spin37gy personal page - To The Moon

spin37gy

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2021-07-13

$Lion-OCBC Sec HSTECH S$(HST.SI)$ gg stock

2022-02-28

$Histogen Inc.(HSTO)$ anyone still holding on?

2021-03-19

Like n Comment

European regulator greenlights AstraZeneca coronavirus vaccine after reports of blood clots

2021-04-14

Wow

Sorry, the original content has been removed

2021-06-05

Got like? Got comments?

S&P 500 rises on Friday to close out winning week near a record high

2021-04-01

$Lion-OCBC Sec HSTECH S$(HST.SI)$ finally u decide to go up... ☝️

2021-03-25

Comment pls

Fauci says AstraZeneca will likely issue modified statement on Covid vaccine

2021-06-30

$Sundial Growers Inc.(SNDL)$ gg.com

2022-10-11

$Lion-OCBC Sec HSTECH S$(HST.SI)$gg

2021-07-03

$Luokung Technology Corp(LKCO)$why all my stocks are red... ???

2021-06-09

To the moon

Sorry, the original content has been removed

2021-04-27

$Sundial Growers Inc.(SNDL)$break $1 possible today?

2022-01-05

$Lion-OCBC Sec HSTECH S$(HST.SI)$lao sai

2021-07-17

Wow

Dow drops nearly 300 points on Friday, snaps 3-week winning streak

2021-04-02

Yes

Value Stocks Have Roared Back. Here Are 6 Funds for the Rally’s Next Stage

2021-03-31

Comments pls

Coursera: The Education Disruptor Goes Public

2021-03-17

Good, comment

After winning with ‘disruptive’ stocks, this five-star manager has a few more ideas to share

2021-06-30

Good

NIO: The Path To A $1 Trillion Valuation

2021-06-08

Yay...

One Championship reveals listing plans, after two Temasek-linked directors resign

Go to Tiger App to see more news

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08:33","market":"us","language":"en","title":"Dow drops nearly 300 points on Friday, snaps 3-week winning streak","url":"https://stock-news.laohu8.com/highlight/detail?id=1198202103","media":"CNBC","summary":"U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as ","content":"<div>\n<p>U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow drops nearly 300 points on Friday, snaps 3-week winning streak</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow drops nearly 300 points on Friday, snaps 3-week winning streak\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-17 08:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1198202103","content_text":"U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports.\nThe Dow lost 299.17 points, or 0.86%, to close at 34,687.85. The S&P 500 dipped 0.75% to 4,327.16 and the Nasdaq Composite shed 0.8% to 14,427.24.\nThe three averages closed the week lower to each snap 3-week win streaks. The Dow ended the week down 0.52%, while the S&P 500 dipped 0.97% and the Nasdaq Composite fell 1.87% during the same period.\n\nA U.S.consumer sentimentindex from the University of Michigan came in at 80.8 for the first half of July, down from 85.5 last month and worse than estimates from economists, who projected an increase. The report released Friday showed inflation expectations rising, with consumers believing prices will increase 4.8% in the next year, the highest level since August 2008.\nThe Dow gave up its gains early Friday shortly after the University of Michigan report came out 30 minutes into the session. Losses increased as the day went on with major averages closing at the lows of the session.\nThe consumer sentiment weakness “is at face value hard to square with the acceleration in employment growth and the continued resilience of the stock market,” said Andrew Hunter, senior U.S. economist at Capital Economics, but the report “suggested that concerns over surging inflation are now outweighing those positive trends.”\nInflation fears\nThe market was held back all week by inflation fears although the S&P 500 and Dow did touch new all-time highs briefly. On Tuesday, theconsumer price indexshowed a 5.4% increase in June from a year ago, the fastest pace in nearly 13 years.\nStocks got off to a good start Friday with the Dow rising more than 100 points to above 35,000 shortly after the open.Data released before the bell showed retail and food service salesrose 0.6% in June, while economists surveyed by Dow Jones had expected a 0.4% decline. If that level held, it would have been the Dow’s first close ever above 35,000.\nDespite the week’s losses, the Dow is still up 13% for the year and sits just 1.15% from an all-time high. The S&P 500 is up 15% on the year and is 1.51% below its record level.\n“The market looks broadly fairly valued to me, with most stocks priced to provide a market rate of return plus or minus a few percent,” Bill Miller, chairman and chief investment officer of Miller Value Partners,said in an investor letter.\n“There are pockets of what look like appreciable over-valuation and pockets of significant undervaluation in the US market, in my opinion. We can find plenty of names to fill our portfolios and so remain fully invested,” the value investor added.\nEnergy correction\nEnergy stocks, the hottest part of the market in 2021, fell into correction territory on Friday as oil prices pulled back from their highs.\nThe Energy Select Sector SPDR Fund fell more than 2% on Friday, the worst of any group, dropping 14% from its high. Still, the sector is up about 28% in 2021, making it the top performer of any of the 11 main industry groups.\nWeaker performance from technology stocks also weighed on the market Friday. Shares of Apple closed 1.4% lower afternotching a record closejust two days prior. Netflix shares fell ahead of the streaming giant’s second-quarter earnings report next week.\nInvestors digested strong earnings results from the first major week of second-quarter reports. Though some of the nation’s largest companies posted healthy earnings and revenues amid the economic recovery, the reaction in the stock market has so far been muted.\nThe Financial Select Sector SPDR Fund ended the week 1.5% lower despite big profit growth numbers posted by the likes of JPMorgan Chase and Bank of America.\n“Good earnings might have become an excuse for some investors to take profit. And with earnings expectations so high in general, it takes a really big beat for a company to impress,” JJ Kinahan, TD Ameritrade chief market strategist, said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170265945,"gmtCreate":1626437075387,"gmtModify":1703760126299,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574212983712096","authorIdStr":"3574212983712096"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>up?&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>up?&nbsp;","text":"$Sundial Growers Inc.(SNDL)$up?","images":[{"img":"https://static.tigerbbs.com/ddbcff1a3d8b178f4b61ff8f83062d63","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170265945","isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":144742507,"gmtCreate":1626316584409,"gmtModify":1703757744335,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574212983712096","authorIdStr":"3574212983712096"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144742507","repostId":"1159685383","repostType":4,"repost":{"id":"1159685383","kind":"news","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"<p>FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...</p>\n<p><img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\"><i>Source: Bloomberg</i></p>\n<p>The question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting that<b>various early indicators are consistent in pointing to some weakening in consumption in June</b>.</p>\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\n<p>The official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.</p>\n<p>The headline GDP growth figure printed a very<b>slightly disappointing +7.9% YoY</b></p>\n<p><img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\"><i>Source: Bloomberg</i></p>\n<p>On A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).</p>\n<p><img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\"><i>Source: Bloomberg</i></p>\n<p>Other data was mixed, with<b>Industrial Production and Property Investment disappointing</b>as all major data items showed slowing growth...</p>\n<p><img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\"><i>Source: Bloomberg</i></p>\n<p>June<b>Retail Sales</b>rose 23.0% YTD YoY (<b>better than the +22.8% expected</b>) but slower than the +25.7% in May.</p>\n<p>June<b>Industrial Production</b>rose 15.9% YTD YoY (slightly<b>weaker than the +16.0% expected</b>) and slower than the +17.8% in May.</p>\n<p>June<b>Fixed Asset Investment</b>YTD YoY rose 12.6%, down from the 15.4% rise in May (but<b>better than the +12.0% expectation</b>).</p>\n<p>June<b>Property Investment</b>YTD YoY rose just 15.0% (<b>worse than the +16.0% expected</b>) and well down from the +18.3% in May.</p>\n<p>June Surveyed<b>Jobless Rate was unchanged</b>at 5.0%.</p>\n<p>This will likely be a little confusing to traders.</p>\n<p>Given China's headline data wasn’t terrible, with retail sales even beating estimates,<b>why does the economy needs more central bank support?</b></p>\n<p>Bloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that<i><b>\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"</b></i></p>\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\n<p>There is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.</p>\n<p><b>Apparent oil demand fell for a second straight month, down 1.7% from a year earlier.</b></p>\n<p>No major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.</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>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...</p>\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145639151,"gmtCreate":1626220498573,"gmtModify":1703755656862,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574212983712096","authorIdStr":"3574212983712096"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>gg","listText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>gg","text":"$Zomedica Pharmaceuticals 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Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/327272688","repostId":"1182558972","repostType":4,"repost":{"id":"1182558972","kind":"news","pubTimestamp":1616083790,"share":"https://ttm.financial/m/news/1182558972?lang=&edition=fundamental","pubTime":"2021-03-19 00:09","market":"us","language":"en","title":"European regulator greenlights AstraZeneca coronavirus vaccine after reports of blood clots","url":"https://stock-news.laohu8.com/highlight/detail?id=1182558972","media":"cnbc","summary":"LONDON — The European Medicines Agency has ruled that theAstraZenecacoronavirus vaccine is safe, des","content":"<div>\n<p>LONDON — The European Medicines Agency has ruled that theAstraZenecacoronavirus vaccine is safe, despite some concerns over possible side effects.The announcement Thursday comes after more than a ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/ema-approves-astrazeneca-covid-vaccine-after-blood-clot-reports.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>European regulator greenlights AstraZeneca coronavirus vaccine after reports of blood clots</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\">\nEuropean regulator greenlights AstraZeneca coronavirus vaccine after reports of blood clots\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 00:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/ema-approves-astrazeneca-covid-vaccine-after-blood-clot-reports.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — The European Medicines Agency has ruled that theAstraZenecacoronavirus vaccine is safe, despite some concerns over possible side effects.The announcement Thursday comes after more than a ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/ema-approves-astrazeneca-covid-vaccine-after-blood-clot-reports.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AZN":"阿斯利康"},"source_url":"https://www.cnbc.com/2021/03/18/ema-approves-astrazeneca-covid-vaccine-after-blood-clot-reports.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1182558972","content_text":"LONDON — The European Medicines Agency has ruled that theAstraZenecacoronavirus vaccine is safe, despite some concerns over possible side effects.The announcement Thursday comes after more than a dozen EU nations decided to halt the use of the AstraZeneca shot, which was developed with the University of Oxford, after reports of blood clots. A few other countries have stopped using individual batches of the vaccine.The response was not uniform across the 27 member states of the European Union, however, with a number of nations continuing to deploy the AstraZeneca shot in their vaccination campaigns.Austria was the first country to suspend the use of a specific batch of AstraZeneca shots last week, following the death of a 49-year-old woman who had received the vaccine.This was followed by reports of blood clots elsewhere, although in a very small number of individuals, which led other heads to state to pause its use and wait for a new assessment from the region’s health authority.AstraZeneca’s vaccine is being widely used in the U.K., but has not yet been approved by authorities in the United States.The benefits ‘outweigh its risks’The World Health Organization said Wednesday that “vaccination against Covid-19 will not reduce illness or deaths from other causes. Thromboembolic events are known to occur frequently.”In addition, the WHO said that the reaction of some EU nations showed that “the surveillance system works and that effective controls are in place.” Nonetheless, the institution reiterated that it believes “the benefits of the AstraZeneca vaccine outweigh its risks and recommends that vaccinations continue.”The U.K.’s medicines regulator also said on Thursday that people should continue to receive the AstraZeneca shot.Some health experts have raised wider concerns over pausing the use of this vaccine. Speaking earlier this week, EMA Executive Director Emer Cooke said the institution was worried that the suspensions could affect peoples’ trust of vaccines.The recent concerns over side affects follow uncertainty from some EU nations over a supposed lack of data on the efficacy of the AstraZeneca vaccine for elderly populations. These countries subsequently decided to go ahead with using the shot for inoculations, however.Situation in Europe ‘getting worse’The distribution of vaccines is crucial from both a health and economic perspective in Europe.Speaking on Wednesday, European Commission President Ursula von der Leyen said: “The epidemiological situation is getting worse.”“We see the crest of a third wave forming in member states, and we know that we need to accelerate the vaccination rates,” she added.The EU is aiming to inoculate 70% of its adult population by the end of the summer.Data presented on Wednesday suggested the bloc is on track to achieve that target, assuming that pharmaceutical firms respect their delivery contracts in the next three months and that member states are successful in using them.","news_type":1},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344043975,"gmtCreate":1618362652097,"gmtModify":1704709649686,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/344043975","repostId":"1166790698","repostType":4,"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112347097,"gmtCreate":1622853402719,"gmtModify":1704192378988,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"Got like? Got comments?&nbsp;","listText":"Got like? Got comments?&nbsp;","text":"Got like? Got comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/112347097","repostId":"1198786025","repostType":4,"repost":{"id":"1198786025","kind":"news","pubTimestamp":1622849125,"share":"https://ttm.financial/m/news/1198786025?lang=&edition=fundamental","pubTime":"2021-06-05 07:25","market":"us","language":"en","title":"S&P 500 rises on Friday to close out winning week near a record high","url":"https://stock-news.laohu8.com/highlight/detail?id=1198786025","media":"CNBC","summary":"U.S. stocks climbed on Friday as the key May jobs report showed solid gains, boosting confidence in the economic comeback.The S&P 500 rose about 0.9% to 4,229.89, sitting less than 0.2% from its all-time high reached last month. The Dow Jones Industrial Average gained 179.35 points to 34,756.39. The Nasdaq Composite outperformed with a nearly 1.5% rally to 13,814.49.The major averages all registered modest gains for the week. The blue-chip Dow and the S&P 500 advanced about 0.7% and 0.6%, respec","content":"<div>\n<p>U.S. stocks climbed on Friday as the key May jobs report showed solid gains, boosting confidence in the economic comeback.\nThe S&P 500 rose about 0.9% to 4,229.89, sitting less than 0.2% from its all-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/03/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 rises on Friday to close out winning week near a record high</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\">\nS&P 500 rises on Friday to close out winning week near a record high\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/03/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks climbed on Friday as the key May jobs report showed solid gains, boosting confidence in the economic comeback.\nThe S&P 500 rose about 0.9% to 4,229.89, sitting less than 0.2% from its all-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/03/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/03/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1198786025","content_text":"U.S. stocks climbed on Friday as the key May jobs report showed solid gains, boosting confidence in the economic comeback.\nThe S&P 500 rose about 0.9% to 4,229.89, sitting less than 0.2% from its all-time high reached last month. The Dow Jones Industrial Average gained 179.35 points to 34,756.39. The Nasdaq Composite outperformed with a nearly 1.5% rally to 13,814.49.\nThe major averages all registered modest gains for the week. The blue-chip Dow and the S&P 500 advanced about 0.7% and 0.6%, respectively, on the week for their second straight positive week. The tech-heavy Nasdaq gained just shy of 0.5% this week for its third winning week in a row.\nThe U.S. economy added 559,000 jobs in May, the Labor Department said on Friday. The number came in slightly lower than an estimate of 671,000 from economists surveyed by Dow Jones, but still showed a healthy rebound in the labor market. It’s an improvement from the upwardly revised 278,000 payrolls added in April.\nThe unemployment rate fell to 5.8% from 6.1%, which was better than the estimate of 5.9%. Many believe the jobs report, while solid, is not strong enough to trigger the Federal Reserve to dial back its bond buying program.\nThe jobs number is “goldilocks for risk,” said John Briggs, global head of strategy at NatWest Markets. It’s “not too hot to bring in the Fed and not too cold to worry about the economy.”\nThe 10-year Treasury yield dipped slightly following the jobs report. Bond yields had jumped higher in recent months amid rising inflation expectations.\n“While the job gains were somewhat modest relative to expectations, the good news is the figure rebounded from last month’s disappointing miss,” said Charlie Ripley, vice president of portfolio management at Allianz Investment Management. “Overall, today’s report does provide progress in the right direction.”\nMeme stocks continued their wild prices swings on Friday, but this time to the downside. AMC Entertainment ended the session down about 6.7%, but still gained more than 80% this week. BlackBerry fell 12.7% Friday, paring its rally this week to 37%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357341946,"gmtCreate":1617241174285,"gmtModify":1704697680453,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>&nbsp;finally u decide to go up... ☝️","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>&nbsp;finally u decide to go up... ☝️","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$ finally u decide to go up... ☝️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/357341946","isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351478114,"gmtCreate":1616630501538,"gmtModify":1704796588717,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/351478114","repostId":"1159624378","repostType":4,"repost":{"id":"1159624378","kind":"news","pubTimestamp":1616601355,"share":"https://ttm.financial/m/news/1159624378?lang=&edition=fundamental","pubTime":"2021-03-24 23:55","market":"us","language":"en","title":"Fauci says AstraZeneca will likely issue modified statement on Covid vaccine","url":"https://stock-news.laohu8.com/highlight/detail?id=1159624378","media":"cnbc","summary":"KEY POINTS\n\nAstraZeneca will likely release a modified statement regarding its Covid-19 vaccine, Whi","content":"<div>\n<p>KEY POINTS\n\nAstraZeneca will likely release a modified statement regarding its Covid-19 vaccine, White House chief medical advisor Dr. Anthony Fauci said.\nOfficials released a statement that said it ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/24/covid-vaccine-fauci-says-astrazeneca-will-likely-issue-modified-statement.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fauci says AstraZeneca will likely issue modified statement on Covid vaccine</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFauci says AstraZeneca will likely issue modified statement on Covid vaccine\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-24 23:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/24/covid-vaccine-fauci-says-astrazeneca-will-likely-issue-modified-statement.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nAstraZeneca will likely release a modified statement regarding its Covid-19 vaccine, White House chief medical advisor Dr. Anthony Fauci said.\nOfficials released a statement that said it ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/24/covid-vaccine-fauci-says-astrazeneca-will-likely-issue-modified-statement.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AZN.UK":"阿斯利康制药","AZN":"阿斯利康"},"source_url":"https://www.cnbc.com/2021/03/24/covid-vaccine-fauci-says-astrazeneca-will-likely-issue-modified-statement.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1159624378","content_text":"KEY POINTS\n\nAstraZeneca will likely release a modified statement regarding its Covid-19 vaccine, White House chief medical advisor Dr. Anthony Fauci said.\nOfficials released a statement that said it was informed by a data and safety monitoring board that the company may have included outdated information in its results.\nThe company is now working with the DSMB and “will likely come out with a modified statement,” Fauci told reporters.\n\nAstraZeneca will likely release a modified statement regarding its Covid-19 vaccine after the accuracy of the company’s clinical trials results were thrown into question earlier this week, White House chief medical advisor Dr. Anthony Fauci said Wednesday.\nThe company on Monday announced the long-awaited results of its phase three clinical trial of the Covid-19 vaccine it developed with the University of Oxford, saying it was 79% effective in preventing symptomatic illness and 100% effective against severe disease and hospitalization.\nThe next day, the National Institute of Allergy and Infectious Diseases released an unusual statement that said it was informed by the data and safety monitoring board overseeing the trial that the U.K.-based company may have included information in its U.S. results that provided an “incomplete view of the efficacy data.”\nFauci, the director of the NIAID, said the DSMB raised concerns with the U.S. agency because it felt the results in AstraZeneca’s press release looked more favorable than more recent data from the vaccine study had shown, according to STAT News.\nThe company is now working with the DSMB and “will likely come out with a modified statement,” Fauci told reporters Wednesday during a White House news briefing on the pandemic.\nExperts on public health and vaccines told CNBC that AstraZeneca’s data hiccup is just the latest example in a series of blunders by the company that could affect people’s willingness to take the vaccine, which may be authorized for use in the U.S. as early as next month.\nPresident Joe Biden’s senior advisor on the pandemic, Andy Slavitt, tried to reassure Americans about the vaccines on Tuesday, telling CNN, “the public should rest assured that nothing will get approved unless the FDA does a thorough analysis of this data.”\nWhen AstraZeneca’s vaccine goes through FDA review, the agency “will render a judgment on both what the data says, or what it’s saying, and also whether or not it will be approved. And so until that time, this is all just stuff that will happen in the background,” Slavitt said. “We believe that this transparency and the scientific independence is vital for public trust.”\nAstraZeneca’s vaccine is already authorized for use in other countries. The company said in a statement Tuesday that it intended to issue results from its primary analysis of the Covid-19 vaccine “within 48 hours.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153887068,"gmtCreate":1625017408354,"gmtModify":1703850188861,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>&nbsp;gg.com","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>&nbsp;gg.com","text":"$Sundial Growers Inc.(SNDL)$ gg.com","images":[{"img":"https://static.tigerbbs.com/a2d69c06e8a8dd9b5cc005fedab3110a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/153887068","isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9917844294,"gmtCreate":1665487487219,"gmtModify":1676537614872,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>gg","listText":"<a href=\"https://ttm.financial/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>gg","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$gg","images":[{"img":"https://community-static.tradeup.com/news/f32b192efdf308a0e0fe917bfbb232cb","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9917844294","isVote":1,"tweetType":1,"viewCount":924,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3565163058838010","authorId":"3565163058838010","name":"1M55","avatar":"https://community-static.tradeup.com/news/0bd27cbcf695e34991231d096c06c44d","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3565163058838010","idStr":"3565163058838010"},"content":"today future is dam solid red. tomorrow after charting could fall another 130 to 210 points which set another sell off. you didn't subscribe so sell to narrow losses ba.","text":"today future is dam solid red. tomorrow after charting could fall another 130 to 210 points which set another sell off. you didn't subscribe so sell to narrow losses ba.","html":"today future is dam solid red. tomorrow after charting could fall another 130 to 210 points which set another sell off. you didn't subscribe so sell to narrow losses ba."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":152136619,"gmtCreate":1625274928031,"gmtModify":1703739726745,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>why all my stocks are red... ???","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>why all my stocks are red... ???","text":"$Luokung Technology Corp(LKCO)$why all my stocks are red... ???","images":[{"img":"https://static.tigerbbs.com/de5307b0b4e65695fc719743aee5c5fd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/152136619","isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":180329420,"gmtCreate":1623190044560,"gmtModify":1704197813433,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/180329420","repostId":"1109039533","repostType":4,"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377582531,"gmtCreate":1619536004723,"gmtModify":1704725633021,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>break $1 possible today?&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>break $1 possible today?&nbsp;","text":"$Sundial Growers Inc.(SNDL)$break $1 possible today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/377582531","isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008101749,"gmtCreate":1641377505339,"gmtModify":1676533607733,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>lao sai","listText":"<a href=\"https://ttm.financial/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>lao sai","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$lao sai","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008101749","isVote":1,"tweetType":1,"viewCount":714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179650219,"gmtCreate":1626522689331,"gmtModify":1703761425235,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/179650219","repostId":"1198202103","repostType":4,"repost":{"id":"1198202103","kind":"news","pubTimestamp":1626481985,"share":"https://ttm.financial/m/news/1198202103?lang=&edition=fundamental","pubTime":"2021-07-17 08:33","market":"us","language":"en","title":"Dow drops nearly 300 points on Friday, snaps 3-week winning streak","url":"https://stock-news.laohu8.com/highlight/detail?id=1198202103","media":"CNBC","summary":"U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as ","content":"<div>\n<p>U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow drops nearly 300 points on Friday, snaps 3-week winning streak</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow drops nearly 300 points on Friday, snaps 3-week winning streak\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-17 08:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1198202103","content_text":"U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports.\nThe Dow lost 299.17 points, or 0.86%, to close at 34,687.85. The S&P 500 dipped 0.75% to 4,327.16 and the Nasdaq Composite shed 0.8% to 14,427.24.\nThe three averages closed the week lower to each snap 3-week win streaks. The Dow ended the week down 0.52%, while the S&P 500 dipped 0.97% and the Nasdaq Composite fell 1.87% during the same period.\n\nA U.S.consumer sentimentindex from the University of Michigan came in at 80.8 for the first half of July, down from 85.5 last month and worse than estimates from economists, who projected an increase. The report released Friday showed inflation expectations rising, with consumers believing prices will increase 4.8% in the next year, the highest level since August 2008.\nThe Dow gave up its gains early Friday shortly after the University of Michigan report came out 30 minutes into the session. Losses increased as the day went on with major averages closing at the lows of the session.\nThe consumer sentiment weakness “is at face value hard to square with the acceleration in employment growth and the continued resilience of the stock market,” said Andrew Hunter, senior U.S. economist at Capital Economics, but the report “suggested that concerns over surging inflation are now outweighing those positive trends.”\nInflation fears\nThe market was held back all week by inflation fears although the S&P 500 and Dow did touch new all-time highs briefly. On Tuesday, theconsumer price indexshowed a 5.4% increase in June from a year ago, the fastest pace in nearly 13 years.\nStocks got off to a good start Friday with the Dow rising more than 100 points to above 35,000 shortly after the open.Data released before the bell showed retail and food service salesrose 0.6% in June, while economists surveyed by Dow Jones had expected a 0.4% decline. If that level held, it would have been the Dow’s first close ever above 35,000.\nDespite the week’s losses, the Dow is still up 13% for the year and sits just 1.15% from an all-time high. The S&P 500 is up 15% on the year and is 1.51% below its record level.\n“The market looks broadly fairly valued to me, with most stocks priced to provide a market rate of return plus or minus a few percent,” Bill Miller, chairman and chief investment officer of Miller Value Partners,said in an investor letter.\n“There are pockets of what look like appreciable over-valuation and pockets of significant undervaluation in the US market, in my opinion. We can find plenty of names to fill our portfolios and so remain fully invested,” the value investor added.\nEnergy correction\nEnergy stocks, the hottest part of the market in 2021, fell into correction territory on Friday as oil prices pulled back from their highs.\nThe Energy Select Sector SPDR Fund fell more than 2% on Friday, the worst of any group, dropping 14% from its high. Still, the sector is up about 28% in 2021, making it the top performer of any of the 11 main industry groups.\nWeaker performance from technology stocks also weighed on the market Friday. Shares of Apple closed 1.4% lower afternotching a record closejust two days prior. Netflix shares fell ahead of the streaming giant’s second-quarter earnings report next week.\nInvestors digested strong earnings results from the first major week of second-quarter reports. Though some of the nation’s largest companies posted healthy earnings and revenues amid the economic recovery, the reaction in the stock market has so far been muted.\nThe Financial Select Sector SPDR Fund ended the week 1.5% lower despite big profit growth numbers posted by the likes of JPMorgan Chase and Bank of America.\n“Good earnings might have become an excuse for some investors to take profit. And with earnings expectations so high in general, it takes a really big beat for a company to impress,” JJ Kinahan, TD Ameritrade chief market strategist, said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340153754,"gmtCreate":1617360968478,"gmtModify":1704699173837,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/340153754","repostId":"1112964874","repostType":4,"repost":{"id":"1112964874","kind":"news","pubTimestamp":1617358490,"share":"https://ttm.financial/m/news/1112964874?lang=&edition=fundamental","pubTime":"2021-04-02 18:14","market":"us","language":"en","title":"Value Stocks Have Roared Back. Here Are 6 Funds for the Rally’s Next Stage","url":"https://stock-news.laohu8.com/highlight/detail?id=1112964874","media":"Barron's","summary":"Value managers are in the midst of what finally looks like a comeback. The questions for investors n","content":"<p>Value managers are in the midst of what finally looks like a comeback. The questions for investors now are just how long this value recovery can last, and how best to ride it.</p><p>The recovery comes as investors peel themselves away from pricey growth stocks to add some of the cheaper companies that are well positioned for a global economic rebound as the world emerges from the pandemic. And it follows a decade of underperformance that has been hard on the most battle-hardy contrarians. Storied value fund firms—including GMO, Royce Investment Partners, and Third Avenue Management—have suffered sharp outflows over the past decade, according toMorningstar.International Value Advisers, better known as IVA, announced in March that it would liquidate its two funds and shut down. Other value funds have shuttered or gravitated toward growthier fare in order to survive.</p><p>Yet things seem different now. Over the past couple of months, the Russell 1000 Value has outperformed the Russell 1000 Growth by the biggest margin in about two decades. That has offered some redemption for veteran value managers, such as the $28 billionOakmark International(ticker: OAKIX) manager David Herro, who recalls the pushback last spring when he gave clients his rationale for buyingDaimler(DAI.Germany) as its price cratered.</p><p>“Clients were saying, ‘Don’t you know we are going into a recession?’ You have to have the courage of conviction,” says Herro, who cited the company’s strong balance sheet and management. “If you didn’t stay true to your ditty, you don’t get the recovery we experienced in the second and fourth quarters.”</p><p>And what a recovery it has been. Funds like Herro’s saw returns of 50% or greater in the past year, repairing long-term performance records that had been tarnished by the past decade’s rough patch. Value, of course, comes in different flavors, and the recovery so far has been kindest to value managers who loaded up on deeply unloved materials, energy, and financial companies.</p><p>Rising interest rates have been a major catalyst for the shift toward value. But valuations, a recovery in profits, and portfolios that are underweight value stocks could keep the momentum going. However, the type of value stock that does better could shift as the year goes on, from lower-quality to higher-quality stocks that boast stronger returns on assets, equity, and capital, according to a recent client note from Bank of America strategist Savita Subramanian.</p><p>Investors looking to benefit from a value comeback might want a mix of funds positioned from the different stages of the recovery, in the U.S. and abroad. Here are six funds run by veteran managers with strong track records that have also done well in the past year’s rebound.</p><p>The $4.3 billionNeuberger Berman Large Cap Valuefund (NPNAX) bet big last year on some of the market’s most unloved sectors and reaped the rewards, returning 84% in the past year and beating 96% of its Morningstar peers.</p><p>Manager Eli Salzmann focused on sectors like materials, especially copper and gold, that have been starved for capital in recent years as money flocked to technology and consumer-discretionary companies. That “capacity deprivation” sets the stage for sharp margin growth as demand recovers for companies like Freeport-McMoRan (FCX). Not only does the copper miner benefit from a global economic recovery, but it’s also a backdoor into the shift to electric vehicles and clean energy—transitions that will require more copper and could extend the traditional recovery cycle, says Salzmann.</p><p>A similar trend is at play in energy, a sector that Salzmann says is learning from its mistakes, as companies allocate 60% to 80% of cash flows, rather than all of it, to capital spending.Exxon Mobil(XOM) has been a “dog of the dogs,” pursuing an aggressive growth strategy when investors wanted discipline and a focus on free cash flow, Salzmann says. But now, the company, a top holding, is focusing on its core business and has the right asset mix.</p><p>When the market fretted over the risks on banks’ loan portfolios last spring, Salzmann went on a shopping spree, adding to financials, including global giants likeBank of America(BAC) andJPMorgan Chase(JPM), as well as regional banks likeTruist Financial(TFC),Comerica(CMA), andRegions Financial(RF) that should get a bigger boost from loan growth and rising interest rates. Salzmann sees a more protracted, broader value recovery as the market enters a higher interest-rate environment amid the unprecedented amounts of fiscal and monetary policy around the world, as well as a period of deglobalization and increased protectionism that will raise prices.</p><p>Like Salzmann, Herro has been hunting in deeply unloved parts of the market—but abroad. That has taken him to continental Europe and the United Kingdom, which investors have neglected for roughly a decade amid concerns about defaults in countries like Greece, political volatility, and, more recently, Brexit. “It’s almost like the perfect storm after 10 years of a drought. Brexit is behind us, and a lot of what ailed European and international value is now in the rearview,” Herro says.</p><p>As the U.K. recovers from the pandemic and settles into life outside the European Union, Herro says strong and “severely overcapitalized” banks likeLloyds Banking Group(LYG) andNatWest Group(NWG) will benefit from pent-up demand for investing and borrowing that had been put off amid Brexit uncertainty.</p><p>Herro has also waded into Chinese internet companies during the sector’s rout in the past year.Alibaba GroupHolding (BABA) andTencent Holdings(700.Hong Kong), which Herro owns through South African internet groupNaspers(NPN.South Africa), have been hit hard in the past year amid regulatory concerns at home and geopolitical tensions with the U.S., creating value in companies with strong business models, he says.</p><p>Sarah Ketterer, co-manager of the $5.8 billionCauseway International Value(CIVVX), isn’t shopping much in the most battered sectors and isn’t sold on a meaningful rise in interest rates. Ketterer also thinks that the party in cyclicals may be winding down, especially after the 80% gains globally in these economically sensitive stocks since the first Covid-19 vaccine won approval late last year—another reason that traditional value sectors like financials and energy don’t interest her much. These sectors also face constraints to their growth, with energy, for example, facing an expensive long-term transition away from fossil fuels.</p><p>Instead, Ketterer sees more value these days in European drugmakers likeSanofi(SAN.France),Novartis(NOVN.Switzerland), andRoche Holding(ROG.Switzerland), which have suffered amid postponed elective surgeries and doctors’ visits. The companies are positioned for a recovery but also for a world where vaccines become more important, and ample free cash flow gives these companies the wherewithal to buy machine learning and other tools to speed up drug discovery and cut costs, says Ketterer.</p><p>Technology companies likeSAP(SAP) are also on her radar. “It’s a legacy software vendor—about as negative as it gets—but 70% of revenues are sticky,” Ketterer says. Plus, Ketterer says the company is led by a young, dynamic CEO, Christian Klein, who is in the early stages of a cloud transition and also taking subsidiaries public, creating what she describes as “one of those rare opportunities.”</p><p>Unlike Ketterer,Dodge &amp; Cox International Stock(DODFX) co-manager Diana Strandberg still sees upside in some of the cyclical sectors that have led the recovery—like financials, which account for 30% of the fund, including holdings such asBNP Paribas(BNP.France) andUBS Group(UBSG.Switzerland), and emerging market banks like India’sICICI Bank(IBN).</p><p>Many European and emerging market banks have spent the past decade rebuilding their capital and balance sheets, increasing their returns on assets and earnings power—and doing it in Europe against a negative interest-rate backdrop. Yet Strandberg says investors haven’t noticed that these banks aren’t what they were during the financial crisis. Earnings revisions are rising, yet many still trade at eight to 10 times earnings. Plus, since banks had to hold off on dividends and buybacks during the pandemic, Strandberg sees the possibility of these companies becoming big income stocks as capital distributions are resumed.</p><p>However, Strandberg cautions against a dogmatic approach and focusing on labels like deep value or relative value—or even classifying certain sectors or companies as value. The $42 billion value fund, which has about a fifth of assets in emerging markets, returned 4.6% on average over the past 15 years, beating 93% of its peers. “Labels are dangerous when you are investing,” Strandberg says. “The starting point matters, and that’s why we are always measuring valuations and fundamentals, but we keep an open mind and not just think we are a value manager so we buy ‘value’ stocks—not only is that changing, but also sometimes stocks are cheap because they should be.”</p><p>More recently, Strandberg and team have favored pharmaceuticals over consumer staples. While their valuations are similar, Strandberg sees greater upside from drugmakers’ research and development. She has favored companies that are in the midst of a restructuring or ones that are focused on areas like vaccines, immunology, and rare diseases that are more protected from regulatory concerns.</p><p>Restructuring opportunities are also attractive to T. Rowe Price Value (TRVLX) fund manager Mark Finn. He has been focusing lately on companies in the middle of the value spectrum—those not facing long-term problems—that are misunderstood or addressing self-inflicted problems, likeGeneral Electric(GE), which had made some ill-timed acquisitions and saddled its balance sheet with leverage. Now, though, Finn says that CEO Larry Culp is fixing many of the issues, and the company includes strong businesses like aircraft engines, power, and healthcare.</p><p>Finn, whose fund returned an average annual 12.1% over the past decade to beat 92% of peers, scooped up banks, discount retailers, and industrials likeDeere(DE) andCaterpillar(CAT) last spring, but is now looking elsewhere. “The cyclicals don’t scream real cheap right now. There’s a lot of optimism built into those.”</p><p>Instead, Finn sees more value in companies likeProcter &amp; Gamble(PG). The company is cheap, at 20 times cash flow, compared with its historical valuation and is in the midst of a turnaround. It has taken share in its major markets and has an underleveraged balance sheet, Finn says.</p><p>He also likes utilities such asDominion Energy(D) andXcel Energy(XEL) that have been hit as investors pursue higher-yielding options amid rising interest rates. Also attractive:Sherwin-Williams(SHW), which he says is cheap compared with historical valuations and tethered to the home-building and remodeling boom.</p><p>While not traditional value fare, technology companies, includingFacebook(FB) andSalesforce.com(CRM), have drawn Finn’s attention. He says Salesforce has a great business model that is well positioned for the recovery, but the stock is in investor no-man’s land, ignored by growth investors and not on value managers’ radar, even though it is in the Russell 1000 Value index.</p><p>Technology is also a heavy weighting at the $4 billionParnassus Endeavorfund (PARWX), which has beaten 98% of its peers over the past year without owning any energy or materials stocks. Since taking the sole reins after sustainable-investing pioneer Jerome Dodson’s retirement, fund manager Billy Hwan has increased risk management, reducing the heavy concentration in chip companies. Hwan has reallocated some of that money to higher-quality software and service companies likePaychex(PAYX), which he says is well positioned to help companies navigate remote work, flexible hours, and contractor relationships. While chip companies face a risk from continuing U.S.-China tensions, since they get more than half of sales from China, efforts to bolster U.S. chip production could help holdings likeMicron Technology(MU) andIntel(INTC).</p><p>The fund, which integrates environmental, social, and governance factors into its analysis, steers clear of deep value and areas in secular decline, instead focusing on higher-quality stocks that are misunderstood, likeHanesbrands(HBI). The company had struggled with acquisitions and competition in its underwear business, but new management is reducing the amount of products it sells and focusing on its fast-growing Champion brand, while also trying to cater to a younger demographics, Hwan says.</p><p>Stimulus has helped cushion household savings and given consumers a bit more to spend as they emerge from the pandemic. Hwan sees 2021 as the year of the consumer, a reason that 10% of the fund is in consumer credit companies likeMastercard(MA),American Express(AXP), andCapital One Financial(COF).</p><p>For investors looking for comparisons with other value rallies, Hwan sees more similarities between the current comeback and the one in 2000 after the dot-com bubble burst, than the recovery after the global financial crisis that tripped up value managers. “There’s nothing structurally wrong with the economy in terms of credit” as there was after the financial crisis, he says, “so I think the value rotation could last several years.”</p><p>Only time will tell whether he’s correct in his assessment, but investors may want to take a more holistic view of value as they try to ride the recovery in the near term.</p><p><b>Searching for Value</b></p><p>As the value rally runs on, investors should start gearing up for a shift in the nature of stocks that perform best. Here are six value-focused funds positioned to capitalize on different stages of the recovery.</p><p><img src=\"https://static.tigerbbs.com/777263e6adccebc217617670fa958673\" tg-width=\"638\" tg-height=\"698\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b6835876c5ae79da6f50d326590d76e1\" tg-width=\"636\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p></p>","source":"lsy1610680873436","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>Value Stocks Have Roared Back. Here Are 6 Funds for the Rally’s Next Stage</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\">\nValue Stocks Have Roared Back. Here Are 6 Funds for the Rally’s Next Stage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 18:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/value-stocks-have-roared-back-here-are-6-funds-for-the-rallys-next-stage-51617289914?mod=hp_columnists><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Value managers are in the midst of what finally looks like a comeback. The questions for investors now are just how long this value recovery can last, and how best to ride it.The recovery comes as ...</p>\n\n<a href=\"https://www.barrons.com/articles/value-stocks-have-roared-back-here-are-6-funds-for-the-rallys-next-stage-51617289914?mod=hp_columnists\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/value-stocks-have-roared-back-here-are-6-funds-for-the-rallys-next-stage-51617289914?mod=hp_columnists","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112964874","content_text":"Value managers are in the midst of what finally looks like a comeback. The questions for investors now are just how long this value recovery can last, and how best to ride it.The recovery comes as investors peel themselves away from pricey growth stocks to add some of the cheaper companies that are well positioned for a global economic rebound as the world emerges from the pandemic. And it follows a decade of underperformance that has been hard on the most battle-hardy contrarians. Storied value fund firms—including GMO, Royce Investment Partners, and Third Avenue Management—have suffered sharp outflows over the past decade, according toMorningstar.International Value Advisers, better known as IVA, announced in March that it would liquidate its two funds and shut down. Other value funds have shuttered or gravitated toward growthier fare in order to survive.Yet things seem different now. Over the past couple of months, the Russell 1000 Value has outperformed the Russell 1000 Growth by the biggest margin in about two decades. That has offered some redemption for veteran value managers, such as the $28 billionOakmark International(ticker: OAKIX) manager David Herro, who recalls the pushback last spring when he gave clients his rationale for buyingDaimler(DAI.Germany) as its price cratered.“Clients were saying, ‘Don’t you know we are going into a recession?’ You have to have the courage of conviction,” says Herro, who cited the company’s strong balance sheet and management. “If you didn’t stay true to your ditty, you don’t get the recovery we experienced in the second and fourth quarters.”And what a recovery it has been. Funds like Herro’s saw returns of 50% or greater in the past year, repairing long-term performance records that had been tarnished by the past decade’s rough patch. Value, of course, comes in different flavors, and the recovery so far has been kindest to value managers who loaded up on deeply unloved materials, energy, and financial companies.Rising interest rates have been a major catalyst for the shift toward value. But valuations, a recovery in profits, and portfolios that are underweight value stocks could keep the momentum going. However, the type of value stock that does better could shift as the year goes on, from lower-quality to higher-quality stocks that boast stronger returns on assets, equity, and capital, according to a recent client note from Bank of America strategist Savita Subramanian.Investors looking to benefit from a value comeback might want a mix of funds positioned from the different stages of the recovery, in the U.S. and abroad. Here are six funds run by veteran managers with strong track records that have also done well in the past year’s rebound.The $4.3 billionNeuberger Berman Large Cap Valuefund (NPNAX) bet big last year on some of the market’s most unloved sectors and reaped the rewards, returning 84% in the past year and beating 96% of its Morningstar peers.Manager Eli Salzmann focused on sectors like materials, especially copper and gold, that have been starved for capital in recent years as money flocked to technology and consumer-discretionary companies. That “capacity deprivation” sets the stage for sharp margin growth as demand recovers for companies like Freeport-McMoRan (FCX). Not only does the copper miner benefit from a global economic recovery, but it’s also a backdoor into the shift to electric vehicles and clean energy—transitions that will require more copper and could extend the traditional recovery cycle, says Salzmann.A similar trend is at play in energy, a sector that Salzmann says is learning from its mistakes, as companies allocate 60% to 80% of cash flows, rather than all of it, to capital spending.Exxon Mobil(XOM) has been a “dog of the dogs,” pursuing an aggressive growth strategy when investors wanted discipline and a focus on free cash flow, Salzmann says. But now, the company, a top holding, is focusing on its core business and has the right asset mix.When the market fretted over the risks on banks’ loan portfolios last spring, Salzmann went on a shopping spree, adding to financials, including global giants likeBank of America(BAC) andJPMorgan Chase(JPM), as well as regional banks likeTruist Financial(TFC),Comerica(CMA), andRegions Financial(RF) that should get a bigger boost from loan growth and rising interest rates. Salzmann sees a more protracted, broader value recovery as the market enters a higher interest-rate environment amid the unprecedented amounts of fiscal and monetary policy around the world, as well as a period of deglobalization and increased protectionism that will raise prices.Like Salzmann, Herro has been hunting in deeply unloved parts of the market—but abroad. That has taken him to continental Europe and the United Kingdom, which investors have neglected for roughly a decade amid concerns about defaults in countries like Greece, political volatility, and, more recently, Brexit. “It’s almost like the perfect storm after 10 years of a drought. Brexit is behind us, and a lot of what ailed European and international value is now in the rearview,” Herro says.As the U.K. recovers from the pandemic and settles into life outside the European Union, Herro says strong and “severely overcapitalized” banks likeLloyds Banking Group(LYG) andNatWest Group(NWG) will benefit from pent-up demand for investing and borrowing that had been put off amid Brexit uncertainty.Herro has also waded into Chinese internet companies during the sector’s rout in the past year.Alibaba GroupHolding (BABA) andTencent Holdings(700.Hong Kong), which Herro owns through South African internet groupNaspers(NPN.South Africa), have been hit hard in the past year amid regulatory concerns at home and geopolitical tensions with the U.S., creating value in companies with strong business models, he says.Sarah Ketterer, co-manager of the $5.8 billionCauseway International Value(CIVVX), isn’t shopping much in the most battered sectors and isn’t sold on a meaningful rise in interest rates. Ketterer also thinks that the party in cyclicals may be winding down, especially after the 80% gains globally in these economically sensitive stocks since the first Covid-19 vaccine won approval late last year—another reason that traditional value sectors like financials and energy don’t interest her much. These sectors also face constraints to their growth, with energy, for example, facing an expensive long-term transition away from fossil fuels.Instead, Ketterer sees more value these days in European drugmakers likeSanofi(SAN.France),Novartis(NOVN.Switzerland), andRoche Holding(ROG.Switzerland), which have suffered amid postponed elective surgeries and doctors’ visits. The companies are positioned for a recovery but also for a world where vaccines become more important, and ample free cash flow gives these companies the wherewithal to buy machine learning and other tools to speed up drug discovery and cut costs, says Ketterer.Technology companies likeSAP(SAP) are also on her radar. “It’s a legacy software vendor—about as negative as it gets—but 70% of revenues are sticky,” Ketterer says. Plus, Ketterer says the company is led by a young, dynamic CEO, Christian Klein, who is in the early stages of a cloud transition and also taking subsidiaries public, creating what she describes as “one of those rare opportunities.”Unlike Ketterer,Dodge & Cox International Stock(DODFX) co-manager Diana Strandberg still sees upside in some of the cyclical sectors that have led the recovery—like financials, which account for 30% of the fund, including holdings such asBNP Paribas(BNP.France) andUBS Group(UBSG.Switzerland), and emerging market banks like India’sICICI Bank(IBN).Many European and emerging market banks have spent the past decade rebuilding their capital and balance sheets, increasing their returns on assets and earnings power—and doing it in Europe against a negative interest-rate backdrop. Yet Strandberg says investors haven’t noticed that these banks aren’t what they were during the financial crisis. Earnings revisions are rising, yet many still trade at eight to 10 times earnings. Plus, since banks had to hold off on dividends and buybacks during the pandemic, Strandberg sees the possibility of these companies becoming big income stocks as capital distributions are resumed.However, Strandberg cautions against a dogmatic approach and focusing on labels like deep value or relative value—or even classifying certain sectors or companies as value. The $42 billion value fund, which has about a fifth of assets in emerging markets, returned 4.6% on average over the past 15 years, beating 93% of its peers. “Labels are dangerous when you are investing,” Strandberg says. “The starting point matters, and that’s why we are always measuring valuations and fundamentals, but we keep an open mind and not just think we are a value manager so we buy ‘value’ stocks—not only is that changing, but also sometimes stocks are cheap because they should be.”More recently, Strandberg and team have favored pharmaceuticals over consumer staples. While their valuations are similar, Strandberg sees greater upside from drugmakers’ research and development. She has favored companies that are in the midst of a restructuring or ones that are focused on areas like vaccines, immunology, and rare diseases that are more protected from regulatory concerns.Restructuring opportunities are also attractive to T. Rowe Price Value (TRVLX) fund manager Mark Finn. He has been focusing lately on companies in the middle of the value spectrum—those not facing long-term problems—that are misunderstood or addressing self-inflicted problems, likeGeneral Electric(GE), which had made some ill-timed acquisitions and saddled its balance sheet with leverage. Now, though, Finn says that CEO Larry Culp is fixing many of the issues, and the company includes strong businesses like aircraft engines, power, and healthcare.Finn, whose fund returned an average annual 12.1% over the past decade to beat 92% of peers, scooped up banks, discount retailers, and industrials likeDeere(DE) andCaterpillar(CAT) last spring, but is now looking elsewhere. “The cyclicals don’t scream real cheap right now. There’s a lot of optimism built into those.”Instead, Finn sees more value in companies likeProcter & Gamble(PG). The company is cheap, at 20 times cash flow, compared with its historical valuation and is in the midst of a turnaround. It has taken share in its major markets and has an underleveraged balance sheet, Finn says.He also likes utilities such asDominion Energy(D) andXcel Energy(XEL) that have been hit as investors pursue higher-yielding options amid rising interest rates. Also attractive:Sherwin-Williams(SHW), which he says is cheap compared with historical valuations and tethered to the home-building and remodeling boom.While not traditional value fare, technology companies, includingFacebook(FB) andSalesforce.com(CRM), have drawn Finn’s attention. He says Salesforce has a great business model that is well positioned for the recovery, but the stock is in investor no-man’s land, ignored by growth investors and not on value managers’ radar, even though it is in the Russell 1000 Value index.Technology is also a heavy weighting at the $4 billionParnassus Endeavorfund (PARWX), which has beaten 98% of its peers over the past year without owning any energy or materials stocks. Since taking the sole reins after sustainable-investing pioneer Jerome Dodson’s retirement, fund manager Billy Hwan has increased risk management, reducing the heavy concentration in chip companies. Hwan has reallocated some of that money to higher-quality software and service companies likePaychex(PAYX), which he says is well positioned to help companies navigate remote work, flexible hours, and contractor relationships. While chip companies face a risk from continuing U.S.-China tensions, since they get more than half of sales from China, efforts to bolster U.S. chip production could help holdings likeMicron Technology(MU) andIntel(INTC).The fund, which integrates environmental, social, and governance factors into its analysis, steers clear of deep value and areas in secular decline, instead focusing on higher-quality stocks that are misunderstood, likeHanesbrands(HBI). The company had struggled with acquisitions and competition in its underwear business, but new management is reducing the amount of products it sells and focusing on its fast-growing Champion brand, while also trying to cater to a younger demographics, Hwan says.Stimulus has helped cushion household savings and given consumers a bit more to spend as they emerge from the pandemic. Hwan sees 2021 as the year of the consumer, a reason that 10% of the fund is in consumer credit companies likeMastercard(MA),American Express(AXP), andCapital One Financial(COF).For investors looking for comparisons with other value rallies, Hwan sees more similarities between the current comeback and the one in 2000 after the dot-com bubble burst, than the recovery after the global financial crisis that tripped up value managers. “There’s nothing structurally wrong with the economy in terms of credit” as there was after the financial crisis, he says, “so I think the value rotation could last several years.”Only time will tell whether he’s correct in his assessment, but investors may want to take a more holistic view of value as they try to ride the recovery in the near term.Searching for ValueAs the value rally runs on, investors should start gearing up for a shift in the nature of stocks that perform best. Here are six value-focused funds positioned to capitalize on different stages of the recovery.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354677511,"gmtCreate":1617173403633,"gmtModify":1704696776783,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"Comments pls","listText":"Comments pls","text":"Comments pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/354677511","repostId":"1163996400","repostType":4,"repost":{"id":"1163996400","kind":"news","pubTimestamp":1617094880,"share":"https://ttm.financial/m/news/1163996400?lang=&edition=fundamental","pubTime":"2021-03-30 17:01","market":"us","language":"en","title":"Coursera: The Education Disruptor Goes Public","url":"https://stock-news.laohu8.com/highlight/detail?id=1163996400","media":"seekingalpha","summary":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic","content":"<p><b>Summary</b></p><ul><li>The company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.</li><li>It is operating in a huge addressable market that is likely to grow for the foreseeable future.</li><li>Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.</li><li>Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.</li><li>However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.</li></ul><p>Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.</p><p>Ng’sshareholder letter in the S-1articulated clearly just what the company is about:</p><blockquote>“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”</blockquote><p>The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).</p><p><b>Operating Results</b></p><p>The company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.</p><p>The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.</p><p>At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.</p><p><b>The Strategy and Market Opportunity</b></p><p>Coursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.</p><p>The platform offers a number of education tracks, for example:</p><ul><li>Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.</li><li>MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.</li><li>Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.</li><li>Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.</li></ul><p>In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).</p><p>The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.</p><p>A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.</p><p>Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.</p><p>The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.</p><p>In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.</p><p>The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.</p><p>Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.</p><p>With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.</p><p><b>Conclusion</b></p><p>Coursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.</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>Coursera: The Education Disruptor Goes Public</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\">\nCoursera: The Education Disruptor Goes Public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future....</p>\n\n<a href=\"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7cedd6cbf23bbe97eaec389fb0773ed6","relate_stocks":{"COUR":"Coursera, Inc."},"source_url":"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163996400","content_text":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future.Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.Ng’sshareholder letter in the S-1articulated clearly just what the company is about:“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).Operating ResultsThe company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.The Strategy and Market OpportunityCoursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.The platform offers a number of education tracks, for example:Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.ConclusionCoursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575927670533252","authorId":"3575927670533252","name":"schsch","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575927670533252","idStr":"3575927670533252"},"content":"comment and like back","text":"comment and like back","html":"comment and like back"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325735206,"gmtCreate":1615936016405,"gmtModify":1704788569652,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"Good, comment","listText":"Good, comment","text":"Good, comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/325735206","repostId":"1115937529","repostType":4,"repost":{"id":"1115937529","kind":"news","pubTimestamp":1615909804,"share":"https://ttm.financial/m/news/1115937529?lang=&edition=fundamental","pubTime":"2021-03-16 23:50","market":"us","language":"en","title":"After winning with ‘disruptive’ stocks, this five-star manager has a few more ideas to share","url":"https://stock-news.laohu8.com/highlight/detail?id=1115937529","media":"marketwatch","summary":"Pacira BioSciences, Planet Fitness and Lyft are among the next hottest stocks, says Macquarie’s Alex","content":"<blockquote>Pacira BioSciences, Planet Fitness and Lyft are among the next hottest stocks, says Macquarie’s Alexander Ely.</blockquote><p>The world is about to step out of a dark hole and into the bright sunshine, so investors should drop the anxiety already.</p><p>That is the message from Alexander Ely, chief investment officer of U.S. equity growth at Macquarie Investment Management. “The economy is reopening, it’s doing great. We’re coming out of a pandemic. It’s going to be awesome,” he told MarketWatch in a recent interview.</p><p>It appears some investors are thinking along the same lines, as value and cyclical stocks take off in anticipation of a recovery from the deadly COVID-19 pandemic that has rocked the world for a year. And smaller companies, cogs in the wheels of the economy, have also been rising with the Russell 2000RUT,-1.04%up 18% so far this year.</p><p><img src=\"https://static.tigerbbs.com/0c5bdd22708619636702dcbaabe90f52\" tg-width=\"654\" tg-height=\"342\" referrerpolicy=\"no-referrer\"></p><p>“Smaller companies and mid caps, to an extent as well, are more levered to an expansion in the markets. And that’s why we believe smaller cap companies will do better,” said Ely. He focuses on what he calls “disruptive” stocks of companies that offer a “better, cheaper, faster way of doing things.”</p><p>And Ely appears to have a knack for picking those stocks. Ad-tech group Trade DeskTTD,5.29%and mobile-payments processor SquareSQ,-0.99%,two companieshe highlighted last yearto MarketWatch, returned over 200% each last year. His five-star rated fund, Delaware Smid [small and mid] Cap GrowthDFCIX,+1.09%has had average annual returns of 34% over the past three years and 28% for five years. The fund has been in the top performance quartile of its “midcap growth” peer group for 15 years,according to Morningstar.</p><p>Headed into the pandemic, Ely said it was best to own companies involving crowds or a recovery. “And now that we’re coming back out of it, there’s a couple of areas that we think have particular strengths,” he said.</p><p>His first pick is Pacira BioSciencesPCRX,-0.47%,a maker of non-opioid local anesthesia that plays into a dramatic rebound in medical procedures he sees coming. Knee replacements and similar procedures had been increasing 2% to 4% every year for about 40 years, apart from a flat year between 2008 and 2009. But they fell 15% last year as people avoided hospitals because of COVID-19, notes Ely.</p><p>“We see these coming back. You can’t put off getting your knee done, or your ankle done, or your hip done forever,” he said. Pacira’s products will cut the risk of an opioid addiction, he adds, pointing to data showing 40% of people who end up addicted got there as the result of surgery.</p><p>While opiates have been popular because they’re cheap and get the job done, the playing field for companies like Pacira has been leveled thanks to a bipartisan opiates support bill of a couple of years ago that subsidizes non-opioid anesthesia, he noted.</p><p>His next pick taps into what everyone is looking for — companies levered to consumers or consumer interaction. “I have kids in their late 20s, late teens — they can’t wait to get back out there and go to an event, go back to the gym, go to restaurants, travel, what have you,” he said.</p><p>That leads him to stocks like ride-hailing group LyftLYFT,-2.67%,which he said has been getting costs under control and is specifically leveraged to helping consumers return to those activities. Lyft and rival Uber TechnologiesUBER,-0.56%,which Macquarie owns in larger portfolios, have both “shirked money-losing units, so they’re better prepared to show profits this year,” he said.</p><p>He also owns gym chain Planet FitnessPLNT,-1.17%.“I think after riding a bike indoors or what not for about a year, people are going to want to get back out there,” he said. “Planet Fitness is the largest by far, a clear leader in the value proposition growth area.”</p><p>Ely said he had been watching to see when Planet Fitness shares would start outperforming Peloton InteractivePTON,-0.82%.This is now happening, he notes, with the gym chain up 4% year-to-date and the maker of home-exercise equipment down 22%.</p><p><img src=\"https://static.tigerbbs.com/746ae77eabb740756a5c3121836df0b8\" tg-width=\"647\" tg-height=\"349\" referrerpolicy=\"no-referrer\"></p><p>Planet Fitness has “a lot of upside and fundamentals should improve significantly as we reopen over the next one month, two months, three months,” he said.</p><p>Ely also owns ProgynyPGNY,-1.17%,which he calls “one of the fastest-growing healthcare companies out there.” Progyny is a fertility-benefits provider for companies, with big Silicon Valley names such as MicrosoftMSFT,1.96%and FacebookFB,2.54%on its books.</p><p>“There’s a bunch of trends at play here. First off, people are having babies when they’re older, in general people are having more trouble having babies just flat out, and more and more corporations want to show that they care, and want to help employees in areas that they can. This is a terrific benefit for people to sign up for,” he said.</p><p>Many may have discovered during the pandemic problems with conceiving children, and may be ready to seek that treatment. Progyny did an initial public offering last January, went through the pandemic and did well, but then investors got rattled by some disappointment with revenue, Ely said.</p><p>“There’s nothing wrong with the business, they were just being conservative going into the year, which every company does” he said.</p><p>Ely reiterated the importance of investing early in an economic cycle, set to get kick-started by the recent U.S. fiscal stimulus package. “Right now, we are seven to eight months into a new economic cycle,” he said. Previous bull markets have lasted eight to nine years on average, and equities, notably small companies due to their leverage in an improving economy, tend to perform better, he added.</p><p>“The biggest risk to investors out there right now is not taking risk, [or being] blinded by these stories that the world isn’t going to be great. It’s going to be great, humanity is going to come through this drawdown in a terrific spot,” Ely said.</p>","source":"market_watch","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>After winning with ‘disruptive’ stocks, this five-star manager has a few more ideas to share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter winning with ‘disruptive’ stocks, this five-star manager has a few more ideas to share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/after-winning-with-disruptive-stocks-this-five-star-manager-has-a-few-more-ideas-to-share-11615908335?mod=hp_LATEST&adobe_mc=MCMID%3D64822608045679797911274627916813576001%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1615909629><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pacira BioSciences, Planet Fitness and Lyft are among the next hottest stocks, says Macquarie’s Alexander Ely.The world is about to step out of a dark hole and into the bright sunshine, so investors ...</p>\n\n<a href=\"https://www.marketwatch.com/story/after-winning-with-disruptive-stocks-this-five-star-manager-has-a-few-more-ideas-to-share-11615908335?mod=hp_LATEST&adobe_mc=MCMID%3D64822608045679797911274627916813576001%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1615909629\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/after-winning-with-disruptive-stocks-this-five-star-manager-has-a-few-more-ideas-to-share-11615908335?mod=hp_LATEST&adobe_mc=MCMID%3D64822608045679797911274627916813576001%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1615909629","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1115937529","content_text":"Pacira BioSciences, Planet Fitness and Lyft are among the next hottest stocks, says Macquarie’s Alexander Ely.The world is about to step out of a dark hole and into the bright sunshine, so investors should drop the anxiety already.That is the message from Alexander Ely, chief investment officer of U.S. equity growth at Macquarie Investment Management. “The economy is reopening, it’s doing great. We’re coming out of a pandemic. It’s going to be awesome,” he told MarketWatch in a recent interview.It appears some investors are thinking along the same lines, as value and cyclical stocks take off in anticipation of a recovery from the deadly COVID-19 pandemic that has rocked the world for a year. And smaller companies, cogs in the wheels of the economy, have also been rising with the Russell 2000RUT,-1.04%up 18% so far this year.“Smaller companies and mid caps, to an extent as well, are more levered to an expansion in the markets. And that’s why we believe smaller cap companies will do better,” said Ely. He focuses on what he calls “disruptive” stocks of companies that offer a “better, cheaper, faster way of doing things.”And Ely appears to have a knack for picking those stocks. Ad-tech group Trade DeskTTD,5.29%and mobile-payments processor SquareSQ,-0.99%,two companieshe highlighted last yearto MarketWatch, returned over 200% each last year. His five-star rated fund, Delaware Smid [small and mid] Cap GrowthDFCIX,+1.09%has had average annual returns of 34% over the past three years and 28% for five years. The fund has been in the top performance quartile of its “midcap growth” peer group for 15 years,according to Morningstar.Headed into the pandemic, Ely said it was best to own companies involving crowds or a recovery. “And now that we’re coming back out of it, there’s a couple of areas that we think have particular strengths,” he said.His first pick is Pacira BioSciencesPCRX,-0.47%,a maker of non-opioid local anesthesia that plays into a dramatic rebound in medical procedures he sees coming. Knee replacements and similar procedures had been increasing 2% to 4% every year for about 40 years, apart from a flat year between 2008 and 2009. But they fell 15% last year as people avoided hospitals because of COVID-19, notes Ely.“We see these coming back. You can’t put off getting your knee done, or your ankle done, or your hip done forever,” he said. Pacira’s products will cut the risk of an opioid addiction, he adds, pointing to data showing 40% of people who end up addicted got there as the result of surgery.While opiates have been popular because they’re cheap and get the job done, the playing field for companies like Pacira has been leveled thanks to a bipartisan opiates support bill of a couple of years ago that subsidizes non-opioid anesthesia, he noted.His next pick taps into what everyone is looking for — companies levered to consumers or consumer interaction. “I have kids in their late 20s, late teens — they can’t wait to get back out there and go to an event, go back to the gym, go to restaurants, travel, what have you,” he said.That leads him to stocks like ride-hailing group LyftLYFT,-2.67%,which he said has been getting costs under control and is specifically leveraged to helping consumers return to those activities. Lyft and rival Uber TechnologiesUBER,-0.56%,which Macquarie owns in larger portfolios, have both “shirked money-losing units, so they’re better prepared to show profits this year,” he said.He also owns gym chain Planet FitnessPLNT,-1.17%.“I think after riding a bike indoors or what not for about a year, people are going to want to get back out there,” he said. “Planet Fitness is the largest by far, a clear leader in the value proposition growth area.”Ely said he had been watching to see when Planet Fitness shares would start outperforming Peloton InteractivePTON,-0.82%.This is now happening, he notes, with the gym chain up 4% year-to-date and the maker of home-exercise equipment down 22%.Planet Fitness has “a lot of upside and fundamentals should improve significantly as we reopen over the next one month, two months, three months,” he said.Ely also owns ProgynyPGNY,-1.17%,which he calls “one of the fastest-growing healthcare companies out there.” Progyny is a fertility-benefits provider for companies, with big Silicon Valley names such as MicrosoftMSFT,1.96%and FacebookFB,2.54%on its books.“There’s a bunch of trends at play here. First off, people are having babies when they’re older, in general people are having more trouble having babies just flat out, and more and more corporations want to show that they care, and want to help employees in areas that they can. This is a terrific benefit for people to sign up for,” he said.Many may have discovered during the pandemic problems with conceiving children, and may be ready to seek that treatment. Progyny did an initial public offering last January, went through the pandemic and did well, but then investors got rattled by some disappointment with revenue, Ely said.“There’s nothing wrong with the business, they were just being conservative going into the year, which every company does” he said.Ely reiterated the importance of investing early in an economic cycle, set to get kick-started by the recent U.S. fiscal stimulus package. “Right now, we are seven to eight months into a new economic cycle,” he said. Previous bull markets have lasted eight to nine years on average, and equities, notably small companies due to their leverage in an improving economy, tend to perform better, he added.“The biggest risk to investors out there right now is not taking risk, [or being] blinded by these stories that the world isn’t going to be great. It’s going to be great, humanity is going to come through this drawdown in a terrific spot,” Ely said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153882009,"gmtCreate":1625017312701,"gmtModify":1703850184660,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153882009","repostId":"1124372919","repostType":4,"repost":{"id":"1124372919","kind":"news","pubTimestamp":1624869783,"share":"https://ttm.financial/m/news/1124372919?lang=&edition=fundamental","pubTime":"2021-06-28 16:43","market":"us","language":"en","title":"NIO: The Path To A $1 Trillion Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=1124372919","media":"seekingalpha","summary":"NIO is known by many as a large cap Chinese electric vehicle company.However, it is actually much more than that and possesses several key competitive advantages.We discuss how these factors could combine with its focus on China to transform it into a $1 trillion mega cap.NIO also has a strong foothold on autonomous mobility technology thanks to filing nearly 50 patents in the area and boasts AI-powered smart \"cockpits.\". Given that the mobility industry is becoming increasingly software-driven,","content":"<p><b>Summary</b></p>\n<ul>\n <li>NIO is known by many as a large cap Chinese electric vehicle company.</li>\n <li>However, it is actually much more than that and possesses several key competitive advantages.</li>\n <li>We discuss how these factors could combine with its focus on China to transform it into a $1 trillion mega cap.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17cdcfe41a4b886c29dad01d4512e84e\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Lintao Zhang/Getty Images News</span></p>\n<p>Similar to how we analyzed Palantir(NYSE:PLTR)in our recent piece<i>Palantir: The Path To A $1 Trillion Valuation</i>, NIO Inc.(NYSE:NIO)is unique in that it is already a large cap stock, but has a massive growth runway that could quite conceivably make it a mega-cap stock and eventually even approach a valuation of $1 Trillion. Here are five reasons why it could successfully achieve that valuation:</p>\n<p><b>#1. \"Gas Station\" Of The Future</b></p>\n<p>NIO is a major designer and manufacturer of high-tech electric vehicles in China and as a result competes with the likes of Tesla(NASDAQ:TSLA)in innovative technologies like connectivity, batteries, autonomous mobility, and artificial intelligence.</p>\n<p>NIO's status as an emerging leader in these innovative technologies is perhaps the biggest reason to believe that they could become a multi-bagger from today's already lofty valuation and become a true mega cap.</p>\n<p>For example, its Battery-as-a-Service (BaaS) potential is immense. The company has already begun building out the infrastructure for this business through its&nbsp;recent partnership&nbsp;with Sinopec(NYSE:SHI)through which they aspire to create a 5,000 battery swap station network by 2024. This will give NIO a decisive network advantage in this space just as it begins to really take off in the world's largest electric vehicle market, enabling it to form partnerships with other automakers in the country and drive strong revenue growth from this business alone. Essentially, this would make NIO the number one \"gas station\" company in China as the country and world enter the age of electrification.</p>\n<p>Given that they possess hundreds of patents in battery swap technology, NIO seems to already have the intellectual property moat necessary to transform this potential into reality. It appears to be merely a matter of time for them to implement and scale now.</p>\n<p><b>#2. Autonomous Mobility &amp; AI Technology</b></p>\n<p>NIO also has a strong foothold on autonomous mobility technology thanks to filing nearly 50 patents in the area and boasts AI-powered smart \"cockpits.\"</p>\n<p>Given that the mobility industry is becoming increasingly software-driven, its intellectual property portfolio here is important as well. Even more important, though, is its competitive positioning to emerge as a long-term leader in the electric vehicle space in China, not only because of the vehicle sales potential it offers, but much more importantly because it is the largest source of consumer data in the world. As a result, NIO will have access to a vast amount of data with which it can improve its A.I. and build one of the best mobility software platforms in the world.</p>\n<p><b>#3. Government Support</b></p>\n<p>Another big reason to believe in NIO's long-term potential stems from the simple fact that it is a leading local company in China in high-priority technology fields. As a result, it will likely enjoy significant support from the Chinese government so that it can serve as a vehicle whereby China can advance its goals towards becoming the pre-eminent global technological superpower.</p>\n<p>This principle has already played out several times to NIO's benefit.</p>\n<p>For example, the&nbsp;government recently gave&nbsp;NIO a RMB7 billion (US$1b) bailout to give it the cash it needed to sustain and scale operations.</p>\n<p>Additionally, government-owned auto manufacturer - Anhui Jianghuai Automobile Group Corp - has also assisted NIO by providing it with manufacturing services, enabling it to scale with minimal additional capital investment.</p>\n<p>Perhaps the most glaring example of this was how the Chinese state media&nbsp;recently successfully harmed&nbsp;the reputation of TSLA - NIO's top foreign rival - to the point where the Elon Musk-led company had to issue an apology.</p>\n<p>Furthermore, the Chinese government is making a major push to transition the automotive market towards electric vehicles in an effort to battle its huge pollution problem. It is achieving these aims by offering purchase rebates and tax exemptions for the industry, while also placing restrictions on new gasoline and diesel powered vehicle permits.</p>\n<p><b>#4. Global Expansion</b></p>\n<p>NIO is also poised to begin expanding its sales into global markets, beginning with Norway. Not only will the company be selling its cars there, but it will be building out local physical and digital infrastructure to create a high quality user-friendly ecosystem to add value to its brand and bolster its competitive positioning. Once it has built significant scale in Norway, it will then have a greater position of strength from which to infiltrate the rest of the European market. Given the geopolitical tensions with the United States at the moment as well as Tesla's dominance in the U.S. electric vehicle market, Europe seems like a much more logical choice to begin global expansion.</p>\n<p><b>#5. Crunching The Numbers</b></p>\n<p>Electric Vehicle sales are already growing exponentially - especially in China - and we expect that number to explode much higher in the years to come.</p>\n<p><img src=\"https://static.tigerbbs.com/00cdeb70c618caeddbbd16df936194ad\" tg-width=\"960\" tg-height=\"572\"></p>\n<p>In fact, while just barely over 1.2 million electric vehicles were sold worldwide in 2017,Bloomberg New Energy Finance&nbsp;expects that number to soar to 60 million by 2040. Not only that, but battery and battery charging infrastructure demand will soar as well.</p>\n<p>If NIO can seize on its early leadership in China in both the electric vehicle and battery charging infrastructure businesses and also successfully scale its business internationally, there is certainly room for it to achieve a $1 trillion valuation by 2040. For example, its gross margin is expected to be nearly 20% in 2021 and 2022. TSLA's gross, meanwhile, is around 23% and its net margin is roughly half of that, or ~11.5%.</p>\n<p>NIO's BaaS business should also be higher margin given that it could be entirely automated and the actual real estate could be leased instead of owned in order to free up capital for higher return investment elsewhere. With continued scaling in both businesses and overall positive trends in the business with reduced costs across the board through automation and enhanced data analytics, we think gross margins of 25% and net margins of 15% by 2040 are entirely feasible.</p>\n<p>If NIO were to grab just 7.5% of the global EV market (TSLA's is currently 11%) by 2040, it would be selling ~4.5 million cars per year. We think this share is actually very feasible when you consider that the majority of electric vehicle sales are expected to be in China and that NIO has an inside track on that market given the support it is receiving from the government.</p>\n<p>If the average sale were for $40,000 per electric vehicle, its profit would be ~$6,000 per vehicle, translating to $27 billion in annual profit from auto sales alone. At a 30x price-to-earnings multiple, that would put the automotive business at a $810 billion valuation.</p>\n<p>Meanwhile, its BaaS business could likely generate $150 in profits per year per vehicle in its sphere in China. By 2030,it is estimated&nbsp;that there will be 50 million electric vehicles on the road in China and that EVs will account for 40% of total auto sales. A very conservative estimate is that the number of EVs on the road in China will double to 100 million by 2040. If NIO's BaaS business serves 20% of the electric vehicles in China by 2040, that would equate to an additional $3+ billion in annual net income. Once again applying a 30x price-to-earnings multiple, that would equate to roughly another $100 billion in market valuation.</p>\n<p>Meanwhile, the potential for using its data and autonomous vehicle technology as well as vast BaaS infrastructure to launch an autonomous taxi business network is also immense. While it is hard to know exactly what sort of value this would command as it is hard to project how it would be regulated by the Chinese government and how well consumers would adopt it, it is not a stretch that NIO's scale and capabilities by this point in such a potentially massive market as is offered in China would put the valuation for this business at $100 billion.</p>\n<p>Combining all three businesses gets us to a $1 trillion total valuation under a bullish, but not entirely implausible scenario.</p>\n<p><b>Risk Analysis</b></p>\n<p>While the path to $1 trillion certainly looks viable, there are numerous risks to consider along the way.</p>\n<p>First and foremost, NIO faces a lot of competition from both foreign and domestic companies. TSLA has a large presence in China and overseas and sports a premium brand to go along with an extremely driven and innovative CEO and engineering team. While the Chinese government has helped NIO some already with surviving the TSLA threat, it is unknown the depths that it will have to and be willing to go to continue giving NIO a boost to sustain its competitive standing in its domestic market.</p>\n<p>Of course, NIO also faces competitive pressures from fellow Chinese electric vehicle manufacturers including Baidu(NASDAQ:BIDU), which already has a&nbsp;partnership&nbsp;with a government-owned automaker (BAIC Group) to put 1,000 driverless cars on the roads over the next 3 years as a prelude to establishing an autonomous taxi service in China. Facing off against fellow major domestic players who also have government backing poses another threat to NIO because it means that it cannot solely rely on government assistance to survive and thrive.</p>\n<p>On that same note, it also increases the political risk for NIO. Given that it is not the only horse that China is betting on in the mobility space, if their leadership were to run afoul of the Chinese Communist Party and/or they were to simply lag behind in performance, they could quickly be \"dropped\" by the government and the business could fall into a downward spiral. If Alibaba(NYSE:BABA)&nbsp;could face this, NIO certainly could too. If nothing else, the Chinese government could easily seize some or all of NIO's physical or intellectual property for state use, depriving NIO shareholders of much of their equity value.</p>\n<p>Furthermore, expanding overseas could also be complicated by the fact that China is currently dealing with growing geopolitical tensions with other Asia-Pacific nations, Europe, and the United States. As a result, trade barriers may go up, especially in such high-priority technologies as mobility and autonomous technology. The U.S., Europe, Japan, Korea, and even India have well-established automobile industries and if they feel threatened by a Chinese competitor, they may well decide to throw up barriers to entry in their markets.</p>\n<p>Of course, as the China hustle pointed out, many Chinese companies have a troubling track record of fudging accounting numbers. As a result, investors should always view Chinese company - to include NIO's - financial numbers with a healthy dose of skepticism. While it is very possible - if not likely - that NIO's numbers are completely accurate, it is still a risk that needs to be considered.</p>\n<p>Last, but not least, NIO is currently priced quite expensively as it is still running up massive losses and trades at 71 times expected 2021 gross income. Therefore, the range of potential future outcomes is quite wide and investors could very well be dramatically overpaying by purchasing at today's prices. It should be viewed as a highly speculative investment accordingly.</p>\n<p><b>Investor Takeaway</b></p>\n<p>NIO is currently struggling to turn a profit and has had to be bailed out by the Chinese government. At the same time, its valuation is sky-high. While this might steer many investors away and the stock is indeed a very speculative investment, there is also a plausible path for the company to become a $1 trillion mega cap by 2040 and generate attractive long-term returns for investors as a result.</p>\n<p>While not for the faint of heart and certainly not without risks, NIO could continue on its path towards becoming one of the world's pre-eminent mobility companies.</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>NIO: The Path To A $1 Trillion Valuation</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\">\nNIO: The Path To A $1 Trillion Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 16:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436753-nio-the-path-to-a-1-trillion-valuation><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nNIO is known by many as a large cap Chinese electric vehicle company.\nHowever, it is actually much more than that and possesses several key competitive advantages.\nWe discuss how these ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436753-nio-the-path-to-a-1-trillion-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4436753-nio-the-path-to-a-1-trillion-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124372919","content_text":"Summary\n\nNIO is known by many as a large cap Chinese electric vehicle company.\nHowever, it is actually much more than that and possesses several key competitive advantages.\nWe discuss how these factors could combine with its focus on China to transform it into a $1 trillion mega cap.\n\nLintao Zhang/Getty Images News\nSimilar to how we analyzed Palantir(NYSE:PLTR)in our recent piecePalantir: The Path To A $1 Trillion Valuation, NIO Inc.(NYSE:NIO)is unique in that it is already a large cap stock, but has a massive growth runway that could quite conceivably make it a mega-cap stock and eventually even approach a valuation of $1 Trillion. Here are five reasons why it could successfully achieve that valuation:\n#1. \"Gas Station\" Of The Future\nNIO is a major designer and manufacturer of high-tech electric vehicles in China and as a result competes with the likes of Tesla(NASDAQ:TSLA)in innovative technologies like connectivity, batteries, autonomous mobility, and artificial intelligence.\nNIO's status as an emerging leader in these innovative technologies is perhaps the biggest reason to believe that they could become a multi-bagger from today's already lofty valuation and become a true mega cap.\nFor example, its Battery-as-a-Service (BaaS) potential is immense. The company has already begun building out the infrastructure for this business through its recent partnership with Sinopec(NYSE:SHI)through which they aspire to create a 5,000 battery swap station network by 2024. This will give NIO a decisive network advantage in this space just as it begins to really take off in the world's largest electric vehicle market, enabling it to form partnerships with other automakers in the country and drive strong revenue growth from this business alone. Essentially, this would make NIO the number one \"gas station\" company in China as the country and world enter the age of electrification.\nGiven that they possess hundreds of patents in battery swap technology, NIO seems to already have the intellectual property moat necessary to transform this potential into reality. It appears to be merely a matter of time for them to implement and scale now.\n#2. Autonomous Mobility & AI Technology\nNIO also has a strong foothold on autonomous mobility technology thanks to filing nearly 50 patents in the area and boasts AI-powered smart \"cockpits.\"\nGiven that the mobility industry is becoming increasingly software-driven, its intellectual property portfolio here is important as well. Even more important, though, is its competitive positioning to emerge as a long-term leader in the electric vehicle space in China, not only because of the vehicle sales potential it offers, but much more importantly because it is the largest source of consumer data in the world. As a result, NIO will have access to a vast amount of data with which it can improve its A.I. and build one of the best mobility software platforms in the world.\n#3. Government Support\nAnother big reason to believe in NIO's long-term potential stems from the simple fact that it is a leading local company in China in high-priority technology fields. As a result, it will likely enjoy significant support from the Chinese government so that it can serve as a vehicle whereby China can advance its goals towards becoming the pre-eminent global technological superpower.\nThis principle has already played out several times to NIO's benefit.\nFor example, the government recently gave NIO a RMB7 billion (US$1b) bailout to give it the cash it needed to sustain and scale operations.\nAdditionally, government-owned auto manufacturer - Anhui Jianghuai Automobile Group Corp - has also assisted NIO by providing it with manufacturing services, enabling it to scale with minimal additional capital investment.\nPerhaps the most glaring example of this was how the Chinese state media recently successfully harmed the reputation of TSLA - NIO's top foreign rival - to the point where the Elon Musk-led company had to issue an apology.\nFurthermore, the Chinese government is making a major push to transition the automotive market towards electric vehicles in an effort to battle its huge pollution problem. It is achieving these aims by offering purchase rebates and tax exemptions for the industry, while also placing restrictions on new gasoline and diesel powered vehicle permits.\n#4. Global Expansion\nNIO is also poised to begin expanding its sales into global markets, beginning with Norway. Not only will the company be selling its cars there, but it will be building out local physical and digital infrastructure to create a high quality user-friendly ecosystem to add value to its brand and bolster its competitive positioning. Once it has built significant scale in Norway, it will then have a greater position of strength from which to infiltrate the rest of the European market. Given the geopolitical tensions with the United States at the moment as well as Tesla's dominance in the U.S. electric vehicle market, Europe seems like a much more logical choice to begin global expansion.\n#5. Crunching The Numbers\nElectric Vehicle sales are already growing exponentially - especially in China - and we expect that number to explode much higher in the years to come.\n\nIn fact, while just barely over 1.2 million electric vehicles were sold worldwide in 2017,Bloomberg New Energy Finance expects that number to soar to 60 million by 2040. Not only that, but battery and battery charging infrastructure demand will soar as well.\nIf NIO can seize on its early leadership in China in both the electric vehicle and battery charging infrastructure businesses and also successfully scale its business internationally, there is certainly room for it to achieve a $1 trillion valuation by 2040. For example, its gross margin is expected to be nearly 20% in 2021 and 2022. TSLA's gross, meanwhile, is around 23% and its net margin is roughly half of that, or ~11.5%.\nNIO's BaaS business should also be higher margin given that it could be entirely automated and the actual real estate could be leased instead of owned in order to free up capital for higher return investment elsewhere. With continued scaling in both businesses and overall positive trends in the business with reduced costs across the board through automation and enhanced data analytics, we think gross margins of 25% and net margins of 15% by 2040 are entirely feasible.\nIf NIO were to grab just 7.5% of the global EV market (TSLA's is currently 11%) by 2040, it would be selling ~4.5 million cars per year. We think this share is actually very feasible when you consider that the majority of electric vehicle sales are expected to be in China and that NIO has an inside track on that market given the support it is receiving from the government.\nIf the average sale were for $40,000 per electric vehicle, its profit would be ~$6,000 per vehicle, translating to $27 billion in annual profit from auto sales alone. At a 30x price-to-earnings multiple, that would put the automotive business at a $810 billion valuation.\nMeanwhile, its BaaS business could likely generate $150 in profits per year per vehicle in its sphere in China. By 2030,it is estimated that there will be 50 million electric vehicles on the road in China and that EVs will account for 40% of total auto sales. A very conservative estimate is that the number of EVs on the road in China will double to 100 million by 2040. If NIO's BaaS business serves 20% of the electric vehicles in China by 2040, that would equate to an additional $3+ billion in annual net income. Once again applying a 30x price-to-earnings multiple, that would equate to roughly another $100 billion in market valuation.\nMeanwhile, the potential for using its data and autonomous vehicle technology as well as vast BaaS infrastructure to launch an autonomous taxi business network is also immense. While it is hard to know exactly what sort of value this would command as it is hard to project how it would be regulated by the Chinese government and how well consumers would adopt it, it is not a stretch that NIO's scale and capabilities by this point in such a potentially massive market as is offered in China would put the valuation for this business at $100 billion.\nCombining all three businesses gets us to a $1 trillion total valuation under a bullish, but not entirely implausible scenario.\nRisk Analysis\nWhile the path to $1 trillion certainly looks viable, there are numerous risks to consider along the way.\nFirst and foremost, NIO faces a lot of competition from both foreign and domestic companies. TSLA has a large presence in China and overseas and sports a premium brand to go along with an extremely driven and innovative CEO and engineering team. While the Chinese government has helped NIO some already with surviving the TSLA threat, it is unknown the depths that it will have to and be willing to go to continue giving NIO a boost to sustain its competitive standing in its domestic market.\nOf course, NIO also faces competitive pressures from fellow Chinese electric vehicle manufacturers including Baidu(NASDAQ:BIDU), which already has a partnership with a government-owned automaker (BAIC Group) to put 1,000 driverless cars on the roads over the next 3 years as a prelude to establishing an autonomous taxi service in China. Facing off against fellow major domestic players who also have government backing poses another threat to NIO because it means that it cannot solely rely on government assistance to survive and thrive.\nOn that same note, it also increases the political risk for NIO. Given that it is not the only horse that China is betting on in the mobility space, if their leadership were to run afoul of the Chinese Communist Party and/or they were to simply lag behind in performance, they could quickly be \"dropped\" by the government and the business could fall into a downward spiral. If Alibaba(NYSE:BABA) could face this, NIO certainly could too. If nothing else, the Chinese government could easily seize some or all of NIO's physical or intellectual property for state use, depriving NIO shareholders of much of their equity value.\nFurthermore, expanding overseas could also be complicated by the fact that China is currently dealing with growing geopolitical tensions with other Asia-Pacific nations, Europe, and the United States. As a result, trade barriers may go up, especially in such high-priority technologies as mobility and autonomous technology. The U.S., Europe, Japan, Korea, and even India have well-established automobile industries and if they feel threatened by a Chinese competitor, they may well decide to throw up barriers to entry in their markets.\nOf course, as the China hustle pointed out, many Chinese companies have a troubling track record of fudging accounting numbers. As a result, investors should always view Chinese company - to include NIO's - financial numbers with a healthy dose of skepticism. While it is very possible - if not likely - that NIO's numbers are completely accurate, it is still a risk that needs to be considered.\nLast, but not least, NIO is currently priced quite expensively as it is still running up massive losses and trades at 71 times expected 2021 gross income. Therefore, the range of potential future outcomes is quite wide and investors could very well be dramatically overpaying by purchasing at today's prices. It should be viewed as a highly speculative investment accordingly.\nInvestor Takeaway\nNIO is currently struggling to turn a profit and has had to be bailed out by the Chinese government. At the same time, its valuation is sky-high. While this might steer many investors away and the stock is indeed a very speculative investment, there is also a plausible path for the company to become a $1 trillion mega cap by 2040 and generate attractive long-term returns for investors as a result.\nWhile not for the faint of heart and certainly not without risks, NIO could continue on its path towards becoming one of the world's pre-eminent mobility companies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117817326,"gmtCreate":1623129663765,"gmtModify":1704196681897,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"themes":[],"htmlText":"Yay...&nbsp;","listText":"Yay...&nbsp;","text":"Yay...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/117817326","repostId":"2141252512","repostType":4,"repost":{"id":"2141252512","kind":"news","pubTimestamp":1623126189,"share":"https://ttm.financial/m/news/2141252512?lang=&edition=fundamental","pubTime":"2021-06-08 12:23","market":"sg","language":"en","title":"One Championship reveals listing plans, after two Temasek-linked directors resign","url":"https://stock-news.laohu8.com/highlight/detail?id=2141252512","media":"The Straits Times","summary":"SINGAPORE - The recent departures of two of Group One Holdings' directors come amid the company's pl","content":"<div>\n<p>SINGAPORE - The recent departures of two of Group One Holdings' directors come amid the company's plans for a public listing, said group president Teh Hua Feng.He was responding to recent media ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/one-championship-reveals-listing-plans-after-two-temasek-linked-directors\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One Championship reveals listing plans, after two Temasek-linked directors resign</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\">\nOne Championship reveals listing plans, after two Temasek-linked directors resign\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 12:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/one-championship-reveals-listing-plans-after-two-temasek-linked-directors><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - The recent departures of two of Group One Holdings' directors come amid the company's plans for a public listing, said group president Teh Hua Feng.He was responding to recent media ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/one-championship-reveals-listing-plans-after-two-temasek-linked-directors\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/one-championship-reveals-listing-plans-after-two-temasek-linked-directors","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141252512","content_text":"SINGAPORE - The recent departures of two of Group One Holdings' directors come amid the company's plans for a public listing, said group president Teh Hua Feng.He was responding to recent media reports on the resignations of Mr Derek Lau, Temasek subsidiary Heliconica Capital Management chief executive, and Mr Fock Wai Hoong, a managing director at Temasek. Both stepped down from One's board last month, DealStreetAsia and The Business Times reported earlier.The sports media company is the the Singapore-registered entity of mixed martial arts promoter One Championship.In a statement on Monday (June 7), Mr Teh said: \"As part of our plans for a public listing, we are taking a number of technical steps to ensure that we have the right governance structure in place for various jurisdictions, including the United States.\"Temasek and Heliconia Capital remain fully engaged and supportive with the firm's strategic direction, he added.The state investor is among Group One Holdings' backers, which include sovereign wealth fund GIC and venture capital firms Sequoia Capital and Iconiq Capital.In its statement, Group One Holdings said that it has appointed Goldman Sachs and Credit Suisse as its financial advisors for a potential listing, and Skadden, Arps, Slate, Meagher & Flom LLP as legal advisor.Mr Lau joined the board in September 2016 after Heliconia's investment, while Mr Fock was appointed in July 2020.In February, Bloomberg reported that One Championship was considering listing in the US via a special purpose acquisition company. An investor told BT that its revenue-generating potential is not yet evident, and it will have to be \"an extraordinary process to get to the public markets\".Last June, the firm announced that it raised US$70 million (S$92 million) in its latest funding round. At the same time, it cut 20 per cent of its total headcount globally, as part of moves to streamline operations. One has been hard hit by the Covid-19 pandemic, with events put on hold for much of last year until its pilot event last October.It recently postponed the One: Empower event, which was scheduled for May 28 at the Singapore Indoor Stadium due to the Covid-19 situation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}