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2022-03-23

I can never tell when these stocks gonna shoot up haha

Meme Stocks Surged in Premarket Trading, with Gamestop Rising Nearly 17% and AMC Rising Over 13%

2022-01-17

It will be tougher and tougher to break record, but I believe you can go further Apple!

Apple Earnings Are Coming: What to Watch

2022-01-18

Wow! Microsoft big move into gaming.

Microsoft to acquire Activision Blizzard in all-cash deal valued at $68.7 bln

2022-05-05

Nvidia 's income stream is extremely solid. No one is gonna suddenly pop up and snatch the gaming and crypto mining chip business.[Duh]

Nvidia Stock: Headwinds Priced In - Buy On Weakness

2022-01-03

Looking forward for Sofi to be the next big thing in financial field!!

3 High-Growth Stocks Wall Street Thinks Could Soar 50% or More in 2022

2022-09-02

Finger cross

Nvidia’s "China Syndrome": Is the Stock Melting Down?

2022-08-24

Wao didn't see that coming.[Surprised]

Elon Musk’s Many Korean Fans Have Built a $15 Billion Tesla Stake

2022-07-25

Everyone has their own theory[What]

Is Warren Buffett Betting Against Renewable Energy?

2022-06-15

Is good to know NVDA won't be solely reliant on gaming

Nvidia Is a Long-Term Buy With Data Center Strength

2022-03-25

Time to take us flying! Hahaha

Why Tesla Stock Zoomed Higher Again

2022-01-27

Time to load up guys!

Tesla Fell over 5% in Morning Trading as Put Off New Models

2022-07-19

Tim cook has indeed done a great job in terms of operating the company![Cool]

Apple: A Wonderful Business At A Fair Price, Assuming Growth Continues

2022-07-07

It's a good company, we shouldn't aim to triple in short-term though

Is Nvidia Really A Bargain Or Is There More Pain Ahead?

2022-06-02

A make or break move [Cool]

A Tesla Diner Can Help Supercharge TSLA Stock

2022-05-26

Its still gonna be one of the most hype product Lau ch[Cool]

Apple to Keep iPhone Production Flat as Market Grows Tougher

2022-05-23

Woah to ramp up production maybe?

Tesla Said To Have Introduced A Second Shift At This Gigafactory

2022-05-05

Never know what's gonna happened[Grin]

Tech Stocks AAPL, AMZN, FB, GOOGL Look to Rebound After FOMC News

2022-04-05

Exciting move! What would happened [Cool]

Elon Musk Just Bought Twitter (TWTR). Here Are 5 Investors Betting with Him.

2022-03-26

Go go Nvidia!

What Are MANGO Stocks? Why MANGO Stocks Could Outperform？

2022-03-03

Keep it up Apple! Stable investment!

Apple Stock: Resilient To Turbulence In 2022

Go to Tiger App to see more news

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TSMC's $TSM 3nm node has ramped quickly, driving recent performance alongside strength on the 5nm node. <a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_comments</a> <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a> <a href=\"https://ttm.financial/U/3527667588142897\">@TigerPM</a> <a href=\"https://ttm.financial/U/9000000000000572\">@TigerPicks</a> <a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars&lt;/</a>","text":"$Advanced Micro Devices(AMD)$ $NVIDIA Corp(NVDA)$ $Intel(INTC)$$Taiwan Semiconductor Manufacturing(TSM)$ 🅱🆄🅻🅻🅸🆂🅷 Nvidia $NVDA vs Intel $INTC vs $AMD: Total Annual Revenue from 2004-2024! TSMC's $TSM 3nm node has ramped quickly, driving recent performance alongside strength on the 5nm node. @Tiger_comments @Daily_Discussion @TigerPM @TigerPicks @TigerStars</","images":[{"img":"https://community-static.tradeup.com/news/c4a5fd934a76ae1a5b8d8aecada015d3","width":"1116","height":"837"},{"img":"https://community-static.tradeup.com/news/0a1a98b4715e55792d6b3c9daaedc88b","width":"1405","height":"921"},{"img":"https://community-static.tradeup.com/news/533a98784e21337831fe45df048f5995","width":"1116","height":"640"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364372901765304","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364200547741696,"gmtCreate":1729926388614,"gmtModify":1729926392439,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Great 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it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363372340166912","repostId":"2472561192","repostType":2,"repost":{"id":"2472561192","kind":"highlight","pubTimestamp":1727969586,"share":"https://ttm.financial/m/news/2472561192?lang=&edition=fundamental","pubTime":"2024-10-03 23:33","market":"nz","language":"en","title":"\"China Dragons\" ETF Arrives on Wall Street Just as Bulls Return","url":"https://stock-news.laohu8.com/highlight/detail?id=2472561192","media":"Bloomberg","summary":"A new exchange-traded fund looking to capture the performance of China’s biggest companies is launching Thursday, just as the nation’s stocks officially enter a bull market following a sweeping stimulus package.","content":"<html><head></head><body><p>(Bloomberg) -- A new exchange-traded fund looking to capture the performance of China’s biggest companies is launching Thursday, just as the nation’s stocks officially enter a bull market following a sweeping stimulus package.</p><p>The <a href=\"https://laohu8.com/S/DRAG\">Roundhill China Dragons ETF</a> tracks an equal-weighted basket of five to 10 of the largest and most innovative Chinese tech companies that the issuer collectively dubs the “China Dragons.” </p><p>To date, members include Tencent Holdings Ltd, PDD Holdings Inc, Alibaba Group Holding, Meituan, BYD Co Ltd, Xiaomi Corp, JD.com Inc, Baidu Inc and NetEase Inc. </p><p>As of launch, the nine mega-cap tech firms, in aggregate, exhibit competitive advantages through the economies of scale, solid fundamentals and impressive growth relative to their peers, according to Roundhill Investments. The ETF will be rebalanced quarterly.</p><p>What differentiates DRAG from other ETFs that offer China exposure — such as the $7.9 billion KraneShares CSI China Internet ETF (KWEB) and the $6.4 billion iShares China Large-Cap ETF (FXI) — is its concentration, said Dave Mazza, the firm’s chief executive officer. </p><p>DRAG, at 59 basis points, also has a slightly lower fee compared to most of its peers in the same category.</p><p>The four largest China-linked ETFs have altogether amassed $2.5 billion this week alone, with KraneShares’ KWEB seeing its biggest daily inflow on record Tuesday. </p><p>Chinese equities rallied at one point this week to their best day since 2008 after Beijing unleashed a range of measures to turbo-charge the growth of an ailing economy. Money managers and hedge funds have rushed to pile into Chinese stocks at a record pace after years of underexposure.</p><p>“We are seeing people trickle back into emerging markets,” said Mohit Bajaj, director of ETFs at WallachBeth Capital. “So if the belief that China will continue performing the way it does, the ETF could do well.”</p><p>Among its roster of nearly 20 ETFs, Roundhill’s best performer is its $780 million Roundhill Magnificent Seven ETF (MAGS), which tracks the Magnificent Seven stocks. Mazza sees this as the US version of DRAG. Up 40% this year, it was launched in April 2023. </p></body></html>","source":"bnn_bloomberg_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"China Dragons\" ETF Arrives on Wall Street Just as Bulls Return</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\">\n\"China Dragons\" ETF Arrives on Wall Street Just as Bulls Return\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-03 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/business/international/2024/10/03/china-dragons-etf-arrives-on-wall-street-just-as-bulls-return/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A new exchange-traded fund looking to capture the performance of China’s biggest companies is launching Thursday, just as the nation’s stocks officially enter a bull market following a ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/international/2024/10/03/china-dragons-etf-arrives-on-wall-street-just-as-bulls-return/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NTES":"网易","BIDU":"百度","XIACY":"小米集团ADR","JD":"京东","MPNGY":"美团ADR","BK4585":"ETF&股票定投概念","KWEB":"中国海外互联网ETF-KraneShares","FXI":"中国大盘股ETF-iShares","TCEHY":"腾讯控股ADR","FDN":"First Trust Dow Jones Internet I","PDD":"拼多多","MAGS":"The Magnificent Seven ETF","BK4588":"碎股","BK4504":"桥水持仓","BK4550":"红杉资本持仓","DRAG":"中国龙ETF-Roundhill","BABA":"阿里巴巴"},"source_url":"https://www.bnnbloomberg.ca/business/international/2024/10/03/china-dragons-etf-arrives-on-wall-street-just-as-bulls-return/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2472561192","content_text":"(Bloomberg) -- A new exchange-traded fund looking to capture the performance of China’s biggest companies is launching Thursday, just as the nation’s stocks officially enter a bull market following a sweeping stimulus package.The Roundhill China Dragons ETF tracks an equal-weighted basket of five to 10 of the largest and most innovative Chinese tech companies that the issuer collectively dubs the “China Dragons.” To date, members include Tencent Holdings Ltd, PDD Holdings Inc, Alibaba Group Holding, Meituan, BYD Co Ltd, Xiaomi Corp, JD.com Inc, Baidu Inc and NetEase Inc. As of launch, the nine mega-cap tech firms, in aggregate, exhibit competitive advantages through the economies of scale, solid fundamentals and impressive growth relative to their peers, according to Roundhill Investments. The ETF will be rebalanced quarterly.What differentiates DRAG from other ETFs that offer China exposure — such as the $7.9 billion KraneShares CSI China Internet ETF (KWEB) and the $6.4 billion iShares China Large-Cap ETF (FXI) — is its concentration, said Dave Mazza, the firm’s chief executive officer. DRAG, at 59 basis points, also has a slightly lower fee compared to most of its peers in the same category.The four largest China-linked ETFs have altogether amassed $2.5 billion this week alone, with KraneShares’ KWEB seeing its biggest daily inflow on record Tuesday. Chinese equities rallied at one point this week to their best day since 2008 after Beijing unleashed a range of measures to turbo-charge the growth of an ailing economy. Money managers and hedge funds have rushed to pile into Chinese stocks at a record pace after years of underexposure.“We are seeing people trickle back into emerging markets,” said Mohit Bajaj, director of ETFs at WallachBeth Capital. “So if the belief that China will continue performing the way it does, the ETF could do well.”Among its roster of nearly 20 ETFs, Roundhill’s best performer is its $780 million Roundhill Magnificent Seven ETF (MAGS), which tracks the Magnificent Seven stocks. Mazza sees this as the US version of DRAG. Up 40% this year, it was launched in April 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362983233769632,"gmtCreate":1729660828439,"gmtModify":1729660831962,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362983233769632","repostId":"362734503288888","repostType":1,"repost":{"id":362734503288888,"gmtCreate":1729594060593,"gmtModify":1729648145766,"author":{"id":"4111448269923362","authorId":"4111448269923362","name":"TigerHulk","avatar":"https://community-static.tradeup.com/news/9e1491ac4fc7b7459eacd64c6be410ae","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4111448269923362","idStr":"4111448269923362"},"themes":[],"title":"Why I love Google So Much","htmlText":"Despite recent negative headlines surrounding Alphabet (Google),<a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;there are numerous compelling reasons to consider it as a solid long-term investment. The company’s robust infrastructure, innovation pipeline, and diversified business model set it apart from many tech companies, positioning it for continued growth in key markets like cloud computing, AI, healthcare, and autonomous vehicles. First and foremost, Google’s core businesses remain extremely strong. Its dominance in search and digital advertising is unparalleled, and these areas continue to generate substantial revenue and cash flow. Google controls more than 90% of the global search market, ensuring that it remains the go-to platform","listText":"Despite recent negative headlines surrounding Alphabet (Google),<a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;there are numerous compelling reasons to consider it as a solid long-term investment. The company’s robust infrastructure, innovation pipeline, and diversified business model set it apart from many tech companies, positioning it for continued growth in key markets like cloud computing, AI, healthcare, and autonomous vehicles. First and foremost, Google’s core businesses remain extremely strong. Its dominance in search and digital advertising is unparalleled, and these areas continue to generate substantial revenue and cash flow. Google controls more than 90% of the global search market, ensuring that it remains the go-to platform","text":"Despite recent negative headlines surrounding Alphabet (Google),$Alphabet(GOOGL)$ there are numerous compelling reasons to consider it as a solid long-term investment. The company’s robust infrastructure, innovation pipeline, and diversified business model set it apart from many tech companies, positioning it for continued growth in key markets like cloud computing, AI, healthcare, and autonomous vehicles. First and foremost, Google’s core businesses remain extremely strong. Its dominance in search and digital advertising is unparalleled, and these areas continue to generate substantial revenue and cash flow. Google controls more than 90% of the global search market, ensuring that it remains the go-to platform","images":[],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362734503288888","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362458693189888,"gmtCreate":1729526722105,"gmtModify":1729526724285,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362458693189888","repostId":"361921739264048","repostType":1,"repost":{"id":361921739264048,"gmtCreate":1729387981560,"gmtModify":1729477096247,"author":{"id":"4159952822702602","authorId":"4159952822702602","name":"Travis Hoium","avatar":"https://community-static.tradeup.com/news/7f6caf1342339cc5b5ecd9bf6ff43d46","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4159952822702602","idStr":"4159952822702602"},"themes":[],"title":"GOOG, SOFI, GM, MGM, COIN  Show Strong Bullish Trends","htmlText":"1. <a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$</a> <a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$</a> Google Cloud has grown at a 35.2% CAGR since 2020.Image2. <a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a> Rapidly transitioning from bank -&gt; banking technology company.Image3. <a href=\"https://ttm.financial/S/GM\">$General Motors(GM)$</a> GM expects to be under 1 billion shares outstanding by early 2025.Image4. <a href=\"https://ttm.financial/S/MGM\">$MGM Resorts International(MGM)$</a> Share count CAGR is NEGATIVE 13.4% over the past three years.Image5. <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> Coinbase's non-exchange business is becoming a pretty big business.Image","listText":"1. <a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$</a> <a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$</a> Google Cloud has grown at a 35.2% CAGR since 2020.Image2. <a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a> Rapidly transitioning from bank -&gt; banking technology company.Image3. <a href=\"https://ttm.financial/S/GM\">$General Motors(GM)$</a> GM expects to be under 1 billion shares outstanding by early 2025.Image4. <a href=\"https://ttm.financial/S/MGM\">$MGM Resorts International(MGM)$</a> Share count CAGR is NEGATIVE 13.4% over the past three years.Image5. <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> Coinbase's non-exchange business is becoming a pretty big business.Image","text":"1. $Alphabet(GOOG)$ $Alphabet(GOOGL)$ Google Cloud has grown at a 35.2% CAGR since 2020.Image2. $SoFi Technologies Inc.(SOFI)$ Rapidly transitioning from bank -> banking technology company.Image3. $General Motors(GM)$ GM expects to be under 1 billion shares outstanding by early 2025.Image4. $MGM Resorts International(MGM)$ Share count CAGR is NEGATIVE 13.4% over the past three years.Image5. $Coinbase Global, Inc.(COIN)$ Coinbase's non-exchange business is becoming a pretty big business.Image","images":[{"img":"https://community-static.tradeup.com/news/1effabf7ce023af605acb490d0632df5","width":"680","height":"383"},{"img":"https://community-static.tradeup.com/news/2b748bd8d02ff0212e3dfac62a47bfb6","width":"680","height":"383"},{"img":"https://community-static.tradeup.com/news/848494899b3b07784faf06af6d730db2","width":"680","height":"383"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361921739264048","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362458530361544,"gmtCreate":1729526682182,"gmtModify":1729526684272,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362458530361544","repostId":"362266416889936","repostType":1,"repost":{"id":362266416889936,"gmtCreate":1729472211422,"gmtModify":1729476685953,"author":{"id":"10000000000010920","authorId":"10000000000010920","name":"SmartReversals","avatar":"https://community-static.tradeup.com/news/079995488356aff47d9fe17aa3389ce9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"10000000000010920","idStr":"10000000000010920"},"themes":[],"title":"$PLTR - Exhaustion Signals","htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> - Exhaustion Signals: Reversal candles like dojis or shooting stars crossing or at the higher Bollinger band have been followed by a pullback. The setup strengthens with RSI above or close to 70. The latest weekly candle is a hanging man overbought relative to the bands and RSI. Previously 20 weekly average has been the deepest support, in mild cases the 10MA. Like if interested in the monthly setup💚 <a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> <a href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a> <a href=\"https://ttm.financial/S/.SPX\">$.SPX(.SPX)$</a> Image","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> - Exhaustion Signals: Reversal candles like dojis or shooting stars crossing or at the higher Bollinger band have been followed by a pullback. The setup strengthens with RSI above or close to 70. The latest weekly candle is a hanging man overbought relative to the bands and RSI. Previously 20 weekly average has been the deepest support, in mild cases the 10MA. Like if interested in the monthly setup💚 <a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> <a href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a> <a href=\"https://ttm.financial/S/.SPX\">$.SPX(.SPX)$</a> Image","text":"$Palantir Technologies Inc.(PLTR)$ - Exhaustion Signals: Reversal candles like dojis or shooting stars crossing or at the higher Bollinger band have been followed by a pullback. The setup strengthens with RSI above or close to 70. The latest weekly candle is a hanging man overbought relative to the bands and RSI. Previously 20 weekly average has been the deepest support, in mild cases the 10MA. Like if interested in the monthly setup💚 $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $.SPX(.SPX)$ Image","images":[{"img":"https://community-static.tradeup.com/news/abc2b2af35d7c56e4593808722f1e8f1","width":"680","height":"454"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362266416889936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362458105635024,"gmtCreate":1729526665666,"gmtModify":1729526667718,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362458105635024","repostId":"362190235009024","repostType":1,"repost":{"id":362190235009024,"gmtCreate":1729445305418,"gmtModify":1729503343033,"author":{"id":"4171900329979952","authorId":"4171900329979952","name":"Barcode","avatar":"https://community-static.tradeup.com/news/6688d8fb4c2a255e3b901e79755e56df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4171900329979952","idStr":"4171900329979952"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> <a href=\"https://ttm.financial/FUT/BTCmain\">$CME Bitcoin - main 2410(BTCmain)$</a> <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> 🔺🅱️🆄🅻🅻🅸🆂🅷🔺 🎯📈🎯 Sizzling Sector Surge: What’s Fuelling the S&amp;P 500’s 2024 Boom?&nbsp;🚀💼📊 Trump’s Election Gambit: Will Financials Catch Up to Tech and Topple 2024’s S&amp;P Giants? 📊💼🚀🎯📈🎯 Market performance by S&amp;P 500 sector so far in 2024: 1 Technology +31.2%🟢 2 Utilities +26.2%🟢 3 Financial +24.6%🟢 4 Comm Services +22.1%🟢 5 Industrials +17.8%🟢 6 Consumer Defensive +15.2%🟢 7 Healthcare +12.3%🟢 8 Real Estate +10.4%🟢 9 Consumer Cyclical +10.4%🟢 10 Basic Materials +7.5%🟢 11 Energy +5.5%🟢 Kia ora Tiger traders! The","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> <a href=\"https://ttm.financial/FUT/BTCmain\">$CME Bitcoin - main 2410(BTCmain)$</a> <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> 🔺🅱️🆄🅻🅻🅸🆂🅷🔺 🎯📈🎯 Sizzling Sector Surge: What’s Fuelling the S&amp;P 500’s 2024 Boom?&nbsp;🚀💼📊 Trump’s Election Gambit: Will Financials Catch Up to Tech and Topple 2024’s S&amp;P Giants? 📊💼🚀🎯📈🎯 Market performance by S&amp;P 500 sector so far in 2024: 1 Technology +31.2%🟢 2 Utilities +26.2%🟢 3 Financial +24.6%🟢 4 Comm Services +22.1%🟢 5 Industrials +17.8%🟢 6 Consumer Defensive +15.2%🟢 7 Healthcare +12.3%🟢 8 Real Estate +10.4%🟢 9 Consumer Cyclical +10.4%🟢 10 Basic Materials +7.5%🟢 11 Energy +5.5%🟢 Kia ora Tiger traders! The","text":"$NVIDIA Corp(NVDA)$ $Apple(AAPL)$ $CME Bitcoin - main 2410(BTCmain)$ $Coinbase Global, Inc.(COIN)$ 🔺🅱️🆄🅻🅻🅸🆂🅷🔺 🎯📈🎯 Sizzling Sector Surge: What’s Fuelling the S&P 500’s 2024 Boom? 🚀💼📊 Trump’s Election Gambit: Will Financials Catch Up to Tech and Topple 2024’s S&P Giants? 📊💼🚀🎯📈🎯 Market performance by S&P 500 sector so far in 2024: 1 Technology +31.2%🟢 2 Utilities +26.2%🟢 3 Financial +24.6%🟢 4 Comm Services +22.1%🟢 5 Industrials +17.8%🟢 6 Consumer Defensive +15.2%🟢 7 Healthcare +12.3%🟢 8 Real Estate +10.4%🟢 9 Consumer Cyclical +10.4%🟢 10 Basic Materials +7.5%🟢 11 Energy +5.5%🟢 Kia ora Tiger traders! The","images":[{"img":"https://community-static.tradeup.com/news/98c2ada8baa581742f546377464c7227","width":"2048","height":"1249"},{"img":"https://community-static.tradeup.com/news/4d8d3723523926f5cf48fe7e9166c50f","width":"1152","height":"864"},{"img":"https://community-static.tradeup.com/news/ee00039dacdd5583622a88e8cfeb0597","width":"2082","height":"1482"}],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362190235009024","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362417956376696,"gmtCreate":1729500906279,"gmtModify":1729500908445,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362417956376696","repostId":"362160166903960","repostType":1,"repost":{"id":362160166903960,"gmtCreate":1729437883527,"gmtModify":1729437889624,"author":{"id":"3563842318594455","authorId":"3563842318594455","name":"Pinkspider","avatar":"https://community-static.tradeup.com/news/2643891549304031c32c05b207f0f2b6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563842318594455","idStr":"3563842318594455"},"themes":[],"htmlText":"Why would anybody buy $PLTR now? Get over with “$1 trillion company” fuss. Palantir is great but it needs $100 bn revenue and 10x sales multiple to become $1 trillion company. It is now trading at 40 times sales at $2.5 bn revenue. Why would you buy that? Seriously?","listText":"Why would anybody buy $PLTR now? Get over with “$1 trillion company” fuss. Palantir is great but it needs $100 bn revenue and 10x sales multiple to become $1 trillion company. It is now trading at 40 times sales at $2.5 bn revenue. Why would you buy that? Seriously?","text":"Why would anybody buy $PLTR now? Get over with “$1 trillion company” fuss. Palantir is great but it needs $100 bn revenue and 10x sales multiple to become $1 trillion company. It is now trading at 40 times sales at $2.5 bn revenue. Why would you buy that? Seriously?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362160166903960","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362362498838696,"gmtCreate":1729500884927,"gmtModify":1729500888422,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362362498838696","repostId":"362309723676984","repostType":1,"repost":{"id":362309723676984,"gmtCreate":1729488002181,"gmtModify":1729520402169,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a><v-v data-views=\"1\"></v-v> if tsmc is only making 5 nm chips and Xiaomi is able to make&nbsp;3 nm chips, what does it mean? TSMC is at 1 trillion USD market cap. I am more and more bullish on Xiaomi if this news is true&nbsp;<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a><v-v data-views=\"1\"></v-v> if tsmc is only making 5 nm chips and Xiaomi is able to make&nbsp;3 nm chips, what does it mean? TSMC is at 1 trillion USD market cap. I am more and more bullish on Xiaomi if this news is true&nbsp;<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp;","text":"$Taiwan Semiconductor Manufacturing(TSM)$ $XIAOMI-W(01810)$ if tsmc is only making 5 nm chips and Xiaomi is able to make 3 nm chips, what does it mean? TSMC is at 1 trillion USD market cap. I am more and more bullish on Xiaomi if this news is true $Tiger Brokers(TIGR)$ $Alibaba(BABA)$ $NVIDIA Corp(NVDA)$","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362309723676984","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358047751909448,"gmtCreate":1728434417829,"gmtModify":1728434420001,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358047751909448","repostId":"357794346688840","repostType":1,"repost":{"id":357794346688840,"gmtCreate":1728388919292,"gmtModify":1728395042931,"author":{"id":"4102417778602010","authorId":"4102417778602010","name":"Vincent Seng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102417778602010","idStr":"4102417778602010"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; (I 'm not rich, and i very confident to be a millionare by this year) = (China market have many problem and they tell u they are very confident to hit 5% grow this year. ) (I'm not going to tell u how to achieve. ) Do u believe what i say?","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; (I 'm not rich, and i very confident to be a millionare by this year) = (China market have many problem and they tell u they are very confident to hit 5% grow this year. ) (I'm not going to tell u how to achieve. ) Do u believe what i say?","text":"$Alibaba(BABA)$ (I 'm not rich, and i very confident to be a millionare by this year) = (China market have many problem and they tell u they are very confident to hit 5% grow this year. ) (I'm not going to tell u how to achieve. ) Do u believe what i say?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357794346688840","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358048087392368,"gmtCreate":1728434405029,"gmtModify":1728434408649,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358048087392368","repostId":"357622587592776","repostType":1,"repost":{"id":357622587592776,"gmtCreate":1728319771505,"gmtModify":1728402002050,"author":{"id":"3574136058061437","authorId":"3574136058061437","name":"InverseCramer","avatar":"https://static.tigerbbs.com/fc405e9f366cb34e826787dc45d36977","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3574136058061437","idStr":"3574136058061437"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/NVDA 20251219 120.0 CALL\">$NVDA 20251219 120.0 CALL$</a>&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> thank you Mr Jensen Huang. expect NVDA to rise even more during the AI conference. please put on&nbsp;your Cool leather jacket and repeat the words \"AI\", \"Blackwell\", \"insane demand\". 🚀 🌙&nbsp;","listText":"<a href=\"https://ttm.financial/OPT/NVDA 20251219 120.0 CALL\">$NVDA 20251219 120.0 CALL$</a>&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> thank you Mr Jensen Huang. expect NVDA to rise even more during the AI conference. please put on&nbsp;your Cool leather jacket and repeat the words \"AI\", \"Blackwell\", \"insane demand\". 🚀 🌙&nbsp;","text":"$NVDA 20251219 120.0 CALL$ $NVIDIA Corp(NVDA)$ thank you Mr Jensen Huang. expect NVDA to rise even more during the AI conference. please put on your Cool leather jacket and repeat the words \"AI\", \"Blackwell\", \"insane demand\". 🚀 🌙","images":[{"img":"https://community-static.tradeup.com/news/914044e93518d62ffe92fd972d9570a8","width":"618","height":"1026"},{"img":"https://community-static.tradeup.com/news/449dbce880cceffccf5d8eaa2ce779d6","width":"309","height":"533"},{"img":"https://community-static.tradeup.com/news/270b1289f777fa6cf7b8dd953d8b3d57","width":"309","height":"533"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357622587592776","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355302219604128,"gmtCreate":1727753283688,"gmtModify":1727753286588,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"💪🏼","listText":"💪🏼","text":"💪🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355302219604128","repostId":"1101392753","repostType":2,"repost":{"id":"1101392753","kind":"news","pubTimestamp":1727752491,"share":"https://ttm.financial/m/news/1101392753?lang=&edition=fundamental","pubTime":"2024-10-01 11:14","market":"us","language":"en","title":"Taiwan Semiconductor: Our Preferred Way To Gain Exposure To AI Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1101392753","media":"Seeking Alpha","summary":"SummaryTaiwan Semiconductor boasts a massive competitive moat due to its leadership in advanced chip manufacturing, strong customer relationships, and scale-driven R&D efficiency, making it a critical","content":"<html><head></head><body><h2 id=\"id_2995689148\" style=\"text-align: left;\">Summary</h2><ul style=\"\"><li><p>Taiwan Semiconductor boasts a massive competitive moat due to its leadership in advanced chip manufacturing, strong customer relationships, and scale-driven R&amp;D efficiency, making it a critical player in artificial intelligence.</p></li><li><p>Despite its dominance, TSMC faces risks from potential overcapacity, geopolitical tensions, and competition from Samsung and Intel, which motivated Warren Buffett&#39;s decision to sell his stake in the company.</p></li><li><p>TSM&#39;s fortress balance sheet and sustainability practices further solidify its position, even as it faces competition from competitors such as Samsung and Intel.</p></li><li><p>Despite its dominance, TSMC faces risks from potential overcapacity and geopolitical tensions, which motivated Warren Buffett&#39;s decision to sell Berkshire Hathaway&#39;s stake in the company.</p></li></ul><blockquote><p>If you gave me $100 billion and said, &#39;Take away Coca-Cola&#39;s leadership in the global soft drink market,&#39; I&#39;d give it back and say it cannot be done. - Warren Buffett</p></blockquote><p style=\"text-align: left;\">We often talk about competitive moats and some of the financial indicators that reflect when a company possesses strong competitive advantages. These include abnormally high profit margins and returns on invested capital, market share gains, and high levels of efficiency and innovation. Perhaps a simpler test is the one proposed by Berkshire Hathaway&#39;s CEO Warren Buffet, and asks if you could displace a company from its leadership position with enough money. He famously said that if someone gave him a hundred billion dollars to displace The Coca-Cola (KO) company as the global soft drinks leader, he would give the money back because he does not think it could be done.</p><p style=\"text-align: left;\">Even though competitors like PepsiCo (PEP) spent billions on marketing, as far as we know nobody has really tried to significantly outspend The Coca-Cola company to the degree Buffett referenced. However, the Chinese state is spending about a hundred billion dollars trying to dominate chip manufacturing, without making much of a dent to Taiwan Semiconductor&#39;s competitive moat so far. Their &#34;Big Fund&#34; semiconductor investing initiative was started in 2014, with approximately $19.5 billion dollars, then in 2019 they added another roughly $28.7 billion dollars, and recently they announced that $47.5 billion dollars would be budgeted for &#34;Big Fund III&#34;. This brings the total to $95.7 billion dollars in investments for their local semiconductor sector from the public sector.</p><p style=\"text-align: left;\">Still, even TikTok owner ByteDance, arguably one of China&#39;s most successful technology companies, is planning on manufacturing its own AI chips with the help of TSM. Another technology company that will have Taiwan Semiconductor manufacture their custom AI chips is Tesla (TSLA) with their D1 chip.</p><h2 id=\"id_2160188121\" style=\"text-align: left;\">Massive Competitive Moat</h2><p style=\"text-align: left;\">Taiwan Semiconductor has one of the strongest competitive moats we have ever seen in a company. Quantitatively, this is reflected in its 10-year median operating margin, which exceeds that of all &#34;Magnificent Seven&#34; companies, even if recently NVIDIA (NVDA) and Microsoft (MSFT) have delivered higher operating margins in recent quarters, but it remains to be seen if they can sustain them for a long period of time like TSM has been able to do. In fact, TSM&#39;s competitive moat is so strong that some have suggested it not only protects its profitability, but Taiwan itself. Some refer to Taiwan Semiconductor as Taiwan’s “Silicon Shield”, protecting it from a potential invasion. According to the Unites States Institue for Peace, roughly 90 percent of the world’s most advanced computer chips are made in Taiwan, mostly by Taiwan Semiconductor, and even China has a strong incentive to avoid disrupting the global technology supply chain.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4a7372d800eda5e57db529b29cad378e\" alt=\"Chart\" title=\"Chart\" tg-width=\"635\" tg-height=\"541\"/><span>Chart</span></p><p>Data by YCharts</p><p style=\"text-align: left;\">We don&#39;t think any one factor is responsible for such a strong moat, but rather a combination of them, or what the late Charlie Munger would describe as the &#34;Lollapalooza effect&#34;, which is when several factors team up to create a huge impact. In Taiwan Semiconductor&#39;s case we find, for example, scale advantages which allow the company to spend more on R&amp;D in absolute terms, but less as a percentage of revenue. The company also leads in technology, being the leader in advanced node chip production, and has a culture of manufacturing excellence. Taiwan Semiconductor also benefits from enormous customer goodwill, as it focuses only on chip manufacturing, taking away the risk that the company might use customer IP to compete with them. In fact, it does the opposite, creating an ecosystem where IP is shared, including that of chip design tool developers such as Cadence Systems (CDNS) and Synopsis (SNPS). Finally, Taiwan Semiconductor has an advantage when buying and fine-tuning chip making tools. As the largest customer for many of these companies, it can negotiate better prices, and because it produces such massive volumes it has gotten extremely good at fine-tuning them. For example, ASML (ASML) makes key lithography equipment and, at times, TSM has represented almost half of ASML&#39;s revenue. These are complex machines where optimizing for high throughput and yield takes time and effort. This means TSM has significant trade secrets over how to fine-tune these expensive machines, as well as other advanced equipment from the likes of KLA Corporation (KLAC), Tokyo Electron (OTCPK:TOELY), Applied Materials (AMAT), Lam Research (LRCX), and other suppliers of advanced chip manufacturing and inspection equipment.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4a7372d800eda5e57db529b29cad378e\" alt=\"Chart\" title=\"Chart\" tg-width=\"635\" tg-height=\"541\"/><span>Chart</span></p><h2 id=\"id_1268313865\" style=\"text-align: left;\">Buffett&#39;s Selling Mistake</h2><p style=\"text-align: left;\">We have been optimistic about Taiwan Semiconductor&#39;s prospects for some time, and felt validated when Buffett decided to invest billions in TSM shares. This appeared like a your classic Buffett investment in a company strengthening its competitive moat, taking market share, growing revenue and profit rapidly, and at a very attractive valuation. Unfortunately for Berkshire Hathaway shareholders he then got nervous about the geopolitical risks and quickly sold the investment. Still, when asked about it at the annual Berkshire Hathaway shareholders&#39; meeting he admitted that Taiwan Semiconductor is one of the world&#39;s most important companies, and likely will remain so for the foreseeable future. He added that he had a problem with the &#34;location&#34;. This meant that the company left billions of dollars in potential profits on the table, with shares outperforming the S&amp;P 500 Index (SPY) by roughly threefold since then.</p><blockquote><p>“Taiwan Semiconductor is one of the best managed and most important companies in the world, and you’ll be able to say the same thing five, 10, or 20 years from now,” Buffett said. “I don’t like its location.”</p></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bf9afda97b32b7b580a8c470cd5545fd\" alt=\"TSM Rating\" title=\"TSM Rating\" tg-width=\"259\" tg-height=\"347\"/><span>TSM Rating</span></p><p style=\"text-align: left;\"><strong>Seeking Alpha</strong></p><h2 id=\"id_2103417195\" style=\"text-align: left;\">Second Quarter Results</h2><p style=\"text-align: left;\">Taiwan Semiconductor&#39;s second quarter shows to what degree the company is benefiting from growth in AI applications. While several end-markets showed disappointing growth, including smartphones with -1% year-over-year growth, high-performance computing more than made for it with +28% growth. High-performance computing is a proxy for AI and data center chips, and during the second quarter of FY2024 it represented more than half of revenue for Taiwan Semiconductor at 52%.</p><p style=\"text-align: left;\">If an investor has any doubts that Taiwan Semiconductor is no ordinary company, all she has to do is take a quick look at the income statement. The number of companies with an operating margin in the 40&#39;s, and net profit margin (after taxes) in the 30&#39;s, and with revenues in the billions of dollars, is limited to a handful of companies. The return on equity is also quite impressive at ~26%, despite how capital intensive chip manufacturing can be.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0b2a529d49c831217423e508d7b49e3d\" alt=\"TSMC Q2 Financial Results\" title=\"TSMC Q2 Financial Results\" tg-width=\"640\" tg-height=\"334\"/><span>TSMC Q2 Financial Results</span></p><p style=\"text-align: left;\"><strong>TSMC Investor Presentation</strong></p><h2 id=\"id_187871355\" style=\"text-align: left;\">Fortress Balance Sheet</h2><p style=\"text-align: left;\">In large parts thanks to the high profitability and free cash flow generation, Taiwan Semiconductor has been able to maintain a fortress balance sheet while investing tens of billions in new manufacturing capacity around the world. In fact, the company has more than twice the amount of long-term interest-bearing debt in cash and short-term investments.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/efe37bac9eab113df84831170eee6af8\" alt=\"TSMC Q2 Balance Sheet\" title=\"TSMC Q2 Balance Sheet\" tg-width=\"640\" tg-height=\"394\"/><span>TSMC Q2 Balance Sheet</span></p><p style=\"text-align: left;\"><strong>TSMC Investor Presentation</strong></p><p style=\"text-align: left;\">Unsurprisingly, Taiwan Semiconductor benefits from very strong investment grade credit ratings, by both S&amp;P Global (SPGI) and Moody&#39;s (MCO).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7e3ae0dffee1b688366ad374a4784f93\" alt=\"TSMC Credit Rating\" title=\"TSMC Credit Rating\" tg-width=\"640\" tg-height=\"155\"/><span>TSMC Credit Rating</span></p><p style=\"text-align: left;\"><strong>TSMC Investor Presentation</strong></p><h2 id=\"id_634820775\" style=\"text-align: left;\">Competitors</h2><p style=\"text-align: left;\">While Taiwan Semiconductor appears to be operating in a league of its own, it still has a few competitors left that remain committed to pursuing leading-edge chip manufacturing. The closest peer is probably Samsung Electronics (OTCPK:SSNLF), followed by Intel (INTC). Still, it is clear that Taiwan Semiconductor is gaining market share, as its revenue growth has been significantly higher compared to these two competitors.</p><p style=\"text-align: left;\">Taiwan Semiconductor has been gaining share directly as a foundry, and indirectly as some of its customers have gained market share. These include customers like AMD (AMD) and NVIDIA that have been taking market share from Intel. A good example being the lost contract by Intel to manufacture chips for the PlayStation 6 to AMD, and manufactured by Taiwan Semiconductor.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9d3e56238ee49977a69f95c52c8daff5\" alt=\"Chart\" title=\"Chart\" tg-width=\"635\" tg-height=\"639\"/><span>Chart</span></p><p>Data by YCharts</p><h2 id=\"id_2061554343\" style=\"text-align: left;\">Sustainability</h2><p style=\"text-align: left;\">Taiwan Semiconductor&#39;s impressive operations extend to its sustainability practices. The company has been part of the Dow Jones Sustainability Indices for more than two decades and has low sustainability risk according to Morningstar&#39;s (MORN) Sustainalytics. The company is also a member of the FTSE4Good Emerging Index/All-World Index and was awarded the ISS ESG&#39;s “Prime” status.</p><h2 id=\"id_736033513\" style=\"text-align: left;\">Valuation</h2><p style=\"text-align: left;\">We have mixed feelings with respect to Taiwan Semiconductor&#39;s valuation. On the one hand it is currently clearly above its historical average. On the other hand, the company has clearly widened its competitive advantage and growth from artificial intelligence chip demand is providing a strong tailwind that could last for several years.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ee6f30ea6d3c8fe4ea1616fbad712d57\" alt=\"Chart\" title=\"Chart\" tg-width=\"635\" tg-height=\"439\"/><span>Chart</span></p><p>Data by YCharts</p><p style=\"text-align: left;\">Still, if we compare the company on an EV/EBITDA basis to the &#34;Magnificent Seven&#34;, Taiwan Semiconductor is the one with the lowest valuation multiple. This is one of the reasons why it is out preferred way to gain exposure to growth from AI.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/22ebf087391b0d9f0cc4b3279cd49749\" alt=\"Chart\" title=\"Chart\" tg-width=\"635\" tg-height=\"541\"/><span>Chart</span></p><p>Data by YCharts</p><p style=\"text-align: left;\">Based on our estimated future earnings we calculate a net present value of $183 per share, which is very close to where the company is currently trading. We therefore see Taiwan Semiconductor as fairly valued at the moment. We use a 10% discount rate as it is the minimum return we aim for when investing in stocks, and for the terminal growth rate we believe something around 3.5% to be appropriate, as we believe the semiconductor industry will continue outpacing global GDP for a long time. For comparison, our fair value estimate for NVIDIA, arguably the Magnificent Seven company with the most exposure to AI growth, is about $78, which would imply an overvaluation of more than 50%. We have to lower the discount rate to 5% to get close to NVIDIA&#39;s current share price.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/66d79ba2c94316b8106f4848d2c1b9b4\" tg-width=\"610\" tg-height=\"726\"/></p><h2 id=\"id_1565598544\" style=\"text-align: left;\">Risks</h2><p style=\"text-align: left;\">There are many risks that should be taken in consideration when evaluating Taiwan Semiconductor. These include the risk that competitors like Samsung and Intel, or some of the Chinese fabs, might catch up with the company in terms of leading-edge chip manufacturing. There is also customer concentration risk, with Apple believed to represent a very significant percentage of Taiwan Semiconductor&#39;s revenue.</p><p style=\"text-align: left;\">Then there is the geopolitical risk that motivated Buffett to sell shortly after investing in the company. This is a difficult to quantify risk, but it would certainly impact other companies that operate with a fab-less business model and depend on Taiwan Semiconductor for the production of their chips, such as AMD and NVIDIA.</p><p style=\"text-align: left;\">Finally, we see some overcapacity risk in the coming years as countries around the world, from the U.S. to Germany and Japan have incentivized new local chip fabs to reduce external dependency. While this can be good for the national security of countries, it also risks causing manufacturing overcapacity. Taiwan Semiconductor has also agreed to build new fabs in Germany, Japan and Arizona, even though it is believed that operating costs will be significantly higher at these locations.</p><h2 id=\"id_1741519988\" style=\"text-align: left;\">Conclusion</h2><p style=\"text-align: left;\">Taiwan Semiconductor continues to deliver impressive financial results, both in terms of revenue growth and profits. A main driver in recent quarters has been the growth in artificial intelligence chip demand, with customers such as AMD and NVIDIA rapidly growing their high-performance computing revenues. Despite its impressive performance, Taiwan Semiconductor is trading at a lower EV/EBITDA multiple compared to the &#34;Magnificent Seven&#34;. This is one of the main reasons that it is our preferred way to gain exposure to AI growth, even if the company is currently trading above its own historical valuation multiples. We currently see Taiwan Semiconductor as fairly valued.</p><p style=\"text-align: left;\">Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Taiwan Semiconductor: Our Preferred Way To Gain Exposure To AI Growth</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\">\nTaiwan Semiconductor: Our Preferred Way To Gain Exposure To AI Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-01 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4724169-taiwan-semiconductor-our-preferred-way-to-gain-exposure-to-ai-growth><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTaiwan Semiconductor boasts a massive competitive moat due to its leadership in advanced chip manufacturing, strong customer relationships, and scale-driven R&D efficiency, making it a critical...</p>\n\n<a href=\"https://seekingalpha.com/article/4724169-taiwan-semiconductor-our-preferred-way-to-gain-exposure-to-ai-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://seekingalpha.com/article/4724169-taiwan-semiconductor-our-preferred-way-to-gain-exposure-to-ai-growth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1101392753","content_text":"SummaryTaiwan Semiconductor boasts a massive competitive moat due to its leadership in advanced chip manufacturing, strong customer relationships, and scale-driven R&D efficiency, making it a critical player in artificial intelligence.Despite its dominance, TSMC faces risks from potential overcapacity, geopolitical tensions, and competition from Samsung and Intel, which motivated Warren Buffett's decision to sell his stake in the company.TSM's fortress balance sheet and sustainability practices further solidify its position, even as it faces competition from competitors such as Samsung and Intel.Despite its dominance, TSMC faces risks from potential overcapacity and geopolitical tensions, which motivated Warren Buffett's decision to sell Berkshire Hathaway's stake in the company.If you gave me $100 billion and said, 'Take away Coca-Cola's leadership in the global soft drink market,' I'd give it back and say it cannot be done. - Warren BuffettWe often talk about competitive moats and some of the financial indicators that reflect when a company possesses strong competitive advantages. These include abnormally high profit margins and returns on invested capital, market share gains, and high levels of efficiency and innovation. Perhaps a simpler test is the one proposed by Berkshire Hathaway's CEO Warren Buffet, and asks if you could displace a company from its leadership position with enough money. He famously said that if someone gave him a hundred billion dollars to displace The Coca-Cola (KO) company as the global soft drinks leader, he would give the money back because he does not think it could be done.Even though competitors like PepsiCo (PEP) spent billions on marketing, as far as we know nobody has really tried to significantly outspend The Coca-Cola company to the degree Buffett referenced. However, the Chinese state is spending about a hundred billion dollars trying to dominate chip manufacturing, without making much of a dent to Taiwan Semiconductor's competitive moat so far. Their \"Big Fund\" semiconductor investing initiative was started in 2014, with approximately $19.5 billion dollars, then in 2019 they added another roughly $28.7 billion dollars, and recently they announced that $47.5 billion dollars would be budgeted for \"Big Fund III\". This brings the total to $95.7 billion dollars in investments for their local semiconductor sector from the public sector.Still, even TikTok owner ByteDance, arguably one of China's most successful technology companies, is planning on manufacturing its own AI chips with the help of TSM. Another technology company that will have Taiwan Semiconductor manufacture their custom AI chips is Tesla (TSLA) with their D1 chip.Massive Competitive MoatTaiwan Semiconductor has one of the strongest competitive moats we have ever seen in a company. Quantitatively, this is reflected in its 10-year median operating margin, which exceeds that of all \"Magnificent Seven\" companies, even if recently NVIDIA (NVDA) and Microsoft (MSFT) have delivered higher operating margins in recent quarters, but it remains to be seen if they can sustain them for a long period of time like TSM has been able to do. In fact, TSM's competitive moat is so strong that some have suggested it not only protects its profitability, but Taiwan itself. Some refer to Taiwan Semiconductor as Taiwan’s “Silicon Shield”, protecting it from a potential invasion. According to the Unites States Institue for Peace, roughly 90 percent of the world’s most advanced computer chips are made in Taiwan, mostly by Taiwan Semiconductor, and even China has a strong incentive to avoid disrupting the global technology supply chain.ChartData by YChartsWe don't think any one factor is responsible for such a strong moat, but rather a combination of them, or what the late Charlie Munger would describe as the \"Lollapalooza effect\", which is when several factors team up to create a huge impact. In Taiwan Semiconductor's case we find, for example, scale advantages which allow the company to spend more on R&D in absolute terms, but less as a percentage of revenue. The company also leads in technology, being the leader in advanced node chip production, and has a culture of manufacturing excellence. Taiwan Semiconductor also benefits from enormous customer goodwill, as it focuses only on chip manufacturing, taking away the risk that the company might use customer IP to compete with them. In fact, it does the opposite, creating an ecosystem where IP is shared, including that of chip design tool developers such as Cadence Systems (CDNS) and Synopsis (SNPS). Finally, Taiwan Semiconductor has an advantage when buying and fine-tuning chip making tools. As the largest customer for many of these companies, it can negotiate better prices, and because it produces such massive volumes it has gotten extremely good at fine-tuning them. For example, ASML (ASML) makes key lithography equipment and, at times, TSM has represented almost half of ASML's revenue. These are complex machines where optimizing for high throughput and yield takes time and effort. This means TSM has significant trade secrets over how to fine-tune these expensive machines, as well as other advanced equipment from the likes of KLA Corporation (KLAC), Tokyo Electron (OTCPK:TOELY), Applied Materials (AMAT), Lam Research (LRCX), and other suppliers of advanced chip manufacturing and inspection equipment.ChartBuffett's Selling MistakeWe have been optimistic about Taiwan Semiconductor's prospects for some time, and felt validated when Buffett decided to invest billions in TSM shares. This appeared like a your classic Buffett investment in a company strengthening its competitive moat, taking market share, growing revenue and profit rapidly, and at a very attractive valuation. Unfortunately for Berkshire Hathaway shareholders he then got nervous about the geopolitical risks and quickly sold the investment. Still, when asked about it at the annual Berkshire Hathaway shareholders' meeting he admitted that Taiwan Semiconductor is one of the world's most important companies, and likely will remain so for the foreseeable future. He added that he had a problem with the \"location\". This meant that the company left billions of dollars in potential profits on the table, with shares outperforming the S&P 500 Index (SPY) by roughly threefold since then.“Taiwan Semiconductor is one of the best managed and most important companies in the world, and you’ll be able to say the same thing five, 10, or 20 years from now,” Buffett said. “I don’t like its location.”TSM RatingSeeking AlphaSecond Quarter ResultsTaiwan Semiconductor's second quarter shows to what degree the company is benefiting from growth in AI applications. While several end-markets showed disappointing growth, including smartphones with -1% year-over-year growth, high-performance computing more than made for it with +28% growth. High-performance computing is a proxy for AI and data center chips, and during the second quarter of FY2024 it represented more than half of revenue for Taiwan Semiconductor at 52%.If an investor has any doubts that Taiwan Semiconductor is no ordinary company, all she has to do is take a quick look at the income statement. The number of companies with an operating margin in the 40's, and net profit margin (after taxes) in the 30's, and with revenues in the billions of dollars, is limited to a handful of companies. The return on equity is also quite impressive at ~26%, despite how capital intensive chip manufacturing can be.TSMC Q2 Financial ResultsTSMC Investor PresentationFortress Balance SheetIn large parts thanks to the high profitability and free cash flow generation, Taiwan Semiconductor has been able to maintain a fortress balance sheet while investing tens of billions in new manufacturing capacity around the world. In fact, the company has more than twice the amount of long-term interest-bearing debt in cash and short-term investments.TSMC Q2 Balance SheetTSMC Investor PresentationUnsurprisingly, Taiwan Semiconductor benefits from very strong investment grade credit ratings, by both S&P Global (SPGI) and Moody's (MCO).TSMC Credit RatingTSMC Investor PresentationCompetitorsWhile Taiwan Semiconductor appears to be operating in a league of its own, it still has a few competitors left that remain committed to pursuing leading-edge chip manufacturing. The closest peer is probably Samsung Electronics (OTCPK:SSNLF), followed by Intel (INTC). Still, it is clear that Taiwan Semiconductor is gaining market share, as its revenue growth has been significantly higher compared to these two competitors.Taiwan Semiconductor has been gaining share directly as a foundry, and indirectly as some of its customers have gained market share. These include customers like AMD (AMD) and NVIDIA that have been taking market share from Intel. A good example being the lost contract by Intel to manufacture chips for the PlayStation 6 to AMD, and manufactured by Taiwan Semiconductor.ChartData by YChartsSustainabilityTaiwan Semiconductor's impressive operations extend to its sustainability practices. The company has been part of the Dow Jones Sustainability Indices for more than two decades and has low sustainability risk according to Morningstar's (MORN) Sustainalytics. The company is also a member of the FTSE4Good Emerging Index/All-World Index and was awarded the ISS ESG's “Prime” status.ValuationWe have mixed feelings with respect to Taiwan Semiconductor's valuation. On the one hand it is currently clearly above its historical average. On the other hand, the company has clearly widened its competitive advantage and growth from artificial intelligence chip demand is providing a strong tailwind that could last for several years.ChartData by YChartsStill, if we compare the company on an EV/EBITDA basis to the \"Magnificent Seven\", Taiwan Semiconductor is the one with the lowest valuation multiple. This is one of the reasons why it is out preferred way to gain exposure to growth from AI.ChartData by YChartsBased on our estimated future earnings we calculate a net present value of $183 per share, which is very close to where the company is currently trading. We therefore see Taiwan Semiconductor as fairly valued at the moment. We use a 10% discount rate as it is the minimum return we aim for when investing in stocks, and for the terminal growth rate we believe something around 3.5% to be appropriate, as we believe the semiconductor industry will continue outpacing global GDP for a long time. For comparison, our fair value estimate for NVIDIA, arguably the Magnificent Seven company with the most exposure to AI growth, is about $78, which would imply an overvaluation of more than 50%. We have to lower the discount rate to 5% to get close to NVIDIA's current share price.RisksThere are many risks that should be taken in consideration when evaluating Taiwan Semiconductor. These include the risk that competitors like Samsung and Intel, or some of the Chinese fabs, might catch up with the company in terms of leading-edge chip manufacturing. There is also customer concentration risk, with Apple believed to represent a very significant percentage of Taiwan Semiconductor's revenue.Then there is the geopolitical risk that motivated Buffett to sell shortly after investing in the company. This is a difficult to quantify risk, but it would certainly impact other companies that operate with a fab-less business model and depend on Taiwan Semiconductor for the production of their chips, such as AMD and NVIDIA.Finally, we see some overcapacity risk in the coming years as countries around the world, from the U.S. to Germany and Japan have incentivized new local chip fabs to reduce external dependency. While this can be good for the national security of countries, it also risks causing manufacturing overcapacity. Taiwan Semiconductor has also agreed to build new fabs in Germany, Japan and Arizona, even though it is believed that operating costs will be significantly higher at these locations.ConclusionTaiwan Semiconductor continues to deliver impressive financial results, both in terms of revenue growth and profits. A main driver in recent quarters has been the growth in artificial intelligence chip demand, with customers such as AMD and NVIDIA rapidly growing their high-performance computing revenues. Despite its impressive performance, Taiwan Semiconductor is trading at a lower EV/EBITDA multiple compared to the \"Magnificent Seven\". This is one of the main reasons that it is our preferred way to gain exposure to AI growth, even if the company is currently trading above its own historical valuation multiples. We currently see Taiwan Semiconductor as fairly valued.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355022768656568,"gmtCreate":1727684955007,"gmtModify":1727684959087,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355022768656568","repostId":"2470970017","repostType":2,"repost":{"id":"2470970017","kind":"highlight","pubTimestamp":1727514900,"share":"https://ttm.financial/m/news/2470970017?lang=&edition=fundamental","pubTime":"2024-09-28 17:15","market":"fut","language":"en","title":"Got $1,000? 2 Superior Growth Stocks to Buy and Hold Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2470970017","media":"Motley Fool","summary":"Eli Lilly and Lululemon operate in very different industries, but both are on promising trajectories.","content":"<html><body><ul>\n<li>\n<div>\n<svg fill=\"none\" height=\"15\" viewbox=\"0 0 14 15\" width=\"14\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M14 5.58984C14 2.91016 11.8398 0.75 9.16016 0.75C6.50781 0.777344 4.375 2.91016 4.375 5.5625C4.375 6.10938 4.45703 6.60156 4.59375 7.09375L0.191406 11.4961C0.0546875 11.6328 0 11.7969 0 11.9609V14.0938C0 14.4766 0.273438 14.75 0.65625 14.75H3.71875C4.07422 14.75 4.375 14.4766 4.375 14.0938V13H5.46875C5.82422 13 6.125 12.7266 6.125 12.3438V11.25H7.13672C7.30078 11.25 7.51953 11.168 7.62891 11.0312L8.28516 10.293C8.55859 10.3477 8.85938 10.375 9.1875 10.375C11.8398 10.375 14 8.24219 14 5.58984ZM9.1875 4.25C9.1875 3.53906 9.76172 2.9375 10.5 2.9375C11.2109 2.9375 11.8125 3.53906 11.8125 4.25C11.8125 4.98828 11.2109 5.5625 10.5 5.5625C9.76172 5.5625 9.1875 4.98828 9.1875 4.25Z\" fill=\"#FFB81C\"></path>\n</svg>\n</div>\n<div>Certain economic sectors tend to be more resilient in an uncertain macroeconomic climate.</div>\n</li>\n<li>\n<div>\n<svg fill=\"none\" height=\"15\" viewbox=\"0 0 14 15\" width=\"14\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M14 5.58984C14 2.91016 11.8398 0.75 9.16016 0.75C6.50781 0.777344 4.375 2.91016 4.375 5.5625C4.375 6.10938 4.45703 6.60156 4.59375 7.09375L0.191406 11.4961C0.0546875 11.6328 0 11.7969 0 11.9609V14.0938C0 14.4766 0.273438 14.75 0.65625 14.75H3.71875C4.07422 14.75 4.375 14.4766 4.375 14.0938V13H5.46875C5.82422 13 6.125 12.7266 6.125 12.3438V11.25H7.13672C7.30078 11.25 7.51953 11.168 7.62891 11.0312L8.28516 10.293C8.55859 10.3477 8.85938 10.375 9.1875 10.375C11.8398 10.375 14 8.24219 14 5.58984ZM9.1875 4.25C9.1875 3.53906 9.76172 2.9375 10.5 2.9375C11.2109 2.9375 11.8125 3.53906 11.8125 4.25C11.8125 4.98828 11.2109 5.5625 10.5 5.5625C9.76172 5.5625 9.1875 4.98828 9.1875 4.25Z\" fill=\"#FFB81C\"></path>\n</svg>\n</div>\n<div>Pharmaceutical giant Eli Lilly owns a portfolio of mainstay and emerging blockbuster drugs. </div>\n</li>\n<li>\n<div>\n<svg fill=\"none\" height=\"15\" viewbox=\"0 0 14 15\" width=\"14\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M14 5.58984C14 2.91016 11.8398 0.75 9.16016 0.75C6.50781 0.777344 4.375 2.91016 4.375 5.5625C4.375 6.10938 4.45703 6.60156 4.59375 7.09375L0.191406 11.4961C0.0546875 11.6328 0 11.7969 0 11.9609V14.0938C0 14.4766 0.273438 14.75 0.65625 14.75H3.71875C4.07422 14.75 4.375 14.4766 4.375 14.0938V13H5.46875C5.82422 13 6.125 12.7266 6.125 12.3438V11.25H7.13672C7.30078 11.25 7.51953 11.168 7.62891 11.0312L8.28516 10.293C8.55859 10.3477 8.85938 10.375 9.1875 10.375C11.8398 10.375 14 8.24219 14 5.58984ZM9.1875 4.25C9.1875 3.53906 9.76172 2.9375 10.5 2.9375C11.2109 2.9375 11.8125 3.53906 11.8125 4.25C11.8125 4.98828 11.2109 5.5625 10.5 5.5625C9.76172 5.5625 9.1875 4.98828 9.1875 4.25Z\" fill=\"#FFB81C\"></path>\n</svg>\n</div>\n<div>Lululemon faced some headwinds recently, but its financials look good and its current valuation presents a buying opportunity. </div>\n</li>\n</ul><div><p>In the stock market, ups and downs are inevitable. But long-term investors shouldn't get wrapped up in them. Instead of focusing on those short-term oscillations, these investors should put their cash into great businesses and focus on multiyear investing horizons.</p><p>By holding onto shares of fantastic companies for years or decades, and adding to your positions when you have more capital to deploy, you can generate healthy, sustainable portfolio growth. With that in mind, here are two superior growth stocks to consider if you have $1,000 in available cash that you're ready to invest right now.</p><h2>1. Eli Lilly</h2><p><strong>Eli Lilly </strong><span>(LLY<span> -3.47%</span>)</span> is one of the oldest names in the pharmaceutical industry, with a vast portfolio of drugs for indications ranging from oncology to immunology to weight management to neurology. It has had a banner year as the continued successes of its established treatments and the added tailwinds provided by newly approved products are driving its revenue and profits skyward. The stock is up by roughly 52% year to date, and up about 61% from one year ago.</p><p>Newer additions to its portfolio such as GLP-1 (glucagon-like peptide-1) drugs Zepbound (for weight management) and Mounjaro (for type 2 diabetes) are driving its growth story right now. So are mainstay products like cancer drug Verzenio, plaque psoriasis drug Taltz, and Jardiance, which is approved for multiple uses, including type 2 diabetes and and chronic kidney disease.</p><p>Earlier this year, Eli Lilly also earned a long-awaited regulatory approval for Kisunla, a treatment for early symptomatic Alzheimer's disease. Forecasts suggest the drug will have peak annual sales in the ballpark of $8 billion.</p><div><div><div></div></div></div><div><app :collapse_on_load=\"false\" :instrument_id=\"204336\" :show_benchmark_compare=\"true\" amount_change=\"-31.53\" average_volume=\"3,277,253\" company_name=\"Eli Lilly\" current_price=\"877.79\" daily_high=\"901.21\" daily_low=\"875.61\" default_period=\"OneYear\" dividend_yield=\"0.57%\" exchange=\"NYSE\" fifty_two_week_high=\"972.53\" fifty_two_week_low=\"516.57\" gross_margin=\"80.75\" logo=\"https://g.foolcdn.com/art/companylogos/mark/LLY.png\" market_cap=\"$834B\" pe_ratio=\"109.65\" percent_change=\"-3.47\" symbol=\"LLY\" volume=\"4,377,346\"></app></div><p>This month, the Food and Drug Administration also approved Eli Lilly's Ebglyss for patients 12 and older with moderate-to-severe atopic dermatitis. In new data released by Eli Lilly from two randomized, double-blind, placebo-controlled phase 3 trials testing the drug, it was found that Ebglyss controlled the disease for up to three years in more than 80% of adults and adolescents. According to an estimate from GlobalData, the drug could add $3.4 billion in annual revenue to Eli Lilly's top line by 2030. </p><p>In the second quarter of 2024, revenue increased 36% to $11.3 billion, while GAAP (generally accepted accounting principles) profits jumped by 68% from the year-ago period to just shy of $3 billion. Gross margin rose 40% to $9.1 billion. Management also raised the company's full-year revenue guidance by $3 billion, and now expects its top line to land in the ballpark of $45.4 billion to $46.6 billion. The high end of that range would equate to growth of 37%. </p><p>Eli Lilly is also a favorable choice for income investors, given that the company has a track record of regularly boosting its dividends. It has increased its payouts for 10 consecutive years, and while at the current share price, the $5.20 annual dividend yields less than 1%, the company maintains a payout ratio of approximately 60%. For dividend-seeking investors as well as those looking for a top healthcare stock, Eli Lilly looks like a compelling choice.</p><h2>2. Lululemon</h2><p><strong>Lululemon Athletica </strong><span>(LULU<span> 4.16%</span>)</span> stock is trading down roughly 45% since the start of this year, despite the continued demonstration of the company's resilience in a challenging environment for consumer spending. The retailer operates in a crowded space but remains a market leader in the athleisure niche.</p><div><div><div></div></div></div><p>Admittedly, its growth has slowed somewhat, partially a function of higher prices that have dampened consumers' appetite for spending. It recently saw weaker sales performance in the Americas, and customer response to its new line of Breezethrough leggings was so unfavorable that management rapidly pulled the line from stores. Management indicated that they plan to rerelease the Breezethrough fabric with revised clothing designs in the future. In the meantime, the company has plenty of its mainstay apparel products for both men and women driving sales growth. </p><p>Some of the challenges it's facing, such as the macroeconomic difficulties, can be viewed more as short-term headwinds. While Lululemon's recent product rollout was not what management had been hoping for, overall revenue is still on the upswing and the company remains profitable. Longtime Chief Product Officer Sun Choe departed the company in May, leading Lululemon to restructure the executive team in charge of product development and design. </p><div><app :collapse_on_load=\"false\" :instrument_id=\"216479\" :show_benchmark_compare=\"true\" amount_change=\"11.19\" average_volume=\"2,262,287\" company_name=\"Lululemon Athletica\" current_price=\"280.01\" daily_high=\"283.66\" daily_low=\"272.01\" default_period=\"OneYear\" dividend_yield=\"N/A\" exchange=\"NASDAQ\" fifty_two_week_high=\"516.39\" fifty_two_week_low=\"226.01\" gross_margin=\"58.52\" logo=\"https://g.foolcdn.com/art/companylogos/mark/LULU.png\" market_cap=\"$34B\" pe_ratio=\"21.64\" percent_change=\"4.16\" symbol=\"LULU\" volume=\"2,936,177\"></app></div><p>Rather than finding a single person to replace Choe, Lululemon put Global Creative Director Jonathan Cheung in charge of design, innovation, and product development, and named Chief Brand Officer Nikki Neuburger as the new head of merchandising, footwear, and product operations. Lululemon also remains firm that it is on track to reach the milestones set in its Power of Three x2 growth strategy, among them a goal for the company to grow its revenue to $12.5 billion by 2026. </p><p>In the first half of 2024, Lululemon reported net revenue of $4.6 billion, up 9% from the first half of 2023. The company also reported net income of $714.3 million in that period, a 13% year-over-year increase. In the second quarter, net revenue rose 7% to $2.4 billion, while comparable sales rose 3% on a constant dollar basis. </p><div><div><div></div></div></div><p>Even though comparable sales in its Americas region declined by 3% from the year-ago period (2% on a constant-currency basis), international sales rose by a mouth-watering 19% (22% on a constant-currency basis). Gross profit rose by 9% while gross margin rose by 80 basis points to just shy of 60%. Meanwhile, the company ended the period with approximately $1.6 billion in cash and cash equivalents on hand, having generated net cash from operations of about $571 million in the first six months of the year. </p><p>While the stock is trading about 45% below its 52-week high, the company's balance sheet still looks to be in solid shape, and its growth prospects have far from evaporated. While its industry is competitive and fragmented, Lululemon has the footprint to continue expanding even as new rivals draw market share. Its discounted valuation could make it a tempting buy for more risk-tolerant investors.</p><div></div></div></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Got $1,000? 2 Superior Growth Stocks to Buy and Hold Forever</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\">\nGot $1,000? 2 Superior Growth Stocks to Buy and Hold Forever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-28 17:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/09/28/got-1000-2-superior-growth-stocks-to-buy-and-hold/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Certain economic sectors tend to be more resilient in an uncertain macroeconomic climate.\n\n\n\n\n\n\n\nPharmaceutical giant Eli Lilly owns a portfolio of mainstay and emerging blockbuster drugs. \n\n\n\n\n\n\n\n...</p>\n\n<a href=\"https://www.fool.com/investing/2024/09/28/got-1000-2-superior-growth-stocks-to-buy-and-hold/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F791867%2Fshocked-woman-looking-at-mobile-phone-screen.jpg&op=resize&w=165&h=104","relate_stocks":{"BK4202":"服装、服饰与奢侈品","BK4585":"ETF&股票定投概念","LULU":"lululemon athletica","LU0823411888.USD":"法巴消费创新基金 Cap","BK4588":"碎股","BK4504":"桥水持仓","LLY":"礼来"},"source_url":"https://www.fool.com/investing/2024/09/28/got-1000-2-superior-growth-stocks-to-buy-and-hold/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2470970017","content_text":"Certain economic sectors tend to be more resilient in an uncertain macroeconomic climate.\n\n\n\n\n\n\n\nPharmaceutical giant Eli Lilly owns a portfolio of mainstay and emerging blockbuster drugs. \n\n\n\n\n\n\n\nLululemon faced some headwinds recently, but its financials look good and its current valuation presents a buying opportunity. \n\nIn the stock market, ups and downs are inevitable. But long-term investors shouldn't get wrapped up in them. Instead of focusing on those short-term oscillations, these investors should put their cash into great businesses and focus on multiyear investing horizons.By holding onto shares of fantastic companies for years or decades, and adding to your positions when you have more capital to deploy, you can generate healthy, sustainable portfolio growth. With that in mind, here are two superior growth stocks to consider if you have $1,000 in available cash that you're ready to invest right now.1. Eli LillyEli Lilly (LLY -3.47%) is one of the oldest names in the pharmaceutical industry, with a vast portfolio of drugs for indications ranging from oncology to immunology to weight management to neurology. It has had a banner year as the continued successes of its established treatments and the added tailwinds provided by newly approved products are driving its revenue and profits skyward. The stock is up by roughly 52% year to date, and up about 61% from one year ago.Newer additions to its portfolio such as GLP-1 (glucagon-like peptide-1) drugs Zepbound (for weight management) and Mounjaro (for type 2 diabetes) are driving its growth story right now. So are mainstay products like cancer drug Verzenio, plaque psoriasis drug Taltz, and Jardiance, which is approved for multiple uses, including type 2 diabetes and and chronic kidney disease.Earlier this year, Eli Lilly also earned a long-awaited regulatory approval for Kisunla, a treatment for early symptomatic Alzheimer's disease. Forecasts suggest the drug will have peak annual sales in the ballpark of $8 billion.This month, the Food and Drug Administration also approved Eli Lilly's Ebglyss for patients 12 and older with moderate-to-severe atopic dermatitis. In new data released by Eli Lilly from two randomized, double-blind, placebo-controlled phase 3 trials testing the drug, it was found that Ebglyss controlled the disease for up to three years in more than 80% of adults and adolescents. According to an estimate from GlobalData, the drug could add $3.4 billion in annual revenue to Eli Lilly's top line by 2030. In the second quarter of 2024, revenue increased 36% to $11.3 billion, while GAAP (generally accepted accounting principles) profits jumped by 68% from the year-ago period to just shy of $3 billion. Gross margin rose 40% to $9.1 billion. Management also raised the company's full-year revenue guidance by $3 billion, and now expects its top line to land in the ballpark of $45.4 billion to $46.6 billion. The high end of that range would equate to growth of 37%. Eli Lilly is also a favorable choice for income investors, given that the company has a track record of regularly boosting its dividends. It has increased its payouts for 10 consecutive years, and while at the current share price, the $5.20 annual dividend yields less than 1%, the company maintains a payout ratio of approximately 60%. For dividend-seeking investors as well as those looking for a top healthcare stock, Eli Lilly looks like a compelling choice.2. LululemonLululemon Athletica (LULU 4.16%) stock is trading down roughly 45% since the start of this year, despite the continued demonstration of the company's resilience in a challenging environment for consumer spending. The retailer operates in a crowded space but remains a market leader in the athleisure niche.Admittedly, its growth has slowed somewhat, partially a function of higher prices that have dampened consumers' appetite for spending. It recently saw weaker sales performance in the Americas, and customer response to its new line of Breezethrough leggings was so unfavorable that management rapidly pulled the line from stores. Management indicated that they plan to rerelease the Breezethrough fabric with revised clothing designs in the future. In the meantime, the company has plenty of its mainstay apparel products for both men and women driving sales growth. Some of the challenges it's facing, such as the macroeconomic difficulties, can be viewed more as short-term headwinds. While Lululemon's recent product rollout was not what management had been hoping for, overall revenue is still on the upswing and the company remains profitable. Longtime Chief Product Officer Sun Choe departed the company in May, leading Lululemon to restructure the executive team in charge of product development and design. Rather than finding a single person to replace Choe, Lululemon put Global Creative Director Jonathan Cheung in charge of design, innovation, and product development, and named Chief Brand Officer Nikki Neuburger as the new head of merchandising, footwear, and product operations. Lululemon also remains firm that it is on track to reach the milestones set in its Power of Three x2 growth strategy, among them a goal for the company to grow its revenue to $12.5 billion by 2026. In the first half of 2024, Lululemon reported net revenue of $4.6 billion, up 9% from the first half of 2023. The company also reported net income of $714.3 million in that period, a 13% year-over-year increase. In the second quarter, net revenue rose 7% to $2.4 billion, while comparable sales rose 3% on a constant dollar basis. Even though comparable sales in its Americas region declined by 3% from the year-ago period (2% on a constant-currency basis), international sales rose by a mouth-watering 19% (22% on a constant-currency basis). Gross profit rose by 9% while gross margin rose by 80 basis points to just shy of 60%. Meanwhile, the company ended the period with approximately $1.6 billion in cash and cash equivalents on hand, having generated net cash from operations of about $571 million in the first six months of the year. While the stock is trading about 45% below its 52-week high, the company's balance sheet still looks to be in solid shape, and its growth prospects have far from evaporated. While its industry is competitive and fragmented, Lululemon has the footprint to continue expanding even as new rivals draw market share. Its discounted valuation could make it a tempting buy for more risk-tolerant investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351087107231904,"gmtCreate":1726725724203,"gmtModify":1726725727707,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Wohuuuu","listText":"Wohuuuu","text":"Wohuuuu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351087107231904","repostId":"350854826131712","repostType":1,"repost":{"id":350854826131712,"gmtCreate":1726683495903,"gmtModify":1726716002021,"author":{"id":"4171900329979952","authorId":"4171900329979952","name":"Barcode","avatar":"https://community-static.tradeup.com/news/6688d8fb4c2a255e3b901e79755e56df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4171900329979952","idStr":"4171900329979952"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/SPY 20240920 565.0 CALL\">$SPY 20240920 565.0 CALL$</a> I closed a quick scalp on <a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> being the Bull I am. This is nuts 🤣 Powell is coming...this is 🥊 y! They dumped it and then I was watching for the drop and pop again after the Fed and heading into Powell. What a crazy day! Will Powell have a purple tie on?&nbsp; BREAKING: The S&amp;P 500 rises to a new all time high after the Fed surprises markets and cuts rates by 50 basis points. The index is now up a whopping 20% year-to-date. The \"Fed pivot\" is here. <a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_comments</a> <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a>","listText":"<a href=\"https://ttm.financial/OPT/SPY 20240920 565.0 CALL\">$SPY 20240920 565.0 CALL$</a> I closed a quick scalp on <a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> being the Bull I am. This is nuts 🤣 Powell is coming...this is 🥊 y! They dumped it and then I was watching for the drop and pop again after the Fed and heading into Powell. What a crazy day! Will Powell have a purple tie on?&nbsp; BREAKING: The S&amp;P 500 rises to a new all time high after the Fed surprises markets and cuts rates by 50 basis points. The index is now up a whopping 20% year-to-date. The \"Fed pivot\" is here. <a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_comments</a> <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a>","text":"$SPY 20240920 565.0 CALL$ I closed a quick scalp on $SPDR S&P 500 ETF Trust(SPY)$ being the Bull I am. This is nuts 🤣 Powell is coming...this is 🥊 y! They dumped it and then I was watching for the drop and pop again after the Fed and heading into Powell. What a crazy day! Will Powell have a purple tie on? BREAKING: The S&P 500 rises to a new all time high after the Fed surprises markets and cuts rates by 50 basis points. The index is now up a whopping 20% year-to-date. The \"Fed pivot\" is here. @Tiger_comments @Daily_Discussion","images":[{"img":"https://community-static.tradeup.com/news/b4d16c1d5fff3dfffd68ed44fa3ac307","width":"972","height":"1631"},{"img":"https://community-static.tradeup.com/news/9dde9d3316f74ea232728a506dbcfb41","width":"1117","height":"623"},{"img":"https://community-static.tradeup.com/news/5e40060b9b9b22a88a6ceecce4cd52e6","width":"1792","height":"1024"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350854826131712","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351087405506928,"gmtCreate":1726725709671,"gmtModify":1726725713400,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Looking good!","listText":"Looking good!","text":"Looking good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351087405506928","repostId":"350949138956544","repostType":1,"repost":{"id":350949138956544,"gmtCreate":1726706521495,"gmtModify":1726936202111,"author":{"id":"3555293442593045","authorId":"3555293442593045","name":"Samlunch","avatar":"https://static.tigerbbs.com/17478579b111537e74aea4d338e8aef5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555293442593045","idStr":"3555293442593045"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; $TSLA “If interest rates come down, margins will be good. If they don't come down, they won't be that good. \" - Elon on the Q4 ‘23 earnings call. Rate cuts are here. He’s connected rates to Tesla many times, this looks ready to explode. Over $235 things get fun. Target of $250 by 10/10.","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; $TSLA “If interest rates come down, margins will be good. If they don't come down, they won't be that good. \" - Elon on the Q4 ‘23 earnings call. Rate cuts are here. He’s connected rates to Tesla many times, this looks ready to explode. Over $235 things get fun. Target of $250 by 10/10.","text":"$Tesla Motors(TSLA)$ $TSLA “If interest rates come down, margins will be good. If they don't come down, they won't be that good. \" - Elon on the Q4 ‘23 earnings call. Rate cuts are here. He’s connected rates to Tesla many times, this looks ready to explode. Over $235 things get fun. Target of $250 by 10/10.","images":[{"img":"https://community-static.tradeup.com/news/c75691d26309d240d6c930256bcffaea","width":"1125","height":"564"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350949138956544","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320883132325912,"gmtCreate":1719362730019,"gmtModify":1719362733700,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Emotionless diamond hand is key! 😎","listText":"Emotionless diamond hand is key! 😎","text":"Emotionless diamond hand is key! 😎","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320883132325912","repostId":"320755289264328","repostType":1,"repost":{"id":320755289264328,"gmtCreate":1719339030178,"gmtModify":1719339082021,"author":{"id":"4102740637684170","authorId":"4102740637684170","name":"OptionsDelta","avatar":"https://static.tigerbbs.com/b5ab2017d32f95a165639de659b21cd1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102740637684170","idStr":"4102740637684170"},"themes":[],"title":"Nvidia could fall to 110 on Friday","htmlText":"On Monday June 24th, there was another large options trade in the <a href=\"https://ttm.financial/OPT/NVDA 20240920 105 CALL\">$NVDA 20240920 105 CALL$&nbsp;</a> that the $200M trader is close - a 20,000 lot seller hit when Nvidia was $120, adding to their prior 60,000 lot reduction. This leaves them with 210,000 lots remaining.Interestingly, on the prior Friday June 21st, Jensen Huang filed to sell 120 thousand shares. Coupled with previous sales, Huang has now sold 720 thousand shares total - a near exact match for the $200M trader's 80,000 lot (800 thousand share) reduction.Prior to this, the $200M trader had only been rolling their position higher, never reducing. So the identity of who they are hedging for is now clear.Insider sales ahead of the shareholder meeting are not the best opti","listText":"On Monday June 24th, there was another large options trade in the <a href=\"https://ttm.financial/OPT/NVDA 20240920 105 CALL\">$NVDA 20240920 105 CALL$&nbsp;</a> that the $200M trader is close - a 20,000 lot seller hit when Nvidia was $120, adding to their prior 60,000 lot reduction. This leaves them with 210,000 lots remaining.Interestingly, on the prior Friday June 21st, Jensen Huang filed to sell 120 thousand shares. Coupled with previous sales, Huang has now sold 720 thousand shares total - a near exact match for the $200M trader's 80,000 lot (800 thousand share) reduction.Prior to this, the $200M trader had only been rolling their position higher, never reducing. So the identity of who they are hedging for is now clear.Insider sales ahead of the shareholder meeting are not the best opti","text":"On Monday June 24th, there was another large options trade in the $NVDA 20240920 105 CALL$ that the $200M trader is close - a 20,000 lot seller hit when Nvidia was $120, adding to their prior 60,000 lot reduction. This leaves them with 210,000 lots remaining.Interestingly, on the prior Friday June 21st, Jensen Huang filed to sell 120 thousand shares. Coupled with previous sales, Huang has now sold 720 thousand shares total - a near exact match for the $200M trader's 80,000 lot (800 thousand share) reduction.Prior to this, the $200M trader had only been rolling their position higher, never reducing. So the identity of who they are hedging for is now clear.Insider sales ahead of the shareholder meeting are not the best opti","images":[{"img":"https://static.tigerbbs.com/42a2ce973a126ba1ec392a8759c89309","width":"987","height":"1727"},{"img":"https://static.tigerbbs.com/0aa55f1e75dc083c5d5c2a5a73ab8be4","width":"2302","height":"122"},{"img":"https://static.tigerbbs.com/ad14e9d12ea2ff25d19f60217a8f0af9","width":"2290","height":"100"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320755289264328","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":273545660137664,"gmtCreate":1707821550299,"gmtModify":1707821554930,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"[Smile]&nbsp;&nbsp;It's time will come!","listText":"[Smile]&nbsp;&nbsp;It's time will come!","text":"[Smile] It's time will come!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/273545660137664","repostId":"2410843251","repostType":2,"repost":{"id":"2410843251","kind":"highlight","pubTimestamp":1707792846,"share":"https://ttm.financial/m/news/2410843251?lang=&edition=fundamental","pubTime":"2024-02-13 10:54","market":"us","language":"en","title":"Will AMD Stock Skyrocket in 2024? 4 Catalysts to Watch.","url":"https://stock-news.laohu8.com/highlight/detail?id=2410843251","media":"InvestorPlace","summary":"Advanced Micro Devices has some impressive applications for its chips, leading to outsized interest around this stock.The company’s Q1 guidance lacked fireworks, but delivered where it matters.The company is a leading competitor in the AI chip race, and should be valued as such.Advanced Micro Devices , right on Intel’s heels, sparks reassurance in investors during market uncertainty. The company even surpassed its modest Q1 guidance, leading to expectations of more impressive longer-term growth among bulls. AMD projected $3.5 billion in data center revenue for 2024, as its Q4 revenue skyrocketed 38%. This is central to this AMD stock forecast.AMD has widened its horizons, recently revealing the AMD Embedded+, a system that provides a combination of AMD Ryzen Embedded processors and Versal adaptive SoCs on a single board. This integration smooths out qualification and builds processes, allowing for common software platforms for diverse applications. The system prioritizes low latency an","content":"<html><head></head><body><ul style=\"\"><li><p><strong>Advanced Micro Devices </strong>(<strong>AMD</strong>) has some impressive applications for its chips, leading to outsized interest around this stock.</p></li><li><p>The company’s Q1 guidance lacked fireworks, but delivered where it matters. </p></li><li><p>The company is a leading competitor in the AI chip race, and should be valued as such. </p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ceb8e86e905ff516348c6edb03a98858\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: JHVEPhoto / Shutterstock.com</p><p><strong>Advanced Micro Devices</strong> (NASDAQ:<strong>AMD</strong>), right on Intel’s heels, sparks reassurance in investors during market uncertainty. The company even surpassed its modest Q1 guidance, leading to expectations of more impressive longer-term growth among bulls. AMD projected $3.5 billion in data center revenue for 2024, as its Q4 revenue skyrocketed 38%. This is central to this AMD stock forecast.</p><p>In the field that’s undoubtedly dominated by <strong>Nvidia </strong>(NASDAQ:<strong>NVDA</strong>), AMD faces challenges in the AI chip race. Specifically, in the world of AI software, AMD is behind. Software rewriting is necessary to switch from AMD’s ROCm system to Nvidia’s CUDA system. Still, AMD offers a worthy substitute for Nvidia for cloud computing companies with expansion in mind.</p><p>Given AMD’s victories against <strong>Intel</strong> (NASDAQ:<strong>INTC</strong>) in the X86 server realm, it’s a company that’s clearly worth paying attention to. The question is whether AMD is coming for Nvidia next, and could gain some key market share in the AI race. Let’s dive in.</p><h2 id=\"id_469687567\">Strong Forward Guidance</h2><p>In October 2023, AMD soared above expectations by predicting $400 million in revenue from MI300 AI GPU sales in Q4. AMD CEO Lisa SU later confirmed this achievement, marking a key turning point for the company. If it can hit its own internal targets for growth, investors will pay attention to the company’s future guidance more closely. Thus far, this guidance remains strong.</p><p>AMD has a number of key partnerships with other mega-cap tech companies in need of more computing power. These partnerships have driven the company’s most recent projections of achieving $3.5 billion of data center revenue in 2024. Now, I’m not certain the company can hit these targets, but given its current quarterly run rate of about $900 million in this segment, these estimates may prove to be light.</p><p>In accordance with analysts’ expectations of $4 billion to $8 billion in AI-related revenue, AMD raised its AI chips sales revenue guidance over the next quarter. This is an indication of further growth, and should entice long-term investors to this chip name.</p><h2 id=\"id_258389570\">Streamlined Solutions for AI</h2><p>AMD has widened its horizons, recently revealing the AMD Embedded+, a system that provides a combination of AMD Ryzen™ Embedded processors and Versal™ adaptive SoCs on a single board. This integration smooths out qualification and builds processes, allowing for common software platforms for diverse applications. The system prioritizes low latency and energy efficiency, as Chetan Khona, AMD’s Senior Director of Industrial, VIsion, Healthcare, and Sciences Markets, puts a spotlight on real-time sensor data in automated systems.</p><p>Sapphire Technology has also brought the AMD Embedded+ ODM Solution to center stage, via the Sapphire Edge+ VPR-4616-MB. A Ryzen Embedded R2314 processor and Versal AI Edge VE2302 Adaptive Soc power this product. It offers versatile capabilities in a compact Mini-ITX form factor, consuming as little as 30W of energy to operate.</p><p>Adrian Thompson, senior <a href=\"https://laohu8.com/S/VP..UK\">VP</a> of global marketing, celebrated the Embedded+ system for its impressive reliability and reduced R&amp;D costs. The Embedded+ qualified VPR-3616-MB is now available for purchase, and is a key product investors should keep an eye on. This is central to this AMD stock forecast.</p><h2 id=\"id_835736138\">Trust the Process with AMD</h2><p>AMD hopes to reach an impressive market share of between 15% to 25% of the AI chip market in 2024. If the company can see easing from previous supply shortages, it’s possible this chip giant could go head-to-head with Nvidia.</p><p>AMD’s AI revenue forecast may be aggressive and be a reason for some investors to pause around this stock. But as demand for AI chips grow, AMD should be able to produce outsized gains as it grows its market share. At least, that’s the bullish argument.</p><p>For now, I remain cautiously bullish around AMD stock. Given what its peer Nvidia has done in recent weeks, this stock should see some carryover from investors.</p></body></html>","source":"investorplace_stock_picks","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>Will AMD Stock Skyrocket in 2024? 4 Catalysts to Watch.</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\">\nWill AMD Stock Skyrocket in 2024? 4 Catalysts to Watch.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-13 10:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/02/will-amd-stock-skyrocket-in-2024-4-catalysts-to-watch/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices (AMD) has some impressive applications for its chips, leading to outsized interest around this stock.The company’s Q1 guidance lacked fireworks, but delivered where it matters. ...</p>\n\n<a href=\"https://investorplace.com/2024/02/will-amd-stock-skyrocket-in-2024-4-catalysts-to-watch/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","QQQ":"纳指100ETF","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0079474960.USD":"联博美国增长基金A","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","AMD":"美国超微公司","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4534":"瑞士信贷持仓","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","QID":"纳指两倍做空ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0109392836.USD":"富兰克林科技股A",".IXIC":"NASDAQ Composite","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4535":"淡马锡持仓","INTC":"英特尔","BK4543":"AI","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","NVDA":"英伟达","PSQ":"纳指反向ETF","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4512":"苹果概念","GFS":"GLOBALFOUNDRIES Inc.","BK4549":"软银资本持仓","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4548":"巴美列捷福持仓","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","TQQQ":"纳指三倍做多ETF","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC"},"source_url":"https://investorplace.com/2024/02/will-amd-stock-skyrocket-in-2024-4-catalysts-to-watch/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2410843251","content_text":"Advanced Micro Devices (AMD) has some impressive applications for its chips, leading to outsized interest around this stock.The company’s Q1 guidance lacked fireworks, but delivered where it matters. The company is a leading competitor in the AI chip race, and should be valued as such. Source: JHVEPhoto / Shutterstock.comAdvanced Micro Devices (NASDAQ:AMD), right on Intel’s heels, sparks reassurance in investors during market uncertainty. The company even surpassed its modest Q1 guidance, leading to expectations of more impressive longer-term growth among bulls. AMD projected $3.5 billion in data center revenue for 2024, as its Q4 revenue skyrocketed 38%. This is central to this AMD stock forecast.In the field that’s undoubtedly dominated by Nvidia (NASDAQ:NVDA), AMD faces challenges in the AI chip race. Specifically, in the world of AI software, AMD is behind. Software rewriting is necessary to switch from AMD’s ROCm system to Nvidia’s CUDA system. Still, AMD offers a worthy substitute for Nvidia for cloud computing companies with expansion in mind.Given AMD’s victories against Intel (NASDAQ:INTC) in the X86 server realm, it’s a company that’s clearly worth paying attention to. The question is whether AMD is coming for Nvidia next, and could gain some key market share in the AI race. Let’s dive in.Strong Forward GuidanceIn October 2023, AMD soared above expectations by predicting $400 million in revenue from MI300 AI GPU sales in Q4. AMD CEO Lisa SU later confirmed this achievement, marking a key turning point for the company. If it can hit its own internal targets for growth, investors will pay attention to the company’s future guidance more closely. Thus far, this guidance remains strong.AMD has a number of key partnerships with other mega-cap tech companies in need of more computing power. These partnerships have driven the company’s most recent projections of achieving $3.5 billion of data center revenue in 2024. Now, I’m not certain the company can hit these targets, but given its current quarterly run rate of about $900 million in this segment, these estimates may prove to be light.In accordance with analysts’ expectations of $4 billion to $8 billion in AI-related revenue, AMD raised its AI chips sales revenue guidance over the next quarter. This is an indication of further growth, and should entice long-term investors to this chip name.Streamlined Solutions for AIAMD has widened its horizons, recently revealing the AMD Embedded+, a system that provides a combination of AMD Ryzen™ Embedded processors and Versal™ adaptive SoCs on a single board. This integration smooths out qualification and builds processes, allowing for common software platforms for diverse applications. The system prioritizes low latency and energy efficiency, as Chetan Khona, AMD’s Senior Director of Industrial, VIsion, Healthcare, and Sciences Markets, puts a spotlight on real-time sensor data in automated systems.Sapphire Technology has also brought the AMD Embedded+ ODM Solution to center stage, via the Sapphire Edge+ VPR-4616-MB. A Ryzen Embedded R2314 processor and Versal AI Edge VE2302 Adaptive Soc power this product. It offers versatile capabilities in a compact Mini-ITX form factor, consuming as little as 30W of energy to operate.Adrian Thompson, senior VP of global marketing, celebrated the Embedded+ system for its impressive reliability and reduced R&D costs. The Embedded+ qualified VPR-3616-MB is now available for purchase, and is a key product investors should keep an eye on. This is central to this AMD stock forecast.Trust the Process with AMDAMD hopes to reach an impressive market share of between 15% to 25% of the AI chip market in 2024. If the company can see easing from previous supply shortages, it’s possible this chip giant could go head-to-head with Nvidia.AMD’s AI revenue forecast may be aggressive and be a reason for some investors to pause around this stock. But as demand for AI chips grow, AMD should be able to produce outsized gains as it grows its market share. At least, that’s the bullish argument.For now, I remain cautiously bullish around AMD stock. Given what its peer Nvidia has done in recent weeks, this stock should see some carryover from investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":267020678582392,"gmtCreate":1706200510364,"gmtModify":1706200514619,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"For sure a high risk high reward bet!","listText":"For sure a high risk high reward bet!","text":"For sure a high risk high reward bet!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/267020678582392","repostId":"2406212031","repostType":2,"repost":{"id":"2406212031","kind":"highlight","pubTimestamp":1706194817,"share":"https://ttm.financial/m/news/2406212031?lang=&edition=fundamental","pubTime":"2024-01-25 23:00","market":"us","language":"en","title":"Tesla Sell Alert: 2 Reasons to Exit TSLA Stock Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2406212031","media":"InvestorPlace","summary":"There are a number of reasons why investors in Tesla and TSLA stock may remain wary of its future prospects, but here's 2.","content":"<html><body><article>\n<header>\n<div>\n<div>\n<ul>\n<li>Shares of <strong>Tesla </strong>(<strong>TSLA</strong>) stock have continued to trade in a volatile fashion over the past year. </li>\n<li>This company has fell short on various promises, and investors have reason to be concerned about future growth.</li>\n<li>There are other EV stocks out there for investors to consider – it’s not a one-horse race anymore.</li>\n</ul>\n</div>\n<div></div>\n<figure>\n<div>\n<img decoding=\"async\" height=\"432\" sizes=\"(max-width: 768px) 100vw, 768px\" src=\"https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-768x432.png\" srcset=\"https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-768x432.png 768w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-300x169.png 300w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-1024x576.png 1024w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-1536x864.png 1536w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-200x113.png 200w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-400x225.png 400w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-116x65.png 116w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-100x56.png 100w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-89x50.png 89w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-78x44.png 78w, https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9.png 1600w\" width=\"768\"/> </div>\n<figcaption>\n<p>Source: sdx15 / Shutterstock.com</p>\n</figcaption>\n</figure>\n<div>\n<p>Once seen as a high-risk and high-reward bet, <strong>Tesla </strong>(NASDAQ:<strong>TSLA</strong>) has turned into an absolute behemoth in the stock market. Valued as a large chunk of the North American auto sector, this is a company that’s proven electric vehicles can become popular and take share away from the incumbents. This will have important implications for TSLA stock holders.</p>\n<p>Investors who have held Tesla over the long term have certainly done well. Much of this has had to do with Elon Musk’s promises, many of which came to fruition later than expected, but many of which ultimately shifted the auto landscape for good. For this, he can certainly be regarded as one of the pioneers of change in an industry that may have grown dull.</p>\n<p>However, single-man risks tied to Musk and his various ventures (I won’t even touch his X deal) make this stock a difficult one to assess. The company’s valuation is based on the future vision of a man who wants to seemingly do everything all at once. For those looking for high-quality electric vehicles, competition in the affordable luxury EV space is heating up, providing consumers with options that didn’t exist before. And despite price cuts, demand appears to be waning across this sector, in part due to higher interest rates.</p>\n<p>That’s a lot for investors to digest, so let’s dive into the two biggest headwinds I see for Tesla moving forward.</p>\n<h2><strong>#1: </strong>Competition Now Matters</h2>\n<p>In the first two weeks of 2024, the Austin-based EV maker suffered a $94 billion market value drop. Hertz’s shift away from electric vehicles, continued price cuts (particularly in the Chinese market), and rising labor costs have been a thorn in the side of this stock trying to race to new highs. There’s a race to the bottom building in this sector, and Tesla appears to be leading the way. That’s not great for demand in the short-term.</p>\n<p>Over the longer-term, I think competition-related issues are going to be more important to consider. I think current price cuts are a direct result of heightened competition in this space. Every auto company is racing to release new models of every type of vehicle (and I’m sorry, but the cybertruck just isn’t going to make a dent in the market, for obvious reasons – just look at it). Over time, margins will compress, and the early-mover advantage Tesla had will be gone, along with its once-stellar margins.</p>\n<p>Perhaps that’s an overly bearish take. Tesla’s market share numbers are still impressive. But if unionization efforts pick up at Tesla’s plants, consumers shift their preferences to European-made vehicles, or <strong>Ford </strong>(NYSE:<strong>F</strong>) or <strong>General Motors </strong>(NYSE:<strong>GM</strong>) pick up their game substantially, I think Tesla could be in for some serious trouble. </p>\n<h2><strong>#2: Elon Musk is Losing </strong>the Confidence of His Base</h2>\n<p>Elon Musk’s personality is hard to describe. Perhaps the funniest take I’ve heard from a friend as to why he didn’t buy a Tesla EV was “because I don’t want to be the guy who’s driving around in a giant red MAGA hat.” Had to laugh at that one, but I do think that the hot takes many high-profile CEOs have on various topics do matter to a consumer base. For Tesla’s stereotypical average buyer – a tech worker in California (just look at its California sales numbers), Musk’s antics may just be enough to hurt his sales (as has seemed to be the case for his advertising revenue at X, formerly Twitter). </p>\n<p>In addition, Musk faces independent challenges as Tesla grapples with a $56 billion compensation lawsuit. Musk’s potential shift from his core competency to AI and other businesses has raised fiduciary concerns, particularly with his involvement in x.AI. The board might mitigate this with a buyback alongside a deal, but Tesla’s cash needs complicate matters. </p>\n<p>I’m of the view that eventually these headlines will catch up to Musk and his investors. I just don’t want to be holding the bag when this company is priced for what it really is (a low-margin car company). No, it’s not a software or robotics or solar or autonomous driving company. It just isn’t.</p>\n<h2>My Take: Simply Avoid TSLA Stock</h2>\n<p>Tesla isn’t the only EV available in the U.S. market anymore. Tesla isn’t the largest EV maker in the world anymore – that title belongs to China’s <strong>BYD Co. </strong>(OTCMKTS:<strong>BYDDF</strong>). And Elon Musk isn’t America’s most revered and worshipped genius CEO anymore.</p>\n<p>As Tesla’s fundamentals reflect the negative impact of lower margins, more competition, and single-man risk in the form of Elon Musk remaining the CEO, I think this stock will most certainly be trading lower five years from now. </p>\n<p><em>On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>\n<div><p>Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</p></div><div><p>Consumer Discretionary, Automotive, Electric Vehicles</p></div><div><p>Growth Stocks</p></div> </div>\n<div>\n<div hidden=\"true\">\n<div>\n<svg fill=\"none\" height=\"32\" viewbox=\"0 0 261 32\" width=\"261\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M38.8652 7.49652H42.2492V25.7517H38.8652V7.49652ZM60.0112 7.49652H63.3142V25.7517H60.0921L50.9278 13.1733V25.7517H47.6248V7.49652H50.8469L60.0112 20.0749V7.49652ZM66.5201 7.49652H70.2279L75.4578 21.8955L80.7685 7.49652H84.3144L77.1417 25.7517H73.5957L66.5201 7.49652ZM87.4232 7.49652H100.457V10.5418H90.8072V15.0601H99.5019V18.1054H90.8072V22.7064H100.781V25.7517H87.4232V7.49652ZM113.637 10.8563C112.666 10.5253 111.872 10.3598 111.063 10.3598C110.253 10.3598 109.622 10.5253 109.136 10.8563C108.65 11.1873 108.407 11.601 108.407 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be concerned about future ...</p>\n\n<a href=\"https://investorplace.com/2024/01/tesla-sell-alert-2-reasons-to-exit-tsla-stock-right-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4592":"伊斯兰概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4585":"ETF&股票定投概念","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","F":"福特汽车","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","GM":"通用汽车","LU0823414478.USD":"法巴经典能源转换基金","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4527":"明星科技股","BK4559":"巴菲特持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 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race anymore.\n\n\n\n\n\n \n\nSource: sdx15 / Shutterstock.com\n\n\n\nOnce seen as a high-risk and high-reward bet, Tesla (NASDAQ:TSLA) has turned into an absolute behemoth in the stock market. Valued as a large chunk of the North American auto sector, this is a company that’s proven electric vehicles can become popular and take share away from the incumbents. This will have important implications for TSLA stock holders.\nInvestors who have held Tesla over the long term have certainly done well. Much of this has had to do with Elon Musk’s promises, many of which came to fruition later than expected, but many of which ultimately shifted the auto landscape for good. For this, he can certainly be regarded as one of the pioneers of change in an industry that may have grown dull.\nHowever, single-man risks tied to Musk and his various ventures (I won’t even touch his X deal) make this stock a difficult one to assess. The company’s valuation is based on the future vision of a man who wants to seemingly do everything all at once. For those looking for high-quality electric vehicles, competition in the affordable luxury EV space is heating up, providing consumers with options that didn’t exist before. And despite price cuts, demand appears to be waning across this sector, in part due to higher interest rates.\nThat’s a lot for investors to digest, so let’s dive into the two biggest headwinds I see for Tesla moving forward.\n#1: Competition Now Matters\nIn the first two weeks of 2024, the Austin-based EV maker suffered a $94 billion market value drop. Hertz’s shift away from electric vehicles, continued price cuts (particularly in the Chinese market), and rising labor costs have been a thorn in the side of this stock trying to race to new highs. There’s a race to the bottom building in this sector, and Tesla appears to be leading the way. That’s not great for demand in the short-term.\nOver the longer-term, I think competition-related issues are going to be more important to consider. I think current price cuts are a direct result of heightened competition in this space. Every auto company is racing to release new models of every type of vehicle (and I’m sorry, but the cybertruck just isn’t going to make a dent in the market, for obvious reasons – just look at it). Over time, margins will compress, and the early-mover advantage Tesla had will be gone, along with its once-stellar margins.\nPerhaps that’s an overly bearish take. Tesla’s market share numbers are still impressive. But if unionization efforts pick up at Tesla’s plants, consumers shift their preferences to European-made vehicles, or Ford (NYSE:F) or General Motors (NYSE:GM) pick up their game substantially, I think Tesla could be in for some serious trouble. \n#2: Elon Musk is Losing the Confidence of His Base\nElon Musk’s personality is hard to describe. Perhaps the funniest take I’ve heard from a friend as to why he didn’t buy a Tesla EV was “because I don’t want to be the guy who’s driving around in a giant red MAGA hat.” Had to laugh at that one, but I do think that the hot takes many high-profile CEOs have on various topics do matter to a consumer base. For Tesla’s stereotypical average buyer – a tech worker in California (just look at its California sales numbers), Musk’s antics may just be enough to hurt his sales (as has seemed to be the case for his advertising revenue at X, formerly Twitter). \nIn addition, Musk faces independent challenges as Tesla grapples with a $56 billion compensation lawsuit. Musk’s potential shift from his core competency to AI and other businesses has raised fiduciary concerns, particularly with his involvement in x.AI. The board might mitigate this with a buyback alongside a deal, but Tesla’s cash needs complicate matters. \nI’m of the view that eventually these headlines will catch up to Musk and his investors. I just don’t want to be holding the bag when this company is priced for what it really is (a low-margin car company). No, it’s not a software or robotics or solar or autonomous driving company. It just isn’t.\nMy Take: Simply Avoid TSLA Stock\nTesla isn’t the only EV available in the U.S. market anymore. Tesla isn’t the largest EV maker in the world anymore – that title belongs to China’s BYD Co. (OTCMKTS:BYDDF). And Elon Musk isn’t America’s most revered and worshipped genius CEO anymore.\nAs Tesla’s fundamentals reflect the negative impact of lower margins, more competition, and single-man risk in the form of Elon Musk remaining the CEO, I think this stock will most certainly be trading lower five years from now. \nOn the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.Consumer Discretionary, Automotive, Electric VehiclesGrowth Stocks \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/01/tesla-sell-alert-2-reasons-to-exit-tsla-stock-right-now/.\n©2024 InvestorPlace Media, LLC","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":266089604218888,"gmtCreate":1705983704024,"gmtModify":1705983707398,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a> Slow and steady moat!","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a> Slow and steady moat!","text":"$Apple(AAPL)$ Slow and steady moat!","images":[{"img":"https://community-static.tradeup.com/news/4b3774e6502448eb94cacee3522d729a","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/266089604218888","isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9968468846,"gmtCreate":1669295820985,"gmtModify":1676538180063,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573295814526662","idStr":"3573295814526662"},"themes":[],"htmlText":"Tme is changing!","listText":"Tme is changing!","text":"Tme is changing!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9968468846","repostId":"2285384020","repostType":4,"repost":{"id":"2285384020","kind":"highlight","pubTimestamp":1669302016,"share":"https://ttm.financial/m/news/2285384020?lang=&edition=fundamental","pubTime":"2022-11-24 23:00","market":"us","language":"en","title":"Latest Memo From Howard Marks: What Really Matters?","url":"https://stock-news.laohu8.com/highlight/detail?id=2285384020","media":"Seeking Alpha","summary":"SummaryThe vast majority of investors can’t know for sure what macro events lie just ahead or how th","content":"<html><head></head><body><h2>Summary</h2><ul><li>The vast majority of investors can’t know for sure what macro events lie just ahead or how the markets will react to the things that do happen.</li><li>Most people buy stocks with the goal of selling them at a higher price, thinking they’re for trading, not for owning.</li><li>Most individual investors and anyone who understands the limitations regarding outperformance would probably be best off holding index funds over the long run.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b128f2533a162219e4fb760585c5b07f\" tg-width=\"750\" tg-height=\"457\" referrerpolicy=\"no-referrer\"/><span>We Are</span></p><p>I&#39;ve gathered a few ideas from several of my memos this year - plus some recent musings and conversations - to form the subject of this memo: what really matters or should matter for investors. I&#39;ll start by examining a number of things that I think don&#39;t matter.</p><h2>What Doesn&#39;t Matter: Short-Term Events</h2><p>In <i>The Illusion of Knowledge</i> (September 2022), I railed against macro forecasting, which in our profession mostly concerns the next year or two. And in <i>I Beg to Differ</i> (July 2022), I discussed the questions I was asked most frequently at Oaktree&#39;s June 21 conference in London: How bad will inflation get? How much will the Fed raise interest rates to fight it? Will those increases cause a recession? How bad and for how long? The bottom line, I told the attendees, was that these things all relate to the short term, and this is what I know about the short term:</p><ul><li><p>Most investors can&#39;t do a superior job of predicting short-term phenomena like these.</p></li><li><p>Thus, they shouldn&#39;t put much stock in opinions on these subjects (theirs or those of others).</p></li><li><p>They&#39;re unlikely to make major changes in their portfolios in response to these opinions.</p></li><li><p>The changes they do make are unlikely to be consistently right.</p></li><li><p>Thus, these aren&#39;t the things that matter.</p></li></ul><p>Consider an example. In response to the first tremors of the Global Financial Crisis, the Federal Reserve began to cut the fed funds rate in 3Q2007. They then lowered it to zero around the end of 2008 and left it there for seven years. In late 2015, virtually the only question I got was &#34;When will the first rate increase occur?&#34; My answer was always the same: &#34;Why do you care? If I say &#39;February,&#39; what will you do? And if I later change my mind and say &#39;May,&#39; what will you do differently? If everyone knows rates are about to rise, what difference does it make which month the process starts?&#34; No one ever offered a convincing answer. Investors probably think asking such questions is part of behaving professionally, but I doubt they could explain why.</p><p>The vast majority of investors can&#39;t know for sure what macro events lie just ahead or how the markets will react to the things that do happen. In <i>The Illusion of Knowledge</i>, I wrote at length about the way unforeseen events make a hash of economic and market forecasts. In summary, most forecasts are extrapolations, and most of the time things don&#39;t change, so extrapolations are usually correct, but not particularly profitable. On the other hand, accurate forecasts of deviations from trends can be very profitable, but they&#39;re hard to make and hard to act on. These are some of the reasons why most people can&#39;t predict the future well enough to repeatably produce superior performance.</p><p>Why is doing this so hard? Don&#39;t most of us know what events are likely to transpire? Can&#39;t we just buy the securities of the companies that are most likely to benefit from those events? In the long run, maybe, but I want to turn to a theme that Bruce Karsh has been emphasizing lately, regarding a major reason why it&#39;s particularly challenging to profit from a short-term focus: <b>It&#39;s verydifficult to know which expectations regarding events are already incorporated in security prices.</b></p><p>One of the critical mistakes people are guilty of - we see it all the time in the media - is believing that changes in security prices are the result of events: that favorable events lead to rising prices and negative events lead to falling prices. I think that&#39;s what most people believe - especially first-level thinkers - but that&#39;s not right. <b>Security prices are determined by events and how investors react to those events, which is largely a function of how the events stack up against investors&#39; expectations.</b></p><p>How can we explain a company that reports higher earnings, only to see its stock price drop? The answer, of course, is that the reported improvement fell short of expectations and thus disappointed investors. So, at the most elementary level, it&#39;s not whether the event is simply positive or not, but how the event compares with what was expected.</p><p>In my earliest working years, I used to spend a few minutes each day looking over the earnings reports printed in <i>The Wall Street Journal</i>. But after a while, it dawned on me that since I didn&#39;t know what numbers had been expected, I had no idea whether an announcement from a company I didn&#39;t follow was good news or bad.</p><p>Investors can become experts regarding a few companies and their securities, but no one is likely to know enough about macro events to (A) be able to understand the macro expectations that underlie the prices of securities, (B) anticipate the broad events, and (C) predict how those securities will react. Where can a prospective buyer look to find out what the investors who set securities prices already anticipate in terms of inflation, GDP, or unemployment? Inferences regarding expectations can sometimes be drawn from asset prices, but the inferred levels often aren&#39;t proved correct when the actual results come in.</p><p>Further, in the short term, security prices are highly susceptible to random and exogenous events that can swamp the impact of fundamental events. <b>Macro events and the ups and downs of companies&#39; near-term fortunes are unpredictable and not necessarily indicative of - or relevant to - companies&#39; long-term prospects. So little attention should be paid to them.</b> For example, companies often deliberately reduce current earnings by investing in the future of their businesses; thus, low reported earnings can imply high future earnings, not continued low earnings. To know the difference, you have to have an in-depth understanding of the company.</p><p>No one should be fooled into thinking security pricing is a dependable process that accurately follows a set of rules. Events are unpredictable; they can be altered by unpredictable influences, and investors&#39; reactions to the events that occur are unpredictable. Due to the presence of so much uncertainty, most investors are unable to improve their results by focusing on the short term.</p><p>It&#39;s clear from observation that security prices fluctuate much more than economic output or company profits. <b>What accounts for this? It must be the fact that, in the short term, the ups and downs of prices are influenced far more by swings in investor psychology than by changes in companies&#39; long-term prospects. Because swings in psychology matter more in the near term than changes in fundamentals - and are so hard to predict - most short-term trading is a waste of time... or worse.</b></p><h2>What Doesn&#39;t Matter: The Trading Mentality</h2><p>Over the years, my memos have often included some of my father&#39;s jokes from the 1950s, based on my strong belief that humor often reflects truths about the human condition. Given its relevance here, I&#39;m going to devote a bit of space to a joke I&#39;ve shared before:</p><p><img src=\"https://static.tigerbbs.com/af510c5d038ecaeaa793f3d6b442a86a\" tg-width=\"911\" tg-height=\"590\" referrerpolicy=\"no-referrer\"/></p><p>I include this old joke because I believe most people treat stocks and bonds like something to trade, not something to own.</p><p><b>If you ask Warren Buffett to describe the foundation of his approach to investing, he&#39;ll probably start by insisting that stocks should be thought of as ownership interests in companies.</b> Most people don&#39;t start companies with the goal of selling them in the short term, but rather they seek to operate them, enjoy profitability, and expand the business. Of course, founders do these things to ultimately make money, but they&#39;re likely to view the money as the byproduct of having run a successful business. Buffett says people who buy stocks should think of themselves as partners of owners with whom they share goals.</p><p>But I think that&#39;s rarely the case. <b>Most people buy stocks with the goal of selling them at a higher price, thinking they&#39;re for trading, not for owning.</b> This means they abandon the owner mentality and instead act like gamblers or speculators who bet on stock price moves. The results are often unpleasant.</p><p>The DALBAR Institute 2012 study showed that investors receive three percentage points less per year than the S&amp;P 500 generated from 1992 to 2012, and the average holding period for a typical investor is six months. Six Months!! When you hold a stock for less than a year, you are not using the stock market to acquire business ownership positions and participate in the growth of that business. Instead, you are just guessing at short-term news and expectations, and your returns are based on how other people react to that news information. In aggregate, that kind of attitude gets you three percentage points less per year than you&#39;d get from doing nothing at all beyond making the initial investment in the index fund of the S&amp;P 500. (&#34;Fidelity&#39;s Best Investors Are Dead,&#34; <i>The Conservative Income Investor</i>, April 8, 2020)</p><p>To me, buying for a short-term trade equates to forgetting about your sports team&#39;s chances of winning the championship and instead betting on who&#39;s going to succeed in the next play, period, or inning.</p><p>Let&#39;s think about the logic. You buy a stock because you think it&#39;s worth more than you have to pay for it, whereas the seller considers it fully priced. Someday, if things go well, it&#39;ll become fully priced, in your opinion, meaning you&#39;ll sell it. The person you sell it to, however, will buy it because he thinks it&#39;s worth still more. We used to talk about this process as being reliant on the Greater Fool Theory: No matter what price I pay for a stock, there will always be someone who will buy it from me for more, despite the fact that I&#39;m selling because I&#39;ve concluded that it has reached full value.</p><p>Every buyer is motivated by the belief that the stock will eventually be worth more than today&#39;s price (a view the seller presumably doesn&#39;t share). The key question is what type of thinking underlies these purchases. <b>Are the buyers buying because this is a company they&#39;d like to own a piece of for years? Or are they merely betting that the price will go up?</b> The transactions may look the same from the outside, but I wonder about the thought process and thus the soundness of the logic.</p><p><b>Each time a stock is traded, one side is wrong and one is right. But if what you&#39;re doing is betting on trends in popularity, and thus the direction of price moves over the next month, quarter, or year, is it realistic to believe you&#39;ll be right more often than the person on the other side of the trade?</b> Maybe the decline of active management can be attributed to the many active managers who placed bets on the direction of stock prices in the short term, instead of picking companies they wanted to own part of for years. It&#39;s all a matter of the underlying mentality.</p><p>I had a long debate on this topic with my father back in 1969, when I lived with him during my first months at First National City Bank. (It&#39;s amazing for me to think back to those days; he was so much younger than I am today.) I told him I thought buying a stock should be motivated by something other than the hope that the price would rise, and I suggested this might be the expectation that dividends would increase over time. He countered that no one buys stocks for the dividends - they buy because they think the price will go up. But what would trigger the rise?</p><p>Wanting to own a business for its commercial merit and long-term earnings potential is a good reason to be a stockholder, and if these expectations are borne out, a good reason to believe the stock price will rise. In the absence of that, buying in the hope of appreciation merely amounts to trying to guess which industries and companies investors will favor in the future. Ben Graham famously said, &#34;In the short run, a market is a voting machine, but in the long run, it is a weighing machine.&#34; <b>While none of this is easy, as Charlie Munger once told me, carefully weighing long-term merit should produce better results than trying to guess at short-term swings in popularity.</b></p><h2>What Doesn&#39;t Matter: Short-Term Performance</h2><p>Given the possible contributors to short-term investment performance, reported results can present a highly misleading picture, and here I&#39;m talking mostly about superior gains in good times. I feel there are three ingredients for success during good times - aggressiveness, timing, and skill - and if you have enough aggressiveness at the right time, you don&#39;t need that much skill. We all know that in good times, the highest returns often go to the person whose portfolio incorporates the most risk, beta, and correlation. Having such a portfolio isn&#39;t a mark of distinction or insight if the investor is a perma-bull who&#39;s always positioned aggressively. Finally, random events can have an overwhelming impact on returns - in either direction - in a given quarter or year.</p><p>One of the recurring themes in my memos is the idea that the quality of a decision cannot be determined by the outcome alone. Decisions often lead to negative outcomes even when they&#39;re well-reasoned and based on all the available information. On the other hand, we all know people - even occasionally ourselves - who&#39;ve been right for the wrong reason. Hidden information and random developments can frustrate even the best thinkers&#39; decisions. (However, when outcomes are considered over a long period of time and a large number of trials, the better decision maker is overwhelmingly likely to have a higher proportion of successes.)</p><p><b>Obviously, no one should attach much significance to returns in one quarter or year. Investment performance is simply one result drawn from the full range of returns that could have materialized, and in the short term, it can be heavily influenced by random events. Thus, a single quarter&#39;s return is likely to be a very weak indicator of an investor&#39;s ability, if that.</b> Deciding whether a manager has a special skill - or whether an asset allocation is appropriate for the long run - on the basis of one quarter or year is like forming an opinion of a baseball player on the basis of one trip to the plate, or of a racehorse based on one race.</p><p>We know short-term performance doesn&#39;t matter much. And yet, most of the investment committees I&#39;ve sat on have had the latest quarter&#39;s performance as the first item on the agenda and devoted a meaningful portion of each meeting to it. The discussion is usually extensive, but it rarely leads to significant action. So why do we keep doing it? For the same reasons investors pay attention to forecasting, as described in <i>The Illusion of Knowledge</i>: &#34;everyone does it,&#34; and &#34;it would be irresponsible not to.&#34;</p><h2>What Doesn&#39;t Matter: Volatility</h2><p>I haven&#39;t written much about volatility, other than to say I strongly disagree with people who consider it the definition or essence of risk. I&#39;ve described my belief that the academics who developed the Chicago School theory of investment in the early 1960s (A) wanted to examine the relationship between investment returns and risk, (B) needed a number quantifying risk that they could put into their calculations, and (C) undoubtedly chose volatility as a proxy for risk for the simple reason that it was the only quantifiable metric available. I define risk as the probability of a bad outcome, and volatility is, at best, an indicator of the presence of risk. But volatility is not risk. That&#39;s all I&#39;m going to say on that subject.</p><p><b>What I want to talk about here is the extent to which thinking and caring about volatility has warped the investing world over the 50-plus years that I&#39;ve been in it.</b> It was a great advantage for me to have attended the Graduate School of Business at the University of Chicago in the late &#39;60s and to have been part of one of the very first classes that taught new theories. I learned about the efficient market hypothesis, the capital asset pricing model, the random walk, the importance of risk aversion, and the role of volatility as risk. While volatility wasn&#39;t a topic of conversation when I got into the real world of investing in 1969, the practice soon caught up with the theory.</p><p>In particular, the Sharpe ratio was adopted as the measure of risk-adjusted return. It&#39;s the ratio of a portfolio&#39;s excess return (the part of its return that exceeds the yield on T-bills) to its volatility. The more return per unit of volatility, the higher the risk-adjusted return. Risk adjustment is an essential concept, and returns should absolutely be evaluated relative to the risk that was taken to achieve them. Everyone cites Sharpe ratios, including Oaktree, because it&#39;s the only quantitative tool available for the job. (If investors, consultants, and clients didn&#39;t use the Sharpe ratio, they&#39;d have no metric at all, and if they tried to substitute fundamental riskiness for volatility in their assessments, they&#39;d find that there&#39;s no way to quantify it.) <b>The Sharpe ratio may hint at risk-adjusted performance in the same way that volatility hints at risk, but since volatility isn&#39;t risk, the Sharpe ratio is a very imperfect measure.</b></p><p>Take, for example, one of the asset classes I started working with in 1978: high-yield bonds. At Oaktree, we think moderately-above-benchmark returns can be produced with substantially less risk than the benchmark, and this shows up in superior Sharpe ratios. But the real risk in high-yield bonds - the one we care about and have a history of reducing - is the risk of default. We don&#39;t much care about reducing volatility, and we don&#39;t take conscious steps to do so. We believe high Sharpe ratios can result from - and perhaps are correlated with - the actions we take to reduce defaults.</p><p><b>Volatility is particularly irrelevant in our of fixed income or &#34;credit.&#34;</b> Bonds, notes, and loans represent contractual promises of periodic interest and repayment at maturity. <b>Most of the time when you buy a bond with an 8% yield, you&#39;ll basically get the 8% yield over its life, regardless of whether the bond price goes up or down in the interim.</b> I say &#34;basically&#34; because, if the price falls, you&#39;ll have the opportunity to reinvest the interest payments at yields above 8%, so your holding-period return will creep up. Thus, the downward price volatility that so many revile is actually a good thing - as long as it doesn&#39;t presage defaults. (Note that, as indicated in this paragraph, &#34;volatility&#34; is often a misnomer. Strategists and the media often warn that &#34;there may be volatility ahead.&#34; What they really mean is &#34;there may be price declines ahead.&#34; No one worries about, or minds experiencing, volatility to the upside.)</p><p><b>It&#39;s essential to recognize that protection from volatility generally isn&#39;t a free good. Reducing volatility for its own sake is a sub-optimizing strategy: It should be presumed that favoring lower-volatility assets and approaches will - all things being equal - lead to lower returns.</b> Only managers with superior skill, or alpha (see page 11), will be able to overcome this negative presumption and reduce return less than they reduce volatility.</p><p>Nevertheless, since many clients, bosses, and other constituents are uncomfortable with radical ups and downs (well, mostly with downs), asset managers often take steps to reduce volatility. Consider what happened after institutional investors began to pile into hedge funds following the three-year decline of stocks brought on by the bursting of the tech bubble in 2000. (This was the first three-year decline since 1939-41.) Hedge funds - previously members of a cottage industry where most funds had a few hundred million dollars of capital from wealthy individuals - did much better than stocks in the downdraft. Institutions were attracted to these funds&#39; low volatility, and thus invested billions in them.</p><p>The average hedge fund delivered the stability the institutions wanted. But somewhere in the shuffle, the idea of earning high returns with low volatility got lost. Instead, hedge fund managers pursued low volatility as a goal in itself, since they knew it was what the institutions were after. As a result, over roughly the last 18 years, the average hedge fund delivered the low volatility that was desired, but it was accompanied by modest single-digit returns. No miracle there.</p><p><b>Why do I recite all this? Because volatility is just a temporary phenomenon (assuming you survive it financially), and most investors shouldn&#39;t attach as much importance to it as they seem to.</b> As I wrote in <i>I Beg to Differ</i>, many investors have the luxury of being able to focus exclusively on the long term... if they will take advantage of it. Volatility should be less of a concern for investors:</p><ul><li>whose entities are long-lived, like life insurance companies, endowments, and pension funds;</li><li>whose capital isn&#39;t subject to lump-sum withdrawal;</li><li>whose essential activities won&#39;t be jeopardized by downward fluctuations;</li><li>who don&#39;t have to worry about being forced into mistakes by their constituents; and</li><li>who hasn&#39;t levered up with debt that might have to be repaid in the short run?</li></ul><p>Most investors lack some of these things, and few have them all. But to the extent these characteristics are present, investors should take advantage of their ability to withstand volatility, since many investments with the potential for high returns might be susceptible to substantial fluctuations.</p><p><b>Warren Buffett always puts it best, and on this topic, he usefully said, &#34;We prefer a lumpy 15% return to a smooth 12% return.&#34; Investors who&#39;d rather have the reverse - who find a smooth 12% preferable to a lumpy 15% - should ask themselves whether their aversion to volatility is mostly financial or mostly emotional.</b></p><p>Of course, the choices made by employees, investment committee members, and hired investment managers may have to reflect real-world considerations. People in charge of institutional portfolios can have valid reasons for avoiding ups and downs that their organizations or clients might be able to stomach in financial terms but would still find unpleasant. All anyone can do is the best they can under their particular circumstances. <b>But my bottom line is this: In many cases, people accord volatility far more important than they should.</b></p><h2>An Aside</h2><p>While I&#39;m on the subject of volatility, I want to turn to an area that hasn&#39;t reported much of it of late: private investment funds. The first nine months of 2022 constituted one of the worst periods on record for both stocks and bonds. Yet, many private equities and private debt funds are reporting only small losses for the year to date. I&#39;m often asked what this means, and whether it reflects reality.</p><p>Maybe the performance of private funds is being reported accurately. (I know we believe ours is.) But I recently came across an interesting <i>Financial Times</i> article provocatively titled, &#34;The volatility laundering, return manipulation and &#39;phoney happiness&#39; of private equity,&#34; by Robin Wigglesworth. Here&#39;s some of its content:</p><p>The widening performance gap between public and private markets is a huge topic these days. Investors have often seen as the gormless [foolish] dupes falling for the &#34;return manipulation&#34; of cunning private equity tycoons. But what if they are co-conspirators?...</p><p>That&#39;s what a new paper from three academics at the University of Florida argues. Based on nearly two decades worth of private equity real estate funds data, Blake Jackson, David Ling, and Andy Naranjo conclude that &#34;private equity fund managers manipulate returns to cater to their investors.&#34;</p><p><b>...Jackson, Ling, and Naranjo&#39;s... central conclusion is that &#34;GPs do not appear to manipulate interim returns to fool their LPs, but rather because their LPs want them to do so&#34;.</b></p><p>Similar to the idea that banks design financial products to cater to yield-seeking investors or firms issue dividends to cater to investor demand for dividend payments, we argue that PE fund managers boost interim performance reports to cater to some investors&#39; demand for manipulated returns.</p><p>...<b>If a GP boosts or smooths returns,...investment managers within LP organizations can report artificially higher Sharpe ratios, alphas, and top-line returns, such as IRRs, to their trustees or other overseers.</b> In doing so, these investment managers, whose median tenure of four years often expires years before the ultimate returns of a PE fund are realized, might improve their internal job security or potential labor market outcomes...</p><p>This probably helps explain why private equity firms on average actually reported gains of 1.6 percent in the first quarter of 2022 and only some modest marks downwards since then, despite global equities losing 22 percent of their value this year. (November 2, 2022. Emphasis added)</p><p>If both GPs and LPs are happy with returns that seem unusually good, might the result be suspect? Is the performance of private assets being stated accurately? Is the low volatility being reported genuine? If the current business climate is challenging, shouldn&#39;t that affect the prices of public and private investments alike?</p><p>But there&#39;s another series of relevant questions: Mightn&#39;t it be fair for GPs to decline to mark down private investments in companies that have experienced short-term weakness but whose long-term prospects remain bright? And while private investments might not have been marked down enough this year, isn&#39;t it true that the prices of public securities are more volatile than they should be, overstating the changes in long-term value? I certainly think public security prices reflect psychological swings that are often excessive. Should the prices of private investments emulate this?</p><p>As with most things, any inaccuracy in reporting will eventually come to light. Eventually, private debt will mature, and private equity holdings will have to be sold. If the returns being reported this year understate the real declines in value, performance from here on out will likely look surprisingly poor. And I&#39;m sure this will lead plenty of academics (and maybe a few regulators) to question whether the pricing of private investments in 2022 was too high. We&#39;ll see.</p><h2>What Doesn&#39;t Matter: Hyper-Activity</h2><p>In <i>Selling Out</i> (January 2022), I expressed my strong view that most investors trade too much. Since it&#39;s hard to make multiple consecutive decisions correctly, and trading costs money and is often likely to result from an investor&#39;s emotional swings, it&#39;s better to do less of it.</p><p><b>When I was a boy, there was a popular saying: Don&#39;t just sit there; do something. But for investing, I&#39;d invert it: Don&#39;t just do something; sit there.</b> Develop the mindset that you don&#39;t make money on what you buy and sell; you make money (hopefully) on what you hold. Think more. Trade less. Make fewer, but more consequential, trades. Over-diversification reduces the importance of each trade; thus it can allow investors to take actions without adequate investigation or great conviction. I think most portfolios are over-diversified and over-traded.</p><p>I devoted a good portion of <i>The Illusion of Knowledge</i> and <i>Selling Out</i> to warn investors about how difficult it is to improve returns through short-term market timing, and I quoted the great investor Bill Miller: &#34;Time, not timing, is key to building wealth in the stock market.&#34;</p><p>On this subject, I was recently asked by a consultant, &#34;If you don&#39;t try to get in and out of the market as appropriate, how do you earn your fees?&#34; My answer was that it&#39;s our job to assemble portfolios that will perform well over the long run, and market timing is unlikely to add to the outcome unless it can be done well, which I&#39;m not convinced is usually the case. &#34;What about you?&#34; I asked. &#34;If you help a client establish an appropriate asset allocation, does it follow that you&#39;re not earning your fees if you don&#39;t change it a month later?&#34;</p><p>Likewise, the day <i>The Illusion of Knowledge</i> came out, an old friend asked me, &#34;But you have to take a position [on short-run events], don&#39;t you?&#34; My answer, predictably, was, &#34;No, not if you don&#39;t have an advantage when doing so. Why would you bet on the outcome of a coin toss, especially if it costs money to play?&#34;</p><p>I&#39;ll end my discussion of this subject with a wonderful citation:</p><p>A news item that has gotten a lot of attention recently concerned an internal performance review of Fidelity accounts to determine which type of investors received the best returns between 2003 and 2013. The customer account audit revealed that the best investors were either dead or inactive - the people who switched jobs and &#34;forgot&#34; about an old 401(K) leaving the current options in place, or the people who died and the assets were frozen while the estate handled the assets. (&#34;Fidelity&#39;s Best Investors Are Dead,&#34; <i>The Conservative Income Investor</i>, April 8, 2020)</p><p>Since the journalists have been unable to find the Fidelity study, and apparently so has Fidelity, the story is probably apocryphal. But I still like the idea, since the conclusion is so much in line with my thinking. <b>I&#39;m not saying it&#39;s worth dying to improve investment performance, but it might be a good idea for investors to simulate that condition by sitting on their hands.</b></p><h2>So What Does Matter?</h2><p><b>What really matters is the performance of your holdings over the next five or ten years (or more) and how the value at the end of the period compares to the amount you invested and to your needs.</b> Some people say the long run is a series of short runs, and if you get those right, you&#39;ll enjoy success in the long run. They might think the route to success consists of trading often in order to capitalize on relative value assessments, predictions regarding swings in popularity, and forecasts of macro events. I obviously do not.</p><p>Most individual investors and anyone who understands the limitations regarding outperformance would probably be best off holding index funds over the long run. Investment professionals and others who feel they need or want to engage in active management might benefit from the following suggestions.</p><p>I think most people would be more successful if they focused less on the short-run or macro trends and instead worked hard to gain superior insight concerning the outlook for fundamentals over multi-year periods in the future. They should:</p><ul><li><p>study companies and securities, assessing things such as their earnings potential;</p></li><li><p>buy the ones that can be purchased at attractive prices relative to their potential;</p></li><li><p>hold onto them as long as the company&#39;s earnings outlook and the attractiveness of the price remain intact; and</p></li><li><p>make changes only when those things can&#39;t be reconfirmed, or when something better comes along.</p></li></ul><p><b>At the London conference mentioned on page one - while I was discussing (and discouraging) paying attention to the short run - I said that at Oaktree we consider it our job to (A) buy debt that will be serviced as promised (or will return the same amount or more if not) and (B) invest in companies that will become more valuable over time. I&#39;ll stick with that.</b></p><p>The above description of the investor&#39;s job is quite simple... some might say simplistic. And it is. Setting out the goals and the process in broad terms is easy. The hard part is executing better than most people: That&#39;s the only route to market-beating performance. <b>Since average decision-making is reflected in security prices and produces average performance, superior results have to be based on superior insight.</b> But I can&#39;t tell you how to do these things better than the average investor.</p><p>There&#39;s a lot more to the process, and I&#39;m going to outline some of what I think are key elements to remember. You&#39;ll recognize recurring themes here, from other memos, and from earlier pages in this one, but I make no apology for dwelling on things that are important:</p><ul><li><p>Forget the short run - only the long run matters. Think of securities as interests in companies, not trading cards.</p></li><li><p>Decide whether you believe in market efficiency. If so, is your market sufficiently inefficient to permit outperformance, and are you up to the task of exploiting it?</p></li><li><p>Decide whether your approach will lean more toward aggressiveness or defensiveness. Will you try to find more and bigger winners or focus on avoiding losers, or both? Will you try to make more on the way up or lose less on the down, or both? (Hint: &#34;both&#34; is much harder to achieve than one or the other.) In general, people&#39;s investment styles should fit their personalities.</p></li><li><p>Think about what your normal risk posture should be - your normal balance between aggressiveness and defensiveness - based on your or your clients&#39; financial position, needs, aspirations, and ability to live with fluctuations. Consider whether you&#39;ll vary your balance depending on what happens in the market.</p></li><li><p>Adopt a healthy attitude toward return and risk. Understand that &#34;the more return potential, the better&#34; can be a dangerous rule to follow given that increased return potential is usually accompanied by increased risk. On the other hand, completely avoiding risk usually leads to avoiding return as well.</p></li><li><p>Insist on an adequate margin of safety, or the ability to weather periods when things go less well than you expected.</p></li><li><p>Stop trying to predict the macro; study the micro like mad in order to know your subject better than others. Understand that you can expect to succeed only if you have a knowledge advantage, and be realistic about whether you have it or not. Recognize that trying harder isn&#39;t enough. Accept my son Andrew&#39;s view that merely possessing &#34;readily available quantitative information regarding the present&#34; won&#39;t give you above-average results, since everyone else has it.</p></li><li><p>Recognize that psychology swings much more than fundamentals, and usually in the wrong direction or at the wrong time. Understand the importance of resisting those swings. Profit if you can by being counter-cyclical and contrarian.</p></li><li><p>Study conditions in the investment environment - especially investor behavior - and consider where things stand in terms of the cycle. Understand that where the market stands in its cycle will strongly influence whether the odds are in your favor or against you.</p></li><li><p>Buy debt when you like the yield, not for trading purposes. In other words, buy 9% bonds if you think the yield compensates you for the risk, and you&#39;ll be happy with 9%. Don&#39;t buy 9% bonds expecting to make 11% thanks to price appreciation resulting from declining interest rates.</p></li></ul><p><b>Of critical importance, equity investors should make their primary goals (A) participating in the secular growth of economies and companies and (B) benefiting from the wonder of compounding.</b> Think about the 10.5% yearly return of the S&amp;P 500 Index (or its predecessors) since 1926 and the fact that this would have turned $1 into over $13,000 by now, even though the period witnessed 16 recessions, one Great Depression, several wars, one World War, a global pandemic, and many instances of geopolitical turmoil.</p><p><b>Think of participating in the long-term performance of the average as the main event and the active efforts to improve on it as &#34;embroidery around the edges.&#34;</b> This might be the reverse of most active investors&#39; attitudes. Improving results through over- and underweighting, short-term trading, market timing, and other active measures aren&#39;t easy. <b>Believing you can do these things successfully requires the assumption that you&#39;re smarter than a bunch of very smart people. Think twice before proceeding, as the requirements for success are high (see below).</b></p><p>Don&#39;t mess it up by over-trading. Think of buying and selling as an expense item, not a profit center. I love the idea of the automated factory of the future, with one man and one dog; The dog&#39;s job is to keep the man from touching the machinery, and the man&#39;s job is to feed the dog. <b>Investors should find a way to keep their hands off their portfolios most of the time.</b></p><h2>A Special Word in Closing: Asymmetry</h2><p><b>&#34;Asymmetry&#34; is a concept I&#39;ve been conscious of for decades and consider more important with every passing year. It&#39;s my word for the essence of investment excellence and a standard against which investors should be measured.</b></p><p>First, some definitions:</p><ul><li><p>I&#39;m going to talk below about whether an investor has &#34;alpha.&#34; Alpha is technically defined as a return in excess of the benchmark return, but I prefer to think of it as a superior investing skill. It&#39;s the ability to find and exploit inefficiencies when they&#39;re present.</p></li><li><p>Inefficiencies - mispricings or mistakes - represent instances when an asset&#39;s price diverges from its fair value. These divergences can show up as bargains or the opposite, over-pricings.</p></li><li><p>Bargains will dependably perform better than other investments over time after adjustment for their riskiness. Over-pricings will do the opposite.</p></li><li><p>&#34;Beta&#34; is an investor&#39;s or a portfolio&#39;s relative volatility, also described as relative sensitivity or systematic risk.</p></li></ul><p>People who believe in the efficient market hypothesis think of a portfolio&#39;s return as the product of the market&#39;s return multiplied by the portfolio&#39;s beta. This is all it takes to explain results since there are no mispricings to take advantage of in an efficient market (and so no such thing as alpha). <b>Thus, alpha is a skill that enables an investor to produce performance better than that which is explained purely by market return and beta.</b> Another way to say this is that having alpha allows an investor to enjoy profit potential that is disproportionate to loss potential: asymmetry. In my view, asymmetry is present when an investor can repeatedly do some or all of the following:</p><ul><li><p>make more money in good markets than he gives back in bad markets,</p></li><li><p>have more winners than losers,</p></li><li><p>make more money on his winners than he loses on his losers,</p></li><li><p>do well when his aggressive or defensive bias proves timely but not badly when it doesn&#39;t,</p></li><li><p>do well when his sector or strategy is in favor but not badly when it isn&#39;t, and</p></li><li><p>construct portfolios so that most of the surprises are on the upside.</p></li></ul><p>For example, most of us have an inherent bias toward either aggressiveness or defensiveness. For this reason, it doesn&#39;t mean much if an aggressive investor outperforms in a good year or a defensive investor outperforms in a bad year. To determine whether they have alpha and produce asymmetry, we have to consider whether the aggressive investor is able to avoid the full loss that his aggressiveness alone would produce in a bad market and whether the defensive investor can avoid missing out on too much of the gain when the market does well. <b>In my opinion, &#34;excellence&#34; lies in the asymmetry between the results in good and bad times.</b></p><p><b>As I see it, if inefficiencies are present in an investor&#39;s market, and she has alpha, the impact will show up in asymmetrical returns. If her returns show no asymmetry, the investor doesn&#39;t have alpha (or perhaps there are no inefficiencies for her to identify). Flipping that over, if an investor doesn&#39;t have alpha, her returns won&#39;t be asymmetrical. It&#39;s as simple as that.</b></p><p>To simplify, here&#39;s what I think about asymmetry. This discussion is based on material I included in my 2018 book <i>Mastering the Market Cycle:Getting the Odds on Your Side</i>. While I may appear to be talking about one good year and one bad one, these observations can only be considered valid if these patterns hold over a meaningful number of years.</p><p>Let&#39;s consider a manager&#39;s performance:</p><table><tbody><tr><td>Market performance</td><td>+10%</td><td>-10%</td></tr><tr></tr><tr><td>Manager A</td><td>+10%</td><td>-10%</td></tr></tbody></table><p>The above manager clearly adds no value. You might as well invest in an index fund (probably at a much lower fee).</p><p>These two managers also add no value:</p><table><tbody><tr><td>Market performance</td><td>+10%</td><td>-10%</td></tr><tr></tr><tr><td>Manager B</td><td>+5%</td><td>-5%</td></tr><tr><td>Manager C</td><td>+20%</td><td>-20%</td></tr></tbody></table><p>Manager B is just a no-alpha manager with a beta of 0.5, and manager C is a no-alpha manager with a beta of 2.0. You could get the same results as manager B by putting half your capital in an index fund and keeping the rest under your mattress and in the case of manager C, by doubling your investment with borrowed capital and putting it all in an index fund.</p><p>These two managers, however, do have alpha, as they exhibit asymmetry:</p><table><tbody><tr><td>Market performance</td><td>+10%</td><td>-10%</td></tr><tr></tr><tr><td>Manager D</td><td>+17%</td><td>-12%</td></tr><tr><td>Manager E</td><td>+9%</td><td>-3%</td></tr></tbody></table><p>Both managers&#39; returns reflect more of the market&#39;s gain in good times than they do its loss in bad ones. Manager D might be described as an aggressive manager with alpha; she achieves 170% of the market&#39;s return when the market rises but suffers only 120% of the loss when it falls. Manager E is a defensive manager with alpha; his returns reflect 90% of the gain in an up market but only 30% of the loss in a down market. These asymmetries can only be attributed to the presence of alpha. Risk-tolerant clients will prefer to invest in D, and risk-averse ones will prefer E.</p><p>This manager is truly exceptional:</p><table><tbody><tr><td>Market performance</td><td>+10%</td><td>-10%</td></tr><tr></tr><tr><td>Manager F</td><td>+20%</td><td>-5%</td></tr></tbody></table><p>She beat the market in both directions: She&#39;s up more than the market when it rises and down less when it falls. She&#39;s up so much in a good market that you might be tempted to describe her as aggressive. But since she&#39;s down less in a down market, that description won&#39;t hold. Either she doesn&#39;t have a bias in terms of aggressiveness versus defensiveness, or her alpha is great enough to offset it.</p><p>Finally, here&#39;s one of the greatest managers of all time:</p><table><tbody><tr><td>Market performance</td><td>+10%</td><td>-10%</td></tr><tr></tr><tr><td>Manager G</td><td>+20%</td><td>+5%</td></tr></tbody></table><p>Manager G is up in good and bad markets alike. He clearly doesn&#39;t have an aggressiveness/defensiveness bias, since his performance is exceptional in both markets. His alpha is sufficient to enable him to buck the trend and achieve a positive return in a down year. When you find Manager G, you should (A) do extensive due diligence regarding his reported performance, (B) if the numbers hold up, invest a lot of money with him, (C) hope he won&#39;t accept so much money that his edge goes away, and (D) send me his number.</p><p>What matters most? Asymmetry.</p><ul><li><p>In sum, asymmetry shows up in a manager&#39;s ability to do very well when things go his way and not too bad when they don&#39;t.</p></li><li><p>A great adage says, &#34;Never confuse brains and a bull market.&#34; Managers with the skill needed to produce asymmetry are special because they&#39;re able to fashion good gains from sources other than market advances.</p></li><li><p><b>When you think about it, the active investment business is, at its heart, completely about asymmetry. If a manager&#39;s performance doesn&#39;t exceed what can be explained by market returns and his relative risk posture - which stems from his choice of market sector, tactics, and level of aggressiveness - he simply hasn&#39;t earned his fees.</b></p></li></ul><p>Without asymmetry (see Managers A, B, and C on page 12), active management delivers no value and deserves no fees. <b>Indeed, all the choices an active investor makes will be for naught if he doesn&#39;t possess superior skill or insight.</b> By definition, average investors and below-average investors don&#39;t have alpha and can&#39;t produce asymmetry.</p><p>The big question is how to achieve asymmetry. Most of the things people focus on - the things I describe on pages one through nine as not mattering - can&#39;t provide it. As I&#39;ve said before, the average of all investors&#39; thinking produces market prices and, obviously, average performance. <b>Asymmetry can only be demonstrated by the relatively few people with superior skill and insight.</b> The key lies in finding them.</p><p><i><b>Editor&#39;s Note:</b></i><i> The summary bullets for this article were chosen by Seeking Alpha editors.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Latest Memo From Howard Marks: What Really Matters?</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\">\nLatest Memo From Howard Marks: What Really Matters?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-24 23:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4560095-latest-memo-from-howard-marks-what-really-matters><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe vast majority of investors can’t know for sure what macro events lie just ahead or how the markets will react to the things that do happen.Most people buy stocks with the goal of selling ...</p>\n\n<a href=\"https://seekingalpha.com/article/4560095-latest-memo-from-howard-marks-what-really-matters\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4560095-latest-memo-from-howard-marks-what-really-matters","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2285384020","content_text":"SummaryThe vast majority of investors can’t know for sure what macro events lie just ahead or how the markets will react to the things that do happen.Most people buy stocks with the goal of selling them at a higher price, thinking they’re for trading, not for owning.Most individual investors and anyone who understands the limitations regarding outperformance would probably be best off holding index funds over the long run.We AreI've gathered a few ideas from several of my memos this year - plus some recent musings and conversations - to form the subject of this memo: what really matters or should matter for investors. I'll start by examining a number of things that I think don't matter.What Doesn't Matter: Short-Term EventsIn The Illusion of Knowledge (September 2022), I railed against macro forecasting, which in our profession mostly concerns the next year or two. And in I Beg to Differ (July 2022), I discussed the questions I was asked most frequently at Oaktree's June 21 conference in London: How bad will inflation get? How much will the Fed raise interest rates to fight it? Will those increases cause a recession? How bad and for how long? The bottom line, I told the attendees, was that these things all relate to the short term, and this is what I know about the short term:Most investors can't do a superior job of predicting short-term phenomena like these.Thus, they shouldn't put much stock in opinions on these subjects (theirs or those of others).They're unlikely to make major changes in their portfolios in response to these opinions.The changes they do make are unlikely to be consistently right.Thus, these aren't the things that matter.Consider an example. In response to the first tremors of the Global Financial Crisis, the Federal Reserve began to cut the fed funds rate in 3Q2007. They then lowered it to zero around the end of 2008 and left it there for seven years. In late 2015, virtually the only question I got was \"When will the first rate increase occur?\" My answer was always the same: \"Why do you care? If I say 'February,' what will you do? And if I later change my mind and say 'May,' what will you do differently? If everyone knows rates are about to rise, what difference does it make which month the process starts?\" No one ever offered a convincing answer. Investors probably think asking such questions is part of behaving professionally, but I doubt they could explain why.The vast majority of investors can't know for sure what macro events lie just ahead or how the markets will react to the things that do happen. In The Illusion of Knowledge, I wrote at length about the way unforeseen events make a hash of economic and market forecasts. In summary, most forecasts are extrapolations, and most of the time things don't change, so extrapolations are usually correct, but not particularly profitable. On the other hand, accurate forecasts of deviations from trends can be very profitable, but they're hard to make and hard to act on. These are some of the reasons why most people can't predict the future well enough to repeatably produce superior performance.Why is doing this so hard? Don't most of us know what events are likely to transpire? Can't we just buy the securities of the companies that are most likely to benefit from those events? In the long run, maybe, but I want to turn to a theme that Bruce Karsh has been emphasizing lately, regarding a major reason why it's particularly challenging to profit from a short-term focus: It's verydifficult to know which expectations regarding events are already incorporated in security prices.One of the critical mistakes people are guilty of - we see it all the time in the media - is believing that changes in security prices are the result of events: that favorable events lead to rising prices and negative events lead to falling prices. I think that's what most people believe - especially first-level thinkers - but that's not right. Security prices are determined by events and how investors react to those events, which is largely a function of how the events stack up against investors' expectations.How can we explain a company that reports higher earnings, only to see its stock price drop? The answer, of course, is that the reported improvement fell short of expectations and thus disappointed investors. So, at the most elementary level, it's not whether the event is simply positive or not, but how the event compares with what was expected.In my earliest working years, I used to spend a few minutes each day looking over the earnings reports printed in The Wall Street Journal. But after a while, it dawned on me that since I didn't know what numbers had been expected, I had no idea whether an announcement from a company I didn't follow was good news or bad.Investors can become experts regarding a few companies and their securities, but no one is likely to know enough about macro events to (A) be able to understand the macro expectations that underlie the prices of securities, (B) anticipate the broad events, and (C) predict how those securities will react. Where can a prospective buyer look to find out what the investors who set securities prices already anticipate in terms of inflation, GDP, or unemployment? Inferences regarding expectations can sometimes be drawn from asset prices, but the inferred levels often aren't proved correct when the actual results come in.Further, in the short term, security prices are highly susceptible to random and exogenous events that can swamp the impact of fundamental events. Macro events and the ups and downs of companies' near-term fortunes are unpredictable and not necessarily indicative of - or relevant to - companies' long-term prospects. So little attention should be paid to them. For example, companies often deliberately reduce current earnings by investing in the future of their businesses; thus, low reported earnings can imply high future earnings, not continued low earnings. To know the difference, you have to have an in-depth understanding of the company.No one should be fooled into thinking security pricing is a dependable process that accurately follows a set of rules. Events are unpredictable; they can be altered by unpredictable influences, and investors' reactions to the events that occur are unpredictable. Due to the presence of so much uncertainty, most investors are unable to improve their results by focusing on the short term.It's clear from observation that security prices fluctuate much more than economic output or company profits. What accounts for this? It must be the fact that, in the short term, the ups and downs of prices are influenced far more by swings in investor psychology than by changes in companies' long-term prospects. Because swings in psychology matter more in the near term than changes in fundamentals - and are so hard to predict - most short-term trading is a waste of time... or worse.What Doesn't Matter: The Trading MentalityOver the years, my memos have often included some of my father's jokes from the 1950s, based on my strong belief that humor often reflects truths about the human condition. Given its relevance here, I'm going to devote a bit of space to a joke I've shared before:I include this old joke because I believe most people treat stocks and bonds like something to trade, not something to own.If you ask Warren Buffett to describe the foundation of his approach to investing, he'll probably start by insisting that stocks should be thought of as ownership interests in companies. Most people don't start companies with the goal of selling them in the short term, but rather they seek to operate them, enjoy profitability, and expand the business. Of course, founders do these things to ultimately make money, but they're likely to view the money as the byproduct of having run a successful business. Buffett says people who buy stocks should think of themselves as partners of owners with whom they share goals.But I think that's rarely the case. Most people buy stocks with the goal of selling them at a higher price, thinking they're for trading, not for owning. This means they abandon the owner mentality and instead act like gamblers or speculators who bet on stock price moves. The results are often unpleasant.The DALBAR Institute 2012 study showed that investors receive three percentage points less per year than the S&P 500 generated from 1992 to 2012, and the average holding period for a typical investor is six months. Six Months!! When you hold a stock for less than a year, you are not using the stock market to acquire business ownership positions and participate in the growth of that business. Instead, you are just guessing at short-term news and expectations, and your returns are based on how other people react to that news information. In aggregate, that kind of attitude gets you three percentage points less per year than you'd get from doing nothing at all beyond making the initial investment in the index fund of the S&P 500. (\"Fidelity's Best Investors Are Dead,\" The Conservative Income Investor, April 8, 2020)To me, buying for a short-term trade equates to forgetting about your sports team's chances of winning the championship and instead betting on who's going to succeed in the next play, period, or inning.Let's think about the logic. You buy a stock because you think it's worth more than you have to pay for it, whereas the seller considers it fully priced. Someday, if things go well, it'll become fully priced, in your opinion, meaning you'll sell it. The person you sell it to, however, will buy it because he thinks it's worth still more. We used to talk about this process as being reliant on the Greater Fool Theory: No matter what price I pay for a stock, there will always be someone who will buy it from me for more, despite the fact that I'm selling because I've concluded that it has reached full value.Every buyer is motivated by the belief that the stock will eventually be worth more than today's price (a view the seller presumably doesn't share). The key question is what type of thinking underlies these purchases. Are the buyers buying because this is a company they'd like to own a piece of for years? Or are they merely betting that the price will go up? The transactions may look the same from the outside, but I wonder about the thought process and thus the soundness of the logic.Each time a stock is traded, one side is wrong and one is right. But if what you're doing is betting on trends in popularity, and thus the direction of price moves over the next month, quarter, or year, is it realistic to believe you'll be right more often than the person on the other side of the trade? Maybe the decline of active management can be attributed to the many active managers who placed bets on the direction of stock prices in the short term, instead of picking companies they wanted to own part of for years. It's all a matter of the underlying mentality.I had a long debate on this topic with my father back in 1969, when I lived with him during my first months at First National City Bank. (It's amazing for me to think back to those days; he was so much younger than I am today.) I told him I thought buying a stock should be motivated by something other than the hope that the price would rise, and I suggested this might be the expectation that dividends would increase over time. He countered that no one buys stocks for the dividends - they buy because they think the price will go up. But what would trigger the rise?Wanting to own a business for its commercial merit and long-term earnings potential is a good reason to be a stockholder, and if these expectations are borne out, a good reason to believe the stock price will rise. In the absence of that, buying in the hope of appreciation merely amounts to trying to guess which industries and companies investors will favor in the future. Ben Graham famously said, \"In the short run, a market is a voting machine, but in the long run, it is a weighing machine.\" While none of this is easy, as Charlie Munger once told me, carefully weighing long-term merit should produce better results than trying to guess at short-term swings in popularity.What Doesn't Matter: Short-Term PerformanceGiven the possible contributors to short-term investment performance, reported results can present a highly misleading picture, and here I'm talking mostly about superior gains in good times. I feel there are three ingredients for success during good times - aggressiveness, timing, and skill - and if you have enough aggressiveness at the right time, you don't need that much skill. We all know that in good times, the highest returns often go to the person whose portfolio incorporates the most risk, beta, and correlation. Having such a portfolio isn't a mark of distinction or insight if the investor is a perma-bull who's always positioned aggressively. Finally, random events can have an overwhelming impact on returns - in either direction - in a given quarter or year.One of the recurring themes in my memos is the idea that the quality of a decision cannot be determined by the outcome alone. Decisions often lead to negative outcomes even when they're well-reasoned and based on all the available information. On the other hand, we all know people - even occasionally ourselves - who've been right for the wrong reason. Hidden information and random developments can frustrate even the best thinkers' decisions. (However, when outcomes are considered over a long period of time and a large number of trials, the better decision maker is overwhelmingly likely to have a higher proportion of successes.)Obviously, no one should attach much significance to returns in one quarter or year. Investment performance is simply one result drawn from the full range of returns that could have materialized, and in the short term, it can be heavily influenced by random events. Thus, a single quarter's return is likely to be a very weak indicator of an investor's ability, if that. Deciding whether a manager has a special skill - or whether an asset allocation is appropriate for the long run - on the basis of one quarter or year is like forming an opinion of a baseball player on the basis of one trip to the plate, or of a racehorse based on one race.We know short-term performance doesn't matter much. And yet, most of the investment committees I've sat on have had the latest quarter's performance as the first item on the agenda and devoted a meaningful portion of each meeting to it. The discussion is usually extensive, but it rarely leads to significant action. So why do we keep doing it? For the same reasons investors pay attention to forecasting, as described in The Illusion of Knowledge: \"everyone does it,\" and \"it would be irresponsible not to.\"What Doesn't Matter: VolatilityI haven't written much about volatility, other than to say I strongly disagree with people who consider it the definition or essence of risk. I've described my belief that the academics who developed the Chicago School theory of investment in the early 1960s (A) wanted to examine the relationship between investment returns and risk, (B) needed a number quantifying risk that they could put into their calculations, and (C) undoubtedly chose volatility as a proxy for risk for the simple reason that it was the only quantifiable metric available. I define risk as the probability of a bad outcome, and volatility is, at best, an indicator of the presence of risk. But volatility is not risk. That's all I'm going to say on that subject.What I want to talk about here is the extent to which thinking and caring about volatility has warped the investing world over the 50-plus years that I've been in it. It was a great advantage for me to have attended the Graduate School of Business at the University of Chicago in the late '60s and to have been part of one of the very first classes that taught new theories. I learned about the efficient market hypothesis, the capital asset pricing model, the random walk, the importance of risk aversion, and the role of volatility as risk. While volatility wasn't a topic of conversation when I got into the real world of investing in 1969, the practice soon caught up with the theory.In particular, the Sharpe ratio was adopted as the measure of risk-adjusted return. It's the ratio of a portfolio's excess return (the part of its return that exceeds the yield on T-bills) to its volatility. The more return per unit of volatility, the higher the risk-adjusted return. Risk adjustment is an essential concept, and returns should absolutely be evaluated relative to the risk that was taken to achieve them. Everyone cites Sharpe ratios, including Oaktree, because it's the only quantitative tool available for the job. (If investors, consultants, and clients didn't use the Sharpe ratio, they'd have no metric at all, and if they tried to substitute fundamental riskiness for volatility in their assessments, they'd find that there's no way to quantify it.) The Sharpe ratio may hint at risk-adjusted performance in the same way that volatility hints at risk, but since volatility isn't risk, the Sharpe ratio is a very imperfect measure.Take, for example, one of the asset classes I started working with in 1978: high-yield bonds. At Oaktree, we think moderately-above-benchmark returns can be produced with substantially less risk than the benchmark, and this shows up in superior Sharpe ratios. But the real risk in high-yield bonds - the one we care about and have a history of reducing - is the risk of default. We don't much care about reducing volatility, and we don't take conscious steps to do so. We believe high Sharpe ratios can result from - and perhaps are correlated with - the actions we take to reduce defaults.Volatility is particularly irrelevant in our of fixed income or \"credit.\" Bonds, notes, and loans represent contractual promises of periodic interest and repayment at maturity. Most of the time when you buy a bond with an 8% yield, you'll basically get the 8% yield over its life, regardless of whether the bond price goes up or down in the interim. I say \"basically\" because, if the price falls, you'll have the opportunity to reinvest the interest payments at yields above 8%, so your holding-period return will creep up. Thus, the downward price volatility that so many revile is actually a good thing - as long as it doesn't presage defaults. (Note that, as indicated in this paragraph, \"volatility\" is often a misnomer. Strategists and the media often warn that \"there may be volatility ahead.\" What they really mean is \"there may be price declines ahead.\" No one worries about, or minds experiencing, volatility to the upside.)It's essential to recognize that protection from volatility generally isn't a free good. Reducing volatility for its own sake is a sub-optimizing strategy: It should be presumed that favoring lower-volatility assets and approaches will - all things being equal - lead to lower returns. Only managers with superior skill, or alpha (see page 11), will be able to overcome this negative presumption and reduce return less than they reduce volatility.Nevertheless, since many clients, bosses, and other constituents are uncomfortable with radical ups and downs (well, mostly with downs), asset managers often take steps to reduce volatility. Consider what happened after institutional investors began to pile into hedge funds following the three-year decline of stocks brought on by the bursting of the tech bubble in 2000. (This was the first three-year decline since 1939-41.) Hedge funds - previously members of a cottage industry where most funds had a few hundred million dollars of capital from wealthy individuals - did much better than stocks in the downdraft. Institutions were attracted to these funds' low volatility, and thus invested billions in them.The average hedge fund delivered the stability the institutions wanted. But somewhere in the shuffle, the idea of earning high returns with low volatility got lost. Instead, hedge fund managers pursued low volatility as a goal in itself, since they knew it was what the institutions were after. As a result, over roughly the last 18 years, the average hedge fund delivered the low volatility that was desired, but it was accompanied by modest single-digit returns. No miracle there.Why do I recite all this? Because volatility is just a temporary phenomenon (assuming you survive it financially), and most investors shouldn't attach as much importance to it as they seem to. As I wrote in I Beg to Differ, many investors have the luxury of being able to focus exclusively on the long term... if they will take advantage of it. Volatility should be less of a concern for investors:whose entities are long-lived, like life insurance companies, endowments, and pension funds;whose capital isn't subject to lump-sum withdrawal;whose essential activities won't be jeopardized by downward fluctuations;who don't have to worry about being forced into mistakes by their constituents; andwho hasn't levered up with debt that might have to be repaid in the short run?Most investors lack some of these things, and few have them all. But to the extent these characteristics are present, investors should take advantage of their ability to withstand volatility, since many investments with the potential for high returns might be susceptible to substantial fluctuations.Warren Buffett always puts it best, and on this topic, he usefully said, \"We prefer a lumpy 15% return to a smooth 12% return.\" Investors who'd rather have the reverse - who find a smooth 12% preferable to a lumpy 15% - should ask themselves whether their aversion to volatility is mostly financial or mostly emotional.Of course, the choices made by employees, investment committee members, and hired investment managers may have to reflect real-world considerations. People in charge of institutional portfolios can have valid reasons for avoiding ups and downs that their organizations or clients might be able to stomach in financial terms but would still find unpleasant. All anyone can do is the best they can under their particular circumstances. But my bottom line is this: In many cases, people accord volatility far more important than they should.An AsideWhile I'm on the subject of volatility, I want to turn to an area that hasn't reported much of it of late: private investment funds. The first nine months of 2022 constituted one of the worst periods on record for both stocks and bonds. Yet, many private equities and private debt funds are reporting only small losses for the year to date. I'm often asked what this means, and whether it reflects reality.Maybe the performance of private funds is being reported accurately. (I know we believe ours is.) But I recently came across an interesting Financial Times article provocatively titled, \"The volatility laundering, return manipulation and 'phoney happiness' of private equity,\" by Robin Wigglesworth. Here's some of its content:The widening performance gap between public and private markets is a huge topic these days. Investors have often seen as the gormless [foolish] dupes falling for the \"return manipulation\" of cunning private equity tycoons. But what if they are co-conspirators?...That's what a new paper from three academics at the University of Florida argues. Based on nearly two decades worth of private equity real estate funds data, Blake Jackson, David Ling, and Andy Naranjo conclude that \"private equity fund managers manipulate returns to cater to their investors.\"...Jackson, Ling, and Naranjo's... central conclusion is that \"GPs do not appear to manipulate interim returns to fool their LPs, but rather because their LPs want them to do so\".Similar to the idea that banks design financial products to cater to yield-seeking investors or firms issue dividends to cater to investor demand for dividend payments, we argue that PE fund managers boost interim performance reports to cater to some investors' demand for manipulated returns....If a GP boosts or smooths returns,...investment managers within LP organizations can report artificially higher Sharpe ratios, alphas, and top-line returns, such as IRRs, to their trustees or other overseers. In doing so, these investment managers, whose median tenure of four years often expires years before the ultimate returns of a PE fund are realized, might improve their internal job security or potential labor market outcomes...This probably helps explain why private equity firms on average actually reported gains of 1.6 percent in the first quarter of 2022 and only some modest marks downwards since then, despite global equities losing 22 percent of their value this year. (November 2, 2022. Emphasis added)If both GPs and LPs are happy with returns that seem unusually good, might the result be suspect? Is the performance of private assets being stated accurately? Is the low volatility being reported genuine? If the current business climate is challenging, shouldn't that affect the prices of public and private investments alike?But there's another series of relevant questions: Mightn't it be fair for GPs to decline to mark down private investments in companies that have experienced short-term weakness but whose long-term prospects remain bright? And while private investments might not have been marked down enough this year, isn't it true that the prices of public securities are more volatile than they should be, overstating the changes in long-term value? I certainly think public security prices reflect psychological swings that are often excessive. Should the prices of private investments emulate this?As with most things, any inaccuracy in reporting will eventually come to light. Eventually, private debt will mature, and private equity holdings will have to be sold. If the returns being reported this year understate the real declines in value, performance from here on out will likely look surprisingly poor. And I'm sure this will lead plenty of academics (and maybe a few regulators) to question whether the pricing of private investments in 2022 was too high. We'll see.What Doesn't Matter: Hyper-ActivityIn Selling Out (January 2022), I expressed my strong view that most investors trade too much. Since it's hard to make multiple consecutive decisions correctly, and trading costs money and is often likely to result from an investor's emotional swings, it's better to do less of it.When I was a boy, there was a popular saying: Don't just sit there; do something. But for investing, I'd invert it: Don't just do something; sit there. Develop the mindset that you don't make money on what you buy and sell; you make money (hopefully) on what you hold. Think more. Trade less. Make fewer, but more consequential, trades. Over-diversification reduces the importance of each trade; thus it can allow investors to take actions without adequate investigation or great conviction. I think most portfolios are over-diversified and over-traded.I devoted a good portion of The Illusion of Knowledge and Selling Out to warn investors about how difficult it is to improve returns through short-term market timing, and I quoted the great investor Bill Miller: \"Time, not timing, is key to building wealth in the stock market.\"On this subject, I was recently asked by a consultant, \"If you don't try to get in and out of the market as appropriate, how do you earn your fees?\" My answer was that it's our job to assemble portfolios that will perform well over the long run, and market timing is unlikely to add to the outcome unless it can be done well, which I'm not convinced is usually the case. \"What about you?\" I asked. \"If you help a client establish an appropriate asset allocation, does it follow that you're not earning your fees if you don't change it a month later?\"Likewise, the day The Illusion of Knowledge came out, an old friend asked me, \"But you have to take a position [on short-run events], don't you?\" My answer, predictably, was, \"No, not if you don't have an advantage when doing so. Why would you bet on the outcome of a coin toss, especially if it costs money to play?\"I'll end my discussion of this subject with a wonderful citation:A news item that has gotten a lot of attention recently concerned an internal performance review of Fidelity accounts to determine which type of investors received the best returns between 2003 and 2013. The customer account audit revealed that the best investors were either dead or inactive - the people who switched jobs and \"forgot\" about an old 401(K) leaving the current options in place, or the people who died and the assets were frozen while the estate handled the assets. (\"Fidelity's Best Investors Are Dead,\" The Conservative Income Investor, April 8, 2020)Since the journalists have been unable to find the Fidelity study, and apparently so has Fidelity, the story is probably apocryphal. But I still like the idea, since the conclusion is so much in line with my thinking. I'm not saying it's worth dying to improve investment performance, but it might be a good idea for investors to simulate that condition by sitting on their hands.So What Does Matter?What really matters is the performance of your holdings over the next five or ten years (or more) and how the value at the end of the period compares to the amount you invested and to your needs. Some people say the long run is a series of short runs, and if you get those right, you'll enjoy success in the long run. They might think the route to success consists of trading often in order to capitalize on relative value assessments, predictions regarding swings in popularity, and forecasts of macro events. I obviously do not.Most individual investors and anyone who understands the limitations regarding outperformance would probably be best off holding index funds over the long run. Investment professionals and others who feel they need or want to engage in active management might benefit from the following suggestions.I think most people would be more successful if they focused less on the short-run or macro trends and instead worked hard to gain superior insight concerning the outlook for fundamentals over multi-year periods in the future. They should:study companies and securities, assessing things such as their earnings potential;buy the ones that can be purchased at attractive prices relative to their potential;hold onto them as long as the company's earnings outlook and the attractiveness of the price remain intact; andmake changes only when those things can't be reconfirmed, or when something better comes along.At the London conference mentioned on page one - while I was discussing (and discouraging) paying attention to the short run - I said that at Oaktree we consider it our job to (A) buy debt that will be serviced as promised (or will return the same amount or more if not) and (B) invest in companies that will become more valuable over time. I'll stick with that.The above description of the investor's job is quite simple... some might say simplistic. And it is. Setting out the goals and the process in broad terms is easy. The hard part is executing better than most people: That's the only route to market-beating performance. Since average decision-making is reflected in security prices and produces average performance, superior results have to be based on superior insight. But I can't tell you how to do these things better than the average investor.There's a lot more to the process, and I'm going to outline some of what I think are key elements to remember. You'll recognize recurring themes here, from other memos, and from earlier pages in this one, but I make no apology for dwelling on things that are important:Forget the short run - only the long run matters. Think of securities as interests in companies, not trading cards.Decide whether you believe in market efficiency. If so, is your market sufficiently inefficient to permit outperformance, and are you up to the task of exploiting it?Decide whether your approach will lean more toward aggressiveness or defensiveness. Will you try to find more and bigger winners or focus on avoiding losers, or both? Will you try to make more on the way up or lose less on the down, or both? (Hint: \"both\" is much harder to achieve than one or the other.) In general, people's investment styles should fit their personalities.Think about what your normal risk posture should be - your normal balance between aggressiveness and defensiveness - based on your or your clients' financial position, needs, aspirations, and ability to live with fluctuations. Consider whether you'll vary your balance depending on what happens in the market.Adopt a healthy attitude toward return and risk. Understand that \"the more return potential, the better\" can be a dangerous rule to follow given that increased return potential is usually accompanied by increased risk. On the other hand, completely avoiding risk usually leads to avoiding return as well.Insist on an adequate margin of safety, or the ability to weather periods when things go less well than you expected.Stop trying to predict the macro; study the micro like mad in order to know your subject better than others. Understand that you can expect to succeed only if you have a knowledge advantage, and be realistic about whether you have it or not. Recognize that trying harder isn't enough. Accept my son Andrew's view that merely possessing \"readily available quantitative information regarding the present\" won't give you above-average results, since everyone else has it.Recognize that psychology swings much more than fundamentals, and usually in the wrong direction or at the wrong time. Understand the importance of resisting those swings. Profit if you can by being counter-cyclical and contrarian.Study conditions in the investment environment - especially investor behavior - and consider where things stand in terms of the cycle. Understand that where the market stands in its cycle will strongly influence whether the odds are in your favor or against you.Buy debt when you like the yield, not for trading purposes. In other words, buy 9% bonds if you think the yield compensates you for the risk, and you'll be happy with 9%. Don't buy 9% bonds expecting to make 11% thanks to price appreciation resulting from declining interest rates.Of critical importance, equity investors should make their primary goals (A) participating in the secular growth of economies and companies and (B) benefiting from the wonder of compounding. Think about the 10.5% yearly return of the S&P 500 Index (or its predecessors) since 1926 and the fact that this would have turned $1 into over $13,000 by now, even though the period witnessed 16 recessions, one Great Depression, several wars, one World War, a global pandemic, and many instances of geopolitical turmoil.Think of participating in the long-term performance of the average as the main event and the active efforts to improve on it as \"embroidery around the edges.\" This might be the reverse of most active investors' attitudes. Improving results through over- and underweighting, short-term trading, market timing, and other active measures aren't easy. Believing you can do these things successfully requires the assumption that you're smarter than a bunch of very smart people. Think twice before proceeding, as the requirements for success are high (see below).Don't mess it up by over-trading. Think of buying and selling as an expense item, not a profit center. I love the idea of the automated factory of the future, with one man and one dog; The dog's job is to keep the man from touching the machinery, and the man's job is to feed the dog. Investors should find a way to keep their hands off their portfolios most of the time.A Special Word in Closing: Asymmetry\"Asymmetry\" is a concept I've been conscious of for decades and consider more important with every passing year. It's my word for the essence of investment excellence and a standard against which investors should be measured.First, some definitions:I'm going to talk below about whether an investor has \"alpha.\" Alpha is technically defined as a return in excess of the benchmark return, but I prefer to think of it as a superior investing skill. It's the ability to find and exploit inefficiencies when they're present.Inefficiencies - mispricings or mistakes - represent instances when an asset's price diverges from its fair value. These divergences can show up as bargains or the opposite, over-pricings.Bargains will dependably perform better than other investments over time after adjustment for their riskiness. Over-pricings will do the opposite.\"Beta\" is an investor's or a portfolio's relative volatility, also described as relative sensitivity or systematic risk.People who believe in the efficient market hypothesis think of a portfolio's return as the product of the market's return multiplied by the portfolio's beta. This is all it takes to explain results since there are no mispricings to take advantage of in an efficient market (and so no such thing as alpha). Thus, alpha is a skill that enables an investor to produce performance better than that which is explained purely by market return and beta. Another way to say this is that having alpha allows an investor to enjoy profit potential that is disproportionate to loss potential: asymmetry. In my view, asymmetry is present when an investor can repeatedly do some or all of the following:make more money in good markets than he gives back in bad markets,have more winners than losers,make more money on his winners than he loses on his losers,do well when his aggressive or defensive bias proves timely but not badly when it doesn't,do well when his sector or strategy is in favor but not badly when it isn't, andconstruct portfolios so that most of the surprises are on the upside.For example, most of us have an inherent bias toward either aggressiveness or defensiveness. For this reason, it doesn't mean much if an aggressive investor outperforms in a good year or a defensive investor outperforms in a bad year. To determine whether they have alpha and produce asymmetry, we have to consider whether the aggressive investor is able to avoid the full loss that his aggressiveness alone would produce in a bad market and whether the defensive investor can avoid missing out on too much of the gain when the market does well. In my opinion, \"excellence\" lies in the asymmetry between the results in good and bad times.As I see it, if inefficiencies are present in an investor's market, and she has alpha, the impact will show up in asymmetrical returns. If her returns show no asymmetry, the investor doesn't have alpha (or perhaps there are no inefficiencies for her to identify). Flipping that over, if an investor doesn't have alpha, her returns won't be asymmetrical. It's as simple as that.To simplify, here's what I think about asymmetry. This discussion is based on material I included in my 2018 book Mastering the Market Cycle:Getting the Odds on Your Side. While I may appear to be talking about one good year and one bad one, these observations can only be considered valid if these patterns hold over a meaningful number of years.Let's consider a manager's performance:Market performance+10%-10%Manager A+10%-10%The above manager clearly adds no value. You might as well invest in an index fund (probably at a much lower fee).These two managers also add no value:Market performance+10%-10%Manager B+5%-5%Manager C+20%-20%Manager B is just a no-alpha manager with a beta of 0.5, and manager C is a no-alpha manager with a beta of 2.0. You could get the same results as manager B by putting half your capital in an index fund and keeping the rest under your mattress and in the case of manager C, by doubling your investment with borrowed capital and putting it all in an index fund.These two managers, however, do have alpha, as they exhibit asymmetry:Market performance+10%-10%Manager D+17%-12%Manager E+9%-3%Both managers' returns reflect more of the market's gain in good times than they do its loss in bad ones. Manager D might be described as an aggressive manager with alpha; she achieves 170% of the market's return when the market rises but suffers only 120% of the loss when it falls. Manager E is a defensive manager with alpha; his returns reflect 90% of the gain in an up market but only 30% of the loss in a down market. These asymmetries can only be attributed to the presence of alpha. Risk-tolerant clients will prefer to invest in D, and risk-averse ones will prefer E.This manager is truly exceptional:Market performance+10%-10%Manager F+20%-5%She beat the market in both directions: She's up more than the market when it rises and down less when it falls. She's up so much in a good market that you might be tempted to describe her as aggressive. But since she's down less in a down market, that description won't hold. Either she doesn't have a bias in terms of aggressiveness versus defensiveness, or her alpha is great enough to offset it.Finally, here's one of the greatest managers of all time:Market performance+10%-10%Manager G+20%+5%Manager G is up in good and bad markets alike. He clearly doesn't have an aggressiveness/defensiveness bias, since his performance is exceptional in both markets. His alpha is sufficient to enable him to buck the trend and achieve a positive return in a down year. When you find Manager G, you should (A) do extensive due diligence regarding his reported performance, (B) if the numbers hold up, invest a lot of money with him, (C) hope he won't accept so much money that his edge goes away, and (D) send me his number.What matters most? Asymmetry.In sum, asymmetry shows up in a manager's ability to do very well when things go his way and not too bad when they don't.A great adage says, \"Never confuse brains and a bull market.\" Managers with the skill needed to produce asymmetry are special because they're able to fashion good gains from sources other than market advances.When you think about it, the active investment business is, at its heart, completely about asymmetry. If a manager's performance doesn't exceed what can be explained by market returns and his relative risk posture - which stems from his choice of market sector, tactics, and level of aggressiveness - he simply hasn't earned his fees.Without asymmetry (see Managers A, B, and C on page 12), active management delivers no value and deserves no fees. Indeed, all the choices an active investor makes will be for naught if he doesn't possess superior skill or insight. By definition, average investors and below-average investors don't have alpha and can't produce asymmetry.The big question is how to achieve asymmetry. Most of the things people focus on - the things I describe on pages one through nine as not mattering - can't provide it. As I've said before, the average of all investors' thinking produces market prices and, obviously, average performance. Asymmetry can only be demonstrated by the relatively few people with superior skill and insight. The key lies in finding them.Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9037311778,"gmtCreate":1648027006029,"gmtModify":1676534294561,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"I can never tell when these stocks gonna shoot up haha","listText":"I can never tell when these stocks gonna shoot up haha","text":"I can never tell when these stocks gonna shoot up haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037311778","repostId":"1131336859","repostType":2,"repost":{"id":"1131336859","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1648022587,"share":"https://ttm.financial/m/news/1131336859?lang=&edition=fundamental","pubTime":"2022-03-23 16:03","market":"us","language":"en","title":"Meme Stocks Surged in Premarket Trading, with Gamestop Rising Nearly 17% and AMC Rising Over 13%","url":"https://stock-news.laohu8.com/highlight/detail?id=1131336859","media":"Tiger Newspress","summary":"Meme stocks surged in premarket trading, with Gamestop rising nearly 17% and AMC rising over 13%.Gam","content":"<html><head></head><body><p>Meme stocks surged in premarket trading, with Gamestop rising nearly 17% and AMC rising over 13%.<img src=\"https://static.tigerbbs.com/bb350945ada557eaf6af790c96cf064f\" tg-width=\"316\" tg-height=\"209\" width=\"100%\" height=\"auto\"/>Gamestop’s chairman Cohen bought another 100,000 shares of GameStop on Tuesday through his investment firm RC Ventures, according to a regulatory filing.</p><p>The billionaire investor now owns a total of 9.10 million GameStop shares, while his stake in the company has increased to 11.9%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meme Stocks Surged in Premarket Trading, with Gamestop Rising Nearly 17% and AMC Rising Over 13%</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\">\nMeme Stocks Surged in Premarket Trading, with Gamestop Rising Nearly 17% and AMC Rising Over 13%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-23 16:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Meme stocks surged in premarket trading, with Gamestop rising nearly 17% and AMC rising over 13%.<img src=\"https://static.tigerbbs.com/bb350945ada557eaf6af790c96cf064f\" tg-width=\"316\" tg-height=\"209\" width=\"100%\" height=\"auto\"/>Gamestop’s chairman Cohen bought another 100,000 shares of GameStop on Tuesday through his investment firm RC Ventures, according to a regulatory filing.</p><p>The billionaire investor now owns a total of 9.10 million GameStop shares, while his stake in the company has increased to 11.9%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131336859","content_text":"Meme stocks surged in premarket trading, with Gamestop rising nearly 17% and AMC rising over 13%.Gamestop’s chairman Cohen bought another 100,000 shares of GameStop on Tuesday through his investment firm RC Ventures, according to a regulatory filing.The billionaire investor now owns a total of 9.10 million GameStop shares, while his stake in the company has increased to 11.9%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4099263395755910","authorId":"4099263395755910","name":"AhBart","avatar":"https://static.itradeup.com/news/5c8a0140b30f2d6c3be37b2ad1a1efe8","crmLevel":6,"crmLevelSwitch":0,"idStr":"4099263395755910","authorIdStr":"4099263395755910"},"content":"Obviously ... but if u can, then u r above God !!!!! 🤣🤣🤣🤣🤣","text":"Obviously ... but if u can, then u r above God !!!!! 🤣🤣🤣🤣🤣","html":"Obviously ... but if u can, then u r above God !!!!! 🤣🤣🤣🤣🤣"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005723857,"gmtCreate":1642419340971,"gmtModify":1676533709205,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"It will be tougher and tougher to break record, but I believe you can go further Apple!","listText":"It will be tougher and tougher to break record, but I believe you can go further Apple!","text":"It will be tougher and tougher to break record, but I believe you can go further Apple!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005723857","repostId":"1194893206","repostType":4,"repost":{"id":"1194893206","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642411859,"share":"https://ttm.financial/m/news/1194893206?lang=&edition=fundamental","pubTime":"2022-01-17 17:30","market":"us","language":"en","title":"Apple Earnings Are Coming: What to Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1194893206","media":"Tiger Newspress","summary":"Apple will report its first fiscal quarter of 2022 (fourth calendar quarter) results after market cl","content":"<html><head></head><body><p>Apple will report its first fiscal quarter of 2022 (fourth calendar quarter) results after market close on Thursday, Jan. 27.</p><p>The first quarter earnings call will give us insight into sales of the iPhone 13 models, AirPods 3, M1 Pro and Max MacBooks, and other devices during the holiday quarter that ended in December. Apple CEO Tim Cook last quarter said that supply constraints caused by chip shortages had cost Apple $6 billion, and the chip shortages and supply issues are also expected to impact Apple&#39;s first quarter earnings results.</p><p>Ahead of the earnings report, here&#39;s a close look at some of the areas investors may want to check on.</p><p><b>Revenue growth</b></p><p>Analysts have big expectations for Apple&#39;s top line. On average, they expect revenue of $118 billion for the quarter. Though this only represents about 6% year-over-year growth, it&#39;s a bullish forecast when you put it into context. First, consider the tough comparison Apple is up against. Revenue in the year-ago period rose 29% year over year. Second, supply constraints and logistical challenges in the company&#39;s most recently reported quarter were so great that management opted to refrain from providing specific revenue guidance for fiscal Q1, coinciding with the fourth calendar quarter. In addition, Apple management said it expected the pain from supply challenges to persist in fiscal Q1.</p><p>&#34;We estimate the impact from supply constraints will be larger during the December quarter,&#34; management said in the company&#39;s fiscal fourth-quarter earnings call.</p><p>But if Apple does a good job of mitigating supply chain challenges, the December quarter could be quite impressive; management said Apple was seeing &#34;high demand&#34; for its products. In addition, management said it expects &#34;revenue for each product category to grow on a year-over-year basis, except for iPad, which we expect to decline year over year due to supply constraints.&#34;</p><p><b>Earnings per share</b></p><p>Analysts expect Apple&#39;s earnings per share to grow even faster than revenue. On average, analysts are modeling for earnings per share of $1.88, representing year-over-year growth of 12%.</p><p>Apple&#39;s earnings per share typically grow faster than its revenue because of the company&#39;s aggressive share repurchases. By reducing total share count over time, Apple&#39;s net income is spread across a shrinking number of shares, contributing to earnings-per-share growth.</p><p><b>Revenue guidance</b></p><p>Another important metric investors will probably look to is management&#39;s guidance for its fiscal second-quarter revenue. Currently, analysts seem to have a very conservative view for the quarter, with the consensus estimate calling for revenue of $90.4 billion. That&#39;s only slightly above the $89.6 billion of revenue the company reported in the second quarter of fiscal 2021.</p><p>Just as was the case for fiscal Q1, the light revenue forecast stems from Apple&#39;s tough year-ago comparisons and an uncertain operating environment. But it&#39;s possible analysts are being too conservative.</p><p>Overall, supply chain and logistical challenges mean that Apple&#39;s upcoming earnings report is a bit of a wildcard; Apple&#39;s business performance could be anywhere from poor to outstanding relative to analyst estimates. But in order for the company to keep investors excited, Apple will likely have to report revenue, earnings per share, and revenue guidance ahead of analysts&#39; estimates.</p><p><b>Apple Analysts Boost Targets Ahead of Earnings</b></p><p>Analysts continue to crank out bullish notes about Apple‘s outlook ahead of the tech giant’s earnings report.</p><p>Apple had a big run in late 2021, pushing the stock close to the $3 trillion market capitalization level, a milestone no company has previously reached. Bulls think results for the fiscal first quarter ended Dec. 31 could spur the stock to finally eclipse that hurdle.</p><p>Loop Capital Markets analyst Ananda Baruah repeated his Buy rating on Apple shares, lifting his price target to $210, from $165. He believes the company will surpass Street expectations both on iPhone units sold and for average selling prices in fiscal 2022. Apple could post 10% to 15% growth in both iPhone and overall revenue this year, he writes, which would be well ahead of the Street consensus forecast for 4.4% growth.</p><p>Baruah estimates December-quarter iPhone units were in the 84-to-85-million-unit range, above the Street consensus at 81 million. Driven by strong iPhone sales, he’s modeling December-quarter revenue of $122 billion and profits of $1.95 a share, above consensus at $118 billion and $1.88 a share. He also thinks the Street consensus on calendar 2022 iPhone production is too low—he’s expecting 243 million to 245 million, with the Street at 240 million.</p><p>Piper Sandler analyst Harsh Kumar likewise repeated his Overweight rating on Apple shares, while lifting his price target to $200 from $175. “We believe Apple has a favorable set-up for 2022,” he writes in a research note. “We believe iPhone momentum will continue due to 5G adoption, particularly in the United States and China. In addition, we see growth in services and wearables offsetting some of our growth concerns in Mac and iPads.”</p><p>Kumar adds that he sees healthcare and autos as “the next major growth markets for the company.” The move into those markets, he says, should set up the company to expand its valuation to $4 trillion and beyond.</p><p>“We expect the upcoming earnings print for Dec-Q (F1Q) to feature some of the headwinds from the slow supply chain ramp in relation to new products, which will limit the magnitude of upside; although, we expect a modest beat nevertheless, led by better iPhone shipments,” JPMorgan’s Samik Chatterjee said in a note.</p><p>Production disruptions due to Covid outbreaks have impacted companies across industries in the past year, but JPMorgan sees supply recovering for Apple in the fiscal second quarter.</p><p>Improved supply and persistently strong demand should lead to above-seasonal iPhone revenue, JPMorgan said. The firm expects Apple to ship 61 million iPhones in the fiscal second quarter, translating to $49.2 billion of sales.</p><p>While JPMorgan says Apple shares are not cheap relative earnings, the firm believes the company’s positive outlook for the year should keep investors happy.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Earnings Are Coming: What to Watch</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\">\nApple Earnings Are Coming: What to Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-17 17:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Apple will report its first fiscal quarter of 2022 (fourth calendar quarter) results after market close on Thursday, Jan. 27.</p><p>The first quarter earnings call will give us insight into sales of the iPhone 13 models, AirPods 3, M1 Pro and Max MacBooks, and other devices during the holiday quarter that ended in December. Apple CEO Tim Cook last quarter said that supply constraints caused by chip shortages had cost Apple $6 billion, and the chip shortages and supply issues are also expected to impact Apple&#39;s first quarter earnings results.</p><p>Ahead of the earnings report, here&#39;s a close look at some of the areas investors may want to check on.</p><p><b>Revenue growth</b></p><p>Analysts have big expectations for Apple&#39;s top line. On average, they expect revenue of $118 billion for the quarter. Though this only represents about 6% year-over-year growth, it&#39;s a bullish forecast when you put it into context. First, consider the tough comparison Apple is up against. Revenue in the year-ago period rose 29% year over year. Second, supply constraints and logistical challenges in the company&#39;s most recently reported quarter were so great that management opted to refrain from providing specific revenue guidance for fiscal Q1, coinciding with the fourth calendar quarter. In addition, Apple management said it expected the pain from supply challenges to persist in fiscal Q1.</p><p>&#34;We estimate the impact from supply constraints will be larger during the December quarter,&#34; management said in the company&#39;s fiscal fourth-quarter earnings call.</p><p>But if Apple does a good job of mitigating supply chain challenges, the December quarter could be quite impressive; management said Apple was seeing &#34;high demand&#34; for its products. In addition, management said it expects &#34;revenue for each product category to grow on a year-over-year basis, except for iPad, which we expect to decline year over year due to supply constraints.&#34;</p><p><b>Earnings per share</b></p><p>Analysts expect Apple&#39;s earnings per share to grow even faster than revenue. On average, analysts are modeling for earnings per share of $1.88, representing year-over-year growth of 12%.</p><p>Apple&#39;s earnings per share typically grow faster than its revenue because of the company&#39;s aggressive share repurchases. By reducing total share count over time, Apple&#39;s net income is spread across a shrinking number of shares, contributing to earnings-per-share growth.</p><p><b>Revenue guidance</b></p><p>Another important metric investors will probably look to is management&#39;s guidance for its fiscal second-quarter revenue. Currently, analysts seem to have a very conservative view for the quarter, with the consensus estimate calling for revenue of $90.4 billion. That&#39;s only slightly above the $89.6 billion of revenue the company reported in the second quarter of fiscal 2021.</p><p>Just as was the case for fiscal Q1, the light revenue forecast stems from Apple&#39;s tough year-ago comparisons and an uncertain operating environment. But it&#39;s possible analysts are being too conservative.</p><p>Overall, supply chain and logistical challenges mean that Apple&#39;s upcoming earnings report is a bit of a wildcard; Apple&#39;s business performance could be anywhere from poor to outstanding relative to analyst estimates. But in order for the company to keep investors excited, Apple will likely have to report revenue, earnings per share, and revenue guidance ahead of analysts&#39; estimates.</p><p><b>Apple Analysts Boost Targets Ahead of Earnings</b></p><p>Analysts continue to crank out bullish notes about Apple‘s outlook ahead of the tech giant’s earnings report.</p><p>Apple had a big run in late 2021, pushing the stock close to the $3 trillion market capitalization level, a milestone no company has previously reached. Bulls think results for the fiscal first quarter ended Dec. 31 could spur the stock to finally eclipse that hurdle.</p><p>Loop Capital Markets analyst Ananda Baruah repeated his Buy rating on Apple shares, lifting his price target to $210, from $165. He believes the company will surpass Street expectations both on iPhone units sold and for average selling prices in fiscal 2022. Apple could post 10% to 15% growth in both iPhone and overall revenue this year, he writes, which would be well ahead of the Street consensus forecast for 4.4% growth.</p><p>Baruah estimates December-quarter iPhone units were in the 84-to-85-million-unit range, above the Street consensus at 81 million. Driven by strong iPhone sales, he’s modeling December-quarter revenue of $122 billion and profits of $1.95 a share, above consensus at $118 billion and $1.88 a share. He also thinks the Street consensus on calendar 2022 iPhone production is too low—he’s expecting 243 million to 245 million, with the Street at 240 million.</p><p>Piper Sandler analyst Harsh Kumar likewise repeated his Overweight rating on Apple shares, while lifting his price target to $200 from $175. “We believe Apple has a favorable set-up for 2022,” he writes in a research note. “We believe iPhone momentum will continue due to 5G adoption, particularly in the United States and China. In addition, we see growth in services and wearables offsetting some of our growth concerns in Mac and iPads.”</p><p>Kumar adds that he sees healthcare and autos as “the next major growth markets for the company.” The move into those markets, he says, should set up the company to expand its valuation to $4 trillion and beyond.</p><p>“We expect the upcoming earnings print for Dec-Q (F1Q) to feature some of the headwinds from the slow supply chain ramp in relation to new products, which will limit the magnitude of upside; although, we expect a modest beat nevertheless, led by better iPhone shipments,” JPMorgan’s Samik Chatterjee said in a note.</p><p>Production disruptions due to Covid outbreaks have impacted companies across industries in the past year, but JPMorgan sees supply recovering for Apple in the fiscal second quarter.</p><p>Improved supply and persistently strong demand should lead to above-seasonal iPhone revenue, JPMorgan said. The firm expects Apple to ship 61 million iPhones in the fiscal second quarter, translating to $49.2 billion of sales.</p><p>While JPMorgan says Apple shares are not cheap relative earnings, the firm believes the company’s positive outlook for the year should keep investors happy.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194893206","content_text":"Apple will report its first fiscal quarter of 2022 (fourth calendar quarter) results after market close on Thursday, Jan. 27.The first quarter earnings call will give us insight into sales of the iPhone 13 models, AirPods 3, M1 Pro and Max MacBooks, and other devices during the holiday quarter that ended in December. Apple CEO Tim Cook last quarter said that supply constraints caused by chip shortages had cost Apple $6 billion, and the chip shortages and supply issues are also expected to impact Apple's first quarter earnings results.Ahead of the earnings report, here's a close look at some of the areas investors may want to check on.Revenue growthAnalysts have big expectations for Apple's top line. On average, they expect revenue of $118 billion for the quarter. Though this only represents about 6% year-over-year growth, it's a bullish forecast when you put it into context. First, consider the tough comparison Apple is up against. Revenue in the year-ago period rose 29% year over year. Second, supply constraints and logistical challenges in the company's most recently reported quarter were so great that management opted to refrain from providing specific revenue guidance for fiscal Q1, coinciding with the fourth calendar quarter. In addition, Apple management said it expected the pain from supply challenges to persist in fiscal Q1.\"We estimate the impact from supply constraints will be larger during the December quarter,\" management said in the company's fiscal fourth-quarter earnings call.But if Apple does a good job of mitigating supply chain challenges, the December quarter could be quite impressive; management said Apple was seeing \"high demand\" for its products. In addition, management said it expects \"revenue for each product category to grow on a year-over-year basis, except for iPad, which we expect to decline year over year due to supply constraints.\"Earnings per shareAnalysts expect Apple's earnings per share to grow even faster than revenue. On average, analysts are modeling for earnings per share of $1.88, representing year-over-year growth of 12%.Apple's earnings per share typically grow faster than its revenue because of the company's aggressive share repurchases. By reducing total share count over time, Apple's net income is spread across a shrinking number of shares, contributing to earnings-per-share growth.Revenue guidanceAnother important metric investors will probably look to is management's guidance for its fiscal second-quarter revenue. Currently, analysts seem to have a very conservative view for the quarter, with the consensus estimate calling for revenue of $90.4 billion. That's only slightly above the $89.6 billion of revenue the company reported in the second quarter of fiscal 2021.Just as was the case for fiscal Q1, the light revenue forecast stems from Apple's tough year-ago comparisons and an uncertain operating environment. But it's possible analysts are being too conservative.Overall, supply chain and logistical challenges mean that Apple's upcoming earnings report is a bit of a wildcard; Apple's business performance could be anywhere from poor to outstanding relative to analyst estimates. But in order for the company to keep investors excited, Apple will likely have to report revenue, earnings per share, and revenue guidance ahead of analysts' estimates.Apple Analysts Boost Targets Ahead of EarningsAnalysts continue to crank out bullish notes about Apple‘s outlook ahead of the tech giant’s earnings report.Apple had a big run in late 2021, pushing the stock close to the $3 trillion market capitalization level, a milestone no company has previously reached. Bulls think results for the fiscal first quarter ended Dec. 31 could spur the stock to finally eclipse that hurdle.Loop Capital Markets analyst Ananda Baruah repeated his Buy rating on Apple shares, lifting his price target to $210, from $165. He believes the company will surpass Street expectations both on iPhone units sold and for average selling prices in fiscal 2022. Apple could post 10% to 15% growth in both iPhone and overall revenue this year, he writes, which would be well ahead of the Street consensus forecast for 4.4% growth.Baruah estimates December-quarter iPhone units were in the 84-to-85-million-unit range, above the Street consensus at 81 million. Driven by strong iPhone sales, he’s modeling December-quarter revenue of $122 billion and profits of $1.95 a share, above consensus at $118 billion and $1.88 a share. He also thinks the Street consensus on calendar 2022 iPhone production is too low—he’s expecting 243 million to 245 million, with the Street at 240 million.Piper Sandler analyst Harsh Kumar likewise repeated his Overweight rating on Apple shares, while lifting his price target to $200 from $175. “We believe Apple has a favorable set-up for 2022,” he writes in a research note. “We believe iPhone momentum will continue due to 5G adoption, particularly in the United States and China. In addition, we see growth in services and wearables offsetting some of our growth concerns in Mac and iPads.”Kumar adds that he sees healthcare and autos as “the next major growth markets for the company.” The move into those markets, he says, should set up the company to expand its valuation to $4 trillion and beyond.“We expect the upcoming earnings print for Dec-Q (F1Q) to feature some of the headwinds from the slow supply chain ramp in relation to new products, which will limit the magnitude of upside; although, we expect a modest beat nevertheless, led by better iPhone shipments,” JPMorgan’s Samik Chatterjee said in a note.Production disruptions due to Covid outbreaks have impacted companies across industries in the past year, but JPMorgan sees supply recovering for Apple in the fiscal second quarter.Improved supply and persistently strong demand should lead to above-seasonal iPhone revenue, JPMorgan said. The firm expects Apple to ship 61 million iPhones in the fiscal second quarter, translating to $49.2 billion of sales.While JPMorgan says Apple shares are not cheap relative earnings, the firm believes the company’s positive outlook for the year should keep investors happy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4102815868703010","authorId":"4102815868703010","name":"mster","avatar":"https://community-static.tradeup.com/news/81a8fe18bd419696551df5320d8db477","crmLevel":6,"crmLevelSwitch":0,"idStr":"4102815868703010","authorIdStr":"4102815868703010"},"content":"At this rate the Market is going, no one is going near their 52 week’s high let alone breaking record high ☹️","text":"At this rate the Market is going, no one is going near their 52 week’s high let alone breaking record high ☹️","html":"At this rate the Market is going, no one is going near their 52 week’s high let alone breaking record high ☹️"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004320164,"gmtCreate":1642512709039,"gmtModify":1676533717220,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Wow! Microsoft big move into gaming.","listText":"Wow! Microsoft big move into gaming.","text":"Wow! Microsoft big move into gaming.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004320164","repostId":"1149966362","repostType":2,"repost":{"id":"1149966362","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642512559,"share":"https://ttm.financial/m/news/1149966362?lang=&edition=fundamental","pubTime":"2022-01-18 21:29","market":"us","language":"en","title":"Microsoft to acquire Activision Blizzard in all-cash deal valued at $68.7 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=1149966362","media":"Tiger Newspress","summary":"Today, Microsoft Corp. announced plans to acquire Activision Blizzard Inc., a leader in game develop","content":"<html><head></head><body><p>Today, Microsoft Corp. announced plans to acquire Activision Blizzard Inc., a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.</p><p>Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush,” in addition to global eSports activities through Major League Gaming. The company has studios around the word with nearly 10,000 employees.</p><p>Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.</p><p>The acquisition also bolsters Microsoft’s Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. With Activision Blizzard’s nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities.</p><p>The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzard’s shareholder approval. The deal is expected to close in fiscal year 2023 and will be accretive to non-GAAP earnings per share upon close. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft to acquire Activision Blizzard in all-cash deal valued at $68.7 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft to acquire Activision Blizzard in all-cash deal valued at $68.7 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-18 21:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Today, Microsoft Corp. announced plans to acquire Activision Blizzard Inc., a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.</p><p>Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush,” in addition to global eSports activities through Major League Gaming. The company has studios around the word with nearly 10,000 employees.</p><p>Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.</p><p>The acquisition also bolsters Microsoft’s Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. With Activision Blizzard’s nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities.</p><p>The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzard’s shareholder approval. The deal is expected to close in fiscal year 2023 and will be accretive to non-GAAP earnings per share upon close. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ATVI":"动视暴雪","MSFT":"微软"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149966362","content_text":"Today, Microsoft Corp. announced plans to acquire Activision Blizzard Inc., a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush,” in addition to global eSports activities through Major League Gaming. The company has studios around the word with nearly 10,000 employees.Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.The acquisition also bolsters Microsoft’s Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. With Activision Blizzard’s nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities.The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzard’s shareholder approval. The deal is expected to close in fiscal year 2023 and will be accretive to non-GAAP earnings per share upon close. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9068131330,"gmtCreate":1651731211075,"gmtModify":1676534958380,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Nvidia 's income stream is extremely solid. No one is gonna suddenly pop up and snatch the gaming and crypto mining chip business.[Duh]&nbsp;","listText":"Nvidia 's income stream is extremely solid. No one is gonna suddenly pop up and snatch the gaming and crypto mining chip business.[Duh]&nbsp;","text":"Nvidia 's income stream is extremely solid. No one is gonna suddenly pop up and snatch the gaming and crypto mining chip business.[Duh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068131330","repostId":"1180073890","repostType":2,"repost":{"id":"1180073890","kind":"news","pubTimestamp":1651719811,"share":"https://ttm.financial/m/news/1180073890?lang=&edition=fundamental","pubTime":"2022-05-05 11:03","market":"us","language":"en","title":"Nvidia Stock: Headwinds Priced In - Buy On Weakness","url":"https://stock-news.laohu8.com/highlight/detail?id=1180073890","media":"Seeking Alpha","summary":"SummaryGiven declining price trends in GPUs and crypto-mining weakness, much fear has been stoked ov","content":"<html><head></head><body><p>Summary</p><ul><li>Given declining price trends in GPUs and crypto-mining weakness, much fear has been stoked over NVIDIA&#39;s gaming segment. But, AMD&#39;s Q1 results yesterday assuaged investors&#39; fears.</li><li>We are also optimistic over NVIDIA&#39;s upcoming RTX-40 series Ada Lovelace launch, reportedly this fall. The refresh should help drive momentum for GPU prices, with improved chip supply in H2.</li><li>We are also confident that NVIDIA could announce new design wins for its automotive segment. Qualcomm highlighted a marked increase in its automotive pipeline in its recent FQ2 card.</li><li>We discuss why NVIDIA&#39;s long-term thesis remains intact. So, investors should consider adding NVDA stock on weakness.</li></ul><p>Investment Thesis</p><p>NVIDIA Corporation (NASDAQ:NVDA) stock has been battered after a rapid recovery from its recent March lows. Bullish NVDA investors piled into the stock as CEO Jensen Huang &amp; team introduced its next-gen Hopper architecture for cloud and data center computing. However, the market was also skittish over the weakness in PC end demand, thrashing NVDA stock. As a result, NVDA stock has retraced to its October lows, 43.4% below its November highs.</p><p>Therefore, NVDA stock growth premium has been digested significantly, as investors priced in potential weakness in its gaming segment, impacted by weaker crypto mining and PC weakness. NVDA stock was also initially impacted by Intel&#39;s (INTC)weak Q2 guidance, triggering a sell-off last week.</p><p>However, AMD&#39;s (AMD) spectacular FQ1 card reassured investors of a PC market that seemed hampered by weaker end demand. Investors were concerned with a multitude of factors relating to weaker macros, ongoing chip shortages, and China&#39;s COVID lockdowns. Therefore, we think Huang &amp; team will do just fine in its upcoming FQ1&#39;23 earnings release on May 25.</p><p>Notably, NVDA stock growth premium has also moderated significantly and is in line with its 5Y mean. Therefore, we think the opportunity to add more exposure to NVDA stock has returned for patient investors.</p><p>Nevertheless, a bull trap that lured buyers after its GTC in March had digested its upward momentum. Given the potent trap, we encourage investors to spread their purchases and dollar-cost average if the current support levels do not consolidate and hold.</p><p>We reiterate our Buy rating on NVDA stock.</p><p>Intel Worried Investors, But AMD Sprung To The Rescue</p><p>In our Intel Q1 earnings update, we discussed that Intel CEO Pat Gelsinger &amp; team guided to a markedly weaker Q2 due to pretty significant headwinds in the consumer PC market. As a result, investors were concerned about whether NVIDIA stock was next on the &#34;chopping block&#34; given its embedded growth premium.</p><p>However, AMD CEO Dr. Lisa Su assuaged semi investors that the pockets of weakness in the PC market were generally limited to the lower-end market. Therefore, its data center, cloud computing, gaming, and enterprise segments remain robust as management also raised guidance. Dr. Su accentuated (edited):</p><blockquote>Our Desktop GPU sales nearly doubled year-over-year as sales of our Radeon 6000 Series graphics cards were strong. In mobile, the first notebooks featuring our latest Radeon 6000 mobile GPUs launched in the quarter, and we expect sales to ramp over the coming quarters. Data center graphics revenue was flat year-over-year as we launched our Instinct MI210 accelerators. There is some softness in the PC market. But we had, for the last number of quarters, actually been shifting our mix to the higher end or the more premium segments of the PC market, and so that&#39;s where more of our exposure is. (AMD&#39;s FQ1&#39;22 earnings call)</blockquote><p>Furthermore,SIA accentuated that global semi sales in Q1 remained robust, despite digesting a whole month of the Russia-Ukraine conflict. It also reported that global semiconductor revenue was up by 1.1% MoM in March. Q1 sales were $151.7B, up 23% YoY and down just by 0.5% QoQ, due to seasonality from Q4. Furthermore, Europe was up 2.6% MoM in March, indicating continued strength. Therefore, we think the headwinds of a significant slowdown in semi sales have been overblown.</p><p>Furthermore, even though the pricing trends for GPU were down significantly in March,the decline moderated in April, according to a Tom&#39;s Hardware update. Furthermore, it also highlighted that GPUs were still sold above MSRP in the current refresh cycle. It emphasized that &#34;GPU pricing would normally be 10 to 20% below MSRP at this point in the refresh cycle.&#34; In addition, we think AMD&#39;s robust showing in its GPU segment demonstrated that such fears had been overstated.</p><p>Ada Lovelace Impending Release &amp; H100 Price Leadership</p><p>Furthermore, investors should note that NVIDIA is expected to release its RTX-40 series Ada Lovelace GPU this fall. In addition, NVIDIA has reportedly started to test its AD102 GPU and is expected to be on track for its timely release. We believe the new release will likely generate much hype among bullish investors and help support NVDA stock moving forward.</p><p>Furthermore, in a clear demonstration of price leadership and value, NVIDIA&#39;s H100 Hopper GPU 80GB accelerator was released at a price &#34;considerably more expensive&#34; than its A100 Ampere predecessor. Therefore, we believe NVIDIA has tremendous pricing power in its data center business, given the scale and differentiation of its Hopper architecture. As a result, investors should not understate its leadership in the data center GPU segment.</p><p>Notably, we will also be looking to NVIDIA&#39;s design win updates for its highly anticipated automotive segment. Qualcomm (QCOM)updated in its FQ2 earnings card that its design pipeline has increased to $16B, from $3B previously. Qualcomm CEO Cristiano Amon is optimistic that its &#34;smartphone on wheels&#34; segment could even rival or trump its smartphone revenue over time.</p><p>Investors should recall that NVIDIA estimated its automotive opportunity to be worth $300Bin its recent spring GTC update. Thus, we encourage investors to watch management&#39;s commentary on its automotive design wins in its Q1 card. We also believe the market has yet to fully appreciate what could be NVIDIA&#39;s most exciting revenue contributor, given its scale and rapid adoption.</p><p>Is NVDA Stock A Buy, Sell, Or Hold?<img src=\"https://static.tigerbbs.com/a28d3d588daac616e0977528e650684c\" referrerpolicy=\"no-referrer\"/></p><p>NVDA stock NTM FCF yield % and NTM normalized P/E (TIKR)</p><p><img src=\"https://static.tigerbbs.com/e232702e3c8d75eb89b8de4709cd8f64\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NVDA stock price chart (TradingView)</p><p>NVDA stock growth premium has been substantially digested due to the recent headwinds. As a result, its NTM FCF yield has moderated to 2.62%, in line with its 5Y mean of 2.63%. Furthermore, its NTM normalized P/E has also normalized to 34.78x, slightly below its 5Y mean of 39.93x.</p><p>Of course, NVDA stock still traded well above its peers and the market. Therefore, investors should continue to expect near-term volatility. But, we are confident that its long-term thesis remains intact. And we think the recent headwinds over potential end demand weakness have been priced in.</p><p>However, we observed a potent bull trap in NVDA stock post-GTC that seems to be digested. In addition, the stock seems to have found near-term support. Therefore, a further consolidation along the current levels should be helpful for NVDA stock moving forward.</p><p>As such, <i>we reiterate our Buy rating on NVDA stock</i>.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Stock: Headwinds Priced In - Buy On Weakness</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\">\nNvidia Stock: Headwinds Priced In - Buy On Weakness\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-05 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4506831-nvidia-headwinds-priced-in-buy-on-weakness><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGiven declining price trends in GPUs and crypto-mining weakness, much fear has been stoked over NVIDIA's gaming segment. But, AMD's Q1 results yesterday assuaged investors' fears.We are also ...</p>\n\n<a href=\"https://seekingalpha.com/article/4506831-nvidia-headwinds-priced-in-buy-on-weakness\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4506831-nvidia-headwinds-priced-in-buy-on-weakness","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180073890","content_text":"SummaryGiven declining price trends in GPUs and crypto-mining weakness, much fear has been stoked over NVIDIA's gaming segment. But, AMD's Q1 results yesterday assuaged investors' fears.We are also optimistic over NVIDIA's upcoming RTX-40 series Ada Lovelace launch, reportedly this fall. The refresh should help drive momentum for GPU prices, with improved chip supply in H2.We are also confident that NVIDIA could announce new design wins for its automotive segment. Qualcomm highlighted a marked increase in its automotive pipeline in its recent FQ2 card.We discuss why NVIDIA's long-term thesis remains intact. So, investors should consider adding NVDA stock on weakness.Investment ThesisNVIDIA Corporation (NASDAQ:NVDA) stock has been battered after a rapid recovery from its recent March lows. Bullish NVDA investors piled into the stock as CEO Jensen Huang & team introduced its next-gen Hopper architecture for cloud and data center computing. However, the market was also skittish over the weakness in PC end demand, thrashing NVDA stock. As a result, NVDA stock has retraced to its October lows, 43.4% below its November highs.Therefore, NVDA stock growth premium has been digested significantly, as investors priced in potential weakness in its gaming segment, impacted by weaker crypto mining and PC weakness. NVDA stock was also initially impacted by Intel's (INTC)weak Q2 guidance, triggering a sell-off last week.However, AMD's (AMD) spectacular FQ1 card reassured investors of a PC market that seemed hampered by weaker end demand. Investors were concerned with a multitude of factors relating to weaker macros, ongoing chip shortages, and China's COVID lockdowns. Therefore, we think Huang & team will do just fine in its upcoming FQ1'23 earnings release on May 25.Notably, NVDA stock growth premium has also moderated significantly and is in line with its 5Y mean. Therefore, we think the opportunity to add more exposure to NVDA stock has returned for patient investors.Nevertheless, a bull trap that lured buyers after its GTC in March had digested its upward momentum. Given the potent trap, we encourage investors to spread their purchases and dollar-cost average if the current support levels do not consolidate and hold.We reiterate our Buy rating on NVDA stock.Intel Worried Investors, But AMD Sprung To The RescueIn our Intel Q1 earnings update, we discussed that Intel CEO Pat Gelsinger & team guided to a markedly weaker Q2 due to pretty significant headwinds in the consumer PC market. As a result, investors were concerned about whether NVIDIA stock was next on the \"chopping block\" given its embedded growth premium.However, AMD CEO Dr. Lisa Su assuaged semi investors that the pockets of weakness in the PC market were generally limited to the lower-end market. Therefore, its data center, cloud computing, gaming, and enterprise segments remain robust as management also raised guidance. Dr. Su accentuated (edited):Our Desktop GPU sales nearly doubled year-over-year as sales of our Radeon 6000 Series graphics cards were strong. In mobile, the first notebooks featuring our latest Radeon 6000 mobile GPUs launched in the quarter, and we expect sales to ramp over the coming quarters. Data center graphics revenue was flat year-over-year as we launched our Instinct MI210 accelerators. There is some softness in the PC market. But we had, for the last number of quarters, actually been shifting our mix to the higher end or the more premium segments of the PC market, and so that's where more of our exposure is. (AMD's FQ1'22 earnings call)Furthermore,SIA accentuated that global semi sales in Q1 remained robust, despite digesting a whole month of the Russia-Ukraine conflict. It also reported that global semiconductor revenue was up by 1.1% MoM in March. Q1 sales were $151.7B, up 23% YoY and down just by 0.5% QoQ, due to seasonality from Q4. Furthermore, Europe was up 2.6% MoM in March, indicating continued strength. Therefore, we think the headwinds of a significant slowdown in semi sales have been overblown.Furthermore, even though the pricing trends for GPU were down significantly in March,the decline moderated in April, according to a Tom's Hardware update. Furthermore, it also highlighted that GPUs were still sold above MSRP in the current refresh cycle. It emphasized that \"GPU pricing would normally be 10 to 20% below MSRP at this point in the refresh cycle.\" In addition, we think AMD's robust showing in its GPU segment demonstrated that such fears had been overstated.Ada Lovelace Impending Release & H100 Price LeadershipFurthermore, investors should note that NVIDIA is expected to release its RTX-40 series Ada Lovelace GPU this fall. In addition, NVIDIA has reportedly started to test its AD102 GPU and is expected to be on track for its timely release. We believe the new release will likely generate much hype among bullish investors and help support NVDA stock moving forward.Furthermore, in a clear demonstration of price leadership and value, NVIDIA's H100 Hopper GPU 80GB accelerator was released at a price \"considerably more expensive\" than its A100 Ampere predecessor. Therefore, we believe NVIDIA has tremendous pricing power in its data center business, given the scale and differentiation of its Hopper architecture. As a result, investors should not understate its leadership in the data center GPU segment.Notably, we will also be looking to NVIDIA's design win updates for its highly anticipated automotive segment. Qualcomm (QCOM)updated in its FQ2 earnings card that its design pipeline has increased to $16B, from $3B previously. Qualcomm CEO Cristiano Amon is optimistic that its \"smartphone on wheels\" segment could even rival or trump its smartphone revenue over time.Investors should recall that NVIDIA estimated its automotive opportunity to be worth $300Bin its recent spring GTC update. Thus, we encourage investors to watch management's commentary on its automotive design wins in its Q1 card. We also believe the market has yet to fully appreciate what could be NVIDIA's most exciting revenue contributor, given its scale and rapid adoption.Is NVDA Stock A Buy, Sell, Or Hold?NVDA stock NTM FCF yield % and NTM normalized P/E (TIKR)NVDA stock price chart (TradingView)NVDA stock growth premium has been substantially digested due to the recent headwinds. As a result, its NTM FCF yield has moderated to 2.62%, in line with its 5Y mean of 2.63%. Furthermore, its NTM normalized P/E has also normalized to 34.78x, slightly below its 5Y mean of 39.93x.Of course, NVDA stock still traded well above its peers and the market. Therefore, investors should continue to expect near-term volatility. But, we are confident that its long-term thesis remains intact. And we think the recent headwinds over potential end demand weakness have been priced in.However, we observed a potent bull trap in NVDA stock post-GTC that seems to be digested. In addition, the stock seems to have found near-term support. Therefore, a further consolidation along the current levels should be helpful for NVDA stock moving forward.As such, we reiterate our Buy rating on NVDA stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001136764,"gmtCreate":1641185231341,"gmtModify":1676533580581,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Looking forward for&nbsp;Sofi to be the next big thing in financial field!!","listText":"Looking forward for&nbsp;Sofi to be the next big thing in financial field!!","text":"Looking forward for Sofi to be the next big thing in financial field!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001136764","repostId":"2200470447","repostType":2,"repost":{"id":"2200470447","kind":"highlight","pubTimestamp":1641170757,"share":"https://ttm.financial/m/news/2200470447?lang=&edition=fundamental","pubTime":"2022-01-03 08:45","market":"us","language":"en","title":"3 High-Growth Stocks Wall Street Thinks Could Soar 50% or More in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2200470447","media":"Motley Fool","summary":"Expectations are still high despite some recent losses.","content":"<html><head></head><body><p>The prognosticators on Wall Street are at it again. These three stocks have taken long falls from the all-time high prices they reached in 2021. Despite the recent losses, forward expectations from investment bank analysts are still pretty high.</p><p>After soaring earlier this year, it was probably just a matter of time before these high-growth stocks received a haircut. Here&#39;s why analysts on Wall Street still expect big gains from them in the new year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7f3b23d23ff665a7fb0e830d15b57a9f\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>1. Coinbase Global</h2><p><b>Coinbase Global</b> (NASDAQ:COIN) shares have fallen around 29% since reaching a peak in November. Analysts up and down Wall Street think it could regain its former glory and march even higher. The consensus price target for Coinbase suggests a gain of 50% in the near term.</p><p>It&#39;s hard to know which cryptocurrencies will eventually rise to the top but this hardly matters for Coinbase shareholders. Coinbase makes most of its money from transaction fees, regardless of which currency is most popular at any given time.</p><p>The general public&#39;s less-frenzied attitude toward buying up cryptocurrency assets has brought the stock crashing from its former peaks. The price of a <b>Bitcoin</b> nearly reached $70,000 in November only to fall around 30% before the end of 2021. The plunge has decelerated speculation in crypto assets over the past couple of months. Zoomed out over a longer time frame, though, the recent dip in trading activity Coinbase is experiencing will most likely seem like a hiccup. That&#39;s because one way or another, crypto&#39;s going mainstream.</p><p>Square, the company that made it possible for even the smallest organizations to accept credit cards, recently changed its name to <b>Block</b> to highlight its commitment to blockchain-based transactions. A slew of well-funded start-ups will also accelerate mainstream adoption. <i>Bloomberg</i> recently reported that venture capital funds poured about $30 billion into crypto start-ups in 2021. That was more than triple the previous high of $8 billion in 2018.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47fe1c32014e1e3aff382be2d1541f31\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>2. PubMatic</h2><p><b>PubMatic</b> (NASDAQ:PUBM) shares soared after its stock market debut in December 2020. Now, the stock is around 53% below the peak it reached in March.</p><p>Investment bank analysts who get paid to follow this new provider of digital advertising services think it can bounce back. The consensus price target for PubMatic right now represents suggests a 59% gain up ahead.</p><p>PubMatic stock&#39;s been under pressure because third-party cookies that digital advertisers use to serve personalized ads on web browsers are on the way out. Fortunately, that&#39;s not going to be a big deal for PubMatic or most of its peers. According to Jeff Green, CEO of <b>The Trade Desk</b>, only around 20% of data-driven ads are served to people using a browser.</p><p>Pubmatic has contracts with advertisers who bid for space provided by its publishers. The company gets paid by publishers who have been steadily serving more ads. Third-quarter revenue soared 54% year over year to $58.1 million. This was a new record high for PubMatic, but just a tiny slice of the overall market for digital advertising.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/382fa731ccb45010910d2adf5c0816a0\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>3. SoFi Technologies</h2><p><b>SoFi Technologies</b> (NASDAQ:SOFI) shares spiked after its public debut in December 2020, but the stock has tumbled around 40% since hitting a peak in February 2021.</p><p>Wall Street analysts up and down Wall Street think the increasingly popular fintech can bounce back and fly higher. The average price target on SoFi represents a 60% premium over its recent price.</p><p>This is another stock that&#39;s been falling despite a strong performance from its underlying business. At the end of September, SoFi boasted 2.9 million members, a stunning 96% gain from one year earlier.</p><p>SoFi cut its teeth refinancing student loans, a business that&#39;s been cut down by the ongoing moratorium on student loan debt. The company&#39;s been able to keep growing rapidly through the pandemic thanks to heaps of new credit card customers, new checking accounts, and new stock trading accounts.</p><p>SoFi is already reporting profits on a non-GAAP basis. In 2022, the company is expected to acquire a national bank charter that gives it a lot more control over its loan origination practices. With a proven ability to roll with the punches, this looks like a great stock to buy on the dip and hold for the long run.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-Growth Stocks Wall Street Thinks Could Soar 50% or More in 2022</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\">\n3 High-Growth Stocks Wall Street Thinks Could Soar 50% or More in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-03 08:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/02/3-high-growth-stocks-wall-street-thinks-could-soar/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The prognosticators on Wall Street are at it again. These three stocks have taken long falls from the all-time high prices they reached in 2021. Despite the recent losses, forward expectations from ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/02/3-high-growth-stocks-wall-street-thinks-could-soar/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4549":"软银资本持仓","BK4554":"元宇宙及AR概念","BK4112":"金融交易所和数据","BK4551":"寇图资本持仓","COIN":"Coinbase Global, Inc.","BK4009":"广告","BK4535":"淡马锡持仓","SOFI":"SoFi Technologies Inc.","BK4166":"消费信贷","PUBM":"PubMatic, Inc.","BK4539":"次新股"},"source_url":"https://www.fool.com/investing/2022/01/02/3-high-growth-stocks-wall-street-thinks-could-soar/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200470447","content_text":"The prognosticators on Wall Street are at it again. These three stocks have taken long falls from the all-time high prices they reached in 2021. Despite the recent losses, forward expectations from investment bank analysts are still pretty high.After soaring earlier this year, it was probably just a matter of time before these high-growth stocks received a haircut. Here's why analysts on Wall Street still expect big gains from them in the new year.Image source: Getty Images.1. Coinbase GlobalCoinbase Global (NASDAQ:COIN) shares have fallen around 29% since reaching a peak in November. Analysts up and down Wall Street think it could regain its former glory and march even higher. The consensus price target for Coinbase suggests a gain of 50% in the near term.It's hard to know which cryptocurrencies will eventually rise to the top but this hardly matters for Coinbase shareholders. Coinbase makes most of its money from transaction fees, regardless of which currency is most popular at any given time.The general public's less-frenzied attitude toward buying up cryptocurrency assets has brought the stock crashing from its former peaks. The price of a Bitcoin nearly reached $70,000 in November only to fall around 30% before the end of 2021. The plunge has decelerated speculation in crypto assets over the past couple of months. Zoomed out over a longer time frame, though, the recent dip in trading activity Coinbase is experiencing will most likely seem like a hiccup. That's because one way or another, crypto's going mainstream.Square, the company that made it possible for even the smallest organizations to accept credit cards, recently changed its name to Block to highlight its commitment to blockchain-based transactions. A slew of well-funded start-ups will also accelerate mainstream adoption. Bloomberg recently reported that venture capital funds poured about $30 billion into crypto start-ups in 2021. That was more than triple the previous high of $8 billion in 2018.Image source: Getty Images.2. PubMaticPubMatic (NASDAQ:PUBM) shares soared after its stock market debut in December 2020. Now, the stock is around 53% below the peak it reached in March.Investment bank analysts who get paid to follow this new provider of digital advertising services think it can bounce back. The consensus price target for PubMatic right now represents suggests a 59% gain up ahead.PubMatic stock's been under pressure because third-party cookies that digital advertisers use to serve personalized ads on web browsers are on the way out. Fortunately, that's not going to be a big deal for PubMatic or most of its peers. According to Jeff Green, CEO of The Trade Desk, only around 20% of data-driven ads are served to people using a browser.Pubmatic has contracts with advertisers who bid for space provided by its publishers. The company gets paid by publishers who have been steadily serving more ads. Third-quarter revenue soared 54% year over year to $58.1 million. This was a new record high for PubMatic, but just a tiny slice of the overall market for digital advertising.Image source: Getty Images.3. SoFi TechnologiesSoFi Technologies (NASDAQ:SOFI) shares spiked after its public debut in December 2020, but the stock has tumbled around 40% since hitting a peak in February 2021.Wall Street analysts up and down Wall Street think the increasingly popular fintech can bounce back and fly higher. The average price target on SoFi represents a 60% premium over its recent price.This is another stock that's been falling despite a strong performance from its underlying business. At the end of September, SoFi boasted 2.9 million members, a stunning 96% gain from one year earlier.SoFi cut its teeth refinancing student loans, a business that's been cut down by the ongoing moratorium on student loan debt. The company's been able to keep growing rapidly through the pandemic thanks to heaps of new credit card customers, new checking accounts, and new stock trading accounts.SoFi is already reporting profits on a non-GAAP basis. In 2022, the company is expected to acquire a national bank charter that gives it a lot more control over its loan origination practices. With a proven ability to roll with the punches, this looks like a great stock to buy on the dip and hold for the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939159946,"gmtCreate":1662078685987,"gmtModify":1676536801486,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Finger cross","listText":"Finger cross","text":"Finger cross","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9939159946","repostId":"1128833508","repostType":2,"repost":{"id":"1128833508","kind":"news","pubTimestamp":1662077034,"share":"https://ttm.financial/m/news/1128833508?lang=&edition=fundamental","pubTime":"2022-09-02 08:03","market":"us","language":"en","title":"Nvidia’s \"China Syndrome\": Is the Stock Melting Down?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128833508","media":"MarketWatch","summary":"“The China Syndrome” depicted a nuclear reactor that would theoretically start burning its way to other side the earth, i.e., China. The previously little-known term quickly found its way into the American lexicon as the film made its debut on March 16, 1979, less than two weeks before the accident at the Three Mile Island nuclear power plant near Middletown, Pa.Rasgon acknowledged that the company is working on alternatives and has expressed seeking licenses for nonmilitary customers, but he sa","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/823a47e8d13314b3f8798de301579fef\" tg-width=\"700\" tg-height=\"487\" referrerpolicy=\"no-referrer\"/>Like the nuclear reactor in the 1979 film “The China Syndrome,” Nvidia Corp.’s share price and sales forecast have been melting down, and a sales ban of artificial-intelligence chips to China is the latest to add to the temperature.</p><p>Nvidia shares reached a new 52-week low Thursday, falling as much as 12% before closing with a 7.7% decline at $139.37, the seventh daily decline of more than 7% that the stock has suffered so far this year. Shares have declined 22.2% collectively in the past five trading sessions, their worst five-day stretch since Nov. 23, 2018, when shares fell 28.4% over five sessions, according to Dow Jones data.</p><p>At a 52.6% plummet, Nvidia is 2022’s worst-performing chip stock out of the 30 that make up the PHLX Semiconductor Index, which is down 33.5% for the year. In comparison, the S&amp;P 500 index is down 17%, and the tech-heavy Nasdaq Composite Index is down 24.7%.</p><p>Nvidia stock’s move on Thursday arrived after the chip maker disclosed in a Securities and Exchange Commission filing late Wednesday that U.S. regulators are imposing “a new license requirement, effective immediately, for any future export to China (including Hong Kong) and Russia of the company’s A100 and forthcoming H100 integrated circuits. DGX or any other systems which incorporate A100 or H100 integrated circuits and the A100X are also covered by the new license requirement.”</p><p>Analysts already debated whether Nvidia was in the clear after the chip maker cut its outlook not for the first, not for the second, but for the third time in as many months. Now, for the fourth time this year, Nvidia is suggesting to analysts that the revenue forecast could still be off.</p><p>The near-term effect: Roughly $400 million in expected third-quarter revenue from China could be at risk. At last check, analysts surveyed by FactSet were forecasting annual revenue, on average, of $28.09 billion, a far cry from the $33.35 billion expected at the end of July, and the $34.54 billion estimate at the end of February. Now, analysts are forced to consider whether they should lower their targets again.</p><p>“It feels prudent to take the impacted China revenues out of our Nvidia numbers,” said Bernstein analyst Stacy Rasgon in a note titled, “China syndrome?”</p><p>“The China Syndrome” depicted a nuclear reactor that would theoretically start burning its way to other side the earth, i.e., China. The previously little-known term quickly found its way into the American lexicon as the film made its debut on March 16, 1979, less than two weeks before the accident at the Three Mile Island nuclear power plant near Middletown, Pa.</p><p>Rasgon acknowledged that the company is working on alternatives and has expressed seeking licenses for nonmilitary customers, but he said the timing and impact of these remedies, however, is unclear. The new cut is “not trivial but not an insurmountable blow either, though of course it is clearly an incremental negative as the business may be permanently impaired,” he said.</p><p>Rasgon also noted that some of Advanced Micro Devices Inc.’s GPUs would be affected by the ban as well. “However, AMD’s datacenter GPU sales are tiny, and they do not foresee any significant impact on their business at this time,” Rasgon said. He has outperform ratings on both stocks with a price target of $180 on Nvidia, and $135 on AMD.</p><p>The effects of the ban could last well beyond the current quarter, though. Morgan Stanley analyst Joseph Moore said he expects regulators to take 18 to 24 months to determine the total scope of products affected by the ban, and Nvidia stands to lose at least $2 billion in 2023 revenue based on the known restrictions even with a forecast for weak data-center demand from China.</p><p>“We don’t know the broader ramifications of the restrictions, but the specific restrictions on A100 and H100 (basically training products introduced last 3 years) would say that this impacts new products,” wrote Moore, who has an in-line rating and a $182 price target on Nvidia. “We would guess that this is a restriction related to AI, so we wouldn’t expect ramifications for non-AI chips, but we don’t know if the restriction is just GPUs, vs. custom AI ASICs or specialty chips such as Intel’s Habana processors.”</p><p>The restrictions also could cause problems beyond Nvidia. Citi Research analyst Atif Malik wrote that “we see an escalation in U.S. semiconductor restrictions to China and increased volatility for the semiconductors and equipment group,” while taking Nvidia off the firm’s positive “catalyst watch,” which had just been instituted on Friday.</p><p>Mizuho analyst Jordan Klein said he senses that “negativity will spread broadly across Semis as to what restrictions could come next.”</p><p>This all comes ahead of Nvidia’s big GTC conference that begins Sept. 19, where the company is expected to unveil its next generation “Lovelace” chip architecture to replace the now two-year old “Ampere” architecture during a consumer tech slump. In fact, Nvidia’s recent $1.22 billion inventory charge went to clear out a lot of that old inventory before the “Lovelace” launch.</p><p>Nvidia stock was also the most actively traded on the S&amp;P 500 index at a preliminary volume of 117.3 million shares, with shares of AMD a close second at more than 94.5 million shares. The 52-week average daily volume of Nvidia shares is 49 million, while AMD’s is about 83 million.</p><p>Of the 44 analysts who cover Nvidia, 35 have buy-grade ratings, eight have sell ratings, and one has a sell rating. Of those, six lowered their price targets on the stock, resulting in an average target price of $210, down from $237.50 from a month ago.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia’s \"China Syndrome\": Is the Stock Melting Down?</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\">\nNvidia’s \"China Syndrome\": Is the Stock Melting Down?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-02 08:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nvidias-china-syndrome-is-the-stock-melting-down-11662064357?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Like the nuclear reactor in the 1979 film “The China Syndrome,” Nvidia Corp.’s share price and sales forecast have been melting down, and a sales ban of artificial-intelligence chips to China is the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nvidias-china-syndrome-is-the-stock-melting-down-11662064357?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":{"NVDA":"英伟达"},"source_url":"https://www.marketwatch.com/story/nvidias-china-syndrome-is-the-stock-melting-down-11662064357?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128833508","content_text":"Like the nuclear reactor in the 1979 film “The China Syndrome,” Nvidia Corp.’s share price and sales forecast have been melting down, and a sales ban of artificial-intelligence chips to China is the latest to add to the temperature.Nvidia shares reached a new 52-week low Thursday, falling as much as 12% before closing with a 7.7% decline at $139.37, the seventh daily decline of more than 7% that the stock has suffered so far this year. Shares have declined 22.2% collectively in the past five trading sessions, their worst five-day stretch since Nov. 23, 2018, when shares fell 28.4% over five sessions, according to Dow Jones data.At a 52.6% plummet, Nvidia is 2022’s worst-performing chip stock out of the 30 that make up the PHLX Semiconductor Index, which is down 33.5% for the year. In comparison, the S&P 500 index is down 17%, and the tech-heavy Nasdaq Composite Index is down 24.7%.Nvidia stock’s move on Thursday arrived after the chip maker disclosed in a Securities and Exchange Commission filing late Wednesday that U.S. regulators are imposing “a new license requirement, effective immediately, for any future export to China (including Hong Kong) and Russia of the company’s A100 and forthcoming H100 integrated circuits. DGX or any other systems which incorporate A100 or H100 integrated circuits and the A100X are also covered by the new license requirement.”Analysts already debated whether Nvidia was in the clear after the chip maker cut its outlook not for the first, not for the second, but for the third time in as many months. Now, for the fourth time this year, Nvidia is suggesting to analysts that the revenue forecast could still be off.The near-term effect: Roughly $400 million in expected third-quarter revenue from China could be at risk. At last check, analysts surveyed by FactSet were forecasting annual revenue, on average, of $28.09 billion, a far cry from the $33.35 billion expected at the end of July, and the $34.54 billion estimate at the end of February. Now, analysts are forced to consider whether they should lower their targets again.“It feels prudent to take the impacted China revenues out of our Nvidia numbers,” said Bernstein analyst Stacy Rasgon in a note titled, “China syndrome?”“The China Syndrome” depicted a nuclear reactor that would theoretically start burning its way to other side the earth, i.e., China. The previously little-known term quickly found its way into the American lexicon as the film made its debut on March 16, 1979, less than two weeks before the accident at the Three Mile Island nuclear power plant near Middletown, Pa.Rasgon acknowledged that the company is working on alternatives and has expressed seeking licenses for nonmilitary customers, but he said the timing and impact of these remedies, however, is unclear. The new cut is “not trivial but not an insurmountable blow either, though of course it is clearly an incremental negative as the business may be permanently impaired,” he said.Rasgon also noted that some of Advanced Micro Devices Inc.’s GPUs would be affected by the ban as well. “However, AMD’s datacenter GPU sales are tiny, and they do not foresee any significant impact on their business at this time,” Rasgon said. He has outperform ratings on both stocks with a price target of $180 on Nvidia, and $135 on AMD.The effects of the ban could last well beyond the current quarter, though. Morgan Stanley analyst Joseph Moore said he expects regulators to take 18 to 24 months to determine the total scope of products affected by the ban, and Nvidia stands to lose at least $2 billion in 2023 revenue based on the known restrictions even with a forecast for weak data-center demand from China.“We don’t know the broader ramifications of the restrictions, but the specific restrictions on A100 and H100 (basically training products introduced last 3 years) would say that this impacts new products,” wrote Moore, who has an in-line rating and a $182 price target on Nvidia. “We would guess that this is a restriction related to AI, so we wouldn’t expect ramifications for non-AI chips, but we don’t know if the restriction is just GPUs, vs. custom AI ASICs or specialty chips such as Intel’s Habana processors.”The restrictions also could cause problems beyond Nvidia. Citi Research analyst Atif Malik wrote that “we see an escalation in U.S. semiconductor restrictions to China and increased volatility for the semiconductors and equipment group,” while taking Nvidia off the firm’s positive “catalyst watch,” which had just been instituted on Friday.Mizuho analyst Jordan Klein said he senses that “negativity will spread broadly across Semis as to what restrictions could come next.”This all comes ahead of Nvidia’s big GTC conference that begins Sept. 19, where the company is expected to unveil its next generation “Lovelace” chip architecture to replace the now two-year old “Ampere” architecture during a consumer tech slump. In fact, Nvidia’s recent $1.22 billion inventory charge went to clear out a lot of that old inventory before the “Lovelace” launch.Nvidia stock was also the most actively traded on the S&P 500 index at a preliminary volume of 117.3 million shares, with shares of AMD a close second at more than 94.5 million shares. The 52-week average daily volume of Nvidia shares is 49 million, while AMD’s is about 83 million.Of the 44 analysts who cover Nvidia, 35 have buy-grade ratings, eight have sell ratings, and one has a sell rating. Of those, six lowered their price targets on the stock, resulting in an average target price of $210, down from $237.50 from a month ago.","news_type":1},"isVote":1,"tweetType":1,"viewCount":612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9992577787,"gmtCreate":1661348897952,"gmtModify":1676536501003,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Wao didn't see that coming.[Surprised]&nbsp;","listText":"Wao didn't see that coming.[Surprised]&nbsp;","text":"Wao didn't see that coming.[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992577787","repostId":"1162343527","repostType":4,"repost":{"id":"1162343527","kind":"news","pubTimestamp":1661354227,"share":"https://ttm.financial/m/news/1162343527?lang=&edition=fundamental","pubTime":"2022-08-24 23:17","market":"us","language":"en","title":"Elon Musk’s Many Korean Fans Have Built a $15 Billion Tesla Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1162343527","media":"Bloomberg","summary":"In a country where economic inequality has inspiredParasiteandSquid Game, retail investors hoping for a ticket to prosperity have amassed a huge position in the electric-car maker.llustration: Lucia P","content":"<html><head></head><body><p>In a country where economic inequality has inspired <i>Parasite</i> and <i>Squid Game</i>, retail investors hoping for a ticket to prosperity have amassed a huge position in the electric-car maker.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c628a928019451a317d0571a52e0552b\" tg-width=\"2210\" tg-height=\"1964\" referrerpolicy=\"no-referrer\"/><span>llustration: Lucia Pham for Bloomberg Businessweek</span></p><p>Park Sunghyun and her husband sold their home in Seoul, moved into a rental apartment with their 7-year-old son, and plowed the family’s $230,000 of savings into shares of <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc.</a></p><p>They’re not alone in betting everything on Elon Musk’s electric-car maker. Throughout the pandemic, individual South Koreans thronged into Tesla stock, increasing their combined holdings more than a hundredfold, to exceed $15 billion. It makes them key stakeholders in one of the largest companies in the world by market value, with a collective share as big as those of Larry Ellison or US money manager T. Rowe Price Group Inc. They tend to be dip buyers who jump in when the stock retreats, helping curb declines.</p><p>But there’s an unhappy undercurrent to such enthusiasm: As South Korea’s wealth gap widens, many of these investors see risky bets on stocks and cryptocurrencies as their only realistic path to financial independence. Tesla is a favorite of retail traders worldwide, but Musk has generated a following in the country with something that approaches cultlike fervor among struggling wage earners. They call themselves Teslams, blending the words “Tesla” and “Islam” to show the strength of their faith in the company. Some sign off on tweets with the word “Temen,” their play on “Tesla” and “amen.”</p><p>Park and her husband—university graduates who landed jobs in the finance sector before marrying and starting a family—hadn’t planned on risking everything on Tesla. Then the already hot property market reached a boiling point when the central bank cut interest rates to a record low after the coronavirus outbreak began in 2020.</p><p><img src=\"https://static.tigerbbs.com/332ec723ed0145f8110751875c90853a\" tg-width=\"694\" tg-height=\"535\" referrerpolicy=\"no-referrer\"/></p><p>The couple had sold their home in late 2019, hoping to buy a bigger one, but were left stranded as prices accelerated beyond their borrowing capacity. The same story has played out in many countries recently, but it’s emblematic of South Korea, where the cost of apartments in the greater Seoul metropolitan area doubled over the past five years, outpacing pay increases by more than 80 percentage points. A typical three-bedroom apartment—the most popular size—costs 1.24 billion won ($924,235) in Seoul on average, according to Kookmin Bank.</p><p>“I thought I would live well by working at a good company after college, but the reality is that we are the poorest in our neighborhood,” says Park, 40, echoing the kind of frustration that helped inspire Netflix Inc.’s Korean drama Squid Game. “Living as a salaried worker, there are so many limitations.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0361d48b4cabfdf6df8321fc7520b2da\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"/><span>A driver charges his Tesla Model 3 at a charger station in Suwon.Photographer: SeongJoon Cho/Bloomberg</span></p><p>Red flags abound. There’s Musk’s high-profile disputes with regulators; his on-again, off-again bid for Twitter Inc.; and the volatility it’s caused in Tesla’s share price. But investors such as Park find excitement in the drama. Although Tesla shares have dropped more than 25% from their 2021 high, they’re still up 1,900% over the past three years. That compares with an increase of about 40% for Samsung Electronics Co.—the most widely held stock in the country—and even less for Korea’s Kospi index.</p><p>“With this man, I thought we could go all-in,” says Park, who bought at an average price of $668 a share, well below the close of $870 on Aug. 22. She and her husband see Musk as a visionary who will succeed in continuing to effect change in the auto industry. “He’s doing things that nobody was thinking of before,” she says.</p><p>Individual Koreans held about 1.6% of the company’s equity as of Aug. 17, according to calculations by Bloomberg News based on data from Korea’s central securities depository. That’s more than their combined investments in Alphabet, Apple, Microsoft, and Nvidia, the data show. There are no official figures on the total holdings of US retail traders in Tesla, which is assumed to be larger given the bigger pool of investors in its home market. Giacomo Pierantoni, head of data at Singapore-based Vanda Research, estimates that individuals globally, excluding Musk and Ellison, own about 15% of the company.</p><p>The allure of Tesla is even stronger among people in their 20s and 30s who have fewer assets to start with than couples such as Park and her husband. Younger Koreans see little opportunity to follow their parents into the property market and are increasingly worried about repeating the financial struggles of their grandparents. Despite their lifetime of slogging that transformed the economy into an export powerhouse, elderly Koreans’ poverty rate is the highest among the 38 member countries of the Organization for Economic Cooperation and Development.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00e52e1a3202d8b6f8bc6bfcfff8d397\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"/><span>A Tesla store in Seoul.Photographer: SeongJoon Cho/Bloomberg</span></p><p>“I fell into a panic that I might never be able to buy a house,” says Son Gilhun, a 27-year-old forklift driver who lives in Hanam on the southeast outskirts of the capital. “Instead of giving up, I decided to follow my older colleagues in buying stocks.” He gambled heavily on Tesla and amassed a stock portfolio worth about $100,000 during the pandemic by adopting a frugal lifestyle and channeling half his $2,000 monthly paycheck into equities. Son trimmed his Korean holdings and boosted his stake in the carmaker in June when the shares fell below $700. His immediate goal is to buy a Tesla and, if he can make enough money, eventually a house.</p><p>Musk’s recent sale of about 7.92 million shares—to accumulate cash before a trial that could force him to follow through on an agreement to acquire Twitter—has drawn mixed responses from the Teslams. Some vented their disappointment on social media. Others hoped for another dip-buying opportunity, which didn’t materialize. Son was sanguine, describing it as “not so desirable” but understandable given the situation with Twitter. Park was angry at first but is keeping faith with her choice. “Teslams like myself are not changing our investment,” she says. “We are staying firm.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk’s Many Korean Fans Have Built a $15 Billion Tesla Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk’s Many Korean Fans Have Built a $15 Billion Tesla Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-24 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-23/tesla-tsla-stock-price-inspires-elon-musk-fervor-in-korea><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a country where economic inequality has inspired Parasite and Squid Game, retail investors hoping for a ticket to prosperity have amassed a huge position in the electric-car maker.llustration: ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-23/tesla-tsla-stock-price-inspires-elon-musk-fervor-in-korea\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-23/tesla-tsla-stock-price-inspires-elon-musk-fervor-in-korea","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162343527","content_text":"In a country where economic inequality has inspired Parasite and Squid Game, retail investors hoping for a ticket to prosperity have amassed a huge position in the electric-car maker.llustration: Lucia Pham for Bloomberg BusinessweekPark Sunghyun and her husband sold their home in Seoul, moved into a rental apartment with their 7-year-old son, and plowed the family’s $230,000 of savings into shares of Tesla Inc.They’re not alone in betting everything on Elon Musk’s electric-car maker. Throughout the pandemic, individual South Koreans thronged into Tesla stock, increasing their combined holdings more than a hundredfold, to exceed $15 billion. It makes them key stakeholders in one of the largest companies in the world by market value, with a collective share as big as those of Larry Ellison or US money manager T. Rowe Price Group Inc. They tend to be dip buyers who jump in when the stock retreats, helping curb declines.But there’s an unhappy undercurrent to such enthusiasm: As South Korea’s wealth gap widens, many of these investors see risky bets on stocks and cryptocurrencies as their only realistic path to financial independence. Tesla is a favorite of retail traders worldwide, but Musk has generated a following in the country with something that approaches cultlike fervor among struggling wage earners. They call themselves Teslams, blending the words “Tesla” and “Islam” to show the strength of their faith in the company. Some sign off on tweets with the word “Temen,” their play on “Tesla” and “amen.”Park and her husband—university graduates who landed jobs in the finance sector before marrying and starting a family—hadn’t planned on risking everything on Tesla. Then the already hot property market reached a boiling point when the central bank cut interest rates to a record low after the coronavirus outbreak began in 2020.The couple had sold their home in late 2019, hoping to buy a bigger one, but were left stranded as prices accelerated beyond their borrowing capacity. The same story has played out in many countries recently, but it’s emblematic of South Korea, where the cost of apartments in the greater Seoul metropolitan area doubled over the past five years, outpacing pay increases by more than 80 percentage points. A typical three-bedroom apartment—the most popular size—costs 1.24 billion won ($924,235) in Seoul on average, according to Kookmin Bank.“I thought I would live well by working at a good company after college, but the reality is that we are the poorest in our neighborhood,” says Park, 40, echoing the kind of frustration that helped inspire Netflix Inc.’s Korean drama Squid Game. “Living as a salaried worker, there are so many limitations.”A driver charges his Tesla Model 3 at a charger station in Suwon.Photographer: SeongJoon Cho/BloombergRed flags abound. There’s Musk’s high-profile disputes with regulators; his on-again, off-again bid for Twitter Inc.; and the volatility it’s caused in Tesla’s share price. But investors such as Park find excitement in the drama. Although Tesla shares have dropped more than 25% from their 2021 high, they’re still up 1,900% over the past three years. That compares with an increase of about 40% for Samsung Electronics Co.—the most widely held stock in the country—and even less for Korea’s Kospi index.“With this man, I thought we could go all-in,” says Park, who bought at an average price of $668 a share, well below the close of $870 on Aug. 22. She and her husband see Musk as a visionary who will succeed in continuing to effect change in the auto industry. “He’s doing things that nobody was thinking of before,” she says.Individual Koreans held about 1.6% of the company’s equity as of Aug. 17, according to calculations by Bloomberg News based on data from Korea’s central securities depository. That’s more than their combined investments in Alphabet, Apple, Microsoft, and Nvidia, the data show. There are no official figures on the total holdings of US retail traders in Tesla, which is assumed to be larger given the bigger pool of investors in its home market. Giacomo Pierantoni, head of data at Singapore-based Vanda Research, estimates that individuals globally, excluding Musk and Ellison, own about 15% of the company.The allure of Tesla is even stronger among people in their 20s and 30s who have fewer assets to start with than couples such as Park and her husband. Younger Koreans see little opportunity to follow their parents into the property market and are increasingly worried about repeating the financial struggles of their grandparents. Despite their lifetime of slogging that transformed the economy into an export powerhouse, elderly Koreans’ poverty rate is the highest among the 38 member countries of the Organization for Economic Cooperation and Development.A Tesla store in Seoul.Photographer: SeongJoon Cho/Bloomberg“I fell into a panic that I might never be able to buy a house,” says Son Gilhun, a 27-year-old forklift driver who lives in Hanam on the southeast outskirts of the capital. “Instead of giving up, I decided to follow my older colleagues in buying stocks.” He gambled heavily on Tesla and amassed a stock portfolio worth about $100,000 during the pandemic by adopting a frugal lifestyle and channeling half his $2,000 monthly paycheck into equities. Son trimmed his Korean holdings and boosted his stake in the carmaker in June when the shares fell below $700. His immediate goal is to buy a Tesla and, if he can make enough money, eventually a house.Musk’s recent sale of about 7.92 million shares—to accumulate cash before a trial that could force him to follow through on an agreement to acquire Twitter—has drawn mixed responses from the Teslams. Some vented their disappointment on social media. Others hoped for another dip-buying opportunity, which didn’t materialize. Son was sanguine, describing it as “not so desirable” but understandable given the situation with Twitter. Park was angry at first but is keeping faith with her choice. “Teslams like myself are not changing our investment,” she says. “We are staying firm.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9900477465,"gmtCreate":1658760221057,"gmtModify":1676536203116,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Everyone has their own theory[What]&nbsp;","listText":"Everyone has their own theory[What]&nbsp;","text":"Everyone has their own theory[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9900477465","repostId":"2254235880","repostType":2,"repost":{"id":"2254235880","kind":"highlight","pubTimestamp":1658756065,"share":"https://ttm.financial/m/news/2254235880?lang=&edition=fundamental","pubTime":"2022-07-25 21:34","market":"us","language":"en","title":"Is Warren Buffett Betting Against Renewable Energy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2254235880","media":"Motley Fool","summary":"Buffett might seem to be unenthusiastic about renewable energy. But there's more to the story.","content":"<html><head></head><body><p>Renewable energy seems like a slam dunk, right? Governments around the world have adopted aggressive goals to reduce carbon emissions. High gas prices have made electric vehicles more attractive to many Americans. Meanwhile, the costs of wind and solar have come down so much that they&#39;re a cheaper alternative for energy production than fossil fuels.</p><p>Despite these trends, Warren Buffett&#39;s recent investing activity could lead one to conclude that he&#39;s not convinced about this supposed slam dunk. Is Buffett betting against renewable energy?</p><h2>Yes to Big Oil</h2><p>There&#39;s no question that Buffett has become a big fan of Big Oil lately. <b>Chevron</b> (CVX -0.83%) now ranks as the fifth-largest holding in <b>Berkshire Hathaway</b>&#39;s (BRK.A -0.31%) (BRK.B -0.32%) portfolio. Buffett didn&#39;t begin building a position in the oil stock until late 2020.</p><p>But the multibillionaire investor seems to be even more smitten with <b>Occidental Petroleum</b> (OXY -1.52%) in recent months. Berkshire went on a buying frenzy in the first quarter, scooping up more than 136 million shares of Occidental. This activity continued into Q2. Berkshire now owns nearly 182 million shares of the oil company -- enough to give it a 19.4% stake.</p><p>These purchases prompted online business magazine Quartz to publish an article earlier this month with the headline, &#34;Warren Buffett&#39;s big bets on oil are betraying the climate.&#34; In the article, Samanth Subramanian wrote that Buffett is &#34;doubling down on fossil fuels when the rest of the world is trying to divest from it.&#34;</p><h2>No to electric vehicles?</h2><p>In Buffett&#39;s most recent letter to Berkshire shareholders, he stated that Berkshire Hathaway Energy (BHE) owned 225 million shares of Chinese electric vehicle (EV) maker <b>BYD</b> (BYDDY -3.01%). This amounts to roughly 7.7% of the company.</p><p>Berkshire Hathaway vice-chairman Charlie Munger first recommended BYD back in 2008. Buffett agreed with the pick. And it&#39;s been a huge winner for Berkshire through the years.</p><p>However, on July 11, 2022, a major sell transaction for BYD was registered on Hong Kong&#39;s Clearing and Settlement System. The number of shares being sold was... 225 million. This understandably led to widespread speculation that Berkshire was exiting its position in BYD.</p><p>It&#39;s still not clear if Buffett is actually selling Berkshire&#39;s big stake in BYD. No regulatory filing of the transaction has been filed. Some analysts think Berkshire could be lending its shares to short-sellers. Others, though, believe that a full exit is on the way.</p><h2>Drilling down</h2><p>So is Buffett really betting against renewable energy? I don&#39;t think so. Drilling down into the details explains why.</p><p>Buffett&#39;s record shows that his involvement with oil stocks is often temporary. For example, in 2020, Berkshire sold all of its previous stake in Occidental. Buffett doesn&#39;t seem to view Oxy, Chevron, or any other oil and gas company as a &#34;forever&#34; stock. He&#39;s simply riding the current wave driven by increased fuel prices to boost Berkshire&#39;s returns.</p><p>Even if Berkshire sells its stake in BYD, the company still has a significant position in another big electric vehicle maker -- <b>General Motors</b> (GM -1.31%). Many investors overlook GM as an EV stock. However, the company ranked third in U.S. EV sales last year and is spending heavily to become an even bigger player in the market.</p><p>More importantly, Buffett referred to BHE as one of Berkshire&#39;s &#34;four giants&#34; in his latest letter to shareholders. He noted that BHE is now &#34;a leading force in wind, solar and transmission&#34; and &#34;has long been making climate-conscious moves that soak up all of its earnings.&#34; The reality is that Buffett is betting <i>on</i> renewable energy rather than against it.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Warren Buffett Betting Against Renewable Energy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Warren Buffett Betting Against Renewable Energy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-25 21:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/25/is-warren-buffett-betting-against-renewable-energy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Renewable energy seems like a slam dunk, right? Governments around the world have adopted aggressive goals to reduce carbon emissions. High gas prices have made electric vehicles more attractive to ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/25/is-warren-buffett-betting-against-renewable-energy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","OXY":"西方石油","BRK.B":"伯克希尔B"},"source_url":"https://www.fool.com/investing/2022/07/25/is-warren-buffett-betting-against-renewable-energy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2254235880","content_text":"Renewable energy seems like a slam dunk, right? Governments around the world have adopted aggressive goals to reduce carbon emissions. High gas prices have made electric vehicles more attractive to many Americans. Meanwhile, the costs of wind and solar have come down so much that they're a cheaper alternative for energy production than fossil fuels.Despite these trends, Warren Buffett's recent investing activity could lead one to conclude that he's not convinced about this supposed slam dunk. Is Buffett betting against renewable energy?Yes to Big OilThere's no question that Buffett has become a big fan of Big Oil lately. Chevron (CVX -0.83%) now ranks as the fifth-largest holding in Berkshire Hathaway's (BRK.A -0.31%) (BRK.B -0.32%) portfolio. Buffett didn't begin building a position in the oil stock until late 2020.But the multibillionaire investor seems to be even more smitten with Occidental Petroleum (OXY -1.52%) in recent months. Berkshire went on a buying frenzy in the first quarter, scooping up more than 136 million shares of Occidental. This activity continued into Q2. Berkshire now owns nearly 182 million shares of the oil company -- enough to give it a 19.4% stake.These purchases prompted online business magazine Quartz to publish an article earlier this month with the headline, \"Warren Buffett's big bets on oil are betraying the climate.\" In the article, Samanth Subramanian wrote that Buffett is \"doubling down on fossil fuels when the rest of the world is trying to divest from it.\"No to electric vehicles?In Buffett's most recent letter to Berkshire shareholders, he stated that Berkshire Hathaway Energy (BHE) owned 225 million shares of Chinese electric vehicle (EV) maker BYD (BYDDY -3.01%). This amounts to roughly 7.7% of the company.Berkshire Hathaway vice-chairman Charlie Munger first recommended BYD back in 2008. Buffett agreed with the pick. And it's been a huge winner for Berkshire through the years.However, on July 11, 2022, a major sell transaction for BYD was registered on Hong Kong's Clearing and Settlement System. The number of shares being sold was... 225 million. This understandably led to widespread speculation that Berkshire was exiting its position in BYD.It's still not clear if Buffett is actually selling Berkshire's big stake in BYD. No regulatory filing of the transaction has been filed. Some analysts think Berkshire could be lending its shares to short-sellers. Others, though, believe that a full exit is on the way.Drilling downSo is Buffett really betting against renewable energy? I don't think so. Drilling down into the details explains why.Buffett's record shows that his involvement with oil stocks is often temporary. For example, in 2020, Berkshire sold all of its previous stake in Occidental. Buffett doesn't seem to view Oxy, Chevron, or any other oil and gas company as a \"forever\" stock. He's simply riding the current wave driven by increased fuel prices to boost Berkshire's returns.Even if Berkshire sells its stake in BYD, the company still has a significant position in another big electric vehicle maker -- General Motors (GM -1.31%). Many investors overlook GM as an EV stock. However, the company ranked third in U.S. EV sales last year and is spending heavily to become an even bigger player in the market.More importantly, Buffett referred to BHE as one of Berkshire's \"four giants\" in his latest letter to shareholders. He noted that BHE is now \"a leading force in wind, solar and transmission\" and \"has long been making climate-conscious moves that soak up all of its earnings.\" The reality is that Buffett is betting on renewable energy rather than against it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055849630,"gmtCreate":1655259116121,"gmtModify":1676535598404,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Is good to know NVDA won't be solely reliant on gaming","listText":"Is good to know NVDA won't be solely reliant on gaming","text":"Is good to know NVDA won't be solely reliant on gaming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055849630","repostId":"1156818336","repostType":2,"repost":{"id":"1156818336","kind":"news","pubTimestamp":1655257539,"share":"https://ttm.financial/m/news/1156818336?lang=&edition=fundamental","pubTime":"2022-06-15 09:45","market":"us","language":"en","title":"Nvidia Is a Long-Term Buy With Data Center Strength","url":"https://stock-news.laohu8.com/highlight/detail?id=1156818336","media":"InvestorPlace","summary":"Nvidia Corporation (NVDA) has seen its shares slide by over 40% in 2022, including near 6% drop on F","content":"<html><head></head><body><ul><li>Nvidia Corporation (NVDA) has seen its shares slide by over 40% in 2022, including near 6% drop on Friday</li><li>The company has a deep product release pipeline and it is now making more revenue from Data Center than Gaming</li><li>NVDA stock has been a top long-term growth pick for years, but at current discounted prices and with Data Center strength, it is tough to overlook this buy</li></ul><p>On Friday, the U.S. Bureau of Labor Statistics published May inflation numbers. They weren’t pretty. The 8.6% inflation rate was the fastest increase since December 1981. That sent the market into a panic, and Nvidia Corporation (NVDA) stock certainly felt it. NVDA stock closed on Friday down 5.95% for the day.</p><p>The concern is that when economic conditions are tough, consumers will have less disposable income to spend on things like new graphics cards for their PCs. The product that is (or, was — more on that shortly) Nvidia’s bread and butter. That’s on top of concern that the GPU market could be upended by the arrival of Intel (NASDAQ:INTC). With that company’s new Intel Xe GPUs, Nvidia and rival Advanced Micro Devices (NASDAQ:AMD) no longer have the market to themselves.</p><p>However, the game is changing for Nvidia as well. Last quarter, the company’s Data Center revenue surpassed Gaming revenue. The strong growth of that Data Center segment is why neither inflation nor Intel worries me. NVDA stock will continue to be in a strong long-term growth position. Last Friday’s drop is just the latest opportunity to buy Nvidia stock at a great price.</p><h3>Data Center Revenue Overtook Gaming Last Quarter</h3><p>When we talk about Nvidia, the conversation is around GPUs. Specifically, it tends to be around graphics cards like the uber-popular GeForce RTX 30 series. These continue to be in hot demand among gamers and sell faster than Nvidia can make them. Historically, these cards make up the company’s Gaming division, which brings in the bulk of the company’s revenue.</p><p>It’s fair to say that those graphics cards have been the primary driver of  NVDA stock.</p><p>That changed last quarter. On May 25, Nvidia reported its first-quarter fiscal 2023 earnings. Gaming revenue of $3.62 billion was a record-setter and up 31% year-over-year.</p><p>However, Data Center revenue was up a whopping 83% YOY. And at a record $3.75 billion, it eclipsed Gaming revenue. This is a big deal and it bodes very well for the future performance of NVDA stock.</p><p>The company’s GPU-powered servers including the new Grace Hopper and Grace CPU superchips are making inroads into data centers — traditionally Intel territory. Demand is skyrocketing for advanced capabilities like AI to power next-gen platforms like the metaverse.</p><p>Nvidia is excelling here. This doesn’t mean gaming isn’t still very important to Nvidia. It is. But the company is no longer reliant on it. And it happens to be making big inroads in a data center market that is projected to grow astronomically to meet coming demand.</p><h3>What About Intel?</h3><p>Should Nvidia investors be losing sleep about Intel? After all, this is the company that has dominated data centers since the first one was built. And it is now taking aim at Nvidia’s core market of PC gamers with its own graphics cards.</p><p>First, Intel’s CPUs are no match for Nvidia GPUs when it comes to the needs of many modern data centers. Intel is losing share, while Nvidia is rapidly growing. Last April, INTC stock suffered a big drop after it was revealed its data center chip sales had dropped by over 20% YOY. There’s no question, Nvidia is in the ascendency here.</p><p>In terms of graphics cards for laptops and desktop PCs, it’s possible that Intel will take some marketshare from AMD and Nvidia. However, being competitive and besting the performance of the market leaders are two very different things. An Intel GPU is highly unlikely to outperform an equivalent Nvidia GPU any time soon.</p><p>In addition, Intel has a chicken and egg problem. Until game makers release drivers to support Intel GPUs, demand is unlikely to take off — no matter how good those graphics cards might be. But with the vast majority of players using Nvidia or AMD graphics cards, game makers will be reluctant to spend the time and money on Intel drivers.</p><p>In short, nothing that Intel is doing makes me lose sleep about the impact on NVDA stock.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Is a Long-Term Buy With Data Center Strength</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\">\nNvidia Is a Long-Term Buy With Data Center Strength\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 09:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/forgeinflation-and-intel-with-data-center-strength-nvidia-stock-is-a-long-term-buy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia Corporation (NVDA) has seen its shares slide by over 40% in 2022, including near 6% drop on FridayThe company has a deep product release pipeline and it is now making more revenue from Data ...</p>\n\n<a href=\"https://investorplace.com/2022/06/forgeinflation-and-intel-with-data-center-strength-nvidia-stock-is-a-long-term-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://investorplace.com/2022/06/forgeinflation-and-intel-with-data-center-strength-nvidia-stock-is-a-long-term-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156818336","content_text":"Nvidia Corporation (NVDA) has seen its shares slide by over 40% in 2022, including near 6% drop on FridayThe company has a deep product release pipeline and it is now making more revenue from Data Center than GamingNVDA stock has been a top long-term growth pick for years, but at current discounted prices and with Data Center strength, it is tough to overlook this buyOn Friday, the U.S. Bureau of Labor Statistics published May inflation numbers. They weren’t pretty. The 8.6% inflation rate was the fastest increase since December 1981. That sent the market into a panic, and Nvidia Corporation (NVDA) stock certainly felt it. NVDA stock closed on Friday down 5.95% for the day.The concern is that when economic conditions are tough, consumers will have less disposable income to spend on things like new graphics cards for their PCs. The product that is (or, was — more on that shortly) Nvidia’s bread and butter. That’s on top of concern that the GPU market could be upended by the arrival of Intel (NASDAQ:INTC). With that company’s new Intel Xe GPUs, Nvidia and rival Advanced Micro Devices (NASDAQ:AMD) no longer have the market to themselves.However, the game is changing for Nvidia as well. Last quarter, the company’s Data Center revenue surpassed Gaming revenue. The strong growth of that Data Center segment is why neither inflation nor Intel worries me. NVDA stock will continue to be in a strong long-term growth position. Last Friday’s drop is just the latest opportunity to buy Nvidia stock at a great price.Data Center Revenue Overtook Gaming Last QuarterWhen we talk about Nvidia, the conversation is around GPUs. Specifically, it tends to be around graphics cards like the uber-popular GeForce RTX 30 series. These continue to be in hot demand among gamers and sell faster than Nvidia can make them. Historically, these cards make up the company’s Gaming division, which brings in the bulk of the company’s revenue.It’s fair to say that those graphics cards have been the primary driver of  NVDA stock.That changed last quarter. On May 25, Nvidia reported its first-quarter fiscal 2023 earnings. Gaming revenue of $3.62 billion was a record-setter and up 31% year-over-year.However, Data Center revenue was up a whopping 83% YOY. And at a record $3.75 billion, it eclipsed Gaming revenue. This is a big deal and it bodes very well for the future performance of NVDA stock.The company’s GPU-powered servers including the new Grace Hopper and Grace CPU superchips are making inroads into data centers — traditionally Intel territory. Demand is skyrocketing for advanced capabilities like AI to power next-gen platforms like the metaverse.Nvidia is excelling here. This doesn’t mean gaming isn’t still very important to Nvidia. It is. But the company is no longer reliant on it. And it happens to be making big inroads in a data center market that is projected to grow astronomically to meet coming demand.What About Intel?Should Nvidia investors be losing sleep about Intel? After all, this is the company that has dominated data centers since the first one was built. And it is now taking aim at Nvidia’s core market of PC gamers with its own graphics cards.First, Intel’s CPUs are no match for Nvidia GPUs when it comes to the needs of many modern data centers. Intel is losing share, while Nvidia is rapidly growing. Last April, INTC stock suffered a big drop after it was revealed its data center chip sales had dropped by over 20% YOY. There’s no question, Nvidia is in the ascendency here.In terms of graphics cards for laptops and desktop PCs, it’s possible that Intel will take some marketshare from AMD and Nvidia. However, being competitive and besting the performance of the market leaders are two very different things. An Intel GPU is highly unlikely to outperform an equivalent Nvidia GPU any time soon.In addition, Intel has a chicken and egg problem. Until game makers release drivers to support Intel GPUs, demand is unlikely to take off — no matter how good those graphics cards might be. But with the vast majority of players using Nvidia or AMD graphics cards, game makers will be reluctant to spend the time and money on Intel drivers.In short, nothing that Intel is doing makes me lose sleep about the impact on NVDA stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4103864033944460","authorId":"4103864033944460","name":"PaperPlay","avatar":"https://community-static.tradeup.com/news/f9bd8cbd182d6cb24667a31115671409","crmLevel":4,"crmLevelSwitch":0,"idStr":"4103864033944460","authorIdStr":"4103864033944460"},"content":"$NVIDIA Corp(NVDA)$ has a distinctive segment outside of gaming. In fact they know the risks of depending on consumer gaming needs.","text":"$NVIDIA Corp(NVDA)$ has a distinctive segment outside of gaming. In fact they know the risks of depending on consumer gaming needs.","html":"$NVIDIA Corp(NVDA)$ has a distinctive segment outside of gaming. In fact they know the risks of depending on consumer gaming needs."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037425827,"gmtCreate":1648168515786,"gmtModify":1676534312228,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Time&nbsp; to take us flying! Hahaha","listText":"Time&nbsp; to take us flying! Hahaha","text":"Time to take us flying! Hahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037425827","repostId":"2222257070","repostType":2,"repost":{"id":"2222257070","kind":"highlight","pubTimestamp":1648167432,"share":"https://ttm.financial/m/news/2222257070?lang=&edition=fundamental","pubTime":"2022-03-25 08:17","market":"us","language":"en","title":"Why Tesla Stock Zoomed Higher Again","url":"https://stock-news.laohu8.com/highlight/detail?id=2222257070","media":"Motley Fool","summary":"Two news items are helping to push Tesla stock higher today.","content":"<html><head></head><body><h2>What happened</h2><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>  stock has the pedal to the metal. For the eighth day in a row, shares of the electric car superstar roared higher -- closed 1.48% higher on Thursday.</p><p>A couple of positive news items today may explain why Tesla shares continue to zoom higher.</p><p><img src=\"https://static.tigerbbs.com/d1f5da4b79cdf2d1ebdacb6ec349933d\" tg-width=\"700\" tg-height=\"457\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><h2>So what</h2><p>News item No. 1: You probably heard last year when rental car kingpin <b>Hertz</b> said it was ordering 100,000 pricey new Teslas to add to its rental car fleet, right? At first, those were going to be largely Model 3 sedans, Tesla&#39;s cheapest electric car (if still not exactly cheap at $47,000). Well, last night, Reuters reported that Hertz will also be buying some Model Y crossovers from Tesla as well -- and <i>those</i> electro-buggies don&#39;t roll off the car lot for less than $63,000.</p><p>Long story short, for every single Model Y Hertz buys from Tesla, instead of a Model 3, Tesla investors can expect to see 34% more revenue for their Tesla stock.</p><h2>Now what</h2><p>Selling electric cars is good business for Tesla, accounting for about 95% of Tesla&#39;s $53.8 billion in revenue last year, according to data from S&amp;P Global Market Intelligence. But electric cars don&#39;t go very far without batteries to operate them -- which brings us to news item No. 2:</p><p>As Reuters also reported last night, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of Tesla&#39;s battery suppliers, LG Energy Solution, has announced that it will spend $1.4 billion to build a battery factory in Arizona. LG says the factory will supply both &#34;prominent start-ups&#34; and other car companies in North America, presumably referring to LG customers <b>Lucid Group</b> and also to Tesla.</p><p>Reuters reports that the new LG factory won&#39;t reach &#34;mass production&#34; levels before 2024, but construction will begin in Q2 2022 -- which begins just eight days from today, and promises a relatively quick influx of new battery supplies for Tesla. Considering that Tesla CEO Elon Musk has highlighted battery supply as &#34;<i>the</i> limiting factor&#34; (emphasis added) in Tesla being able to ramp up car production over the next few years, LG&#39;s entry into Arizona can only be good news for Tesla stock.</p><p>And that&#39;s exactly how Tesla investors are treating it today.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Tesla Stock Zoomed Higher Again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Tesla Stock Zoomed Higher Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-25 08:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/24/why-tesla-stock-zoomed-higher-again/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedTesla Motors  stock has the pedal to the metal. For the eighth day in a row, shares of the electric car superstar roared higher -- closed 1.48% higher on Thursday.A couple of positive ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/24/why-tesla-stock-zoomed-higher-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","TSLA":"特斯拉","BK4581":"高盛持仓","BK4550":"红杉资本持仓","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://www.fool.com/investing/2022/03/24/why-tesla-stock-zoomed-higher-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222257070","content_text":"What happenedTesla Motors  stock has the pedal to the metal. For the eighth day in a row, shares of the electric car superstar roared higher -- closed 1.48% higher on Thursday.A couple of positive news items today may explain why Tesla shares continue to zoom higher.Image source: Getty Images.So whatNews item No. 1: You probably heard last year when rental car kingpin Hertz said it was ordering 100,000 pricey new Teslas to add to its rental car fleet, right? At first, those were going to be largely Model 3 sedans, Tesla's cheapest electric car (if still not exactly cheap at $47,000). Well, last night, Reuters reported that Hertz will also be buying some Model Y crossovers from Tesla as well -- and those electro-buggies don't roll off the car lot for less than $63,000.Long story short, for every single Model Y Hertz buys from Tesla, instead of a Model 3, Tesla investors can expect to see 34% more revenue for their Tesla stock.Now whatSelling electric cars is good business for Tesla, accounting for about 95% of Tesla's $53.8 billion in revenue last year, according to data from S&P Global Market Intelligence. But electric cars don't go very far without batteries to operate them -- which brings us to news item No. 2:As Reuters also reported last night, one of Tesla's battery suppliers, LG Energy Solution, has announced that it will spend $1.4 billion to build a battery factory in Arizona. LG says the factory will supply both \"prominent start-ups\" and other car companies in North America, presumably referring to LG customers Lucid Group and also to Tesla.Reuters reports that the new LG factory won't reach \"mass production\" levels before 2024, but construction will begin in Q2 2022 -- which begins just eight days from today, and promises a relatively quick influx of new battery supplies for Tesla. Considering that Tesla CEO Elon Musk has highlighted battery supply as \"the limiting factor\" (emphasis added) in Tesla being able to ramp up car production over the next few years, LG's entry into Arizona can only be good news for Tesla stock.And that's exactly how Tesla investors are treating it today.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099302259,"gmtCreate":1643294800666,"gmtModify":1676533799067,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Time to load up guys!","listText":"Time to load up guys!","text":"Time to load up guys!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099302259","repostId":"1112573013","repostType":2,"repost":{"id":"1112573013","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643294127,"share":"https://ttm.financial/m/news/1112573013?lang=&edition=fundamental","pubTime":"2022-01-27 22:35","market":"us","language":"en","title":"Tesla Fell over 5% in Morning Trading as Put Off New Models","url":"https://stock-news.laohu8.com/highlight/detail?id=1112573013","media":"Tiger Newspress","summary":"Tesla fell over 5% in morning trading as put off new models.Here’s how the company performed:Earning","content":"<html><head></head><body><p>Tesla fell over 5% in morning trading as put off new models.<img src=\"https://static.tigerbbs.com/116702e39e5bc9ec8b82b6a0a9d1d121\" tg-width=\"1116\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/>Here’s how the company performed:</p><p>Earnings (adjusted): $2.52 per share, vs. $2.36 per share expected by analysts, according to Refinitiv</p><p>Revenue:$17.72 billion, vs. $16.57 billion expected by analysts, according to Refinitiv</p><p>Revenue rose 65% year over year in the quarter, while automotive revenue totaled $15.97 billion, up 71%, according to a statement.</p><p>Energy generation and storage revenue was $688 million, which was down 8% and below the StreetAccount consensus of $815.1 million. It was the lowest revenue for that division since the first quarter of 2021.</p><p>Net income, at $2.32 billion, was up some 760%, and Tesla said it had a 27.4% gross margin, compared with 26.6% in the previous quarter.</p><p>“Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022,” the company said.</p><p>In 2021,Tesla delivered 936,172 vehicles, an 87% increase versus 2020 when it reported its first annual profit on deliveries of 499,647. Its 2021 deliveries included 308,600 electric vehicles in the fourth quarter. (Deliveries are the closest approximation to sales reported by Tesla.)</p><p>Full-year GAAP profit rose to $5.5 billion from $721 million in 2020, while 2021 sales rose 71% to $53.8 billion, from $31.5 billion in 2020. Tesla said it ended the quarter with $2.8 billion in free cash flow. Total debt excluding vehicle and energy-product financing fell to $1.4 billion at the end of the year, it said.</p><p>The company said it started building Model Ys in late 2021 at its factory in Austin, Texas, and plans to start deliveries of the compact SUV after final certifications. The Tesla Fremont factory in the San Francisco Bay Area reached “record production” last year, and could expand its capacity beyond 600,000 vehicles a year, Tesla said.</p><p>Tesla&#39;s $4.09 billion in adjusted earnings before interest, tax, depreciation and amortization (EBITDA) beat the consensus estimate of $3.89 billion, according to Refinitiv. That appeared to qualify Chief Executive Officer Elon Musk for an additional options payout under his 2018 compensation package.</p><p>Quarterly profits took a $340 million hit from payroll taxes related to Musk exercising options related to his 2012 compensation package.</p><p>The profits also reflected rising raw material, commodity and logistics costs and expenses related to warranties and recalls. Tesla is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing.</p><p>CEO Elon Musk and other execs are expected to give a progress update on the company’s long-delayed heavy duty Semi truck, experimental Cybertruck pickup, and plans for driverless vehicle systems and a $25,000 compact car.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Fell over 5% in Morning Trading as Put Off New Models</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 Fell over 5% in Morning Trading as Put Off New Models\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-27 22:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla fell over 5% in morning trading as put off new models.<img src=\"https://static.tigerbbs.com/116702e39e5bc9ec8b82b6a0a9d1d121\" tg-width=\"1116\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/>Here’s how the company performed:</p><p>Earnings (adjusted): $2.52 per share, vs. $2.36 per share expected by analysts, according to Refinitiv</p><p>Revenue:$17.72 billion, vs. $16.57 billion expected by analysts, according to Refinitiv</p><p>Revenue rose 65% year over year in the quarter, while automotive revenue totaled $15.97 billion, up 71%, according to a statement.</p><p>Energy generation and storage revenue was $688 million, which was down 8% and below the StreetAccount consensus of $815.1 million. It was the lowest revenue for that division since the first quarter of 2021.</p><p>Net income, at $2.32 billion, was up some 760%, and Tesla said it had a 27.4% gross margin, compared with 26.6% in the previous quarter.</p><p>“Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022,” the company said.</p><p>In 2021,Tesla delivered 936,172 vehicles, an 87% increase versus 2020 when it reported its first annual profit on deliveries of 499,647. Its 2021 deliveries included 308,600 electric vehicles in the fourth quarter. (Deliveries are the closest approximation to sales reported by Tesla.)</p><p>Full-year GAAP profit rose to $5.5 billion from $721 million in 2020, while 2021 sales rose 71% to $53.8 billion, from $31.5 billion in 2020. Tesla said it ended the quarter with $2.8 billion in free cash flow. Total debt excluding vehicle and energy-product financing fell to $1.4 billion at the end of the year, it said.</p><p>The company said it started building Model Ys in late 2021 at its factory in Austin, Texas, and plans to start deliveries of the compact SUV after final certifications. The Tesla Fremont factory in the San Francisco Bay Area reached “record production” last year, and could expand its capacity beyond 600,000 vehicles a year, Tesla said.</p><p>Tesla&#39;s $4.09 billion in adjusted earnings before interest, tax, depreciation and amortization (EBITDA) beat the consensus estimate of $3.89 billion, according to Refinitiv. That appeared to qualify Chief Executive Officer Elon Musk for an additional options payout under his 2018 compensation package.</p><p>Quarterly profits took a $340 million hit from payroll taxes related to Musk exercising options related to his 2012 compensation package.</p><p>The profits also reflected rising raw material, commodity and logistics costs and expenses related to warranties and recalls. Tesla is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing.</p><p>CEO Elon Musk and other execs are expected to give a progress update on the company’s long-delayed heavy duty Semi truck, experimental Cybertruck pickup, and plans for driverless vehicle systems and a $25,000 compact car.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112573013","content_text":"Tesla fell over 5% in morning trading as put off new models.Here’s how the company performed:Earnings (adjusted): $2.52 per share, vs. $2.36 per share expected by analysts, according to RefinitivRevenue:$17.72 billion, vs. $16.57 billion expected by analysts, according to RefinitivRevenue rose 65% year over year in the quarter, while automotive revenue totaled $15.97 billion, up 71%, according to a statement.Energy generation and storage revenue was $688 million, which was down 8% and below the StreetAccount consensus of $815.1 million. It was the lowest revenue for that division since the first quarter of 2021.Net income, at $2.32 billion, was up some 760%, and Tesla said it had a 27.4% gross margin, compared with 26.6% in the previous quarter.“Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022,” the company said.In 2021,Tesla delivered 936,172 vehicles, an 87% increase versus 2020 when it reported its first annual profit on deliveries of 499,647. Its 2021 deliveries included 308,600 electric vehicles in the fourth quarter. (Deliveries are the closest approximation to sales reported by Tesla.)Full-year GAAP profit rose to $5.5 billion from $721 million in 2020, while 2021 sales rose 71% to $53.8 billion, from $31.5 billion in 2020. Tesla said it ended the quarter with $2.8 billion in free cash flow. Total debt excluding vehicle and energy-product financing fell to $1.4 billion at the end of the year, it said.The company said it started building Model Ys in late 2021 at its factory in Austin, Texas, and plans to start deliveries of the compact SUV after final certifications. The Tesla Fremont factory in the San Francisco Bay Area reached “record production” last year, and could expand its capacity beyond 600,000 vehicles a year, Tesla said.Tesla's $4.09 billion in adjusted earnings before interest, tax, depreciation and amortization (EBITDA) beat the consensus estimate of $3.89 billion, according to Refinitiv. That appeared to qualify Chief Executive Officer Elon Musk for an additional options payout under his 2018 compensation package.Quarterly profits took a $340 million hit from payroll taxes related to Musk exercising options related to his 2012 compensation package.The profits also reflected rising raw material, commodity and logistics costs and expenses related to warranties and recalls. Tesla is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing.CEO Elon Musk and other execs are expected to give a progress update on the company’s long-delayed heavy duty Semi truck, experimental Cybertruck pickup, and plans for driverless vehicle systems and a $25,000 compact car.","news_type":1},"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075217257,"gmtCreate":1658203063679,"gmtModify":1676536121952,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Tim cook has indeed done a great job in terms of operating the company![Cool]&nbsp;","listText":"Tim cook has indeed done a great job in terms of operating the company![Cool]&nbsp;","text":"Tim cook has indeed done a great job in terms of operating the company![Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075217257","repostId":"1141191666","repostType":2,"repost":{"id":"1141191666","kind":"news","pubTimestamp":1658199313,"share":"https://ttm.financial/m/news/1141191666?lang=&edition=fundamental","pubTime":"2022-07-19 10:55","market":"us","language":"en","title":"Apple: A Wonderful Business At A Fair Price, Assuming Growth Continues","url":"https://stock-news.laohu8.com/highlight/detail?id=1141191666","media":"Seeking Alpha","summary":"SummaryWith an ever-growing services component representing 20% of Apple's revenue at a 72.6% gross ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>With an ever-growing services component representing 20% of Apple&#39;s revenue at a 72.6% gross margin, growth is coming in at high margin.</li><li>$86 billion of Apple shares repurchased in the last 12 months, coupled with a $15 billion dividend, makes up the lion&#39;s share of a record $105.8 billion of free cash flow.</li><li>Valuation is at a fair middle ground of 23.16x free cash flow - a fair price for a wonderful business securing good, not great returns over 5 years.</li></ul><p><b>Fundamental 10-Step Analysis Of Apple Health &amp; Valuation</b></p><p>It&#39;s been a wild ride of a year for Apple Inc. (NASDAQ:AAPL) - just twelve months ago the company was generating $90B in free cash flow &amp; $76B in earnings, then fluctuated between $130 and $180 per share from the exuberance of the market to the decline of all things tech, and now has settled at...almost precisely where it was on a share price basis one year ago.</p><p>But wait...with a nearly 5% decline in shares outstanding the market cap actually sits slightly lower now than one year ago. And now Apple is generating nearly $106B in free cash flow and almost $102B in earnings. Clearly, the valuation has dropped while the fundamental performance has continued progressing forward at rates almost unheard of for a $2.45T (with a T) market cap company. As you will see based on the fundamentals, this is clearly a wonderful business that has continued to outperform its competitors and almost every other business with its reach, moat, and financial performance. The analysis shows this with ease, but with each step, we must ask and assess - can this continue?</p><p>Let&#39;s take a look at the current share price&#39;s justification by valuation metrics and the fundamentals over the past 5 years.</p><p><img src=\"https://static.tigerbbs.com/86eaf0d782cee5325b02b022bb623280\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Using the $2.451T market cap as of July 18, 2022, Apple is the world&#39;s most valuable company and has grown over 5 years at compounded annual growth rates that astound: 12% revenue CAGR, 17.5% earnings CAGR, and over 14% free cash flow CAGR - all while decreasing share count at 5% compounded annually. The margins continue expanding as the services component of the business continues growing, now making up 20% of total revenue at 72.6% gross margin - the second largest category of revenue Apple breaks out.</p><p><img src=\"https://static.tigerbbs.com/39d0b86012afe08f5c49e3373d6b6147\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Just look at this return from 10 years showing the price growth of $10,000. Apple, through high return on invested capital, earnings growth, and recent share buybacks, was able to more than double the S&amp;P 500 return. But it wasn&#39;t always the case - the outperformance has occurred almost exclusively since the end of 2019 as the valuation metric went from 10-12x earnings to nearly 30 in the most exuberant parts of late 2021. All of this sets the stage for some introspection from an investor&#39;s standpoint: clearly, the company operated in the doldrums compared to the S&amp;P 500 return for many years, can this pattern return? Or should investors take solace in what has been a steady improvement in the business fundamentals and management&#39;s experience in continuing this growth?</p><p>Using a 10-Step Fundamental Analysis detailed further here, I will examine 10 important components of Apple and how the company measures up on each metric, either assigning a 1/1, 0.5/1, or a 0/1 for each of the 10 components.</p><p><b>Incredible Revenue &amp; Income Growth Almost Defies the &#34;Law of Large Numbers&#34;</b><img src=\"https://static.tigerbbs.com/19dccc1a6b99630c7e38aed07199e02b\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Data by YCharts</p><p>Looking at trailing 12-month numbers as of March 31, 2022 for operating revenue over the past 5 years, Apple has increased revenue from $220.46B in 2017 to $386.02B in 2022. Revenue increase has come from a combination of extreme digital services growth, Mac outperformance in the market, the emergence of a &#34;wearables&#34; market with Apple Watch, and of course, iPhone strength and pricing power during the 5-year period. With consumers comfortable paying well over $1,000 for iPhone in 2022 as the center of their digital lifestyle, revenue has increased significantly as compared to the $699 starting price for an iPhone 8 in 2017. (Source)</p><p>This is an example of what Warren Buffett refers to as a &#34;moat&#34; or durable competitive advantage. As services grow and the ecosystem continues expanding and becoming more indispensable to the consumer, the &#34;stickiness&#34; factor of the iPhone means pricing power can continue to rise. Where upgrades every two years used to be entirely or partially subsidized by the wireless carriers just 5 years ago, now it is completely common practice to have monthly payments for the iPhone on your wireless bill monthly, as high as $50 per month!</p><p>Not only that, but here is the brilliance of this model - the carrier pays Apple and you pay the carrier so the cost on a monthly basis feels minimal - every $100 in pricing power the iPhone achieves is barely over $4 per month over 24 months for the consumer - and the consumer isn&#39;t even paying Apple directly most of the time. All of this along with the services ecosystem is a tremendous tailwind for the company. This revenue growth has grown at an 11.9% CAGR over the past 5 years, but taking into account the share buybacks creates an even more enhanced piece of data: per share revenue - which grew from $10.57/share in 2017 to $23.85/share in 2022 or a 17.7% CAGR.</p><p>This is the effect of share buybacks and how they can even further enhance growth for the investor. The compounding machine continues forward at rates that are incredible for a company generating well over a third of a trillion dollars in annual revenue.</p><table><tbody><tr><td><b>Revenue Growth: $220.46B -&gt; $386.02B over 5 years, 11.9% CAGR // 17.7% per share CAGR with buybacks</b></td></tr></tbody></table><p>Incredible revenue growth at this large of a scale over 5 years enhanced by share buybacks, and continuing to grow at over a 9% rate quarter over quarter even with a strong dollar.<b><i>Score: 1/1</i></b></p><p><img src=\"https://static.tigerbbs.com/7075033a3a59fc5462732332d483c4f7\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Although net income is not quite as insightful of a valuation metric compared to free cash flow, Apple&#39;s sensible and consistent investments, coupled with heavy research and development (versus property plant &amp; equipment) leads to a very similar net income or earnings figure to free cash flow - one that is growing at a rapid rate. Using trailing twelve-month figures as of March 31, 2022 - Apple&#39;s net income has more than doubled over the past 5 years from $45.73B to $101.94B representing a massive 17.4% CAGR. These figures are further enhanced as shown in the chart when seen through a per share basis to account for the buybacks: $2.19/share in earnings in 2017 growing to $6.30/share in earnings over 5 years or a 23.5% CAGR. (Note the chart doesn&#39;t accurately show the most up-to-date and ever decreasing share count).</p><p>These types of growth rates in a mature business are incredible and highlight the power of the internal compound with minimal capital expenditures required compared to operational free cash flow (but a high rate of return achieved on those expenditures to enhance the compounding). These rates of earnings compounded growth and per share growth even outpace those of AutoZone (AZO), which has experienced enormous industry tailwinds, minimal capital expenditures, and transformational share buybacks -- and all at about 50 times the scale! (Source) But...now is a good time for an investor to ask the obvious...can this continue or has this simply just been a very good run?</p><p>Looking to the future, there are two major questions regarding headwinds that Apple will face in terms of their financial performance: 1) Will the law of big numbers eventually catch up to Apple?; and 2) Just how much more innovation is left and how long can the brand stay dominant in an industry notorious for systemic shifts? There are obviously no easy or resolute answers to be had to either question, but what we do know at present should alleviate major concerns, though leave smaller ones behind of course.</p><p>First, there is no doubt that the law of big numbers has and will continue in larger scale to drag performance. 10% growth on $38B in revenue is $3.8B or roughly 4-6 weeks of iPad sales - but 10% growth on $386.02B is $38.6B or roughly the entire Mac market for an entire year. This requires continual disrupting, innovating, market share growth, and pricing power. Luckily, I see all of these things continuing to happen with Apple: one example is the Watch is becoming a health device with so many paths forward towards not only usability but also revenue growth through services.</p><p>Then there&#39;s the Arcade, the Apple TV service, the Fitness service, the iCloud storage service, and so much more. What was once a one-time buy now is a very strong and sticky ecosystem with continual opportunities for revenue as highlighted by the 20% revenue that is services at an incredible 72.6% gross margin.</p><p>Will Apple stay dominant? All signs point to yes. The iPhone at the center of the digital world of so many consumers, especially young consumers, means they have and will continue building the Apple ecosystem around them in growing numbers.</p><table><tbody><tr><td><b>Income Growth: $45.73B -&gt; $101.94B over 5 years, 17.4% CAGR // 23.5% per share CAGR - Incredible!</b></td></tr></tbody></table><p>Very consistent &amp; robust income growth over 5 years significantly enhanced on a per share basis by share buybacks and a growing emphasis on very high margin services like subscriptions, storage, content, and the toll booth that is the App Store. <b><i>Score: 1/1</i></b></p><p><b>Strong Balance Sheet And Debt Ratios Do Not Detract From The Stability</b><img src=\"https://static.tigerbbs.com/f61d2e4dd1b3d9116c338518ea3a97b8\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Due to the liquidity of current retail assets being sold and the amount of inventory required, retailers and grocers traditionally do not hold current assets greater than current liabilities. This is magnified by such a large and growing mix of products, including the transition to Apple silicon from Intel, amongst other changes. It is also rumored to be an especially full and busy season for introducing new products, meaning that current liabilities at present could be higher than assets due to the supply chain timing.</p><p>Based on this and the established industry norms, while liquidity in terms of the company&#39;s ability to pay off all current liabilities with current assets is definitely ideal, it is rarely expected in a retail setting such as this due to sell-through rates. I will note, however, that this is the first time in the 5-year chart that this situation has occurred, which does give me pause and concern should it become a long-term trend as this would represent a reversion from historical norms for Apple.</p><table><tbody><tr><td><b>Assets vs. Liabilities: $118.18B current assets vs.$127.51B current liabilities / negative, but retail</b></td></tr></tbody></table><p>While common for retailers, current assets do fall short of current liabilities, representing less than ideal liquidity. Due to the norms of the industry practice, this being the first time it has happened in over 5 years, and the likelihood of correction in the future, we will deduct half a point instead of a full point. <b><i>Score: 0.5/1</i></b></p><p><img src=\"https://static.tigerbbs.com/31f8905f21e0a4c844a2187cb8a2b8e5\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Apple management has kept long-term debt of just over 1x annual free cash flow, which represents an extremely conservative and reasonable figure for management to keep within. The debt expansion did concern me at first glance, just looking at the chart above, but management noted in the Q2-2022 conference call:</p><blockquote>Let me now turn to our cash position. As we continue to generate very strong cash flow, we ended the quarter with $193 billion in cash and marketable securities. We repaid $3.8 billion in maturing debt while increasing commercial paper by $2 billion, leaving us with total debt of $120 billion. As a result, net cash was $73 billion at the end of the quarter. (Source)</blockquote><p>While $120 billion of total debt seems startlingly high, it could all be paid off immediately with the cash and marketable securities and still have $73 billion left over, not even mentioning the roughly $28 billion in free cash flow quarterly! Simply put, debt is so reasonably constrained at Apple that it represents a non-issue.</p><table><tbody><tr><td><b>Long Term Debt: Slight Growth, But At Just Over 1x Annual Free Cash Flow, It is a Non-Issue</b></td></tr></tbody></table><p>Management is prudently using debt, interest is a small portion of cash flow, and overall is just over 1x Free Cash Flow. <b><i>Score: 1/1</i></b></p><p><b>The Compounding Secret: Incredible Return on Invested Capital &amp; Vigorous Share Buybacks</b><img src=\"https://static.tigerbbs.com/d9c1583d3a1994afb1a94fd08a91d877\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>After examining the long-term debt situation on the balance sheet, it appears an ideal time to examine management&#39;s returns from the capital invested back into the business. Return on invested capital is perhaps one of the most apparent indicators of a competent and innovative management team focused on shareholder return - how capital is invested and allocated back into the business. The average of S&amp;P 500 companies is approximately 7%. Looking at improving upon than average and towards companies deploying their money in a high quality manner, I look for businesses earning more than 10% return on invested capital.</p><p>Return on invested capital is a financial metric favored by Charlie Munger, stating<i>“It’s obvious that if a company generates high returns on capital and reinvests at high returns, it will do well.&#34; (Source)</i>With an average ROIC of 32% over the past 5 years, Apple management is doing a first-class job of using shareholder money in the most efficient and productive manner possible. Investors can feel confident whatever free cash flow is not being returned to shareholders in the form of buybacks and dividends is being very wisely used to internally compound growth within the company. In fact, current ROIC shows returns at 53.8% which is a massive surprise considering the capital being deployed by Apple, and the 10-year chart above represents just how consistently Apple has produced outsized returns.</p><p>To outpace the average S&amp;P in this regard by 4.5 times over 5 years and 7.5 times at present truly shows the magnitude by which Apple makes incredible investments within their company, generating substantial returns for shareholders. I consider this a major sign that services, with their high margins, are playing an outsized role in Apple&#39;s future growth as a business.</p><table><tbody><tr><td><b>Invested Capital &amp; Equity Returns: 32% ROIC avg 5 years &amp; currently 53.8% - Incredible Numbers</b></td></tr></tbody></table><p>ROIC is well above 10% at 32% average and 53.8% at present and continuing to grow quarter over quarter. Since shareholder equity is so strongly affected by aggressive buybacks, the return on equity percentage tops 150% at present. <b><i>Score: 1/1</i></b></p><p><img src=\"https://static.tigerbbs.com/b7fbd40abf39f361b8fec68fa5562112\" tg-width=\"635\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Apple has a share buyback program that is unrivaled in terms of sheer scale: in the last 12 months, nearly $86 billion of shares have been repurchased alone. Let&#39;s look at the chart above for a simple example: as shares (orange line) go down by 22.4% during 5 years, earnings per share (light blue line) go up by over 187% during the 5 years - so it is no surprise that the share price (purple line) also goes up, in this case, by some 275%.</p><p>The number of shares of the company and the way management either enhances shareholder value or dilutes it through buybacks or share issuances is a very meaningful metric for overall investor return. While some companies will buy back 1% of shares annually and have a very good buyback program at that, others will dilute and raise capital through issuing new shares.</p><p>With Apple, the magnitude of the buyback is truly impressive. In 5 years, the shares outstanding have decreased (taking into account the stock split) from 20,855,360,000 shares to 16,185,181,000 shares, representing a 22.4% decrease in shares and investors having a 5.23% CAGR just from buybacks alone! As demonstrated by Berkshire Hathaway&#39;s (BRK.A) (BRK.B) long-term buying back of shares, Apple management is showing that buybacks are one of the best ways to enhance shareholder return in a tax-efficient manner in the long term. The growth of the earnings power is magnified by the decrease in the share count, creating a compounding machine.</p><p><img src=\"https://static.tigerbbs.com/5cf260b00d80774c3c41bfabcefd94c6\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Take a look at one more chart just to really enhance the magnitude of this: from July 2012 to now, Apple decreased their share count by 38.5% - representing investors increasing their ownership stake in the company by 62%. It&#39;s good to be patient and let compounding do its job!</p><table><tbody><tr><td><b>Buybacks: 20.855B -&gt; 16.185B shares over 5 years, 22.4% decrease in shares - A+ and</b>At Huge Scale!</td></tr></tbody></table><p>Share count has decreased over past 5 years &amp; that is the gold standard. <b><i>Score: 1/1</i></b></p><p><b>Modestly Growing, Well-Covered Dividend Offers Little To Excite Investors</b><img src=\"https://static.tigerbbs.com/b06f4af0ed1745f8f7b58959f9ab3c1b\" tg-width=\"635\" tg-height=\"447\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Having increased the dividend at an 8% CAGR during the past 5 years from a split-adjusted $0.1575/share to the present $0.23/share annually, Apple represents just a 0.6% yield at the current valuation. However, because of the size of the business, this modest yield represents a total payout of $14.89B annually or 14% payout on total annual free cash flow. The growth has been modest when viewed against the power and size of the share buyback program, which is clearly Apple&#39;s preferred mechanism of shareholder return for the past 10 years.</p><p>Overall, this is a very minor footnote to the overall Apple investor story, albeit one that takes up nearly $15 billion in free cash flow resources annually. Based on present valuations as compared to past valuations, I would rather see even further enhanced share buybacks taking place - although having a dividend does create some semblance of cash flow for passive investors. At 911 million shares, Berkshire Hathaway&#39;s stake in Apple alone represents over $838 million annually in dividend payments.</p><table><tbody><tr><td><b>Dividend: $14.89B dividend annual, 0.60% yield / 14% payout of free cash flow / Modest Yet Covered</b></td></tr></tbody></table><p>With a well-covered, modest dividend, Apple offers stability and consistency for investors, though not even close to being the primary means of shareholder return compared to the buyback program. <b>Score: 1/1</b></p><p><b>Massive Free Cash Flow Generation and Growth... At A Fair Valuation</b><img src=\"https://static.tigerbbs.com/28bed29cf8f20a9b7c6fbc9bd649bdf8\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>From the standpoint of a company&#39;s operational strength and stability, free cash flow represents a very meaningful metric and the primary factor I look towards when creating a valuation metric and measuring long-term stability and growth. Apple again produces characteristically strong outperformance with regards to free cash flow over 5 years - going from $54.53B to $105.8B representing a 14.2% CAGR and a near double during the time period. Where the numbers really become affected greatly though, is on a per share basis thanks to the buybacks - approximately $2.61/share in free cash flow 5 years ago has turned into approximately $6.53/share in free cash flow now - a 2.5x increase representing a staggering 20% CAGR.</p><p>The fact that this is cash flow being measured in the hundreds of billions annually growing at these elevated rates makes the growth even more compelling. Like the other fundamental metrics of the company that we have reviewed, this is a remarkable display of management over-performance. Only Saudi Aramco (Source) is generating stronger cash flows at present ($30 billion per quarter) and that is on the back of an unbelievably hot and cyclical oil market.</p><p>Having this level of free cash flow allows for five primary uses of the capital: 1) share buybacks; 2) dividends; 3) acquisitions; 4) investment in itself; and 5) debt repayment. All of these, with the exception of some acquisitions, grow shareholder value over time when handled properly by management.</p><table><tbody><tr><td><b>Free Cash Flow: $54.53B -&gt; $105.8B in 5 yr (14.2% CAGR increase) or $2.61/sh -&gt; $6.53/sh (20% CAGR)</b></td></tr></tbody></table><p>Free cash growth over the past five years is consistent and compounding at very high rates for an incredible result that directly has benefited shareholders significantly. <b><i>Score: 1/1</i></b></p><p>Now for the component of valuation with regards to Apple: let&#39;s look at two methods: free cash flow, and earnings.</p><p><i>Apple, based on the $2.451 trillion market cap, is selling for 23.16 times free cash flow for the trailing twelve months - representing a 4.32% initial rate of return based on free cash flow with a 14.2% CAGR free cash flow growth over the past 5 years.</i></p><p><i>Apple, based on the $42.26B market cap, is selling for 24.04 times earnings for the trailing twelve months - representing a 4.16% initial rate of return based on earnings with a 17.4% CAGR earnings growth over the past 5 years.</i></p><p>By my standard metrics of looking for growth companies selling for under 20 times free cash flow, the valuation of Apple is stretched from both aspects noted above, though the double-digit growth in particular with earnings does give me pause. This recent pullback in valuation as shown in the chart above does give me confidence, but the chart also shows years very recently where Apple was selling at just 12 times free cash flow. Essentially the positive is: I am buying a compounding company with strong free cash flow growth and an incredible durable competitive advantage. The negative: I am only getting a fair value at present. It&#39;s the classic wonderful business at a fair price.</p><table><tbody><tr><td><b>Valuation: 23.16x FCF; 24x EPS; 4.16-4.32% implied initial return w/14% CAGR FCF &amp; 17% CAGR Earnings</b></td></tr></tbody></table><p>There is so much to like about Apple from a fundamental business standpoint: the dynamic growth, management&#39;s incredible capital allocation strategies, and the shareholder-friendly buyback policy - but the valuation comes at just a fair price. <b><i>Score: 0.5/1</i></b></p><p><b>Overall Apple Recap &amp; Valuation</b></p><p>Looking at all of these metrics and making assumptions based on the future is the key to creating assumptions on future returns and growth. We know that Tim Cook and Apple management are committed to returning incredible amounts of ever-growing capital back to shareholders primary through share buybacks and dividends, all while ensuring the business has everything it needs to grow effectively through research &amp; development, along with accretive acquisitions. Frankly, when management allocates capital at a 50%+ return on invested capital, you can trust the expertise in the marketplace to make and commit to the right decisions with regards to internal investment and compounding.</p><p>As services continue to grow rapidly at high margins, iPad supply chain restraints eventually subside, the Apple Watch grows into a stronger franchise, and iPhone pricing power is further stretched even higher, I believe a runway for Apple exists even without highly innovative products in the future. However, I do believe those &#34;X-Factors&#34; do exist and will continue to push the company forward.</p><p>Let&#39;s take a series of assumptions based on free cash flow over a five-year period:</p><blockquote>- 10% annual compounded free cash flow increases (well below the present 5-year growth of 14.2%)</blockquote><blockquote>- 5% annual share count reduction (exactly at the same pace as the present share count reduction rates over the past 5 years - management has shown this is their primary way of creating value and I don&#39;t see this changing)</blockquote><blockquote>- 20 times free cash flow terminal multiple (Below the 23.16x free cash flow valuation the business has right now)</blockquote><p><i>What does this give investors in terms of returns over the next 5 years?</i> <b><i>Roughly a 12.5% annual return for Apple based on the present share price.</i></b></p><p>How about for earnings?</p><blockquote>- 10% annual compounded earnings increases (well below the present 5-year growth of 17.4%)</blockquote><blockquote>- 5% annual share count reduction (exactly at the same pace as the present share count reduction rates over the past 5 years - management has shown this is their primary way of creating value and I don&#39;t see this changing)</blockquote><blockquote>- 20 times earnings multiple (Below the 24x earnings valuation the business has right now)</blockquote><p><i>What does this give investors in terms of returns over the next 5 years?</i> <b><i>Roughly a 12% annual return for Apple based on the present share price.</i></b></p><p>I strongly believe management will continue growth, continue buying back shares with vigor, and deliver internally compounding results to shareholders generously over the next five years. These numbers may look conservative at a glance - the earnings growth of 10% vs. the present 5-year growth of 17.4% for example - but the law of big numbers will begin to become a drag on performance over time and 10% of $102B is over $10 billion annually in increases every single year for 5 years.</p><p>This is not an easy task, but I do believe management can achieve it. The growth assumptions take into account a margin of safety since they are well below the present growth rates. In five years, Apple should be somewhere around $260 per share with these assumptions. If 12-12.5% annual return seems a fair reward for the risk you are taking on with Apple based on those assumptions, then this is the right timing. If those assumptions seem too bold, then you should wait for either more information in the form of Q3 earnings to be released at the end of July, or for a more attractive entry point.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: A Wonderful Business At A Fair Price, Assuming Growth Continues</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\">\nApple: A Wonderful Business At A Fair Price, Assuming Growth Continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-19 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4524057-apple-a-wonderful-business-at-a-fair-price-assuming-growth-continues?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A6><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWith an ever-growing services component representing 20% of Apple's revenue at a 72.6% gross margin, growth is coming in at high margin.$86 billion of Apple shares repurchased in the last 12 ...</p>\n\n<a href=\"https://seekingalpha.com/article/4524057-apple-a-wonderful-business-at-a-fair-price-assuming-growth-continues?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A6\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4524057-apple-a-wonderful-business-at-a-fair-price-assuming-growth-continues?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141191666","content_text":"SummaryWith an ever-growing services component representing 20% of Apple's revenue at a 72.6% gross margin, growth is coming in at high margin.$86 billion of Apple shares repurchased in the last 12 months, coupled with a $15 billion dividend, makes up the lion's share of a record $105.8 billion of free cash flow.Valuation is at a fair middle ground of 23.16x free cash flow - a fair price for a wonderful business securing good, not great returns over 5 years.Fundamental 10-Step Analysis Of Apple Health & ValuationIt's been a wild ride of a year for Apple Inc. (NASDAQ:AAPL) - just twelve months ago the company was generating $90B in free cash flow & $76B in earnings, then fluctuated between $130 and $180 per share from the exuberance of the market to the decline of all things tech, and now has settled at...almost precisely where it was on a share price basis one year ago.But wait...with a nearly 5% decline in shares outstanding the market cap actually sits slightly lower now than one year ago. And now Apple is generating nearly $106B in free cash flow and almost $102B in earnings. Clearly, the valuation has dropped while the fundamental performance has continued progressing forward at rates almost unheard of for a $2.45T (with a T) market cap company. As you will see based on the fundamentals, this is clearly a wonderful business that has continued to outperform its competitors and almost every other business with its reach, moat, and financial performance. The analysis shows this with ease, but with each step, we must ask and assess - can this continue?Let's take a look at the current share price's justification by valuation metrics and the fundamentals over the past 5 years.Data by YChartsUsing the $2.451T market cap as of July 18, 2022, Apple is the world's most valuable company and has grown over 5 years at compounded annual growth rates that astound: 12% revenue CAGR, 17.5% earnings CAGR, and over 14% free cash flow CAGR - all while decreasing share count at 5% compounded annually. The margins continue expanding as the services component of the business continues growing, now making up 20% of total revenue at 72.6% gross margin - the second largest category of revenue Apple breaks out.Data by YChartsJust look at this return from 10 years showing the price growth of $10,000. Apple, through high return on invested capital, earnings growth, and recent share buybacks, was able to more than double the S&P 500 return. But it wasn't always the case - the outperformance has occurred almost exclusively since the end of 2019 as the valuation metric went from 10-12x earnings to nearly 30 in the most exuberant parts of late 2021. All of this sets the stage for some introspection from an investor's standpoint: clearly, the company operated in the doldrums compared to the S&P 500 return for many years, can this pattern return? Or should investors take solace in what has been a steady improvement in the business fundamentals and management's experience in continuing this growth?Using a 10-Step Fundamental Analysis detailed further here, I will examine 10 important components of Apple and how the company measures up on each metric, either assigning a 1/1, 0.5/1, or a 0/1 for each of the 10 components.Incredible Revenue & Income Growth Almost Defies the \"Law of Large Numbers\"Data by YChartsLooking at trailing 12-month numbers as of March 31, 2022 for operating revenue over the past 5 years, Apple has increased revenue from $220.46B in 2017 to $386.02B in 2022. Revenue increase has come from a combination of extreme digital services growth, Mac outperformance in the market, the emergence of a \"wearables\" market with Apple Watch, and of course, iPhone strength and pricing power during the 5-year period. With consumers comfortable paying well over $1,000 for iPhone in 2022 as the center of their digital lifestyle, revenue has increased significantly as compared to the $699 starting price for an iPhone 8 in 2017. (Source)This is an example of what Warren Buffett refers to as a \"moat\" or durable competitive advantage. As services grow and the ecosystem continues expanding and becoming more indispensable to the consumer, the \"stickiness\" factor of the iPhone means pricing power can continue to rise. Where upgrades every two years used to be entirely or partially subsidized by the wireless carriers just 5 years ago, now it is completely common practice to have monthly payments for the iPhone on your wireless bill monthly, as high as $50 per month!Not only that, but here is the brilliance of this model - the carrier pays Apple and you pay the carrier so the cost on a monthly basis feels minimal - every $100 in pricing power the iPhone achieves is barely over $4 per month over 24 months for the consumer - and the consumer isn't even paying Apple directly most of the time. All of this along with the services ecosystem is a tremendous tailwind for the company. This revenue growth has grown at an 11.9% CAGR over the past 5 years, but taking into account the share buybacks creates an even more enhanced piece of data: per share revenue - which grew from $10.57/share in 2017 to $23.85/share in 2022 or a 17.7% CAGR.This is the effect of share buybacks and how they can even further enhance growth for the investor. The compounding machine continues forward at rates that are incredible for a company generating well over a third of a trillion dollars in annual revenue.Revenue Growth: $220.46B -> $386.02B over 5 years, 11.9% CAGR // 17.7% per share CAGR with buybacksIncredible revenue growth at this large of a scale over 5 years enhanced by share buybacks, and continuing to grow at over a 9% rate quarter over quarter even with a strong dollar.Score: 1/1Data by YChartsAlthough net income is not quite as insightful of a valuation metric compared to free cash flow, Apple's sensible and consistent investments, coupled with heavy research and development (versus property plant & equipment) leads to a very similar net income or earnings figure to free cash flow - one that is growing at a rapid rate. Using trailing twelve-month figures as of March 31, 2022 - Apple's net income has more than doubled over the past 5 years from $45.73B to $101.94B representing a massive 17.4% CAGR. These figures are further enhanced as shown in the chart when seen through a per share basis to account for the buybacks: $2.19/share in earnings in 2017 growing to $6.30/share in earnings over 5 years or a 23.5% CAGR. (Note the chart doesn't accurately show the most up-to-date and ever decreasing share count).These types of growth rates in a mature business are incredible and highlight the power of the internal compound with minimal capital expenditures required compared to operational free cash flow (but a high rate of return achieved on those expenditures to enhance the compounding). These rates of earnings compounded growth and per share growth even outpace those of AutoZone (AZO), which has experienced enormous industry tailwinds, minimal capital expenditures, and transformational share buybacks -- and all at about 50 times the scale! (Source) But...now is a good time for an investor to ask the obvious...can this continue or has this simply just been a very good run?Looking to the future, there are two major questions regarding headwinds that Apple will face in terms of their financial performance: 1) Will the law of big numbers eventually catch up to Apple?; and 2) Just how much more innovation is left and how long can the brand stay dominant in an industry notorious for systemic shifts? There are obviously no easy or resolute answers to be had to either question, but what we do know at present should alleviate major concerns, though leave smaller ones behind of course.First, there is no doubt that the law of big numbers has and will continue in larger scale to drag performance. 10% growth on $38B in revenue is $3.8B or roughly 4-6 weeks of iPad sales - but 10% growth on $386.02B is $38.6B or roughly the entire Mac market for an entire year. This requires continual disrupting, innovating, market share growth, and pricing power. Luckily, I see all of these things continuing to happen with Apple: one example is the Watch is becoming a health device with so many paths forward towards not only usability but also revenue growth through services.Then there's the Arcade, the Apple TV service, the Fitness service, the iCloud storage service, and so much more. What was once a one-time buy now is a very strong and sticky ecosystem with continual opportunities for revenue as highlighted by the 20% revenue that is services at an incredible 72.6% gross margin.Will Apple stay dominant? All signs point to yes. The iPhone at the center of the digital world of so many consumers, especially young consumers, means they have and will continue building the Apple ecosystem around them in growing numbers.Income Growth: $45.73B -> $101.94B over 5 years, 17.4% CAGR // 23.5% per share CAGR - Incredible!Very consistent & robust income growth over 5 years significantly enhanced on a per share basis by share buybacks and a growing emphasis on very high margin services like subscriptions, storage, content, and the toll booth that is the App Store. Score: 1/1Strong Balance Sheet And Debt Ratios Do Not Detract From The StabilityData by YChartsDue to the liquidity of current retail assets being sold and the amount of inventory required, retailers and grocers traditionally do not hold current assets greater than current liabilities. This is magnified by such a large and growing mix of products, including the transition to Apple silicon from Intel, amongst other changes. It is also rumored to be an especially full and busy season for introducing new products, meaning that current liabilities at present could be higher than assets due to the supply chain timing.Based on this and the established industry norms, while liquidity in terms of the company's ability to pay off all current liabilities with current assets is definitely ideal, it is rarely expected in a retail setting such as this due to sell-through rates. I will note, however, that this is the first time in the 5-year chart that this situation has occurred, which does give me pause and concern should it become a long-term trend as this would represent a reversion from historical norms for Apple.Assets vs. Liabilities: $118.18B current assets vs.$127.51B current liabilities / negative, but retailWhile common for retailers, current assets do fall short of current liabilities, representing less than ideal liquidity. Due to the norms of the industry practice, this being the first time it has happened in over 5 years, and the likelihood of correction in the future, we will deduct half a point instead of a full point. Score: 0.5/1Data by YChartsApple management has kept long-term debt of just over 1x annual free cash flow, which represents an extremely conservative and reasonable figure for management to keep within. The debt expansion did concern me at first glance, just looking at the chart above, but management noted in the Q2-2022 conference call:Let me now turn to our cash position. As we continue to generate very strong cash flow, we ended the quarter with $193 billion in cash and marketable securities. We repaid $3.8 billion in maturing debt while increasing commercial paper by $2 billion, leaving us with total debt of $120 billion. As a result, net cash was $73 billion at the end of the quarter. (Source)While $120 billion of total debt seems startlingly high, it could all be paid off immediately with the cash and marketable securities and still have $73 billion left over, not even mentioning the roughly $28 billion in free cash flow quarterly! Simply put, debt is so reasonably constrained at Apple that it represents a non-issue.Long Term Debt: Slight Growth, But At Just Over 1x Annual Free Cash Flow, It is a Non-IssueManagement is prudently using debt, interest is a small portion of cash flow, and overall is just over 1x Free Cash Flow. Score: 1/1The Compounding Secret: Incredible Return on Invested Capital & Vigorous Share BuybacksData by YChartsAfter examining the long-term debt situation on the balance sheet, it appears an ideal time to examine management's returns from the capital invested back into the business. Return on invested capital is perhaps one of the most apparent indicators of a competent and innovative management team focused on shareholder return - how capital is invested and allocated back into the business. The average of S&P 500 companies is approximately 7%. Looking at improving upon than average and towards companies deploying their money in a high quality manner, I look for businesses earning more than 10% return on invested capital.Return on invested capital is a financial metric favored by Charlie Munger, stating“It’s obvious that if a company generates high returns on capital and reinvests at high returns, it will do well.\" (Source)With an average ROIC of 32% over the past 5 years, Apple management is doing a first-class job of using shareholder money in the most efficient and productive manner possible. Investors can feel confident whatever free cash flow is not being returned to shareholders in the form of buybacks and dividends is being very wisely used to internally compound growth within the company. In fact, current ROIC shows returns at 53.8% which is a massive surprise considering the capital being deployed by Apple, and the 10-year chart above represents just how consistently Apple has produced outsized returns.To outpace the average S&P in this regard by 4.5 times over 5 years and 7.5 times at present truly shows the magnitude by which Apple makes incredible investments within their company, generating substantial returns for shareholders. I consider this a major sign that services, with their high margins, are playing an outsized role in Apple's future growth as a business.Invested Capital & Equity Returns: 32% ROIC avg 5 years & currently 53.8% - Incredible NumbersROIC is well above 10% at 32% average and 53.8% at present and continuing to grow quarter over quarter. Since shareholder equity is so strongly affected by aggressive buybacks, the return on equity percentage tops 150% at present. Score: 1/1Data by YChartsApple has a share buyback program that is unrivaled in terms of sheer scale: in the last 12 months, nearly $86 billion of shares have been repurchased alone. Let's look at the chart above for a simple example: as shares (orange line) go down by 22.4% during 5 years, earnings per share (light blue line) go up by over 187% during the 5 years - so it is no surprise that the share price (purple line) also goes up, in this case, by some 275%.The number of shares of the company and the way management either enhances shareholder value or dilutes it through buybacks or share issuances is a very meaningful metric for overall investor return. While some companies will buy back 1% of shares annually and have a very good buyback program at that, others will dilute and raise capital through issuing new shares.With Apple, the magnitude of the buyback is truly impressive. In 5 years, the shares outstanding have decreased (taking into account the stock split) from 20,855,360,000 shares to 16,185,181,000 shares, representing a 22.4% decrease in shares and investors having a 5.23% CAGR just from buybacks alone! As demonstrated by Berkshire Hathaway's (BRK.A) (BRK.B) long-term buying back of shares, Apple management is showing that buybacks are one of the best ways to enhance shareholder return in a tax-efficient manner in the long term. The growth of the earnings power is magnified by the decrease in the share count, creating a compounding machine.Data by YChartsTake a look at one more chart just to really enhance the magnitude of this: from July 2012 to now, Apple decreased their share count by 38.5% - representing investors increasing their ownership stake in the company by 62%. It's good to be patient and let compounding do its job!Buybacks: 20.855B -> 16.185B shares over 5 years, 22.4% decrease in shares - A+ andAt Huge Scale!Share count has decreased over past 5 years & that is the gold standard. Score: 1/1Modestly Growing, Well-Covered Dividend Offers Little To Excite InvestorsData by YChartsHaving increased the dividend at an 8% CAGR during the past 5 years from a split-adjusted $0.1575/share to the present $0.23/share annually, Apple represents just a 0.6% yield at the current valuation. However, because of the size of the business, this modest yield represents a total payout of $14.89B annually or 14% payout on total annual free cash flow. The growth has been modest when viewed against the power and size of the share buyback program, which is clearly Apple's preferred mechanism of shareholder return for the past 10 years.Overall, this is a very minor footnote to the overall Apple investor story, albeit one that takes up nearly $15 billion in free cash flow resources annually. Based on present valuations as compared to past valuations, I would rather see even further enhanced share buybacks taking place - although having a dividend does create some semblance of cash flow for passive investors. At 911 million shares, Berkshire Hathaway's stake in Apple alone represents over $838 million annually in dividend payments.Dividend: $14.89B dividend annual, 0.60% yield / 14% payout of free cash flow / Modest Yet CoveredWith a well-covered, modest dividend, Apple offers stability and consistency for investors, though not even close to being the primary means of shareholder return compared to the buyback program. Score: 1/1Massive Free Cash Flow Generation and Growth... At A Fair ValuationData by YChartsFrom the standpoint of a company's operational strength and stability, free cash flow represents a very meaningful metric and the primary factor I look towards when creating a valuation metric and measuring long-term stability and growth. Apple again produces characteristically strong outperformance with regards to free cash flow over 5 years - going from $54.53B to $105.8B representing a 14.2% CAGR and a near double during the time period. Where the numbers really become affected greatly though, is on a per share basis thanks to the buybacks - approximately $2.61/share in free cash flow 5 years ago has turned into approximately $6.53/share in free cash flow now - a 2.5x increase representing a staggering 20% CAGR.The fact that this is cash flow being measured in the hundreds of billions annually growing at these elevated rates makes the growth even more compelling. Like the other fundamental metrics of the company that we have reviewed, this is a remarkable display of management over-performance. Only Saudi Aramco (Source) is generating stronger cash flows at present ($30 billion per quarter) and that is on the back of an unbelievably hot and cyclical oil market.Having this level of free cash flow allows for five primary uses of the capital: 1) share buybacks; 2) dividends; 3) acquisitions; 4) investment in itself; and 5) debt repayment. All of these, with the exception of some acquisitions, grow shareholder value over time when handled properly by management.Free Cash Flow: $54.53B -> $105.8B in 5 yr (14.2% CAGR increase) or $2.61/sh -> $6.53/sh (20% CAGR)Free cash growth over the past five years is consistent and compounding at very high rates for an incredible result that directly has benefited shareholders significantly. Score: 1/1Now for the component of valuation with regards to Apple: let's look at two methods: free cash flow, and earnings.Apple, based on the $2.451 trillion market cap, is selling for 23.16 times free cash flow for the trailing twelve months - representing a 4.32% initial rate of return based on free cash flow with a 14.2% CAGR free cash flow growth over the past 5 years.Apple, based on the $42.26B market cap, is selling for 24.04 times earnings for the trailing twelve months - representing a 4.16% initial rate of return based on earnings with a 17.4% CAGR earnings growth over the past 5 years.By my standard metrics of looking for growth companies selling for under 20 times free cash flow, the valuation of Apple is stretched from both aspects noted above, though the double-digit growth in particular with earnings does give me pause. This recent pullback in valuation as shown in the chart above does give me confidence, but the chart also shows years very recently where Apple was selling at just 12 times free cash flow. Essentially the positive is: I am buying a compounding company with strong free cash flow growth and an incredible durable competitive advantage. The negative: I am only getting a fair value at present. It's the classic wonderful business at a fair price.Valuation: 23.16x FCF; 24x EPS; 4.16-4.32% implied initial return w/14% CAGR FCF & 17% CAGR EarningsThere is so much to like about Apple from a fundamental business standpoint: the dynamic growth, management's incredible capital allocation strategies, and the shareholder-friendly buyback policy - but the valuation comes at just a fair price. Score: 0.5/1Overall Apple Recap & ValuationLooking at all of these metrics and making assumptions based on the future is the key to creating assumptions on future returns and growth. We know that Tim Cook and Apple management are committed to returning incredible amounts of ever-growing capital back to shareholders primary through share buybacks and dividends, all while ensuring the business has everything it needs to grow effectively through research & development, along with accretive acquisitions. Frankly, when management allocates capital at a 50%+ return on invested capital, you can trust the expertise in the marketplace to make and commit to the right decisions with regards to internal investment and compounding.As services continue to grow rapidly at high margins, iPad supply chain restraints eventually subside, the Apple Watch grows into a stronger franchise, and iPhone pricing power is further stretched even higher, I believe a runway for Apple exists even without highly innovative products in the future. However, I do believe those \"X-Factors\" do exist and will continue to push the company forward.Let's take a series of assumptions based on free cash flow over a five-year period:- 10% annual compounded free cash flow increases (well below the present 5-year growth of 14.2%)- 5% annual share count reduction (exactly at the same pace as the present share count reduction rates over the past 5 years - management has shown this is their primary way of creating value and I don't see this changing)- 20 times free cash flow terminal multiple (Below the 23.16x free cash flow valuation the business has right now)What does this give investors in terms of returns over the next 5 years? Roughly a 12.5% annual return for Apple based on the present share price.How about for earnings?- 10% annual compounded earnings increases (well below the present 5-year growth of 17.4%)- 5% annual share count reduction (exactly at the same pace as the present share count reduction rates over the past 5 years - management has shown this is their primary way of creating value and I don't see this changing)- 20 times earnings multiple (Below the 24x earnings valuation the business has right now)What does this give investors in terms of returns over the next 5 years? Roughly a 12% annual return for Apple based on the present share price.I strongly believe management will continue growth, continue buying back shares with vigor, and deliver internally compounding results to shareholders generously over the next five years. These numbers may look conservative at a glance - the earnings growth of 10% vs. the present 5-year growth of 17.4% for example - but the law of big numbers will begin to become a drag on performance over time and 10% of $102B is over $10 billion annually in increases every single year for 5 years.This is not an easy task, but I do believe management can achieve it. The growth assumptions take into account a margin of safety since they are well below the present growth rates. In five years, Apple should be somewhere around $260 per share with these assumptions. If 12-12.5% annual return seems a fair reward for the risk you are taking on with Apple based on those assumptions, then this is the right timing. If those assumptions seem too bold, then you should wait for either more information in the form of Q3 earnings to be released at the end of July, or for a more attractive entry point.","news_type":1},"isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9079286736,"gmtCreate":1657204568525,"gmtModify":1676535969067,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"It's a good company, we shouldn't aim to triple in short-term though","listText":"It's a good company, we shouldn't aim to triple in short-term though","text":"It's a good company, we shouldn't aim to triple in short-term though","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079286736","repostId":"2249459423","repostType":2,"repost":{"id":"2249459423","kind":"news","pubTimestamp":1657208203,"share":"https://ttm.financial/m/news/2249459423?lang=&edition=fundamental","pubTime":"2022-07-07 23:36","market":"us","language":"en","title":"Is Nvidia Really A Bargain Or Is There More Pain Ahead?","url":"https://stock-news.laohu8.com/highlight/detail?id=2249459423","media":"Seeking Alpha","summary":"SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by le","content":"<html><head></head><body><p>Summary</p><ul><li>Nvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.</li><li>Although this dynamic is counterintuitive to Nvidia&#39;s improving business fundamentals, there is a solid reason for it.</li><li>Unfortunately for shareholders who bought at the highs, the company&#39;s share price might not recover to its 2021 highs anytime soon.</li></ul><p>About ten months ago I took a deep dive into <a href=\"https://laohu8.com/S/NVDA\">NVIDIA&#39;s</a> share price and laid out my thesis on why investors should be less concerned about the company&#39;s business fundamentals and laser focused on its momentum exposure.</p><p>Although thismight sound counterintuitive, since sooner or later fundamentals matter, Nvidia is still at the mercy of factors that have little to do with the company&#39;s actual performance. That is why, since September of last year, the company lost nearly 35% of its value, while at the same time the S&amp;P 500 fell by slightly less than 15%.</p><p><img src=\"https://static.tigerbbs.com/fdb65cce970f34d2aeacdfd2b31ac71d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Such a large drop relative to the broader market was disappointing even when adjusting for Nvidia&#39;s high beta of 1.6. Contrary to this abysmal share price performance, however, the company continued to grow its quarterly sales numbers at a nearly 50% rate.</p><p><img src=\"https://static.tigerbbs.com/39e15815bfc09727371b477bf89f4a94\" tg-width=\"640\" tg-height=\"264\" referrerpolicy=\"no-referrer\"/>Not only that, but both gross and operating margins continued to improve over the past few quarters since I covered the company.</p><p><img src=\"https://static.tigerbbs.com/89db1405a7e4c9d299b65404553554a0\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/>A somehow slowing topline growth rate could be partially to blame, however, Nvidia&#39;s revenue forward growth rate is not very different now from what it was back in September of 2021.</p><p><img src=\"https://static.tigerbbs.com/603bf1b08117128bd80fd3deae02c63f\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"/>As a matter of fact, AMD (AMD) forward revenue growth rate is much higher now than it was back then and yet the company&#39;s share price performed remarkably similar to that of Nvidia, thus also significantly underperforming the S&amp;P 500 even on a risk adjusted basis.</p><p><img src=\"https://static.tigerbbs.com/feae396374468950c5e366af1e28a850\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><h3>So what happened?</h3><p>To put it briefly, the risk that I highlighted in September materialized. Although I will not go into the details again in this article, I will highlight that momentum exposure of Nvidia combined with the monetary tightening (or at least the expectations of it) were the main factors for the company&#39;s poor performance during the past 10-month period.</p><p>I also explained how the whole process works in my thought piece called &#39;The Cloud Space In Numbers: What Matters The Most&#39;, where I did a case study based on another high-growth sector.</p><p>Monetary tightening has a profound impact on high duration stocks and unfortunately, Nvidia is still one of the most heavily exposed companies to rising interest rates in the semiconductor space.</p><p><img src=\"https://static.tigerbbs.com/06f73d8185b657e7c3045f0fdd9e39e1\" tg-width=\"640\" tg-height=\"290\" referrerpolicy=\"no-referrer\"/>Even though the relationship between forward revenue growth rate and forward P/E ratios has weakened significantly since September of last year, the flattening of the slope of the trend line above was what caused the companies at the top right-hand corner to perform so poorly even as their business fundamentals improved.</p><p>One of the reasons why Nvidia is still so far above the trend line above, is that in addition to its industry-leading growth rate, it also has one of the highest margins within the broader semiconductors peer group. The premium pricing of Nvidia&#39;s GPUs also sets it apart from AMD, which is valued at much lower multiples.</p><h3>Is Nvidia stock a bargain?</h3><p>Nvidia is arguably one of the highest quality semiconductor companies, with enormous growth opportunities in data centers and the automotive sector. However, it now trades at more than twice the industry average forward P/E ratio.</p><p><img src=\"https://static.tigerbbs.com/7856a9f7e7b2dace82df33f3ec1bfc4e\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/>Moreover, recent developments in the GPU market, resulted in never before seen premiums for Nvidia&#39;s products on the back of robust demand from consumers, data centers and cryptocurrency miners. All that propelled margins to levels far above its historical results and the sector median estimates.</p><p><img src=\"https://static.tigerbbs.com/4ed63ee078dc5e43574939faba9caa43\" tg-width=\"494\" tg-height=\"188\" referrerpolicy=\"no-referrer\"/>This, however, does not mean that Nvidia is suddenly a bargain, simply because a high growth and highly profitable company is trading at forward Non-GAAP P/E ratio of below 30x.</p><p>The main reason why the absolute value of its forward P/E ratio could be misleading is that the semiconductor industry is highly cyclical. Therefore, during cycle peaks, P/E ratios tend to be low due to high profits and share prices reflecting the risk of slower future sales growth.</p><p>Although, the recent push towards digitalization has somehow dispelled the risk of semiconductors being cyclical, the industry remains closely related to the business cycle (see below).</p><p><img src=\"https://static.tigerbbs.com/0dd24b3cbc9dfbd04a89a8c6cdb27818\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"/>More importantly for Nvidia&#39;s share price, however, is the fact that it still exhibits high correlation with the MTUM less VLUE index - an index that takes a long position in iShares Edge MSCI USA Momentum Factor ETF (MTUM) and a short position in iShares Edge MSCI USA Value Factor ETF (VLUE).</p><p><img src=\"https://static.tigerbbs.com/e8d575869822d2149a84ac8caea4fcf5\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/>As a result, Nvidia&#39;s share price will continue to be highly sensitive to the momentum trade and more specifically to the overall liquidity in the equity market. Having said that, should the current monetary tightening cycle continue, Nvidia will likely continue to underperform even in the case of the company&#39;s fundamentals remaining strong.</p><p>On the contrary, should the Federal Reserve reverse course and embark on yet another monetary loosening journey, then Nvidia could potentially return to its 2021&#39;s highs. Although such a scenario should not be ruled out, it remains highly uncertain. Moreover, if it does not occur, then it will take many years before Nvidia returns to its all-time highs, all that provided that the company retains its industry leadership.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Nvidia Really A Bargain Or Is There More Pain Ahead?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Nvidia Really A Bargain Or Is There More Pain Ahead?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-07 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4521864-is-nvidia-bargain-or-is-there-pain-ahead><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.Although this dynamic is counterintuitive to Nvidia's improving ...</p>\n\n<a href=\"https://seekingalpha.com/article/4521864-is-nvidia-bargain-or-is-there-pain-ahead\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4521864-is-nvidia-bargain-or-is-there-pain-ahead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2249459423","content_text":"SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.Although this dynamic is counterintuitive to Nvidia's improving business fundamentals, there is a solid reason for it.Unfortunately for shareholders who bought at the highs, the company's share price might not recover to its 2021 highs anytime soon.About ten months ago I took a deep dive into NVIDIA's share price and laid out my thesis on why investors should be less concerned about the company's business fundamentals and laser focused on its momentum exposure.Although thismight sound counterintuitive, since sooner or later fundamentals matter, Nvidia is still at the mercy of factors that have little to do with the company's actual performance. That is why, since September of last year, the company lost nearly 35% of its value, while at the same time the S&P 500 fell by slightly less than 15%.Such a large drop relative to the broader market was disappointing even when adjusting for Nvidia's high beta of 1.6. Contrary to this abysmal share price performance, however, the company continued to grow its quarterly sales numbers at a nearly 50% rate.Not only that, but both gross and operating margins continued to improve over the past few quarters since I covered the company.A somehow slowing topline growth rate could be partially to blame, however, Nvidia's revenue forward growth rate is not very different now from what it was back in September of 2021.As a matter of fact, AMD (AMD) forward revenue growth rate is much higher now than it was back then and yet the company's share price performed remarkably similar to that of Nvidia, thus also significantly underperforming the S&P 500 even on a risk adjusted basis.So what happened?To put it briefly, the risk that I highlighted in September materialized. Although I will not go into the details again in this article, I will highlight that momentum exposure of Nvidia combined with the monetary tightening (or at least the expectations of it) were the main factors for the company's poor performance during the past 10-month period.I also explained how the whole process works in my thought piece called 'The Cloud Space In Numbers: What Matters The Most', where I did a case study based on another high-growth sector.Monetary tightening has a profound impact on high duration stocks and unfortunately, Nvidia is still one of the most heavily exposed companies to rising interest rates in the semiconductor space.Even though the relationship between forward revenue growth rate and forward P/E ratios has weakened significantly since September of last year, the flattening of the slope of the trend line above was what caused the companies at the top right-hand corner to perform so poorly even as their business fundamentals improved.One of the reasons why Nvidia is still so far above the trend line above, is that in addition to its industry-leading growth rate, it also has one of the highest margins within the broader semiconductors peer group. The premium pricing of Nvidia's GPUs also sets it apart from AMD, which is valued at much lower multiples.Is Nvidia stock a bargain?Nvidia is arguably one of the highest quality semiconductor companies, with enormous growth opportunities in data centers and the automotive sector. However, it now trades at more than twice the industry average forward P/E ratio.Moreover, recent developments in the GPU market, resulted in never before seen premiums for Nvidia's products on the back of robust demand from consumers, data centers and cryptocurrency miners. All that propelled margins to levels far above its historical results and the sector median estimates.This, however, does not mean that Nvidia is suddenly a bargain, simply because a high growth and highly profitable company is trading at forward Non-GAAP P/E ratio of below 30x.The main reason why the absolute value of its forward P/E ratio could be misleading is that the semiconductor industry is highly cyclical. Therefore, during cycle peaks, P/E ratios tend to be low due to high profits and share prices reflecting the risk of slower future sales growth.Although, the recent push towards digitalization has somehow dispelled the risk of semiconductors being cyclical, the industry remains closely related to the business cycle (see below).More importantly for Nvidia's share price, however, is the fact that it still exhibits high correlation with the MTUM less VLUE index - an index that takes a long position in iShares Edge MSCI USA Momentum Factor ETF (MTUM) and a short position in iShares Edge MSCI USA Value Factor ETF (VLUE).As a result, Nvidia's share price will continue to be highly sensitive to the momentum trade and more specifically to the overall liquidity in the equity market. Having said that, should the current monetary tightening cycle continue, Nvidia will likely continue to underperform even in the case of the company's fundamentals remaining strong.On the contrary, should the Federal Reserve reverse course and embark on yet another monetary loosening journey, then Nvidia could potentially return to its 2021's highs. Although such a scenario should not be ruled out, it remains highly uncertain. Moreover, if it does not occur, then it will take many years before Nvidia returns to its all-time highs, all that provided that the company retains its industry leadership.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050971220,"gmtCreate":1654129151160,"gmtModify":1676535398967,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"A make or break move&nbsp;[Cool]&nbsp;","listText":"A make or break move&nbsp;[Cool]&nbsp;","text":"A make or break move [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050971220","repostId":"1188301384","repostType":2,"repost":{"id":"1188301384","kind":"news","pubTimestamp":1654128666,"share":"https://ttm.financial/m/news/1188301384?lang=&edition=fundamental","pubTime":"2022-06-02 08:11","market":"us","language":"en","title":"A Tesla Diner Can Help Supercharge TSLA Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1188301384","media":"InvestorPlace","summary":"Tesla(NASDAQ:TSLA) is expanding into a new industry: food service and hospitality.The electric vehic","content":"<html><head></head><body><ul><li><b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) is expanding into a new industry: food service and hospitality.</li><li>The electric vehicle (EV) leader is now going to offer drivers a place to eat while their Tesla charges.</li><li>This could set the company apart from its competitors by cultivating Tesla&#39;s brand as a lifestyle.</li></ul><p><b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) is down today, but it has an exciting announcement. According to <i>Electrek,</i> the company recently filed with the city of Los Angeles to construct an all-night diner near a charging station at 7001 Santa Monica Boulevard.</p><p>When the 9,300-square-foot facility opens, Tesla drivers will have the option to dine and relax while their vehicles charge. TSLA stock needs a catalyst like this to make up the ground it has lost recently.</p><p><b>Inside the Tesla Diner</b></p><p>The concept of a Tesla diner is actually several years in the making. In January 2018, CEO Elon Musk tweeted about plans to do exactly this. Most readers likely dismissed it as a joke, but Musk has proven he intends to make good on his promise.</p><p>Nothing would symbolize the meeting of old and new America like a Tesla diner. The company is known for futuristic products and designs, but all-night diners are a symbol of a bygone era.</p><p>For many, diners with servers on roller skates and rock and roll music on the jukebox call to mind images of the 1950s. Many Tesla drivers weren’t alive when these types of establishments were commonplace along Route 66. But nostalgia is a powerful tool, and Musk has figured out a way to use it to boost TSLA stock.</p><p>Since his tweet, Musk has scaled his vision even further. As<i>Electrek</i>notes, plans for the Tesla diner involve a drive-in theater and rooftop bar. “The theater-style seating will look out on a parking lot with 29 supercharger stalls and 34 total spots – the last five will have level two chargers for lower-speed charging,” the outlet notes. “The parking lot will have two screens visible to the rooftop area and to the cars in the parking lot.”</p><p><b>The Road Ahead for TSLA Stock</b></p><p>One of the primary complaints from electric vehicle (EV) owners is how long their cars take to charge. But if Tesla begins building diners next to its charging stations, drivers can relax and enjoy a meal while their vehicle is powered up. This would compel more drivers to purchase Tesla EVs, pushing up TSLA stock in the process.</p><p>Musk is clearly committed to developing the image that Tesla is not a company, but a lifestyle. Giving drivers a place to relax and socialize with other Tesla owners will help cultivate it. This news hasn’t been enough to elevate shares today, but if Tesla’s building plans are greenlit, it could give its shares the jolt they need to rise again.</p><p>TSLA stock is up this week, but it has plunged 18% over the past month. Experts see it as a risky bet due to Musk’s unpredictable nature. Announcements like this could generate the type of momentum that TSLA stock needs to pull back onto the road and stay at the front of the EV race.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Tesla Diner Can Help Supercharge TSLA Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Tesla Diner Can Help Supercharge TSLA Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-02 08:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/a-tesla-diner-can-help-supercharge-tsla-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla(NASDAQ:TSLA) is expanding into a new industry: food service and hospitality.The electric vehicle (EV) leader is now going to offer drivers a place to eat while their Tesla charges.This could set...</p>\n\n<a href=\"https://investorplace.com/2022/06/a-tesla-diner-can-help-supercharge-tsla-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2022/06/a-tesla-diner-can-help-supercharge-tsla-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188301384","content_text":"Tesla(NASDAQ:TSLA) is expanding into a new industry: food service and hospitality.The electric vehicle (EV) leader is now going to offer drivers a place to eat while their Tesla charges.This could set the company apart from its competitors by cultivating Tesla's brand as a lifestyle.Tesla(NASDAQ:TSLA) is down today, but it has an exciting announcement. According to Electrek, the company recently filed with the city of Los Angeles to construct an all-night diner near a charging station at 7001 Santa Monica Boulevard.When the 9,300-square-foot facility opens, Tesla drivers will have the option to dine and relax while their vehicles charge. TSLA stock needs a catalyst like this to make up the ground it has lost recently.Inside the Tesla DinerThe concept of a Tesla diner is actually several years in the making. In January 2018, CEO Elon Musk tweeted about plans to do exactly this. Most readers likely dismissed it as a joke, but Musk has proven he intends to make good on his promise.Nothing would symbolize the meeting of old and new America like a Tesla diner. The company is known for futuristic products and designs, but all-night diners are a symbol of a bygone era.For many, diners with servers on roller skates and rock and roll music on the jukebox call to mind images of the 1950s. Many Tesla drivers weren’t alive when these types of establishments were commonplace along Route 66. But nostalgia is a powerful tool, and Musk has figured out a way to use it to boost TSLA stock.Since his tweet, Musk has scaled his vision even further. AsElectreknotes, plans for the Tesla diner involve a drive-in theater and rooftop bar. “The theater-style seating will look out on a parking lot with 29 supercharger stalls and 34 total spots – the last five will have level two chargers for lower-speed charging,” the outlet notes. “The parking lot will have two screens visible to the rooftop area and to the cars in the parking lot.”The Road Ahead for TSLA StockOne of the primary complaints from electric vehicle (EV) owners is how long their cars take to charge. But if Tesla begins building diners next to its charging stations, drivers can relax and enjoy a meal while their vehicle is powered up. This would compel more drivers to purchase Tesla EVs, pushing up TSLA stock in the process.Musk is clearly committed to developing the image that Tesla is not a company, but a lifestyle. Giving drivers a place to relax and socialize with other Tesla owners will help cultivate it. This news hasn’t been enough to elevate shares today, but if Tesla’s building plans are greenlit, it could give its shares the jolt they need to rise again.TSLA stock is up this week, but it has plunged 18% over the past month. Experts see it as a risky bet due to Musk’s unpredictable nature. Announcements like this could generate the type of momentum that TSLA stock needs to pull back onto the road and stay at the front of the EV race.","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4092138473478360","authorId":"4092138473478360","name":"Beli","avatar":"https://static.tigerbbs.com/12287da3d64d63968897c06e82fb422b","crmLevel":6,"crmLevelSwitch":1,"idStr":"4092138473478360","authorIdStr":"4092138473478360"},"content":"Agree! Innovative ideas. No of diners depends on number of charging stations. Not sure how that will prove prifitable.","text":"Agree! Innovative ideas. No of diners depends on number of charging stations. Not sure how that will prove prifitable.","html":"Agree! Innovative ideas. No of diners depends on number of charging stations. Not sure how that will prove prifitable."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022565683,"gmtCreate":1653550281042,"gmtModify":1676535302844,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Its still gonna be one of the most hype product Lau ch[Cool]&nbsp;","listText":"Its still gonna be one of the most hype product Lau ch[Cool]&nbsp;","text":"Its still gonna be one of the most hype product Lau ch[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022565683","repostId":"2238579132","repostType":2,"repost":{"id":"2238579132","kind":"highlight","pubTimestamp":1653547807,"share":"https://ttm.financial/m/news/2238579132?lang=&edition=fundamental","pubTime":"2022-05-26 14:50","market":"us","language":"en","title":"Apple to Keep iPhone Production Flat as Market Grows Tougher","url":"https://stock-news.laohu8.com/highlight/detail?id=2238579132","media":"Bloomberg","summary":"Apple Inc. is planning to keep iPhone production roughly flat in 2022, a conservative stance as the ","content":"<html><head></head><body><p>Apple Inc. is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.</p><p>The company is asking suppliers to assemble roughly 220 million iPhones, about the same as last year, according to people familiar with its projections, who asked not to be named as they’re not public. Market forecasts have hovered closer to 240 million units, driven by an expected major update to the iPhone in the fall. But the mobile industry has gotten off to a difficult start to the year and production estimates are down across the board.</p><p>The worst inflation in decades, a war in Ukraine and supply-chain turmoil all threaten to weigh on sales in 2022. Strategy Analytics has predicted that overall smartphone shipments will contract as much as 2% in 2022, and TrendForce has twice downgraded its full-year production forecast in recent weeks. IDC and Bloomberg Intelligence analysts both forecast about 240 million iPhones for this year earlier in the period.</p><p>The Cupertino, California-based company declined to comment on the outlook, which could change depending on the economy and supply constraints in the coming months. Apple doesn’t disclose its production targets and stopped disclosing how many iPhones it sells in 2019.</p><p>Apple already warned that supply problems will impact sales by $4 billion to $8 billion in the current quarter, largely because Covid-19 lockdowns are roiling production lines in China. And the whole tech industry is bracing for a slowdown in consumer spending as rising fuel and materials prices push up the cost of everyday essentials.</p><p>The overall smartphone market got off to a rough start to the year, with shipments dropping 11% in the first quarter, the worst fall since the pandemic began two years ago. Xiaomi Corp. -- the world’s third-biggest smartphone maker, behind Apple and Samsung Electronics Co. -- posted its first-ever quarterly revenue decline this month.</p><p>Apple is betting on resilient demand for its devices due to its comparatively wealthier customer base and the strength of its software and services ecosystem fueling sales of hardware, according to the people. It’s also seeing less competition now that fierce rival Huawei Technologies Co. has been shut out of markets, they added. Huawei, once the No. 1 phone maker by shipments, has seen revenue fall for six consecutive quarters.</p><p>Moreover, Apple hopes to entice consumers with an iPhone that breaks more ground than last year’s model. The upcoming iPhone 14 handsets, due in the fall, are expected to offer new screen sizes and more novel features like satellite-based text messaging. The iPhone 13, released last September, was considered a minor update.</p><p>The company also just released an updated version of its lower-end iPhone SE that includes 5G, fueling an upgrade cycle for more budget-minded consumers.</p><p>Though the Chinese lockdowns are poised to take a major toll on Apple this quarter, the company expects to manage the turbulence, one of the people said. Foxconn Technology Group, Apple’s main iPhone manufacturer, has been able to keep most facilities running. That includes its largest groups of factories in the central Chinese city of Zhengzhou.</p><p>Demand for smartphones typically ebbs in the second quarter, which may mean the impact of the lockdowns won’t be quite so severe. Suppliers will try to make up for any shortfall in production later in the year -- when they hire more workers for the peak-demand holiday season -- so long as China fully reopens and restores transportation lines.</p><p>“This year will be a tale of two halves,” Strategy Analytics senior director Linda Sui said in a note last month. “Geopolitical issues, component shortages, price inflation, exchange rate volatility, and Covid disruption will continue to weigh on the smartphone market during the first half of 2022, before the situation eases in the second half.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple to Keep iPhone Production Flat as Market Grows Tougher</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\">\nApple to Keep iPhone Production Flat as Market Grows Tougher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-26 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-keep-iphone-production-flat-060723243.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc. is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.The company is asking suppliers to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-keep-iphone-production-flat-060723243.html\">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://finance.yahoo.com/news/apple-keep-iphone-production-flat-060723243.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238579132","content_text":"Apple Inc. is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.The company is asking suppliers to assemble roughly 220 million iPhones, about the same as last year, according to people familiar with its projections, who asked not to be named as they’re not public. Market forecasts have hovered closer to 240 million units, driven by an expected major update to the iPhone in the fall. But the mobile industry has gotten off to a difficult start to the year and production estimates are down across the board.The worst inflation in decades, a war in Ukraine and supply-chain turmoil all threaten to weigh on sales in 2022. Strategy Analytics has predicted that overall smartphone shipments will contract as much as 2% in 2022, and TrendForce has twice downgraded its full-year production forecast in recent weeks. IDC and Bloomberg Intelligence analysts both forecast about 240 million iPhones for this year earlier in the period.The Cupertino, California-based company declined to comment on the outlook, which could change depending on the economy and supply constraints in the coming months. Apple doesn’t disclose its production targets and stopped disclosing how many iPhones it sells in 2019.Apple already warned that supply problems will impact sales by $4 billion to $8 billion in the current quarter, largely because Covid-19 lockdowns are roiling production lines in China. And the whole tech industry is bracing for a slowdown in consumer spending as rising fuel and materials prices push up the cost of everyday essentials.The overall smartphone market got off to a rough start to the year, with shipments dropping 11% in the first quarter, the worst fall since the pandemic began two years ago. Xiaomi Corp. -- the world’s third-biggest smartphone maker, behind Apple and Samsung Electronics Co. -- posted its first-ever quarterly revenue decline this month.Apple is betting on resilient demand for its devices due to its comparatively wealthier customer base and the strength of its software and services ecosystem fueling sales of hardware, according to the people. It’s also seeing less competition now that fierce rival Huawei Technologies Co. has been shut out of markets, they added. Huawei, once the No. 1 phone maker by shipments, has seen revenue fall for six consecutive quarters.Moreover, Apple hopes to entice consumers with an iPhone that breaks more ground than last year’s model. The upcoming iPhone 14 handsets, due in the fall, are expected to offer new screen sizes and more novel features like satellite-based text messaging. The iPhone 13, released last September, was considered a minor update.The company also just released an updated version of its lower-end iPhone SE that includes 5G, fueling an upgrade cycle for more budget-minded consumers.Though the Chinese lockdowns are poised to take a major toll on Apple this quarter, the company expects to manage the turbulence, one of the people said. Foxconn Technology Group, Apple’s main iPhone manufacturer, has been able to keep most facilities running. That includes its largest groups of factories in the central Chinese city of Zhengzhou.Demand for smartphones typically ebbs in the second quarter, which may mean the impact of the lockdowns won’t be quite so severe. Suppliers will try to make up for any shortfall in production later in the year -- when they hire more workers for the peak-demand holiday season -- so long as China fully reopens and restores transportation lines.“This year will be a tale of two halves,” Strategy Analytics senior director Linda Sui said in a note last month. “Geopolitical issues, component shortages, price inflation, exchange rate volatility, and Covid disruption will continue to weigh on the smartphone market during the first half of 2022, before the situation eases in the second half.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9028795367,"gmtCreate":1653274060659,"gmtModify":1676535252159,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Woah to ramp up production maybe?","listText":"Woah to ramp up production maybe?","text":"Woah to ramp up production maybe?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9028795367","repostId":"1126049730","repostType":2,"repost":{"id":"1126049730","kind":"news","pubTimestamp":1653273553,"share":"https://ttm.financial/m/news/1126049730?lang=&edition=fundamental","pubTime":"2022-05-23 10:39","market":"us","language":"en","title":"Tesla Said To Have Introduced A Second Shift At This Gigafactory","url":"https://stock-news.laohu8.com/highlight/detail?id=1126049730","media":"Benzinga","summary":"Tesla Inc has introduced a second shift at its Giga Berlin factory last Friday, electric vehicle new","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> has introduced a second shift at its <b>Giga Berlin</b> factory last Friday, electric vehicle news website Tesmanian.com reported, citing people familiar with the matter.</p><p>What Happened: The second shift at the recently opened factory will help lift production amid the growing demand for Tesla vehicles.</p><p>Giga Berlin opened on March 22 and is Tesla’s first big factory in Europe. Production at the factory has ramped up slower than expected due to “disruption in the supply of components from China”, although the situation is beginning to improve, the report said.</p><p>The components for the production of Tesla&#39;s Model Y in Germany have begun to arrive as Chinese enterprises emerge from a month-long coronavirus lockdown.</p><p>Tesla did not immediately respond to Benzinga’s request for comment.</p><p>Why It Matters: CEO Elon Musk in April warned that Tesla’s second-quarter production would be slightly lower than the first with the possibility that it could likely “pull out a rabbit of its hat” and ensure higher output.</p><p>The world’s richest man said Tesla&#39;s production would be substantially higher in the third and the fourth quarters.</p><p>Tesla’s two new factories — Giga Berlin and Giga Texas — are expected to offset production disruptions this quarter.</p><p>Price Action: Tesla shares closed 6.4% lower at $663.9 on Friday.</p></body></html>","source":"lsy1606299360108","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 Said To Have Introduced A Second Shift At This Gigafactory</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Said To Have Introduced A Second Shift At This Gigafactory\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-23 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/22/05/27340475/teslas-giga-berlin-said-to-have-introduced-a-second-shift-from-friday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc has introduced a second shift at its Giga Berlin factory last Friday, electric vehicle news website Tesmanian.com reported, citing people familiar with the matter.What Happened: The second ...</p>\n\n<a href=\"https://www.benzinga.com/news/22/05/27340475/teslas-giga-berlin-said-to-have-introduced-a-second-shift-from-friday\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/news/22/05/27340475/teslas-giga-berlin-said-to-have-introduced-a-second-shift-from-friday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126049730","content_text":"Tesla Inc has introduced a second shift at its Giga Berlin factory last Friday, electric vehicle news website Tesmanian.com reported, citing people familiar with the matter.What Happened: The second shift at the recently opened factory will help lift production amid the growing demand for Tesla vehicles.Giga Berlin opened on March 22 and is Tesla’s first big factory in Europe. Production at the factory has ramped up slower than expected due to “disruption in the supply of components from China”, although the situation is beginning to improve, the report said.The components for the production of Tesla's Model Y in Germany have begun to arrive as Chinese enterprises emerge from a month-long coronavirus lockdown.Tesla did not immediately respond to Benzinga’s request for comment.Why It Matters: CEO Elon Musk in April warned that Tesla’s second-quarter production would be slightly lower than the first with the possibility that it could likely “pull out a rabbit of its hat” and ensure higher output.The world’s richest man said Tesla's production would be substantially higher in the third and the fourth quarters.Tesla’s two new factories — Giga Berlin and Giga Texas — are expected to offset production disruptions this quarter.Price Action: Tesla shares closed 6.4% lower at $663.9 on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9068383047,"gmtCreate":1651718436585,"gmtModify":1676534956244,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Never know what's gonna happened[Grin]&nbsp;","listText":"Never know what's gonna happened[Grin]&nbsp;","text":"Never know what's gonna happened[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068383047","repostId":"1140473336","repostType":2,"repost":{"id":"1140473336","kind":"news","pubTimestamp":1651707653,"share":"https://ttm.financial/m/news/1140473336?lang=&edition=fundamental","pubTime":"2022-05-05 07:40","market":"us","language":"en","title":"Tech Stocks AAPL, AMZN, FB, GOOGL Look to Rebound After FOMC News","url":"https://stock-news.laohu8.com/highlight/detail?id=1140473336","media":"InvestorPlace","summary":"What can investors expect from today’s FOMC meeting?","content":"<html><head></head><body><p>This afternoon, the biggest news on Wall Street is that the Federal Reserve has raised interest rates again. The day leading up to this verdict has been difficult for some investors. Specifically, today began with many tech stocks falling, bracing for bad news from the Federal Open Markets Committee (FOMC). However, the tides have since changed; many of tech’s biggest names rebounded into market close.</p><p>Of course, the sector has been under a lot of scrutiny from experts lately. When <b>Netflix</b>(NASDAQ:<b><u>NFLX</u></b>) reported disappointing earnings recently, it sparked discussion of whether the FAANG era was coming to an end. For anyone unaware, FAANG is an acronym referring to five of the biggest tech stocks: <b>Meta Platforms</b>(NASDAQ:<b><u>FB</u></b>),<b>Amazon</b> (NASDAQ:<b><u>AMZN</u></b>), <b>Apple</b>(NASDAQ:<b><u>AAPL</u></b>), Netflix and <b>Alphabet</b> (NASDAQ:<b><u>GOOGL</u></b>, NASDAQ:<b><u>GOOG</u></b>).</p><p>This morning, AAPL, AMZN, FB and GOOGL all began the day by dipping. This was expected, given the bearish energy swirling around high-growth stocks. Close to mid-day, however, they each picked up positive momentum. AMZN stock closed the day up a little over 1%. Meanwhile, Apple and Alphabet both closed up by more than 4% while Meta closed up more than 5%.</p><p>Let’s take a closer look at what today’s news means for markets.</p><p>What’s Happening with Tech Stocks?</p><p>What can investors expect from today’s FOMC meeting? Simply put, interest rates have been raised by half a percentage point. As<i>Barron’s</i>reports, this signals the start of a “double-barreled push by the central bank to rein in inflation and cool the economy.”</p><p>Of course, the more appropriate question might be about what this means for tech stocks. When interest rates were raised earlier in the year, experts speculated that it could constrain high-growth names, citing the tech sector as an example. In late January 2022,<i>CNBC</i> reported the following:</p><blockquote>“Strategists expect the adjustment to higher yields to result in stock market volatility and lower valuations for growth and tech stocks.”</blockquote><p>If that happens again, it will certainly shake investor confidence in tech stocks. For the moment, though, it seems the sector is determined to not let that happen. These names have rallied in the face of an important news announcement that could have easily sent shares down.</p><p>Looking forward, more interest rate hikes are likely coming. Per<i>Barron’s</i>, the FOMC “anticipates ongoing increases in the target range will be appropriate.”</p><p>What It Means</p><p>While the future is uncertain, further rate hikes remain likely. Wall Street hates uncertainty, but it can’t hate what it saw from tech stocks today.</p><p>Yes, rate hikes are coming. But that doesn’t mean they will automatically push high-growth sectors down. The last time hike fears were high,<i>InvestorPlace</i> analyst Luke Lango reminded investors that the phenomenon can actually lead to significant opportunities for high-growth picks.</p><p>If today’s performance is any indication, investors may be about to see something similar play out.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Stocks AAPL, AMZN, FB, GOOGL Look to Rebound After FOMC News</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\">\nTech Stocks AAPL, AMZN, FB, GOOGL Look to Rebound After FOMC News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-05 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/tech-stocks-aapl-amzn-fb-googl-look-to-rebound-after-fomc-news/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This afternoon, the biggest news on Wall Street is that the Federal Reserve has raised interest rates again. The day leading up to this verdict has been difficult for some investors. Specifically, ...</p>\n\n<a href=\"https://investorplace.com/2022/05/tech-stocks-aapl-amzn-fb-googl-look-to-rebound-after-fomc-news/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://investorplace.com/2022/05/tech-stocks-aapl-amzn-fb-googl-look-to-rebound-after-fomc-news/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140473336","content_text":"This afternoon, the biggest news on Wall Street is that the Federal Reserve has raised interest rates again. The day leading up to this verdict has been difficult for some investors. Specifically, today began with many tech stocks falling, bracing for bad news from the Federal Open Markets Committee (FOMC). However, the tides have since changed; many of tech’s biggest names rebounded into market close.Of course, the sector has been under a lot of scrutiny from experts lately. When Netflix(NASDAQ:NFLX) reported disappointing earnings recently, it sparked discussion of whether the FAANG era was coming to an end. For anyone unaware, FAANG is an acronym referring to five of the biggest tech stocks: Meta Platforms(NASDAQ:FB),Amazon (NASDAQ:AMZN), Apple(NASDAQ:AAPL), Netflix and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG).This morning, AAPL, AMZN, FB and GOOGL all began the day by dipping. This was expected, given the bearish energy swirling around high-growth stocks. Close to mid-day, however, they each picked up positive momentum. AMZN stock closed the day up a little over 1%. Meanwhile, Apple and Alphabet both closed up by more than 4% while Meta closed up more than 5%.Let’s take a closer look at what today’s news means for markets.What’s Happening with Tech Stocks?What can investors expect from today’s FOMC meeting? Simply put, interest rates have been raised by half a percentage point. AsBarron’sreports, this signals the start of a “double-barreled push by the central bank to rein in inflation and cool the economy.”Of course, the more appropriate question might be about what this means for tech stocks. When interest rates were raised earlier in the year, experts speculated that it could constrain high-growth names, citing the tech sector as an example. In late January 2022,CNBC reported the following:“Strategists expect the adjustment to higher yields to result in stock market volatility and lower valuations for growth and tech stocks.”If that happens again, it will certainly shake investor confidence in tech stocks. For the moment, though, it seems the sector is determined to not let that happen. These names have rallied in the face of an important news announcement that could have easily sent shares down.Looking forward, more interest rate hikes are likely coming. PerBarron’s, the FOMC “anticipates ongoing increases in the target range will be appropriate.”What It MeansWhile the future is uncertain, further rate hikes remain likely. Wall Street hates uncertainty, but it can’t hate what it saw from tech stocks today.Yes, rate hikes are coming. But that doesn’t mean they will automatically push high-growth sectors down. The last time hike fears were high,InvestorPlace analyst Luke Lango reminded investors that the phenomenon can actually lead to significant opportunities for high-growth picks.If today’s performance is any indication, investors may be about to see something similar play out.","news_type":1},"isVote":1,"tweetType":1,"viewCount":46,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9016902243,"gmtCreate":1649116774614,"gmtModify":1676534453021,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Exciting move! What would happened&nbsp;[Cool]&nbsp;","listText":"Exciting move! What would happened&nbsp;[Cool]&nbsp;","text":"Exciting move! What would happened [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016902243","repostId":"1149899681","repostType":4,"repost":{"id":"1149899681","kind":"news","pubTimestamp":1649115714,"share":"https://ttm.financial/m/news/1149899681?lang=&edition=fundamental","pubTime":"2022-04-05 07:41","market":"us","language":"en","title":"Elon Musk Just Bought Twitter (TWTR). Here Are 5 Investors Betting with Him.","url":"https://stock-news.laohu8.com/highlight/detail?id=1149899681","media":"InvestorPlace","summary":"Today, shares ofTwitter(NYSE:TWTR) stock are climbing afterTesla(NASDAQ:TSLA) CEO Elon Musk disclosed a 73.5 million share position, or a9.2% stake. As of last Friday’s close, this position is worth a","content":"<html><head></head><body><p>Today, shares of <b>Twitter</b>(NYSE:<b><u>TWTR</u></b>) stock are climbing after <b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) CEO Elon Musk disclosed a 73.5 million share position, or a9.2% stake. As of last Friday’s close, this position is worth around $2.9 billion. It also makes Musk the largest shareholder of TWTR stock.</p><p>Of course, this purchase may not come as a surprise to some investors. Musk vaguely teased his involvement last month, tweeting out a poll that asked if Twitter adheres to free speech. In a reply to the poll, Musk stated, “The consequences of this poll will be important. Please vote carefully.”</p><p>In addition to this, as the platform’s 10th most-followed user, Elon Musk is extremely active on the platform. The executive tweets daily. Some of his tweets have even gotten him into hot water with the U.S. Securities and Exchange Commission (SEC).</p><p>That said, investors should note that Elon Musk filed a 13G form to disclose his stake rather than a 13D form. This is important because a 13D form indicates an “activist” stake. Based on past tweets, many believed Musk had wanted an active role in revamping Twitter operations. However, Wedbush analyst Dan Ives suggests Musk’s recent passive stake is “just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter.”</p><p>Twitter has undergone several major developments in recent months, headlined by the addition of new CEO Parag Agrawal. Now with Elon Musk on board as the largest shareholder, TWTR stock investors should watch for any significant changes.</p><p>5 Investors Betting Big on TWTR Stock</p><p>Tracking institutional ownership is important because large funds can provide liquidity and support for stocks. According to WhaleWisdom, which tracks all 13F filers,956 funds own the stock as of the fourth quarter. This was an increase of 24 funds from the prior quarter. Furthermore, 202 funds reported initiating a new position in Q4, while 156 funds completely liquidated their position. However, the institutional put/call ratio remains high at 1.21, an increase of 16% from Q3.</p><p>With that in mind, here are the five largest shareholders of TWTR stock.</p><ol><li>Elon Musk: 73.5 million shares or 9.17% ownership.</li><li><b>Vanguard Group</b>: 70.4 million shares or 8.78% ownership.</li><li><b>Morgan Stanley</b>(NYSE:<b><u>MS</u></b>): 70.2 million shares or 8.76% ownership.</li><li><b>BlackRock</b>(NYSE:<b><u>BLK</u></b>): 51.8 million shares or 6.48% ownership.</li><li><b>State Street</b>: 36.4 million shares or 4.54% ownership.</li></ol></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Just Bought Twitter (TWTR). Here Are 5 Investors Betting with Him.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Just Bought Twitter (TWTR). Here Are 5 Investors Betting with Him.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-05 07:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/04/elon-musk-just-bought-twitter-twtr-stock-here-are-5-investors-betting-with-him/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today, shares of Twitter(NYSE:TWTR) stock are climbing after Tesla(NASDAQ:TSLA) CEO Elon Musk disclosed a 73.5 million share position, or a9.2% stake. As of last Friday’s close, this position is worth...</p>\n\n<a href=\"https://investorplace.com/2022/04/elon-musk-just-bought-twitter-twtr-stock-here-are-5-investors-betting-with-him/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://investorplace.com/2022/04/elon-musk-just-bought-twitter-twtr-stock-here-are-5-investors-betting-with-him/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149899681","content_text":"Today, shares of Twitter(NYSE:TWTR) stock are climbing after Tesla(NASDAQ:TSLA) CEO Elon Musk disclosed a 73.5 million share position, or a9.2% stake. As of last Friday’s close, this position is worth around $2.9 billion. It also makes Musk the largest shareholder of TWTR stock.Of course, this purchase may not come as a surprise to some investors. Musk vaguely teased his involvement last month, tweeting out a poll that asked if Twitter adheres to free speech. In a reply to the poll, Musk stated, “The consequences of this poll will be important. Please vote carefully.”In addition to this, as the platform’s 10th most-followed user, Elon Musk is extremely active on the platform. The executive tweets daily. Some of his tweets have even gotten him into hot water with the U.S. Securities and Exchange Commission (SEC).That said, investors should note that Elon Musk filed a 13G form to disclose his stake rather than a 13D form. This is important because a 13D form indicates an “activist” stake. Based on past tweets, many believed Musk had wanted an active role in revamping Twitter operations. However, Wedbush analyst Dan Ives suggests Musk’s recent passive stake is “just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter.”Twitter has undergone several major developments in recent months, headlined by the addition of new CEO Parag Agrawal. Now with Elon Musk on board as the largest shareholder, TWTR stock investors should watch for any significant changes.5 Investors Betting Big on TWTR StockTracking institutional ownership is important because large funds can provide liquidity and support for stocks. According to WhaleWisdom, which tracks all 13F filers,956 funds own the stock as of the fourth quarter. This was an increase of 24 funds from the prior quarter. Furthermore, 202 funds reported initiating a new position in Q4, while 156 funds completely liquidated their position. However, the institutional put/call ratio remains high at 1.21, an increase of 16% from Q3.With that in mind, here are the five largest shareholders of TWTR stock.Elon Musk: 73.5 million shares or 9.17% ownership.Vanguard Group: 70.4 million shares or 8.78% ownership.Morgan Stanley(NYSE:MS): 70.2 million shares or 8.76% ownership.BlackRock(NYSE:BLK): 51.8 million shares or 6.48% ownership.State Street: 36.4 million shares or 4.54% ownership.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010117229,"gmtCreate":1648284337864,"gmtModify":1676534325479,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Go go Nvidia!","listText":"Go go Nvidia!","text":"Go go Nvidia!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010117229","repostId":"1111363520","repostType":4,"repost":{"id":"1111363520","kind":"news","pubTimestamp":1648252161,"share":"https://ttm.financial/m/news/1111363520?lang=&edition=fundamental","pubTime":"2022-03-26 07:49","market":"us","language":"en","title":"What Are MANGO Stocks? Why MANGO Stocks Could Outperform？","url":"https://stock-news.laohu8.com/highlight/detail?id=1111363520","media":"investorplace","summary":"MANGO stocks, a new term investors are adding to their vocabularies today, are a group of semiconduc","content":"<html><head></head><body><p>MANGO stocks, a new term investors are adding to their vocabularies today, are a group of semiconductor stocks. This new acronym, a riff on the Nasdaq Composite’s top-performing FAANG tech stocks, is generating interest. So what are the MANGO stocks and what else do you need to know?</p><p>Like the fruit, MANGO stocks have provided sweet returns for investors recently. Bank of America analyst Vivek Arya suggests this group of chip stocks — Marvell Technology (NASDAQ:MRVL), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Analog Devices (NASDAQ:ADI), Nvidia (NASDAQ:NVDA), GlobalFoundries (NASDAQ:GFS) and ON Semiconductor (NASDAQ:ON) — could be leaders in the future economy. Notably, this analyst believes that these chip stocks can outperform despite various market concerns right now.</p><p>Finding a group of stocks that is able to weather this current environment is what many investors are after. Indeed, there is an impressive amount of uncertainty weighing on Wall Street right now. Investors are concerned with inflation, interest rate hikes, geopolitical tensions and supply chain bottlenecks.</p><p>The semiconductor sector is exposed to these issues. However, there are reasons why analysts are growing increasingly bullish on these stocks.</p><p>Let’s dive into what investors may want to consider with chip stocks right now.</p><h2>Why MANGO Stocks Could Outperform</h2><p>Despite the impacts of the pandemic and supply chain woes on chip makers, the Bank of America analyst believes there is reason to be bullish on MANGO stocks. This is because demand has been increasing for chips for some time, and the underlying technology is improving. Assuming these tailwinds remain in place, MANGO stocks could be key winners.</p><p>Additionally, Arya sees a few other things to like about chip stocks. Many of the names in the MANGO acronym have ties to the cloud and artificial intelligence. Others are in the electric vehicle space.</p><p>Most investors can wrap their heads around this rather easy-to-understand thesis. While semiconductor stocks have struggled this year, the for this sector remain bright. Thus, MANGO stocks are the new tech grouping investors may want to keep on their radar right now.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Are MANGO Stocks? Why MANGO Stocks Could Outperform？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Are MANGO Stocks? Why MANGO Stocks Could Outperform？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-26 07:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/what-are-mango-stocks/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MANGO stocks, a new term investors are adding to their vocabularies today, are a group of semiconductor stocks. This new acronym, a riff on the Nasdaq Composite’s top-performing FAANG tech stocks, is ...</p>\n\n<a href=\"https://investorplace.com/2022/03/what-are-mango-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRVL":"迈威尔科技","GFS":"GLOBALFOUNDRIES Inc.","ON":"安森美半导体","NVDA":"英伟达","AVGO":"博通","AMD":"美国超微公司","ADI":"亚德诺"},"source_url":"https://investorplace.com/2022/03/what-are-mango-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111363520","content_text":"MANGO stocks, a new term investors are adding to their vocabularies today, are a group of semiconductor stocks. This new acronym, a riff on the Nasdaq Composite’s top-performing FAANG tech stocks, is generating interest. So what are the MANGO stocks and what else do you need to know?Like the fruit, MANGO stocks have provided sweet returns for investors recently. Bank of America analyst Vivek Arya suggests this group of chip stocks — Marvell Technology (NASDAQ:MRVL), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Analog Devices (NASDAQ:ADI), Nvidia (NASDAQ:NVDA), GlobalFoundries (NASDAQ:GFS) and ON Semiconductor (NASDAQ:ON) — could be leaders in the future economy. Notably, this analyst believes that these chip stocks can outperform despite various market concerns right now.Finding a group of stocks that is able to weather this current environment is what many investors are after. Indeed, there is an impressive amount of uncertainty weighing on Wall Street right now. Investors are concerned with inflation, interest rate hikes, geopolitical tensions and supply chain bottlenecks.The semiconductor sector is exposed to these issues. However, there are reasons why analysts are growing increasingly bullish on these stocks.Let’s dive into what investors may want to consider with chip stocks right now.Why MANGO Stocks Could OutperformDespite the impacts of the pandemic and supply chain woes on chip makers, the Bank of America analyst believes there is reason to be bullish on MANGO stocks. This is because demand has been increasing for chips for some time, and the underlying technology is improving. Assuming these tailwinds remain in place, MANGO stocks could be key winners.Additionally, Arya sees a few other things to like about chip stocks. Many of the names in the MANGO acronym have ties to the cloud and artificial intelligence. Others are in the electric vehicle space.Most investors can wrap their heads around this rather easy-to-understand thesis. While semiconductor stocks have struggled this year, the for this sector remain bright. Thus, MANGO stocks are the new tech grouping investors may want to keep on their radar right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033262278,"gmtCreate":1646288240106,"gmtModify":1676534113429,"author":{"id":"3573295814526662","authorId":"3573295814526662","name":"STtee","avatar":"https://static.tigerbbs.com/2f8b6d27a66090fbddbc0ceedceb166a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573295814526662","authorIdStr":"3573295814526662"},"themes":[],"htmlText":"Keep it up Apple! Stable investment!","listText":"Keep it up Apple! Stable investment!","text":"Keep it up Apple! Stable investment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033262278","repostId":"1190725364","repostType":2,"repost":{"id":"1190725364","kind":"news","pubTimestamp":1646287142,"share":"https://ttm.financial/m/news/1190725364?lang=&edition=fundamental","pubTime":"2022-03-03 13:59","market":"us","language":"en","title":"Apple Stock: Resilient To Turbulence In 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1190725364","media":"TheStreet","summary":"So far in 2022, Apple stock has done better than the S&P 500, Nasdaq, growth stocks and tech stocks.","content":"<html><head></head><body><p>So far in 2022, Apple stock has done better than the S&amp;P 500, Nasdaq, growth stocks and tech stocks. Is the outperformance justified?</p><p>The US stock market (<b>SPY</b>) continues to bounce around on the back of macroeconomic and geopolitical turbulence. If high inflation, choked supply chains and rising interest rates were not enough, the Russia-Ukraine conflict escalated fast and has no end in sight.</p><p>Meanwhile, Apple stock (<b>AAPL</b>) has been faring better. Even though it is considered a growth and higher-beta stock, investors seem to be finding safety in this stock.</p><p><b>AAPL: an outperformer</b></p><p>The chart below is telling. So far in 2022, AAPL has dipped a modest 8%, as of the writing of this sentence. This is better than the S&amp;P 500’s and the Nasdaq’s (<b>QQQ</b>) 10% and 14% declines during the same period, respectively.</p><p>But Apple’s outperformance can not be easily explained by a sector and factor analysis alone. For example, growth stocks (<b>VUG</b>)  have shed 15% of their market value in 2022. Meanwhile, tech stock (<b>XLK</b>)  prices have sunk 13%. Apple stock has outperformed them all.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b8f1a178fb1564fef58bbcfa378b905\" tg-width=\"1200\" tg-height=\"633\" width=\"100%\" height=\"auto\"/><span>Figure 2: AAPL performance vs. S&amp;P 500, Nasdaq, XLK and VUG.</span></p><p><b>Why so resilient?</b></p><p>In my view, Apple’s resilience in 2022 is a bit counterintuitive, at first glance. Before the start of the war in Eastern Europe, the market’s biggest concern was high inflation leading to rising interest rates. This setup has been most damaging to growth and richly-valued stocks.</p><p>Because AAPL trades at the richest 2025 earnings multiple of all FAAMG names, one could have assumed that shares of the Cupertino company would have corrected sharply in Q1. So far, this has not been the case at all.</p><p>The most likely explanation is Apple’s strong business fundamentals that are unlikely to be hurt by macroeconomic and geopolitical issues — that is, unless something highly disruptive to either happens, including sharp economic growth deceleration.</p><p>Also, Apple’s business is not very dependent on Russia.I explained recently that less than 1% of the company’s revenues are estimated to come from Vladimir Putin’s country. Meanwhile, the Cupertino company does not have any Russia-based supplier.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: Resilient To Turbulence In 2022</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\">\nApple Stock: Resilient To Turbulence In 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 13:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-resilient-to-turbulence-in-2022><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>So far in 2022, Apple stock has done better than the S&P 500, Nasdaq, growth stocks and tech stocks. Is the outperformance justified?The US stock market (SPY) continues to bounce around on the back of...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-resilient-to-turbulence-in-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-resilient-to-turbulence-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190725364","content_text":"So far in 2022, Apple stock has done better than the S&P 500, Nasdaq, growth stocks and tech stocks. Is the outperformance justified?The US stock market (SPY) continues to bounce around on the back of macroeconomic and geopolitical turbulence. If high inflation, choked supply chains and rising interest rates were not enough, the Russia-Ukraine conflict escalated fast and has no end in sight.Meanwhile, Apple stock (AAPL) has been faring better. Even though it is considered a growth and higher-beta stock, investors seem to be finding safety in this stock.AAPL: an outperformerThe chart below is telling. So far in 2022, AAPL has dipped a modest 8%, as of the writing of this sentence. This is better than the S&P 500’s and the Nasdaq’s (QQQ) 10% and 14% declines during the same period, respectively.But Apple’s outperformance can not be easily explained by a sector and factor analysis alone. For example, growth stocks (VUG)  have shed 15% of their market value in 2022. Meanwhile, tech stock (XLK)  prices have sunk 13%. Apple stock has outperformed them all.Figure 2: AAPL performance vs. S&P 500, Nasdaq, XLK and VUG.Why so resilient?In my view, Apple’s resilience in 2022 is a bit counterintuitive, at first glance. Before the start of the war in Eastern Europe, the market’s biggest concern was high inflation leading to rising interest rates. This setup has been most damaging to growth and richly-valued stocks.Because AAPL trades at the richest 2025 earnings multiple of all FAAMG names, one could have assumed that shares of the Cupertino company would have corrected sharply in Q1. So far, this has not been the case at all.The most likely explanation is Apple’s strong business fundamentals that are unlikely to be hurt by macroeconomic and geopolitical issues — that is, unless something highly disruptive to either happens, including sharp economic growth deceleration.Also, Apple’s business is not very dependent on Russia.I explained recently that less than 1% of the company’s revenues are estimated to come from Vladimir Putin’s country. Meanwhile, the Cupertino company does not have any Russia-based supplier.","news_type":1},"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}