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2023-08-09

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OCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?

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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206916306538664","repostId":"2358027076","repostType":2,"repost":{"id":"2358027076","kind":"highlight","pubTimestamp":1691545409,"share":"https://ttm.financial/m/news/2358027076?lang=&edition=fundamental","pubTime":"2023-08-09 09:43","market":"sg","language":"en","title":"OCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?","url":"https://stock-news.laohu8.com/highlight/detail?id=2358027076","media":"The Smart Investor","summary":"It is a tough decision but we line the three banks side by side to see which makes the best investment.","content":"<html><head></head><body><p>It is a tough decision but we line the three banks side by side to see which makes the best investment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f567e6f72fc6459181af2f540e7d6e6\" alt=\"Singapore Banks\" title=\"Singapore Banks\" tg-width=\"1024\" tg-height=\"768\"/><span>Singapore Banks</span></p><p>Higher interest rates have been a bane for the REIT sector and businesses with heavy debt loads.</p><p>However, the three local banks have benefitted greatly from the surge in interest rates that has lifted their net interest margins (NIMs) and net interest income (NII).</p><p>The trio have all reported record profits during the latest earnings season.</p><p><strong>United Overseas Bank</strong> (SGX: U11), or UOB, started the season with a 35% year-on-year rise in net profit for 2023’s second quarter (2Q 2023) excluding the integration costs from its acquisition of <strong>Citigroup’s </strong>(NYSE: C) consumer banking franchise.</p><p><strong>DBS Group</strong> (SGX: D05) came along and reported a net profit of S$2.6 billion for 2Q 2023, up 45% year on year.</p><p>And finally, <strong>OCBC Ltd</strong> (SGX: O39) was the last to announce its results and impressed with a 34% year-on-year increase in net profit to S$1.7 billion for the quarter.</p><p>With all three banks announcing stellar results, which should investors pick for their portfolio?</p><p>We compare all three blue-chip banks on various metrics to try and figure this out.</p><h2 id=\"id_3278489360\">Financials</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cdc506dff78cf8406d16d98a2046d319\" tg-width=\"793\" tg-height=\"272\"/></p><p>Starting with the financials for each lender, all three banks saw total income shoot up sharply because of higher NII brought about by higher interest rates.</p><p>Consequently, profit before allowances also rose sharply as expenses rose less than total income.</p><p>However, DBS is the leader here as it logged the strongest year-on-year rise in total income.</p><p>Singapore’s largest bank also clocked up the best year-on-year increase in net profit of 44.8%.</p><p><strong>Winner: DBS</strong></p><h2 id=\"id_1377416138\">Net interest margin and loan growth</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79477a03c1c63aa74fac723d446ed2d5\" tg-width=\"795\" tg-height=\"301\"/></p><p>Next, we look at the banks’ NIMs and the growth of their loan books.</p><p>All three banks saw their loan books shrink year on year as high interest rates begin to bite, causing individuals and businesses to become hesitant to take on more debt.</p><p>DBS saw the worst fall of the three at 2.1% while OCBC experienced the gentlest decline at just 0.3%.</p><p>For NIM, OCBC is the clear winner with the highest NIM of the three at 2.26%.</p><p>However, DBS managed to chalk up the highest increase in its NIM on a year-on-year basis at 0.58 percentage points.</p><p>It was also the only bank to report a quarter-on-quarter increase in NIM, going from 2.12% to 2.16%.</p><p>DBS’ CEO Piyush Gupta also believes there could be more upside to NIMs as 20% of DBS’ commercial book has yet to reprice while the US central bank seems intent on further raising interest rates to combat inflation.</p><p>Despite these trends, OCBC still emerges as the winner with the lowest loan book decline while sporting the highest NIM.</p><p><strong>Winner: OCBC</strong></p><h2 id=\"id_1351176067\">Cost-to-income ratio</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4383cda61f9e7b866e9ca47dd96abe6a\" tg-width=\"802\" tg-height=\"217\"/></p><p>The cost-to-income ratio (CIR) measures the efficiency of a bank’s operations by comparing its operating expenses with its total income.</p><p>A lower CIR is preferred as it means the bank is running more efficiently compared to its peers.</p><p>In this regard, DBS has the lowest CIR of the three at 38.3% but OCBC has come close with a CIR of 38.5%.</p><p>That said, DBS saw its CIR increase by just 0.02 percentage points from 1Q 2023 while OCBC’s CIR jumped 0.14 percentage points.</p><p><strong>Winner: DBS</strong></p><h2 id=\"id_4004408791\">Non-performing loans ratio</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50c7a3777d878c04c30645388f47b5bb\" tg-width=\"793\" tg-height=\"216\"/></p><p>Now we come to the non-performing loans ratio, or NPL ratio, which measures the proportion of a bank’s loans that may go sour.</p><p>A lower NPL ratio implies that the bank expects less of its loans to go bad and that its borrowers are doing fine.</p><p>Both DBS and OCBC are tied with an NPL ratio of 1.1%.</p><p><strong>Winner: DBS and OCBC (tie)</strong></p><h2 id=\"id_905563927\">Valuation</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2dd81b9e8cde1f6379e5578eefc6e23f\" tg-width=\"797\" tg-height=\"215\"/></p><p>When it comes to valuation, DBS has the highest price-to-book (PB) ratio by far at 1.57 times.</p><p>UOB, on the other hand, is trading just above its book value of S$28.26.</p><p>OCBC remains relatively cheap as well with a PB ratio of 1.15 times.</p><p><strong>Winner: UOB</strong></p><h2 id=\"id_3782561395\">Dividend yield</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca12364d870d7aab632db81d8cf5cf4e\" tg-width=\"796\" tg-height=\"271\"/></p><p>For dividend yield, we took the trailing 12-month dividend paid out by each lender but excluded any special, one-off dividends.</p><p>Using each bank’s core dividend, OCBC had the highest dividend yield at 6.1% with DBS registering the lowest at 4.9%.</p><p>However, DBS had just upped its quarterly dividend from S$0.42 in 1Q 2023 to S$0.48 in the current quarter.</p><p>Hence, it has an annualised dividend of S$1.92 per share and its forward dividend yield stands at 5.6%.</p><p>Investors should note that with the strong results momentum, all three banks could raise their final dividends when they release their earnings in February 2024.</p><p><strong>Winner: OCBC</strong></p><h2 id=\"id_3148494557\">Get Smart: Considering other factors</h2><p>DBS and OCBC are tied with three winning factors each but investors need to consider other aspects to decide which bank to buy.</p><p>For instance, UOB expects to achieve an annualised revenue uplift of S$1 billion from its Citigroup acquisition and integration for 2023.</p><p>OCBC introduced a refreshed logo and has identified strategic initiatives to garner S$3 billion in incremental revenue from 2023 to 2025.</p></body></html>","source":"thesmartinvestor_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>OCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?</title>\n<style 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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\">\nOCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-09 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/ocbc-uob-and-dbs-reported-record-profits-which-one-should-you-pick/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is a tough decision but we line the three banks side by side to see which makes the best investment.Singapore BanksHigher interest rates have been a bane for the REIT sector and businesses with ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/ocbc-uob-and-dbs-reported-record-profits-which-one-should-you-pick/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","D05.SI":"星展集团控股","LU0181495838.USD":"施罗德新兴亚洲A Acc","BK4207":"综合性银行","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","BK4585":"ETF&股票定投概念","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","O39.SI":"华侨银行","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","U11.SI":"大华银行","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK6516":"银行与投资服务概念","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","BK6523":"ESG概念","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","SG9999001689.USD":"施罗德亚洲成长股票","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","BK4534":"瑞士信贷持仓","SG9999001135.SGD":"United ASEAN Fund SGD","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU0048573645.USD":"富达东盟基金","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4211":"区域性银行","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD"},"source_url":"https://thesmartinvestor.com.sg/ocbc-uob-and-dbs-reported-record-profits-which-one-should-you-pick/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2358027076","content_text":"It is a tough decision but we line the three banks side by side to see which makes the best investment.Singapore BanksHigher interest rates have been a bane for the REIT sector and businesses with heavy debt loads.However, the three local banks have benefitted greatly from the surge in interest rates that has lifted their net interest margins (NIMs) and net interest income (NII).The trio have all reported record profits during the latest earnings season.United Overseas Bank (SGX: U11), or UOB, started the season with a 35% year-on-year rise in net profit for 2023’s second quarter (2Q 2023) excluding the integration costs from its acquisition of Citigroup’s (NYSE: C) consumer banking franchise.DBS Group (SGX: D05) came along and reported a net profit of S$2.6 billion for 2Q 2023, up 45% year on year.And finally, OCBC Ltd (SGX: O39) was the last to announce its results and impressed with a 34% year-on-year increase in net profit to S$1.7 billion for the quarter.With all three banks announcing stellar results, which should investors pick for their portfolio?We compare all three blue-chip banks on various metrics to try and figure this out.FinancialsStarting with the financials for each lender, all three banks saw total income shoot up sharply because of higher NII brought about by higher interest rates.Consequently, profit before allowances also rose sharply as expenses rose less than total income.However, DBS is the leader here as it logged the strongest year-on-year rise in total income.Singapore’s largest bank also clocked up the best year-on-year increase in net profit of 44.8%.Winner: DBSNet interest margin and loan growthNext, we look at the banks’ NIMs and the growth of their loan books.All three banks saw their loan books shrink year on year as high interest rates begin to bite, causing individuals and businesses to become hesitant to take on more debt.DBS saw the worst fall of the three at 2.1% while OCBC experienced the gentlest decline at just 0.3%.For NIM, OCBC is the clear winner with the highest NIM of the three at 2.26%.However, DBS managed to chalk up the highest increase in its NIM on a year-on-year basis at 0.58 percentage points.It was also the only bank to report a quarter-on-quarter increase in NIM, going from 2.12% to 2.16%.DBS’ CEO Piyush Gupta also believes there could be more upside to NIMs as 20% of DBS’ commercial book has yet to reprice while the US central bank seems intent on further raising interest rates to combat inflation.Despite these trends, OCBC still emerges as the winner with the lowest loan book decline while sporting the highest NIM.Winner: OCBCCost-to-income ratioThe cost-to-income ratio (CIR) measures the efficiency of a bank’s operations by comparing its operating expenses with its total income.A lower CIR is preferred as it means the bank is running more efficiently compared to its peers.In this regard, DBS has the lowest CIR of the three at 38.3% but OCBC has come close with a CIR of 38.5%.That said, DBS saw its CIR increase by just 0.02 percentage points from 1Q 2023 while OCBC’s CIR jumped 0.14 percentage points.Winner: DBSNon-performing loans ratioNow we come to the non-performing loans ratio, or NPL ratio, which measures the proportion of a bank’s loans that may go sour.A lower NPL ratio implies that the bank expects less of its loans to go bad and that its borrowers are doing fine.Both DBS and OCBC are tied with an NPL ratio of 1.1%.Winner: DBS and OCBC (tie)ValuationWhen it comes to valuation, DBS has the highest price-to-book (PB) ratio by far at 1.57 times.UOB, on the other hand, is trading just above its book value of S$28.26.OCBC remains relatively cheap as well with a PB ratio of 1.15 times.Winner: UOBDividend yieldFor dividend yield, we took the trailing 12-month dividend paid out by each lender but excluded any special, one-off dividends.Using each bank’s core dividend, OCBC had the highest dividend yield at 6.1% with DBS registering the lowest at 4.9%.However, DBS had just upped its quarterly dividend from S$0.42 in 1Q 2023 to S$0.48 in the current quarter.Hence, it has an annualised dividend of S$1.92 per share and its forward dividend yield stands at 5.6%.Investors should note that with the strong results momentum, all three banks could raise their final dividends when they release their earnings in February 2024.Winner: OCBCGet Smart: Considering other factorsDBS and OCBC are tied with three winning factors each but investors need to consider other aspects to decide which bank to buy.For instance, UOB expects to achieve an annualised revenue uplift of S$1 billion from its Citigroup acquisition and integration for 2023.OCBC introduced a refreshed logo and has identified strategic initiatives to garner S$3 billion in incremental revenue from 2023 to 2025.","news_type":1},"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941266207,"gmtCreate":1680285020410,"gmtModify":1680285815482,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573429714697192","authorIdStr":"3573429714697192"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941266207","repostId":"2323745014","repostType":2,"repost":{"id":"2323745014","kind":"highlight","pubTimestamp":1680222146,"share":"https://ttm.financial/m/news/2323745014?lang=&edition=fundamental","pubTime":"2023-03-31 08:22","market":"us","language":"en","title":"7 Undervalued Growth Stocks to Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2323745014","media":"InvestorPlace","summary":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is pois","content":"<html><head></head><body><ul><li><p><strong>Roku</strong> (<strong><u>ROKU</u></strong>): Roku is getting a lift from the rebounding TV ad market.</p></li><li><p><strong>Plug Power</strong> (<strong><u>PLUG</u></strong>): PLUG is poised to become a major supplier of green hydrogen to a large airlines.</p></li><li><p><strong>Darden</strong> (<strong><u>DRI</u></strong>): DRI reported outstanding quarterly results this month.</p></li><li><p>Keep reading to find the complete list of undervalued growth stocks!</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9691c73d2c90fafebcc65ae4d5ebc19\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: REDPIXEL.PL / Shutterstock.com</p><p>With the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.</p><p>Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by <strong>UBS </strong>(NYSE:<strong><u>UBS</u></strong>). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, <em>CNBC</em> reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.</p><p>Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.</p><p>On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.</p><p>Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.</p><h2>Undervalued Growth Stocks: Roku (ROKU)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a667fe0ddb71e20f994e71009e4d7590\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Michael Vi / Shutterstock</p><p>As I’ve pointed out in past columns, <strong>Roku </strong>(NASDAQ:<strong><u>ROKU</u></strong>) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.</p><p>Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.</p><p>The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”</p><p>ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.</p><h2>Plug Power (PLUG)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8baac56f5c9242be08f484dc5169a823\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Postmodern Studio / Shutterstock</p><p><strong>Plug Power</strong> (NASDAQ:<strong><u>PLUG</u></strong>) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”</p><p>According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”</p><p>Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by <strong>Universal Hydrogen</strong>, which carried out the test and has made a deal to supply hydrogen to <strong>American Airlines</strong> (NASDAQ:<strong><u>AAL</u></strong>) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.</p><p>Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.</p><p>Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.</p><h2>Darden (DRI)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7bfb9f537e8a9add6ff029343c9197ab\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Shutterstock</p><p><strong>Darden</strong> (NYSE:<strong><u>DRI</u></strong>), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.</p><p>Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.</p><p>Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.</p><p>And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.</p><p>Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.</p><h2>Air Products &amp; Chemicals (APD)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b2f5b1fa69ce6ff3b5589cb9595c036\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Andy Borysowski / Shutterstock.com</p><p><em>InvestorPlace</em> columnist Chris Markoch recently reported that <strong>Air Products &amp; Chemicals </strong>(NYSE:<strong><u>APD</u></strong>) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”</p><p>Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.</p><p>Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”</p><p>And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.</p><p>On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.</p><p>At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.</p><h2>Canadian Solar (CSIQ)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f004b89489d4cb1df4ad5b421940e4b\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Shutter B Photo / Shutterstock.com</p><p><strong>Canadian Solar</strong> (NASDAQ:<strong><u>CSIQ</u></strong>) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.</p><p>Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”</p><p>And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.</p><p>CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.</p><p>The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.</p><h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Michael Vi / Shutterstock.com</p><p><strong>PayPal </strong>(NASDAQ:<strong><u>PYPL</u></strong>) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.</p><p>Going forward, the company may also get a boost from the accusations made by Hindenburg Research against <strong><a href=\"https://laohu8.com/S/SQ\">Block</a></strong> (NYSE:<strong><u>SQ</u></strong>). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.</p><p>Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.</p><p>Alternatively, PayPal could be gaining market share, he stated.</p><p>PYPL stock has a very attractive forward price-to-earnings ratio of 15x.</p><h2>Volkswagen (VWAGY)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1245be8a7f8896e9c3e078dcc4bd0ce6\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: multitel / Shutterstock.com</p><p><strong>Volkswagen’s </strong>(OTCMKTS:<strong><u>VWAGY</u></strong>) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.</p><p>Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.</p><p>Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.</p><p>Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.</p></body></html>","source":"investorplace","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>7 Undervalued Growth Stocks to Buy Before They Take Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Undervalued Growth Stocks to Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-31 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...</p>\n\n<a href=\"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4528":"SaaS概念","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","ROKU":"Roku Inc","BK4008":"航空公司","BK4585":"ETF&股票定投概念","AAL":"美国航空","BK4101":"工业气体","SQQQ":"纳指三倍做空ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","BK4566":"资本集团","PLUG":"普拉格能源","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","CSIQ":"阿特斯太阳能","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SQ":"Block","BK4535":"淡马锡持仓","BK4524":"宅经济概念","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","DRI":"达登饭店","APD":"空气化工","BK4550":"红杉资本持仓","BK4500":"航空公司","BK4141":"半导体产品","TQQQ":"纳指三倍做多ETF","BK4503":"景林资产持仓","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4118":"综合性资本市场","BK4519":"光伏太阳能","BK4581":"高盛持仓","VWAGY":"大众汽车ADR","BK4096":"电气部件与设备","LU1861217088.USD":"贝莱德金融科技A2","BK4209":"餐馆","BK4099":"汽车制造商","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","PYPL":"PayPal","BK4548":"巴美列捷福持仓","QID":"纳指两倍做空ETF","BK4541":"氢能源"},"source_url":"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323745014","content_text":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported outstanding quarterly results this month.Keep reading to find the complete list of undervalued growth stocks!Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123022692,"gmtCreate":1624404303216,"gmtModify":1703835466434,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573429714697192","authorIdStr":"3573429714697192"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123022692","repostId":"2145664330","repostType":4,"repost":{"id":"2145664330","kind":"highlight","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":1624403123,"share":"https://ttm.financial/m/news/2145664330?lang=&edition=fundamental","pubTime":"2021-06-23 07:05","market":"us","language":"en","title":"Tech leads way to Wall Street rebound as Powell promises steady hand","url":"https://stock-news.laohu8.com/highlight/detail?id=2145664330","media":"Reuters","summary":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Pow","content":"<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</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>Tech leads way to Wall Street rebound as Powell promises steady hand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech leads way to Wall Street rebound as Powell promises steady hand\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\">2021-06-23 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"POWL":"Powell Industries",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145664330","content_text":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.\nLed by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.\nThe Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.\nThe Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.\nThe MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.\n\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"\nTestifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.\n\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.\nPowell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.\nThe dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.\nOil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.\nBrent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.\nU.S. West Texas Intermediate $(WTI)$ crude fell 60 cents, or 0.8%, to $73.06 a barrel.\nBitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.\nSpot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380728216,"gmtCreate":1612595815535,"gmtModify":1704873150756,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573429714697192","authorIdStr":"3573429714697192"},"themes":[],"htmlText":"hmm..","listText":"hmm..","text":"hmm..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380728216","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380728813,"gmtCreate":1612595783832,"gmtModify":1704873150917,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573429714697192","authorIdStr":"3573429714697192"},"themes":[],"htmlText":"hmm","listText":"hmm","text":"hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380728813","repostId":"1132260998","repostType":4,"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":206916306538664,"gmtCreate":1691546951038,"gmtModify":1691546954872,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573429714697192","authorIdStr":"3573429714697192"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206916306538664","repostId":"2358027076","repostType":2,"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941266207,"gmtCreate":1680285020410,"gmtModify":1680285815482,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573429714697192","authorIdStr":"3573429714697192"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941266207","repostId":"2323745014","repostType":2,"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123022692,"gmtCreate":1624404303216,"gmtModify":1703835466434,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573429714697192","authorIdStr":"3573429714697192"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123022692","repostId":"2145664330","repostType":4,"repost":{"id":"2145664330","kind":"highlight","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":1624403123,"share":"https://ttm.financial/m/news/2145664330?lang=&edition=fundamental","pubTime":"2021-06-23 07:05","market":"us","language":"en","title":"Tech leads way to Wall Street rebound as Powell promises steady hand","url":"https://stock-news.laohu8.com/highlight/detail?id=2145664330","media":"Reuters","summary":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Pow","content":"<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</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>Tech leads way to Wall Street rebound as Powell promises steady hand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech leads way to Wall Street rebound as Powell promises steady hand\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\">2021-06-23 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"POWL":"Powell Industries",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145664330","content_text":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.\nLed by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.\nThe Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.\nThe Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.\nThe MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.\n\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"\nTestifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.\n\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.\nPowell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.\nThe dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.\nOil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.\nBrent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.\nU.S. West Texas Intermediate $(WTI)$ crude fell 60 cents, or 0.8%, to $73.06 a barrel.\nBitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.\nSpot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380728216,"gmtCreate":1612595815535,"gmtModify":1704873150756,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573429714697192","authorIdStr":"3573429714697192"},"themes":[],"htmlText":"hmm..","listText":"hmm..","text":"hmm..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380728216","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380728813,"gmtCreate":1612595783832,"gmtModify":1704873150917,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573429714697192","authorIdStr":"3573429714697192"},"themes":[],"htmlText":"hmm","listText":"hmm","text":"hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380728813","repostId":"1132260998","repostType":4,"repost":{"id":"1132260998","kind":"news","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":1612519255,"share":"https://ttm.financial/m/news/1132260998?lang=&edition=fundamental","pubTime":"2021-02-05 18:00","market":"us","language":"en","title":"Performance of funds invested in GameStop in past two weeks","url":"https://stock-news.laohu8.com/highlight/detail?id=1132260998","media":"Reuters","summary":"(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top ga","content":"<p>(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop, data from Refinitiv Lipper showed.</p>\n<p>Crowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.</p>\n<p>The Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks’ price performance.</p>\n<p>The fund’s net assets rose 61% to $746.7 million in January, the data showed.</p>\n<p>Shares of iShares Micro-Cap ETF and Cambria Shareholder Yield ETF also gained about 7% each in the past two weeks.</p>\n<p>Graphic: Mutual fund gainers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/bdf861b5fe2dd34bcafbc688c67e9075\" tg-width=\"962\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.</p>\n<p>Graphic: Bottom performers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/ee25f46afa762db3e988a73a7147042d\" tg-width=\"940\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Performance of funds invested in GameStop in past two weeks</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\">\nPerformance of funds invested in GameStop in past two weeks\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\">2021-02-05 18:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop, data from Refinitiv Lipper showed.</p>\n<p>Crowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.</p>\n<p>The Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks’ price performance.</p>\n<p>The fund’s net assets rose 61% to $746.7 million in January, the data showed.</p>\n<p>Shares of iShares Micro-Cap ETF and Cambria Shareholder Yield ETF also gained about 7% each in the past two weeks.</p>\n<p>Graphic: Mutual fund gainers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/bdf861b5fe2dd34bcafbc688c67e9075\" tg-width=\"962\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.</p>\n<p>Graphic: Bottom performers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/ee25f46afa762db3e988a73a7147042d\" tg-width=\"940\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b72bab52a7d49e9d26088350ab4826c1","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132260998","content_text":"(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop, data from Refinitiv Lipper showed.\nCrowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.\nThe Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks’ price performance.\nThe fund’s net assets rose 61% to $746.7 million in January, the data showed.\nShares of iShares Micro-Cap ETF and Cambria Shareholder Yield ETF also gained about 7% each in the past two weeks.\nGraphic: Mutual fund gainers in the past two weeks\n\nShares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.\nGraphic: Bottom performers in the past two weeks","news_type":1},"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}