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2021-02-09

2021-01-30

Steal money from investors

Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt

2021-01-30

Bubbles?

China Starts Earnings With 9 in 10 Firms Expecting Higher Profit

2021-01-28

Today losses?

Tesla Guides for 50% Growth in Deliveries

2021-01-28

Trend gonna end soon

How GameStop’s surge recalls ghosts of past trading catastrophes

2021-01-22

AMD YES

@夏夏夏:英特爾Q4：碾壓預期的財務數據，比新CEO更快起作用

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Revolt","url":"https://stock-news.laohu8.com/highlight/detail?id=1137182252","media":"Bloomberg","summary":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of ","content":"<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.</p><p>But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.</p><p>The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.</p><p>“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”</p><p>The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”</p><p>When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.</p><p>For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.</p><p>Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.</p><p>The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust &amp; Clearing Corp.</p><p>Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand&nbsp;Terms of Service.</p><p>One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.</p><p>“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”</p><p>The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.</p><p>A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.</p><p>‘Rare Circumstances’</p><p>Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.</p><p>In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.</p><p>Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”</p><p>E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.</p><p>Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”</p><p>Credit Lines</p><p>The firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase &amp; Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.</p><p>Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.</p><p>One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.</p><p>Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.</p><p>“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt</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\">\nRobinhood Raises $1 Billion in Dash for Cash After Trader Revolt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137182252","content_text":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust & Clearing Corp.Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand Terms of Service.One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.‘Rare Circumstances’Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”Credit LinesThe firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase & Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316533447,"gmtCreate":1611936628489,"gmtModify":1704866334902,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"Bubbles?&nbsp;","listText":"Bubbles?&nbsp;","text":"Bubbles?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316533447","repostId":"1181933127","repostType":4,"repost":{"id":"1181933127","pubTimestamp":1611913647,"share":"https://ttm.financial/m/news/1181933127?lang=&edition=fundamental","pubTime":"2021-01-29 17:47","market":"us","language":"en","title":"China Starts Earnings With 9 in 10 Firms Expecting Higher Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=1181933127","media":"Yahoo finance","summary":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investor","content":"<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.</p>\n<p>Among the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.</p>\n<p>Evidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.</p>\n<p>“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”</p>\n<p>China’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.</p>\n<p>Forecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.</p>\n<p>Companies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.</p>\n<p>(Corrects percentage in second paragraph)</p>\n<p>For more articles like this, please visit us atbloomberg.com</p>\n<p>Subscribe nowto stay ahead with the most trusted business news source.</p>","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>China Starts Earnings With 9 in 10 Firms Expecting Higher Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Starts Earnings With 9 in 10 Firms Expecting Higher Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 17:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html><strong>Yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181933127","content_text":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.\nEvidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.\n“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”\nChina’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.\nForecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.\nCompanies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.\n(Corrects percentage in second paragraph)\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.","news_type":1},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318605915,"gmtCreate":1611849546237,"gmtModify":1704864785893,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"Today losses?&nbsp;","listText":"Today losses?&nbsp;","text":"Today losses?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318605915","repostId":"1164966993","repostType":4,"repost":{"id":"1164966993","pubTimestamp":1611820885,"share":"https://ttm.financial/m/news/1164966993?lang=&edition=fundamental","pubTime":"2021-01-28 16:01","market":"us","language":"en","title":"Tesla Guides for 50% Growth in Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=1164966993","media":"The street","summary":"Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.Tesla Inc  -Get Report  said it sees deliveries growing at least 50% in 2021, while it reported fourth-quarter earnings below estimates after the bell Thursday.Tesla didn't provide specific deliveries guidance for 2021, but said it expects 50% average annual deliveries growth \"over a multi-year horizon.\" The company added that \"In some years we may grow faster, which we expect to be the case in 2021","content":"<p>Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.</p>\n<p>Tesla Inc&nbsp;(<b>TSLA</b>) -Get Report&nbsp; said it sees deliveries growing at least 50% in 2021, while it reported fourth-quarter earnings below estimates after the bell Thursday.</p>\n<p>The company posted fourth-quarter non-GAAP earnings of 80 cents a share on revenue of $10.74 billion.</p>\n<p>In the latest quarter, the company had been expected to report a profit of $1.02 a share, on sales of $10.5 billion, based on a FactSet survey of 20 analysts.</p>\n<p>In the same period a year ago, the company posted earnings of 42.8 cents a share on sales of $7.4 billion.</p>\n<p>While the earnings missed expectations, they did cap the first full calendar year of profitability for&nbsp;Elon Musk’s electric vehicle maker.</p>\n<p>Tesla didn't provide specific deliveries guidance for 2021, but said it expects&nbsp;50% average annual deliveries growth \"over a multi-year horizon.\" The company added that \"In some years we may grow faster, which we expect to be the case in 2021.\"</p>\n<p>Tesla delivered just under 500,000 vehicles in 2020, suggesting that it sees this year's numbers topping 750,000.&nbsp;Analysts are looking for deliveries of 800,000 vehicles in 2021, Bloomberg reported.</p>\n<p>The stock has risen 109% since the company last reported earnings on Oct. 21.</p>\n<p>Tesla’s China operations contributed significantly to the year’s performance, as its Shanghai Gigafactory ramped up production quickly after coming online early in the first quarter of 2020. The China operation contributed&nbsp; nearly a third of Tesla’s&nbsp; deliveries in 2020. The plant is being expanded and has begun manufacturing Tesla’s Model Y SUV.</p>\n<p>The Model Y is expected to become the company’s best selling vehicle by 2022.&nbsp;Total deliveries of all vehicles are expected to surpass 1 million in 2022, according to Bloomberg.</p>\n<p>The company's electric pickup truck is expected to begin deliveries in the second half of 2021. Tesla said its semi truck will also begin delivery in 2021 and that&nbsp;it expects production to begin at its new gigafactories currently under construction in Austin, Texas and Berlin.</p>\n<p>Tesla's success in electric vehicles has drawn a slew of wannabe competitors including Nikola&nbsp;(<b>NKLA</b>) -Get Report, Hyliion HYLN and Lordstown Motors&nbsp;(<b>RIDE</b>) -Get Report. Shares of those three all surged Tuesday morning after President Joe Biden said he wants the federal government to eventually shift to all-electric vehicles. While Nikola shares gained 11.47% on the day, the other two stocks fell along with the broader market to end&nbsp; lower.</p>\n<p>Shares of Tesla fell $40, or 4.6%, to $824.16 in after-hours trading.&nbsp;In the regular session, the stock fell 2.1% amid a broad market selloff that saw the Dow Industrials lose more than 600 points.</p>","source":"lsy1610613172068","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 Guides for 50% Growth in Deliveries</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 Guides for 50% Growth in Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-28 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/earnings/tesla-guides-for-50-growth-in-deliveries><strong>The street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.\nTesla Inc (TSLA) -Get Report  said it sees deliveries growing at least 50% in 2021, while it reported...</p>\n\n<a href=\"https://www.thestreet.com/investing/earnings/tesla-guides-for-50-growth-in-deliveries\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/earnings/tesla-guides-for-50-growth-in-deliveries","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164966993","content_text":"Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.\nTesla Inc (TSLA) -Get Report  said it sees deliveries growing at least 50% in 2021, while it reported fourth-quarter earnings below estimates after the bell Thursday.\nThe company posted fourth-quarter non-GAAP earnings of 80 cents a share on revenue of $10.74 billion.\nIn the latest quarter, the company had been expected to report a profit of $1.02 a share, on sales of $10.5 billion, based on a FactSet survey of 20 analysts.\nIn the same period a year ago, the company posted earnings of 42.8 cents a share on sales of $7.4 billion.\nWhile the earnings missed expectations, they did cap the first full calendar year of profitability for Elon Musk’s electric vehicle maker.\nTesla didn't provide specific deliveries guidance for 2021, but said it expects 50% average annual deliveries growth \"over a multi-year horizon.\" The company added that \"In some years we may grow faster, which we expect to be the case in 2021.\"\nTesla delivered just under 500,000 vehicles in 2020, suggesting that it sees this year's numbers topping 750,000. Analysts are looking for deliveries of 800,000 vehicles in 2021, Bloomberg reported.\nThe stock has risen 109% since the company last reported earnings on Oct. 21.\nTesla’s China operations contributed significantly to the year’s performance, as its Shanghai Gigafactory ramped up production quickly after coming online early in the first quarter of 2020. The China operation contributed  nearly a third of Tesla’s  deliveries in 2020. The plant is being expanded and has begun manufacturing Tesla’s Model Y SUV.\nThe Model Y is expected to become the company’s best selling vehicle by 2022. Total deliveries of all vehicles are expected to surpass 1 million in 2022, according to Bloomberg.\nThe company's electric pickup truck is expected to begin deliveries in the second half of 2021. Tesla said its semi truck will also begin delivery in 2021 and that it expects production to begin at its new gigafactories currently under construction in Austin, Texas and Berlin.\nTesla's success in electric vehicles has drawn a slew of wannabe competitors including Nikola (NKLA) -Get Report, Hyliion HYLN and Lordstown Motors (RIDE) -Get Report. Shares of those three all surged Tuesday morning after President Joe Biden said he wants the federal government to eventually shift to all-electric vehicles. While Nikola shares gained 11.47% on the day, the other two stocks fell along with the broader market to end  lower.\nShares of Tesla fell $40, or 4.6%, to $824.16 in after-hours trading. In the regular session, the stock fell 2.1% amid a broad market selloff that saw the Dow Industrials lose more than 600 points.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318608805,"gmtCreate":1611849479207,"gmtModify":1704864782153,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"Trend gonna end soon&nbsp;","listText":"Trend gonna end soon&nbsp;","text":"Trend gonna end soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318608805","repostId":"1107630048","repostType":4,"repost":{"id":"1107630048","pubTimestamp":1611817916,"share":"https://ttm.financial/m/news/1107630048?lang=&edition=fundamental","pubTime":"2021-01-28 15:11","market":"sg","language":"en","title":"How GameStop’s surge recalls ghosts of past trading catastrophes","url":"https://stock-news.laohu8.com/highlight/detail?id=1107630048","media":"Market Wacth","summary":"Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-p","content":"<p>Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see parallels with past trading catastrophes that ultimately left those same individuals holding the bag.</p>\n<p>Richard Smith, executive director of the Foundation for the Study of Cycles, compared the run-up in shares of GameStop, along with other heavily shorted shares targeted by an army of individual investors via forums like Reddit’s WallStreetBets, to past market bubbles, albeit one that has materialized rapidly.</p>\n<p>At some point, the pool of buyers will be exhausted, he and other market observers have warned, leaving the prices of shares that have soared purely due to trading flows to potentially collapse.</p>\n<p>The obvious parallel is the dot-com bubble of the late 1990s. Like that episode, “too many businesses are making too much money off of facilitating and encouraging speculative excess by the public,” Smith said in a phone interview. “I don’t think that it’s going to end well and I’m afraid that a whole generation of investors is at risk of being lost to the capital markets.”</p>\n<p>In this case, the businesses encouraging speculative excess are online brokers and market makers, who have gamified trading and liquidity, effectively bringing Silicon Valley’s model of turning the “user into the product,” he said.</p>\n<p>GameStop Corp.GME,+134.84%sharessoared just shy of $200, or 135%, on Wednesday to end at $347.51. Shares have more than quintupled so far this week. They ended last year at $18.84. Shares of other heavily shorted companies, including theater chain AMC Entertainment Holdings Inc.AMC,+301.21%,also soared Wednesday, as Reddit users encouraged an effort to create additional short squeezes.</p>\n<p><b>Read:</b>It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher</p>\n<p>There’s nothing new about a short squeeze, when professional investors attempt to force short sellers to buy back shares to cover losses, accelerating gains and creating a feedback loop. What’s unique this time is the way individual investors have banded together via Reddit and other forums to do battle with short sellers.</p>\n<p>The surge has been fueled by individual investors, many of whom bought out-of-the-money call options as part of a concerted effort to drive up the stock price. Market makers who sell the calls to individual investors must buy underlying shares to hedge their exposure. The sharp rally caught short sellers wrong-footed, forcing them to buy back shares at a loss, appearing to further accelerate the rally.</p>\n<p><b>See:</b>How an options-trading frenzy is lifting stocks and stirring fears of a market bubble</p>\n<p>One such short seller, Melvin Capital, was effectively KO’d earlier this week, requiring an infusion of nearly $3 billion from hedge funds Citadel and Point72 Capital. On Wednesday, Melvin Capital’s Gabe Plotkintold CNBCthat the firm’s short position was closed out the previous afternoon following a huge loss.</p>\n<p>Also, Andrew Left of short seller Citron Research,&nbsp;in a video posted to YouTube&nbsp;on Wednesday, said he covered the majority of Citron’s short position in GameStop in the $90 price range.</p>\n<p>The GameStop phenomenon, and its reliance on options-related activity by individual investors, can also be viewed as the latest chapter in a story that’s seen derivatives and supposedly sophisticated financial strategies wreak havoc in markets.</p>\n<p>In a Twitter thread, quantitative finance pioneer Emanuel Derman laid out that history, beginning with the spread of portfolio “insurance” in the 1980s, developed by finance professionals using the Black-Scholes options-pricing model. That dynamic portfolio “hedging” was blamed for amplifying the October 1987 stock-market crash.</p>\n<p>In the 2000s, credit default swaps made it easy for less-sophisticated segments of the finance profession to trade credit, contributing to the financial crisis, he said. More recently, options and futures based on the Cboe Volatility Index, or VIXVIX,+61.64%,“and the notion of volatility targeting for protection, made it easy for relative amateurs to trade volatility too, formerly also a professional skill,” he said.<img src=\"https://static.tigerbbs.com/8c3afe592d1898cadbc7abc815eecbf9\" tg-width=\"501\" tg-height=\"434\">Investors who had aggressively bet on a long stretch of market calm continuing got a rude comeuppance in February 2018, when the VIX spiked, forcing the unwind of short bets on volatility andblowing up some popular trading vehicles.</p>\n<p>“It’s all part of the trend of using derivatives that make it apparently easy to do difficult things, which, when a few people do them, isn’t too bad, but which fail when everyone does them,” Derman wrote.</p>","source":"lsy1604288433698","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>How GameStop’s surge recalls ghosts of past trading catastrophes</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\">\nHow GameStop’s surge recalls ghosts of past trading catastrophes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-28 15:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?mod=home-page><strong>Market Wacth</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see ...</p>\n\n<a href=\"https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?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":{},"source_url":"https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107630048","content_text":"Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see parallels with past trading catastrophes that ultimately left those same individuals holding the bag.\nRichard Smith, executive director of the Foundation for the Study of Cycles, compared the run-up in shares of GameStop, along with other heavily shorted shares targeted by an army of individual investors via forums like Reddit’s WallStreetBets, to past market bubbles, albeit one that has materialized rapidly.\nAt some point, the pool of buyers will be exhausted, he and other market observers have warned, leaving the prices of shares that have soared purely due to trading flows to potentially collapse.\nThe obvious parallel is the dot-com bubble of the late 1990s. Like that episode, “too many businesses are making too much money off of facilitating and encouraging speculative excess by the public,” Smith said in a phone interview. “I don’t think that it’s going to end well and I’m afraid that a whole generation of investors is at risk of being lost to the capital markets.”\nIn this case, the businesses encouraging speculative excess are online brokers and market makers, who have gamified trading and liquidity, effectively bringing Silicon Valley’s model of turning the “user into the product,” he said.\nGameStop Corp.GME,+134.84%sharessoared just shy of $200, or 135%, on Wednesday to end at $347.51. Shares have more than quintupled so far this week. They ended last year at $18.84. Shares of other heavily shorted companies, including theater chain AMC Entertainment Holdings Inc.AMC,+301.21%,also soared Wednesday, as Reddit users encouraged an effort to create additional short squeezes.\nRead:It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher\nThere’s nothing new about a short squeeze, when professional investors attempt to force short sellers to buy back shares to cover losses, accelerating gains and creating a feedback loop. What’s unique this time is the way individual investors have banded together via Reddit and other forums to do battle with short sellers.\nThe surge has been fueled by individual investors, many of whom bought out-of-the-money call options as part of a concerted effort to drive up the stock price. Market makers who sell the calls to individual investors must buy underlying shares to hedge their exposure. The sharp rally caught short sellers wrong-footed, forcing them to buy back shares at a loss, appearing to further accelerate the rally.\nSee:How an options-trading frenzy is lifting stocks and stirring fears of a market bubble\nOne such short seller, Melvin Capital, was effectively KO’d earlier this week, requiring an infusion of nearly $3 billion from hedge funds Citadel and Point72 Capital. On Wednesday, Melvin Capital’s Gabe Plotkintold CNBCthat the firm’s short position was closed out the previous afternoon following a huge loss.\nAlso, Andrew Left of short seller Citron Research, in a video posted to YouTube on Wednesday, said he covered the majority of Citron’s short position in GameStop in the $90 price range.\nThe GameStop phenomenon, and its reliance on options-related activity by individual investors, can also be viewed as the latest chapter in a story that’s seen derivatives and supposedly sophisticated financial strategies wreak havoc in markets.\nIn a Twitter thread, quantitative finance pioneer Emanuel Derman laid out that history, beginning with the spread of portfolio “insurance” in the 1980s, developed by finance professionals using the Black-Scholes options-pricing model. That dynamic portfolio “hedging” was blamed for amplifying the October 1987 stock-market crash.\nIn the 2000s, credit default swaps made it easy for less-sophisticated segments of the finance profession to trade credit, contributing to the financial crisis, he said. More recently, options and futures based on the Cboe Volatility Index, or VIXVIX,+61.64%,“and the notion of volatility targeting for protection, made it easy for relative amateurs to trade volatility too, formerly also a professional skill,” he said.Investors who had aggressively bet on a long stretch of market calm continuing got a rude comeuppance in February 2018, when the VIX spiked, forcing the unwind of short bets on volatility andblowing up some popular trading vehicles.\n“It’s all part of the trend of using derivatives that make it apparently easy to do difficult things, which, when a few people do them, isn’t too bad, but which fail when everyone does them,” Derman wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310665857,"gmtCreate":1611325144779,"gmtModify":1704859593855,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"AMD YES","listText":"AMD YES","text":"AMD YES","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/310665857","repostId":"310808119","repostType":1,"repost":{"id":310808119,"gmtCreate":1611297995222,"gmtModify":1704859383527,"author":{"id":"163879441421586","authorId":"163879441421586","name":"夏夏夏","avatar":"https://static.tigerbbs.com/58ae2606862e6fc6213bbfb1de0eef2c","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"163879441421586","idStr":"163879441421586"},"themes":[],"title":"英特爾Q4：碾壓預期的財務數據，比新CEO更快起作用","htmlText":"目睹了半導體公司近期強勢財報後，對英特爾也是期待滿滿。夾雜着換帥預期，以及諸多挑戰，除了黑客之外，英特爾這份Q4財報多是驚喜。接下來就看新帥的表演了。 碾壓預期式財務數據： Q4財報數據來看，呈現碾壓預期的態勢，也扭轉英特爾Q2Q3發財報跌10個點的慣例，具體來看： a&nbsp;公司營收和EPS均超過最高預估。 營收200億美元，同比增長-1％，估計爲175億美元（彭博市場共識） 數據中心業務部營收61億美元，同比增長-15％，估計爲53.7億美元 物聯網營收7.77億美元，估計爲6.344億美元 Mobileye營收3.33億美元，預計爲2.498億美元 調整後每股收益1.52美元，估計爲 1.11美元（範圍$ 1.09至$ 1.18） 調整後毛利率58.4％，估計爲54.9％ b&nbsp;一季度指引遠超預期。 英特爾預計2021年第一季度營收約爲186億美元，Non-GAAP下的營收約爲175億美元，均高於分析師預期的161.8億美元。公司預計一季度EPS約爲每股收益1.03美元，Non-GAAP EPS爲1.10美元。 c&nbsp;年度股息提高至每股1.39美元。 公司董事會宣佈將現金股息提高5%，達到每股1.39美元；按季度普通股每股派發0.3475美元的股息，股息將於3月1日支付給2月7日之前登記在冊的股東。 分業務來看： 包括個人電腦芯片在內的英特爾客戶端計算事業部（CCG）四季度營收109億美元，同比增長9%，環比增長近11%。2020全年營收401億美元，同比增長8%並創史高。 公司表示，以個人電腦爲中心的收入創新高，直接推動四季度總營收大幅超越此前官方指引，其中，在筆記本電腦銷量創新高的帶動下，PC銷量同比跳漲33%。分析指出，英特爾顯著受益於新冠疫情下的居家工作和遠程上課需求。 專注爲雲計算和服務器製造商提供芯片的數據中心業務部（DCG）四季度營收","listText":"目睹了半導體公司近期強勢財報後，對英特爾也是期待滿滿。夾雜着換帥預期，以及諸多挑戰，除了黑客之外，英特爾這份Q4財報多是驚喜。接下來就看新帥的表演了。 碾壓預期式財務數據： Q4財報數據來看，呈現碾壓預期的態勢，也扭轉英特爾Q2Q3發財報跌10個點的慣例，具體來看： a&nbsp;公司營收和EPS均超過最高預估。 營收200億美元，同比增長-1％，估計爲175億美元（彭博市場共識） 數據中心業務部營收61億美元，同比增長-15％，估計爲53.7億美元 物聯網營收7.77億美元，估計爲6.344億美元 Mobileye營收3.33億美元，預計爲2.498億美元 調整後每股收益1.52美元，估計爲 1.11美元（範圍$ 1.09至$ 1.18） 調整後毛利率58.4％，估計爲54.9％ b&nbsp;一季度指引遠超預期。 英特爾預計2021年第一季度營收約爲186億美元，Non-GAAP下的營收約爲175億美元，均高於分析師預期的161.8億美元。公司預計一季度EPS約爲每股收益1.03美元，Non-GAAP EPS爲1.10美元。 c&nbsp;年度股息提高至每股1.39美元。 公司董事會宣佈將現金股息提高5%，達到每股1.39美元；按季度普通股每股派發0.3475美元的股息，股息將於3月1日支付給2月7日之前登記在冊的股東。 分業務來看： 包括個人電腦芯片在內的英特爾客戶端計算事業部（CCG）四季度營收109億美元，同比增長9%，環比增長近11%。2020全年營收401億美元，同比增長8%並創史高。 公司表示，以個人電腦爲中心的收入創新高，直接推動四季度總營收大幅超越此前官方指引，其中，在筆記本電腦銷量創新高的帶動下，PC銷量同比跳漲33%。分析指出，英特爾顯著受益於新冠疫情下的居家工作和遠程上課需求。 專注爲雲計算和服務器製造商提供芯片的數據中心業務部（DCG）四季度營收","text":"目睹了半導體公司近期強勢財報後，對英特爾也是期待滿滿。夾雜着換帥預期，以及諸多挑戰，除了黑客之外，英特爾這份Q4財報多是驚喜。接下來就看新帥的表演了。 碾壓預期式財務數據： Q4財報數據來看，呈現碾壓預期的態勢，也扭轉英特爾Q2Q3發財報跌10個點的慣例，具體來看： a 公司營收和EPS均超過最高預估。 營收200億美元，同比增長-1％，估計爲175億美元（彭博市場共識） 數據中心業務部營收61億美元，同比增長-15％，估計爲53.7億美元 物聯網營收7.77億美元，估計爲6.344億美元 Mobileye營收3.33億美元，預計爲2.498億美元 調整後每股收益1.52美元，估計爲 1.11美元（範圍$ 1.09至$ 1.18） 調整後毛利率58.4％，估計爲54.9％ b 一季度指引遠超預期。 英特爾預計2021年第一季度營收約爲186億美元，Non-GAAP下的營收約爲175億美元，均高於分析師預期的161.8億美元。公司預計一季度EPS約爲每股收益1.03美元，Non-GAAP EPS爲1.10美元。 c 年度股息提高至每股1.39美元。 公司董事會宣佈將現金股息提高5%，達到每股1.39美元；按季度普通股每股派發0.3475美元的股息，股息將於3月1日支付給2月7日之前登記在冊的股東。 分業務來看： 包括個人電腦芯片在內的英特爾客戶端計算事業部（CCG）四季度營收109億美元，同比增長9%，環比增長近11%。2020全年營收401億美元，同比增長8%並創史高。 公司表示，以個人電腦爲中心的收入創新高，直接推動四季度總營收大幅超越此前官方指引，其中，在筆記本電腦銷量創新高的帶動下，PC銷量同比跳漲33%。分析指出，英特爾顯著受益於新冠疫情下的居家工作和遠程上課需求。 專注爲雲計算和服務器製造商提供芯片的數據中心業務部（DCG）四季度營收","images":[{"img":"https://static.tigerbbs.com/250cb1cacc043b09e5925712d928b53e","width":"984","height":"546"},{"img":"https://static.tigerbbs.com/e0e37dd8f21a1edea3552b6202dfb936","width":"984","height":"547"},{"img":"https://static.tigerbbs.com/de530c1cb2cb40377b18431a6faf614f","width":"2060","height":"1159"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310808119","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3527667803686145","idStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":383256132,"gmtCreate":1612882319126,"gmtModify":1704875405417,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Yes","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Yes","text":"$AMD(AMD)$Yes","images":[{"img":"https://static.tigerbbs.com/7d445f7cc1dec08071b2e5219d58a27d","width":"1176","height":"2091"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/383256132","isVote":1,"tweetType":1,"viewCount":766,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3451648206696911","authorId":"3451648206696911","name":"阿拉丁多头将军","avatar":"https://static.tigerbbs.com/262d42efbc0f288dec8f04771a92d465","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3451648206696911","idStr":"3451648206696911"},"content":"30usd shows off again...","text":"30usd shows off again...","html":"30usd shows off again..."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":310665857,"gmtCreate":1611325144779,"gmtModify":1704859593855,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"AMD YES","listText":"AMD YES","text":"AMD YES","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/310665857","repostId":"310808119","repostType":1,"repost":{"id":310808119,"gmtCreate":1611297995222,"gmtModify":1704859383527,"author":{"id":"163879441421586","authorId":"163879441421586","name":"夏夏夏","avatar":"https://static.tigerbbs.com/58ae2606862e6fc6213bbfb1de0eef2c","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"163879441421586","idStr":"163879441421586"},"themes":[],"title":"英特爾Q4：碾壓預期的財務數據，比新CEO更快起作用","htmlText":"目睹了半導體公司近期強勢財報後，對英特爾也是期待滿滿。夾雜着換帥預期，以及諸多挑戰，除了黑客之外，英特爾這份Q4財報多是驚喜。接下來就看新帥的表演了。 碾壓預期式財務數據： Q4財報數據來看，呈現碾壓預期的態勢，也扭轉英特爾Q2Q3發財報跌10個點的慣例，具體來看： a&nbsp;公司營收和EPS均超過最高預估。 營收200億美元，同比增長-1％，估計爲175億美元（彭博市場共識） 數據中心業務部營收61億美元，同比增長-15％，估計爲53.7億美元 物聯網營收7.77億美元，估計爲6.344億美元 Mobileye營收3.33億美元，預計爲2.498億美元 調整後每股收益1.52美元，估計爲 1.11美元（範圍$ 1.09至$ 1.18） 調整後毛利率58.4％，估計爲54.9％ b&nbsp;一季度指引遠超預期。 英特爾預計2021年第一季度營收約爲186億美元，Non-GAAP下的營收約爲175億美元，均高於分析師預期的161.8億美元。公司預計一季度EPS約爲每股收益1.03美元，Non-GAAP EPS爲1.10美元。 c&nbsp;年度股息提高至每股1.39美元。 公司董事會宣佈將現金股息提高5%，達到每股1.39美元；按季度普通股每股派發0.3475美元的股息，股息將於3月1日支付給2月7日之前登記在冊的股東。 分業務來看： 包括個人電腦芯片在內的英特爾客戶端計算事業部（CCG）四季度營收109億美元，同比增長9%，環比增長近11%。2020全年營收401億美元，同比增長8%並創史高。 公司表示，以個人電腦爲中心的收入創新高，直接推動四季度總營收大幅超越此前官方指引，其中，在筆記本電腦銷量創新高的帶動下，PC銷量同比跳漲33%。分析指出，英特爾顯著受益於新冠疫情下的居家工作和遠程上課需求。 專注爲雲計算和服務器製造商提供芯片的數據中心業務部（DCG）四季度營收","listText":"目睹了半導體公司近期強勢財報後，對英特爾也是期待滿滿。夾雜着換帥預期，以及諸多挑戰，除了黑客之外，英特爾這份Q4財報多是驚喜。接下來就看新帥的表演了。 碾壓預期式財務數據： Q4財報數據來看，呈現碾壓預期的態勢，也扭轉英特爾Q2Q3發財報跌10個點的慣例，具體來看： a&nbsp;公司營收和EPS均超過最高預估。 營收200億美元，同比增長-1％，估計爲175億美元（彭博市場共識） 數據中心業務部營收61億美元，同比增長-15％，估計爲53.7億美元 物聯網營收7.77億美元，估計爲6.344億美元 Mobileye營收3.33億美元，預計爲2.498億美元 調整後每股收益1.52美元，估計爲 1.11美元（範圍$ 1.09至$ 1.18） 調整後毛利率58.4％，估計爲54.9％ b&nbsp;一季度指引遠超預期。 英特爾預計2021年第一季度營收約爲186億美元，Non-GAAP下的營收約爲175億美元，均高於分析師預期的161.8億美元。公司預計一季度EPS約爲每股收益1.03美元，Non-GAAP EPS爲1.10美元。 c&nbsp;年度股息提高至每股1.39美元。 公司董事會宣佈將現金股息提高5%，達到每股1.39美元；按季度普通股每股派發0.3475美元的股息，股息將於3月1日支付給2月7日之前登記在冊的股東。 分業務來看： 包括個人電腦芯片在內的英特爾客戶端計算事業部（CCG）四季度營收109億美元，同比增長9%，環比增長近11%。2020全年營收401億美元，同比增長8%並創史高。 公司表示，以個人電腦爲中心的收入創新高，直接推動四季度總營收大幅超越此前官方指引，其中，在筆記本電腦銷量創新高的帶動下，PC銷量同比跳漲33%。分析指出，英特爾顯著受益於新冠疫情下的居家工作和遠程上課需求。 專注爲雲計算和服務器製造商提供芯片的數據中心業務部（DCG）四季度營收","text":"目睹了半導體公司近期強勢財報後，對英特爾也是期待滿滿。夾雜着換帥預期，以及諸多挑戰，除了黑客之外，英特爾這份Q4財報多是驚喜。接下來就看新帥的表演了。 碾壓預期式財務數據： Q4財報數據來看，呈現碾壓預期的態勢，也扭轉英特爾Q2Q3發財報跌10個點的慣例，具體來看： a 公司營收和EPS均超過最高預估。 營收200億美元，同比增長-1％，估計爲175億美元（彭博市場共識） 數據中心業務部營收61億美元，同比增長-15％，估計爲53.7億美元 物聯網營收7.77億美元，估計爲6.344億美元 Mobileye營收3.33億美元，預計爲2.498億美元 調整後每股收益1.52美元，估計爲 1.11美元（範圍$ 1.09至$ 1.18） 調整後毛利率58.4％，估計爲54.9％ b 一季度指引遠超預期。 英特爾預計2021年第一季度營收約爲186億美元，Non-GAAP下的營收約爲175億美元，均高於分析師預期的161.8億美元。公司預計一季度EPS約爲每股收益1.03美元，Non-GAAP EPS爲1.10美元。 c 年度股息提高至每股1.39美元。 公司董事會宣佈將現金股息提高5%，達到每股1.39美元；按季度普通股每股派發0.3475美元的股息，股息將於3月1日支付給2月7日之前登記在冊的股東。 分業務來看： 包括個人電腦芯片在內的英特爾客戶端計算事業部（CCG）四季度營收109億美元，同比增長9%，環比增長近11%。2020全年營收401億美元，同比增長8%並創史高。 公司表示，以個人電腦爲中心的收入創新高，直接推動四季度總營收大幅超越此前官方指引，其中，在筆記本電腦銷量創新高的帶動下，PC銷量同比跳漲33%。分析指出，英特爾顯著受益於新冠疫情下的居家工作和遠程上課需求。 專注爲雲計算和服務器製造商提供芯片的數據中心業務部（DCG）四季度營收","images":[{"img":"https://static.tigerbbs.com/250cb1cacc043b09e5925712d928b53e","width":"984","height":"546"},{"img":"https://static.tigerbbs.com/e0e37dd8f21a1edea3552b6202dfb936","width":"984","height":"547"},{"img":"https://static.tigerbbs.com/de530c1cb2cb40377b18431a6faf614f","width":"2060","height":"1159"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310808119","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3527667803686145","idStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316582956,"gmtCreate":1611937398875,"gmtModify":1704866365026,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"Steal money from investors&nbsp;","listText":"Steal money from investors&nbsp;","text":"Steal money from investors","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316582956","repostId":"1137182252","repostType":4,"repost":{"id":"1137182252","pubTimestamp":1611909009,"share":"https://ttm.financial/m/news/1137182252?lang=&edition=fundamental","pubTime":"2021-01-29 16:30","market":"us","language":"en","title":"Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt","url":"https://stock-news.laohu8.com/highlight/detail?id=1137182252","media":"Bloomberg","summary":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of ","content":"<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.</p><p>But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.</p><p>The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.</p><p>“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”</p><p>The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”</p><p>When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.</p><p>For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.</p><p>Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.</p><p>The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust &amp; Clearing Corp.</p><p>Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand&nbsp;Terms of Service.</p><p>One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.</p><p>“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”</p><p>The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.</p><p>A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.</p><p>‘Rare Circumstances’</p><p>Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.</p><p>In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.</p><p>Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”</p><p>E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.</p><p>Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”</p><p>Credit Lines</p><p>The firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase &amp; Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.</p><p>Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.</p><p>One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.</p><p>Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.</p><p>“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt</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\">\nRobinhood Raises $1 Billion in Dash for Cash After Trader Revolt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137182252","content_text":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust & Clearing Corp.Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand Terms of Service.One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.‘Rare Circumstances’Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”Credit LinesThe firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase & Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316533447,"gmtCreate":1611936628489,"gmtModify":1704866334902,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"Bubbles?&nbsp;","listText":"Bubbles?&nbsp;","text":"Bubbles?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316533447","repostId":"1181933127","repostType":4,"repost":{"id":"1181933127","pubTimestamp":1611913647,"share":"https://ttm.financial/m/news/1181933127?lang=&edition=fundamental","pubTime":"2021-01-29 17:47","market":"us","language":"en","title":"China Starts Earnings With 9 in 10 Firms Expecting Higher Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=1181933127","media":"Yahoo finance","summary":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investor","content":"<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.</p>\n<p>Among the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.</p>\n<p>Evidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.</p>\n<p>“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”</p>\n<p>China’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.</p>\n<p>Forecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.</p>\n<p>Companies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.</p>\n<p>(Corrects percentage in second paragraph)</p>\n<p>For more articles like this, please visit us atbloomberg.com</p>\n<p>Subscribe nowto stay ahead with the most trusted business news source.</p>","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>China Starts Earnings With 9 in 10 Firms Expecting Higher Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Starts Earnings With 9 in 10 Firms Expecting Higher Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 17:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html><strong>Yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181933127","content_text":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.\nEvidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.\n“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”\nChina’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.\nForecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.\nCompanies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.\n(Corrects percentage in second paragraph)\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.","news_type":1},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318605915,"gmtCreate":1611849546237,"gmtModify":1704864785893,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"Today losses?&nbsp;","listText":"Today losses?&nbsp;","text":"Today losses?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318605915","repostId":"1164966993","repostType":4,"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318608805,"gmtCreate":1611849479207,"gmtModify":1704864782153,"author":{"id":"3573017639938463","authorId":"3573017639938463","name":"ZackFu","avatar":"https://static.tigerbbs.com/274eb347332592465ed80a96e12ef54c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573017639938463","idStr":"3573017639938463"},"themes":[],"htmlText":"Trend gonna end soon&nbsp;","listText":"Trend gonna end soon&nbsp;","text":"Trend gonna end soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318608805","repostId":"1107630048","repostType":4,"repost":{"id":"1107630048","pubTimestamp":1611817916,"share":"https://ttm.financial/m/news/1107630048?lang=&edition=fundamental","pubTime":"2021-01-28 15:11","market":"sg","language":"en","title":"How GameStop’s surge recalls ghosts of past trading catastrophes","url":"https://stock-news.laohu8.com/highlight/detail?id=1107630048","media":"Market Wacth","summary":"Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-p","content":"<p>Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see parallels with past trading catastrophes that ultimately left those same individuals holding the bag.</p>\n<p>Richard Smith, executive director of the Foundation for the Study of Cycles, compared the run-up in shares of GameStop, along with other heavily shorted shares targeted by an army of individual investors via forums like Reddit’s WallStreetBets, to past market bubbles, albeit one that has materialized rapidly.</p>\n<p>At some point, the pool of buyers will be exhausted, he and other market observers have warned, leaving the prices of shares that have soared purely due to trading flows to potentially collapse.</p>\n<p>The obvious parallel is the dot-com bubble of the late 1990s. Like that episode, “too many businesses are making too much money off of facilitating and encouraging speculative excess by the public,” Smith said in a phone interview. “I don’t think that it’s going to end well and I’m afraid that a whole generation of investors is at risk of being lost to the capital markets.”</p>\n<p>In this case, the businesses encouraging speculative excess are online brokers and market makers, who have gamified trading and liquidity, effectively bringing Silicon Valley’s model of turning the “user into the product,” he said.</p>\n<p>GameStop Corp.GME,+134.84%sharessoared just shy of $200, or 135%, on Wednesday to end at $347.51. Shares have more than quintupled so far this week. They ended last year at $18.84. Shares of other heavily shorted companies, including theater chain AMC Entertainment Holdings Inc.AMC,+301.21%,also soared Wednesday, as Reddit users encouraged an effort to create additional short squeezes.</p>\n<p><b>Read:</b>It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher</p>\n<p>There’s nothing new about a short squeeze, when professional investors attempt to force short sellers to buy back shares to cover losses, accelerating gains and creating a feedback loop. What’s unique this time is the way individual investors have banded together via Reddit and other forums to do battle with short sellers.</p>\n<p>The surge has been fueled by individual investors, many of whom bought out-of-the-money call options as part of a concerted effort to drive up the stock price. Market makers who sell the calls to individual investors must buy underlying shares to hedge their exposure. The sharp rally caught short sellers wrong-footed, forcing them to buy back shares at a loss, appearing to further accelerate the rally.</p>\n<p><b>See:</b>How an options-trading frenzy is lifting stocks and stirring fears of a market bubble</p>\n<p>One such short seller, Melvin Capital, was effectively KO’d earlier this week, requiring an infusion of nearly $3 billion from hedge funds Citadel and Point72 Capital. On Wednesday, Melvin Capital’s Gabe Plotkintold CNBCthat the firm’s short position was closed out the previous afternoon following a huge loss.</p>\n<p>Also, Andrew Left of short seller Citron Research,&nbsp;in a video posted to YouTube&nbsp;on Wednesday, said he covered the majority of Citron’s short position in GameStop in the $90 price range.</p>\n<p>The GameStop phenomenon, and its reliance on options-related activity by individual investors, can also be viewed as the latest chapter in a story that’s seen derivatives and supposedly sophisticated financial strategies wreak havoc in markets.</p>\n<p>In a Twitter thread, quantitative finance pioneer Emanuel Derman laid out that history, beginning with the spread of portfolio “insurance” in the 1980s, developed by finance professionals using the Black-Scholes options-pricing model. That dynamic portfolio “hedging” was blamed for amplifying the October 1987 stock-market crash.</p>\n<p>In the 2000s, credit default swaps made it easy for less-sophisticated segments of the finance profession to trade credit, contributing to the financial crisis, he said. More recently, options and futures based on the Cboe Volatility Index, or VIXVIX,+61.64%,“and the notion of volatility targeting for protection, made it easy for relative amateurs to trade volatility too, formerly also a professional skill,” he said.<img src=\"https://static.tigerbbs.com/8c3afe592d1898cadbc7abc815eecbf9\" tg-width=\"501\" tg-height=\"434\">Investors who had aggressively bet on a long stretch of market calm continuing got a rude comeuppance in February 2018, when the VIX spiked, forcing the unwind of short bets on volatility andblowing up some popular trading vehicles.</p>\n<p>“It’s all part of the trend of using derivatives that make it apparently easy to do difficult things, which, when a few people do them, isn’t too bad, but which fail when everyone does them,” Derman wrote.</p>","source":"lsy1604288433698","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>How GameStop’s surge recalls ghosts of past trading catastrophes</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\">\nHow GameStop’s surge recalls ghosts of past trading catastrophes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-28 15:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?mod=home-page><strong>Market Wacth</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see ...</p>\n\n<a href=\"https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?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":{},"source_url":"https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107630048","content_text":"Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see parallels with past trading catastrophes that ultimately left those same individuals holding the bag.\nRichard Smith, executive director of the Foundation for the Study of Cycles, compared the run-up in shares of GameStop, along with other heavily shorted shares targeted by an army of individual investors via forums like Reddit’s WallStreetBets, to past market bubbles, albeit one that has materialized rapidly.\nAt some point, the pool of buyers will be exhausted, he and other market observers have warned, leaving the prices of shares that have soared purely due to trading flows to potentially collapse.\nThe obvious parallel is the dot-com bubble of the late 1990s. Like that episode, “too many businesses are making too much money off of facilitating and encouraging speculative excess by the public,” Smith said in a phone interview. “I don’t think that it’s going to end well and I’m afraid that a whole generation of investors is at risk of being lost to the capital markets.”\nIn this case, the businesses encouraging speculative excess are online brokers and market makers, who have gamified trading and liquidity, effectively bringing Silicon Valley’s model of turning the “user into the product,” he said.\nGameStop Corp.GME,+134.84%sharessoared just shy of $200, or 135%, on Wednesday to end at $347.51. Shares have more than quintupled so far this week. They ended last year at $18.84. Shares of other heavily shorted companies, including theater chain AMC Entertainment Holdings Inc.AMC,+301.21%,also soared Wednesday, as Reddit users encouraged an effort to create additional short squeezes.\nRead:It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher\nThere’s nothing new about a short squeeze, when professional investors attempt to force short sellers to buy back shares to cover losses, accelerating gains and creating a feedback loop. What’s unique this time is the way individual investors have banded together via Reddit and other forums to do battle with short sellers.\nThe surge has been fueled by individual investors, many of whom bought out-of-the-money call options as part of a concerted effort to drive up the stock price. Market makers who sell the calls to individual investors must buy underlying shares to hedge their exposure. The sharp rally caught short sellers wrong-footed, forcing them to buy back shares at a loss, appearing to further accelerate the rally.\nSee:How an options-trading frenzy is lifting stocks and stirring fears of a market bubble\nOne such short seller, Melvin Capital, was effectively KO’d earlier this week, requiring an infusion of nearly $3 billion from hedge funds Citadel and Point72 Capital. On Wednesday, Melvin Capital’s Gabe Plotkintold CNBCthat the firm’s short position was closed out the previous afternoon following a huge loss.\nAlso, Andrew Left of short seller Citron Research, in a video posted to YouTube on Wednesday, said he covered the majority of Citron’s short position in GameStop in the $90 price range.\nThe GameStop phenomenon, and its reliance on options-related activity by individual investors, can also be viewed as the latest chapter in a story that’s seen derivatives and supposedly sophisticated financial strategies wreak havoc in markets.\nIn a Twitter thread, quantitative finance pioneer Emanuel Derman laid out that history, beginning with the spread of portfolio “insurance” in the 1980s, developed by finance professionals using the Black-Scholes options-pricing model. That dynamic portfolio “hedging” was blamed for amplifying the October 1987 stock-market crash.\nIn the 2000s, credit default swaps made it easy for less-sophisticated segments of the finance profession to trade credit, contributing to the financial crisis, he said. More recently, options and futures based on the Cboe Volatility Index, or VIXVIX,+61.64%,“and the notion of volatility targeting for protection, made it easy for relative amateurs to trade volatility too, formerly also a professional skill,” he said.Investors who had aggressively bet on a long stretch of market calm continuing got a rude comeuppance in February 2018, when the VIX spiked, forcing the unwind of short bets on volatility andblowing up some popular trading vehicles.\n“It’s all part of the trend of using derivatives that make it apparently easy to do difficult things, which, when a few people do them, isn’t too bad, but which fail when everyone does them,” Derman wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}