CuriousInv personal page - To The Moon

CuriousInv

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2021-02-17

$Senseonics(SENS)$To the moon! Pls like my post! Thanks!

2021-06-21

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Analyst Says Bionano Genomics Has 26% Upside: Should You Buy?

2021-02-17

//@Zhaoxiang: Hi

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2021-06-15

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2021-06-15

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2021-06-15

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Meme-stock traders start to converge on shares of insulin-pump maker Senseonics

2021-06-15

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2021-06-15

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2021-06-15

Like and comment pls thx!

Netflix: The Selloff Looks Overdone

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22:09","market":"us","language":"en","title":"Tesla Going Through A \"Rather Dry Spell\", Says Morgan Stanley's Adam Jonas","url":"https://stock-news.laohu8.com/highlight/detail?id=1179958588","media":"zerohedge","summary":"In most respects, the latest note from Adam Jonas at Morgan Stanley on Tesla has been more of the sa","content":"<p>In most respects, the latest note from Adam Jonas at Morgan Stanley on Tesla has been more of the same.</p>\n<p>You've got your bona fide comedy, as Jonas starts his note&nbsp;by saying \"Let’s begin with a healthy dose of intellectual honesty on the starting point for&nbsp;the stock,\" before defending his $900 price target on the name...</p>\n<p><img src=\"https://static.tigerbbs.com/c9cc9bfba9fba1bf3593b4b6f4e20dbf\" tg-width=\"500\" tg-height=\"198\" referrerpolicy=\"no-referrer\"></p>\n<p>You've got your \"pie in the sky\" style lofty estimates about a SaaS revenue stream that doesn't exist and that the company likely doesn't even have the infrastructure for...</p>\n<p><img src=\"https://static.tigerbbs.com/e525d8ff30b02cefbdc8daecdcfcca7b\" tg-width=\"500\" tg-height=\"246\" referrerpolicy=\"no-referrer\">You've got your insane valuation for Tesla's insurance business...</p>\n<p><img src=\"https://static.tigerbbs.com/67267c0686d45416d0cb73fda3e253c7\" tg-width=\"516\" tg-height=\"648\" referrerpolicy=\"no-referrer\">...and finally, you've got your proclamation that Tesla is going to exceed its timelines for autonomous productions. You know, because the company has been so masterful with handling timelines in the past.</p>\n<p><img src=\"https://static.tigerbbs.com/f7526beef593477f8a494eac3cd07e6f\" tg-width=\"500\" tg-height=\"97\"></p>\n<p>All told, it was a pretty standard Adam Jonas ticker tape parade for the company.</p>\n<p>But tucked into what can only be described as the \"endless optimism\" of Jonas' note was an interesting point that the analyst made.<b>Namely, he appears to make the suggestion that CEO Elon Musk's latest obsession with bitcoin is indicative that Tesla's underlying business could be going through a \"dry spell\".</b></p>\n<p><b>\"Over the past couple of months, incoming client interest on Tesla is focused mostly on Chinese sales/production data and Elon Musk’s tweets regarding Bitcoin. Might Tesla-Bitcoin fever may be telling us something about the lull in Tesla sentiment?</b>\" Jonas asks toward the beginning of his note.</p>\n<p>He continues:<b>\"You just know it’s a rather dry spell for Tesla when Bitcoin is the dominant new story and dominant driver of investor discussion day in, day out.</b>In our opinion, what’s considerably more interesting than ‘decoding’ the TSLA-Bitcoin relationship is the fact that there is a virtual ‘vacuum’ of developments and news related to other areas of technological and commercial progress that the company is involved with on renewable energy, storage networking and transportation.\"</p>\n<p>He begrudgingly concludes&nbsp;about Tesla's underwhelming Model S Plaid unveil: \"<b>Yes, the Model S Plaid unveil was fun, but where’s the next ‘big’ development to move the company forward?\"</b></p>\n<p>The lines even stood out CNBC's Carl Quintanilla who pointed it out early this morning.</p>\n<p><img src=\"https://static.tigerbbs.com/ec9ba5f7279aee4c62994fd1495bdcec\" tg-width=\"507\" tg-height=\"530\">It's interesting to note this level of what appears to just be bemusement and exhaustion from Jonas. But whether or not it sticks out to the \"sophisticated investors\" buying Tesla stock remains another question...</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Going Through A \"Rather Dry Spell\", Says Morgan Stanley's Adam Jonas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Going Through A \"Rather Dry Spell\", Says Morgan Stanley's Adam Jonas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/tesla-going-through-rather-dry-spell-says-morgan-stanleys-adam-jonas><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In most respects, the latest note from Adam Jonas at Morgan Stanley on Tesla has been more of the same.\nYou've got your bona fide comedy, as Jonas starts his note by saying \"Let’s begin with a healthy...</p>\n\n<a href=\"https://www.zerohedge.com/markets/tesla-going-through-rather-dry-spell-says-morgan-stanleys-adam-jonas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/tesla-going-through-rather-dry-spell-says-morgan-stanleys-adam-jonas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179958588","content_text":"In most respects, the latest note from Adam Jonas at Morgan Stanley on Tesla has been more of the same.\nYou've got your bona fide comedy, as Jonas starts his note by saying \"Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,\" before defending his $900 price target on the name...\n\nYou've got your \"pie in the sky\" style lofty estimates about a SaaS revenue stream that doesn't exist and that the company likely doesn't even have the infrastructure for...\nYou've got your insane valuation for Tesla's insurance business...\n...and finally, you've got your proclamation that Tesla is going to exceed its timelines for autonomous productions. You know, because the company has been so masterful with handling timelines in the past.\n\nAll told, it was a pretty standard Adam Jonas ticker tape parade for the company.\nBut tucked into what can only be described as the \"endless optimism\" of Jonas' note was an interesting point that the analyst made.Namely, he appears to make the suggestion that CEO Elon Musk's latest obsession with bitcoin is indicative that Tesla's underlying business could be going through a \"dry spell\".\n\"Over the past couple of months, incoming client interest on Tesla is focused mostly on Chinese sales/production data and Elon Musk’s tweets regarding Bitcoin. Might Tesla-Bitcoin fever may be telling us something about the lull in Tesla sentiment?\" Jonas asks toward the beginning of his note.\nHe continues:\"You just know it’s a rather dry spell for Tesla when Bitcoin is the dominant new story and dominant driver of investor discussion day in, day out.In our opinion, what’s considerably more interesting than ‘decoding’ the TSLA-Bitcoin relationship is the fact that there is a virtual ‘vacuum’ of developments and news related to other areas of technological and commercial progress that the company is involved with on renewable energy, storage networking and transportation.\"\nHe begrudgingly concludes about Tesla's underwhelming Model S Plaid unveil: \"Yes, the Model S Plaid unveil was fun, but where’s the next ‘big’ development to move the company forward?\"\nThe lines even stood out CNBC's Carl Quintanilla who pointed it out early this morning.\nIt's interesting to note this level of what appears to just be bemusement and exhaustion from Jonas. But whether or not it sticks out to the \"sophisticated investors\" buying Tesla stock remains another question...","news_type":1},"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160067463,"gmtCreate":1623767018352,"gmtModify":1703818782627,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"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/160067463","isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160069552,"gmtCreate":1623766792276,"gmtModify":1703818771520,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"up","listText":"up","text":"up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160069552","repostId":"2143735199","repostType":2,"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160069624,"gmtCreate":1623766783268,"gmtModify":1703818771359,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"up","listText":"up","text":"up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160069624","repostId":"2143735405","repostType":2,"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160069134,"gmtCreate":1623766771028,"gmtModify":1703818770870,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"up","listText":"up","text":"up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160069134","repostId":"2143351967","repostType":2,"repost":{"id":"2143351967","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623707340,"share":"https://ttm.financial/m/news/2143351967?lang=&edition=fundamental","pubTime":"2021-06-15 05:49","market":"us","language":"en","title":"Nasdaq, S&P 500 end at records as stocks end mostly higher ahead of Fed update","url":"https://stock-news.laohu8.com/highlight/detail?id=2143351967","media":"Dow Jones","summary":"MW Nasdaq, S&P 500 end at records as stocks end mostly higher ahead of Fed update\n\n\n  By Joy Wilterm","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Nasdaq, S&amp;P 500 end at records as stocks end mostly higher ahead of Fed update\n</p>\n<p>\n  By Joy Wiltermuth and Mark DeCambre \n</p>\n<p>\n  A rally in tech stocks helped lift the Nasdaq Composite to its first record close since late April and the S&amp;P 500 to eke out its 29th of the year, as investors prepared for an important meeting of the Federal Reserve this week. \n</p>\n<p>\n  The rate-setting gathering could help investors assess how the central bank views evidence of surging inflation against data showing slack in the job market during the COVID pandemic recovery. \n</p>\n<p>\n  The Fed's two-day meeting commences Tuesday. \n</p>\n<p>\n  How did the stock market trade? \n</p>\n<p>\n  What drove the market? \n</p>\n<p>\n  What once proved illusory for the Fed years ago may now be transitory, and now it is time to put talking about inflation  on the agenda. \n</p>\n<p>\n  By the middle of the week, investors finally may have a clearer sense of the U.S. central bank's game plan for confronting inflation and normalizing policy, including whether Fed officials still deem pricing pressures temporary. \n</p>\n<p>\n  Read: Here's what the market wants--and doesn't want--to hear from Powell at this week's Fed meeting  \n</p>\n<p>\n  \"It's all about interest rates and any possible change in the language from the Federal Reserve,\" said Kent Engelke, chief economic strategist, Capitol Securities Management, of stock-market trading Monday. \n</p>\n<p>\n  Engelke also said many still expect the Fed to keep rates near zero and maintain its current pace of bond buying for some time, which may have helped lift technology stocks Monday, up 1%, as a component of the S&amp;P 500 index. \n</p>\n<p>\n  The Tell:  (Dimon: JPMorgan is sitting on about $500 million in cash, waiting to invest in higher rates) \n</p>\n<p>\n  The U.S. central bank is buying $80 billion of Treasurys and $40 billion of mortgage-backed securities each month, while keeping benchmark interest rates between 0% and 0.25%. \n</p>\n<p>\n  Federal Reserve Chairman Jerome Powell and fellow policy makers are expected to discuss the eventual tapering  of that $120 billion a month asset-purchase program, which could prove delicate as they hope to avoid roiling the market in the process. \n</p>\n<p>\n  It is expected that the Fed's projections of interest rates in the future, the so-called dot-plot, may show a shift forward for the first rate increase to come during 2023. At the moment, the Fed shows no rate increases until 2024 at the earliest. Back in March, the Fed penciled in a 2.2% core rate for the personal consumption expenditure index. \n</p>\n<p>\n  While that may rise, the Fed won't move the core rate for 2022 much higher, a signal that it still believes the price gains seen in the past few months reflects \"largely transitory\" factors. \n</p>\n<p>\n  \"Though inflation concerns appear to have moderated, we expect volatility to spike around further data indicating accelerating wage growth and/or prices,\" wrote Saira Malik, chief investment officer at Nuveen, in a note. \n</p>\n<p>\n  The Tell:Inflation scare? Check out this chart before freaking out  \n</p>\n<p>\n  Starting on Tuesday, California's surging multi-trillion dollar economy  during COVID. \n</p>\n<p>\n  \"California is buzzing,\" said Todd Morgan, founding member of Bel Air Investment Advisors, in Los Angeles. \"People are going out and enjoying their lives, sometimes for the first time in a year or longer,\" he said. \"There are even lines outside of Gucci, believe it or not.\" \n</p>\n<p>\n  While Morgan said he plans to tune in for the Fed update midweek, has said cyberattacks and if 10-year Treasury yields keep falling were higher on his list of worries than the potential for runaway inflation. \n</p>\n<p>\n  \"I think it's too early to say that inflation is here in a big way,\" Morgan said. \"But if interest rates drop too low, it could be perceived as a sign of an economic slowdown.\" \n</p>\n<p>\n  In Europe, U.K. Prime Minister Boris Johnson on Monday extended some lockdown rules until July 19  due to a surge in new cases caused by the Delta variant as positive tests climbed to their highest since February. Leaders of the Group of Seven also championed a 15% global minimum tax rate support and continued fiscal stimulus to help economies dig out of the COVID pandemic. \n</p>\n<p>\n  The U.S. initial public offering market also has a dizzying week on tap, at least by deal number, with 15 companies expected to rais e a total of $2.5 billion. \n</p>\n<p>\n  Which companies were in focus? \n</p>\n<p>\n  How did other assets fare? \n</p>\n<p>\n  -Joy Wiltermuth; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 14, 2021 17:49 ET (21:49 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq, S&P 500 end at records as stocks end mostly higher ahead of Fed update</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\">\nNasdaq, S&P 500 end at records as stocks end mostly higher ahead of Fed update\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-15 05:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Nasdaq, S&amp;P 500 end at records as stocks end mostly higher ahead of Fed update\n</p>\n<p>\n  By Joy Wiltermuth and Mark DeCambre \n</p>\n<p>\n  A rally in tech stocks helped lift the Nasdaq Composite to its first record close since late April and the S&amp;P 500 to eke out its 29th of the year, as investors prepared for an important meeting of the Federal Reserve this week. \n</p>\n<p>\n  The rate-setting gathering could help investors assess how the central bank views evidence of surging inflation against data showing slack in the job market during the COVID pandemic recovery. \n</p>\n<p>\n  The Fed's two-day meeting commences Tuesday. \n</p>\n<p>\n  How did the stock market trade? \n</p>\n<p>\n  What drove the market? \n</p>\n<p>\n  What once proved illusory for the Fed years ago may now be transitory, and now it is time to put talking about inflation  on the agenda. \n</p>\n<p>\n  By the middle of the week, investors finally may have a clearer sense of the U.S. central bank's game plan for confronting inflation and normalizing policy, including whether Fed officials still deem pricing pressures temporary. \n</p>\n<p>\n  Read: Here's what the market wants--and doesn't want--to hear from Powell at this week's Fed meeting  \n</p>\n<p>\n  \"It's all about interest rates and any possible change in the language from the Federal Reserve,\" said Kent Engelke, chief economic strategist, Capitol Securities Management, of stock-market trading Monday. \n</p>\n<p>\n  Engelke also said many still expect the Fed to keep rates near zero and maintain its current pace of bond buying for some time, which may have helped lift technology stocks Monday, up 1%, as a component of the S&amp;P 500 index. \n</p>\n<p>\n  The Tell:  (Dimon: JPMorgan is sitting on about $500 million in cash, waiting to invest in higher rates) \n</p>\n<p>\n  The U.S. central bank is buying $80 billion of Treasurys and $40 billion of mortgage-backed securities each month, while keeping benchmark interest rates between 0% and 0.25%. \n</p>\n<p>\n  Federal Reserve Chairman Jerome Powell and fellow policy makers are expected to discuss the eventual tapering  of that $120 billion a month asset-purchase program, which could prove delicate as they hope to avoid roiling the market in the process. \n</p>\n<p>\n  It is expected that the Fed's projections of interest rates in the future, the so-called dot-plot, may show a shift forward for the first rate increase to come during 2023. At the moment, the Fed shows no rate increases until 2024 at the earliest. Back in March, the Fed penciled in a 2.2% core rate for the personal consumption expenditure index. \n</p>\n<p>\n  While that may rise, the Fed won't move the core rate for 2022 much higher, a signal that it still believes the price gains seen in the past few months reflects \"largely transitory\" factors. \n</p>\n<p>\n  \"Though inflation concerns appear to have moderated, we expect volatility to spike around further data indicating accelerating wage growth and/or prices,\" wrote Saira Malik, chief investment officer at Nuveen, in a note. \n</p>\n<p>\n  The Tell:Inflation scare? Check out this chart before freaking out  \n</p>\n<p>\n  Starting on Tuesday, California's surging multi-trillion dollar economy  during COVID. \n</p>\n<p>\n  \"California is buzzing,\" said Todd Morgan, founding member of Bel Air Investment Advisors, in Los Angeles. \"People are going out and enjoying their lives, sometimes for the first time in a year or longer,\" he said. \"There are even lines outside of Gucci, believe it or not.\" \n</p>\n<p>\n  While Morgan said he plans to tune in for the Fed update midweek, has said cyberattacks and if 10-year Treasury yields keep falling were higher on his list of worries than the potential for runaway inflation. \n</p>\n<p>\n  \"I think it's too early to say that inflation is here in a big way,\" Morgan said. \"But if interest rates drop too low, it could be perceived as a sign of an economic slowdown.\" \n</p>\n<p>\n  In Europe, U.K. Prime Minister Boris Johnson on Monday extended some lockdown rules until July 19  due to a surge in new cases caused by the Delta variant as positive tests climbed to their highest since February. Leaders of the Group of Seven also championed a 15% global minimum tax rate support and continued fiscal stimulus to help economies dig out of the COVID pandemic. \n</p>\n<p>\n  The U.S. initial public offering market also has a dizzying week on tap, at least by deal number, with 15 companies expected to rais e a total of $2.5 billion. \n</p>\n<p>\n  Which companies were in focus? \n</p>\n<p>\n  How did other assets fare? \n</p>\n<p>\n  -Joy Wiltermuth; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 14, 2021 17:49 ET (21:49 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","IVV":"标普500指数ETF","AMC":"AMC院线","GME":"游戏驿站","SDS":"两倍做空标普500ETF","SENS":"Senseonics Holdings,Inc.","SSO":"两倍做多标普500ETF","GE":"GE航空航天","UPRO":"三倍做多标普500ETF","OEX":"标普100","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","SH":"标普500反向ETF"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143351967","content_text":"MW Nasdaq, S&P 500 end at records as stocks end mostly higher ahead of Fed update\n\n\n  By Joy Wiltermuth and Mark DeCambre \n\n\n  A rally in tech stocks helped lift the Nasdaq Composite to its first record close since late April and the S&P 500 to eke out its 29th of the year, as investors prepared for an important meeting of the Federal Reserve this week. \n\n\n  The rate-setting gathering could help investors assess how the central bank views evidence of surging inflation against data showing slack in the job market during the COVID pandemic recovery. \n\n\n  The Fed's two-day meeting commences Tuesday. \n\n\n  How did the stock market trade? \n\n\n  What drove the market? \n\n\n  What once proved illusory for the Fed years ago may now be transitory, and now it is time to put talking about inflation  on the agenda. \n\n\n  By the middle of the week, investors finally may have a clearer sense of the U.S. central bank's game plan for confronting inflation and normalizing policy, including whether Fed officials still deem pricing pressures temporary. \n\n\n  Read: Here's what the market wants--and doesn't want--to hear from Powell at this week's Fed meeting  \n\n\n  \"It's all about interest rates and any possible change in the language from the Federal Reserve,\" said Kent Engelke, chief economic strategist, Capitol Securities Management, of stock-market trading Monday. \n\n\n  Engelke also said many still expect the Fed to keep rates near zero and maintain its current pace of bond buying for some time, which may have helped lift technology stocks Monday, up 1%, as a component of the S&P 500 index. \n\n\n  The Tell:  (Dimon: JPMorgan is sitting on about $500 million in cash, waiting to invest in higher rates) \n\n\n  The U.S. central bank is buying $80 billion of Treasurys and $40 billion of mortgage-backed securities each month, while keeping benchmark interest rates between 0% and 0.25%. \n\n\n  Federal Reserve Chairman Jerome Powell and fellow policy makers are expected to discuss the eventual tapering  of that $120 billion a month asset-purchase program, which could prove delicate as they hope to avoid roiling the market in the process. \n\n\n  It is expected that the Fed's projections of interest rates in the future, the so-called dot-plot, may show a shift forward for the first rate increase to come during 2023. At the moment, the Fed shows no rate increases until 2024 at the earliest. Back in March, the Fed penciled in a 2.2% core rate for the personal consumption expenditure index. \n\n\n  While that may rise, the Fed won't move the core rate for 2022 much higher, a signal that it still believes the price gains seen in the past few months reflects \"largely transitory\" factors. \n\n\n  \"Though inflation concerns appear to have moderated, we expect volatility to spike around further data indicating accelerating wage growth and/or prices,\" wrote Saira Malik, chief investment officer at Nuveen, in a note. \n\n\n  The Tell:Inflation scare? Check out this chart before freaking out  \n\n\n  Starting on Tuesday, California's surging multi-trillion dollar economy  during COVID. \n\n\n  \"California is buzzing,\" said Todd Morgan, founding member of Bel Air Investment Advisors, in Los Angeles. \"People are going out and enjoying their lives, sometimes for the first time in a year or longer,\" he said. \"There are even lines outside of Gucci, believe it or not.\" \n\n\n  While Morgan said he plans to tune in for the Fed update midweek, has said cyberattacks and if 10-year Treasury yields keep falling were higher on his list of worries than the potential for runaway inflation. \n\n\n  \"I think it's too early to say that inflation is here in a big way,\" Morgan said. \"But if interest rates drop too low, it could be perceived as a sign of an economic slowdown.\" \n\n\n  In Europe, U.K. Prime Minister Boris Johnson on Monday extended some lockdown rules until July 19  due to a surge in new cases caused by the Delta variant as positive tests climbed to their highest since February. Leaders of the Group of Seven also championed a 15% global minimum tax rate support and continued fiscal stimulus to help economies dig out of the COVID pandemic. \n\n\n  The U.S. initial public offering market also has a dizzying week on tap, at least by deal number, with 15 companies expected to rais e a total of $2.5 billion. \n\n\n  Which companies were in focus? \n\n\n  How did other assets fare? \n\n\n  -Joy Wiltermuth; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June 14, 2021 17:49 ET (21:49 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160014054,"gmtCreate":1623766383178,"gmtModify":1703818752401,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"Like and comment pls thx!","listText":"Like and comment pls thx!","text":"Like and comment pls thx!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160014054","repostId":"1193778475","repostType":2,"repost":{"id":"1193778475","pubTimestamp":1623749978,"share":"https://ttm.financial/m/news/1193778475?lang=&edition=fundamental","pubTime":"2021-06-15 17:39","market":"us","language":"en","title":"Netflix: The Selloff Looks Overdone","url":"https://stock-news.laohu8.com/highlight/detail?id=1193778475","media":"seekingalpha","summary":"Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive e","content":"<p><b>Summary</b></p>\n<ul>\n <li>Netflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.</li>\n <li>However, short-sighted investors did not consider Netflix’s overall game to evaluate the strength of its moat.</li>\n <li>Netflix looks attractively-priced now, and should be a worthy addition to both value and growth investors.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>Netflix (NFLX) has come under the weather recently, as the company had to face increased competitive pressure from the growth of Disney+, recent industry consolidation fromWarner Bros. Discovery(T,DISCA) and Amazon's (AMZN)acquisition of MGM's deep content IP. Furthermore, the company also reported an\"underwhelming\" Q1'21results that saw the company even missing its own net membership adds estimates by 2m. In short, there seems to be no shortage of bad news for NFLX recently.</p>\n<p><img src=\"https://static.tigerbbs.com/59d9e43b35cbdb0cbc2330837c796371\" tg-width=\"1280\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: TradingView</p>\n<p>Therefore, it's not surprising to me at all that Mr. Market reacted somewhat negatively to all these competitive headwinds as NFLX remains about 18% off its January high, while QQQ is withintouching distance of its all time high. As a price-action, momentum based investor, seeing a stock that has demonstrated strong medium term and long term uptrend bias is of paramount importance to me and NFLX certainly checks all of that from this perspective. Although there are other growth stocks that have demonstrated a better uptrend bias profile, NFLX is not a slouch either. It has only lost its medium term 50W MA dynamic support only twice in the last 5 years: 2018 bear market decline of 45%, and Jul-Sep 19 decline of 35%. Even though the stock momentarily lost its 50W support level then, NFLX quickly regained its medium term support level, and during the COVID-19 bear market, NFLX never lost support of its medium term uptrend. Therefore, the 50W MA has proven to be a consistently strong medium term dynamic support level for NFLX over the last 5 years.</p>\n<p>NFLX's price has now approached its 50W support level again thanks to the weak market sentiments lately which makes it appropriate to discuss whether NFLX represents a good buying opportunity now for long term investors.</p>\n<p><b>So What Happened to Netflix's Paid Adds?</b></p>\n<p><img src=\"https://static.tigerbbs.com/17d1ce1d66e99396f67725dcfdaf3db8\" tg-width=\"769\" tg-height=\"476\" referrerpolicy=\"no-referrer\"></p>\n<p>Average Paying Membership by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/6ca327a13d9645fce263565653d4e390\" tg-width=\"827\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Average Paying Membership YoY Growth. Data Source: Company Filings</p>\n<p>As we could observe clearly from the charts above, the market reacted negatively to NFLX's Q1'21 results, sending the stock down 8.21% the day after the release. It added just 3.98M net paid members in Q1'21, which was significantly weaker than the previous quarters as can be seen from its YoY Growth. The management mainly attributed this to the strong pull forward growth in membership during Q1'20 that has somewhat skewed the base upwards and may have disproportionately affected its growth in Q1'21. Although I think there is a reasonable basis for that line of argument, however we did not observe such a drastic decline in Roku, Inc. (ROKU) in its active accounts in Q1'21 (see charts below).</p>\n<p><img src=\"https://static.tigerbbs.com/b6e96b19f4b3eef87be93ecce3953a19\" tg-width=\"878\" tg-height=\"543\" referrerpolicy=\"no-referrer\"></p>\n<p>Roku Active Accounts. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/04f4053e2022d4c90e8b8ec51c1fc295\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Roku Active Accounts YoY Growth. Data Source: Company Filings</p>\n<p>We could clearly observe Roku's Active accounts YoY growth of 34.7% in Q1'21 to be still largely in line with 2019's growth even though Roku also experienced pull forward growth from COVID-19 last year. Therefore, I think there is a reasonable basis to infer that NFLX's paid adds growth seemed to have slowed down pretty dramatically even though it should be noted that NFLX's net paid membership of 208M significantly outnumbered Roku's 53.6M active accounts and that was not a small difference.</p>\n<p>Now, if you are a short term trader or an \"investor\" with a horizon of 1 quarter, then perhaps it may be a reasonable basis to get out of the stock. However, for long term investors, many of whom NFLX has handsomely rewarded over the last ten years, we need to dig deeper to investigate whether there has been a significant change in its long term competitive moat from the latest quarter's aberration that may significantly change NFLX's ability to compete effectively and weaken the competitive dynamics of its business model.</p>\n<p><b>Revenue Growth Looks Good</b></p>\n<p><img src=\"https://static.tigerbbs.com/d8c6ed8cb94d2134ca5d0d79660ece07\" tg-width=\"1184\" tg-height=\"732\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/3ee95424dd68c5abe3591347f9dd9fad\" tg-width=\"1010\" tg-height=\"624\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue by Region YoY Growth. Data Source: Company Filings</p>\n<p>First up, let's take a look at its revenue by region performance. We could observe clearly that the company's most important revenue drivers: UCAN and EMEA had YoY revenue growth of 17.3% and 36% in Q1'21, respectively, as compared to 19.8% and 39.7% in Q1'20, respectively. Sure, there was a slight blip in its YoY growth rate in Q1'21, but it was still very much in line with Q4'20 YoY numbers (which Mr. Market cheered by pushing the stock up 17.74% the day after earnings release), so it was nothing too significant that warranted a serious look into its competitiveness. Moreover, its fastest growing region: APAC also looked to have performed well with a 57.6% YoY growth rate that was even better than Q1'20's YoY growth rate of 51.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/298a4247dfc847726b87f80e24cc874f\" tg-width=\"876\" tg-height=\"542\" referrerpolicy=\"no-referrer\"></p>\n<p>ARPU by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/ce59d0df25c1a8b2fde74a772c918433\" tg-width=\"1023\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>ARPU by Region YoY Growth. Data Source: Company Filings</p>\n<p>NFLX also performed admirably well in its ARPU. ARPU was up in all the regions except for LATAM where the growth was flat on a QoQ basis. Although ARPU growth was quite volatile between quarters, ARPU in UCAN, EMEA and APAC went up by 8.4%, 11.5% and 9% in Q1'21, respectively. Even though LATAM's ARPU was down YoY, but on a QoQ basis it was flat, so there was nothing materially serious to take note here. Therefore, NFLX's ARPU performance looked really good in Q1'21.</p>\n<p><img src=\"https://static.tigerbbs.com/bee3698456324209ed6c9cf58bed58da\" tg-width=\"1280\" tg-height=\"995\" referrerpolicy=\"no-referrer\"></p>\n<p>Timeline of NFLX Price Hikes. Source:Variety</p>\n<p>If NFLX had faced intense competitive pressure in the past that forced it into a price war with competing platforms as it acquired more users, we would have seen the company forced to reduce its prices over time. On the contrary, NFLX has been increasing its prices steadily over time, with the latest round of price hikes on October 20. Even though there were some knee-jerk cancellations from some subscribers in the short term over the price hikes, over the long term it has never affected the company's ability to attract more users. This shows NFLX's strong competitive moat that gives it a huge ability to raise prices over time without losing its subscribers. In fact,NFLX well encapsulatedits strong ability to retain its subscribers despite the price hikes:</p>\n<blockquote>\n Our churn is actually below pre-price change levels already in the U.S. and in most of the markets and where we have adjusted prices and just some of the newer ones haven't come all the way back down, but they're rapidly getting there.\n</blockquote>\n<p>These well-planned price increases are extremely beneficial to NFLX's topline, given NFLX's growing subscriber base as the recent price increase is expected toadd $500Mto NFLX's revenue in FY 21 (consensus: $29.72B). Even though it's not a significant sum as compared to the revenue base, however more importantly it demonstrated clearly that NFLX has considerable pricing power in a highly competitive SVOD segment.</p>\n<p><img src=\"https://static.tigerbbs.com/42059a78e3a3f7dc656556dc27761343\" tg-width=\"1280\" tg-height=\"958\" referrerpolicy=\"no-referrer\"></p>\n<p>Top Reasons for Video Streaming Subscription Cancellations. Source:Variety</p>\n<p>When we consider that the single most important reason for subscribers to cancel their streaming subscriptions is: \"If the subscription price increased\", then investors should now be able to really understand how Mr. Market has significantly underestimated NFLX's pricing power, which is extremely important to NFLX's business model to introduce more and more high quality content as its subscriber base gets larger over time.</p>\n<p>If we revisit NFLX's ARPU by region again, we could certainly see a generally healthy trend of ARPU over time even as the company increased its prices. It's important to note that increasing subscriptions prices is the primary way for it to further monetize its growing user base (although the company has also recently introduced more monetization methods such asNetflix shop, as well as thegaming market, so investors are highly encouraged to continue monitoring these developments). The price increases will help to bolster the consistency of the ARPU such that it would help with times when the company has found some difficulty in adding more users such as in Q1'21, while YoY revenue growth was still very healthy.</p>\n<p>Investors should take note that NFLX's growing membership base of 208M paying members is a formidable moat for it to keep producing its slate of high quality original content.</p>\n<p>Strong Content Pipeline</p>\n<p><img src=\"https://static.tigerbbs.com/02eea9bd487d52b352dd3894f2563edf\" tg-width=\"1043\" tg-height=\"646\" referrerpolicy=\"no-referrer\"></p>\n<p>Content Assets. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/4a49a1facb41f2c4e848cced7724c68d\" tg-width=\"910\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p>\n<p>Produced Content YoY Growth. Data Source: Company Filings</p>\n<p>NFLX has been growing its original content base rapidly over the last few years, although the COVID-19 crisis has somewhat slowed down its growth. Thecompany emphasized:</p>\n<blockquote>\n [W]e think we'll get back to a much steadier state in the back half of the year and certainly in Q4, where we've got the returning seasons of some of our most popular shows like The Witcher and You and Cobra Kai as well as some big tempo movies that came to market a little slower than we'd hoped, like Red Notes with The Rock and Ryan Reynolds and Gaga, and Escape From Spiderhead with Chris Hemsworth, big event content.\n</blockquote>\n<p>Therefore, the company is not resting on its laurels and would keep on its record of producing high quality content to keep engagement at a high level with its viewers.</p>\n<p><img src=\"https://static.tigerbbs.com/b4aaf52a7c9c18a4fc5664c9000282d1\" tg-width=\"1280\" tg-height=\"781\" referrerpolicy=\"no-referrer\"></p>\n<p>Ranking of original streaming series titles in the U.S. Data Source: Nielsen, Media Play News</p>\n<p>In this survey conducted in early May, NFLX's slate of original series took home 7 out of the top 10 slots for the most watched series, demonstrating the high quality and appeal of its content with viewers. In fact, there were many other surveys that also showed Netflix's dominance in viewership over time.</p>\n<p>Netflix's original content didn't just dominate hours watched, but also award nominations. The company highlighted its recent achievements:</p>\n<blockquote>\n Netflix led all studios for recent award nominations including the Oscars, Golden Globes, SAG Awards, BAFTA and the NAACP Image Awards, among others. Heading into the Academy Awards this weekend, we have 36 nominations across 17 films including two nominees in each of the Best Picture (Mank, The Trial of the Chicago 7), Best Documentary Feature (Crip Camp, My Octopus Teacher), and Best Animated Feature (Over the Moon, A Shaun The Sheep Movie: Farmageddon) categories. Mank led all films with 10 nominations.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/0a756085b63c0d9b1e40d39f3fd21609\" tg-width=\"764\" tg-height=\"473\" referrerpolicy=\"no-referrer\"></p>\n<p>Reasons for subscribing to SVOD services in the U.S. Data Source: Vorhaus Advisors</p>\n<p>As we could observe from the above, high quality original series (35%) and specific TV series or movies (43%) ranked very highly on the reasons for subscribing to SVOD services, and investors can rest assured that NFLX is certainly leading in these areas.</p>\n<p><img src=\"https://static.tigerbbs.com/afa2be3ca5cfa415aee98a9c45f8e6c9\" tg-width=\"956\" tg-height=\"591\" referrerpolicy=\"no-referrer\"></p>\n<p>Share of SVOD subscribers, who also subscribe to other services. Data Source: Reelgood</p>\n<p>In the SVOD space, we could clearly observe NFLX's importance to subscribers even if they subscribed to other services, which definitely helps to downplay the significance of increasing competitive threats to NFLX. In fact, NFLX was the most important service among these subscribers as the subscribers of the company's competitors also subscribed to NFLX: Peacock Premium (90%), HBO Max (90%), Amazon Prime (84%), Disney+ (87%), Hulu (85%) and Apple TV+ (92%), demonstrating clearly the importance and dominance of NFLX to its competitors' subscribers.</p>\n<p><img src=\"https://static.tigerbbs.com/a2c1e2c429e015e113242ffeac4d3f07\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Netflix Video Content Budget. Data Source: eMarketer</p>\n<p>Many critics also pointed to NFLX's increasing need to dedicate huge amounts of investments to drive its engagement levels, protect its moat, grow its revenue. In fact, I think unless NFLX is working on a model like Roku, whose business model I havediscussed recently here, having a high quality slate of original content is important in order to maintain its competitive edge, especially when we have witnessed a series of industry consolidation where NFLX may lose more and more access to high quality licensed content, so NFLX's committed investments in original content a few years ago led by Co-CEO Ted Sarandos has certainly been a masterstroke that has helped maintain the company's competitive edge. In addition, NFLX has been getting more and more efficient in producing original content over time, certainly helped by the large and growing paying membership base, which as I mentioned in itself is a strong moat.</p>\n<p><img src=\"https://static.tigerbbs.com/e592ee98fcd2477f5e9332e664c74afa\" tg-width=\"1153\" tg-height=\"712\" referrerpolicy=\"no-referrer\"></p>\n<p>Other Operating Activities [LTM] as a % of Revenue [LTM]. Data Source: S&amp;P Capital IQ</p>\n<p>NFLX's other operating activities segment mainly include the company's investments in content assets which are classified as a cash outflow in the company's Cash from Operations [CFO]. If we observed clearly, despite the company's increasing video content budget, these investments have been forming a smaller and smaller component of the company's revenue from 2018 (even if we were to exclude the skewed figures from recent quarters due to reduced original content being produced as a result of COVID-19 delays), demonstrating the company's improved CFO position that has driven results towards FCF profitability. As a result, this allowed the company to confidently declare to investors that: \"So we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter.\" This is definitely a highly important development, as that means NFLX now has more and more cash flow flexibility to invest in content to further drive its competitive edge against its closest rivals. The company's expected FCF profitability has also given the company confidence to announce a $5B share buyback in order to return excess cash to investors.</p>\n<p><img src=\"https://static.tigerbbs.com/ee2072e791610e16b97ed6d432f1fcb9\" tg-width=\"1280\" tg-height=\"750\" referrerpolicy=\"no-referrer\"></p>\n<p>Projected Revenue Consensus Estimates, Projected Revenue Growth, Unlevered FCF Margin. Data Source: S&amp;P Capital IQ</p>\n<p>In fact, when I factored in NFLX's growth assumptions into its forecast model, NFLX is expected to consistently improve its FCF margin in the years ahead, while maintaining a steady revenue growth over time. NFLX is fast becoming a FCF driver that is capable of sustaining its growth and protecting its competitive moat strongly.</p>\n<p><img src=\"https://static.tigerbbs.com/67cbb70240f511c861aa1e4fd5b8c00d\" tg-width=\"893\" tg-height=\"552\" referrerpolicy=\"no-referrer\">SVOD market share in Japan. Data Source: GEM Partners</p>\n<p>Turning to NFLX's fastest growing region: APAC (shortsighted investors seemed to ignore NFLX's dominance in this region). There's absolutely no doubt who was the clear leader in the SVOD market in Japan with NFLX holding a 19.5% market share. In fact, Japan was expected to take over Australia as APAC'slargest market by the end of 2021. Japan's revenue is expected to grow at about 37% YoY from $2.4B to $3.3B, and subscriptions from 25.5M to 33.3M, which would represent a 30.6% increase YoY.</p>\n<p><img src=\"https://static.tigerbbs.com/02d5751919369a578902516e76f5793a\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Most popular OTT in Korea. Data Source: IGAWorks</p>\n<p>In its third largest APAC market: Korea, NFLX is also the well-established leader with a market share well ahead of the other OTT services, allowing the company a lot of leverage in producing top quality original Korean content. Korean content is very popular in Asia, and Netflix relies heavily on the Korean Wave (Hallyu) as the main gateway to audiences in Asia and has committed$500M to invest in Korean content in 2021 alone, from $700M spent between 2015 to 2020. Co-CEO Ted Sarandos summed up the company's approach in Korean content:</p>\n<blockquote>\n <b>Over the last two years, we've seen the world falling in love with incredible Korean content</b>, made in Korea and watched by the world on Netflix. Our commitment towards Korea is strong. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/06889e84d7faf18b5d1a8da1b4542895\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Popular OTT for accessing Korean Dramas Worldwide. Data Source: Korean Foundation for International Cultural Exchange; MCST Korea</p>\n<p>Netflix's commitment to build up its investments in Korean content has allowed it to maintain a strong position as the second ranked OTT platform behind YouTube for worldwide access to Korean dramas mainly because in my opinion, AVOD-based YouTube is free. However, Netflix has produced a lot of Original Series Korean dramas that have often quickly become a hit, and which were not available for distribution on YouTube.</p>\n<p>The Elephant in the Room: Disney</p>\n<p><img src=\"https://static.tigerbbs.com/2eb61cee21092f710c0e1446f1d598d2\" tg-width=\"1207\" tg-height=\"746\" referrerpolicy=\"no-referrer\"></p>\n<p>Estimated number of SVOD subscribers worldwide. Data Source: Digital TV Research</p>\n<p>Disney (DIS) perhaps represents the largest threat in terms of subscribers growth as it's expected to take over NFLX as the largest SVOD player worldwide by 2026 with 294M subscribers as compared to NFLX's 286M subscribers.</p>\n<p>DIS has grown its subscribers base impressively as it reached103.6M subscribers in Q2'21. DIS's Hotstar platform is the dominant platform in two of Asia's most populated countries: Indonesia and India. This is expected to continue driving strong subscribers growth that would help it to exceed NFLX's subscriber base eventually.</p>\n<p><img src=\"https://static.tigerbbs.com/30f463be13597df4819879aa4b894285\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>DIS+ ARPU. Data Source: Company Filings</p>\n<p>However, DIS's ARPU is also substantially lower than NFLX as Hotstar is very much a lower-priced offering and therefore skewing DIS's ARPU to the downside even as it adds more users. However, Hotstar looks like the better equipped option for growth in these two important Asian markets for DIS and I think DISpossesses the edge over here.</p>\n<p><img src=\"https://static.tigerbbs.com/63f805876a22e4da556a27db39e6cdc8\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Estimated penetration rate. Data Source: The Motley Fool, Stifel</p>\n<p>However, NFLX is still expected to make inroads in all its segments, and particularly in APAC and EMEA as it continues to drive content growth to cater to the markets where it has the lead. l certainly think NFLX can't win in all markets, and in some markets the company definitely has to spend a lot more time and resources to develop them such as in APAC where its penetration is still very low, therefore offering huge potential for growth.</p>\n<p><img src=\"https://static.tigerbbs.com/20878384ca9242ab35b248fb2b73ff6f\" tg-width=\"951\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p>\n<p>OTT Revenue Worldwide. Data Source: Digital TV Research</p>\n<p>Most importantly, the whole market still offers a lot of opportunities for growth for well positioned players in both the AVOD and the SVOD space. In the SVOD market, it is expected to grow at about 10.16% CAGR from 2020 to 2025, which although not as fast as the AVOD market, it's still expected to grow at a highly respectable rate.</p>\n<p><b>Valuations are Not Expensive</b></p>\n<p><img src=\"https://static.tigerbbs.com/5d390f14679f74fb62a364d0921d5923\" tg-width=\"1280\" tg-height=\"733\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue CAGR and Revenue Multiples. Data Source: S&amp;P Capital IQ</p>\n<p>NFLX's projected growth (5Y CAGR of 15.1%) is definitely expected to slow as it matures, and turn FCF profitable. I don't think it's a bad thing. NFLX is still the dominant player in SVOD and expected to be so. In addition, it's still expected to grow faster than the SVOD market growth of 10.1%, thus further reinforcing NFLX's market leadership expectation. In addition, it's also trading at a slight discount on its EV / FY+1 Rev of 7.8x as compared to its 5Y Av. EV / LTM Rev of 8.8x.</p>\n<p><img src=\"https://static.tigerbbs.com/becc49bc5dfbfa222226bd7426fd4e9e\" tg-width=\"1280\" tg-height=\"707\" referrerpolicy=\"no-referrer\"></p>\n<p>CapEX Margin &amp; Projected CapEx Margin. Data Source: S&amp;P Capital IQ</p>\n<p><img src=\"https://static.tigerbbs.com/c44673eb90f5086b3eeae98397e1115f\" tg-width=\"1276\" tg-height=\"1122\" referrerpolicy=\"no-referrer\"></p>\n<p>5Y Av. EV / EBITDA &amp; EV / Fwd EBITDA. Data Source: S&amp;P Capital IQ</p>\n<p>Given that its CapEX margins (see above) are expected to be largely consistent over time as compared to the last few years, I also find it useful to consider its cash flow generating capacity and value it accordingly. When we consider NFLX's EV / Fwd EBITDA (see above), we could see the company's improved FCF generating capability has now made NFLX a lot more undervalued than when we compared it against its revenue growth.</p>\n<p><img src=\"https://static.tigerbbs.com/2e39e44f4f13ac6efc0b91aed6045771\" tg-width=\"1280\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p>\n<p>EV / Fwd (EBITDA - CapEx). Data Source: S&amp;P Capital IQ</p>\n<p>In fact, NFLX is expected to continue generating a high level FCF moving forward which would thus further support the NFLX's competitive valuation from the FCF point of view.</p>\n<p>Price Action and Technical Analysis</p>\n<p><img src=\"https://static.tigerbbs.com/2da4bd6973d2fa92a51a7b159b05efce\" tg-width=\"1280\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: TradingView</p>\n<p>The current price level at $489 is a possible entry point, with a more conservative entry point at $458. The \"Buy more\" entry point is at $398, which is also supported above the key 200W MA. Avoid buying near $563 and $593 in the near term as they look to be key resistance levels.</p>\n<p><b>Wrapping it all up</b></p>\n<p>Netflix's \"loss of competitiveness\" and \"weak fundamentals\" that were called into question recently are largely unfounded. The company enjoys strong dominance and competitive advantages in the SVOD market that is still expected to grow at double digit growth rates of which NFLX is expected to exploit in the years ahead.</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>Netflix: The Selloff Looks Overdone</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\">\nNetflix: The Selloff Looks Overdone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 17:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.\nHowever, short-sighted investors did not consider Netflix’s...</p>\n\n<a href=\"https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1193778475","content_text":"Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.\nHowever, short-sighted investors did not consider Netflix’s overall game to evaluate the strength of its moat.\nNetflix looks attractively-priced now, and should be a worthy addition to both value and growth investors.\n\nInvestment Thesis\nNetflix (NFLX) has come under the weather recently, as the company had to face increased competitive pressure from the growth of Disney+, recent industry consolidation fromWarner Bros. Discovery(T,DISCA) and Amazon's (AMZN)acquisition of MGM's deep content IP. Furthermore, the company also reported an\"underwhelming\" Q1'21results that saw the company even missing its own net membership adds estimates by 2m. In short, there seems to be no shortage of bad news for NFLX recently.\n\nSource: TradingView\nTherefore, it's not surprising to me at all that Mr. Market reacted somewhat negatively to all these competitive headwinds as NFLX remains about 18% off its January high, while QQQ is withintouching distance of its all time high. As a price-action, momentum based investor, seeing a stock that has demonstrated strong medium term and long term uptrend bias is of paramount importance to me and NFLX certainly checks all of that from this perspective. Although there are other growth stocks that have demonstrated a better uptrend bias profile, NFLX is not a slouch either. It has only lost its medium term 50W MA dynamic support only twice in the last 5 years: 2018 bear market decline of 45%, and Jul-Sep 19 decline of 35%. Even though the stock momentarily lost its 50W support level then, NFLX quickly regained its medium term support level, and during the COVID-19 bear market, NFLX never lost support of its medium term uptrend. Therefore, the 50W MA has proven to be a consistently strong medium term dynamic support level for NFLX over the last 5 years.\nNFLX's price has now approached its 50W support level again thanks to the weak market sentiments lately which makes it appropriate to discuss whether NFLX represents a good buying opportunity now for long term investors.\nSo What Happened to Netflix's Paid Adds?\n\nAverage Paying Membership by Region. Data Source: Company Filings\n\nAverage Paying Membership YoY Growth. Data Source: Company Filings\nAs we could observe clearly from the charts above, the market reacted negatively to NFLX's Q1'21 results, sending the stock down 8.21% the day after the release. It added just 3.98M net paid members in Q1'21, which was significantly weaker than the previous quarters as can be seen from its YoY Growth. The management mainly attributed this to the strong pull forward growth in membership during Q1'20 that has somewhat skewed the base upwards and may have disproportionately affected its growth in Q1'21. Although I think there is a reasonable basis for that line of argument, however we did not observe such a drastic decline in Roku, Inc. (ROKU) in its active accounts in Q1'21 (see charts below).\n\nRoku Active Accounts. Data Source: Company Filings\n\nRoku Active Accounts YoY Growth. Data Source: Company Filings\nWe could clearly observe Roku's Active accounts YoY growth of 34.7% in Q1'21 to be still largely in line with 2019's growth even though Roku also experienced pull forward growth from COVID-19 last year. Therefore, I think there is a reasonable basis to infer that NFLX's paid adds growth seemed to have slowed down pretty dramatically even though it should be noted that NFLX's net paid membership of 208M significantly outnumbered Roku's 53.6M active accounts and that was not a small difference.\nNow, if you are a short term trader or an \"investor\" with a horizon of 1 quarter, then perhaps it may be a reasonable basis to get out of the stock. However, for long term investors, many of whom NFLX has handsomely rewarded over the last ten years, we need to dig deeper to investigate whether there has been a significant change in its long term competitive moat from the latest quarter's aberration that may significantly change NFLX's ability to compete effectively and weaken the competitive dynamics of its business model.\nRevenue Growth Looks Good\n\nRevenue by Region. Data Source: Company Filings\n\nRevenue by Region YoY Growth. Data Source: Company Filings\nFirst up, let's take a look at its revenue by region performance. We could observe clearly that the company's most important revenue drivers: UCAN and EMEA had YoY revenue growth of 17.3% and 36% in Q1'21, respectively, as compared to 19.8% and 39.7% in Q1'20, respectively. Sure, there was a slight blip in its YoY growth rate in Q1'21, but it was still very much in line with Q4'20 YoY numbers (which Mr. Market cheered by pushing the stock up 17.74% the day after earnings release), so it was nothing too significant that warranted a serious look into its competitiveness. Moreover, its fastest growing region: APAC also looked to have performed well with a 57.6% YoY growth rate that was even better than Q1'20's YoY growth rate of 51.3%.\n\nARPU by Region. Data Source: Company Filings\n\nARPU by Region YoY Growth. Data Source: Company Filings\nNFLX also performed admirably well in its ARPU. ARPU was up in all the regions except for LATAM where the growth was flat on a QoQ basis. Although ARPU growth was quite volatile between quarters, ARPU in UCAN, EMEA and APAC went up by 8.4%, 11.5% and 9% in Q1'21, respectively. Even though LATAM's ARPU was down YoY, but on a QoQ basis it was flat, so there was nothing materially serious to take note here. Therefore, NFLX's ARPU performance looked really good in Q1'21.\n\nTimeline of NFLX Price Hikes. Source:Variety\nIf NFLX had faced intense competitive pressure in the past that forced it into a price war with competing platforms as it acquired more users, we would have seen the company forced to reduce its prices over time. On the contrary, NFLX has been increasing its prices steadily over time, with the latest round of price hikes on October 20. Even though there were some knee-jerk cancellations from some subscribers in the short term over the price hikes, over the long term it has never affected the company's ability to attract more users. This shows NFLX's strong competitive moat that gives it a huge ability to raise prices over time without losing its subscribers. In fact,NFLX well encapsulatedits strong ability to retain its subscribers despite the price hikes:\n\n Our churn is actually below pre-price change levels already in the U.S. and in most of the markets and where we have adjusted prices and just some of the newer ones haven't come all the way back down, but they're rapidly getting there.\n\nThese well-planned price increases are extremely beneficial to NFLX's topline, given NFLX's growing subscriber base as the recent price increase is expected toadd $500Mto NFLX's revenue in FY 21 (consensus: $29.72B). Even though it's not a significant sum as compared to the revenue base, however more importantly it demonstrated clearly that NFLX has considerable pricing power in a highly competitive SVOD segment.\n\nTop Reasons for Video Streaming Subscription Cancellations. Source:Variety\nWhen we consider that the single most important reason for subscribers to cancel their streaming subscriptions is: \"If the subscription price increased\", then investors should now be able to really understand how Mr. Market has significantly underestimated NFLX's pricing power, which is extremely important to NFLX's business model to introduce more and more high quality content as its subscriber base gets larger over time.\nIf we revisit NFLX's ARPU by region again, we could certainly see a generally healthy trend of ARPU over time even as the company increased its prices. It's important to note that increasing subscriptions prices is the primary way for it to further monetize its growing user base (although the company has also recently introduced more monetization methods such asNetflix shop, as well as thegaming market, so investors are highly encouraged to continue monitoring these developments). The price increases will help to bolster the consistency of the ARPU such that it would help with times when the company has found some difficulty in adding more users such as in Q1'21, while YoY revenue growth was still very healthy.\nInvestors should take note that NFLX's growing membership base of 208M paying members is a formidable moat for it to keep producing its slate of high quality original content.\nStrong Content Pipeline\n\nContent Assets. Data Source: Company Filings\n\nProduced Content YoY Growth. Data Source: Company Filings\nNFLX has been growing its original content base rapidly over the last few years, although the COVID-19 crisis has somewhat slowed down its growth. Thecompany emphasized:\n\n [W]e think we'll get back to a much steadier state in the back half of the year and certainly in Q4, where we've got the returning seasons of some of our most popular shows like The Witcher and You and Cobra Kai as well as some big tempo movies that came to market a little slower than we'd hoped, like Red Notes with The Rock and Ryan Reynolds and Gaga, and Escape From Spiderhead with Chris Hemsworth, big event content.\n\nTherefore, the company is not resting on its laurels and would keep on its record of producing high quality content to keep engagement at a high level with its viewers.\n\nRanking of original streaming series titles in the U.S. Data Source: Nielsen, Media Play News\nIn this survey conducted in early May, NFLX's slate of original series took home 7 out of the top 10 slots for the most watched series, demonstrating the high quality and appeal of its content with viewers. In fact, there were many other surveys that also showed Netflix's dominance in viewership over time.\nNetflix's original content didn't just dominate hours watched, but also award nominations. The company highlighted its recent achievements:\n\n Netflix led all studios for recent award nominations including the Oscars, Golden Globes, SAG Awards, BAFTA and the NAACP Image Awards, among others. Heading into the Academy Awards this weekend, we have 36 nominations across 17 films including two nominees in each of the Best Picture (Mank, The Trial of the Chicago 7), Best Documentary Feature (Crip Camp, My Octopus Teacher), and Best Animated Feature (Over the Moon, A Shaun The Sheep Movie: Farmageddon) categories. Mank led all films with 10 nominations.\n\n\nReasons for subscribing to SVOD services in the U.S. Data Source: Vorhaus Advisors\nAs we could observe from the above, high quality original series (35%) and specific TV series or movies (43%) ranked very highly on the reasons for subscribing to SVOD services, and investors can rest assured that NFLX is certainly leading in these areas.\n\nShare of SVOD subscribers, who also subscribe to other services. Data Source: Reelgood\nIn the SVOD space, we could clearly observe NFLX's importance to subscribers even if they subscribed to other services, which definitely helps to downplay the significance of increasing competitive threats to NFLX. In fact, NFLX was the most important service among these subscribers as the subscribers of the company's competitors also subscribed to NFLX: Peacock Premium (90%), HBO Max (90%), Amazon Prime (84%), Disney+ (87%), Hulu (85%) and Apple TV+ (92%), demonstrating clearly the importance and dominance of NFLX to its competitors' subscribers.\n\nNetflix Video Content Budget. Data Source: eMarketer\nMany critics also pointed to NFLX's increasing need to dedicate huge amounts of investments to drive its engagement levels, protect its moat, grow its revenue. In fact, I think unless NFLX is working on a model like Roku, whose business model I havediscussed recently here, having a high quality slate of original content is important in order to maintain its competitive edge, especially when we have witnessed a series of industry consolidation where NFLX may lose more and more access to high quality licensed content, so NFLX's committed investments in original content a few years ago led by Co-CEO Ted Sarandos has certainly been a masterstroke that has helped maintain the company's competitive edge. In addition, NFLX has been getting more and more efficient in producing original content over time, certainly helped by the large and growing paying membership base, which as I mentioned in itself is a strong moat.\n\nOther Operating Activities [LTM] as a % of Revenue [LTM]. Data Source: S&P Capital IQ\nNFLX's other operating activities segment mainly include the company's investments in content assets which are classified as a cash outflow in the company's Cash from Operations [CFO]. If we observed clearly, despite the company's increasing video content budget, these investments have been forming a smaller and smaller component of the company's revenue from 2018 (even if we were to exclude the skewed figures from recent quarters due to reduced original content being produced as a result of COVID-19 delays), demonstrating the company's improved CFO position that has driven results towards FCF profitability. As a result, this allowed the company to confidently declare to investors that: \"So we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter.\" This is definitely a highly important development, as that means NFLX now has more and more cash flow flexibility to invest in content to further drive its competitive edge against its closest rivals. The company's expected FCF profitability has also given the company confidence to announce a $5B share buyback in order to return excess cash to investors.\n\nProjected Revenue Consensus Estimates, Projected Revenue Growth, Unlevered FCF Margin. Data Source: S&P Capital IQ\nIn fact, when I factored in NFLX's growth assumptions into its forecast model, NFLX is expected to consistently improve its FCF margin in the years ahead, while maintaining a steady revenue growth over time. NFLX is fast becoming a FCF driver that is capable of sustaining its growth and protecting its competitive moat strongly.\nSVOD market share in Japan. Data Source: GEM Partners\nTurning to NFLX's fastest growing region: APAC (shortsighted investors seemed to ignore NFLX's dominance in this region). There's absolutely no doubt who was the clear leader in the SVOD market in Japan with NFLX holding a 19.5% market share. In fact, Japan was expected to take over Australia as APAC'slargest market by the end of 2021. Japan's revenue is expected to grow at about 37% YoY from $2.4B to $3.3B, and subscriptions from 25.5M to 33.3M, which would represent a 30.6% increase YoY.\n\nMost popular OTT in Korea. Data Source: IGAWorks\nIn its third largest APAC market: Korea, NFLX is also the well-established leader with a market share well ahead of the other OTT services, allowing the company a lot of leverage in producing top quality original Korean content. Korean content is very popular in Asia, and Netflix relies heavily on the Korean Wave (Hallyu) as the main gateway to audiences in Asia and has committed$500M to invest in Korean content in 2021 alone, from $700M spent between 2015 to 2020. Co-CEO Ted Sarandos summed up the company's approach in Korean content:\n\nOver the last two years, we've seen the world falling in love with incredible Korean content, made in Korea and watched by the world on Netflix. Our commitment towards Korea is strong. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats.\n\n\nPopular OTT for accessing Korean Dramas Worldwide. Data Source: Korean Foundation for International Cultural Exchange; MCST Korea\nNetflix's commitment to build up its investments in Korean content has allowed it to maintain a strong position as the second ranked OTT platform behind YouTube for worldwide access to Korean dramas mainly because in my opinion, AVOD-based YouTube is free. However, Netflix has produced a lot of Original Series Korean dramas that have often quickly become a hit, and which were not available for distribution on YouTube.\nThe Elephant in the Room: Disney\n\nEstimated number of SVOD subscribers worldwide. Data Source: Digital TV Research\nDisney (DIS) perhaps represents the largest threat in terms of subscribers growth as it's expected to take over NFLX as the largest SVOD player worldwide by 2026 with 294M subscribers as compared to NFLX's 286M subscribers.\nDIS has grown its subscribers base impressively as it reached103.6M subscribers in Q2'21. DIS's Hotstar platform is the dominant platform in two of Asia's most populated countries: Indonesia and India. This is expected to continue driving strong subscribers growth that would help it to exceed NFLX's subscriber base eventually.\n\nDIS+ ARPU. Data Source: Company Filings\nHowever, DIS's ARPU is also substantially lower than NFLX as Hotstar is very much a lower-priced offering and therefore skewing DIS's ARPU to the downside even as it adds more users. However, Hotstar looks like the better equipped option for growth in these two important Asian markets for DIS and I think DISpossesses the edge over here.\n\nEstimated penetration rate. Data Source: The Motley Fool, Stifel\nHowever, NFLX is still expected to make inroads in all its segments, and particularly in APAC and EMEA as it continues to drive content growth to cater to the markets where it has the lead. l certainly think NFLX can't win in all markets, and in some markets the company definitely has to spend a lot more time and resources to develop them such as in APAC where its penetration is still very low, therefore offering huge potential for growth.\n\nOTT Revenue Worldwide. Data Source: Digital TV Research\nMost importantly, the whole market still offers a lot of opportunities for growth for well positioned players in both the AVOD and the SVOD space. In the SVOD market, it is expected to grow at about 10.16% CAGR from 2020 to 2025, which although not as fast as the AVOD market, it's still expected to grow at a highly respectable rate.\nValuations are Not Expensive\n\nRevenue CAGR and Revenue Multiples. Data Source: S&P Capital IQ\nNFLX's projected growth (5Y CAGR of 15.1%) is definitely expected to slow as it matures, and turn FCF profitable. I don't think it's a bad thing. NFLX is still the dominant player in SVOD and expected to be so. In addition, it's still expected to grow faster than the SVOD market growth of 10.1%, thus further reinforcing NFLX's market leadership expectation. In addition, it's also trading at a slight discount on its EV / FY+1 Rev of 7.8x as compared to its 5Y Av. EV / LTM Rev of 8.8x.\n\nCapEX Margin & Projected CapEx Margin. Data Source: S&P Capital IQ\n\n5Y Av. EV / EBITDA & EV / Fwd EBITDA. Data Source: S&P Capital IQ\nGiven that its CapEX margins (see above) are expected to be largely consistent over time as compared to the last few years, I also find it useful to consider its cash flow generating capacity and value it accordingly. When we consider NFLX's EV / Fwd EBITDA (see above), we could see the company's improved FCF generating capability has now made NFLX a lot more undervalued than when we compared it against its revenue growth.\n\nEV / Fwd (EBITDA - CapEx). Data Source: S&P Capital IQ\nIn fact, NFLX is expected to continue generating a high level FCF moving forward which would thus further support the NFLX's competitive valuation from the FCF point of view.\nPrice Action and Technical Analysis\n\nSource: TradingView\nThe current price level at $489 is a possible entry point, with a more conservative entry point at $458. The \"Buy more\" entry point is at $398, which is also supported above the key 200W MA. Avoid buying near $563 and $593 in the near term as they look to be key resistance levels.\nWrapping it all up\nNetflix's \"loss of competitiveness\" and \"weak fundamentals\" that were called into question recently are largely unfounded. The company enjoys strong dominance and competitive advantages in the SVOD market that is still expected to grow at double digit growth rates of which NFLX is expected to exploit in the years ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385438622,"gmtCreate":1613571225966,"gmtModify":1704882191517,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/3573361937273706\">@Zhaoxiang</a>: Hi","listText":"//<a href=\"https://laohu8.com/U/3573361937273706\">@Zhaoxiang</a>: Hi","text":"//@Zhaoxiang: Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385438622","repostId":"2111400269","repostType":4,"repost":{"id":"2111400269","pubTimestamp":1613453285,"share":"https://ttm.financial/m/news/2111400269?lang=&edition=fundamental","pubTime":"2021-02-16 13:28","market":"us","language":"en","title":"The Single Biggest Threat To The Electric Vehicle Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=2111400269","media":"Oilprice","summary":"2020 ushered in the start of the EV boom, but it could have a frightening aftershock.\nWe’re already ","content":"<p>2020 ushered in the start of the EV boom, but it could have a frightening aftershock.</p>\n<p>We’re already seeing some of the incredible triple-digit gains in EV companies like Tesla and Workhorse.</p>\n<p>And this EV wave is only expected to grow bigger in the days ahead under the Biden administration.</p>\n<p>Just a week after inauguration, President Biden reported he plans to replace the entire government fleet with electric vehicles.</p>\n<p>That’s up to 643,000 vehicles turning electric on the government’s dime.</p>\n<p>But Toyota’s president, Akio Toyoda, had an ominous prediction for what could lie ahead.</p>\n<p>He stated that if EVs are adopted too quickly, we may not have the energy to support them at this point.</p>\n<p>In fact, he predicted Japan would run out of electricity by summer if they banned all gas-powered vehicles now.</p>\n<p><b>He even went as far as to say that if we rush the process of transitioning to EVs all at once, “the current business model of the auto industry is going to collapse.”</b></p>\n<p>While the buzz for electric vehicles has only grown over the last year, many often miss this key piece in making such a drastic shift in such a short period.</p>\n<p>And although it’s expected to create plenty of demand for solar, wind, nuclear, and geothermal energy sources…</p>\n<p>At this point in the game, they are still too expensive and lack the storage capacity we’d need for those to be the final solution.</p>\n<p><b>That’s why companies bridging the gap to the EV world are thriving.</b></p>\n<p>Facedrive (TSXV:FD,OTC:FDVRF), a company known for its “people and planet first” approach, has seen incredible success over the last year, for example.</p>\n<p>They recently acquired EV subscription company, Steer, from the largest clean energy producer in the United States.</p>\n<p>Steer’s subscription model for EV cars is putting a major twist on the traditional car ownership model.</p>\n<p><img src=\"https://static.tigerbbs.com/126245cb01e2b0a711cee9e86041666b\" tg-width=\"450\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p>\n<p>So instead of everyone going out and buying their own EV, they can borrow <a href=\"https://laohu8.com/S/AONE\">one</a> as-needed instead.</p>\n<p>With Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to a fleet of EVs at their disposal.</p>\n<p>Over the last year, big moves like this have helped Facedrive sign a number of important partnerships and deals including government agencies, A-list celebrities, and major multinational corporations.</p>\n<p>And they’ve even managed to grow their business throughout the United States and Canada during a time when ridesharing as an industry suffered during global lockdowns.</p>\n<p>When looking at the energy shortage that could lie ahead, it’s likely that creative solutions will be key in bridging the gap to the inevitable EV future.</p>\n<p><b>Smartest in the World Making Bold Predictions</b></p>\n<p>While Toyota’s president made a dark prediction about where we could be headed, he’s not alone in being concerned.</p>\n<p>Elon Musk expressed his own concerns about the issue recently as well.</p>\n<p><b>In an interview in December, he said that the world’s electricity consumption would likely </b><b><i>double </i></b><b>once EVs become the norm.</b></p>\n<p>And that’s only accounting for this mass adoption in electric vehicles.</p>\n<p>The situation could become even more pressing as the rest of our lives grow increasingly digital too, sucking up more electricity in the process.</p>\n<p>With the “internet of things” creating smart cities and smart homes, the demand for electricity will only go up as everything from Peloton bikes to Nest thermostats are now connected by the internet.</p>\n<p>Plus, peak times could cause a real problem if we don’t come up with new energy solutions.</p>\n<p>With thousands of cars on the roads during morning and evening commutes, it’s not hard to imagine times where we simply wouldn’t have enough power to charge all EVs that need it at once.</p>\n<p>Given the speed of innovation and the amount of resources going into renewable energy right now though, this is sure to be a short-term issue until the next great solution is discovered.</p>\n<p><b>But in the meantime, Facedrive’s moves are putting them squarely in position to smooth out the transition.</b></p>\n<p>And in addition to the monthly membership model used with Steer, they’re helping keep the number of cars on the road down through their signature ridesharing service.</p>\n<p>Their model is simple.</p>\n<p>When customers hail a ride, they have the choice to ride in an electric vehicle or a standard gas-powered car.</p>\n<p>After they get to their destination, the Facedrive (TSXV:FD,OTC:FDVRF) algorithm sets aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.</p>\n<p>In other words, you ride, they plant a tree.</p>\n<p>Through next-gen technology and partnerships, they’re giving their customers the option to make a more eco-friendly choice if they choose.</p>\n<p>Plus, Facedrive has added a booming food delivery service, which has expanded at a record pace while folks were stuck at home during global lockdowns.</p>\n<p>They’re now delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities throughout the U.S. and Canada soon.</p>\n<p>It's this kind of innovative thinking that has many so optimistic about the opportunities that lie ahead.</p>\n<p><b>Who Will Win In The EV Boom?</b></p>\n<p>Elon Musk warned that, like with the boom in smartphones, we’re not likely to see the EV revolution all happen at once. Because just like with smartphones, you can’t replace them all at once.</p>\n<p><b>But it’s undeniable that the movement is growing at a remarkable pace.</b></p>\n<p>Even under an administration that was not supportive of climate change and green initiatives, the EV markets have soared throughout 2020.</p>\n<p>Tesla was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest market stories of the year, locking in over 700% gains on its way to becoming one of the largest companies on the S&amp;P 500.</p>\n<p>And experts are expecting to see massive spending on the infrastructure needed for EVs under the Biden administration too.</p>\n<p>In addition to his vow to spend more on clean energy research, President Biden also reported plans to build out 550,000 EV charging stations across the country.</p>\n<p>With the growth we’ve seen in this area already, it’s also caused shares for companies like Plug Power to soar over 1,000% in 2020.</p>\n<p><b>And Facedrive has been sharing in this success too, with incredible gains of 834% over the last year.</b></p>\n<p>But while they’re helping smooth out the transition to the EV future, they’ve also been busy helping to solve the problems of today.</p>\n<p>Last year, they created a wearable contact tracing technology called TraceSCAN.</p>\n<p>It’s designed to help alert those without cell phones when they’ve been in contact with someone who’s tested positive for COVID-19.</p>\n<p><img src=\"https://static.tigerbbs.com/eccc1881977dca15dfa8dcfd6b9d3702\" tg-width=\"234\" tg-height=\"290\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/e4a968fd9b9813944bb52def761df3f0\" tg-width=\"180\" tg-height=\"275\" referrerpolicy=\"no-referrer\"></p>\n<p>With wearables gaining widespread adoption since the release of devices like the Fitbit or Apple Watch, the demand for TraceSCAN has erupted in recent months.</p>\n<p>And in the coming weeks, Facedrive plans to release an updated version with key health and safety benefits like temperature checking and vital sign monitoring.</p>\n<p>Facedrive has now signed agreements with government agencies and major airlines to use this technology.</p>\n<p>Plus, they are currently in discussions to continue TraceSCAN’s growth with major multinational corporations.</p>\n<p>After the surge in electric vehicle tech we saw last year, now is the time to plan for the domino effect we could see play out in the days ahead.</p>\n<p>And in the end, it could be the ones helping in the transition that become the biggest winners of the EV boom.</p>\n<p>Here are a few other companies to watch in the EV and EV related space:</p>\n<p><b>Tesla (NASDAQ:TSLA)</b> was among the biggest market stories of 2020 with incredible gains of over 700%. This helped them become one of the highest-valued stocks in the United States with other Big Tech giants. It is now the most valuable car maker “of all time”. It is now worth almost $800 billion.</p>\n<p>After a much-touted Battery Day event and expectations of Musk developing a “Million Mile Battery” in the near future, Tesla recently joined the S&amp;P 500.</p>\n<p>Tesla is the de-facto king of the electric vehicle market. And it’s easy to see why. Armed with slick cars, game-changing technology and an out of this world CEO, Tesla has a lot going for it.</p>\n<p>Billionaire Elon Musk had his eye on this trend far before the hype started building. He released the first Tesla Roadster back in 2008, making electric vehicles cool when people were still snubbing their noses at the first-generation EVs. Since then, Tesla’s stock has skyrocketed by over 14,000%. But while Tesla’s EV threat to the industry is clear, the competition is heating up in China.</p>\n<p><b>Nio (NYSE:NIO)</b> is Tesla’s biggest competitor, dominating the Chinese EV markets. After going public in 2018, it’s been on a tear, producing vehicles with record-breaking range. They recently unveiled their first electric sedan with a longer range battery, which sent shares surging in early January.</p>\n<p>Nio’s current performance is a far cry from just one year ago In fact, many shareholders were ready to write off their losses and give up on the company. But China’s answer to Tesla’s dominance powered on, eclipsed estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to a high of $61 this month, representing a massive 1600% return for investors who held strong.</p>\n<p>By NIO’s fourth quarter report in October, the company announced that its sales had more than doubled, projecting even greater sales in 2021. The EV up-and-comer has shocked investors and pulled itself back after its rumored potential bankruptcy in 2019, and if this year shows investors anything, it’s that its CEO William Li is as skilled and ambitious as anyone in the business.</p>\n<p><b>Toyota Motors (NYSE:TM)</b> is a massive international car producer that hasn’t ignored the transition to greener transportation. In fact, the Toyota Prius was one of the first hybrids to hit the road in a big way. While the legacy hybrid vehicle has been the butt of many jokes throughout the years, the car has been a major success, and more importantly, it helped spur the adoption of greener vehicles for years to come.</p>\n<p>And just because its Prius hasn’t exactly aged as well as some green competitors, Toyota hasn’t left the green power race yet. Just a few days ago, actually, the giant automaker announced that three new electric vehicles will be coming to United States markets soon.</p>\n<p>“We continue to be leaders in electrification that began with our pioneering introduction of the Prius nearly 25 years ago,” said Bob Carter, TMNA executive vice president of sales. “Toyota’s new electrified product offerings will give customers multiple choices of powertrain that best suits their needs.”</p>\n<p>Toyota has a major hold over U.S. markets at the moment. In fact, it maintains a 75% share of total fuel cell vehicles and a 64% share in hybrid and plug-in vehicles. And now it’s looking to capture a greater share of electric vehicles, as well.</p>\n<p><b>General Motors (NYSE:GM)</b> is one of the legacy automakers benefiting from a shift from gas-powered to EV technology. Even with the downfall of Detroit, GM has persisted, and that’s due in large part to its ability to adapt. In fact, GM’s dive into alternative fuels began way back in 1966 when it produced the world’s first-ever hydrogen-powered van. And it has not stopped innovating, either.</p>\n<p>With the news of GM’s new business unit, BrightDrop, they plan to sell electric vans and services to commercial delivery companies, disrupting the market for delivery logistics. This is a huge move as delivery sales have absolutely exploded during the COVID-19 pandemic, and are projected to grow even further over the coming years.</p>\n<p>And in January 2021, the giant automaker announced that it will discontinue production of all gas-powered vehicles, including hybrids, by 2035. This is a key factor in its commitment to become carbon-net zero by 2040.&nbsp; The move will likely sit well with shareholders which are increasingly pushing for companies to clean up their act.</p>\n<p><b><a href=\"https://laohu8.com/S/BLNK\">Blink Charging</a> (NASDAQ:BLNK)</b> is building an EV charging network that may be small right now, but it’s got explosive growth potential that is as big as the EV market itself.&nbsp;&nbsp;This stock is on a major tear and all that cash flowing into it right now gives <b>Blink</b> the superpower to acquire and expand.</p>\n<p>A wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support to the bullish case for <b>Blink</b>.</p>\n<p>Michael D. Farkas, Founder, CEO and Executive Chairman of <b>Blink</b> noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”</p>\n<p>Blink Charging was one of the darlings of the EV boom throughout 2020 because of its expansion in EV charging technology. With their chargers deployed at airports, car dealers, hospitals, restaurants, retailers, and schools across the nation, Blink recently saw shares jump 76% in just one month.</p>\n<p><b>NFI Group (TSX:NFI) </b>is one of Canada’s leaders in the electric vehicle space. It produces transit busses and motorcycles. <b>NFI</b> had a difficult start to the year, but it since cut its debt and begun to address its cash flow struggles in a meaningful way. Though it remains down from January highs, <b>NFI</b> still offers investors a promising opportunity to capitalize on the electric vehicle boom.</p>\n<p>Recently, <b>NFI</b> has seen an uptick in insider stock purchases which is often a sign that the board and management strongly believe in the future of the company. In addition to its increasingly positive financial reports, it is also one of the few in the business that actually pay dividends out to its investors.</p>\n<p>Not to be outdone,<b> GreenPower Motor (TSX.V:GPV) </b>a thriving electric bus manufacturer based out of Vancouver, is making moves on the market, as well. Although for the moment, its focus is primarily on the North American market, but its ambitions are much larger. Founded over a decade ago, <b>GreenPower</b> has been on the frontlines of the electric transportation movement, with a focus on building affordable battery-electric busses and trucks.</p>\n<p>Year-to-date, <b>GreenPower</b> has seen its share price soar from $2.03 to $36.88. That means investors have seen 1700% gains this year alone. And with this red-hot sector only going up, <b>GreenPower</b> will likely continue to impress.</p>\n<p><b>Boralex Inc. (TSX:BLX)</b> is an upcoming renewable firm based in Kingsey Falls, Canada. The company’s primary energies are produced through wind, hydroelectric, thermal, and solar sources and help power the homes of many people globally. Not only has it has had a great influence in the adoption of renewable electricity domestically, it’s even branching out into the United States, France, and the United Kingdom. In fact, just recently, <b>Boralex</b> took control of a massive 209MW solar farm in California.</p>\n<p><b>Westport Fuel Systems (TSX:WPRT)</b> is a unique way to get in on the green boom in the auto industry.. It helps build the tools needed for carmakers to incorporate less damaging fuels like natural gas. Though natural gas doesn’t get quite the attention as electric vehicles do, there are over 22.5&nbsp; million natural gas vehicles on the road across the globe. And that market is expected to grow as the energy transition really takes off.</p>\n<p><b><a href=\"https://laohu8.com/S/DSGX\">The Descartes Systems Group Inc</a>. (TSX:DSG)</b> is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud-based services for logistics businesses. Recently, Descartes announced that it has successfully deployed its advanced capacity matching solution, Descartes MacroPoint Capacity Matching. The solution provides greater visibility and transparency within their network of carriers and brokers. This move could solidify the company as a key player in transportation logistics which is essential-and-often-overlooked in the mitigation of rising carbon emissions.</p>","source":"lsy1606109400967","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Single Biggest Threat To The Electric Vehicle Boom</title>\n<style 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}\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\">\nThe Single Biggest Threat To The Electric Vehicle Boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://oilprice.com/Energy/Energy-General/The-Single-Biggest-Threat-To-The-Electric-Vehicle-Boom.html><strong>Oilprice</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>2020 ushered in the start of the EV boom, but it could have a frightening aftershock.\nWe’re already seeing some of the incredible triple-digit gains in EV companies like Tesla and Workhorse.\nAnd this ...</p>\n\n<a href=\"https://oilprice.com/Energy/Energy-General/The-Single-Biggest-Threat-To-The-Electric-Vehicle-Boom.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TM":"丰田汽车","LI":"理想汽车","NIO":"蔚来","TSLA":"特斯拉","XPEV":"小鹏汽车"},"source_url":"https://oilprice.com/Energy/Energy-General/The-Single-Biggest-Threat-To-The-Electric-Vehicle-Boom.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2111400269","content_text":"2020 ushered in the start of the EV boom, but it could have a frightening aftershock.\nWe’re already seeing some of the incredible triple-digit gains in EV companies like Tesla and Workhorse.\nAnd this EV wave is only expected to grow bigger in the days ahead under the Biden administration.\nJust a week after inauguration, President Biden reported he plans to replace the entire government fleet with electric vehicles.\nThat’s up to 643,000 vehicles turning electric on the government’s dime.\nBut Toyota’s president, Akio Toyoda, had an ominous prediction for what could lie ahead.\nHe stated that if EVs are adopted too quickly, we may not have the energy to support them at this point.\nIn fact, he predicted Japan would run out of electricity by summer if they banned all gas-powered vehicles now.\nHe even went as far as to say that if we rush the process of transitioning to EVs all at once, “the current business model of the auto industry is going to collapse.”\nWhile the buzz for electric vehicles has only grown over the last year, many often miss this key piece in making such a drastic shift in such a short period.\nAnd although it’s expected to create plenty of demand for solar, wind, nuclear, and geothermal energy sources…\nAt this point in the game, they are still too expensive and lack the storage capacity we’d need for those to be the final solution.\nThat’s why companies bridging the gap to the EV world are thriving.\nFacedrive (TSXV:FD,OTC:FDVRF), a company known for its “people and planet first” approach, has seen incredible success over the last year, for example.\nThey recently acquired EV subscription company, Steer, from the largest clean energy producer in the United States.\nSteer’s subscription model for EV cars is putting a major twist on the traditional car ownership model.\n\nSo instead of everyone going out and buying their own EV, they can borrow one as-needed instead.\nWith Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to a fleet of EVs at their disposal.\nOver the last year, big moves like this have helped Facedrive sign a number of important partnerships and deals including government agencies, A-list celebrities, and major multinational corporations.\nAnd they’ve even managed to grow their business throughout the United States and Canada during a time when ridesharing as an industry suffered during global lockdowns.\nWhen looking at the energy shortage that could lie ahead, it’s likely that creative solutions will be key in bridging the gap to the inevitable EV future.\nSmartest in the World Making Bold Predictions\nWhile Toyota’s president made a dark prediction about where we could be headed, he’s not alone in being concerned.\nElon Musk expressed his own concerns about the issue recently as well.\nIn an interview in December, he said that the world’s electricity consumption would likely double once EVs become the norm.\nAnd that’s only accounting for this mass adoption in electric vehicles.\nThe situation could become even more pressing as the rest of our lives grow increasingly digital too, sucking up more electricity in the process.\nWith the “internet of things” creating smart cities and smart homes, the demand for electricity will only go up as everything from Peloton bikes to Nest thermostats are now connected by the internet.\nPlus, peak times could cause a real problem if we don’t come up with new energy solutions.\nWith thousands of cars on the roads during morning and evening commutes, it’s not hard to imagine times where we simply wouldn’t have enough power to charge all EVs that need it at once.\nGiven the speed of innovation and the amount of resources going into renewable energy right now though, this is sure to be a short-term issue until the next great solution is discovered.\nBut in the meantime, Facedrive’s moves are putting them squarely in position to smooth out the transition.\nAnd in addition to the monthly membership model used with Steer, they’re helping keep the number of cars on the road down through their signature ridesharing service.\nTheir model is simple.\nWhen customers hail a ride, they have the choice to ride in an electric vehicle or a standard gas-powered car.\nAfter they get to their destination, the Facedrive (TSXV:FD,OTC:FDVRF) algorithm sets aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.\nIn other words, you ride, they plant a tree.\nThrough next-gen technology and partnerships, they’re giving their customers the option to make a more eco-friendly choice if they choose.\nPlus, Facedrive has added a booming food delivery service, which has expanded at a record pace while folks were stuck at home during global lockdowns.\nThey’re now delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities throughout the U.S. and Canada soon.\nIt's this kind of innovative thinking that has many so optimistic about the opportunities that lie ahead.\nWho Will Win In The EV Boom?\nElon Musk warned that, like with the boom in smartphones, we’re not likely to see the EV revolution all happen at once. Because just like with smartphones, you can’t replace them all at once.\nBut it’s undeniable that the movement is growing at a remarkable pace.\nEven under an administration that was not supportive of climate change and green initiatives, the EV markets have soared throughout 2020.\nTesla was one of the biggest market stories of the year, locking in over 700% gains on its way to becoming one of the largest companies on the S&P 500.\nAnd experts are expecting to see massive spending on the infrastructure needed for EVs under the Biden administration too.\nIn addition to his vow to spend more on clean energy research, President Biden also reported plans to build out 550,000 EV charging stations across the country.\nWith the growth we’ve seen in this area already, it’s also caused shares for companies like Plug Power to soar over 1,000% in 2020.\nAnd Facedrive has been sharing in this success too, with incredible gains of 834% over the last year.\nBut while they’re helping smooth out the transition to the EV future, they’ve also been busy helping to solve the problems of today.\nLast year, they created a wearable contact tracing technology called TraceSCAN.\nIt’s designed to help alert those without cell phones when they’ve been in contact with someone who’s tested positive for COVID-19.\n\nWith wearables gaining widespread adoption since the release of devices like the Fitbit or Apple Watch, the demand for TraceSCAN has erupted in recent months.\nAnd in the coming weeks, Facedrive plans to release an updated version with key health and safety benefits like temperature checking and vital sign monitoring.\nFacedrive has now signed agreements with government agencies and major airlines to use this technology.\nPlus, they are currently in discussions to continue TraceSCAN’s growth with major multinational corporations.\nAfter the surge in electric vehicle tech we saw last year, now is the time to plan for the domino effect we could see play out in the days ahead.\nAnd in the end, it could be the ones helping in the transition that become the biggest winners of the EV boom.\nHere are a few other companies to watch in the EV and EV related space:\nTesla (NASDAQ:TSLA) was among the biggest market stories of 2020 with incredible gains of over 700%. This helped them become one of the highest-valued stocks in the United States with other Big Tech giants. It is now the most valuable car maker “of all time”. It is now worth almost $800 billion.\nAfter a much-touted Battery Day event and expectations of Musk developing a “Million Mile Battery” in the near future, Tesla recently joined the S&P 500.\nTesla is the de-facto king of the electric vehicle market. And it’s easy to see why. Armed with slick cars, game-changing technology and an out of this world CEO, Tesla has a lot going for it.\nBillionaire Elon Musk had his eye on this trend far before the hype started building. He released the first Tesla Roadster back in 2008, making electric vehicles cool when people were still snubbing their noses at the first-generation EVs. Since then, Tesla’s stock has skyrocketed by over 14,000%. But while Tesla’s EV threat to the industry is clear, the competition is heating up in China.\nNio (NYSE:NIO) is Tesla’s biggest competitor, dominating the Chinese EV markets. After going public in 2018, it’s been on a tear, producing vehicles with record-breaking range. They recently unveiled their first electric sedan with a longer range battery, which sent shares surging in early January.\nNio’s current performance is a far cry from just one year ago In fact, many shareholders were ready to write off their losses and give up on the company. But China’s answer to Tesla’s dominance powered on, eclipsed estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to a high of $61 this month, representing a massive 1600% return for investors who held strong.\nBy NIO’s fourth quarter report in October, the company announced that its sales had more than doubled, projecting even greater sales in 2021. The EV up-and-comer has shocked investors and pulled itself back after its rumored potential bankruptcy in 2019, and if this year shows investors anything, it’s that its CEO William Li is as skilled and ambitious as anyone in the business.\nToyota Motors (NYSE:TM) is a massive international car producer that hasn’t ignored the transition to greener transportation. In fact, the Toyota Prius was one of the first hybrids to hit the road in a big way. While the legacy hybrid vehicle has been the butt of many jokes throughout the years, the car has been a major success, and more importantly, it helped spur the adoption of greener vehicles for years to come.\nAnd just because its Prius hasn’t exactly aged as well as some green competitors, Toyota hasn’t left the green power race yet. Just a few days ago, actually, the giant automaker announced that three new electric vehicles will be coming to United States markets soon.\n“We continue to be leaders in electrification that began with our pioneering introduction of the Prius nearly 25 years ago,” said Bob Carter, TMNA executive vice president of sales. “Toyota’s new electrified product offerings will give customers multiple choices of powertrain that best suits their needs.”\nToyota has a major hold over U.S. markets at the moment. In fact, it maintains a 75% share of total fuel cell vehicles and a 64% share in hybrid and plug-in vehicles. And now it’s looking to capture a greater share of electric vehicles, as well.\nGeneral Motors (NYSE:GM) is one of the legacy automakers benefiting from a shift from gas-powered to EV technology. Even with the downfall of Detroit, GM has persisted, and that’s due in large part to its ability to adapt. In fact, GM’s dive into alternative fuels began way back in 1966 when it produced the world’s first-ever hydrogen-powered van. And it has not stopped innovating, either.\nWith the news of GM’s new business unit, BrightDrop, they plan to sell electric vans and services to commercial delivery companies, disrupting the market for delivery logistics. This is a huge move as delivery sales have absolutely exploded during the COVID-19 pandemic, and are projected to grow even further over the coming years.\nAnd in January 2021, the giant automaker announced that it will discontinue production of all gas-powered vehicles, including hybrids, by 2035. This is a key factor in its commitment to become carbon-net zero by 2040.  The move will likely sit well with shareholders which are increasingly pushing for companies to clean up their act.\nBlink Charging (NASDAQ:BLNK) is building an EV charging network that may be small right now, but it’s got explosive growth potential that is as big as the EV market itself.  This stock is on a major tear and all that cash flowing into it right now gives Blink the superpower to acquire and expand.\nA wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support to the bullish case for Blink.\nMichael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”\nBlink Charging was one of the darlings of the EV boom throughout 2020 because of its expansion in EV charging technology. With their chargers deployed at airports, car dealers, hospitals, restaurants, retailers, and schools across the nation, Blink recently saw shares jump 76% in just one month.\nNFI Group (TSX:NFI) is one of Canada’s leaders in the electric vehicle space. It produces transit busses and motorcycles. NFI had a difficult start to the year, but it since cut its debt and begun to address its cash flow struggles in a meaningful way. Though it remains down from January highs, NFI still offers investors a promising opportunity to capitalize on the electric vehicle boom.\nRecently, NFI has seen an uptick in insider stock purchases which is often a sign that the board and management strongly believe in the future of the company. In addition to its increasingly positive financial reports, it is also one of the few in the business that actually pay dividends out to its investors.\nNot to be outdone, GreenPower Motor (TSX.V:GPV) a thriving electric bus manufacturer based out of Vancouver, is making moves on the market, as well. Although for the moment, its focus is primarily on the North American market, but its ambitions are much larger. Founded over a decade ago, GreenPower has been on the frontlines of the electric transportation movement, with a focus on building affordable battery-electric busses and trucks.\nYear-to-date, GreenPower has seen its share price soar from $2.03 to $36.88. That means investors have seen 1700% gains this year alone. And with this red-hot sector only going up, GreenPower will likely continue to impress.\nBoralex Inc. (TSX:BLX) is an upcoming renewable firm based in Kingsey Falls, Canada. The company’s primary energies are produced through wind, hydroelectric, thermal, and solar sources and help power the homes of many people globally. Not only has it has had a great influence in the adoption of renewable electricity domestically, it’s even branching out into the United States, France, and the United Kingdom. In fact, just recently, Boralex took control of a massive 209MW solar farm in California.\nWestport Fuel Systems (TSX:WPRT) is a unique way to get in on the green boom in the auto industry.. It helps build the tools needed for carmakers to incorporate less damaging fuels like natural gas. Though natural gas doesn’t get quite the attention as electric vehicles do, there are over 22.5  million natural gas vehicles on the road across the globe. And that market is expected to grow as the energy transition really takes off.\nThe Descartes Systems Group Inc. (TSX:DSG) is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud-based services for logistics businesses. Recently, Descartes announced that it has successfully deployed its advanced capacity matching solution, Descartes MacroPoint Capacity Matching. The solution provides greater visibility and transparency within their network of carriers and brokers. This move could solidify the company as a key player in transportation logistics which is essential-and-often-overlooked in the mitigation of rising carbon emissions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385494245,"gmtCreate":1613570868687,"gmtModify":1704882183433,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>To the moon! Pls like my post! Thanks!","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>To the moon! Pls like my post! Thanks!","text":"$Senseonics(SENS)$To the moon! Pls like my post! Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/385494245","isVote":1,"tweetType":1,"viewCount":504,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573361937273706","authorId":"3573361937273706","name":"Zhaoxiang","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"idStr":"3573361937273706","authorIdStr":"3573361937273706"},"content":"commented","text":"commented","html":"commented"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":385494245,"gmtCreate":1613570868687,"gmtModify":1704882183433,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>To the moon! Pls like my post! Thanks!","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>To the moon! Pls like my post! Thanks!","text":"$Senseonics(SENS)$To the moon! Pls like my post! Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/385494245","isVote":1,"tweetType":1,"viewCount":504,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573361937273706","authorId":"3573361937273706","name":"Zhaoxiang","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"idStr":"3573361937273706","authorIdStr":"3573361937273706"},"content":"commented","text":"commented","html":"commented"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167534444,"gmtCreate":1624276289588,"gmtModify":1703832175464,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167534444","repostId":"1136676913","repostType":4,"repost":{"id":"1136676913","pubTimestamp":1624276108,"share":"https://ttm.financial/m/news/1136676913?lang=&edition=fundamental","pubTime":"2021-06-21 19:48","market":"us","language":"en","title":"Analyst Says Bionano Genomics Has 26% Upside: Should You Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=1136676913","media":"InvestorPlace","summary":"Before you buy some BNGO stock, you might want to check out some of the competition.\n\nBTIG analyst S","content":"<blockquote>\n Before you buy some BNGO stock, you might want to check out some of the competition.\n</blockquote>\n<p>BTIG analyst Sung Ji Nam recentlyinitiated coverageof&nbsp;<b>Bionano Genomics</b>(NASDAQ:<b><u>BNGO</u></b>) with a buy rating and a 12-month price target of $10. If you were to buy BNGO stock as I write this, you’d be looking at 26% upside.</p>\n<p><img src=\"https://static.tigerbbs.com/17ec6b03b81df5d4f8becb23f4b8a099\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Shutterstock</p>\n<p>If it means anything, in my most recent article about BNGO, I suggested thatenough good stuff had happenedat the company related to its Saphyr Systems that it was worth more than $5. If you could pick up some of its stock between $5 and $6, it appeared to be a decent speculative bet.</p>\n<p>Since then, it’s gained almost 40%. I have to give credit where credit is due.<i>InvestorPlace’s</i>Louis Navellier’s positive comments about the company’s flagship product and its acquisition of a Utah-based provider of diagnostic services, I wouldn’t have been as aggressive in my prognosis.</p>\n<p>While Saphyr is gaining traction, Bionano isn’t perfect.</p>\n<p>Before you grab your phone, pull up your broker’s app, and make the stock buy, it’s probably a good idea to consider the pros and cons of doing so.</p>\n<p><b>The Pros of Owning BNGO Stock</b></p>\n<p>It’s not very often that I recommend a stock that trades in single digits. I know I’ve recommended<b>Sirius XM Holdings</b>(NASDAQ:<b><u>SIRI</u></b>) as recently asJuly 2020. It’s gained about 12% since. Not a home run by any means.</p>\n<p>In recent years, due to the rise of cannabis stocks, I’m confident I’ve recommended some of the names in that space trading in single digits. I’ve probably got middling success there as well.</p>\n<p>As I stated at the top, BTIG analyst Sung Ji Nam likes what Bionano’s been up to in cytogenetics testing.</p>\n<p>“We believe BNGO is on the cusp of disrupting the cytogenetics testing market currently served by karyotyping, microarray and FISH techniques and representing BNGO stock-estimated near-term TAM of $700mm to $1bn, driven by an expanding body of clinical evidence supporting the higher accuracy and superior workflow efficiency of BNGO’s OGM (optical genome mapping) technology,”<i>TipRanks</i>reported the analyst saying in a note to clients.</p>\n<p>For those of you unfamiliar with cytogenetics, the National Human Genome Research Institutedescribes itas “the branch of genetics that studies the structure of DNA (deoxyribonucleic acid) within the cell nucleus.”</p>\n<p>It goes on to say it’s really just the act of looking at genetic material through a microscope, or in the case of Saphyr, running the genetic material through its system to detectchromosomal aberrations.-</p>\n<p>The termskaryotyping,microarray, andFISH(fluorescence in situ hybridization) are mentioned in the analysts’ note to clients.</p>\n<p>Karyotyping is the process of determining whether someone has 46 chromosomes. For example, if a person has an extra Chromosome 21, that person likely has Down syndrome. Microarrays are microscope slides pre-printed with thousands of tiny dots, each a known DNA sequence or gene. Lastly, according to the National Human Genome Research Institute, FISH is “a technique for detecting and locating a specific DNA sequence on a chromosome.”</p>\n<p>I really should have paid more attention in my high school science classes.</p>\n<p>Needless to say, the analyst believes that Bionano’s revenues are set to accelerate over the next few years as more hospitals and labs jump on the Saphyr bandwagon. Further, Nam stated it is “well-positioned to replace multiple traditional cytogenetic technology tools.”</p>\n<p>Double digits, here we come.</p>\n<p><b>The Downside Risk</b></p>\n<p>Thanks to the company’s two equity sales in January, you can’t argue with the strength of its balance sheet. It finished March with$362 millionin cash against just $14.9 million in debt for a net cash position of $347 million.</p>\n<p>The biggest risk that I see to the company and its stock is that it only generated $3.2 million of revenue in the first quarter. Future revenues will come from selling Saphyr Systems to academic and governmental research institutions. Those institutions have changing budgets based on funding, etc. Therefore, there is no guarantee the demand will keep rising.</p>\n<p><i>InvestorPlace’s</i>Muslim Farooque is one of the few IP contributors witha negative spinon the company. He believes that the company’s estimated $3-billion addressable market won’t be nearly as easy a nut to crack as most think.</p>\n<p>Its competition is intense. On pg. 41 of its 2020 10-K, Bionano points out that it has at leastfive existing competitorsin the genome mapping market: Pacific Biosciences of California, Oxford Nanopore Technologies, 10x Genomics, Genomic Vision and Dovetail Genomics.</p>\n<p><b>Pacific Biosciences</b>(NASDAQ:<b><u>PACB</u></b>) generated more than9x the revenueas BNGO in the first quarter. PacBio is backed by an affiliate of<b>SoftBank Group</b>(OTCMKTS:<b><u>SFTBY</u></b>). In February, they invested $900 million in convertible senior notes in the company.</p>\n<p>I don’t know if you’ve noticed, but lately,SoftBank’s been righta lot more than it’s been wrong. Who’s Bionano got backing them up?</p>\n<p>Farooque finished his article by suggesting that investors not jump into the deep end with BNGO until it gets its installed base of Saphyr Systems to its stated goal of 15o, or preferably beyond, by the end of 2021.</p>\n<p>He’s right. Sometimes in investing, you have to play a little defense.</p>\n<p><b>Bottom Line</b></p>\n<p>Just as I recommended speculative investors pick up BNGO stock between $5 and $6 in my last article, I suggest interested investors give themselves a greater margin of safety by buying under $7. It won’t guarantee your success, but it will give you a bit more cushion on the downside.</p>\n<p>In addition, I would definitely check out Pacific Bio and the rest of its competition. As I always like to say, you always have options.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analyst Says Bionano Genomics Has 26% Upside: Should You Buy?</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\">\nAnalyst Says Bionano Genomics Has 26% Upside: Should You Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/analyst-says-bionano-genomics-and-bngo-stock-has-26-upside-should-you-buy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Before you buy some BNGO stock, you might want to check out some of the competition.\n\nBTIG analyst Sung Ji Nam recentlyinitiated coverageof Bionano Genomics(NASDAQ:BNGO) with a buy rating and a 12-...</p>\n\n<a href=\"https://investorplace.com/2021/06/analyst-says-bionano-genomics-and-bngo-stock-has-26-upside-should-you-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNGO":"Bionano Genomics"},"source_url":"https://investorplace.com/2021/06/analyst-says-bionano-genomics-and-bngo-stock-has-26-upside-should-you-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136676913","content_text":"Before you buy some BNGO stock, you might want to check out some of the competition.\n\nBTIG analyst Sung Ji Nam recentlyinitiated coverageof Bionano Genomics(NASDAQ:BNGO) with a buy rating and a 12-month price target of $10. If you were to buy BNGO stock as I write this, you’d be looking at 26% upside.\nSource: Shutterstock\nIf it means anything, in my most recent article about BNGO, I suggested thatenough good stuff had happenedat the company related to its Saphyr Systems that it was worth more than $5. If you could pick up some of its stock between $5 and $6, it appeared to be a decent speculative bet.\nSince then, it’s gained almost 40%. I have to give credit where credit is due.InvestorPlace’sLouis Navellier’s positive comments about the company’s flagship product and its acquisition of a Utah-based provider of diagnostic services, I wouldn’t have been as aggressive in my prognosis.\nWhile Saphyr is gaining traction, Bionano isn’t perfect.\nBefore you grab your phone, pull up your broker’s app, and make the stock buy, it’s probably a good idea to consider the pros and cons of doing so.\nThe Pros of Owning BNGO Stock\nIt’s not very often that I recommend a stock that trades in single digits. I know I’ve recommendedSirius XM Holdings(NASDAQ:SIRI) as recently asJuly 2020. It’s gained about 12% since. Not a home run by any means.\nIn recent years, due to the rise of cannabis stocks, I’m confident I’ve recommended some of the names in that space trading in single digits. I’ve probably got middling success there as well.\nAs I stated at the top, BTIG analyst Sung Ji Nam likes what Bionano’s been up to in cytogenetics testing.\n“We believe BNGO is on the cusp of disrupting the cytogenetics testing market currently served by karyotyping, microarray and FISH techniques and representing BNGO stock-estimated near-term TAM of $700mm to $1bn, driven by an expanding body of clinical evidence supporting the higher accuracy and superior workflow efficiency of BNGO’s OGM (optical genome mapping) technology,”TipRanksreported the analyst saying in a note to clients.\nFor those of you unfamiliar with cytogenetics, the National Human Genome Research Institutedescribes itas “the branch of genetics that studies the structure of DNA (deoxyribonucleic acid) within the cell nucleus.”\nIt goes on to say it’s really just the act of looking at genetic material through a microscope, or in the case of Saphyr, running the genetic material through its system to detectchromosomal aberrations.-\nThe termskaryotyping,microarray, andFISH(fluorescence in situ hybridization) are mentioned in the analysts’ note to clients.\nKaryotyping is the process of determining whether someone has 46 chromosomes. For example, if a person has an extra Chromosome 21, that person likely has Down syndrome. Microarrays are microscope slides pre-printed with thousands of tiny dots, each a known DNA sequence or gene. Lastly, according to the National Human Genome Research Institute, FISH is “a technique for detecting and locating a specific DNA sequence on a chromosome.”\nI really should have paid more attention in my high school science classes.\nNeedless to say, the analyst believes that Bionano’s revenues are set to accelerate over the next few years as more hospitals and labs jump on the Saphyr bandwagon. Further, Nam stated it is “well-positioned to replace multiple traditional cytogenetic technology tools.”\nDouble digits, here we come.\nThe Downside Risk\nThanks to the company’s two equity sales in January, you can’t argue with the strength of its balance sheet. It finished March with$362 millionin cash against just $14.9 million in debt for a net cash position of $347 million.\nThe biggest risk that I see to the company and its stock is that it only generated $3.2 million of revenue in the first quarter. Future revenues will come from selling Saphyr Systems to academic and governmental research institutions. Those institutions have changing budgets based on funding, etc. Therefore, there is no guarantee the demand will keep rising.\nInvestorPlace’sMuslim Farooque is one of the few IP contributors witha negative spinon the company. He believes that the company’s estimated $3-billion addressable market won’t be nearly as easy a nut to crack as most think.\nIts competition is intense. On pg. 41 of its 2020 10-K, Bionano points out that it has at leastfive existing competitorsin the genome mapping market: Pacific Biosciences of California, Oxford Nanopore Technologies, 10x Genomics, Genomic Vision and Dovetail Genomics.\nPacific Biosciences(NASDAQ:PACB) generated more than9x the revenueas BNGO in the first quarter. PacBio is backed by an affiliate ofSoftBank Group(OTCMKTS:SFTBY). In February, they invested $900 million in convertible senior notes in the company.\nI don’t know if you’ve noticed, but lately,SoftBank’s been righta lot more than it’s been wrong. Who’s Bionano got backing them up?\nFarooque finished his article by suggesting that investors not jump into the deep end with BNGO until it gets its installed base of Saphyr Systems to its stated goal of 15o, or preferably beyond, by the end of 2021.\nHe’s right. Sometimes in investing, you have to play a little defense.\nBottom Line\nJust as I recommended speculative investors pick up BNGO stock between $5 and $6 in my last article, I suggest interested investors give themselves a greater margin of safety by buying under $7. It won’t guarantee your success, but it will give you a bit more cushion on the downside.\nIn addition, I would definitely check out Pacific Bio and the rest of its competition. As I always like to say, you always have options.","news_type":1},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385438622,"gmtCreate":1613571225966,"gmtModify":1704882191517,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/3573361937273706\">@Zhaoxiang</a>: Hi","listText":"//<a href=\"https://laohu8.com/U/3573361937273706\">@Zhaoxiang</a>: Hi","text":"//@Zhaoxiang: Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385438622","repostId":"2111400269","repostType":4,"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160020529,"gmtCreate":1623767044861,"gmtModify":1703818784099,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"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/160020529","repostId":"1179958588","repostType":4,"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160067463,"gmtCreate":1623767018352,"gmtModify":1703818782627,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"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/160067463","isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160069552,"gmtCreate":1623766792276,"gmtModify":1703818771520,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"up","listText":"up","text":"up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160069552","repostId":"2143735199","repostType":2,"repost":{"id":"2143735199","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623707280,"share":"https://ttm.financial/m/news/2143735199?lang=&edition=fundamental","pubTime":"2021-06-15 05:48","market":"us","language":"en","title":"Meme-stock traders start to converge on shares of insulin-pump maker Senseonics","url":"https://stock-news.laohu8.com/highlight/detail?id=2143735199","media":"Dow Jones","summary":"MW Meme-stock traders start to converge on shares of insulin-pump maker Senseonics\n\n\n  By MarketWatc","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Meme-stock traders start to converge on shares of insulin-pump maker Senseonics\n</p>\n<p>\n  By MarketWatch \n</p>\n<p>\n  MARKETWATCH FRONT PAGE  \n</p>\n<p>\n  Senseonics is flying as  high short interest and a huge surge in social media mentions fuels another \"Memic Monday.\"  See full story  . \n</p>\n<p>\n  Musk says Tesla sold about 10% of bitcoin to test market, and will 'resume allowing crypto transactions' when 50% of miners use clean energy \n</p>\n<p>\n  Prices of the world's No. 1 crypto on Sunday trade sharply higher after digital-asset bull Elon Musk says Tesla would resume allowing transactions at the vehicle-maker's stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources.   See full story  . \n</p>\n<p>\n  Is it time for Americans to drop their infatuation with the PCR test? That's what this COVID-19 testing expert thinks \n</p>\n<p>\n  Dr. Michael Mina is an assistant professor of epidemiology at the Harvard T.H. Chan School of Public Health.  See full story  . \n</p>\n<p>\n  Paul Tudor Jones sees 'green light to bet heavily on every inflation trade' if Fed ignores price pressures Wednesday \n</p>\n<p>\n  Billionaire investor Paul Tudor Jones says that if the Federal Reserve ignores rising price pressures on Wednesday, it will be a \"green light on every inflation trade.\"  See full story  . \n</p>\n<p>\n  As new car inventory dries up, here are the ones that are almost impossible to get \n</p>\n<p>\n  Whether it's a chip shortage or a strong economy, whatever the cause, <a href=\"https://laohu8.com/S/AONE\">one</a> thing that's for sure is new cars are in short supply. These models are nearly nonexistent on dealer lots.  See full story  . \n</p>\n<p>\n  MARKETWATCH PERSONAL FINANCE  \n</p>\n<p>\n  'The pandemic sent my life back to the 1950s, as I had to cook, provide tech support and homeschool our child.'  See full story  . \n</p>\n<p>\n  -MarketWatch; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 14, 2021 17:48 ET (21:48 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meme-stock traders start to converge on shares of insulin-pump maker Senseonics</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeme-stock traders start to converge on shares of insulin-pump maker Senseonics\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-15 05:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Meme-stock traders start to converge on shares of insulin-pump maker Senseonics\n</p>\n<p>\n  By MarketWatch \n</p>\n<p>\n  MARKETWATCH FRONT PAGE  \n</p>\n<p>\n  Senseonics is flying as  high short interest and a huge surge in social media mentions fuels another \"Memic Monday.\"  See full story  . \n</p>\n<p>\n  Musk says Tesla sold about 10% of bitcoin to test market, and will 'resume allowing crypto transactions' when 50% of miners use clean energy \n</p>\n<p>\n  Prices of the world's No. 1 crypto on Sunday trade sharply higher after digital-asset bull Elon Musk says Tesla would resume allowing transactions at the vehicle-maker's stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources.   See full story  . \n</p>\n<p>\n  Is it time for Americans to drop their infatuation with the PCR test? That's what this COVID-19 testing expert thinks \n</p>\n<p>\n  Dr. Michael Mina is an assistant professor of epidemiology at the Harvard T.H. Chan School of Public Health.  See full story  . \n</p>\n<p>\n  Paul Tudor Jones sees 'green light to bet heavily on every inflation trade' if Fed ignores price pressures Wednesday \n</p>\n<p>\n  Billionaire investor Paul Tudor Jones says that if the Federal Reserve ignores rising price pressures on Wednesday, it will be a \"green light on every inflation trade.\"  See full story  . \n</p>\n<p>\n  As new car inventory dries up, here are the ones that are almost impossible to get \n</p>\n<p>\n  Whether it's a chip shortage or a strong economy, whatever the cause, <a href=\"https://laohu8.com/S/AONE\">one</a> thing that's for sure is new cars are in short supply. These models are nearly nonexistent on dealer lots.  See full story  . \n</p>\n<p>\n  MARKETWATCH PERSONAL FINANCE  \n</p>\n<p>\n  'The pandemic sent my life back to the 1950s, as I had to cook, provide tech support and homeschool our child.'  See full story  . \n</p>\n<p>\n  -MarketWatch; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 14, 2021 17:48 ET (21:48 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SENS":"Senseonics Holdings,Inc."},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143735199","content_text":"MW Meme-stock traders start to converge on shares of insulin-pump maker Senseonics\n\n\n  By MarketWatch \n\n\n  MARKETWATCH FRONT PAGE  \n\n\n  Senseonics is flying as  high short interest and a huge surge in social media mentions fuels another \"Memic Monday.\"  See full story  . \n\n\n  Musk says Tesla sold about 10% of bitcoin to test market, and will 'resume allowing crypto transactions' when 50% of miners use clean energy \n\n\n  Prices of the world's No. 1 crypto on Sunday trade sharply higher after digital-asset bull Elon Musk says Tesla would resume allowing transactions at the vehicle-maker's stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources.   See full story  . \n\n\n  Is it time for Americans to drop their infatuation with the PCR test? That's what this COVID-19 testing expert thinks \n\n\n  Dr. Michael Mina is an assistant professor of epidemiology at the Harvard T.H. Chan School of Public Health.  See full story  . \n\n\n  Paul Tudor Jones sees 'green light to bet heavily on every inflation trade' if Fed ignores price pressures Wednesday \n\n\n  Billionaire investor Paul Tudor Jones says that if the Federal Reserve ignores rising price pressures on Wednesday, it will be a \"green light on every inflation trade.\"  See full story  . \n\n\n  As new car inventory dries up, here are the ones that are almost impossible to get \n\n\n  Whether it's a chip shortage or a strong economy, whatever the cause, one thing that's for sure is new cars are in short supply. These models are nearly nonexistent on dealer lots.  See full story  . \n\n\n  MARKETWATCH PERSONAL FINANCE  \n\n\n  'The pandemic sent my life back to the 1950s, as I had to cook, provide tech support and homeschool our child.'  See full story  . \n\n\n  -MarketWatch; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June 14, 2021 17:48 ET (21:48 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160069624,"gmtCreate":1623766783268,"gmtModify":1703818771359,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"up","listText":"up","text":"up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160069624","repostId":"2143735405","repostType":2,"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160069134,"gmtCreate":1623766771028,"gmtModify":1703818770870,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"up","listText":"up","text":"up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160069134","repostId":"2143351967","repostType":2,"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160014054,"gmtCreate":1623766383178,"gmtModify":1703818752401,"author":{"id":"3573464191695932","authorId":"3573464191695932","name":"CuriousInv","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573464191695932","authorIdStr":"3573464191695932"},"themes":[],"htmlText":"Like and comment pls thx!","listText":"Like and comment pls thx!","text":"Like and comment pls thx!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160014054","repostId":"1193778475","repostType":2,"repost":{"id":"1193778475","pubTimestamp":1623749978,"share":"https://ttm.financial/m/news/1193778475?lang=&edition=fundamental","pubTime":"2021-06-15 17:39","market":"us","language":"en","title":"Netflix: The Selloff Looks Overdone","url":"https://stock-news.laohu8.com/highlight/detail?id=1193778475","media":"seekingalpha","summary":"Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive e","content":"<p><b>Summary</b></p>\n<ul>\n <li>Netflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.</li>\n <li>However, short-sighted investors did not consider Netflix’s overall game to evaluate the strength of its moat.</li>\n <li>Netflix looks attractively-priced now, and should be a worthy addition to both value and growth investors.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>Netflix (NFLX) has come under the weather recently, as the company had to face increased competitive pressure from the growth of Disney+, recent industry consolidation fromWarner Bros. Discovery(T,DISCA) and Amazon's (AMZN)acquisition of MGM's deep content IP. Furthermore, the company also reported an\"underwhelming\" Q1'21results that saw the company even missing its own net membership adds estimates by 2m. In short, there seems to be no shortage of bad news for NFLX recently.</p>\n<p><img src=\"https://static.tigerbbs.com/59d9e43b35cbdb0cbc2330837c796371\" tg-width=\"1280\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: TradingView</p>\n<p>Therefore, it's not surprising to me at all that Mr. Market reacted somewhat negatively to all these competitive headwinds as NFLX remains about 18% off its January high, while QQQ is withintouching distance of its all time high. As a price-action, momentum based investor, seeing a stock that has demonstrated strong medium term and long term uptrend bias is of paramount importance to me and NFLX certainly checks all of that from this perspective. Although there are other growth stocks that have demonstrated a better uptrend bias profile, NFLX is not a slouch either. It has only lost its medium term 50W MA dynamic support only twice in the last 5 years: 2018 bear market decline of 45%, and Jul-Sep 19 decline of 35%. Even though the stock momentarily lost its 50W support level then, NFLX quickly regained its medium term support level, and during the COVID-19 bear market, NFLX never lost support of its medium term uptrend. Therefore, the 50W MA has proven to be a consistently strong medium term dynamic support level for NFLX over the last 5 years.</p>\n<p>NFLX's price has now approached its 50W support level again thanks to the weak market sentiments lately which makes it appropriate to discuss whether NFLX represents a good buying opportunity now for long term investors.</p>\n<p><b>So What Happened to Netflix's Paid Adds?</b></p>\n<p><img src=\"https://static.tigerbbs.com/17d1ce1d66e99396f67725dcfdaf3db8\" tg-width=\"769\" tg-height=\"476\" referrerpolicy=\"no-referrer\"></p>\n<p>Average Paying Membership by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/6ca327a13d9645fce263565653d4e390\" tg-width=\"827\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Average Paying Membership YoY Growth. Data Source: Company Filings</p>\n<p>As we could observe clearly from the charts above, the market reacted negatively to NFLX's Q1'21 results, sending the stock down 8.21% the day after the release. It added just 3.98M net paid members in Q1'21, which was significantly weaker than the previous quarters as can be seen from its YoY Growth. The management mainly attributed this to the strong pull forward growth in membership during Q1'20 that has somewhat skewed the base upwards and may have disproportionately affected its growth in Q1'21. Although I think there is a reasonable basis for that line of argument, however we did not observe such a drastic decline in Roku, Inc. (ROKU) in its active accounts in Q1'21 (see charts below).</p>\n<p><img src=\"https://static.tigerbbs.com/b6e96b19f4b3eef87be93ecce3953a19\" tg-width=\"878\" tg-height=\"543\" referrerpolicy=\"no-referrer\"></p>\n<p>Roku Active Accounts. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/04f4053e2022d4c90e8b8ec51c1fc295\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Roku Active Accounts YoY Growth. Data Source: Company Filings</p>\n<p>We could clearly observe Roku's Active accounts YoY growth of 34.7% in Q1'21 to be still largely in line with 2019's growth even though Roku also experienced pull forward growth from COVID-19 last year. Therefore, I think there is a reasonable basis to infer that NFLX's paid adds growth seemed to have slowed down pretty dramatically even though it should be noted that NFLX's net paid membership of 208M significantly outnumbered Roku's 53.6M active accounts and that was not a small difference.</p>\n<p>Now, if you are a short term trader or an \"investor\" with a horizon of 1 quarter, then perhaps it may be a reasonable basis to get out of the stock. However, for long term investors, many of whom NFLX has handsomely rewarded over the last ten years, we need to dig deeper to investigate whether there has been a significant change in its long term competitive moat from the latest quarter's aberration that may significantly change NFLX's ability to compete effectively and weaken the competitive dynamics of its business model.</p>\n<p><b>Revenue Growth Looks Good</b></p>\n<p><img src=\"https://static.tigerbbs.com/d8c6ed8cb94d2134ca5d0d79660ece07\" tg-width=\"1184\" tg-height=\"732\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/3ee95424dd68c5abe3591347f9dd9fad\" tg-width=\"1010\" tg-height=\"624\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue by Region YoY Growth. Data Source: Company Filings</p>\n<p>First up, let's take a look at its revenue by region performance. We could observe clearly that the company's most important revenue drivers: UCAN and EMEA had YoY revenue growth of 17.3% and 36% in Q1'21, respectively, as compared to 19.8% and 39.7% in Q1'20, respectively. Sure, there was a slight blip in its YoY growth rate in Q1'21, but it was still very much in line with Q4'20 YoY numbers (which Mr. Market cheered by pushing the stock up 17.74% the day after earnings release), so it was nothing too significant that warranted a serious look into its competitiveness. Moreover, its fastest growing region: APAC also looked to have performed well with a 57.6% YoY growth rate that was even better than Q1'20's YoY growth rate of 51.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/298a4247dfc847726b87f80e24cc874f\" tg-width=\"876\" tg-height=\"542\" referrerpolicy=\"no-referrer\"></p>\n<p>ARPU by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/ce59d0df25c1a8b2fde74a772c918433\" tg-width=\"1023\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>ARPU by Region YoY Growth. Data Source: Company Filings</p>\n<p>NFLX also performed admirably well in its ARPU. ARPU was up in all the regions except for LATAM where the growth was flat on a QoQ basis. Although ARPU growth was quite volatile between quarters, ARPU in UCAN, EMEA and APAC went up by 8.4%, 11.5% and 9% in Q1'21, respectively. Even though LATAM's ARPU was down YoY, but on a QoQ basis it was flat, so there was nothing materially serious to take note here. Therefore, NFLX's ARPU performance looked really good in Q1'21.</p>\n<p><img src=\"https://static.tigerbbs.com/bee3698456324209ed6c9cf58bed58da\" tg-width=\"1280\" tg-height=\"995\" referrerpolicy=\"no-referrer\"></p>\n<p>Timeline of NFLX Price Hikes. Source:Variety</p>\n<p>If NFLX had faced intense competitive pressure in the past that forced it into a price war with competing platforms as it acquired more users, we would have seen the company forced to reduce its prices over time. On the contrary, NFLX has been increasing its prices steadily over time, with the latest round of price hikes on October 20. Even though there were some knee-jerk cancellations from some subscribers in the short term over the price hikes, over the long term it has never affected the company's ability to attract more users. This shows NFLX's strong competitive moat that gives it a huge ability to raise prices over time without losing its subscribers. In fact,NFLX well encapsulatedits strong ability to retain its subscribers despite the price hikes:</p>\n<blockquote>\n Our churn is actually below pre-price change levels already in the U.S. and in most of the markets and where we have adjusted prices and just some of the newer ones haven't come all the way back down, but they're rapidly getting there.\n</blockquote>\n<p>These well-planned price increases are extremely beneficial to NFLX's topline, given NFLX's growing subscriber base as the recent price increase is expected toadd $500Mto NFLX's revenue in FY 21 (consensus: $29.72B). Even though it's not a significant sum as compared to the revenue base, however more importantly it demonstrated clearly that NFLX has considerable pricing power in a highly competitive SVOD segment.</p>\n<p><img src=\"https://static.tigerbbs.com/42059a78e3a3f7dc656556dc27761343\" tg-width=\"1280\" tg-height=\"958\" referrerpolicy=\"no-referrer\"></p>\n<p>Top Reasons for Video Streaming Subscription Cancellations. Source:Variety</p>\n<p>When we consider that the single most important reason for subscribers to cancel their streaming subscriptions is: \"If the subscription price increased\", then investors should now be able to really understand how Mr. Market has significantly underestimated NFLX's pricing power, which is extremely important to NFLX's business model to introduce more and more high quality content as its subscriber base gets larger over time.</p>\n<p>If we revisit NFLX's ARPU by region again, we could certainly see a generally healthy trend of ARPU over time even as the company increased its prices. It's important to note that increasing subscriptions prices is the primary way for it to further monetize its growing user base (although the company has also recently introduced more monetization methods such asNetflix shop, as well as thegaming market, so investors are highly encouraged to continue monitoring these developments). The price increases will help to bolster the consistency of the ARPU such that it would help with times when the company has found some difficulty in adding more users such as in Q1'21, while YoY revenue growth was still very healthy.</p>\n<p>Investors should take note that NFLX's growing membership base of 208M paying members is a formidable moat for it to keep producing its slate of high quality original content.</p>\n<p>Strong Content Pipeline</p>\n<p><img src=\"https://static.tigerbbs.com/02eea9bd487d52b352dd3894f2563edf\" tg-width=\"1043\" tg-height=\"646\" referrerpolicy=\"no-referrer\"></p>\n<p>Content Assets. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/4a49a1facb41f2c4e848cced7724c68d\" tg-width=\"910\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p>\n<p>Produced Content YoY Growth. Data Source: Company Filings</p>\n<p>NFLX has been growing its original content base rapidly over the last few years, although the COVID-19 crisis has somewhat slowed down its growth. Thecompany emphasized:</p>\n<blockquote>\n [W]e think we'll get back to a much steadier state in the back half of the year and certainly in Q4, where we've got the returning seasons of some of our most popular shows like The Witcher and You and Cobra Kai as well as some big tempo movies that came to market a little slower than we'd hoped, like Red Notes with The Rock and Ryan Reynolds and Gaga, and Escape From Spiderhead with Chris Hemsworth, big event content.\n</blockquote>\n<p>Therefore, the company is not resting on its laurels and would keep on its record of producing high quality content to keep engagement at a high level with its viewers.</p>\n<p><img src=\"https://static.tigerbbs.com/b4aaf52a7c9c18a4fc5664c9000282d1\" tg-width=\"1280\" tg-height=\"781\" referrerpolicy=\"no-referrer\"></p>\n<p>Ranking of original streaming series titles in the U.S. Data Source: Nielsen, Media Play News</p>\n<p>In this survey conducted in early May, NFLX's slate of original series took home 7 out of the top 10 slots for the most watched series, demonstrating the high quality and appeal of its content with viewers. In fact, there were many other surveys that also showed Netflix's dominance in viewership over time.</p>\n<p>Netflix's original content didn't just dominate hours watched, but also award nominations. The company highlighted its recent achievements:</p>\n<blockquote>\n Netflix led all studios for recent award nominations including the Oscars, Golden Globes, SAG Awards, BAFTA and the NAACP Image Awards, among others. Heading into the Academy Awards this weekend, we have 36 nominations across 17 films including two nominees in each of the Best Picture (Mank, The Trial of the Chicago 7), Best Documentary Feature (Crip Camp, My Octopus Teacher), and Best Animated Feature (Over the Moon, A Shaun The Sheep Movie: Farmageddon) categories. Mank led all films with 10 nominations.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/0a756085b63c0d9b1e40d39f3fd21609\" tg-width=\"764\" tg-height=\"473\" referrerpolicy=\"no-referrer\"></p>\n<p>Reasons for subscribing to SVOD services in the U.S. Data Source: Vorhaus Advisors</p>\n<p>As we could observe from the above, high quality original series (35%) and specific TV series or movies (43%) ranked very highly on the reasons for subscribing to SVOD services, and investors can rest assured that NFLX is certainly leading in these areas.</p>\n<p><img src=\"https://static.tigerbbs.com/afa2be3ca5cfa415aee98a9c45f8e6c9\" tg-width=\"956\" tg-height=\"591\" referrerpolicy=\"no-referrer\"></p>\n<p>Share of SVOD subscribers, who also subscribe to other services. Data Source: Reelgood</p>\n<p>In the SVOD space, we could clearly observe NFLX's importance to subscribers even if they subscribed to other services, which definitely helps to downplay the significance of increasing competitive threats to NFLX. In fact, NFLX was the most important service among these subscribers as the subscribers of the company's competitors also subscribed to NFLX: Peacock Premium (90%), HBO Max (90%), Amazon Prime (84%), Disney+ (87%), Hulu (85%) and Apple TV+ (92%), demonstrating clearly the importance and dominance of NFLX to its competitors' subscribers.</p>\n<p><img src=\"https://static.tigerbbs.com/a2c1e2c429e015e113242ffeac4d3f07\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Netflix Video Content Budget. Data Source: eMarketer</p>\n<p>Many critics also pointed to NFLX's increasing need to dedicate huge amounts of investments to drive its engagement levels, protect its moat, grow its revenue. In fact, I think unless NFLX is working on a model like Roku, whose business model I havediscussed recently here, having a high quality slate of original content is important in order to maintain its competitive edge, especially when we have witnessed a series of industry consolidation where NFLX may lose more and more access to high quality licensed content, so NFLX's committed investments in original content a few years ago led by Co-CEO Ted Sarandos has certainly been a masterstroke that has helped maintain the company's competitive edge. In addition, NFLX has been getting more and more efficient in producing original content over time, certainly helped by the large and growing paying membership base, which as I mentioned in itself is a strong moat.</p>\n<p><img src=\"https://static.tigerbbs.com/e592ee98fcd2477f5e9332e664c74afa\" tg-width=\"1153\" tg-height=\"712\" referrerpolicy=\"no-referrer\"></p>\n<p>Other Operating Activities [LTM] as a % of Revenue [LTM]. Data Source: S&amp;P Capital IQ</p>\n<p>NFLX's other operating activities segment mainly include the company's investments in content assets which are classified as a cash outflow in the company's Cash from Operations [CFO]. If we observed clearly, despite the company's increasing video content budget, these investments have been forming a smaller and smaller component of the company's revenue from 2018 (even if we were to exclude the skewed figures from recent quarters due to reduced original content being produced as a result of COVID-19 delays), demonstrating the company's improved CFO position that has driven results towards FCF profitability. As a result, this allowed the company to confidently declare to investors that: \"So we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter.\" This is definitely a highly important development, as that means NFLX now has more and more cash flow flexibility to invest in content to further drive its competitive edge against its closest rivals. The company's expected FCF profitability has also given the company confidence to announce a $5B share buyback in order to return excess cash to investors.</p>\n<p><img src=\"https://static.tigerbbs.com/ee2072e791610e16b97ed6d432f1fcb9\" tg-width=\"1280\" tg-height=\"750\" referrerpolicy=\"no-referrer\"></p>\n<p>Projected Revenue Consensus Estimates, Projected Revenue Growth, Unlevered FCF Margin. Data Source: S&amp;P Capital IQ</p>\n<p>In fact, when I factored in NFLX's growth assumptions into its forecast model, NFLX is expected to consistently improve its FCF margin in the years ahead, while maintaining a steady revenue growth over time. NFLX is fast becoming a FCF driver that is capable of sustaining its growth and protecting its competitive moat strongly.</p>\n<p><img src=\"https://static.tigerbbs.com/67cbb70240f511c861aa1e4fd5b8c00d\" tg-width=\"893\" tg-height=\"552\" referrerpolicy=\"no-referrer\">SVOD market share in Japan. Data Source: GEM Partners</p>\n<p>Turning to NFLX's fastest growing region: APAC (shortsighted investors seemed to ignore NFLX's dominance in this region). There's absolutely no doubt who was the clear leader in the SVOD market in Japan with NFLX holding a 19.5% market share. In fact, Japan was expected to take over Australia as APAC'slargest market by the end of 2021. Japan's revenue is expected to grow at about 37% YoY from $2.4B to $3.3B, and subscriptions from 25.5M to 33.3M, which would represent a 30.6% increase YoY.</p>\n<p><img src=\"https://static.tigerbbs.com/02d5751919369a578902516e76f5793a\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Most popular OTT in Korea. Data Source: IGAWorks</p>\n<p>In its third largest APAC market: Korea, NFLX is also the well-established leader with a market share well ahead of the other OTT services, allowing the company a lot of leverage in producing top quality original Korean content. Korean content is very popular in Asia, and Netflix relies heavily on the Korean Wave (Hallyu) as the main gateway to audiences in Asia and has committed$500M to invest in Korean content in 2021 alone, from $700M spent between 2015 to 2020. Co-CEO Ted Sarandos summed up the company's approach in Korean content:</p>\n<blockquote>\n <b>Over the last two years, we've seen the world falling in love with incredible Korean content</b>, made in Korea and watched by the world on Netflix. Our commitment towards Korea is strong. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/06889e84d7faf18b5d1a8da1b4542895\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Popular OTT for accessing Korean Dramas Worldwide. Data Source: Korean Foundation for International Cultural Exchange; MCST Korea</p>\n<p>Netflix's commitment to build up its investments in Korean content has allowed it to maintain a strong position as the second ranked OTT platform behind YouTube for worldwide access to Korean dramas mainly because in my opinion, AVOD-based YouTube is free. However, Netflix has produced a lot of Original Series Korean dramas that have often quickly become a hit, and which were not available for distribution on YouTube.</p>\n<p>The Elephant in the Room: Disney</p>\n<p><img src=\"https://static.tigerbbs.com/2eb61cee21092f710c0e1446f1d598d2\" tg-width=\"1207\" tg-height=\"746\" referrerpolicy=\"no-referrer\"></p>\n<p>Estimated number of SVOD subscribers worldwide. Data Source: Digital TV Research</p>\n<p>Disney (DIS) perhaps represents the largest threat in terms of subscribers growth as it's expected to take over NFLX as the largest SVOD player worldwide by 2026 with 294M subscribers as compared to NFLX's 286M subscribers.</p>\n<p>DIS has grown its subscribers base impressively as it reached103.6M subscribers in Q2'21. DIS's Hotstar platform is the dominant platform in two of Asia's most populated countries: Indonesia and India. This is expected to continue driving strong subscribers growth that would help it to exceed NFLX's subscriber base eventually.</p>\n<p><img src=\"https://static.tigerbbs.com/30f463be13597df4819879aa4b894285\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>DIS+ ARPU. Data Source: Company Filings</p>\n<p>However, DIS's ARPU is also substantially lower than NFLX as Hotstar is very much a lower-priced offering and therefore skewing DIS's ARPU to the downside even as it adds more users. However, Hotstar looks like the better equipped option for growth in these two important Asian markets for DIS and I think DISpossesses the edge over here.</p>\n<p><img src=\"https://static.tigerbbs.com/63f805876a22e4da556a27db39e6cdc8\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Estimated penetration rate. Data Source: The Motley Fool, Stifel</p>\n<p>However, NFLX is still expected to make inroads in all its segments, and particularly in APAC and EMEA as it continues to drive content growth to cater to the markets where it has the lead. l certainly think NFLX can't win in all markets, and in some markets the company definitely has to spend a lot more time and resources to develop them such as in APAC where its penetration is still very low, therefore offering huge potential for growth.</p>\n<p><img src=\"https://static.tigerbbs.com/20878384ca9242ab35b248fb2b73ff6f\" tg-width=\"951\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p>\n<p>OTT Revenue Worldwide. Data Source: Digital TV Research</p>\n<p>Most importantly, the whole market still offers a lot of opportunities for growth for well positioned players in both the AVOD and the SVOD space. In the SVOD market, it is expected to grow at about 10.16% CAGR from 2020 to 2025, which although not as fast as the AVOD market, it's still expected to grow at a highly respectable rate.</p>\n<p><b>Valuations are Not Expensive</b></p>\n<p><img src=\"https://static.tigerbbs.com/5d390f14679f74fb62a364d0921d5923\" tg-width=\"1280\" tg-height=\"733\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue CAGR and Revenue Multiples. Data Source: S&amp;P Capital IQ</p>\n<p>NFLX's projected growth (5Y CAGR of 15.1%) is definitely expected to slow as it matures, and turn FCF profitable. I don't think it's a bad thing. NFLX is still the dominant player in SVOD and expected to be so. In addition, it's still expected to grow faster than the SVOD market growth of 10.1%, thus further reinforcing NFLX's market leadership expectation. In addition, it's also trading at a slight discount on its EV / FY+1 Rev of 7.8x as compared to its 5Y Av. EV / LTM Rev of 8.8x.</p>\n<p><img src=\"https://static.tigerbbs.com/becc49bc5dfbfa222226bd7426fd4e9e\" tg-width=\"1280\" tg-height=\"707\" referrerpolicy=\"no-referrer\"></p>\n<p>CapEX Margin &amp; Projected CapEx Margin. Data Source: S&amp;P Capital IQ</p>\n<p><img src=\"https://static.tigerbbs.com/c44673eb90f5086b3eeae98397e1115f\" tg-width=\"1276\" tg-height=\"1122\" referrerpolicy=\"no-referrer\"></p>\n<p>5Y Av. EV / EBITDA &amp; EV / Fwd EBITDA. Data Source: S&amp;P Capital IQ</p>\n<p>Given that its CapEX margins (see above) are expected to be largely consistent over time as compared to the last few years, I also find it useful to consider its cash flow generating capacity and value it accordingly. When we consider NFLX's EV / Fwd EBITDA (see above), we could see the company's improved FCF generating capability has now made NFLX a lot more undervalued than when we compared it against its revenue growth.</p>\n<p><img src=\"https://static.tigerbbs.com/2e39e44f4f13ac6efc0b91aed6045771\" tg-width=\"1280\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p>\n<p>EV / Fwd (EBITDA - CapEx). Data Source: S&amp;P Capital IQ</p>\n<p>In fact, NFLX is expected to continue generating a high level FCF moving forward which would thus further support the NFLX's competitive valuation from the FCF point of view.</p>\n<p>Price Action and Technical Analysis</p>\n<p><img src=\"https://static.tigerbbs.com/2da4bd6973d2fa92a51a7b159b05efce\" tg-width=\"1280\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: TradingView</p>\n<p>The current price level at $489 is a possible entry point, with a more conservative entry point at $458. The \"Buy more\" entry point is at $398, which is also supported above the key 200W MA. Avoid buying near $563 and $593 in the near term as they look to be key resistance levels.</p>\n<p><b>Wrapping it all up</b></p>\n<p>Netflix's \"loss of competitiveness\" and \"weak fundamentals\" that were called into question recently are largely unfounded. The company enjoys strong dominance and competitive advantages in the SVOD market that is still expected to grow at double digit growth rates of which NFLX is expected to exploit in the years ahead.</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>Netflix: The Selloff Looks Overdone</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\">\nNetflix: The Selloff Looks Overdone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 17:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.\nHowever, short-sighted investors did not consider Netflix’s...</p>\n\n<a href=\"https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1193778475","content_text":"Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.\nHowever, short-sighted investors did not consider Netflix’s overall game to evaluate the strength of its moat.\nNetflix looks attractively-priced now, and should be a worthy addition to both value and growth investors.\n\nInvestment Thesis\nNetflix (NFLX) has come under the weather recently, as the company had to face increased competitive pressure from the growth of Disney+, recent industry consolidation fromWarner Bros. Discovery(T,DISCA) and Amazon's (AMZN)acquisition of MGM's deep content IP. Furthermore, the company also reported an\"underwhelming\" Q1'21results that saw the company even missing its own net membership adds estimates by 2m. In short, there seems to be no shortage of bad news for NFLX recently.\n\nSource: TradingView\nTherefore, it's not surprising to me at all that Mr. Market reacted somewhat negatively to all these competitive headwinds as NFLX remains about 18% off its January high, while QQQ is withintouching distance of its all time high. As a price-action, momentum based investor, seeing a stock that has demonstrated strong medium term and long term uptrend bias is of paramount importance to me and NFLX certainly checks all of that from this perspective. Although there are other growth stocks that have demonstrated a better uptrend bias profile, NFLX is not a slouch either. It has only lost its medium term 50W MA dynamic support only twice in the last 5 years: 2018 bear market decline of 45%, and Jul-Sep 19 decline of 35%. Even though the stock momentarily lost its 50W support level then, NFLX quickly regained its medium term support level, and during the COVID-19 bear market, NFLX never lost support of its medium term uptrend. Therefore, the 50W MA has proven to be a consistently strong medium term dynamic support level for NFLX over the last 5 years.\nNFLX's price has now approached its 50W support level again thanks to the weak market sentiments lately which makes it appropriate to discuss whether NFLX represents a good buying opportunity now for long term investors.\nSo What Happened to Netflix's Paid Adds?\n\nAverage Paying Membership by Region. Data Source: Company Filings\n\nAverage Paying Membership YoY Growth. Data Source: Company Filings\nAs we could observe clearly from the charts above, the market reacted negatively to NFLX's Q1'21 results, sending the stock down 8.21% the day after the release. It added just 3.98M net paid members in Q1'21, which was significantly weaker than the previous quarters as can be seen from its YoY Growth. The management mainly attributed this to the strong pull forward growth in membership during Q1'20 that has somewhat skewed the base upwards and may have disproportionately affected its growth in Q1'21. Although I think there is a reasonable basis for that line of argument, however we did not observe such a drastic decline in Roku, Inc. (ROKU) in its active accounts in Q1'21 (see charts below).\n\nRoku Active Accounts. Data Source: Company Filings\n\nRoku Active Accounts YoY Growth. Data Source: Company Filings\nWe could clearly observe Roku's Active accounts YoY growth of 34.7% in Q1'21 to be still largely in line with 2019's growth even though Roku also experienced pull forward growth from COVID-19 last year. Therefore, I think there is a reasonable basis to infer that NFLX's paid adds growth seemed to have slowed down pretty dramatically even though it should be noted that NFLX's net paid membership of 208M significantly outnumbered Roku's 53.6M active accounts and that was not a small difference.\nNow, if you are a short term trader or an \"investor\" with a horizon of 1 quarter, then perhaps it may be a reasonable basis to get out of the stock. However, for long term investors, many of whom NFLX has handsomely rewarded over the last ten years, we need to dig deeper to investigate whether there has been a significant change in its long term competitive moat from the latest quarter's aberration that may significantly change NFLX's ability to compete effectively and weaken the competitive dynamics of its business model.\nRevenue Growth Looks Good\n\nRevenue by Region. Data Source: Company Filings\n\nRevenue by Region YoY Growth. Data Source: Company Filings\nFirst up, let's take a look at its revenue by region performance. We could observe clearly that the company's most important revenue drivers: UCAN and EMEA had YoY revenue growth of 17.3% and 36% in Q1'21, respectively, as compared to 19.8% and 39.7% in Q1'20, respectively. Sure, there was a slight blip in its YoY growth rate in Q1'21, but it was still very much in line with Q4'20 YoY numbers (which Mr. Market cheered by pushing the stock up 17.74% the day after earnings release), so it was nothing too significant that warranted a serious look into its competitiveness. Moreover, its fastest growing region: APAC also looked to have performed well with a 57.6% YoY growth rate that was even better than Q1'20's YoY growth rate of 51.3%.\n\nARPU by Region. Data Source: Company Filings\n\nARPU by Region YoY Growth. Data Source: Company Filings\nNFLX also performed admirably well in its ARPU. ARPU was up in all the regions except for LATAM where the growth was flat on a QoQ basis. Although ARPU growth was quite volatile between quarters, ARPU in UCAN, EMEA and APAC went up by 8.4%, 11.5% and 9% in Q1'21, respectively. Even though LATAM's ARPU was down YoY, but on a QoQ basis it was flat, so there was nothing materially serious to take note here. Therefore, NFLX's ARPU performance looked really good in Q1'21.\n\nTimeline of NFLX Price Hikes. Source:Variety\nIf NFLX had faced intense competitive pressure in the past that forced it into a price war with competing platforms as it acquired more users, we would have seen the company forced to reduce its prices over time. On the contrary, NFLX has been increasing its prices steadily over time, with the latest round of price hikes on October 20. Even though there were some knee-jerk cancellations from some subscribers in the short term over the price hikes, over the long term it has never affected the company's ability to attract more users. This shows NFLX's strong competitive moat that gives it a huge ability to raise prices over time without losing its subscribers. In fact,NFLX well encapsulatedits strong ability to retain its subscribers despite the price hikes:\n\n Our churn is actually below pre-price change levels already in the U.S. and in most of the markets and where we have adjusted prices and just some of the newer ones haven't come all the way back down, but they're rapidly getting there.\n\nThese well-planned price increases are extremely beneficial to NFLX's topline, given NFLX's growing subscriber base as the recent price increase is expected toadd $500Mto NFLX's revenue in FY 21 (consensus: $29.72B). Even though it's not a significant sum as compared to the revenue base, however more importantly it demonstrated clearly that NFLX has considerable pricing power in a highly competitive SVOD segment.\n\nTop Reasons for Video Streaming Subscription Cancellations. Source:Variety\nWhen we consider that the single most important reason for subscribers to cancel their streaming subscriptions is: \"If the subscription price increased\", then investors should now be able to really understand how Mr. Market has significantly underestimated NFLX's pricing power, which is extremely important to NFLX's business model to introduce more and more high quality content as its subscriber base gets larger over time.\nIf we revisit NFLX's ARPU by region again, we could certainly see a generally healthy trend of ARPU over time even as the company increased its prices. It's important to note that increasing subscriptions prices is the primary way for it to further monetize its growing user base (although the company has also recently introduced more monetization methods such asNetflix shop, as well as thegaming market, so investors are highly encouraged to continue monitoring these developments). The price increases will help to bolster the consistency of the ARPU such that it would help with times when the company has found some difficulty in adding more users such as in Q1'21, while YoY revenue growth was still very healthy.\nInvestors should take note that NFLX's growing membership base of 208M paying members is a formidable moat for it to keep producing its slate of high quality original content.\nStrong Content Pipeline\n\nContent Assets. Data Source: Company Filings\n\nProduced Content YoY Growth. Data Source: Company Filings\nNFLX has been growing its original content base rapidly over the last few years, although the COVID-19 crisis has somewhat slowed down its growth. Thecompany emphasized:\n\n [W]e think we'll get back to a much steadier state in the back half of the year and certainly in Q4, where we've got the returning seasons of some of our most popular shows like The Witcher and You and Cobra Kai as well as some big tempo movies that came to market a little slower than we'd hoped, like Red Notes with The Rock and Ryan Reynolds and Gaga, and Escape From Spiderhead with Chris Hemsworth, big event content.\n\nTherefore, the company is not resting on its laurels and would keep on its record of producing high quality content to keep engagement at a high level with its viewers.\n\nRanking of original streaming series titles in the U.S. Data Source: Nielsen, Media Play News\nIn this survey conducted in early May, NFLX's slate of original series took home 7 out of the top 10 slots for the most watched series, demonstrating the high quality and appeal of its content with viewers. In fact, there were many other surveys that also showed Netflix's dominance in viewership over time.\nNetflix's original content didn't just dominate hours watched, but also award nominations. The company highlighted its recent achievements:\n\n Netflix led all studios for recent award nominations including the Oscars, Golden Globes, SAG Awards, BAFTA and the NAACP Image Awards, among others. Heading into the Academy Awards this weekend, we have 36 nominations across 17 films including two nominees in each of the Best Picture (Mank, The Trial of the Chicago 7), Best Documentary Feature (Crip Camp, My Octopus Teacher), and Best Animated Feature (Over the Moon, A Shaun The Sheep Movie: Farmageddon) categories. Mank led all films with 10 nominations.\n\n\nReasons for subscribing to SVOD services in the U.S. Data Source: Vorhaus Advisors\nAs we could observe from the above, high quality original series (35%) and specific TV series or movies (43%) ranked very highly on the reasons for subscribing to SVOD services, and investors can rest assured that NFLX is certainly leading in these areas.\n\nShare of SVOD subscribers, who also subscribe to other services. Data Source: Reelgood\nIn the SVOD space, we could clearly observe NFLX's importance to subscribers even if they subscribed to other services, which definitely helps to downplay the significance of increasing competitive threats to NFLX. In fact, NFLX was the most important service among these subscribers as the subscribers of the company's competitors also subscribed to NFLX: Peacock Premium (90%), HBO Max (90%), Amazon Prime (84%), Disney+ (87%), Hulu (85%) and Apple TV+ (92%), demonstrating clearly the importance and dominance of NFLX to its competitors' subscribers.\n\nNetflix Video Content Budget. Data Source: eMarketer\nMany critics also pointed to NFLX's increasing need to dedicate huge amounts of investments to drive its engagement levels, protect its moat, grow its revenue. In fact, I think unless NFLX is working on a model like Roku, whose business model I havediscussed recently here, having a high quality slate of original content is important in order to maintain its competitive edge, especially when we have witnessed a series of industry consolidation where NFLX may lose more and more access to high quality licensed content, so NFLX's committed investments in original content a few years ago led by Co-CEO Ted Sarandos has certainly been a masterstroke that has helped maintain the company's competitive edge. In addition, NFLX has been getting more and more efficient in producing original content over time, certainly helped by the large and growing paying membership base, which as I mentioned in itself is a strong moat.\n\nOther Operating Activities [LTM] as a % of Revenue [LTM]. Data Source: S&P Capital IQ\nNFLX's other operating activities segment mainly include the company's investments in content assets which are classified as a cash outflow in the company's Cash from Operations [CFO]. If we observed clearly, despite the company's increasing video content budget, these investments have been forming a smaller and smaller component of the company's revenue from 2018 (even if we were to exclude the skewed figures from recent quarters due to reduced original content being produced as a result of COVID-19 delays), demonstrating the company's improved CFO position that has driven results towards FCF profitability. As a result, this allowed the company to confidently declare to investors that: \"So we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter.\" This is definitely a highly important development, as that means NFLX now has more and more cash flow flexibility to invest in content to further drive its competitive edge against its closest rivals. The company's expected FCF profitability has also given the company confidence to announce a $5B share buyback in order to return excess cash to investors.\n\nProjected Revenue Consensus Estimates, Projected Revenue Growth, Unlevered FCF Margin. Data Source: S&P Capital IQ\nIn fact, when I factored in NFLX's growth assumptions into its forecast model, NFLX is expected to consistently improve its FCF margin in the years ahead, while maintaining a steady revenue growth over time. NFLX is fast becoming a FCF driver that is capable of sustaining its growth and protecting its competitive moat strongly.\nSVOD market share in Japan. Data Source: GEM Partners\nTurning to NFLX's fastest growing region: APAC (shortsighted investors seemed to ignore NFLX's dominance in this region). There's absolutely no doubt who was the clear leader in the SVOD market in Japan with NFLX holding a 19.5% market share. In fact, Japan was expected to take over Australia as APAC'slargest market by the end of 2021. Japan's revenue is expected to grow at about 37% YoY from $2.4B to $3.3B, and subscriptions from 25.5M to 33.3M, which would represent a 30.6% increase YoY.\n\nMost popular OTT in Korea. Data Source: IGAWorks\nIn its third largest APAC market: Korea, NFLX is also the well-established leader with a market share well ahead of the other OTT services, allowing the company a lot of leverage in producing top quality original Korean content. Korean content is very popular in Asia, and Netflix relies heavily on the Korean Wave (Hallyu) as the main gateway to audiences in Asia and has committed$500M to invest in Korean content in 2021 alone, from $700M spent between 2015 to 2020. Co-CEO Ted Sarandos summed up the company's approach in Korean content:\n\nOver the last two years, we've seen the world falling in love with incredible Korean content, made in Korea and watched by the world on Netflix. Our commitment towards Korea is strong. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats.\n\n\nPopular OTT for accessing Korean Dramas Worldwide. Data Source: Korean Foundation for International Cultural Exchange; MCST Korea\nNetflix's commitment to build up its investments in Korean content has allowed it to maintain a strong position as the second ranked OTT platform behind YouTube for worldwide access to Korean dramas mainly because in my opinion, AVOD-based YouTube is free. However, Netflix has produced a lot of Original Series Korean dramas that have often quickly become a hit, and which were not available for distribution on YouTube.\nThe Elephant in the Room: Disney\n\nEstimated number of SVOD subscribers worldwide. Data Source: Digital TV Research\nDisney (DIS) perhaps represents the largest threat in terms of subscribers growth as it's expected to take over NFLX as the largest SVOD player worldwide by 2026 with 294M subscribers as compared to NFLX's 286M subscribers.\nDIS has grown its subscribers base impressively as it reached103.6M subscribers in Q2'21. DIS's Hotstar platform is the dominant platform in two of Asia's most populated countries: Indonesia and India. This is expected to continue driving strong subscribers growth that would help it to exceed NFLX's subscriber base eventually.\n\nDIS+ ARPU. Data Source: Company Filings\nHowever, DIS's ARPU is also substantially lower than NFLX as Hotstar is very much a lower-priced offering and therefore skewing DIS's ARPU to the downside even as it adds more users. However, Hotstar looks like the better equipped option for growth in these two important Asian markets for DIS and I think DISpossesses the edge over here.\n\nEstimated penetration rate. Data Source: The Motley Fool, Stifel\nHowever, NFLX is still expected to make inroads in all its segments, and particularly in APAC and EMEA as it continues to drive content growth to cater to the markets where it has the lead. l certainly think NFLX can't win in all markets, and in some markets the company definitely has to spend a lot more time and resources to develop them such as in APAC where its penetration is still very low, therefore offering huge potential for growth.\n\nOTT Revenue Worldwide. Data Source: Digital TV Research\nMost importantly, the whole market still offers a lot of opportunities for growth for well positioned players in both the AVOD and the SVOD space. In the SVOD market, it is expected to grow at about 10.16% CAGR from 2020 to 2025, which although not as fast as the AVOD market, it's still expected to grow at a highly respectable rate.\nValuations are Not Expensive\n\nRevenue CAGR and Revenue Multiples. Data Source: S&P Capital IQ\nNFLX's projected growth (5Y CAGR of 15.1%) is definitely expected to slow as it matures, and turn FCF profitable. I don't think it's a bad thing. NFLX is still the dominant player in SVOD and expected to be so. In addition, it's still expected to grow faster than the SVOD market growth of 10.1%, thus further reinforcing NFLX's market leadership expectation. In addition, it's also trading at a slight discount on its EV / FY+1 Rev of 7.8x as compared to its 5Y Av. EV / LTM Rev of 8.8x.\n\nCapEX Margin & Projected CapEx Margin. Data Source: S&P Capital IQ\n\n5Y Av. EV / EBITDA & EV / Fwd EBITDA. Data Source: S&P Capital IQ\nGiven that its CapEX margins (see above) are expected to be largely consistent over time as compared to the last few years, I also find it useful to consider its cash flow generating capacity and value it accordingly. When we consider NFLX's EV / Fwd EBITDA (see above), we could see the company's improved FCF generating capability has now made NFLX a lot more undervalued than when we compared it against its revenue growth.\n\nEV / Fwd (EBITDA - CapEx). Data Source: S&P Capital IQ\nIn fact, NFLX is expected to continue generating a high level FCF moving forward which would thus further support the NFLX's competitive valuation from the FCF point of view.\nPrice Action and Technical Analysis\n\nSource: TradingView\nThe current price level at $489 is a possible entry point, with a more conservative entry point at $458. The \"Buy more\" entry point is at $398, which is also supported above the key 200W MA. Avoid buying near $563 and $593 in the near term as they look to be key resistance levels.\nWrapping it all up\nNetflix's \"loss of competitiveness\" and \"weak fundamentals\" that were called into question recently are largely unfounded. The company enjoys strong dominance and competitive advantages in the SVOD market that is still expected to grow at double digit growth rates of which NFLX is expected to exploit in the years ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}