Moonlight10 personal page - To The Moon

Moonlight10

Moonlight10

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2021-12-28

Hello

2021-09-02

Hello

2021-09-02

$Bionano Genomics(BNGO)$???

2021-08-29

Nio position

2021-08-28

Hi Ali Baba

2021-08-28

Hello

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2021-08-26

Sharing

2021-08-26

$Bionano Genomics(BNGO)$:))))

2021-08-26

Hello

S&P 500, Nasdaq notch all-time closing highs ahead of Jackson Hole

2021-08-22

Walt Disney :)

2021-08-22

$Tortoise Acquisition II Corp(SNPR)$:)

2021-08-22

Yay

Bitcoin rises 5 percent to $49,106

2021-06-27

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2021-06-26

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These 3 Stocks Will Double -- If You Trust Wall Street's Bulls

2021-06-24

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Biden to meet with bipartisan senators to discuss infrastructure plan

2021-06-23

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Bitcoin drop below $30,000 sparks fears of another crypto winter — here's why bulls aren't worried

2021-06-22

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2021-06-21

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Carnival: Ludicrous Mode

2021-06-20

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Dow falls more than 500 points to close out its worst week since October

2021-06-20

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Go to Tiger App to see more news

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07:05","market":"us","language":"en","title":"S&P 500, Nasdaq notch all-time closing highs ahead of Jackson Hole","url":"https://stock-news.laohu8.com/highlight/detail?id=1197778368","media":"Reuters","summary":"NEW YORK (Reuters) - Wall Street gained ground again on Wednesday, with chipmakers and financials he","content":"<p>NEW YORK (Reuters) - Wall Street gained ground again on Wednesday, with chipmakers and financials helping to push the S&amp;P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve’s timeline for policy tightening remains intact.</p>\n<p>With few negative catalysts to sour the risk-on sentiment, all three major U.S. indexes ended the session modestly higher.</p>\n<p>“Positive news on vaccination approvals, and expectations that the Fed won’t shock markets at Jackson Hole, are helping to keep equity prices higher,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York, who added “it’s a very quiet market as many investors are sitting on the beach this week.”</p>\n<p>Rising U.S. Treasury yields boosted rate sensitive financials, and sectors that stand to gain most from economic revival - smallcaps, chips and transports - were outperforming the broader market.</p>\n<p>Days after the Food and Drug Administration gave full approval to the Pfizer-BioNTech COVID-19 vaccine, companies and institutions are moving toward either mandated inoculation, or penalization for those who forego the shot.</p>\n<p>The Pentagon and Delta Air Lines are the latest to enact such measures, with Ford Motor Co and others potentially following suit.</p>\n<p>For an interactive graphic on global vaccine deployment and new infection rates, click here.</p>\n<p>The session marked the S&amp;P 500’s 51st record high close so far this year.</p>\n<p>Analysts polled by Reuters, however, see the stock market staying rangebound for the remainder of 2021, with the S&amp;P 500 ending the year little changed as the pandemic recovery, along with corporate earnings growth, lose steam.</p>\n<p>“Following a long run, equity indexes have cooled off as the next engine of growth is unclear,” Carter at Lenox Wealth Advisors added. “Fiscal and monetary stimulus may have lost their oomph to push markets higher still.”</p>\n<p>Tame economic data, including flat new orders for core capital goods, reinforced the notion that Fed Chairman Jerome Powell is unlikely to hint at a shortened timeline for policy tightening at the virtual Jackson Hole Symposium, due to get underway on Friday.</p>\n<p>“(The) expectation is that Fed won’t scare markets, and will announce only a cautious tapering,” Carter said.</p>\n<p>The Dow Jones Industrial Average rose 39.24 points, or 0.11%, to 35,405.5, the S&amp;P 500 gained 9.96 points, or 0.22%, to 4,496.19 and the Nasdaq Composite added 22.06 points, or 0.15%, to 15,041.86.</p>\n<p>Financials were the clear winners among 11 major sectors in the S&amp;P 500, gaining more than 1%. Healthcare stocks suffered the largest percentage decline.</p>\n<p>Chipmakers Nvidia Corp and Applied Materials rose 1.9% and 1.2%, respectively, and along with mega-cap growth stocks Alphabet Inc, Tesla Inc and Facebook Inc, provided the biggest boost to the Nasdaq.</p>\n<p>Nordstrom Inc tumbled 17.6% after the department store operator posted a 6% decline in quarterly revenue from pre-pandemic levels.</p>\n<p>Dick’s Sporting Goods Inc announced a special dividend and raised its annual sales and profit forecast, sending its shares surging 13.3%.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.31-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 63 new 52-week highs and one new low; the Nasdaq Composite recorded 125 new highs and 33 new lows.</p>\n<p>Volume on U.S. exchanges was 8.29 billion shares, compared with the 9.00 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nS&P 500, Nasdaq notch all-time closing highs ahead of Jackson Hole\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-26 07:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-stocks/sp-500-nasdaq-notch-all-time-closing-highs-ahead-of-jackson-hole-idUSKBN2FQ0Y4><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Wall Street gained ground again on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-nasdaq-notch-all-time-closing-highs-ahead-of-jackson-hole-idUSKBN2FQ0Y4\">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",".SPX":"S&P 500 Index","JWN":"诺德斯特龙",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/us-usa-stocks/sp-500-nasdaq-notch-all-time-closing-highs-ahead-of-jackson-hole-idUSKBN2FQ0Y4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197778368","content_text":"NEW YORK (Reuters) - Wall Street gained ground again on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve’s timeline for policy tightening remains intact.\nWith few negative catalysts to sour the risk-on sentiment, all three major U.S. indexes ended the session modestly higher.\n“Positive news on vaccination approvals, and expectations that the Fed won’t shock markets at Jackson Hole, are helping to keep equity prices higher,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York, who added “it’s a very quiet market as many investors are sitting on the beach this week.”\nRising U.S. Treasury yields boosted rate sensitive financials, and sectors that stand to gain most from economic revival - smallcaps, chips and transports - were outperforming the broader market.\nDays after the Food and Drug Administration gave full approval to the Pfizer-BioNTech COVID-19 vaccine, companies and institutions are moving toward either mandated inoculation, or penalization for those who forego the shot.\nThe Pentagon and Delta Air Lines are the latest to enact such measures, with Ford Motor Co and others potentially following suit.\nFor an interactive graphic on global vaccine deployment and new infection rates, click here.\nThe session marked the S&P 500’s 51st record high close so far this year.\nAnalysts polled by Reuters, however, see the stock market staying rangebound for the remainder of 2021, with the S&P 500 ending the year little changed as the pandemic recovery, along with corporate earnings growth, lose steam.\n“Following a long run, equity indexes have cooled off as the next engine of growth is unclear,” Carter at Lenox Wealth Advisors added. “Fiscal and monetary stimulus may have lost their oomph to push markets higher still.”\nTame economic data, including flat new orders for core capital goods, reinforced the notion that Fed Chairman Jerome Powell is unlikely to hint at a shortened timeline for policy tightening at the virtual Jackson Hole Symposium, due to get underway on Friday.\n“(The) expectation is that Fed won’t scare markets, and will announce only a cautious tapering,” Carter said.\nThe Dow Jones Industrial Average rose 39.24 points, or 0.11%, to 35,405.5, the S&P 500 gained 9.96 points, or 0.22%, to 4,496.19 and the Nasdaq Composite added 22.06 points, or 0.15%, to 15,041.86.\nFinancials were the clear winners among 11 major sectors in the S&P 500, gaining more than 1%. Healthcare stocks suffered the largest percentage decline.\nChipmakers Nvidia Corp and Applied Materials rose 1.9% and 1.2%, respectively, and along with mega-cap growth stocks Alphabet Inc, Tesla Inc and Facebook Inc, provided the biggest boost to the Nasdaq.\nNordstrom Inc tumbled 17.6% after the department store operator posted a 6% decline in quarterly revenue from pre-pandemic levels.\nDick’s Sporting Goods Inc announced a special dividend and raised its annual sales and profit forecast, sending its shares surging 13.3%.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.31-to-1 ratio favored advancers.\nThe S&P 500 posted 63 new 52-week highs and one new low; the Nasdaq Composite recorded 125 new highs and 33 new lows.\nVolume on U.S. exchanges was 8.29 billion shares, compared with the 9.00 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832188311,"gmtCreate":1629598360033,"gmtModify":1676530076033,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Walt Disney :)","listText":"Walt Disney :)","text":"Walt Disney :)","images":[{"img":"https://static.tigerbbs.com/abcc8a62df1f4ad167cc36c0f7d06c6b","width":"1125","height":"2843"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832188311","isVote":1,"tweetType":1,"viewCount":256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":832181347,"gmtCreate":1629598298389,"gmtModify":1676530076017,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNPR\">$Tortoise Acquisition II Corp(SNPR)$</a>:)","listText":"<a href=\"https://laohu8.com/S/SNPR\">$Tortoise Acquisition II Corp(SNPR)$</a>:)","text":"$Tortoise Acquisition II Corp(SNPR)$:)","images":[{"img":"https://static.tigerbbs.com/94a2953d8e545f2b54e92c97d00b6b76","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832181347","isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":832922922,"gmtCreate":1629562974566,"gmtModify":1676530071253,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Yay","listText":"Yay","text":"Yay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/832922922","repostId":"2161149745","repostType":4,"repost":{"id":"2161149745","pubTimestamp":1629498960,"share":"https://ttm.financial/m/news/2161149745?lang=&edition=fundamental","pubTime":"2021-08-21 06:36","market":"us","language":"en","title":"Bitcoin rises 5 percent to $49,106","url":"https://stock-news.laohu8.com/highlight/detail?id=2161149745","media":"StreetInsider","summary":"(Reuters) - Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous","content":"<p><img src=\"https://static.tigerbbs.com/e0b53399a7d28656bb2d3f7824cf0bea\" tg-width=\"200\" tg-height=\"135\" referrerpolicy=\"no-referrer\"></p>\n<p>(Reuters) - Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close.</p>\n<p>Bitcoin, the world's biggest and best-known cryptocurrency, is up 77.4% from the year's low of $27,734 on Jan. 4.</p>\n<p>Ether, the coin linked to the ethereum blockchain network, rose 3.03% to $3,281.82 on Friday, adding $96.64 to its previous close.</p>\n<p>(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sonya Hepinstall)</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin rises 5 percent to $49,106</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin rises 5 percent to $49,106\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-21 06:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18847810><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 77.4% from the year's low ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18847810\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18847810","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2161149745","content_text":"(Reuters) - Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 77.4% from the year's low of $27,734 on Jan. 4.\nEther, the coin linked to the ethereum blockchain network, rose 3.03% to $3,281.82 on Friday, adding $96.64 to its previous close.\n(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sonya Hepinstall)","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124744228,"gmtCreate":1624798058964,"gmtModify":1703845278985,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/124744228","repostId":"1110293570","repostType":4,"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125996904,"gmtCreate":1624639658008,"gmtModify":1703842624336,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125996904","repostId":"2146073358","repostType":4,"repost":{"id":"2146073358","pubTimestamp":1624628400,"share":"https://ttm.financial/m/news/2146073358?lang=&edition=fundamental","pubTime":"2021-06-25 21:40","market":"us","language":"en","title":"These 3 Stocks Will Double -- If You Trust Wall Street's Bulls","url":"https://stock-news.laohu8.com/highlight/detail?id=2146073358","media":"Motley Fool","summary":"Looking for big winners can be a rewarding pursuit.","content":"<blockquote>\n Looking for big winners can be a rewarding pursuit.\n</blockquote>\n<p>Most investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to produce amazing results, it can be a game changer for your entire investing strategy.</p>\n<p>Wall Street analysts definitely aren't the end-all and be-all of investing. They're just as fallible as any other investor. However, using analyst research as a starting point for your own consideration of a stock can be a smart move.</p>\n<p>Below, we'll take a closer look at threetech stocksthat Wall Street's most optimistic analysts believe will double, with an eye toward deciding whether their bullish views are realistic.</p>\n<h3>1. Baidu</h3>\n<p><b>Baidu</b>(NASDAQ:BIDU)has been a stock market favorite for a long time, but the stock has been exceptionally volatile in recent years. The Chinese internet-search specialist saw its share price soar from 2013 to 2018, only to lose 75% between 2018 and 2020. Even in just the past several months, Baidu's stock has been exceptionally volatile, with shares tripling between October and February and then falling by nearly half since then.</p>\n<p>Some analysts are still optimistic about Baidu's prospects. With shares trading at around $195, the top price target on Wall Street, which comes from<b>Barclays</b>, is $400 per share. That would be more than a double from current levels.</p>\n<p>The key to Baidu's renaissance in the eyes of Barclays is its success in working on artificial intelligence and cloud computing. For years,Baidu coasted on its internet-search success, allowing its peers in the Chinese internet space to pass it by. However, Barclays is optimistic that Baidu can catch up, with initiatives like the Apollo software platform for autonomous vehicles paving the way for new growth.</p>\n<p>Concerns that Baidu and other Chinese stocks might get delisted from U.S. stock exchanges are fading fast, and that's cluing value investors into the potential these companies have. WithBaidu offering a relative bargain, the Chinese internet stock looks attractive.</p>\n<h3>2. Micron Technology</h3>\n<p>Soaring demand for computing capacity has sent prices of memory chips soaring, and that's been a big boon for<b>Micron Technology</b>(NASDAQ:MU). The stock price doubled between September 2020 and April 2021, and despite a small pullback, longtime Micron shareholders have held onto most of their gains.</p>\n<p>Yet analysts see more upside ahead. The most ambitious, Rosenblatt Securities, believesMicron stock could gofrom its current level around $81 per share to $165 over the next year.</p>\n<p>The big question for Micron is how long the upward cycle in the semiconductor chip market will last. The industry is notoriously cyclical, with companies like Micron responding to shortages like this by dramatically boosting production capacity. Inevitably, the result is a glut of chips when market conditions normalize, and that creates huge waves in earnings that make apparently cheap multiples look like value traps when industry conditions turn downward.</p>\n<p>For now, though, all signs point to continued strong demand. With chip shortages still reported in several key markets, Micron could have a long way to climb before overcapacity rears its ugly head and leads to an intermediate-term top for the stock.</p>\n<h3>3. Splunk</h3>\n<p>Last but not least,<b>Splunk</b>(NASDAQ:SPLK)has been a volatile stock lately. The data-analytics company recently saw its stock drop back to its March 2020 lows. Even after a sizable bounce, shares remain between 30% and 40% below their best levels from last summer.</p>\n<p>Yet some analysts see a big recovery coming from Splunk. The most optimistic pick forecasts a rise to $300 per share, which would be an all-time high for the stock.</p>\n<p>Splunk recently made news with a big vote of confidencefrom a major institutional investor. Private equity company Silver Lake made a $1 billion investment in the company, purchasing convertible notes that will give Silver Lake the ability to profit from future share-price increases. Splunk intends to take the $1 billion in proceeds to buy back shares, recognizing its own opinion that its stock is undervalued.</p>\n<p>Data analytics has been highly competitive, andSplunk hasn't been able to keep up with some of its peers. However, if the company can restart its growth engines and start catching up with the competition, it could see its stock price reflect more optimism.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 Stocks Will Double -- If You Trust Wall Street's Bulls</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\">\nThese 3 Stocks Will Double -- If You Trust Wall Street's Bulls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 21:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Looking for big winners can be a rewarding pursuit.\n\nMost investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPLK":"Splunk Inc","BIDU":"百度","MU":"美光科技"},"source_url":"https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146073358","content_text":"Looking for big winners can be a rewarding pursuit.\n\nMost investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to produce amazing results, it can be a game changer for your entire investing strategy.\nWall Street analysts definitely aren't the end-all and be-all of investing. They're just as fallible as any other investor. However, using analyst research as a starting point for your own consideration of a stock can be a smart move.\nBelow, we'll take a closer look at threetech stocksthat Wall Street's most optimistic analysts believe will double, with an eye toward deciding whether their bullish views are realistic.\n1. Baidu\nBaidu(NASDAQ:BIDU)has been a stock market favorite for a long time, but the stock has been exceptionally volatile in recent years. The Chinese internet-search specialist saw its share price soar from 2013 to 2018, only to lose 75% between 2018 and 2020. Even in just the past several months, Baidu's stock has been exceptionally volatile, with shares tripling between October and February and then falling by nearly half since then.\nSome analysts are still optimistic about Baidu's prospects. With shares trading at around $195, the top price target on Wall Street, which comes fromBarclays, is $400 per share. That would be more than a double from current levels.\nThe key to Baidu's renaissance in the eyes of Barclays is its success in working on artificial intelligence and cloud computing. For years,Baidu coasted on its internet-search success, allowing its peers in the Chinese internet space to pass it by. However, Barclays is optimistic that Baidu can catch up, with initiatives like the Apollo software platform for autonomous vehicles paving the way for new growth.\nConcerns that Baidu and other Chinese stocks might get delisted from U.S. stock exchanges are fading fast, and that's cluing value investors into the potential these companies have. WithBaidu offering a relative bargain, the Chinese internet stock looks attractive.\n2. Micron Technology\nSoaring demand for computing capacity has sent prices of memory chips soaring, and that's been a big boon forMicron Technology(NASDAQ:MU). The stock price doubled between September 2020 and April 2021, and despite a small pullback, longtime Micron shareholders have held onto most of their gains.\nYet analysts see more upside ahead. The most ambitious, Rosenblatt Securities, believesMicron stock could gofrom its current level around $81 per share to $165 over the next year.\nThe big question for Micron is how long the upward cycle in the semiconductor chip market will last. The industry is notoriously cyclical, with companies like Micron responding to shortages like this by dramatically boosting production capacity. Inevitably, the result is a glut of chips when market conditions normalize, and that creates huge waves in earnings that make apparently cheap multiples look like value traps when industry conditions turn downward.\nFor now, though, all signs point to continued strong demand. With chip shortages still reported in several key markets, Micron could have a long way to climb before overcapacity rears its ugly head and leads to an intermediate-term top for the stock.\n3. Splunk\nLast but not least,Splunk(NASDAQ:SPLK)has been a volatile stock lately. The data-analytics company recently saw its stock drop back to its March 2020 lows. Even after a sizable bounce, shares remain between 30% and 40% below their best levels from last summer.\nYet some analysts see a big recovery coming from Splunk. The most optimistic pick forecasts a rise to $300 per share, which would be an all-time high for the stock.\nSplunk recently made news with a big vote of confidencefrom a major institutional investor. Private equity company Silver Lake made a $1 billion investment in the company, purchasing convertible notes that will give Silver Lake the ability to profit from future share-price increases. Splunk intends to take the $1 billion in proceeds to buy back shares, recognizing its own opinion that its stock is undervalued.\nData analytics has been highly competitive, andSplunk hasn't been able to keep up with some of its peers. However, if the company can restart its growth engines and start catching up with the competition, it could see its stock price reflect more optimism.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126303769,"gmtCreate":1624543509551,"gmtModify":1703839909842,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126303769","repostId":"2145448160","repostType":4,"repost":{"id":"2145448160","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624539192,"share":"https://ttm.financial/m/news/2145448160?lang=&edition=fundamental","pubTime":"2021-06-24 20:53","market":"us","language":"en","title":"Biden to meet with bipartisan senators to discuss infrastructure plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2145448160","media":"Reuters","summary":"WASHINGTON, June 24 (Reuters) - President Joe Biden will meet with a bipartisan group of U.S. senato","content":"<p>WASHINGTON, June 24 (Reuters) - President Joe Biden will meet with a bipartisan group of U.S. senators on Thursday to discuss their proposed framework for an infrastructure bill as he looks to push a large-scale spending package through Congress despite Republican opposition.</p>\n<p>Members of the group of 21 senators, or \"G-21,\" announced an agreement on a framework on Wednesday after a meeting with White House officials.</p>\n<p>Republican U.S. Senator Rob Portman, a member of the group, said they would see how the Democratic president responded and would work to sell the plan to other lawmakers in both political parties.</p>\n<p>\"I'm hopeful we can get a positive response from the White House today,\" he told CNBC in an interview.</p>\n<p>The two sides will meet at the White House at 11:45 a.m., the White House said in a statement.</p>\n<p>The G-21 talks have focused on a $1.2 trillion, eight-year spending plan, with a mix of new and repurposed funding.</p>\n<p>For Biden, securing a large-scale infrastructure package is a top domestic priority.</p>\n<p>The White House opened talks with the group after the Democratic president broke off negotiations with Republican Senator Shelley Capito. The White House said her proposals had fallen short of meeting \"the essential needs of our country\".</p>\n<p>Biden, seeking to fuel growth and address income inequality after the coronavirus pandemic, initially proposed spending about $2.3 trillion. Republicans chafed at his definition of infrastructure, which included fighting climate change and providing care for children and the elderly.</p>\n<p>The White House later trimmed the offer to about $1.7 trillion in an unsuccessful bid to win the Republican support needed for any plan to get the 60 votes required to advance most legislation in the evenly split 100-seat Senate.  \"We came to an agreement on a plan ... and we're just going to try to wrap it up tomorrow,\" Democratic Senator Joe Manchin told reporters on Wednesday of the new plan.</p>\n<p>A major sticking point had been how to pay for the investments. Biden has pledged not to increase taxes on Americans earning less than $400,000 a year, while Republicans are determined to protect a 2017 cut in corporate taxes.</p>\n<p>Manchin said the framework encompassed a \"long list\" of so-called pay-fors and that all new spending would be offset with provisions to cover it, but he offered no specifics.</p>\n<p>Congressional Democrats are operating on two tracks.</p>\n<p>While they welcomed a bipartisan deal that could win enough Republican support to clear the Senate, they are also planning to bring up a separate measure with significant additional spending on unconventional infrastructure programs, such as home healthcare for the elderly.</p>\n<p>That measure would be brought up under special Senate rules for budget bills that would allow it to pass without any Republican support. In that case, Vice President Kamala Harris would be called upon to cast the tie-breaking vote.</p>\n<p>(Additional reporting by David Morgan, Richard Cowan, Makini Brice and Susan Heavey; Writing by Tim Ahmann; Editing by Lincoln Feast)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden to meet with bipartisan senators to discuss infrastructure plan</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\">\nBiden to meet with bipartisan senators to discuss infrastructure plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-24 20:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 24 (Reuters) - President Joe Biden will meet with a bipartisan group of U.S. senators on Thursday to discuss their proposed framework for an infrastructure bill as he looks to push a large-scale spending package through Congress despite Republican opposition.</p>\n<p>Members of the group of 21 senators, or \"G-21,\" announced an agreement on a framework on Wednesday after a meeting with White House officials.</p>\n<p>Republican U.S. Senator Rob Portman, a member of the group, said they would see how the Democratic president responded and would work to sell the plan to other lawmakers in both political parties.</p>\n<p>\"I'm hopeful we can get a positive response from the White House today,\" he told CNBC in an interview.</p>\n<p>The two sides will meet at the White House at 11:45 a.m., the White House said in a statement.</p>\n<p>The G-21 talks have focused on a $1.2 trillion, eight-year spending plan, with a mix of new and repurposed funding.</p>\n<p>For Biden, securing a large-scale infrastructure package is a top domestic priority.</p>\n<p>The White House opened talks with the group after the Democratic president broke off negotiations with Republican Senator Shelley Capito. The White House said her proposals had fallen short of meeting \"the essential needs of our country\".</p>\n<p>Biden, seeking to fuel growth and address income inequality after the coronavirus pandemic, initially proposed spending about $2.3 trillion. Republicans chafed at his definition of infrastructure, which included fighting climate change and providing care for children and the elderly.</p>\n<p>The White House later trimmed the offer to about $1.7 trillion in an unsuccessful bid to win the Republican support needed for any plan to get the 60 votes required to advance most legislation in the evenly split 100-seat Senate.  \"We came to an agreement on a plan ... and we're just going to try to wrap it up tomorrow,\" Democratic Senator Joe Manchin told reporters on Wednesday of the new plan.</p>\n<p>A major sticking point had been how to pay for the investments. Biden has pledged not to increase taxes on Americans earning less than $400,000 a year, while Republicans are determined to protect a 2017 cut in corporate taxes.</p>\n<p>Manchin said the framework encompassed a \"long list\" of so-called pay-fors and that all new spending would be offset with provisions to cover it, but he offered no specifics.</p>\n<p>Congressional Democrats are operating on two tracks.</p>\n<p>While they welcomed a bipartisan deal that could win enough Republican support to clear the Senate, they are also planning to bring up a separate measure with significant additional spending on unconventional infrastructure programs, such as home healthcare for the elderly.</p>\n<p>That measure would be brought up under special Senate rules for budget bills that would allow it to pass without any Republican support. In that case, Vice President Kamala Harris would be called upon to cast the tie-breaking vote.</p>\n<p>(Additional reporting by David Morgan, Richard Cowan, Makini Brice and Susan Heavey; Writing by Tim Ahmann; Editing by Lincoln Feast)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145448160","content_text":"WASHINGTON, June 24 (Reuters) - President Joe Biden will meet with a bipartisan group of U.S. senators on Thursday to discuss their proposed framework for an infrastructure bill as he looks to push a large-scale spending package through Congress despite Republican opposition.\nMembers of the group of 21 senators, or \"G-21,\" announced an agreement on a framework on Wednesday after a meeting with White House officials.\nRepublican U.S. Senator Rob Portman, a member of the group, said they would see how the Democratic president responded and would work to sell the plan to other lawmakers in both political parties.\n\"I'm hopeful we can get a positive response from the White House today,\" he told CNBC in an interview.\nThe two sides will meet at the White House at 11:45 a.m., the White House said in a statement.\nThe G-21 talks have focused on a $1.2 trillion, eight-year spending plan, with a mix of new and repurposed funding.\nFor Biden, securing a large-scale infrastructure package is a top domestic priority.\nThe White House opened talks with the group after the Democratic president broke off negotiations with Republican Senator Shelley Capito. The White House said her proposals had fallen short of meeting \"the essential needs of our country\".\nBiden, seeking to fuel growth and address income inequality after the coronavirus pandemic, initially proposed spending about $2.3 trillion. Republicans chafed at his definition of infrastructure, which included fighting climate change and providing care for children and the elderly.\nThe White House later trimmed the offer to about $1.7 trillion in an unsuccessful bid to win the Republican support needed for any plan to get the 60 votes required to advance most legislation in the evenly split 100-seat Senate.  \"We came to an agreement on a plan ... and we're just going to try to wrap it up tomorrow,\" Democratic Senator Joe Manchin told reporters on Wednesday of the new plan.\nA major sticking point had been how to pay for the investments. Biden has pledged not to increase taxes on Americans earning less than $400,000 a year, while Republicans are determined to protect a 2017 cut in corporate taxes.\nManchin said the framework encompassed a \"long list\" of so-called pay-fors and that all new spending would be offset with provisions to cover it, but he offered no specifics.\nCongressional Democrats are operating on two tracks.\nWhile they welcomed a bipartisan deal that could win enough Republican support to clear the Senate, they are also planning to bring up a separate measure with significant additional spending on unconventional infrastructure programs, such as home healthcare for the elderly.\nThat measure would be brought up under special Senate rules for budget bills that would allow it to pass without any Republican support. In that case, Vice President Kamala Harris would be called upon to cast the tie-breaking vote.\n(Additional reporting by David Morgan, Richard Cowan, Makini Brice and Susan Heavey; Writing by Tim Ahmann; Editing by Lincoln Feast)","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123853403,"gmtCreate":1624417138502,"gmtModify":1703836044490,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123853403","repostId":"1164759713","repostType":4,"repost":{"id":"1164759713","pubTimestamp":1624410080,"share":"https://ttm.financial/m/news/1164759713?lang=&edition=fundamental","pubTime":"2021-06-23 09:01","market":"us","language":"en","title":"Bitcoin drop below $30,000 sparks fears of another crypto winter — here's why bulls aren't worried","url":"https://stock-news.laohu8.com/highlight/detail?id=1164759713","media":"CNBC","summary":"Bitcoin's brief drop below the symbolic price threshold of $30,000 on Tuesday has reignited talk of ","content":"<div>\n<p>Bitcoin's brief drop below the symbolic price threshold of $30,000 on Tuesday has reignited talk of a crypto winter. It doesn't help that cryptocurrencies like dogecoin, XRP and others saw sharp drops...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/bitcoin-drop-below-30000-sparks-fears-of-another-crypto-winter.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin drop below $30,000 sparks fears of another crypto winter — here's why bulls aren't worried</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin drop below $30,000 sparks fears of another crypto winter — here's why bulls aren't worried\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 09:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/22/bitcoin-drop-below-30000-sparks-fears-of-another-crypto-winter.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin's brief drop below the symbolic price threshold of $30,000 on Tuesday has reignited talk of a crypto winter. It doesn't help that cryptocurrencies like dogecoin, XRP and others saw sharp drops...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/bitcoin-drop-below-30000-sparks-fears-of-another-crypto-winter.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/22/bitcoin-drop-below-30000-sparks-fears-of-another-crypto-winter.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164759713","content_text":"Bitcoin's brief drop below the symbolic price threshold of $30,000 on Tuesday has reignited talk of a crypto winter. It doesn't help that cryptocurrencies like dogecoin, XRP and others saw sharp drops in the last 24 hours.\nBut experts tell CNBC that bitcoin's fundamentals are good, and the market conditions in 2021 are very different than the last big crypto crash in 2018.\n\"We are far from a bear market, only traders are freaking out over technicals seen on exchanges like volumes and price action,\" said popular on-chain analyst and statistician Willy Woo.\nWhat's happening to bitcoin\nBitcoin's rise in the last 12 months has had a lot to do with the billionaires and corporations that are buying bitcoin in big amounts. The surge in interest from mainstream financial players has not only reformed bitcoin's image but has also fomented a supply shortage, which helped drive up the price of the token.\nBut since the price of bitcoinpeaked over $63,000in April,the last few months have been rough for the world's biggest cryptocurrency.\nChina's countrywide crackdown on the nation's bitcoin miners certainly isn't helping.\n\"Recent news on the China mining shutdown is very reminiscent of China every few years. They've banned banks from using bitcoin, but this is actually different. I've never seen an exodus like this before,\" said Darin Feinstein, founder of Blockcap, one of the largest bitcoin mining operators in North America.\nMore than half the world's bitcoin miners are in China, and Beijing has made it clear that it wants them out.In May, the government called fora severe crackdown onbitcoinmining and trading, setting off what's been dubbed \"the great mining migration.\"\n\"Much of this downward momentum in bitcoin's price has been ascribed to China's latest moves with mining that have led to a lower global hashrate,\" said Jason Deane, an analyst at Quantum Economics, which specializes in research and analysis on financial markets and cryptocurrency.\n\"While long-term bitcoiners view this as an extremely positive move for the network ... short-term traders are spooked by uncertainty.\"\nAt present, theFear and Greed Indexshows a reading of 10, indicating \"extreme fear.\"\n\"Markets are often driven by momentum which can sometimes overwhelm fundamentals and the current sentiment seems to reflect that this is what we're seeing here,\" said Deane.\n2021 vs. 2018\nBut Deane and others think it is unlikely to be the start of a so-called crypto winter. Instead, they predict we are headed for a period of overreaction that will correct itself in due course.\n\"We may never see another crypto winter again,\" said Mati Greenspan, portfolio manager and Quantum Economics founder. \"There's a lot more utility, adoption, and diversification in the industry than we had in 2014 or 2018.\"\nBitcoin bulls insist the underlying fundamentals of bitcoin are much stronger in 2021, than they were during its last bear market in 2018.\n\"It's the bitcoin blockchain's more than a decade of unblemished security, bitcoin's breadth of utility, and the level of adoption that establish bitcoin's intrinsic value,\" said Alyse Killeen, founder and managing partner of bitcoin-focused venture firm Stillmark.\nThat last point is particularly important -- bitcoin adoption is on a tear, creating a broader group of users who believe in the currency's value, which reinforces it.\n\"All the network fundamentals are bullish, most of all we are at all-time highs of new user growth,\" said Woo.\nBitcoin also recentlylocked its first major upgrade in four years, promising additional functionality, privacy and efficiency.\nShort term, bitcoin believers think crypto prices will stabilize at price levels that are still higher than previous plateaus.\n\"It definitely fits the pattern of crypto assets rising well above previous all time highs, then settling into a new normal for a few years to come while builders continue to innovate on the technology front,\" said Auston Bunsen, co-founder and CTO of QuikNode, which provides blockchain infrastructure to developers and companies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129149146,"gmtCreate":1624366888385,"gmtModify":1703834499595,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129149146","repostId":"1110726798","repostType":4,"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167692653,"gmtCreate":1624263684572,"gmtModify":1703831880622,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167692653","repostId":"1117073468","repostType":4,"repost":{"id":"1117073468","pubTimestamp":1624261389,"share":"https://ttm.financial/m/news/1117073468?lang=&edition=fundamental","pubTime":"2021-06-21 15:43","market":"us","language":"en","title":"Carnival: Ludicrous Mode","url":"https://stock-news.laohu8.com/highlight/detail?id=1117073468","media":"seekingalpha","summary":"Summary\n\nCarnival shares look tired in the current rally.\nWith its long-term debt situation continui","content":"<p><b>Summary</b></p>\n<ul>\n <li>Carnival shares look tired in the current rally.</li>\n <li>With its long-term debt situation continuing to worsen, and with it interest expense, the business is impaired.</li>\n <li>The current share price is pricing in a ludicrously unrealistic recovery.</li>\n</ul>\n<p>The cruise line stocks have been in the midst of a prolonged rally since the vaccine became a reality last fall. The group has soared, including one of its major constituents,<b>Carnival Corp.</b>(CCL). I’ve been critical of the valuations in the sector because I see overly optimistic investors bidding up the stocks of cruise operators without concern for the long-term damage that has been done to their business models. In the case of Carnival, that is very much the case, but the chart is suggesting caution is warranted as well.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c105625684d84d58f9e6641691a5cdf\" tg-width=\"640\" tg-height=\"615\" referrerpolicy=\"no-referrer\"><span>Source: StockCharts</span></p>\n<p>I’ve annotated a rectangular consolidation that has been forming since February, with the bottom near $24 and the top near $31. Rectangular consolidations following strong uptrends are bullish typically, so I would normally say Carnival is digesting gains and readying for a new push higher. But in this case, the rectangle was broken early this month, but the breakout failed.</p>\n<p>I’ve circled the area of the failed breakout, and shares have fallen quickly since then. That is a bearish sign because the bulls had the breakout, but failed to push the stock any higher.</p>\n<p>In addition, the accumulation/distribution line is neutral, which isn’t confirming the bull move, or the breakout attempt that occurred. The A/D line isn’t bearish, necessarily, but it isn’t confirming the bullish move that was attempted.</p>\n<p>In addition, the PPO is showing very strong negative divergences, which simply means it is declining while the price has been rising. That indicates bullish momentum is waning, and can often portend the end of a bullish move as rallies become less and less potent as time goes on.</p>\n<p>Taken together, these factors make it look to me like Carnival’s current move off of the November low is more likely to be complete than to continue. And given what I’ll discuss below about just how damaged Carnival is at this point, I’m sticking with my sell rating.</p>\n<p><b>Reality is setting in</b></p>\n<p>The cruise line stocks – among other highly discretionary groups – have been rallying on the prospect of the world’s economy reopening. That has happened to a large extent, but not for cruise lines, which continue to deal with heavy restrictions in most locales.</p>\n<p>That has led to several quarters in a row of Carnival producing essentially no revenue, but on the plus side, the company has setplansto continue to get its ships moving again. Keep in mind that Carnival isn’t anywhere near even a meaningfully sized fraction of its prior capacity, and won’t be for some time to come, at least into 2022. In addition, there will undoubtedly be restrictions in terms of spacing, cleaning measures, etc., that will drive operating costs that are higher than they otherwise would have been as a percentage of revenue. But that isn’t stopping the bulls from blindly bidding up the stock anyway.</p>\n<p>For some perspective on the matter, I think revenue revisions are extremely instructive.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/535c29d74125585f55ef2ce4bacbd615\" tg-width=\"640\" tg-height=\"285\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha</span></p>\n<p>The ever-plummeting orange line is the mean estimate for this year, and it continues to fall unabated. That’s because estimates for this were<i>always</i>too high, even before the pandemic, and analysts have continuously underestimated the negative impact of COVID on Carnival’s ability to generate revenue. In other words, the analyst community has been wrong<i>for years</i>on Carnival’s top line, and continues to lower estimates to try and keep pace. Thus, why should we believe there is some light at the end of the tunnel when Carnival has disappointed investors over and over again? That’s not a leap I’m willing to make.</p>\n<p>The out years have some upward kinks at the end of the lines, indicating some upward revisions, and that’s a good sign. It means that the worst of the revisions could be behind the company, but that assumes that you believe an analyst community that has gotten it wrong for years by being overly optimistic. Is this time different? Anything is possible. Is that something I’m willing to bet on? I think you know the answer to that.</p>\n<p>This has massive implications on the company’s ability to generate earnings because cruise lines operate with huge fixed and operating costs. Thus, volume is absolutely necessary to produce any sort of meaningful profits. We won’t get a read on the company’s new level of operating margins until at least next year, when some meaningful volume of cruises actually take place. But in the interim, there are some costs – both explicit and implicit – that we do have a handle on, and none of it is good news.</p>\n<p>Let’s begin with the balance sheet, which has been ravaged during this crisis.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5f65e836dfbd23b70e589bfee554867\" tg-width=\"640\" tg-height=\"169\" referrerpolicy=\"no-referrer\"><span>Source: TIKR.com</span></p>\n<p>Carnival had a huge amount of debt before the pandemic, checking in near $10 billion. Today, it’s nearly 3X that value and rising all the time, because Carnival is burning through huge amounts of cash every single day, and that won’t stop until the cruises start again in earnest. Carnival could easily have $30+ billion in debt before the cruises get going again, and for a company with ~$3 billion in normalizedoperating profit, there is essentially no hope of ever paying down that much debt. The only way Carnival could ever reduce debt back to prior levels is to issue even more common shares (more on that in just a bit), or asset sales, which would further exacerbate its revenue/profit situation.</p>\n<p>Further, we can see Carnival is now on the hook for ~$400 million in<i>quarterly</i>interest expense, an unbelievably huge sum when viewed in comparison to pre-pandemic levels.</p>\n<p>This will continue to rise into next year because Carnival has to keep borrowing as it burns through cash, waiting for the pandemic to end. We could see ~$2 billion in annual interest expense next year, which would be roughly two-thirds of normalized operating profit. And keep in mind I’m not suggesting Carnival will hit normalized operating profit next year; I’m simply providing context for the ruinously expensive hole Carnival is in right now with its financing situation.</p>\n<p>Finally, as if that weren’t enough, Carnival’s share count has ballooned during this crisis because it had no other sources of funds to keep the lights on.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ac33f6ea2957c3d3e64559f472488e5\" tg-width=\"640\" tg-height=\"168\"><span>Source: TIKR.com</span></p>\n<p>This means that when/if Carnival does start to produce profits again, it will have to produce a staggering ~70% more profit on a dollar basis just to line up equal to pre-pandemic levels of EPS. In other words, because today’s share count is 69% higher than it was at the end of February 2020 – before the share issuances began – each dollar of profit is spread over 69% more shares. That makes each share’s spread of the profits worth 69% less than it otherwise would have been.</p>\n<p><b>The extent of the problem</b></p>\n<p>This all leads us to valuing the stock, which points to only one conclusion for me; Carnival needs to pull way back from where it is today.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e59adf15d725fe2e89c45e9ff1c75742\" tg-width=\"640\" tg-height=\"286\"><span>Source:Seeking Alpha</span></p>\n<p>EPS revisions are hideously negative, similar to revenue, but that’s beside the point here. The company isn’t expected to produce any sort of meaningful earnings until 2023, and even out to 2026, is only at $3.11. But keep in mind that based upon Carnival’s EPS revision history, these estimates are almost certainly too high. But even if we take these at face value, buyers of the stock today are unbelievably optimistic.</p>\n<p>Fiscal 2018was the best year Carnival has ever had when measured by net income, which came to $3.15 billion. That’s a lot of money, and reflected extremely favorable macro factors for cruise lines, which Carnival took full advantage of. Now, we know the company is running at ~$1.5 billion in incremental interest expense over and above fiscal 2018, and we know that the share count is about 60% higher than fiscal 2018.</p>\n<p>If we assume Carnival will hit $3.15 billion in net income again, which would be a company record, that would be spread over ~60% more shares, which would put it in the area of $2.70 in EPS, not the $4.45 the company actually produced with that level of net income. Now, Carnival has to pay an additional $1.5 billion (give or take) in annual interest expense as well, so we’d actually need to see the company produce another $1.5 billion in operating profit over and above fiscal 2018,<i>just to get to $3.15 billion</i>in net income.</p>\n<p>To get to $4.45 again, Carnival would need to cover the additional $1.5 billion in interest expense, and the ~60% higher share count. That means that instead of the $3.4 billion in operating income Carnival produced that year, it would need nearly<i>$7 billion</i>in operating income to produce the same number (covering the incremental interest expense and higher share count).</p>\n<p>When we put all of this together, shareholders today are betting that Carnival will blow past prior records it had produced in terms of operating and net earnings, and that it has some way to sustain $30 billion in debt, and that it won’t simply continue to issue new shares of stock to fund itself.</p>\n<p>When laid out like this, I simply don’t understand anyone wanting to own Carnival. The current valuation implies a rapid ascent to new heights in terms of earnings, and that is not just imprudent, it is delusional. Carnival is in its own form ofLudicrous Mode, but in this case, that's not a good thing.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Carnival: Ludicrous Mode</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\">\nCarnival: Ludicrous Mode\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 15:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435729-carnival-ludicrous-mode><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nCarnival shares look tired in the current rally.\nWith its long-term debt situation continuing to worsen, and with it interest expense, the business is impaired.\nThe current share price is ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435729-carnival-ludicrous-mode\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CCL":"嘉年华邮轮"},"source_url":"https://seekingalpha.com/article/4435729-carnival-ludicrous-mode","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1117073468","content_text":"Summary\n\nCarnival shares look tired in the current rally.\nWith its long-term debt situation continuing to worsen, and with it interest expense, the business is impaired.\nThe current share price is pricing in a ludicrously unrealistic recovery.\n\nThe cruise line stocks have been in the midst of a prolonged rally since the vaccine became a reality last fall. The group has soared, including one of its major constituents,Carnival Corp.(CCL). I’ve been critical of the valuations in the sector because I see overly optimistic investors bidding up the stocks of cruise operators without concern for the long-term damage that has been done to their business models. In the case of Carnival, that is very much the case, but the chart is suggesting caution is warranted as well.\nSource: StockCharts\nI’ve annotated a rectangular consolidation that has been forming since February, with the bottom near $24 and the top near $31. Rectangular consolidations following strong uptrends are bullish typically, so I would normally say Carnival is digesting gains and readying for a new push higher. But in this case, the rectangle was broken early this month, but the breakout failed.\nI’ve circled the area of the failed breakout, and shares have fallen quickly since then. That is a bearish sign because the bulls had the breakout, but failed to push the stock any higher.\nIn addition, the accumulation/distribution line is neutral, which isn’t confirming the bull move, or the breakout attempt that occurred. The A/D line isn’t bearish, necessarily, but it isn’t confirming the bullish move that was attempted.\nIn addition, the PPO is showing very strong negative divergences, which simply means it is declining while the price has been rising. That indicates bullish momentum is waning, and can often portend the end of a bullish move as rallies become less and less potent as time goes on.\nTaken together, these factors make it look to me like Carnival’s current move off of the November low is more likely to be complete than to continue. And given what I’ll discuss below about just how damaged Carnival is at this point, I’m sticking with my sell rating.\nReality is setting in\nThe cruise line stocks – among other highly discretionary groups – have been rallying on the prospect of the world’s economy reopening. That has happened to a large extent, but not for cruise lines, which continue to deal with heavy restrictions in most locales.\nThat has led to several quarters in a row of Carnival producing essentially no revenue, but on the plus side, the company has setplansto continue to get its ships moving again. Keep in mind that Carnival isn’t anywhere near even a meaningfully sized fraction of its prior capacity, and won’t be for some time to come, at least into 2022. In addition, there will undoubtedly be restrictions in terms of spacing, cleaning measures, etc., that will drive operating costs that are higher than they otherwise would have been as a percentage of revenue. But that isn’t stopping the bulls from blindly bidding up the stock anyway.\nFor some perspective on the matter, I think revenue revisions are extremely instructive.\nSource:Seeking Alpha\nThe ever-plummeting orange line is the mean estimate for this year, and it continues to fall unabated. That’s because estimates for this werealwaystoo high, even before the pandemic, and analysts have continuously underestimated the negative impact of COVID on Carnival’s ability to generate revenue. In other words, the analyst community has been wrongfor yearson Carnival’s top line, and continues to lower estimates to try and keep pace. Thus, why should we believe there is some light at the end of the tunnel when Carnival has disappointed investors over and over again? That’s not a leap I’m willing to make.\nThe out years have some upward kinks at the end of the lines, indicating some upward revisions, and that’s a good sign. It means that the worst of the revisions could be behind the company, but that assumes that you believe an analyst community that has gotten it wrong for years by being overly optimistic. Is this time different? Anything is possible. Is that something I’m willing to bet on? I think you know the answer to that.\nThis has massive implications on the company’s ability to generate earnings because cruise lines operate with huge fixed and operating costs. Thus, volume is absolutely necessary to produce any sort of meaningful profits. We won’t get a read on the company’s new level of operating margins until at least next year, when some meaningful volume of cruises actually take place. But in the interim, there are some costs – both explicit and implicit – that we do have a handle on, and none of it is good news.\nLet’s begin with the balance sheet, which has been ravaged during this crisis.\nSource: TIKR.com\nCarnival had a huge amount of debt before the pandemic, checking in near $10 billion. Today, it’s nearly 3X that value and rising all the time, because Carnival is burning through huge amounts of cash every single day, and that won’t stop until the cruises start again in earnest. Carnival could easily have $30+ billion in debt before the cruises get going again, and for a company with ~$3 billion in normalizedoperating profit, there is essentially no hope of ever paying down that much debt. The only way Carnival could ever reduce debt back to prior levels is to issue even more common shares (more on that in just a bit), or asset sales, which would further exacerbate its revenue/profit situation.\nFurther, we can see Carnival is now on the hook for ~$400 million inquarterlyinterest expense, an unbelievably huge sum when viewed in comparison to pre-pandemic levels.\nThis will continue to rise into next year because Carnival has to keep borrowing as it burns through cash, waiting for the pandemic to end. We could see ~$2 billion in annual interest expense next year, which would be roughly two-thirds of normalized operating profit. And keep in mind I’m not suggesting Carnival will hit normalized operating profit next year; I’m simply providing context for the ruinously expensive hole Carnival is in right now with its financing situation.\nFinally, as if that weren’t enough, Carnival’s share count has ballooned during this crisis because it had no other sources of funds to keep the lights on.\nSource: TIKR.com\nThis means that when/if Carnival does start to produce profits again, it will have to produce a staggering ~70% more profit on a dollar basis just to line up equal to pre-pandemic levels of EPS. In other words, because today’s share count is 69% higher than it was at the end of February 2020 – before the share issuances began – each dollar of profit is spread over 69% more shares. That makes each share’s spread of the profits worth 69% less than it otherwise would have been.\nThe extent of the problem\nThis all leads us to valuing the stock, which points to only one conclusion for me; Carnival needs to pull way back from where it is today.\nSource:Seeking Alpha\nEPS revisions are hideously negative, similar to revenue, but that’s beside the point here. The company isn’t expected to produce any sort of meaningful earnings until 2023, and even out to 2026, is only at $3.11. But keep in mind that based upon Carnival’s EPS revision history, these estimates are almost certainly too high. But even if we take these at face value, buyers of the stock today are unbelievably optimistic.\nFiscal 2018was the best year Carnival has ever had when measured by net income, which came to $3.15 billion. That’s a lot of money, and reflected extremely favorable macro factors for cruise lines, which Carnival took full advantage of. Now, we know the company is running at ~$1.5 billion in incremental interest expense over and above fiscal 2018, and we know that the share count is about 60% higher than fiscal 2018.\nIf we assume Carnival will hit $3.15 billion in net income again, which would be a company record, that would be spread over ~60% more shares, which would put it in the area of $2.70 in EPS, not the $4.45 the company actually produced with that level of net income. Now, Carnival has to pay an additional $1.5 billion (give or take) in annual interest expense as well, so we’d actually need to see the company produce another $1.5 billion in operating profit over and above fiscal 2018,just to get to $3.15 billionin net income.\nTo get to $4.45 again, Carnival would need to cover the additional $1.5 billion in interest expense, and the ~60% higher share count. That means that instead of the $3.4 billion in operating income Carnival produced that year, it would need nearly$7 billionin operating income to produce the same number (covering the incremental interest expense and higher share count).\nWhen we put all of this together, shareholders today are betting that Carnival will blow past prior records it had produced in terms of operating and net earnings, and that it has some way to sustain $30 billion in debt, and that it won’t simply continue to issue new shares of stock to fund itself.\nWhen laid out like this, I simply don’t understand anyone wanting to own Carnival. The current valuation implies a rapid ascent to new heights in terms of earnings, and that is not just imprudent, it is delusional. Carnival is in its own form ofLudicrous Mode, but in this case, that's not a good thing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164082053,"gmtCreate":1624161635272,"gmtModify":1703829855580,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Welcome&nbsp;","listText":"Welcome&nbsp;","text":"Welcome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164082053","repostId":"1156696708","repostType":4,"repost":{"id":"1156696708","pubTimestamp":1624063306,"share":"https://ttm.financial/m/news/1156696708?lang=&edition=fundamental","pubTime":"2021-06-19 08:41","market":"us","language":"en","title":"Dow falls more than 500 points to close out its worst week since October","url":"https://stock-news.laohu8.com/highlight/detail?id=1156696708","media":"cnbc","summary":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since Octob","content":"<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow falls more than 500 points to close out its worst week since October</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow falls more than 500 points to close out its worst week since October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 08:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1156696708","content_text":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-chip average dropped 533.37 points, or 1.6%, to 33,290.08. TheS&P 500slid 1.3% to 4,166.45. Both the Dow and S&P 500 hit their session lows in the final minutes of trading and closed around those levels. TheNasdaq Compositeclosed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.\nFor the week, the 30-stock Dow lost 3.5%. The S&P 500 and Nasdaq were down by 1.9% and 0.2%, respectively, week to date.\nSt. Louis Federal Reserve President Jim Bullardtold CNBC's \"Squawk Box\"on Friday it was natural for the Fed to tilt a little \"hawkish\" this week and that the first rate increase from the central bank would likely come in 2022. His comments came after the Fed on Wednesday added two rate hikes to its 2023 forecast and increased its inflation projection for the year, putting pressure on stock prices.\n\"The fear held by some investors is that if the Fed tightens policy sooner than expected to help cool inflationary pressures, this could weigh on future economic growth,\" Truist Advisory Services chief market strategist Keith Lerner said in a note. To be sure, he added it would be premature to give up on the so-called value trade right now.\nPockets of the market most sensitive to the economic rebound led the sell-off this week. The S&P 500 energy sector and industrials dropped 5.2% and 3.8%, respectively, for the week. Financials and materials meanwhile, lost more than 6% each. These groups had been market leaders this year on the back of the economic reopening.\nThe decline in stocks came as the Fed's actions caused a drastic flattening of the so-called Treasury yield curve. This means the yields of shorter-duration Treasurys — like the 2-year note — rose while longer-duration yields like the benchmark 10-year declined. The retreat in long-dated bond yields reflects less optimism toward economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.\nThis phenomenon hurt bank stocks particularly as their earnings could take a hit when the spread between short-term and long-term rates narrows. Bank of America and JPMorgan Chase shares on Friday lost more than 2% each. Citigroup fell by 1.8%, posting its 12th straight daily decline.\nFed Chairman Jerome Powell said Wednesday that officials have discussed tapering bond buying and would at some point begin slowing the asset purchases.\n\"This week's first whiff of an eventual change in Fed policy was a reminder that emergency monetary conditions and the free-money era will ultimately end,\" strategists at MRB Partners wrote in a note. \"We expect a series of incremental retreats from the Fed's benign inflation outlook in the coming months.\"\nCommodity prices were underpressure this weekas China attempted to cool rising prices and as the U.S. dollar strengthens. Copper, gold and platinum fell once again on Friday.\nFriday also coincided with the quarterly \"quadruple witching\" in which options and futures on indexes and equities expire. This event may have contributed to more volatile trading during the session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164086040,"gmtCreate":1624161615680,"gmtModify":1703829853962,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573357249671764","authorIdStr":"3573357249671764"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164086040","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":129149146,"gmtCreate":1624366888385,"gmtModify":1703834499595,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129149146","repostId":"1110726798","repostType":4,"repost":{"id":"1110726798","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":1624362092,"share":"https://ttm.financial/m/news/1110726798?lang=&edition=fundamental","pubTime":"2021-06-22 19:41","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1110726798","media":"Tiger Newspress","summary":"Stock futures rise to extend earlier gains.\nTorchlight Energy Price Gains Premarket.\nGameStop Jumps ","content":"<ul>\n <li>Stock futures rise to extend earlier gains.</li>\n <li>Torchlight Energy Price Gains Premarket.</li>\n <li>GameStop Jumps After Raising More Than $1 Billion in New Shares.</li>\n <li>GameStop, MicroVision, Sanderson Farms &amp; more made the biggest moves in the premarket.</li>\n</ul>\n<p>(June 22)&nbsp;Stock futures rose Tuesday morning to build on gains from a day earlier, with equities recovering from concerns over the path forward for monetary policy last week.</p>\n<p>At 7:47&nbsp;a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&amp;P 500 e-minis were up 5.75 points, or 0.14%, and Nasdaq 100 e-minis were up 39.25 points, or 0.28%.</p>\n<p><img src=\"https://static.tigerbbs.com/127a76b6bde89676371162b1b268b550\" tg-width=\"1242\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms &amp; more</b></p>\n<p><b>1)&nbsp;GameStop(GME)</b> – The videogame retailer's stock jumped 6.8% in the premarket after it had announced it had completed a previously announced sale of 5 million common shares, raising $1.126 billion.</p>\n<p><b>2)&nbsp;MicroVision(MVIS)</b> – MicroVision shares slid 10.8% in the premarket after the laser technology company said it would sell up to $140 million of stock \"from time to time\" and use the funds for general corporate purposes.</p>\n<p><b>3)&nbsp;Sanderson Farms(SAFM) </b>– Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. The paper said the poultry producer has already drawn interest from suitors such as agricultural investment firm Continental Grain. The stock surged 10% in premarket action.</p>\n<p><b>4)&nbsp;Torchlight Energy Resources(TRCH)</b> – Torchlight shares gained another 4.9% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits.</p>\n<p><b>5)&nbsp;Alphabet(GOOGL) </b>– The European Unionhas opened a formal antitrust probeof Google's digital ad practices. Part of the investigation will cover some of the same areas involved in a case filed by several U.S. states against the Alphabet operation last year.</p>\n<p><b>6)&nbsp;Korn Ferry(KFY)</b> – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Revenue topped Wall Street forecasts as well, boosted by its services that help businesses with organizational issues.</p>\n<p><b>7)&nbsp;Plug Power(PLUG)</b> – The alternative energy provider lost 12 cents per share for its latest quarter, wider than the 8 cents a share loss analysts were expecting. Revenue also came in below estimates. The company said it was hurt by short-term issues – such as hydrogen shortages and the Texas freeze – which are abating in the current quarter. Plug Power shares gained 1.4% in premarket trading.</p>\n<p><b>8)&nbsp;Boeing(BA)</b> – Boeing announced the departure of lobbyist and political strategist Tim Keating. No reason was given for Keating’s departure, though the company said a search is underway for a permanent replacement. Keating was a key figure helping Boeing navigate the crisis that followed two fatal crashes of the company’s 737 Max jet.</p>\n<p><b>9)&nbsp;Delta Air Lines(DAL) </b>– Delta plans to hire 1,000 more pilots by next summer, according to an internal company memo. The move comes amid a rebound in travel, with Delta saying the leisure travel is already back to pre-pandemic levels and business travel is picking up as well.</p>\n<p><b>10)&nbsp;Lordstown Motors(RIDE)</b> – Lordstown remains on watch today following a 5.5% Monday drop. The electric vehicle maker’s executive chairman Angela Strand said the company is “evaluating strategic partners” as part of its search for new funding.</p>\n<p><b>11)&nbsp;Exxon Mobil(XOM) </b>– Exxon Mobil is denying a Bloomberg report that it plans to cut 5% to 10% of its office workforce annually over the next three to five years. Exxon told CNBC it is merely going through its annual employee assessments, which are unrelated to workforce reductions.</p>\n<p><b>12)&nbsp;CrowdStrike(CRWD) </b>– CrowdStrike was upgraded to “buy” from “hold” at Stifel Financial, which points to the cybersecurity company’s potential to increase profit margins and its ability to acquire new customers. CrowdStrike gained 2.8% in the premarket.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-22 19:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Stock futures rise to extend earlier gains.</li>\n <li>Torchlight Energy Price Gains Premarket.</li>\n <li>GameStop Jumps After Raising More Than $1 Billion in New Shares.</li>\n <li>GameStop, MicroVision, Sanderson Farms &amp; more made the biggest moves in the premarket.</li>\n</ul>\n<p>(June 22)&nbsp;Stock futures rose Tuesday morning to build on gains from a day earlier, with equities recovering from concerns over the path forward for monetary policy last week.</p>\n<p>At 7:47&nbsp;a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&amp;P 500 e-minis were up 5.75 points, or 0.14%, and Nasdaq 100 e-minis were up 39.25 points, or 0.28%.</p>\n<p><img src=\"https://static.tigerbbs.com/127a76b6bde89676371162b1b268b550\" tg-width=\"1242\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms &amp; more</b></p>\n<p><b>1)&nbsp;GameStop(GME)</b> – The videogame retailer's stock jumped 6.8% in the premarket after it had announced it had completed a previously announced sale of 5 million common shares, raising $1.126 billion.</p>\n<p><b>2)&nbsp;MicroVision(MVIS)</b> – MicroVision shares slid 10.8% in the premarket after the laser technology company said it would sell up to $140 million of stock \"from time to time\" and use the funds for general corporate purposes.</p>\n<p><b>3)&nbsp;Sanderson Farms(SAFM) </b>– Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. The paper said the poultry producer has already drawn interest from suitors such as agricultural investment firm Continental Grain. The stock surged 10% in premarket action.</p>\n<p><b>4)&nbsp;Torchlight Energy Resources(TRCH)</b> – Torchlight shares gained another 4.9% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits.</p>\n<p><b>5)&nbsp;Alphabet(GOOGL) </b>– The European Unionhas opened a formal antitrust probeof Google's digital ad practices. Part of the investigation will cover some of the same areas involved in a case filed by several U.S. states against the Alphabet operation last year.</p>\n<p><b>6)&nbsp;Korn Ferry(KFY)</b> – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Revenue topped Wall Street forecasts as well, boosted by its services that help businesses with organizational issues.</p>\n<p><b>7)&nbsp;Plug Power(PLUG)</b> – The alternative energy provider lost 12 cents per share for its latest quarter, wider than the 8 cents a share loss analysts were expecting. Revenue also came in below estimates. The company said it was hurt by short-term issues – such as hydrogen shortages and the Texas freeze – which are abating in the current quarter. Plug Power shares gained 1.4% in premarket trading.</p>\n<p><b>8)&nbsp;Boeing(BA)</b> – Boeing announced the departure of lobbyist and political strategist Tim Keating. No reason was given for Keating’s departure, though the company said a search is underway for a permanent replacement. Keating was a key figure helping Boeing navigate the crisis that followed two fatal crashes of the company’s 737 Max jet.</p>\n<p><b>9)&nbsp;Delta Air Lines(DAL) </b>– Delta plans to hire 1,000 more pilots by next summer, according to an internal company memo. The move comes amid a rebound in travel, with Delta saying the leisure travel is already back to pre-pandemic levels and business travel is picking up as well.</p>\n<p><b>10)&nbsp;Lordstown Motors(RIDE)</b> – Lordstown remains on watch today following a 5.5% Monday drop. The electric vehicle maker’s executive chairman Angela Strand said the company is “evaluating strategic partners” as part of its search for new funding.</p>\n<p><b>11)&nbsp;Exxon Mobil(XOM) </b>– Exxon Mobil is denying a Bloomberg report that it plans to cut 5% to 10% of its office workforce annually over the next three to five years. Exxon told CNBC it is merely going through its annual employee assessments, which are unrelated to workforce reductions.</p>\n<p><b>12)&nbsp;CrowdStrike(CRWD) </b>– CrowdStrike was upgraded to “buy” from “hold” at Stifel Financial, which points to the cybersecurity company’s potential to increase profit margins and its ability to acquire new customers. CrowdStrike gained 2.8% in the premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110726798","content_text":"Stock futures rise to extend earlier gains.\nTorchlight Energy Price Gains Premarket.\nGameStop Jumps After Raising More Than $1 Billion in New Shares.\nGameStop, MicroVision, Sanderson Farms & more made the biggest moves in the premarket.\n\n(June 22) Stock futures rose Tuesday morning to build on gains from a day earlier, with equities recovering from concerns over the path forward for monetary policy last week.\nAt 7:47 a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&P 500 e-minis were up 5.75 points, or 0.14%, and Nasdaq 100 e-minis were up 39.25 points, or 0.28%.\n\nStocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms & more\n1) GameStop(GME) – The videogame retailer's stock jumped 6.8% in the premarket after it had announced it had completed a previously announced sale of 5 million common shares, raising $1.126 billion.\n2) MicroVision(MVIS) – MicroVision shares slid 10.8% in the premarket after the laser technology company said it would sell up to $140 million of stock \"from time to time\" and use the funds for general corporate purposes.\n3) Sanderson Farms(SAFM) – Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. The paper said the poultry producer has already drawn interest from suitors such as agricultural investment firm Continental Grain. The stock surged 10% in premarket action.\n4) Torchlight Energy Resources(TRCH) – Torchlight shares gained another 4.9% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits.\n5) Alphabet(GOOGL) – The European Unionhas opened a formal antitrust probeof Google's digital ad practices. Part of the investigation will cover some of the same areas involved in a case filed by several U.S. states against the Alphabet operation last year.\n6) Korn Ferry(KFY) – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Revenue topped Wall Street forecasts as well, boosted by its services that help businesses with organizational issues.\n7) Plug Power(PLUG) – The alternative energy provider lost 12 cents per share for its latest quarter, wider than the 8 cents a share loss analysts were expecting. Revenue also came in below estimates. The company said it was hurt by short-term issues – such as hydrogen shortages and the Texas freeze – which are abating in the current quarter. Plug Power shares gained 1.4% in premarket trading.\n8) Boeing(BA) – Boeing announced the departure of lobbyist and political strategist Tim Keating. No reason was given for Keating’s departure, though the company said a search is underway for a permanent replacement. Keating was a key figure helping Boeing navigate the crisis that followed two fatal crashes of the company’s 737 Max jet.\n9) Delta Air Lines(DAL) – Delta plans to hire 1,000 more pilots by next summer, according to an internal company memo. The move comes amid a rebound in travel, with Delta saying the leisure travel is already back to pre-pandemic levels and business travel is picking up as well.\n10) Lordstown Motors(RIDE) – Lordstown remains on watch today following a 5.5% Monday drop. The electric vehicle maker’s executive chairman Angela Strand said the company is “evaluating strategic partners” as part of its search for new funding.\n11) Exxon Mobil(XOM) – Exxon Mobil is denying a Bloomberg report that it plans to cut 5% to 10% of its office workforce annually over the next three to five years. Exxon told CNBC it is merely going through its annual employee assessments, which are unrelated to workforce reductions.\n12) CrowdStrike(CRWD) – CrowdStrike was upgraded to “buy” from “hold” at Stifel Financial, which points to the cybersecurity company’s potential to increase profit margins and its ability to acquire new customers. CrowdStrike gained 2.8% in the premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832922922,"gmtCreate":1629562974566,"gmtModify":1676530071253,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Yay","listText":"Yay","text":"Yay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/832922922","repostId":"2161149745","repostType":4,"repost":{"id":"2161149745","pubTimestamp":1629498960,"share":"https://ttm.financial/m/news/2161149745?lang=&edition=fundamental","pubTime":"2021-08-21 06:36","market":"us","language":"en","title":"Bitcoin rises 5 percent to $49,106","url":"https://stock-news.laohu8.com/highlight/detail?id=2161149745","media":"StreetInsider","summary":"(Reuters) - Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous","content":"<p><img src=\"https://static.tigerbbs.com/e0b53399a7d28656bb2d3f7824cf0bea\" tg-width=\"200\" tg-height=\"135\" referrerpolicy=\"no-referrer\"></p>\n<p>(Reuters) - Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close.</p>\n<p>Bitcoin, the world's biggest and best-known cryptocurrency, is up 77.4% from the year's low of $27,734 on Jan. 4.</p>\n<p>Ether, the coin linked to the ethereum blockchain network, rose 3.03% to $3,281.82 on Friday, adding $96.64 to its previous close.</p>\n<p>(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sonya Hepinstall)</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin rises 5 percent to $49,106</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin rises 5 percent to $49,106\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-21 06:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18847810><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 77.4% from the year's low ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18847810\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18847810","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2161149745","content_text":"(Reuters) - Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 77.4% from the year's low of $27,734 on Jan. 4.\nEther, the coin linked to the ethereum blockchain network, rose 3.03% to $3,281.82 on Friday, adding $96.64 to its previous close.\n(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sonya Hepinstall)","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167692653,"gmtCreate":1624263684572,"gmtModify":1703831880622,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167692653","repostId":"1117073468","repostType":4,"repost":{"id":"1117073468","pubTimestamp":1624261389,"share":"https://ttm.financial/m/news/1117073468?lang=&edition=fundamental","pubTime":"2021-06-21 15:43","market":"us","language":"en","title":"Carnival: Ludicrous Mode","url":"https://stock-news.laohu8.com/highlight/detail?id=1117073468","media":"seekingalpha","summary":"Summary\n\nCarnival shares look tired in the current rally.\nWith its long-term debt situation continui","content":"<p><b>Summary</b></p>\n<ul>\n <li>Carnival shares look tired in the current rally.</li>\n <li>With its long-term debt situation continuing to worsen, and with it interest expense, the business is impaired.</li>\n <li>The current share price is pricing in a ludicrously unrealistic recovery.</li>\n</ul>\n<p>The cruise line stocks have been in the midst of a prolonged rally since the vaccine became a reality last fall. The group has soared, including one of its major constituents,<b>Carnival Corp.</b>(CCL). I’ve been critical of the valuations in the sector because I see overly optimistic investors bidding up the stocks of cruise operators without concern for the long-term damage that has been done to their business models. In the case of Carnival, that is very much the case, but the chart is suggesting caution is warranted as well.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c105625684d84d58f9e6641691a5cdf\" tg-width=\"640\" tg-height=\"615\" referrerpolicy=\"no-referrer\"><span>Source: StockCharts</span></p>\n<p>I’ve annotated a rectangular consolidation that has been forming since February, with the bottom near $24 and the top near $31. Rectangular consolidations following strong uptrends are bullish typically, so I would normally say Carnival is digesting gains and readying for a new push higher. But in this case, the rectangle was broken early this month, but the breakout failed.</p>\n<p>I’ve circled the area of the failed breakout, and shares have fallen quickly since then. That is a bearish sign because the bulls had the breakout, but failed to push the stock any higher.</p>\n<p>In addition, the accumulation/distribution line is neutral, which isn’t confirming the bull move, or the breakout attempt that occurred. The A/D line isn’t bearish, necessarily, but it isn’t confirming the bullish move that was attempted.</p>\n<p>In addition, the PPO is showing very strong negative divergences, which simply means it is declining while the price has been rising. That indicates bullish momentum is waning, and can often portend the end of a bullish move as rallies become less and less potent as time goes on.</p>\n<p>Taken together, these factors make it look to me like Carnival’s current move off of the November low is more likely to be complete than to continue. And given what I’ll discuss below about just how damaged Carnival is at this point, I’m sticking with my sell rating.</p>\n<p><b>Reality is setting in</b></p>\n<p>The cruise line stocks – among other highly discretionary groups – have been rallying on the prospect of the world’s economy reopening. That has happened to a large extent, but not for cruise lines, which continue to deal with heavy restrictions in most locales.</p>\n<p>That has led to several quarters in a row of Carnival producing essentially no revenue, but on the plus side, the company has setplansto continue to get its ships moving again. Keep in mind that Carnival isn’t anywhere near even a meaningfully sized fraction of its prior capacity, and won’t be for some time to come, at least into 2022. In addition, there will undoubtedly be restrictions in terms of spacing, cleaning measures, etc., that will drive operating costs that are higher than they otherwise would have been as a percentage of revenue. But that isn’t stopping the bulls from blindly bidding up the stock anyway.</p>\n<p>For some perspective on the matter, I think revenue revisions are extremely instructive.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/535c29d74125585f55ef2ce4bacbd615\" tg-width=\"640\" tg-height=\"285\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha</span></p>\n<p>The ever-plummeting orange line is the mean estimate for this year, and it continues to fall unabated. That’s because estimates for this were<i>always</i>too high, even before the pandemic, and analysts have continuously underestimated the negative impact of COVID on Carnival’s ability to generate revenue. In other words, the analyst community has been wrong<i>for years</i>on Carnival’s top line, and continues to lower estimates to try and keep pace. Thus, why should we believe there is some light at the end of the tunnel when Carnival has disappointed investors over and over again? That’s not a leap I’m willing to make.</p>\n<p>The out years have some upward kinks at the end of the lines, indicating some upward revisions, and that’s a good sign. It means that the worst of the revisions could be behind the company, but that assumes that you believe an analyst community that has gotten it wrong for years by being overly optimistic. Is this time different? Anything is possible. Is that something I’m willing to bet on? I think you know the answer to that.</p>\n<p>This has massive implications on the company’s ability to generate earnings because cruise lines operate with huge fixed and operating costs. Thus, volume is absolutely necessary to produce any sort of meaningful profits. We won’t get a read on the company’s new level of operating margins until at least next year, when some meaningful volume of cruises actually take place. But in the interim, there are some costs – both explicit and implicit – that we do have a handle on, and none of it is good news.</p>\n<p>Let’s begin with the balance sheet, which has been ravaged during this crisis.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5f65e836dfbd23b70e589bfee554867\" tg-width=\"640\" tg-height=\"169\" referrerpolicy=\"no-referrer\"><span>Source: TIKR.com</span></p>\n<p>Carnival had a huge amount of debt before the pandemic, checking in near $10 billion. Today, it’s nearly 3X that value and rising all the time, because Carnival is burning through huge amounts of cash every single day, and that won’t stop until the cruises start again in earnest. Carnival could easily have $30+ billion in debt before the cruises get going again, and for a company with ~$3 billion in normalizedoperating profit, there is essentially no hope of ever paying down that much debt. The only way Carnival could ever reduce debt back to prior levels is to issue even more common shares (more on that in just a bit), or asset sales, which would further exacerbate its revenue/profit situation.</p>\n<p>Further, we can see Carnival is now on the hook for ~$400 million in<i>quarterly</i>interest expense, an unbelievably huge sum when viewed in comparison to pre-pandemic levels.</p>\n<p>This will continue to rise into next year because Carnival has to keep borrowing as it burns through cash, waiting for the pandemic to end. We could see ~$2 billion in annual interest expense next year, which would be roughly two-thirds of normalized operating profit. And keep in mind I’m not suggesting Carnival will hit normalized operating profit next year; I’m simply providing context for the ruinously expensive hole Carnival is in right now with its financing situation.</p>\n<p>Finally, as if that weren’t enough, Carnival’s share count has ballooned during this crisis because it had no other sources of funds to keep the lights on.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ac33f6ea2957c3d3e64559f472488e5\" tg-width=\"640\" tg-height=\"168\"><span>Source: TIKR.com</span></p>\n<p>This means that when/if Carnival does start to produce profits again, it will have to produce a staggering ~70% more profit on a dollar basis just to line up equal to pre-pandemic levels of EPS. In other words, because today’s share count is 69% higher than it was at the end of February 2020 – before the share issuances began – each dollar of profit is spread over 69% more shares. That makes each share’s spread of the profits worth 69% less than it otherwise would have been.</p>\n<p><b>The extent of the problem</b></p>\n<p>This all leads us to valuing the stock, which points to only one conclusion for me; Carnival needs to pull way back from where it is today.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e59adf15d725fe2e89c45e9ff1c75742\" tg-width=\"640\" tg-height=\"286\"><span>Source:Seeking Alpha</span></p>\n<p>EPS revisions are hideously negative, similar to revenue, but that’s beside the point here. The company isn’t expected to produce any sort of meaningful earnings until 2023, and even out to 2026, is only at $3.11. But keep in mind that based upon Carnival’s EPS revision history, these estimates are almost certainly too high. But even if we take these at face value, buyers of the stock today are unbelievably optimistic.</p>\n<p>Fiscal 2018was the best year Carnival has ever had when measured by net income, which came to $3.15 billion. That’s a lot of money, and reflected extremely favorable macro factors for cruise lines, which Carnival took full advantage of. Now, we know the company is running at ~$1.5 billion in incremental interest expense over and above fiscal 2018, and we know that the share count is about 60% higher than fiscal 2018.</p>\n<p>If we assume Carnival will hit $3.15 billion in net income again, which would be a company record, that would be spread over ~60% more shares, which would put it in the area of $2.70 in EPS, not the $4.45 the company actually produced with that level of net income. Now, Carnival has to pay an additional $1.5 billion (give or take) in annual interest expense as well, so we’d actually need to see the company produce another $1.5 billion in operating profit over and above fiscal 2018,<i>just to get to $3.15 billion</i>in net income.</p>\n<p>To get to $4.45 again, Carnival would need to cover the additional $1.5 billion in interest expense, and the ~60% higher share count. That means that instead of the $3.4 billion in operating income Carnival produced that year, it would need nearly<i>$7 billion</i>in operating income to produce the same number (covering the incremental interest expense and higher share count).</p>\n<p>When we put all of this together, shareholders today are betting that Carnival will blow past prior records it had produced in terms of operating and net earnings, and that it has some way to sustain $30 billion in debt, and that it won’t simply continue to issue new shares of stock to fund itself.</p>\n<p>When laid out like this, I simply don’t understand anyone wanting to own Carnival. The current valuation implies a rapid ascent to new heights in terms of earnings, and that is not just imprudent, it is delusional. Carnival is in its own form ofLudicrous Mode, but in this case, that's not a good thing.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Carnival: Ludicrous Mode</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\">\nCarnival: Ludicrous Mode\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 15:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435729-carnival-ludicrous-mode><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nCarnival shares look tired in the current rally.\nWith its long-term debt situation continuing to worsen, and with it interest expense, the business is impaired.\nThe current share price is ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435729-carnival-ludicrous-mode\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CCL":"嘉年华邮轮"},"source_url":"https://seekingalpha.com/article/4435729-carnival-ludicrous-mode","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1117073468","content_text":"Summary\n\nCarnival shares look tired in the current rally.\nWith its long-term debt situation continuing to worsen, and with it interest expense, the business is impaired.\nThe current share price is pricing in a ludicrously unrealistic recovery.\n\nThe cruise line stocks have been in the midst of a prolonged rally since the vaccine became a reality last fall. The group has soared, including one of its major constituents,Carnival Corp.(CCL). I’ve been critical of the valuations in the sector because I see overly optimistic investors bidding up the stocks of cruise operators without concern for the long-term damage that has been done to their business models. In the case of Carnival, that is very much the case, but the chart is suggesting caution is warranted as well.\nSource: StockCharts\nI’ve annotated a rectangular consolidation that has been forming since February, with the bottom near $24 and the top near $31. Rectangular consolidations following strong uptrends are bullish typically, so I would normally say Carnival is digesting gains and readying for a new push higher. But in this case, the rectangle was broken early this month, but the breakout failed.\nI’ve circled the area of the failed breakout, and shares have fallen quickly since then. That is a bearish sign because the bulls had the breakout, but failed to push the stock any higher.\nIn addition, the accumulation/distribution line is neutral, which isn’t confirming the bull move, or the breakout attempt that occurred. The A/D line isn’t bearish, necessarily, but it isn’t confirming the bullish move that was attempted.\nIn addition, the PPO is showing very strong negative divergences, which simply means it is declining while the price has been rising. That indicates bullish momentum is waning, and can often portend the end of a bullish move as rallies become less and less potent as time goes on.\nTaken together, these factors make it look to me like Carnival’s current move off of the November low is more likely to be complete than to continue. And given what I’ll discuss below about just how damaged Carnival is at this point, I’m sticking with my sell rating.\nReality is setting in\nThe cruise line stocks – among other highly discretionary groups – have been rallying on the prospect of the world’s economy reopening. That has happened to a large extent, but not for cruise lines, which continue to deal with heavy restrictions in most locales.\nThat has led to several quarters in a row of Carnival producing essentially no revenue, but on the plus side, the company has setplansto continue to get its ships moving again. Keep in mind that Carnival isn’t anywhere near even a meaningfully sized fraction of its prior capacity, and won’t be for some time to come, at least into 2022. In addition, there will undoubtedly be restrictions in terms of spacing, cleaning measures, etc., that will drive operating costs that are higher than they otherwise would have been as a percentage of revenue. But that isn’t stopping the bulls from blindly bidding up the stock anyway.\nFor some perspective on the matter, I think revenue revisions are extremely instructive.\nSource:Seeking Alpha\nThe ever-plummeting orange line is the mean estimate for this year, and it continues to fall unabated. That’s because estimates for this werealwaystoo high, even before the pandemic, and analysts have continuously underestimated the negative impact of COVID on Carnival’s ability to generate revenue. In other words, the analyst community has been wrongfor yearson Carnival’s top line, and continues to lower estimates to try and keep pace. Thus, why should we believe there is some light at the end of the tunnel when Carnival has disappointed investors over and over again? That’s not a leap I’m willing to make.\nThe out years have some upward kinks at the end of the lines, indicating some upward revisions, and that’s a good sign. It means that the worst of the revisions could be behind the company, but that assumes that you believe an analyst community that has gotten it wrong for years by being overly optimistic. Is this time different? Anything is possible. Is that something I’m willing to bet on? I think you know the answer to that.\nThis has massive implications on the company’s ability to generate earnings because cruise lines operate with huge fixed and operating costs. Thus, volume is absolutely necessary to produce any sort of meaningful profits. We won’t get a read on the company’s new level of operating margins until at least next year, when some meaningful volume of cruises actually take place. But in the interim, there are some costs – both explicit and implicit – that we do have a handle on, and none of it is good news.\nLet’s begin with the balance sheet, which has been ravaged during this crisis.\nSource: TIKR.com\nCarnival had a huge amount of debt before the pandemic, checking in near $10 billion. Today, it’s nearly 3X that value and rising all the time, because Carnival is burning through huge amounts of cash every single day, and that won’t stop until the cruises start again in earnest. Carnival could easily have $30+ billion in debt before the cruises get going again, and for a company with ~$3 billion in normalizedoperating profit, there is essentially no hope of ever paying down that much debt. The only way Carnival could ever reduce debt back to prior levels is to issue even more common shares (more on that in just a bit), or asset sales, which would further exacerbate its revenue/profit situation.\nFurther, we can see Carnival is now on the hook for ~$400 million inquarterlyinterest expense, an unbelievably huge sum when viewed in comparison to pre-pandemic levels.\nThis will continue to rise into next year because Carnival has to keep borrowing as it burns through cash, waiting for the pandemic to end. We could see ~$2 billion in annual interest expense next year, which would be roughly two-thirds of normalized operating profit. And keep in mind I’m not suggesting Carnival will hit normalized operating profit next year; I’m simply providing context for the ruinously expensive hole Carnival is in right now with its financing situation.\nFinally, as if that weren’t enough, Carnival’s share count has ballooned during this crisis because it had no other sources of funds to keep the lights on.\nSource: TIKR.com\nThis means that when/if Carnival does start to produce profits again, it will have to produce a staggering ~70% more profit on a dollar basis just to line up equal to pre-pandemic levels of EPS. In other words, because today’s share count is 69% higher than it was at the end of February 2020 – before the share issuances began – each dollar of profit is spread over 69% more shares. That makes each share’s spread of the profits worth 69% less than it otherwise would have been.\nThe extent of the problem\nThis all leads us to valuing the stock, which points to only one conclusion for me; Carnival needs to pull way back from where it is today.\nSource:Seeking Alpha\nEPS revisions are hideously negative, similar to revenue, but that’s beside the point here. The company isn’t expected to produce any sort of meaningful earnings until 2023, and even out to 2026, is only at $3.11. But keep in mind that based upon Carnival’s EPS revision history, these estimates are almost certainly too high. But even if we take these at face value, buyers of the stock today are unbelievably optimistic.\nFiscal 2018was the best year Carnival has ever had when measured by net income, which came to $3.15 billion. That’s a lot of money, and reflected extremely favorable macro factors for cruise lines, which Carnival took full advantage of. Now, we know the company is running at ~$1.5 billion in incremental interest expense over and above fiscal 2018, and we know that the share count is about 60% higher than fiscal 2018.\nIf we assume Carnival will hit $3.15 billion in net income again, which would be a company record, that would be spread over ~60% more shares, which would put it in the area of $2.70 in EPS, not the $4.45 the company actually produced with that level of net income. Now, Carnival has to pay an additional $1.5 billion (give or take) in annual interest expense as well, so we’d actually need to see the company produce another $1.5 billion in operating profit over and above fiscal 2018,just to get to $3.15 billionin net income.\nTo get to $4.45 again, Carnival would need to cover the additional $1.5 billion in interest expense, and the ~60% higher share count. That means that instead of the $3.4 billion in operating income Carnival produced that year, it would need nearly$7 billionin operating income to produce the same number (covering the incremental interest expense and higher share count).\nWhen we put all of this together, shareholders today are betting that Carnival will blow past prior records it had produced in terms of operating and net earnings, and that it has some way to sustain $30 billion in debt, and that it won’t simply continue to issue new shares of stock to fund itself.\nWhen laid out like this, I simply don’t understand anyone wanting to own Carnival. The current valuation implies a rapid ascent to new heights in terms of earnings, and that is not just imprudent, it is delusional. Carnival is in its own form ofLudicrous Mode, but in this case, that's not a good thing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810120695,"gmtCreate":1629953728517,"gmtModify":1676530183073,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810120695","repostId":"1197778368","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124744228,"gmtCreate":1624798058964,"gmtModify":1703845278985,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/124744228","repostId":"1110293570","repostType":4,"repost":{"id":"1110293570","pubTimestamp":1624752188,"share":"https://ttm.financial/m/news/1110293570?lang=&edition=fundamental","pubTime":"2021-06-27 08:03","market":"us","language":"en","title":"Biden reiterates support for bipartisan infrastructure plan, clarifies he did not issue veto threat","url":"https://stock-news.laohu8.com/highlight/detail?id=1110293570","media":"CNBC","summary":"KEY POINTS\n\nPresident Joe Biden on Saturday said he doesn't plan to veto the bipartisan infrastructu","content":"<div>\n<p>KEY POINTS\n\nPresident Joe Biden on Saturday said he doesn't plan to veto the bipartisan infrastructure bill if it comes without a reconciliation package.\nThe president's statement walks back a ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/26/biden-reiterates-support-for-bipartisan-infrastructure-plan-did-not-threaten-veto.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden reiterates support for bipartisan infrastructure plan, clarifies he did not issue veto threat</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\">\nBiden reiterates support for bipartisan infrastructure plan, clarifies he did not issue veto threat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 08:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/26/biden-reiterates-support-for-bipartisan-infrastructure-plan-did-not-threaten-veto.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nPresident Joe Biden on Saturday said he doesn't plan to veto the bipartisan infrastructure bill if it comes without a reconciliation package.\nThe president's statement walks back a ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/26/biden-reiterates-support-for-bipartisan-infrastructure-plan-did-not-threaten-veto.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/06/26/biden-reiterates-support-for-bipartisan-infrastructure-plan-did-not-threaten-veto.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110293570","content_text":"KEY POINTS\n\nPresident Joe Biden on Saturday said he doesn't plan to veto the bipartisan infrastructure bill if it comes without a reconciliation package.\nThe president's statement walks back a declaration last week that he would refuse to sign the bipartisan legislation unless the two bills came in tandem.\n\"That statement understandably upset some Republicans, who do not see the two plans as linked,\" the president said in a statement.\n\nPresident Joe Biden on Saturday said he doesn't plan to veto a bipartisan infrastructure bill if it comes without a reconciliation package, walking back a declaration last week that he would refuse to sign it unless the two bills came in tandem.\nThe comment angered some Republican lawmakers, including Senate Minority Leader Mitch McConnell, who said the president was threatening to veto the bipartisan deal in remarks on the Senate floor on Thursday.\n\"That statement understandably upset some Republicans, who do not see the two plans as linked,\" the president said in a statement.\n\"My comments also created the impression that I was issuing a veto threat on the very plan I had just agreed to, which was certainly not my intent,\" the president said.\nA bipartisan group of lawmakers closed a deal on an infrastructure initiative Thursday following weeks of negotiations to craft a package that could get through Congress with Republican and Democratic support. The framework will include $579 billion in new spending to improve the country's roads, bridges and broadband.\nThe second bill would include funding for Democrat-backed issues like climate change, childcare, health care and education, issues that administration officials have called \"human infrastructure.\" It would be passed through a Senate process called reconciliation, which doesn't require Republican votes.\nHouse Speaker Nancy Pelosi, D-Calif., on Thursday morning said the House would not take up either piece of legislation until both are passed through the Senate. Democrats can't lose a single vote on a reconciliation bill in the evenly split chamber.\nBiden said he will ask Senate Majority Leader Chuck Schumer, D-N.Y., to schedule the infrastructure plan and the reconciliation bill for action in the Senate and expects them both to go to the House.\n\"Ultimately, I am confident that Congress will get both to my desk, so I can sign each bill promptly,\" Biden said.\nRead the president's full statement here:\nOn Thursday, I reached a historic agreement with a bipartisan group of Senators on a $1.2 trillion plan to transform our physical infrastructure. The plan would make the largest investment in infrastructure in history, the biggest investment in rail since the creation of Amtrak, and the largest investment in transit ever. It would fix roads and bridges, make critical investments in our clean energy future, and help this country compete with China and other economic rivals. It would replace lead water pipes in our schools and houses, and connect every American to high-speed internet. It would create millions of high-paying jobs that could not be outsourced.\nIn the days since, the primary focus in Washington has not been about the Plan's scope, scale or provisions—but rather, how it relates to other legislation before Congress: my American Families Plan. The American Families Plan—which would make historic investments in education, health care, child care, and tax cuts for families, coupled with other investments in care for our seniors, housing, and clean energy—has broad support with the American people, but not among Republicans in Congress.\nI have been clear from the start that it was my hope that the infrastructure plan could be one that Democrats and Republicans would work on together, while I would seek to pass my Families Plan and other provisions through the process known as reconciliation. There has been no doubt or ambiguity about my intention to proceed this way.\nAt a press conference after announcing the bipartisan agreement, I indicated that I would refuse to sign the infrastructure bill if it was sent to me without my Families Plan and other priorities, including clean energy. That statement understandably upset some Republicans, who do not see the two plans as linked; they are hoping to defeat my Families Plan—and do not want their support for the infrastructure plan to be seen as aiding passage of the Families Plan.\nMy comments also created the impression that I was issuing a veto threat on the very plan I had just agreed to, which was certainly not my intent. So to be clear: our bipartisan agreement does not preclude Republicans from attempting to defeat my Families Plan; likewise, they should have no objections to my devoted efforts to pass that Families Plan and other proposals in tandem. We will let the American people—and the Congress—decide.\nThe bottom line is this: I gave my word to support the Infrastructure Plan, and that's what I intend to do. I intend to pursue the passage of that plan, which Democrats and Republicans agreed to on Thursday, with vigor. It would be good for the economy, good for our country, good for our people. I fully stand behind it without reservation or hesitation.\nSome other Democrats have said they might oppose the Infrastructure Plan because it omits items they think are important: that is a mistake, in my view. Some Republicans now say that they might oppose the infrastructure plan because I am also trying to pass the American Families Plan: that is also a mistake, in my view. I intend to work hard to get both of them passed, because our country needs both—and I ran a winning campaign for President that promised to deliver on both. No one should be surprised that that is precisely what I am doing.\nI will ask Leader Schumer to schedule both the infrastructure plan and the reconciliation bill for action in the Senate. I expect both to go to the House, where I will work with Speaker Pelosi on the path forward after Senate action. Ultimately, I am confident that Congress will get both to my desk, so I can sign each bill promptly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123853403,"gmtCreate":1624417138502,"gmtModify":1703836044490,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123853403","repostId":"1164759713","repostType":4,"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810129882,"gmtCreate":1629953806046,"gmtModify":1676530183096,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BNGO\">$Bionano Genomics(BNGO)$</a>:))))","listText":"<a href=\"https://laohu8.com/S/BNGO\">$Bionano Genomics(BNGO)$</a>:))))","text":"$Bionano Genomics(BNGO)$:))))","images":[{"img":"https://static.tigerbbs.com/507afa53b8b19ddb641500ed91f61fd3","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810129882","isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":126303769,"gmtCreate":1624543509551,"gmtModify":1703839909842,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126303769","repostId":"2145448160","repostType":4,"repost":{"id":"2145448160","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624539192,"share":"https://ttm.financial/m/news/2145448160?lang=&edition=fundamental","pubTime":"2021-06-24 20:53","market":"us","language":"en","title":"Biden to meet with bipartisan senators to discuss infrastructure plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2145448160","media":"Reuters","summary":"WASHINGTON, June 24 (Reuters) - President Joe Biden will meet with a bipartisan group of U.S. senato","content":"<p>WASHINGTON, June 24 (Reuters) - President Joe Biden will meet with a bipartisan group of U.S. senators on Thursday to discuss their proposed framework for an infrastructure bill as he looks to push a large-scale spending package through Congress despite Republican opposition.</p>\n<p>Members of the group of 21 senators, or \"G-21,\" announced an agreement on a framework on Wednesday after a meeting with White House officials.</p>\n<p>Republican U.S. Senator Rob Portman, a member of the group, said they would see how the Democratic president responded and would work to sell the plan to other lawmakers in both political parties.</p>\n<p>\"I'm hopeful we can get a positive response from the White House today,\" he told CNBC in an interview.</p>\n<p>The two sides will meet at the White House at 11:45 a.m., the White House said in a statement.</p>\n<p>The G-21 talks have focused on a $1.2 trillion, eight-year spending plan, with a mix of new and repurposed funding.</p>\n<p>For Biden, securing a large-scale infrastructure package is a top domestic priority.</p>\n<p>The White House opened talks with the group after the Democratic president broke off negotiations with Republican Senator Shelley Capito. The White House said her proposals had fallen short of meeting \"the essential needs of our country\".</p>\n<p>Biden, seeking to fuel growth and address income inequality after the coronavirus pandemic, initially proposed spending about $2.3 trillion. Republicans chafed at his definition of infrastructure, which included fighting climate change and providing care for children and the elderly.</p>\n<p>The White House later trimmed the offer to about $1.7 trillion in an unsuccessful bid to win the Republican support needed for any plan to get the 60 votes required to advance most legislation in the evenly split 100-seat Senate.  \"We came to an agreement on a plan ... and we're just going to try to wrap it up tomorrow,\" Democratic Senator Joe Manchin told reporters on Wednesday of the new plan.</p>\n<p>A major sticking point had been how to pay for the investments. Biden has pledged not to increase taxes on Americans earning less than $400,000 a year, while Republicans are determined to protect a 2017 cut in corporate taxes.</p>\n<p>Manchin said the framework encompassed a \"long list\" of so-called pay-fors and that all new spending would be offset with provisions to cover it, but he offered no specifics.</p>\n<p>Congressional Democrats are operating on two tracks.</p>\n<p>While they welcomed a bipartisan deal that could win enough Republican support to clear the Senate, they are also planning to bring up a separate measure with significant additional spending on unconventional infrastructure programs, such as home healthcare for the elderly.</p>\n<p>That measure would be brought up under special Senate rules for budget bills that would allow it to pass without any Republican support. In that case, Vice President Kamala Harris would be called upon to cast the tie-breaking vote.</p>\n<p>(Additional reporting by David Morgan, Richard Cowan, Makini Brice and Susan Heavey; Writing by Tim Ahmann; Editing by Lincoln Feast)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden to meet with bipartisan senators to discuss infrastructure plan</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\">\nBiden to meet with bipartisan senators to discuss infrastructure plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-24 20:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 24 (Reuters) - President Joe Biden will meet with a bipartisan group of U.S. senators on Thursday to discuss their proposed framework for an infrastructure bill as he looks to push a large-scale spending package through Congress despite Republican opposition.</p>\n<p>Members of the group of 21 senators, or \"G-21,\" announced an agreement on a framework on Wednesday after a meeting with White House officials.</p>\n<p>Republican U.S. Senator Rob Portman, a member of the group, said they would see how the Democratic president responded and would work to sell the plan to other lawmakers in both political parties.</p>\n<p>\"I'm hopeful we can get a positive response from the White House today,\" he told CNBC in an interview.</p>\n<p>The two sides will meet at the White House at 11:45 a.m., the White House said in a statement.</p>\n<p>The G-21 talks have focused on a $1.2 trillion, eight-year spending plan, with a mix of new and repurposed funding.</p>\n<p>For Biden, securing a large-scale infrastructure package is a top domestic priority.</p>\n<p>The White House opened talks with the group after the Democratic president broke off negotiations with Republican Senator Shelley Capito. The White House said her proposals had fallen short of meeting \"the essential needs of our country\".</p>\n<p>Biden, seeking to fuel growth and address income inequality after the coronavirus pandemic, initially proposed spending about $2.3 trillion. Republicans chafed at his definition of infrastructure, which included fighting climate change and providing care for children and the elderly.</p>\n<p>The White House later trimmed the offer to about $1.7 trillion in an unsuccessful bid to win the Republican support needed for any plan to get the 60 votes required to advance most legislation in the evenly split 100-seat Senate.  \"We came to an agreement on a plan ... and we're just going to try to wrap it up tomorrow,\" Democratic Senator Joe Manchin told reporters on Wednesday of the new plan.</p>\n<p>A major sticking point had been how to pay for the investments. Biden has pledged not to increase taxes on Americans earning less than $400,000 a year, while Republicans are determined to protect a 2017 cut in corporate taxes.</p>\n<p>Manchin said the framework encompassed a \"long list\" of so-called pay-fors and that all new spending would be offset with provisions to cover it, but he offered no specifics.</p>\n<p>Congressional Democrats are operating on two tracks.</p>\n<p>While they welcomed a bipartisan deal that could win enough Republican support to clear the Senate, they are also planning to bring up a separate measure with significant additional spending on unconventional infrastructure programs, such as home healthcare for the elderly.</p>\n<p>That measure would be brought up under special Senate rules for budget bills that would allow it to pass without any Republican support. In that case, Vice President Kamala Harris would be called upon to cast the tie-breaking vote.</p>\n<p>(Additional reporting by David Morgan, Richard Cowan, Makini Brice and Susan Heavey; Writing by Tim Ahmann; Editing by Lincoln Feast)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145448160","content_text":"WASHINGTON, June 24 (Reuters) - President Joe Biden will meet with a bipartisan group of U.S. senators on Thursday to discuss their proposed framework for an infrastructure bill as he looks to push a large-scale spending package through Congress despite Republican opposition.\nMembers of the group of 21 senators, or \"G-21,\" announced an agreement on a framework on Wednesday after a meeting with White House officials.\nRepublican U.S. Senator Rob Portman, a member of the group, said they would see how the Democratic president responded and would work to sell the plan to other lawmakers in both political parties.\n\"I'm hopeful we can get a positive response from the White House today,\" he told CNBC in an interview.\nThe two sides will meet at the White House at 11:45 a.m., the White House said in a statement.\nThe G-21 talks have focused on a $1.2 trillion, eight-year spending plan, with a mix of new and repurposed funding.\nFor Biden, securing a large-scale infrastructure package is a top domestic priority.\nThe White House opened talks with the group after the Democratic president broke off negotiations with Republican Senator Shelley Capito. The White House said her proposals had fallen short of meeting \"the essential needs of our country\".\nBiden, seeking to fuel growth and address income inequality after the coronavirus pandemic, initially proposed spending about $2.3 trillion. Republicans chafed at his definition of infrastructure, which included fighting climate change and providing care for children and the elderly.\nThe White House later trimmed the offer to about $1.7 trillion in an unsuccessful bid to win the Republican support needed for any plan to get the 60 votes required to advance most legislation in the evenly split 100-seat Senate.  \"We came to an agreement on a plan ... and we're just going to try to wrap it up tomorrow,\" Democratic Senator Joe Manchin told reporters on Wednesday of the new plan.\nA major sticking point had been how to pay for the investments. Biden has pledged not to increase taxes on Americans earning less than $400,000 a year, while Republicans are determined to protect a 2017 cut in corporate taxes.\nManchin said the framework encompassed a \"long list\" of so-called pay-fors and that all new spending would be offset with provisions to cover it, but he offered no specifics.\nCongressional Democrats are operating on two tracks.\nWhile they welcomed a bipartisan deal that could win enough Republican support to clear the Senate, they are also planning to bring up a separate measure with significant additional spending on unconventional infrastructure programs, such as home healthcare for the elderly.\nThat measure would be brought up under special Senate rules for budget bills that would allow it to pass without any Republican support. In that case, Vice President Kamala Harris would be called upon to cast the tie-breaking vote.\n(Additional reporting by David Morgan, Richard Cowan, Makini Brice and Susan Heavey; Writing by Tim Ahmann; Editing by Lincoln Feast)","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166223538,"gmtCreate":1624013219524,"gmtModify":1703826538391,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hello! It’s a wonderful day","listText":"Hello! It’s a wonderful day","text":"Hello! It’s a wonderful day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/166223538","isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164082053,"gmtCreate":1624161635272,"gmtModify":1703829855580,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Welcome&nbsp;","listText":"Welcome&nbsp;","text":"Welcome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164082053","repostId":"1156696708","repostType":4,"repost":{"id":"1156696708","pubTimestamp":1624063306,"share":"https://ttm.financial/m/news/1156696708?lang=&edition=fundamental","pubTime":"2021-06-19 08:41","market":"us","language":"en","title":"Dow falls more than 500 points to close out its worst week since October","url":"https://stock-news.laohu8.com/highlight/detail?id=1156696708","media":"cnbc","summary":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since Octob","content":"<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow falls more than 500 points to close out its worst week since October</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\">\nDow falls more than 500 points to close out its worst week since October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 08:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1156696708","content_text":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-chip average dropped 533.37 points, or 1.6%, to 33,290.08. TheS&P 500slid 1.3% to 4,166.45. Both the Dow and S&P 500 hit their session lows in the final minutes of trading and closed around those levels. TheNasdaq Compositeclosed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.\nFor the week, the 30-stock Dow lost 3.5%. The S&P 500 and Nasdaq were down by 1.9% and 0.2%, respectively, week to date.\nSt. Louis Federal Reserve President Jim Bullardtold CNBC's \"Squawk Box\"on Friday it was natural for the Fed to tilt a little \"hawkish\" this week and that the first rate increase from the central bank would likely come in 2022. His comments came after the Fed on Wednesday added two rate hikes to its 2023 forecast and increased its inflation projection for the year, putting pressure on stock prices.\n\"The fear held by some investors is that if the Fed tightens policy sooner than expected to help cool inflationary pressures, this could weigh on future economic growth,\" Truist Advisory Services chief market strategist Keith Lerner said in a note. To be sure, he added it would be premature to give up on the so-called value trade right now.\nPockets of the market most sensitive to the economic rebound led the sell-off this week. The S&P 500 energy sector and industrials dropped 5.2% and 3.8%, respectively, for the week. Financials and materials meanwhile, lost more than 6% each. These groups had been market leaders this year on the back of the economic reopening.\nThe decline in stocks came as the Fed's actions caused a drastic flattening of the so-called Treasury yield curve. This means the yields of shorter-duration Treasurys — like the 2-year note — rose while longer-duration yields like the benchmark 10-year declined. The retreat in long-dated bond yields reflects less optimism toward economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.\nThis phenomenon hurt bank stocks particularly as their earnings could take a hit when the spread between short-term and long-term rates narrows. Bank of America and JPMorgan Chase shares on Friday lost more than 2% each. Citigroup fell by 1.8%, posting its 12th straight daily decline.\nFed Chairman Jerome Powell said Wednesday that officials have discussed tapering bond buying and would at some point begin slowing the asset purchases.\n\"This week's first whiff of an eventual change in Fed policy was a reminder that emergency monetary conditions and the free-money era will ultimately end,\" strategists at MRB Partners wrote in a note. \"We expect a series of incremental retreats from the Fed's benign inflation outlook in the coming months.\"\nCommodity prices were underpressure this weekas China attempted to cool rising prices and as the U.S. dollar strengthens. Copper, gold and platinum fell once again on Friday.\nFriday also coincided with the quarterly \"quadruple witching\" in which options and futures on indexes and equities expire. This event may have contributed to more volatile trading during the session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812293999,"gmtCreate":1630589000611,"gmtModify":1676530348478,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BNGO\">$Bionano Genomics(BNGO)$</a>???","listText":"<a href=\"https://laohu8.com/S/BNGO\">$Bionano Genomics(BNGO)$</a>???","text":"$Bionano 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Disney :)","listText":"Walt Disney :)","text":"Walt Disney :)","images":[{"img":"https://static.tigerbbs.com/abcc8a62df1f4ad167cc36c0f7d06c6b","width":"1125","height":"2843"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832188311","isVote":1,"tweetType":1,"viewCount":256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":832181347,"gmtCreate":1629598298389,"gmtModify":1676530076017,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNPR\">$Tortoise Acquisition II Corp(SNPR)$</a>:)","listText":"<a href=\"https://laohu8.com/S/SNPR\">$Tortoise Acquisition II Corp(SNPR)$</a>:)","text":"$Tortoise Acquisition II Corp(SNPR)$:)","images":[{"img":"https://static.tigerbbs.com/94a2953d8e545f2b54e92c97d00b6b76","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832181347","isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":125996904,"gmtCreate":1624639658008,"gmtModify":1703842624336,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125996904","repostId":"2146073358","repostType":4,"repost":{"id":"2146073358","pubTimestamp":1624628400,"share":"https://ttm.financial/m/news/2146073358?lang=&edition=fundamental","pubTime":"2021-06-25 21:40","market":"us","language":"en","title":"These 3 Stocks Will Double -- If You Trust Wall Street's Bulls","url":"https://stock-news.laohu8.com/highlight/detail?id=2146073358","media":"Motley Fool","summary":"Looking for big winners can be a rewarding pursuit.","content":"<blockquote>\n Looking for big winners can be a rewarding pursuit.\n</blockquote>\n<p>Most investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to produce amazing results, it can be a game changer for your entire investing strategy.</p>\n<p>Wall Street analysts definitely aren't the end-all and be-all of investing. They're just as fallible as any other investor. However, using analyst research as a starting point for your own consideration of a stock can be a smart move.</p>\n<p>Below, we'll take a closer look at threetech stocksthat Wall Street's most optimistic analysts believe will double, with an eye toward deciding whether their bullish views are realistic.</p>\n<h3>1. Baidu</h3>\n<p><b>Baidu</b>(NASDAQ:BIDU)has been a stock market favorite for a long time, but the stock has been exceptionally volatile in recent years. The Chinese internet-search specialist saw its share price soar from 2013 to 2018, only to lose 75% between 2018 and 2020. Even in just the past several months, Baidu's stock has been exceptionally volatile, with shares tripling between October and February and then falling by nearly half since then.</p>\n<p>Some analysts are still optimistic about Baidu's prospects. With shares trading at around $195, the top price target on Wall Street, which comes from<b>Barclays</b>, is $400 per share. That would be more than a double from current levels.</p>\n<p>The key to Baidu's renaissance in the eyes of Barclays is its success in working on artificial intelligence and cloud computing. For years,Baidu coasted on its internet-search success, allowing its peers in the Chinese internet space to pass it by. However, Barclays is optimistic that Baidu can catch up, with initiatives like the Apollo software platform for autonomous vehicles paving the way for new growth.</p>\n<p>Concerns that Baidu and other Chinese stocks might get delisted from U.S. stock exchanges are fading fast, and that's cluing value investors into the potential these companies have. WithBaidu offering a relative bargain, the Chinese internet stock looks attractive.</p>\n<h3>2. Micron Technology</h3>\n<p>Soaring demand for computing capacity has sent prices of memory chips soaring, and that's been a big boon for<b>Micron Technology</b>(NASDAQ:MU). The stock price doubled between September 2020 and April 2021, and despite a small pullback, longtime Micron shareholders have held onto most of their gains.</p>\n<p>Yet analysts see more upside ahead. The most ambitious, Rosenblatt Securities, believesMicron stock could gofrom its current level around $81 per share to $165 over the next year.</p>\n<p>The big question for Micron is how long the upward cycle in the semiconductor chip market will last. The industry is notoriously cyclical, with companies like Micron responding to shortages like this by dramatically boosting production capacity. Inevitably, the result is a glut of chips when market conditions normalize, and that creates huge waves in earnings that make apparently cheap multiples look like value traps when industry conditions turn downward.</p>\n<p>For now, though, all signs point to continued strong demand. With chip shortages still reported in several key markets, Micron could have a long way to climb before overcapacity rears its ugly head and leads to an intermediate-term top for the stock.</p>\n<h3>3. Splunk</h3>\n<p>Last but not least,<b>Splunk</b>(NASDAQ:SPLK)has been a volatile stock lately. The data-analytics company recently saw its stock drop back to its March 2020 lows. Even after a sizable bounce, shares remain between 30% and 40% below their best levels from last summer.</p>\n<p>Yet some analysts see a big recovery coming from Splunk. The most optimistic pick forecasts a rise to $300 per share, which would be an all-time high for the stock.</p>\n<p>Splunk recently made news with a big vote of confidencefrom a major institutional investor. Private equity company Silver Lake made a $1 billion investment in the company, purchasing convertible notes that will give Silver Lake the ability to profit from future share-price increases. Splunk intends to take the $1 billion in proceeds to buy back shares, recognizing its own opinion that its stock is undervalued.</p>\n<p>Data analytics has been highly competitive, andSplunk hasn't been able to keep up with some of its peers. However, if the company can restart its growth engines and start catching up with the competition, it could see its stock price reflect more optimism.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 Stocks Will Double -- If You Trust Wall Street's Bulls</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\">\nThese 3 Stocks Will Double -- If You Trust Wall Street's Bulls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 21:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Looking for big winners can be a rewarding pursuit.\n\nMost investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPLK":"Splunk Inc","BIDU":"百度","MU":"美光科技"},"source_url":"https://www.fool.com/investing/2021/06/25/these-3-stocks-will-double-trust-wall-street-bulls/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146073358","content_text":"Looking for big winners can be a rewarding pursuit.\n\nMost investors find that the bulk of their returns come from just a few of their investments. When you can find stocks that have the potential to produce amazing results, it can be a game changer for your entire investing strategy.\nWall Street analysts definitely aren't the end-all and be-all of investing. They're just as fallible as any other investor. However, using analyst research as a starting point for your own consideration of a stock can be a smart move.\nBelow, we'll take a closer look at threetech stocksthat Wall Street's most optimistic analysts believe will double, with an eye toward deciding whether their bullish views are realistic.\n1. Baidu\nBaidu(NASDAQ:BIDU)has been a stock market favorite for a long time, but the stock has been exceptionally volatile in recent years. The Chinese internet-search specialist saw its share price soar from 2013 to 2018, only to lose 75% between 2018 and 2020. Even in just the past several months, Baidu's stock has been exceptionally volatile, with shares tripling between October and February and then falling by nearly half since then.\nSome analysts are still optimistic about Baidu's prospects. With shares trading at around $195, the top price target on Wall Street, which comes fromBarclays, is $400 per share. That would be more than a double from current levels.\nThe key to Baidu's renaissance in the eyes of Barclays is its success in working on artificial intelligence and cloud computing. For years,Baidu coasted on its internet-search success, allowing its peers in the Chinese internet space to pass it by. However, Barclays is optimistic that Baidu can catch up, with initiatives like the Apollo software platform for autonomous vehicles paving the way for new growth.\nConcerns that Baidu and other Chinese stocks might get delisted from U.S. stock exchanges are fading fast, and that's cluing value investors into the potential these companies have. WithBaidu offering a relative bargain, the Chinese internet stock looks attractive.\n2. Micron Technology\nSoaring demand for computing capacity has sent prices of memory chips soaring, and that's been a big boon forMicron Technology(NASDAQ:MU). The stock price doubled between September 2020 and April 2021, and despite a small pullback, longtime Micron shareholders have held onto most of their gains.\nYet analysts see more upside ahead. The most ambitious, Rosenblatt Securities, believesMicron stock could gofrom its current level around $81 per share to $165 over the next year.\nThe big question for Micron is how long the upward cycle in the semiconductor chip market will last. The industry is notoriously cyclical, with companies like Micron responding to shortages like this by dramatically boosting production capacity. Inevitably, the result is a glut of chips when market conditions normalize, and that creates huge waves in earnings that make apparently cheap multiples look like value traps when industry conditions turn downward.\nFor now, though, all signs point to continued strong demand. With chip shortages still reported in several key markets, Micron could have a long way to climb before overcapacity rears its ugly head and leads to an intermediate-term top for the stock.\n3. Splunk\nLast but not least,Splunk(NASDAQ:SPLK)has been a volatile stock lately. The data-analytics company recently saw its stock drop back to its March 2020 lows. Even after a sizable bounce, shares remain between 30% and 40% below their best levels from last summer.\nYet some analysts see a big recovery coming from Splunk. The most optimistic pick forecasts a rise to $300 per share, which would be an all-time high for the stock.\nSplunk recently made news with a big vote of confidencefrom a major institutional investor. Private equity company Silver Lake made a $1 billion investment in the company, purchasing convertible notes that will give Silver Lake the ability to profit from future share-price increases. Splunk intends to take the $1 billion in proceeds to buy back shares, recognizing its own opinion that its stock is undervalued.\nData analytics has been highly competitive, andSplunk hasn't been able to keep up with some of its peers. However, if the company can restart its growth engines and start catching up with the competition, it could see its stock price reflect more optimism.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164086040,"gmtCreate":1624161615680,"gmtModify":1703829853962,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164086040","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161251892,"gmtCreate":1623930610116,"gmtModify":1703823766045,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161251892","repostId":"1160956168","repostType":4,"repost":{"id":"1160956168","pubTimestamp":1623907651,"share":"https://ttm.financial/m/news/1160956168?lang=&edition=fundamental","pubTime":"2021-06-17 13:27","market":"us","language":"en","title":"Qualcomm Vs. MediaTek: Battle Of Smartphone Chipmakers","url":"https://stock-news.laohu8.com/highlight/detail?id=1160956168","media":"seekingalpha","summary":"Summary\n\nQualcomm and MediaTek are distinct brands in the smartphone chipset market supplying the cr","content":"<p><b>Summary</b></p>\n<ul>\n <li>Qualcomm and MediaTek are distinct brands in the smartphone chipset market supplying the crucial application processors essential for smartphones to function.</li>\n <li>We analysed the market leadership trends in terms of their market share of the smartphone application processor market.</li>\n <li>Another factor is the performance advantage and profitability where Qualcomm commands superior margins.</li>\n <li>Qualcomm is also more diversified and seeking to expand into the automotive computing platform market, leveraging its Snapdragon capabilities to support ADAS and AV.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e7f1469414dad95779725028eb74a20\" tg-width=\"1536\" tg-height=\"1024\"><span>Gumpanat/iStock via Getty Images</span></p>\n<p>In the smartphone market, both Qualcomm Incorporated(NASDAQ:QCOM)and MediaTek Inc.(OTCPK:MDTKF)are prominent suppliers of application processors which is a chipset essential to power a smartphone device. In terms of market share, both companies are dominant players, accounting for over 50% of the smartphone application processor market combined. Qualcomm has its renowned Snapdragon series of chipsets while MediaTek has the featured Helios and expanded Dimensity lineup. However, MediaTek has been more successful with its lineup, securing design wins with major smartphone manufacturers leading to it gaining share at the expense of Qualcomm.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/baebb940df0829e4a7d45434b92e2556\" tg-width=\"640\" tg-height=\"360\"><span>Source: Qualcomm, MediaTek</span></p>\n<p>MediaTek’s market share gains have been impressive and are attributed to its cost-effective Dimensity series, which the company has introduced with 5G compatibility. Its expanded lineup has secured design wins with key customers such as Xiaomi (OTCPK:XIACF), Samsung (OTC:SSNLF), and Oppo. MediaTek is also gaining popularity in developing markets where it has edged out Qualcomm for market leadership in markets including China, LATAM, EMEA, and India. However, we highlighted Qualcomm’s performance advantage leading to superior profitability with higher margins. Fundamentally, both SoCs consist of ARM-based CPU but Qualcomm uses a 5nm process technology for its latest and most advanced Snapdragon 888 powering the premium-tier smartphones.</p>\n<p>Besides the smartphone market, Qualcomm is also setting its sights to expand into the automotive market where it is planning to leverage its CPU and GPU expertise to extend the Snapdragon capabilities to handle ADAS and self-driving technologies and competing against Nvidia(NASDAQ:NVDA)and Intel’s(NASDAQ:INTC)Mobileye, whereas MediaTek maintains a more focused approach on the smartphone markets which faces the threat of stagnation owing to high smartphone ownership rates. Finally, we compared the company’s financials and applied a DCF analysis to value both companies.</p>\n<p><b>MediaTek Stealing Qualcomm’s Crown by Supplying Chinese Smartphone Manufacturers</b></p>\n<p>In 2020, MediaTek overtook Qualcomm to be the largest smartphone application processor supplier. While both companies remain as leaders of the global smartphone application processor market, MediaTek has displayed rapid growth whereas Qualcomm’s market share leadership has eroded since 2018. This trend is attributed to several factors including growing orders from key smartphone OEMs, the Huawei ban, and the company’s expanded 5G portfolio with the Dimensity 800 series targeted towards low to mid-tier devices. Based on the market share chart below, MediaTek has been gaining market share while Qualcomm’s market leadership has eroded. Though, the impact on Qualcomm has been cushioned by Samsung’s decision to outsource rather than using its unpopular&nbsp;Exynos&nbsp;chip among fans.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3b3de8666b0c748b1ba6d7c64374cd7\" tg-width=\"640\" tg-height=\"360\"><span>Source:Counterpoint Research</span></p>\n<p>Both companies supply to Samsung, Xiaomi, Oppo, and Vivo. These are key customers for Samsung,representing&nbsp;more than 10% of revenues each according to its annual report. On the other hand, MediaTek does not disclose its revenue contribution figures from customers. However, MediaTek has witnessed tremendous growth from Xiaomi and Samsung as it secured design wins to supply these companies with its newly launched 5G smartphone chipsets as well as trade tension pressures leading Chinese chipmakers to diversify their supply chain from the US-based Qualcomm. Additionally, Qualcomm was reported to have faced supply chain issues due to the production&nbsp;shutdown&nbsp;of Samsung’s Austin fab in Q1 2021, which manufactures some of Qualcomm’s chips. In terms of shipments, Xiaomi was the company’s biggest customer and reportedly shipped 223% more smartphones with the company’s chips as compared to 2019. Oppo was MediaTek’s second-biggest customer in 2020, shipping 19% more chips than 2019. Samsung also saw demand for MediaTek smartphones grow by over 250% in 2020 over 2019 while demand for Qualcomm declined by 53% based on estimates derived from its market shares.</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Top Customers</b></p></td>\n   <td><p><b>Qualcomm 2020 Shipments ('mln)</b></p></td>\n   <td><p><b>Growth (%)</b></p></td>\n   <td><p><b>MediaTek 2020 Shipments ('mln')</b></p></td>\n   <td><p><b>Growth (%)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Xiaomi</p></td>\n   <td><p>82.9</p></td>\n   <td><p>-21%</p></td>\n   <td><p>63.7</p></td>\n   <td><p>223%</p></td>\n  </tr>\n  <tr>\n   <td><p>Oppo</p></td>\n   <td><p>56.5</p></td>\n   <td><p>-23%</p></td>\n   <td><p>55.3</p></td>\n   <td><p>19%</p></td>\n  </tr>\n  <tr>\n   <td><p>Samsung</p></td>\n   <td><p>22.7</p></td>\n   <td><p>-53%</p></td>\n   <td><p>43.3</p></td>\n   <td><p>255%</p></td>\n  </tr>\n </tbody>\n</table>\n<p><i>Source:GSM Arena,SamMobile,Xiaomi,Counterpoint Research</i></p>\n<p>The exposure that MediaTek has obtained from its relationship with Chinese smartphone manufacturers, Xiaomi and Oppo, has been highly beneficial as these companies are cannibalizing Huawei’s sales which have felt the impact of the trade embargo by the US. As shown in the chart below, Chinese smartphone competitors have gained market share at the expense of Huawei.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/019a25e2375e21aee3c43ca63a7cf67f\" tg-width=\"640\" tg-height=\"366\"><span>Source:Counterpoint Research</span></p>\n<p>Besides winning Chinese smartphone manufacturers, another factor that is attributable to the rise in MediaTek is in developing countries where its affordable chipsets are seeing rising adoption. This is evident in the largest smartphone market in the world,China, accounting for 26.6% of global smartphone shipments. Here, MediaTek’s market share among China’s 5G smartphones has risen rapidly in 2020 with the expansion of its 5G lineup and design wins by Chinese smartphone manufacturers. At the end of Q4 2020, it has attained a market share of 40.4% which is ahead of Qualcomm at 20.1%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c1d61a11ca7e352dd632fd9d0826655\" tg-width=\"640\" tg-height=\"440\"><span>Source:IDC</span></p>\n<p>Besides China, other developing&nbsp;regions&nbsp;are seeing rising adoption of MediaTek’s application processors. This includes LATAM, MEA, and India, where MediaTek has become the largest supplier of smartphone chipsets ahead of Qualcomm with its affordable 5G lineup. Also, the chart highlights Samsung’s Exynos chip decreasing market share as it outsources instead.</p>\n<p><b>Market Share Growth by Region</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ba4ad6a0e12444c1be33ff36bd4d1182\" tg-width=\"640\" tg-height=\"364\"><span>Source:Counterpoint Research</span></p>\n<p>Moreover, the developing countries make up some of the largest smartphone markets globally with China, India, Indonesia, and Brazil being among the top 5 markets. These growth markets are only about 60% penetrated in terms of smartphone ownership. India has the lowest penetration at only 31.8%, which shows a significant opportunity for high potential for growth in the country. In 2020, the global smartphone market wasvaluedat $714.96 bln and is forecasted to grow at a CAGR of 11.2%.</p>\n<p><b>Worldwide Smartphone Sales by Region ('mln')</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Region</b></p></td>\n   <td><p><b>2020</b></p></td>\n   <td><p><b>2021F</b></p></td>\n   <td><p><b>Growth (%)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Eastern Europe</p></td>\n   <td><p>43</p></td>\n   <td><p>49</p></td>\n   <td><p>14.91%</p></td>\n  </tr>\n  <tr>\n   <td><p>Emerging Asia/Pacific</p></td>\n   <td><p>337</p></td>\n   <td><p>366</p></td>\n   <td><p>8.61%</p></td>\n  </tr>\n  <tr>\n   <td><p>Eurasia</p></td>\n   <td><p>43</p></td>\n   <td><p>47</p></td>\n   <td><p>8.71%</p></td>\n  </tr>\n  <tr>\n   <td><p>Greater China</p></td>\n   <td><p>368</p></td>\n   <td><p>410</p></td>\n   <td><p>11.40%</p></td>\n  </tr>\n  <tr>\n   <td><p>Latin America</p></td>\n   <td><p>116</p></td>\n   <td><p>134</p></td>\n   <td><p>15.52%</p></td>\n  </tr>\n  <tr>\n   <td><p>Mature Asia/Pacific</p></td>\n   <td><p>26</p></td>\n   <td><p>30</p></td>\n   <td><p>15.76%</p></td>\n  </tr>\n  <tr>\n   <td><p>Middle East and North Africa</p></td>\n   <td><p>71</p></td>\n   <td><p>79</p></td>\n   <td><p>10.68%</p></td>\n  </tr>\n  <tr>\n   <td><p>North America</p></td>\n   <td><p>136</p></td>\n   <td><p>152</p></td>\n   <td><p>11.37%</p></td>\n  </tr>\n  <tr>\n   <td><p>Sub-Saharan Africa</p></td>\n   <td><p>84</p></td>\n   <td><p>94</p></td>\n   <td><p>11.67%</p></td>\n  </tr>\n  <tr>\n   <td><p>Western Europe</p></td>\n   <td><p>125</p></td>\n   <td><p>143</p></td>\n   <td><p>13.85%</p></td>\n  </tr>\n  <tr>\n   <td><p>Japan</p></td>\n   <td><p>27</p></td>\n   <td><p>30</p></td>\n   <td><p>10.90%</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Grand Total</b></p></td>\n   <td><p><b>1,379</b></p></td>\n   <td><p><b>1,535</b></p></td>\n   <td><p><b>11.36%</b></p></td>\n  </tr>\n </tbody>\n</table>\n<p><i>Source:Gartner, Khaveen Investments</i></p>\n<p>Overall, MediaTek has been able to deepen its relationship with Chinese smartphone manufacturers by securing new design wins with its expanded 5G Dimensity lineup while Qualcomm, which has had an early advantage, is starting to feel the pinch from MediaTek. This has also enabled MediaTek to secure large parts of the developing markets including China, LATAM, MEA, and India which account for over 60% of the smartphone market. These factors are attributable to MediaTek’s rising share in the past 3 years and edging out Qualcomm’s market leadership.</p>\n<p><b>Qualcomm Still Maintains Superior Technology with Greater Profitability</b></p>\n<p>Although MediaTek has claimed market leadership over Qualcomm, another aspect that contrasts both companies are in terms of performance. Historically, Qualcomm has maintained an edge over MediaTek in terms of application processor&nbsp;performance. However, both companies utilize the same ARM-based processors. Qualcomm derives its performance advantage from its process technology at the premium tier and the Adreno GPU&nbsp;component&nbsp;of its SoC which is more customized than MediaTek.</p>\n<p>To compare the performance of the companies’ chipsets, we referred to benchmarks from Centurion Mark, which is a well-regarded benchmark used to analyze the performance of each series of application processors. Centurion Mark is&nbsp;determined&nbsp;by testing the processors on over 20 different parameters. Some of these parameters such as User Experience and Raw CPU Performance have a significant impact on the score while there are some minor parameters as well that make a little difference (For example, Dual VoLTE Support). These are the 5 major factors that influence Centurion Mark: User Experience, Real-World Performance, Raw CPU Performance, Raw GPU Performance, Features and Technologies Present. The graphs below show the centurion mark for both Qualcomm and MediaTek chips. Based on the centurion mark, Qualcomm appears to have better performing chipsets with a higher score.</p>\n<p><img src=\"https://static.tigerbbs.com/fd0a178f080cf09e36e490ae449474d8\" tg-width=\"568\" tg-height=\"562\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0443c6cb35170d9e3fac3453232a7ca0\" tg-width=\"567\" tg-height=\"506\"><span>Source: Tech Centurion</span></p>\n<p>For the premium tier, the Snapdragon 888 is Qualcomm’s latest and most advanced chipset which is compared to MediaTek’s Dimensity 1000 series. The Snapdragon 888 has a Centurion Mark score of 156 which is higher than Dimensity 1000 at up to 150 only. Specification wise, both chips have the same number of ARM Cortex cores but the fundamentaldifferencesbetween these chipsets are the process technology used to manufacture them. Qualcomm uses a 5nm process by Samsung while MediaTek uses 6nm for the Dimensity chip leading to better CPU performance and battery life from more efficient power consumption. Additionally, Qualcomm’s Adreno GPUs are semi-customed by Qualcomm while MediaTek uses a standard ARM Mali GPU which also explains the better GPU performance for Qualcomm.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a22e12404ab1ff32846a8b255243dd5d\" tg-width=\"640\" tg-height=\"277\"><span>Source:NanoReview</span></p>\n<p>The reason this performance advantage for Qualcomm is significant is because of the superior profitability it commands. In terms of pricing, Qualcomm’s average chip price is $51.70 which is significantly higher than MediaTek’s average chip price of $32.55. We calculated this price by dividing the revenue by the total shipments of 2020.</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Company</b></p></td>\n   <td><p><b>Revenue ($ mln)</b></p></td>\n   <td><p><b>Shipments ('mln')</b></p></td>\n   <td><p><b>Average Chipset Price ($)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Qualcomm</p></td>\n   <td><p>16,493</p></td>\n   <td><p>319</p></td>\n   <td><p>$51.70</p></td>\n  </tr>\n  <tr>\n   <td><p>MediaTek</p></td>\n   <td><p>11,457</p></td>\n   <td><p>352</p></td>\n   <td><p>$32.55</p></td>\n  </tr>\n </tbody>\n</table>\n<p><i>Source: Qualcomm, MediaTek,Omdia</i></p>\n<p>This higher pricing power of Qualcomm improves its margins as the company has about 60% gross margins. In comparison, MediaTek’s gross margins are only about 42%. This difference shows that although MediaTek has more shipments and is currently the market leader, Qualcomm is the more profitable company.</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Company</b></p></td>\n   <td><p><b>Gross Margins (%)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Qualcomm</p></td>\n   <td><p>60.67%</p></td>\n  </tr>\n  <tr>\n   <td><p>MediaTek</p></td>\n   <td><p>41.85%</p></td>\n  </tr>\n </tbody>\n</table>\n<p><i>Source: Qualcomm, MediaTek</i></p>\n<p>That said, the performance advantage is likely less to price sensitive consumers in the lower-tier market which is why MediaTek is still gaining market share. Additionally, MediaTek is also believed to be beefing up its Dimensity series with the help of TSMC touseits 5nm process technology which may close the performance gap with Qualcomm in future lineups. However, Qualcomm is still the superior company in terms of performance and commands higher profitability. Moreover, the high-end smartphone market share is expected to remain stable as seen in the chart below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d38124fca0411397058ef95c3bd86e82\" tg-width=\"640\" tg-height=\"353\"><span>Source:Statista</span></p>\n<p><b>Expansion Opportunities Beyond Smartphones with Automotive SoCs</b></p>\n<p>Apart from emerging markets, the ownership rate of smartphones is already at a mature rate in more developed countries. In 2020, the global smartphonepenetration rateis estimated to be around 78%. This presents a long-term risk to both companies which depend heavily on the smartphone application processor market. However, Qualcomm has a relatively more diversified business structure and intends to expand into the automotive chipset market.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e8e41da4ba837719eb1c665e3e2d965\" tg-width=\"640\" tg-height=\"360\"><span>Source: Qualcomm, MediaTek</span></p>\n<p>Qualcomm leverages its wireless and connectivity expertise to cater to the automotive infotainment chip market. In 2021, the company and General Motors(NYSE:GM)announced an agreement for the Qualcomm Snapdragon Automotive Cockpit Platforms to power digital cockpits and next-generation telematics systems. Moreover, the company is seeking to expand into the ADAS and AV chip market, leveraging its CPU and GPU capabilities and competing against Nvidia’s DRIVE and Intel’s Mobileye. The company intends to scale its Snapdragon automotive processor for ADAS and self-driving vehicles promising performances of up to 700 TOPs. Management claims that its Snapdragon Ride ADAS system could be&nbsp;launched&nbsp;by 2022. In relation, the company is&nbsp;partnering&nbsp;with Veoneer (VNE), a previous partner of Nvidia, which provides ADAS and AV solutions including its Arriver software which the companies plan to integrate with the Snapdragon Ride Platform. In terms of design wins, Mobileye and Nvidia have secured a greater network of automakers compared to Qualcomm. The company is believed to have landed&nbsp;GM&nbsp;as a major customer to implement its ADAS.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/46454ca65fd58bb6d2cb7cade4c6ff80\" tg-width=\"640\" tg-height=\"370\"><span>Source:Forbes</span></p>\n<p>According to Navigant Research, the research firm ranks Nvidia and Intel Mobileye ahead of Qualcomm in the automotive self-driving compute platform but still a leader in this area. Overall, Qualcomm has set its sights in the automotive market in contrast to MediaTek which remains focused on the smartphone market. This means that Qualcomm is in a better position to reap the benefits of the rising global automotive chip market size which is&nbsp;forecasted&nbsp;to reach $56.24 bln by 2025, growing at a CAGR of 10.7%, driven by rising ADAS applications.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/caaee72690ad5a003eaca38e87582254\" tg-width=\"640\" tg-height=\"526\"><span>Source:Navigant Research</span></p>\n<p><b>Trade Tensions Risk Impacting the Smartphone Application Processor Market</b></p>\n<p>Comparing both companies’ revenue breakdown by region, both Qualcomm and MediaTek derive a significant portion of their revenues from the Asia Pacific region with Qualcomm making 59% of revenue from China.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df35cbb1079862cef39b51c87aeb6b2f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Qualcomm, MediaTek</span></p>\n<p>We believe the greatest risk for Qualcomm is the escalating trade tensions between the US and China. In 2020, the company was&nbsp;barred&nbsp;from doing business with Huawei like other US companies until it was later modified to allow older generation 4G chips to be supplied to Huawei. This may have provided some relief for Qualcomm but the restriction on 5G technology remaining in place affects both Qualcomm and Huawei negatively. Though, the wider implication of rising dispute between the two largest economies may impact Qualcomm. This is the case where other Chinese smartphone manufacturers may be diversifying their supply chain benefitting MediaTek to prevent the threat of trade embargoes against them in the future. If trade tensions continue to escalate between the countries’ governments, Qualcomm stands to lose as it is heavily reliant on the Chinese market. Additionally, this could lead to a shift that may see MediaTek benefit from orders redirected from Qualcomm to it by Chinese manufacturers.</p>\n<p><b>Valuation</b></p>\n<p>The 5-year average revenue growth of Qualcomm is -1.3%. The 5-year average gross and net margins are 59.3% and 10.68%, respectively.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55dd3ee9656dd75e9f78a5ddbdeae78f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Qualcomm, Khaveen Investments</span></p>\n<p>The 5-year average revenue growth of MediaTek is 13.6%. The 5-year average gross and net margins are 39.1% and 9.92%, respectively.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/630f67ef59ab999c05edb8f2b2f91069\" tg-width=\"640\" tg-height=\"360\"><span>Source: MediaTek, Khaveen Investments</span></p>\n<p>Qualcomm’s 5-year average free cash flow margin is 37.71%. The extremely high positive capex in 2017 is due to the sale of marketable securities for $41,715 mln.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4cc8b1511f2dec7af834c157c61abac6\" tg-width=\"640\" tg-height=\"360\"><span>Source: Qualcomm, Khaveen Investments</span></p>\n<p>In comparison, MediaTek’s 5-year average free cash flow margin is lower than Qualcomm at 12.95%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41b88ceac81579cc2483ede843d90b22\" tg-width=\"640\" tg-height=\"360\"><span>Source: MediaTek, Khaveen Investments</span></p>\n<p>Since both companies have positive free cash flows, we used a DCF model to accurately value the companies. The industry average EV/EBITDA is 16.96x, as shown in the table below.</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Company</b></p></td>\n   <td><p><b>EV/EBITDA</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Qualcomm</p></td>\n   <td><p>15.03x</p></td>\n  </tr>\n  <tr>\n   <td><p>MediaTek</p></td>\n   <td><p>20.52x</p></td>\n  </tr>\n  <tr>\n   <td><p>Qorvo (QRVO)</p></td>\n   <td><p>15.04x</p></td>\n  </tr>\n  <tr>\n   <td><p>Skyworks (SWKS)</p></td>\n   <td><p>15.61x</p></td>\n  </tr>\n  <tr>\n   <td><p>Broadcom (AVGO)</p></td>\n   <td><p>18.61x</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Average</b></p></td>\n   <td><p><b>16.96x</b></p></td>\n  </tr>\n </tbody>\n</table>\n<p><i>Source: Seeking Alpha</i></p>\n<p>The revenue projections for Qualcomm in 2021 are based on the prorated figure. We used the revenues obtained in the first 2 quarters, along with the third quarterguidance, to forecast the full year revenue. For 2022 and 2023, the forecasted revenues are based on the market CAGR for each of the segments. The handset and RFFE segment is expected togrowat 11% which is the market forecast for the global smartphone application processor market. The QTL segment is also based on the same growth rate as the segments are interlinked. The IoT segment is expected togrowat 14.9% which is the market forecast for the global IoT chip market. Similarly, the automotive segment is expected togrowat 10.7% which is the global automotive chip market CAGR. Overall, the revenue growth for 2021 is forecasted at 46%. For 2022 and 2023, the revenue growth forecast is 11% and 12%, respectively.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2c510460160ce7ca980bbb9ff6c4571\" tg-width=\"606\" tg-height=\"762\"><span>Source:Market Research Future,Grand View Research,GlobeNewswire,Qualcomm,KhaveenInvestments</span></p>\n<p>For MediaTek’s revenue projections, we based the 2021 forecast based on companyguidanceof 40% year-on-year growth in revenue. For 2022 and 2023, we based the revenue growth on the global smartphone application processor market CAGR of 11%. Based on these forecasts, the revenue growth for 2021 is 40%, with 2022 and 2023 revenue growth at 11%.</p>\n<table>\n <tbody></tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>MediaTek Revenue Segments (USD mln)</b></p></td>\n   <td><p><b>2020</b></p></td>\n   <td><p><b>2021F</b></p></td>\n   <td><p><b>2022F</b></p></td>\n   <td><p><b>2023F</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Multimedia Chipsets</p></td>\n   <td><p>11,292</p></td>\n   <td><p>15,809</p></td>\n   <td><p>17,548</p></td>\n   <td><p>19,479</p></td>\n  </tr>\n  <tr>\n   <td><p>Others</p></td>\n   <td><p>165</p></td>\n   <td><p>231</p></td>\n   <td><p>256</p></td>\n   <td><p>285</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Total</b></p></td>\n   <td><p><b>11,457</b></p></td>\n   <td><p><b>16,040</b></p></td>\n   <td><p><b>17,805</b></p></td>\n   <td><p><b>19,763</b></p></td>\n  </tr>\n  <tr>\n   <td><p><b>Growth (%)</b></p></td>\n   <td><p><b>40%</b></p></td>\n   <td><p><b>11%</b></p></td>\n   <td><p><b>11%</b></p></td>\n  </tr>\n </tbody>\n</table>\n<p><i>Source:Market Research Future,MediaTek, Khaveen Investments</i></p>\n<p>Based on Qualcomm’s discount rate of 13% (company’s WACC), the upside is 25.55%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d09f4e18715408e3895f867a667c193\" tg-width=\"640\" tg-height=\"360\"><span>Source: Khaveen Investments</span></p>\n<p>Based on MediaTek’s discount rate of 9.2% (company’s WACC), the upside is -4.74%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d470f7bb3468f096da5e905de91de957\" tg-width=\"640\" tg-height=\"360\"><span>Source: Khaveen Investments</span></p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Company</b></p></td>\n   <td><p><b>Current Price</b></p></td>\n   <td><p><b>Target Price</b></p></td>\n   <td><p><b>Upside (%)</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Qualcomm</p></td>\n   <td><p>$134.54</p></td>\n   <td><p>$168.93</p></td>\n   <td><p>25.55%</p></td>\n  </tr>\n  <tr>\n   <td><p>MediaTek</p></td>\n   <td><p>TWD978.36</p></td>\n   <td><p>TWD1,021</p></td>\n   <td><p>-4.74%</p></td>\n  </tr>\n </tbody>\n</table>\n<p><i>Source: Khaveen Investments</i></p>\n<p><b>Verdict</b></p>\n<p>The market share trends are favouring MediaTek due to its expanded product lineup of affordable 5G chipsets securing design wins with Chinese smartphone manufacturers and Samsung. This is also significant as Chinese smartphone manufacturers are cannibalizing Huawei’s market positioning. This has also enabled it to gain ground in developing markets where smartphone ownership rates are still low compared to more developed regions. Despite that, we believe Qualcomm still edges out over MediaTek as it has superior profitability and maintains a performance advantage over MediaTek. Qualcomm’s focus on R&amp;D and strong relationship with foundries solidified the Snapdragon 888’s performance advantage to cater to the premium tier and leading to higher margins than MediaTek. Additionally, Qualcomm is building on its efforts to leverage the Snapdragon platform across adjacent markets, especially in automotive where it is developing an auto compute platform with ADAS and AV capabilities, while MediaTek remains focused on the smartphone market. Overall, we rate Qualcomm as a Buy with a target price of $168.93 and MediaTek as a Hold with a target price of TWD1,021.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Qualcomm Vs. MediaTek: Battle Of Smartphone Chipmakers</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\">\nQualcomm Vs. MediaTek: Battle Of Smartphone Chipmakers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435058-qualcomm-vs-mediatek-battle-of-smartphone-chipmakers><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nQualcomm and MediaTek are distinct brands in the smartphone chipset market supplying the crucial application processors essential for smartphones to function.\nWe analysed the market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435058-qualcomm-vs-mediatek-battle-of-smartphone-chipmakers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QCOM":"高通"},"source_url":"https://seekingalpha.com/article/4435058-qualcomm-vs-mediatek-battle-of-smartphone-chipmakers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160956168","content_text":"Summary\n\nQualcomm and MediaTek are distinct brands in the smartphone chipset market supplying the crucial application processors essential for smartphones to function.\nWe analysed the market leadership trends in terms of their market share of the smartphone application processor market.\nAnother factor is the performance advantage and profitability where Qualcomm commands superior margins.\nQualcomm is also more diversified and seeking to expand into the automotive computing platform market, leveraging its Snapdragon capabilities to support ADAS and AV.\n\nGumpanat/iStock via Getty Images\nIn the smartphone market, both Qualcomm Incorporated(NASDAQ:QCOM)and MediaTek Inc.(OTCPK:MDTKF)are prominent suppliers of application processors which is a chipset essential to power a smartphone device. In terms of market share, both companies are dominant players, accounting for over 50% of the smartphone application processor market combined. Qualcomm has its renowned Snapdragon series of chipsets while MediaTek has the featured Helios and expanded Dimensity lineup. However, MediaTek has been more successful with its lineup, securing design wins with major smartphone manufacturers leading to it gaining share at the expense of Qualcomm.\nSource: Qualcomm, MediaTek\nMediaTek’s market share gains have been impressive and are attributed to its cost-effective Dimensity series, which the company has introduced with 5G compatibility. Its expanded lineup has secured design wins with key customers such as Xiaomi (OTCPK:XIACF), Samsung (OTC:SSNLF), and Oppo. MediaTek is also gaining popularity in developing markets where it has edged out Qualcomm for market leadership in markets including China, LATAM, EMEA, and India. However, we highlighted Qualcomm’s performance advantage leading to superior profitability with higher margins. Fundamentally, both SoCs consist of ARM-based CPU but Qualcomm uses a 5nm process technology for its latest and most advanced Snapdragon 888 powering the premium-tier smartphones.\nBesides the smartphone market, Qualcomm is also setting its sights to expand into the automotive market where it is planning to leverage its CPU and GPU expertise to extend the Snapdragon capabilities to handle ADAS and self-driving technologies and competing against Nvidia(NASDAQ:NVDA)and Intel’s(NASDAQ:INTC)Mobileye, whereas MediaTek maintains a more focused approach on the smartphone markets which faces the threat of stagnation owing to high smartphone ownership rates. Finally, we compared the company’s financials and applied a DCF analysis to value both companies.\nMediaTek Stealing Qualcomm’s Crown by Supplying Chinese Smartphone Manufacturers\nIn 2020, MediaTek overtook Qualcomm to be the largest smartphone application processor supplier. While both companies remain as leaders of the global smartphone application processor market, MediaTek has displayed rapid growth whereas Qualcomm’s market share leadership has eroded since 2018. This trend is attributed to several factors including growing orders from key smartphone OEMs, the Huawei ban, and the company’s expanded 5G portfolio with the Dimensity 800 series targeted towards low to mid-tier devices. Based on the market share chart below, MediaTek has been gaining market share while Qualcomm’s market leadership has eroded. Though, the impact on Qualcomm has been cushioned by Samsung’s decision to outsource rather than using its unpopular Exynos chip among fans.\nSource:Counterpoint Research\nBoth companies supply to Samsung, Xiaomi, Oppo, and Vivo. These are key customers for Samsung,representing more than 10% of revenues each according to its annual report. On the other hand, MediaTek does not disclose its revenue contribution figures from customers. However, MediaTek has witnessed tremendous growth from Xiaomi and Samsung as it secured design wins to supply these companies with its newly launched 5G smartphone chipsets as well as trade tension pressures leading Chinese chipmakers to diversify their supply chain from the US-based Qualcomm. Additionally, Qualcomm was reported to have faced supply chain issues due to the production shutdown of Samsung’s Austin fab in Q1 2021, which manufactures some of Qualcomm’s chips. In terms of shipments, Xiaomi was the company’s biggest customer and reportedly shipped 223% more smartphones with the company’s chips as compared to 2019. Oppo was MediaTek’s second-biggest customer in 2020, shipping 19% more chips than 2019. Samsung also saw demand for MediaTek smartphones grow by over 250% in 2020 over 2019 while demand for Qualcomm declined by 53% based on estimates derived from its market shares.\n\n\n\nTop Customers\nQualcomm 2020 Shipments ('mln)\nGrowth (%)\nMediaTek 2020 Shipments ('mln')\nGrowth (%)\n\n\nXiaomi\n82.9\n-21%\n63.7\n223%\n\n\nOppo\n56.5\n-23%\n55.3\n19%\n\n\nSamsung\n22.7\n-53%\n43.3\n255%\n\n\n\nSource:GSM Arena,SamMobile,Xiaomi,Counterpoint Research\nThe exposure that MediaTek has obtained from its relationship with Chinese smartphone manufacturers, Xiaomi and Oppo, has been highly beneficial as these companies are cannibalizing Huawei’s sales which have felt the impact of the trade embargo by the US. As shown in the chart below, Chinese smartphone competitors have gained market share at the expense of Huawei.\nSource:Counterpoint Research\nBesides winning Chinese smartphone manufacturers, another factor that is attributable to the rise in MediaTek is in developing countries where its affordable chipsets are seeing rising adoption. This is evident in the largest smartphone market in the world,China, accounting for 26.6% of global smartphone shipments. Here, MediaTek’s market share among China’s 5G smartphones has risen rapidly in 2020 with the expansion of its 5G lineup and design wins by Chinese smartphone manufacturers. At the end of Q4 2020, it has attained a market share of 40.4% which is ahead of Qualcomm at 20.1%.\nSource:IDC\nBesides China, other developing regions are seeing rising adoption of MediaTek’s application processors. This includes LATAM, MEA, and India, where MediaTek has become the largest supplier of smartphone chipsets ahead of Qualcomm with its affordable 5G lineup. Also, the chart highlights Samsung’s Exynos chip decreasing market share as it outsources instead.\nMarket Share Growth by Region\nSource:Counterpoint Research\nMoreover, the developing countries make up some of the largest smartphone markets globally with China, India, Indonesia, and Brazil being among the top 5 markets. These growth markets are only about 60% penetrated in terms of smartphone ownership. India has the lowest penetration at only 31.8%, which shows a significant opportunity for high potential for growth in the country. In 2020, the global smartphone market wasvaluedat $714.96 bln and is forecasted to grow at a CAGR of 11.2%.\nWorldwide Smartphone Sales by Region ('mln')\n\n\n\nRegion\n2020\n2021F\nGrowth (%)\n\n\nEastern Europe\n43\n49\n14.91%\n\n\nEmerging Asia/Pacific\n337\n366\n8.61%\n\n\nEurasia\n43\n47\n8.71%\n\n\nGreater China\n368\n410\n11.40%\n\n\nLatin America\n116\n134\n15.52%\n\n\nMature Asia/Pacific\n26\n30\n15.76%\n\n\nMiddle East and North Africa\n71\n79\n10.68%\n\n\nNorth America\n136\n152\n11.37%\n\n\nSub-Saharan Africa\n84\n94\n11.67%\n\n\nWestern Europe\n125\n143\n13.85%\n\n\nJapan\n27\n30\n10.90%\n\n\nGrand Total\n1,379\n1,535\n11.36%\n\n\n\nSource:Gartner, Khaveen Investments\nOverall, MediaTek has been able to deepen its relationship with Chinese smartphone manufacturers by securing new design wins with its expanded 5G Dimensity lineup while Qualcomm, which has had an early advantage, is starting to feel the pinch from MediaTek. This has also enabled MediaTek to secure large parts of the developing markets including China, LATAM, MEA, and India which account for over 60% of the smartphone market. These factors are attributable to MediaTek’s rising share in the past 3 years and edging out Qualcomm’s market leadership.\nQualcomm Still Maintains Superior Technology with Greater Profitability\nAlthough MediaTek has claimed market leadership over Qualcomm, another aspect that contrasts both companies are in terms of performance. Historically, Qualcomm has maintained an edge over MediaTek in terms of application processor performance. However, both companies utilize the same ARM-based processors. Qualcomm derives its performance advantage from its process technology at the premium tier and the Adreno GPU component of its SoC which is more customized than MediaTek.\nTo compare the performance of the companies’ chipsets, we referred to benchmarks from Centurion Mark, which is a well-regarded benchmark used to analyze the performance of each series of application processors. Centurion Mark is determined by testing the processors on over 20 different parameters. Some of these parameters such as User Experience and Raw CPU Performance have a significant impact on the score while there are some minor parameters as well that make a little difference (For example, Dual VoLTE Support). These are the 5 major factors that influence Centurion Mark: User Experience, Real-World Performance, Raw CPU Performance, Raw GPU Performance, Features and Technologies Present. The graphs below show the centurion mark for both Qualcomm and MediaTek chips. Based on the centurion mark, Qualcomm appears to have better performing chipsets with a higher score.\n\nSource: Tech Centurion\nFor the premium tier, the Snapdragon 888 is Qualcomm’s latest and most advanced chipset which is compared to MediaTek’s Dimensity 1000 series. The Snapdragon 888 has a Centurion Mark score of 156 which is higher than Dimensity 1000 at up to 150 only. Specification wise, both chips have the same number of ARM Cortex cores but the fundamentaldifferencesbetween these chipsets are the process technology used to manufacture them. Qualcomm uses a 5nm process by Samsung while MediaTek uses 6nm for the Dimensity chip leading to better CPU performance and battery life from more efficient power consumption. Additionally, Qualcomm’s Adreno GPUs are semi-customed by Qualcomm while MediaTek uses a standard ARM Mali GPU which also explains the better GPU performance for Qualcomm.\nSource:NanoReview\nThe reason this performance advantage for Qualcomm is significant is because of the superior profitability it commands. In terms of pricing, Qualcomm’s average chip price is $51.70 which is significantly higher than MediaTek’s average chip price of $32.55. We calculated this price by dividing the revenue by the total shipments of 2020.\n\n\n\nCompany\nRevenue ($ mln)\nShipments ('mln')\nAverage Chipset Price ($)\n\n\nQualcomm\n16,493\n319\n$51.70\n\n\nMediaTek\n11,457\n352\n$32.55\n\n\n\nSource: Qualcomm, MediaTek,Omdia\nThis higher pricing power of Qualcomm improves its margins as the company has about 60% gross margins. In comparison, MediaTek’s gross margins are only about 42%. This difference shows that although MediaTek has more shipments and is currently the market leader, Qualcomm is the more profitable company.\n\n\n\nCompany\nGross Margins (%)\n\n\nQualcomm\n60.67%\n\n\nMediaTek\n41.85%\n\n\n\nSource: Qualcomm, MediaTek\nThat said, the performance advantage is likely less to price sensitive consumers in the lower-tier market which is why MediaTek is still gaining market share. Additionally, MediaTek is also believed to be beefing up its Dimensity series with the help of TSMC touseits 5nm process technology which may close the performance gap with Qualcomm in future lineups. However, Qualcomm is still the superior company in terms of performance and commands higher profitability. Moreover, the high-end smartphone market share is expected to remain stable as seen in the chart below.\nSource:Statista\nExpansion Opportunities Beyond Smartphones with Automotive SoCs\nApart from emerging markets, the ownership rate of smartphones is already at a mature rate in more developed countries. In 2020, the global smartphonepenetration rateis estimated to be around 78%. This presents a long-term risk to both companies which depend heavily on the smartphone application processor market. However, Qualcomm has a relatively more diversified business structure and intends to expand into the automotive chipset market.\nSource: Qualcomm, MediaTek\nQualcomm leverages its wireless and connectivity expertise to cater to the automotive infotainment chip market. In 2021, the company and General Motors(NYSE:GM)announced an agreement for the Qualcomm Snapdragon Automotive Cockpit Platforms to power digital cockpits and next-generation telematics systems. Moreover, the company is seeking to expand into the ADAS and AV chip market, leveraging its CPU and GPU capabilities and competing against Nvidia’s DRIVE and Intel’s Mobileye. The company intends to scale its Snapdragon automotive processor for ADAS and self-driving vehicles promising performances of up to 700 TOPs. Management claims that its Snapdragon Ride ADAS system could be launched by 2022. In relation, the company is partnering with Veoneer (VNE), a previous partner of Nvidia, which provides ADAS and AV solutions including its Arriver software which the companies plan to integrate with the Snapdragon Ride Platform. In terms of design wins, Mobileye and Nvidia have secured a greater network of automakers compared to Qualcomm. The company is believed to have landed GM as a major customer to implement its ADAS.\nSource:Forbes\nAccording to Navigant Research, the research firm ranks Nvidia and Intel Mobileye ahead of Qualcomm in the automotive self-driving compute platform but still a leader in this area. Overall, Qualcomm has set its sights in the automotive market in contrast to MediaTek which remains focused on the smartphone market. This means that Qualcomm is in a better position to reap the benefits of the rising global automotive chip market size which is forecasted to reach $56.24 bln by 2025, growing at a CAGR of 10.7%, driven by rising ADAS applications.\nSource:Navigant Research\nTrade Tensions Risk Impacting the Smartphone Application Processor Market\nComparing both companies’ revenue breakdown by region, both Qualcomm and MediaTek derive a significant portion of their revenues from the Asia Pacific region with Qualcomm making 59% of revenue from China.\nSource: Qualcomm, MediaTek\nWe believe the greatest risk for Qualcomm is the escalating trade tensions between the US and China. In 2020, the company was barred from doing business with Huawei like other US companies until it was later modified to allow older generation 4G chips to be supplied to Huawei. This may have provided some relief for Qualcomm but the restriction on 5G technology remaining in place affects both Qualcomm and Huawei negatively. Though, the wider implication of rising dispute between the two largest economies may impact Qualcomm. This is the case where other Chinese smartphone manufacturers may be diversifying their supply chain benefitting MediaTek to prevent the threat of trade embargoes against them in the future. If trade tensions continue to escalate between the countries’ governments, Qualcomm stands to lose as it is heavily reliant on the Chinese market. Additionally, this could lead to a shift that may see MediaTek benefit from orders redirected from Qualcomm to it by Chinese manufacturers.\nValuation\nThe 5-year average revenue growth of Qualcomm is -1.3%. The 5-year average gross and net margins are 59.3% and 10.68%, respectively.\nSource: Qualcomm, Khaveen Investments\nThe 5-year average revenue growth of MediaTek is 13.6%. The 5-year average gross and net margins are 39.1% and 9.92%, respectively.\nSource: MediaTek, Khaveen Investments\nQualcomm’s 5-year average free cash flow margin is 37.71%. The extremely high positive capex in 2017 is due to the sale of marketable securities for $41,715 mln.\nSource: Qualcomm, Khaveen Investments\nIn comparison, MediaTek’s 5-year average free cash flow margin is lower than Qualcomm at 12.95%.\nSource: MediaTek, Khaveen Investments\nSince both companies have positive free cash flows, we used a DCF model to accurately value the companies. The industry average EV/EBITDA is 16.96x, as shown in the table below.\n\n\n\nCompany\nEV/EBITDA\n\n\nQualcomm\n15.03x\n\n\nMediaTek\n20.52x\n\n\nQorvo (QRVO)\n15.04x\n\n\nSkyworks (SWKS)\n15.61x\n\n\nBroadcom (AVGO)\n18.61x\n\n\nAverage\n16.96x\n\n\n\nSource: Seeking Alpha\nThe revenue projections for Qualcomm in 2021 are based on the prorated figure. We used the revenues obtained in the first 2 quarters, along with the third quarterguidance, to forecast the full year revenue. For 2022 and 2023, the forecasted revenues are based on the market CAGR for each of the segments. The handset and RFFE segment is expected togrowat 11% which is the market forecast for the global smartphone application processor market. The QTL segment is also based on the same growth rate as the segments are interlinked. The IoT segment is expected togrowat 14.9% which is the market forecast for the global IoT chip market. Similarly, the automotive segment is expected togrowat 10.7% which is the global automotive chip market CAGR. Overall, the revenue growth for 2021 is forecasted at 46%. For 2022 and 2023, the revenue growth forecast is 11% and 12%, respectively.\nSource:Market Research Future,Grand View Research,GlobeNewswire,Qualcomm,KhaveenInvestments\nFor MediaTek’s revenue projections, we based the 2021 forecast based on companyguidanceof 40% year-on-year growth in revenue. For 2022 and 2023, we based the revenue growth on the global smartphone application processor market CAGR of 11%. Based on these forecasts, the revenue growth for 2021 is 40%, with 2022 and 2023 revenue growth at 11%.\n\n\n\n\n\n\nMediaTek Revenue Segments (USD mln)\n2020\n2021F\n2022F\n2023F\n\n\nMultimedia Chipsets\n11,292\n15,809\n17,548\n19,479\n\n\nOthers\n165\n231\n256\n285\n\n\nTotal\n11,457\n16,040\n17,805\n19,763\n\n\nGrowth (%)\n40%\n11%\n11%\n\n\n\nSource:Market Research Future,MediaTek, Khaveen Investments\nBased on Qualcomm’s discount rate of 13% (company’s WACC), the upside is 25.55%.\nSource: Khaveen Investments\nBased on MediaTek’s discount rate of 9.2% (company’s WACC), the upside is -4.74%.\nSource: Khaveen Investments\n\n\n\nCompany\nCurrent Price\nTarget Price\nUpside (%)\n\n\nQualcomm\n$134.54\n$168.93\n25.55%\n\n\nMediaTek\nTWD978.36\nTWD1,021\n-4.74%\n\n\n\nSource: Khaveen Investments\nVerdict\nThe market share trends are favouring MediaTek due to its expanded product lineup of affordable 5G chipsets securing design wins with Chinese smartphone manufacturers and Samsung. This is also significant as Chinese smartphone manufacturers are cannibalizing Huawei’s market positioning. This has also enabled it to gain ground in developing markets where smartphone ownership rates are still low compared to more developed regions. Despite that, we believe Qualcomm still edges out over MediaTek as it has superior profitability and maintains a performance advantage over MediaTek. Qualcomm’s focus on R&D and strong relationship with foundries solidified the Snapdragon 888’s performance advantage to cater to the premium tier and leading to higher margins than MediaTek. Additionally, Qualcomm is building on its efforts to leverage the Snapdragon platform across adjacent markets, especially in automotive where it is developing an auto compute platform with ADAS and AV capabilities, while MediaTek remains focused on the smartphone market. Overall, we rate Qualcomm as a Buy with a target price of $168.93 and MediaTek as a Hold with a target price of TWD1,021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009216939,"gmtCreate":1640687029595,"gmtModify":1676533534132,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009216939","isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812293506,"gmtCreate":1630589055905,"gmtModify":1676530348493,"author":{"id":"3573357249671764","authorId":"3573357249671764","name":"Moonlight10","avatar":"https://static.tigerbbs.com/a0b198d5f315294dab103e319e5fbcf6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573357249671764","idStr":"3573357249671764"},"themes":[],"htmlText":"Hello&nbsp;","listText":"Hello&nbsp;","text":"Hello","images":[{"img":"https://static.tigerbbs.com/b59eee7ca3c1e47e8fdf791d98d6a212","width":"1125","height":"2670"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812293506","isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}