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努力學習的韭菜

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努力學習的韭菜

2021-07-29

Good to buy?

PayPal stock slips as earnings beat expectations but outlook comes up short

努力學習的韭菜

2021-07-15

[Cool]

S&P 500 ends higher after Powell lulls market

努力學習的韭菜

2021-07-08

$Intel(INTC)$please up

努力學習的韭菜

2021-06-25

I need a T

@小虎活动:【老虎7週年】集卡瓜分百萬獎金

努力學習的韭菜

2021-05-06

Good

What JPMorgan's New Fund Means for Bitcoin

努力學習的韭菜

2021-04-29

[Cool] [Cool]

Apple's Earnings Smasher: No Room For Bearishness

努力學習的韭菜

2021-04-27

$SINGAPORE AIRLINES LTD(C6L.SI)$up up up

努力學習的韭菜

2021-04-07

$SEMBCORP MARINE LTD(S51.SI)$why I cannotbuy ?

Go to Tiger App to see more news

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to buy?","listText":"Good to buy?","text":"Good to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801648760","repostId":"2155976821","repostType":4,"repost":{"id":"2155976821","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1627515300,"share":"https://ttm.financial/m/news/2155976821?lang=&edition=fundamental","pubTime":"2021-07-29 07:35","market":"us","language":"en","title":"PayPal stock slips as earnings beat expectations but outlook comes up short","url":"https://stock-news.laohu8.com/highlight/detail?id=2155976821","media":"Dow Jones","summary":"Company points to headwinds from eBay's migration to its own payments experience\nPayPal Holdings Inc","content":"<p>Company points to headwinds from eBay's migration to its own payments experience</p>\n<p>PayPal Holdings Inc. topped profit expectations for its latest quarter, but it delivered a lower-than-expected outlook for the current quarter as eBay's transition to managing its own payments experience is happening more quickly than expected.</p>\n<p>While PayPal (PYPL) was the main payments partner for eBay <a href=\"https://laohu8.com/S/EBAY\">$(EBAY)$</a> in the initial years following the separation of the two companies, eBay is now in the midst of taking over the payments experience on its own site . PayPal expects that the eBay transition will be a headwind in 2021, according to its investor presentation, but Chief Executive Dan Schulman told MarketWatch that eBay's more rapid migration will give PayPal a \"clean slate\" heading into 2022.</p>\n<p>Shares were off 5.7% in after-hours trading.</p>\n<p>The company posted second-quarter net income of $1.18 billion, or $1.00 a share, down from $1.53 billion, or $1.29 a share, a year earlier. After adjustments, PayPal earned $1.15 a share, up from $1.07 a share a year prior and above the FactSet consensus, which called for $1.12 a share.</p>\n<p>PayPal's revenue for the second quarter climbed to $6.24 billion from $5.26 billion, while analysts tracked by FactSet had been expecting $6.27 billion.</p>\n<p>The company's total payment volume, or the value of payments flowing through its platform, came in at $311 billion, up from $221.7 billion a year earlier. Analysts were projecting $295.2 billion in TPV.</p>\n<p>Venmo's total payment volume came in at $58 billion, while Venmo's revenue was up 70%, making for the highest growth rate in the past year. Revenue from Pay With Venmo, which lets people use their Venmo accounts for purchases, was up 183%.</p>\n<p>\"It's clear there's been a shift in shopping behavior,\" Schulman told MarketWatch, as PayPal continues to see strong traction in e-commerce and other digital avenues.</p>\n<p>For the third quarter, PayPal expects revenue of $6.15 billion to $6.25 billion, which includes a $465 million negative impact from the eBay migration. The eBay move is creating about 700 basis points of pressure on PayPal's revenue line, Schulman said, roughly 100 basis points more than expected.</p>\n<p>The company anticipates adjusted earnings per share of $1.07, with that number also expected to be impacted by eBay dynamics.</p>\n<p>Analysts were expecting third-quarter revenue of $6.44 billion and adjusted earnings per share of $1.14.</p>\n<p>\"If there is a sign that the COVID honeymoon may be over, PayPal's 2Q results and likely poor stock reaction are a good example,\" Mizuho analyst Dan Dolev wrote in a note to clients. \"Investors pampered by phenomenal beat-and-raise quarters during COVID may find 'just meeting' revenue guide, not raising EPS despite lower taxes, and slower Venmo growth as somewhat unappetizing.\" (Venmo's TPV slowed sequentially relative to the first quarter.)</p>\n<p>He found positives in the results, however, including upbeat engagement trends and growing uptake of the company's buy-now pay-later offering.</p>\n<p>Wedbush analyst Moshe Katri called out eBay as \"the main culprit\" for PayPal's shortfall, though he noted that metrics like volume growth and core revenue growth accelerated sequentially, excluding eBay. \"Prior dips in PayPal's stock due to eBay-related misses presented great buying opportunities,\" he said in an email to MarketWatch.</p>\n<p>In speaking of the eBay transition, Schulman told MarketWatch that \"the faster they move...the better.\" He expects a \"clean slate\" in 2022 that he said will allow investors to \"really see the impressive nature of the core business.\"</p>\n<p>PayPal raised its full-year forecast in conjunction with its March-quarter earnings report and is largely keeping that outlook intact this time around, except to boost its TPV expectations. The company now anticipates 33% to 35% annual growth in TPV, versus a prior expectation for 30%.</p>\n<p>At the end of 2021, PayPal expects that eBay will represent less than 3% of revenue and TPV.</p>\n<p>PayPal disclosed for the second quarter that it added 11.4 million net new active accounts in the period, bringing its total number of active accounts to 408 million. The company saw 43.5 payment transactions per active account on a trailing-12-month basis.</p>\n<p>Venmo had 76 million active accounts as of the second quarter, up from 70 million when it last disclosed a count six months ago. The company considers active account as those that have made a transaction in the past 12 months.</p>\n<p>Schulman noted on PayPal's earnings call that the company saw \"strong adoption and trading of crypto on Venmo\" in the quarter.</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>PayPal stock slips as earnings beat expectations but outlook comes up short</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\">\nPayPal stock slips as earnings beat expectations but outlook comes up short\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-07-29 07:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Company points to headwinds from eBay's migration to its own payments experience</p>\n<p>PayPal Holdings Inc. topped profit expectations for its latest quarter, but it delivered a lower-than-expected outlook for the current quarter as eBay's transition to managing its own payments experience is happening more quickly than expected.</p>\n<p>While PayPal (PYPL) was the main payments partner for eBay <a href=\"https://laohu8.com/S/EBAY\">$(EBAY)$</a> in the initial years following the separation of the two companies, eBay is now in the midst of taking over the payments experience on its own site . PayPal expects that the eBay transition will be a headwind in 2021, according to its investor presentation, but Chief Executive Dan Schulman told MarketWatch that eBay's more rapid migration will give PayPal a \"clean slate\" heading into 2022.</p>\n<p>Shares were off 5.7% in after-hours trading.</p>\n<p>The company posted second-quarter net income of $1.18 billion, or $1.00 a share, down from $1.53 billion, or $1.29 a share, a year earlier. After adjustments, PayPal earned $1.15 a share, up from $1.07 a share a year prior and above the FactSet consensus, which called for $1.12 a share.</p>\n<p>PayPal's revenue for the second quarter climbed to $6.24 billion from $5.26 billion, while analysts tracked by FactSet had been expecting $6.27 billion.</p>\n<p>The company's total payment volume, or the value of payments flowing through its platform, came in at $311 billion, up from $221.7 billion a year earlier. Analysts were projecting $295.2 billion in TPV.</p>\n<p>Venmo's total payment volume came in at $58 billion, while Venmo's revenue was up 70%, making for the highest growth rate in the past year. Revenue from Pay With Venmo, which lets people use their Venmo accounts for purchases, was up 183%.</p>\n<p>\"It's clear there's been a shift in shopping behavior,\" Schulman told MarketWatch, as PayPal continues to see strong traction in e-commerce and other digital avenues.</p>\n<p>For the third quarter, PayPal expects revenue of $6.15 billion to $6.25 billion, which includes a $465 million negative impact from the eBay migration. The eBay move is creating about 700 basis points of pressure on PayPal's revenue line, Schulman said, roughly 100 basis points more than expected.</p>\n<p>The company anticipates adjusted earnings per share of $1.07, with that number also expected to be impacted by eBay dynamics.</p>\n<p>Analysts were expecting third-quarter revenue of $6.44 billion and adjusted earnings per share of $1.14.</p>\n<p>\"If there is a sign that the COVID honeymoon may be over, PayPal's 2Q results and likely poor stock reaction are a good example,\" Mizuho analyst Dan Dolev wrote in a note to clients. \"Investors pampered by phenomenal beat-and-raise quarters during COVID may find 'just meeting' revenue guide, not raising EPS despite lower taxes, and slower Venmo growth as somewhat unappetizing.\" (Venmo's TPV slowed sequentially relative to the first quarter.)</p>\n<p>He found positives in the results, however, including upbeat engagement trends and growing uptake of the company's buy-now pay-later offering.</p>\n<p>Wedbush analyst Moshe Katri called out eBay as \"the main culprit\" for PayPal's shortfall, though he noted that metrics like volume growth and core revenue growth accelerated sequentially, excluding eBay. \"Prior dips in PayPal's stock due to eBay-related misses presented great buying opportunities,\" he said in an email to MarketWatch.</p>\n<p>In speaking of the eBay transition, Schulman told MarketWatch that \"the faster they move...the better.\" He expects a \"clean slate\" in 2022 that he said will allow investors to \"really see the impressive nature of the core business.\"</p>\n<p>PayPal raised its full-year forecast in conjunction with its March-quarter earnings report and is largely keeping that outlook intact this time around, except to boost its TPV expectations. The company now anticipates 33% to 35% annual growth in TPV, versus a prior expectation for 30%.</p>\n<p>At the end of 2021, PayPal expects that eBay will represent less than 3% of revenue and TPV.</p>\n<p>PayPal disclosed for the second quarter that it added 11.4 million net new active accounts in the period, bringing its total number of active accounts to 408 million. The company saw 43.5 payment transactions per active account on a trailing-12-month basis.</p>\n<p>Venmo had 76 million active accounts as of the second quarter, up from 70 million when it last disclosed a count six months ago. The company considers active account as those that have made a transaction in the past 12 months.</p>\n<p>Schulman noted on PayPal's earnings call that the company saw \"strong adoption and trading of crypto on Venmo\" in the quarter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EBAY":"eBay","PYPL":"PayPal"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155976821","content_text":"Company points to headwinds from eBay's migration to its own payments experience\nPayPal Holdings Inc. topped profit expectations for its latest quarter, but it delivered a lower-than-expected outlook for the current quarter as eBay's transition to managing its own payments experience is happening more quickly than expected.\nWhile PayPal (PYPL) was the main payments partner for eBay $(EBAY)$ in the initial years following the separation of the two companies, eBay is now in the midst of taking over the payments experience on its own site . PayPal expects that the eBay transition will be a headwind in 2021, according to its investor presentation, but Chief Executive Dan Schulman told MarketWatch that eBay's more rapid migration will give PayPal a \"clean slate\" heading into 2022.\nShares were off 5.7% in after-hours trading.\nThe company posted second-quarter net income of $1.18 billion, or $1.00 a share, down from $1.53 billion, or $1.29 a share, a year earlier. After adjustments, PayPal earned $1.15 a share, up from $1.07 a share a year prior and above the FactSet consensus, which called for $1.12 a share.\nPayPal's revenue for the second quarter climbed to $6.24 billion from $5.26 billion, while analysts tracked by FactSet had been expecting $6.27 billion.\nThe company's total payment volume, or the value of payments flowing through its platform, came in at $311 billion, up from $221.7 billion a year earlier. Analysts were projecting $295.2 billion in TPV.\nVenmo's total payment volume came in at $58 billion, while Venmo's revenue was up 70%, making for the highest growth rate in the past year. Revenue from Pay With Venmo, which lets people use their Venmo accounts for purchases, was up 183%.\n\"It's clear there's been a shift in shopping behavior,\" Schulman told MarketWatch, as PayPal continues to see strong traction in e-commerce and other digital avenues.\nFor the third quarter, PayPal expects revenue of $6.15 billion to $6.25 billion, which includes a $465 million negative impact from the eBay migration. The eBay move is creating about 700 basis points of pressure on PayPal's revenue line, Schulman said, roughly 100 basis points more than expected.\nThe company anticipates adjusted earnings per share of $1.07, with that number also expected to be impacted by eBay dynamics.\nAnalysts were expecting third-quarter revenue of $6.44 billion and adjusted earnings per share of $1.14.\n\"If there is a sign that the COVID honeymoon may be over, PayPal's 2Q results and likely poor stock reaction are a good example,\" Mizuho analyst Dan Dolev wrote in a note to clients. \"Investors pampered by phenomenal beat-and-raise quarters during COVID may find 'just meeting' revenue guide, not raising EPS despite lower taxes, and slower Venmo growth as somewhat unappetizing.\" (Venmo's TPV slowed sequentially relative to the first quarter.)\nHe found positives in the results, however, including upbeat engagement trends and growing uptake of the company's buy-now pay-later offering.\nWedbush analyst Moshe Katri called out eBay as \"the main culprit\" for PayPal's shortfall, though he noted that metrics like volume growth and core revenue growth accelerated sequentially, excluding eBay. \"Prior dips in PayPal's stock due to eBay-related misses presented great buying opportunities,\" he said in an email to MarketWatch.\nIn speaking of the eBay transition, Schulman told MarketWatch that \"the faster they move...the better.\" He expects a \"clean slate\" in 2022 that he said will allow investors to \"really see the impressive nature of the core business.\"\nPayPal raised its full-year forecast in conjunction with its March-quarter earnings report and is largely keeping that outlook intact this time around, except to boost its TPV expectations. The company now anticipates 33% to 35% annual growth in TPV, versus a prior expectation for 30%.\nAt the end of 2021, PayPal expects that eBay will represent less than 3% of revenue and TPV.\nPayPal disclosed for the second quarter that it added 11.4 million net new active accounts in the period, bringing its total number of active accounts to 408 million. The company saw 43.5 payment transactions per active account on a trailing-12-month basis.\nVenmo had 76 million active accounts as of the second quarter, up from 70 million when it last disclosed a count six months ago. The company considers active account as those that have made a transaction in the past 12 months.\nSchulman noted on PayPal's earnings call that the company saw \"strong adoption and trading of crypto on Venmo\" in the quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144552121,"gmtCreate":1626307434063,"gmtModify":1703757450701,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144552121","repostId":"2151548988","repostType":4,"repost":{"id":"2151548988","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626292832,"share":"https://ttm.financial/m/news/2151548988?lang=&edition=fundamental","pubTime":"2021-07-15 04:00","market":"us","language":"en","title":"S&P 500 ends higher after Powell lulls market","url":"https://stock-news.laohu8.com/highlight/detail?id=2151548988","media":"Reuters","summary":"Powell says economy 'a ways off' from bond taper.BofA slips as low interest rates hurt lending business.July 14  - The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.Of the 11 S&P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.U.S. monetary policy will offer \"powerful support\" to the econ","content":"<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)</p>\n<ul>\n <li>Powell says economy 'a ways off' from bond taper.</li>\n <li>BofA slips as low interest rates hurt lending business.</li>\n <li>American Airlines up on positive forecast.</li>\n</ul>\n<p>July 14 (Reuters) - The S&amp;P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.</p>\n<p>Of the 11 S&amp;P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.</p>\n<p>U.S. monetary policy will offer \"powerful support\" to the economy \"until the recovery is complete,\" Powell told a congressional hearing in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job growth.</p>\n<p>Powell's comments followed data this week showing U.S. producer prices increased more than expected in June and U.S. consumer prices rose by the most in 13 years.</p>\n<p>Investors in recent weeks have focused on inflation, with many fearing a possible hawkish shift by the Federal Reserve, as well as a spike in coronavirus infections that could knock U.S. equities off record highs.</p>\n<p>With banks kicking off second-quarter earnings season this week, analysts expect 66% growth in earnings per share for S&amp;P 500 companies, according to IBES estimate data from Refinitiv.</p>\n<p>The S&amp;P 500 is up about 16% so far this year, leading many investors to worry that the stock market rally may run out of steam, and they are looking to earnings to potentially provide more fuel.</p>\n<p>\"Everyone knows earnings are going to be very strong. The question is how the market reacts to those earnings, and what are the outlooks given by management. That is more critical than anything,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Apple Inc hit a record high after Bloomberg reported that the company wants suppliers to increase production of its upcoming iPhone by about 20%.</p>\n<p>Microsoft also hit a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.</p>\n<p>Microsoft and Apple supported the S&amp;P 500 more than any other stocks.</p>\n<p>$Bank of America Corp(BAC-N)$ dropped after the lender posted its quarterly results and detailed its sensitivity to low interest rates</p>\n<p>Wells Fargo rose after it swung to a profit in the second quarter, smashing Wall Street expectations. Citigroup</p>\n<p>fell after comfortably beat market estimates for second-quarter profits.</p>\n<p>Those reports followed strong results on Tuesday from JPMorgan Chase &amp; Co and Goldman Sachs Group Inc .</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 0.12% to end at 34,930.34 points, while the S&amp;P 500 gained 0.10% to 4,373.55.</p>\n<p>The Nasdaq Composite dropped 0.26% to 14,639.60.</p>\n<p>American Airlines rallied after it forecast positive cash flow.</p>\n<p>Lululemon Athletica jumped after Goldman Sachs called the yoga pants seller a \"top idea\" as apparel makers benefit from the economic reopening.</p>\n<p>(Reporting by Noel Randewich; Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Cynthia Osterman)</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>S&P 500 ends higher after Powell lulls market</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 ends higher after Powell lulls market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-15 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)</p>\n<ul>\n <li>Powell says economy 'a ways off' from bond taper.</li>\n <li>BofA slips as low interest rates hurt lending business.</li>\n <li>American Airlines up on positive forecast.</li>\n</ul>\n<p>July 14 (Reuters) - The S&amp;P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.</p>\n<p>Of the 11 S&amp;P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.</p>\n<p>U.S. monetary policy will offer \"powerful support\" to the economy \"until the recovery is complete,\" Powell told a congressional hearing in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job growth.</p>\n<p>Powell's comments followed data this week showing U.S. producer prices increased more than expected in June and U.S. consumer prices rose by the most in 13 years.</p>\n<p>Investors in recent weeks have focused on inflation, with many fearing a possible hawkish shift by the Federal Reserve, as well as a spike in coronavirus infections that could knock U.S. equities off record highs.</p>\n<p>With banks kicking off second-quarter earnings season this week, analysts expect 66% growth in earnings per share for S&amp;P 500 companies, according to IBES estimate data from Refinitiv.</p>\n<p>The S&amp;P 500 is up about 16% so far this year, leading many investors to worry that the stock market rally may run out of steam, and they are looking to earnings to potentially provide more fuel.</p>\n<p>\"Everyone knows earnings are going to be very strong. The question is how the market reacts to those earnings, and what are the outlooks given by management. That is more critical than anything,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Apple Inc hit a record high after Bloomberg reported that the company wants suppliers to increase production of its upcoming iPhone by about 20%.</p>\n<p>Microsoft also hit a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.</p>\n<p>Microsoft and Apple supported the S&amp;P 500 more than any other stocks.</p>\n<p>$Bank of America Corp(BAC-N)$ dropped after the lender posted its quarterly results and detailed its sensitivity to low interest rates</p>\n<p>Wells Fargo rose after it swung to a profit in the second quarter, smashing Wall Street expectations. Citigroup</p>\n<p>fell after comfortably beat market estimates for second-quarter profits.</p>\n<p>Those reports followed strong results on Tuesday from JPMorgan Chase &amp; Co and Goldman Sachs Group Inc .</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 0.12% to end at 34,930.34 points, while the S&amp;P 500 gained 0.10% to 4,373.55.</p>\n<p>The Nasdaq Composite dropped 0.26% to 14,639.60.</p>\n<p>American Airlines rallied after it forecast positive cash flow.</p>\n<p>Lululemon Athletica jumped after Goldman Sachs called the yoga pants seller a \"top idea\" as apparel makers benefit from the economic reopening.</p>\n<p>(Reporting by Noel Randewich; Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF","SPY":"标普500ETF","POWL":"Powell Industries","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF",".DJI":"道琼斯","IVV":"标普500指数ETF","OEX":"标普100","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite","SSO":"两倍做多标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151548988","content_text":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)\n\nPowell says economy 'a ways off' from bond taper.\nBofA slips as low interest rates hurt lending business.\nAmerican Airlines up on positive forecast.\n\nJuly 14 (Reuters) - The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.\nOf the 11 S&P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.\nU.S. monetary policy will offer \"powerful support\" to the economy \"until the recovery is complete,\" Powell told a congressional hearing in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job growth.\nPowell's comments followed data this week showing U.S. producer prices increased more than expected in June and U.S. consumer prices rose by the most in 13 years.\nInvestors in recent weeks have focused on inflation, with many fearing a possible hawkish shift by the Federal Reserve, as well as a spike in coronavirus infections that could knock U.S. equities off record highs.\nWith banks kicking off second-quarter earnings season this week, analysts expect 66% growth in earnings per share for S&P 500 companies, according to IBES estimate data from Refinitiv.\nThe S&P 500 is up about 16% so far this year, leading many investors to worry that the stock market rally may run out of steam, and they are looking to earnings to potentially provide more fuel.\n\"Everyone knows earnings are going to be very strong. The question is how the market reacts to those earnings, and what are the outlooks given by management. That is more critical than anything,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.\nApple Inc hit a record high after Bloomberg reported that the company wants suppliers to increase production of its upcoming iPhone by about 20%.\nMicrosoft also hit a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.\nMicrosoft and Apple supported the S&P 500 more than any other stocks.\n$Bank of America Corp(BAC-N)$ dropped after the lender posted its quarterly results and detailed its sensitivity to low interest rates\nWells Fargo rose after it swung to a profit in the second quarter, smashing Wall Street expectations. Citigroup\nfell after comfortably beat market estimates for second-quarter profits.\nThose reports followed strong results on Tuesday from JPMorgan Chase & Co and Goldman Sachs Group Inc .\nUnofficially, the Dow Jones Industrial Average rose 0.12% to end at 34,930.34 points, while the S&P 500 gained 0.10% to 4,373.55.\nThe Nasdaq Composite dropped 0.26% to 14,639.60.\nAmerican Airlines rallied after it forecast positive cash flow.\nLululemon Athletica jumped after Goldman Sachs called the yoga pants seller a \"top idea\" as apparel makers benefit from the economic reopening.\n(Reporting by Noel Randewich; Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":529,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143086871,"gmtCreate":1625752647693,"gmtModify":1703747856952,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>please up","listText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>please up","text":"$Intel(INTC)$please up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143086871","isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126274336,"gmtCreate":1624577448925,"gmtModify":1703840606318,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"I need a T","listText":"I need a T","text":"I need a T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126274336","repostId":"114899451","repostType":1,"repost":{"id":114899451,"gmtCreate":1623063308869,"gmtModify":1704195267674,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"【老虎7週年】集卡瓜分百萬獎金","htmlText":"老虎7週年給大家發福利了，集齊TIGER五個字母即有機會瓜分百萬獎金，你準備好了嗎？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可參與活動</a> &#x1;如何參與？ 用戶可通過完成活動頁面展示的當日任務列表來獲得字母卡，每完成一個任務即可隨機獲得一個字母，用戶集齊“TIGER”五個字母即可參與瓜分百萬股票代金券，每個用戶單日最多可獲得20張字母卡（不包括好友贈予和魔法卡）。 用戶在活動期間邀請累計7名好友完成註冊並開戶（註冊時間和開戶時間均在活動期間），即可獲得一張魔法卡（每人僅可獲得一張魔法卡）。魔法卡可用於兌換TIGER中的任意一個字母。&#x1;如果用戶的某一字母卡數量爲0，則字母卡爲灰色，用戶可通過點擊灰色的字母卡向好友索要卡片；如果用戶的字母卡數量大於0，則字母卡爲彩色，用戶可通過點擊彩色的字母卡向好友贈送卡片。當用戶集齊TIGER之後將無法再索要卡片或者贈送卡片。 &#x1; &#x1;如何獲得獎勵？ 用戶可在2021年7月1日至2021年7月2日期間進行開獎，所有集齊TIGER的客戶可點擊活動頁面的“開獎”按鈕，即可查看自己瓜分到的股票代金券獎勵。在開獎時間段內未點擊開獎的用戶將無法獲得獎勵。&#x1; 獎勵發放： 股票代金券將在開獎後的1個工作日內發放至用戶的獎勵中心，用戶需要在獎勵發放後的20天內前往【Tiger Trade APP &gt; 我的 &gt; 活動獎勵】領取，過期未領取的獎勵將自動失效。 重要提示： 本次7週年活動涉及不同國家和地區，由於各地區的監管要求不同，不同地區的活動獎勵會有所區別。欲知詳情，請點擊下方活動鏈接，登陸您的賬號，並點擊“活動規則“查看詳情。","listText":"老虎7週年給大家發福利了，集齊TIGER五個字母即有機會瓜分百萬獎金，你準備好了嗎？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可參與活動</a> &#x1;如何參與？ 用戶可通過完成活動頁面展示的當日任務列表來獲得字母卡，每完成一個任務即可隨機獲得一個字母，用戶集齊“TIGER”五個字母即可參與瓜分百萬股票代金券，每個用戶單日最多可獲得20張字母卡（不包括好友贈予和魔法卡）。 用戶在活動期間邀請累計7名好友完成註冊並開戶（註冊時間和開戶時間均在活動期間），即可獲得一張魔法卡（每人僅可獲得一張魔法卡）。魔法卡可用於兌換TIGER中的任意一個字母。&#x1;如果用戶的某一字母卡數量爲0，則字母卡爲灰色，用戶可通過點擊灰色的字母卡向好友索要卡片；如果用戶的字母卡數量大於0，則字母卡爲彩色，用戶可通過點擊彩色的字母卡向好友贈送卡片。當用戶集齊TIGER之後將無法再索要卡片或者贈送卡片。 &#x1; &#x1;如何獲得獎勵？ 用戶可在2021年7月1日至2021年7月2日期間進行開獎，所有集齊TIGER的客戶可點擊活動頁面的“開獎”按鈕，即可查看自己瓜分到的股票代金券獎勵。在開獎時間段內未點擊開獎的用戶將無法獲得獎勵。&#x1; 獎勵發放： 股票代金券將在開獎後的1個工作日內發放至用戶的獎勵中心，用戶需要在獎勵發放後的20天內前往【Tiger Trade APP &gt; 我的 &gt; 活動獎勵】領取，過期未領取的獎勵將自動失效。 重要提示： 本次7週年活動涉及不同國家和地區，由於各地區的監管要求不同，不同地區的活動獎勵會有所區別。欲知詳情，請點擊下方活動鏈接，登陸您的賬號，並點擊“活動規則“查看詳情。","text":"老虎7週年給大家發福利了，集齊TIGER五個字母即有機會瓜分百萬獎金，你準備好了嗎？ 戳我即可參與活動 \u0001如何參與？ 用戶可通過完成活動頁面展示的當日任務列表來獲得字母卡，每完成一個任務即可隨機獲得一個字母，用戶集齊“TIGER”五個字母即可參與瓜分百萬股票代金券，每個用戶單日最多可獲得20張字母卡（不包括好友贈予和魔法卡）。 用戶在活動期間邀請累計7名好友完成註冊並開戶（註冊時間和開戶時間均在活動期間），即可獲得一張魔法卡（每人僅可獲得一張魔法卡）。魔法卡可用於兌換TIGER中的任意一個字母。\u0001如果用戶的某一字母卡數量爲0，則字母卡爲灰色，用戶可通過點擊灰色的字母卡向好友索要卡片；如果用戶的字母卡數量大於0，則字母卡爲彩色，用戶可通過點擊彩色的字母卡向好友贈送卡片。當用戶集齊TIGER之後將無法再索要卡片或者贈送卡片。 \u0001 \u0001如何獲得獎勵？ 用戶可在2021年7月1日至2021年7月2日期間進行開獎，所有集齊TIGER的客戶可點擊活動頁面的“開獎”按鈕，即可查看自己瓜分到的股票代金券獎勵。在開獎時間段內未點擊開獎的用戶將無法獲得獎勵。\u0001 獎勵發放： 股票代金券將在開獎後的1個工作日內發放至用戶的獎勵中心，用戶需要在獎勵發放後的20天內前往【Tiger Trade APP > 我的 > 活動獎勵】領取，過期未領取的獎勵將自動失效。 重要提示： 本次7週年活動涉及不同國家和地區，由於各地區的監管要求不同，不同地區的活動獎勵會有所區別。欲知詳情，請點擊下方活動鏈接，登陸您的賬號，並點擊“活動規則“查看詳情。","images":[{"img":"https://static.tigerbbs.com/fd956a9c2fc9ee609753ae5f967072a7","width":"415","height":"616"},{"img":"https://static.tigerbbs.com/92e88357b534f504b3088bc22f577a83","width":"415","height":"326"},{"img":"https://static.tigerbbs.com/fe0400cc487fb56f85d401ab03df4d5e","width":"415","height":"356"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114899451","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105028385,"gmtCreate":1620260446347,"gmtModify":1704340871924,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/105028385","repostId":"2133525535","repostType":4,"repost":{"id":"2133525535","kind":"highlight","pubTimestamp":1620226200,"share":"https://ttm.financial/m/news/2133525535?lang=&edition=fundamental","pubTime":"2021-05-05 22:50","market":"us","language":"en","title":"What JPMorgan's New Fund Means for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=2133525535","media":"Motley Fool","summary":"The newest fund to trade in the popular cryptocurrency is the most surprising one yet.","content":"<p><b>JPMorgan Chase</b>&nbsp;(NYSE:JPM)&nbsp;could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed <b>Bitcoin</b>&nbsp;(CRYPTO:BTC)&nbsp;fund. While reports of the bank's plans and timelines have not been confirmed on the record by JPMorgan, the sources seem to be consistent and credible.</p>\n<p>Here's how JPMorgan is changing its tune on Bitcoin and hopping on the BTC fund bandwagon in a different way -- and why it matters for crypto investors.</p>\n<p><img src=\"https://static.tigerbbs.com/de4e309a22a978f8524b579aba016cb8\" tg-width=\"700\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h2>How it's happening</h2>\n<p>JPMorgan CEO Jamie Dimon has made his disdain for Bitcoin no secret. As recently as 2017, Dimon called Bitcoin a fraud. He even predicted that \"someone is going to get killed\" in its wake. While Dimon still isn't the cryptocurrency's biggest fan, JPMorgan has since started planning a Bitcoin fund for a limited number of its private wealth clients. Client demand for Bitcoin has simply forced JPMorgan into action, just as the bank predicted it would eventually do -- despite its CEO's opinion. </p>\n<p>The big difference between JPMorgan's proposed Bitcoin fund and most other existing (or proposed) Bitcoin funds is active management. This distinction means that JPMorgan will professionally manage the fund for a fee, with the end goal of achieving higher returns than a straight investment in Bitcoin or a passively managed Bitcoin ETF would attain.</p>\n<p>In practice, there is not much evidence that actively managed funds outperform passively managed funds. The best quick illustration of this may be Warren Buffet's big bet against the hedge fund industry -- the famous investor bet a hedge fund manager that an S&amp;P 500 index fund (i.e., a low-fee passively managed ETF) would outperform a portfolio of hedge funds (i.e., high-fee actively managed funds) over a 10-year period. Buffet won the bet. </p>\n<p>Most other Bitcoin funds (including well-known Grayscale Investments' massive Bitcoin fund) behave more like exchange-traded funds (ETFs), meaning that their prices move in direct correlation with the market without fund management intervention. JPMorgan would have to time the market incredibly well to prove that its active management of Bitcoin can outperform its passive market counterparts.</p>\n<h2>When it's happening</h2>\n<p>Grayscale and other newly proposed ETFs from major U.S. banks are caught in a race for SEC approval to be the first American Bitcoin ETF.&nbsp;Canada's recently approved Bitcoin ETF and the involvement of big-name U.S. banks in ETF applications have put pressure on the SEC and raised expectations for approval in the near future.</p>\n<p>So why the rush for a Bitcoin ETF anyway? Simply put, they are easier and more convenient than a direct investment in Bitcoin, especially for investors who are not totally comfortable in a crypto exchange. With a Bitcoin ETF, an individual can invest in the asset through their traditional market exchange without worrying about complex security issues like protecting digital wallet passwords. Unfortunately, early investors in Bitcoin have lost hundreds of millions of dollars in digital wallets with forgotten passwords.</p>\n<p>JPMorgan does not seem to expect any regulatory trouble launching its fund by this summer. Meanwhile, the SEC has delayed any decisions on Bitcoin ETFs until this summer at the earliest, setting any and all Bitcoin ETFs most likely behind JPMorgan's fund in timeline.</p>\n<h2>Why it matters</h2>\n<p>If all goes as planned, JPMorgan's fund will be the first actively managed Bitcoin-specific fund. This is an objectively unprecedented, exciting move in the Bitcoin world; however, whether an actively managed Bitcoin fund will be more cost-efficient than a direct investment or ETF investment is yet to be determined.</p>\n<p>I predict that it will be more cost-efficient for almost all investors to buy Bitcoin directly or through a no-fee ETF and keep an eye on its price fluctuations. While JPMorgan hasn't revealed any fee structure yet, actively managed funds usually involve steep costs (compared to ETFs or direct investments) because the funds manage the buying and selling of several different assets -- not just <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>Active management of Bitcoin, as opposed to active management of an entire portfolio of varied cryptocurrency assets, is a unique and new concept in the crypto market. But this doesn't necessarily mean it will outperform more varied actively managed crypto funds or even Bitcoin itself. Still, the fund's existence will be important for the overall maturity of the crypto market.</p>\n<p>If I were to buy more BTC, I would likely do it before this summer with a plan to hold for the long term, since Bitcoin ETF approvals are likely to make headlines and increase trading volume. The approval of these funds from major banks and the ensuing heightened demand for Bitcoin will likely raise the crypto's price in the long run, spurring further acceptance of Bitcoin as an asset class. With that said, the crypto market is unpredictable and notoriously volatile.&nbsp;As always, only invest an amount that you're willing to lose in risky cryptocurrency assets.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What JPMorgan's New Fund Means for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat JPMorgan's New Fund Means for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 22:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/05/what-jpmorgans-new-fund-means-for-bitcoin/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JPMorgan Chase (NYSE:JPM) could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed Bitcoin (CRYPTO:BTC) fund. While...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/05/what-jpmorgans-new-fund-means-for-bitcoin/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NGD":"New Gold"},"source_url":"https://www.fool.com/investing/2021/05/05/what-jpmorgans-new-fund-means-for-bitcoin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133525535","content_text":"JPMorgan Chase (NYSE:JPM) could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed Bitcoin (CRYPTO:BTC) fund. While reports of the bank's plans and timelines have not been confirmed on the record by JPMorgan, the sources seem to be consistent and credible.\nHere's how JPMorgan is changing its tune on Bitcoin and hopping on the BTC fund bandwagon in a different way -- and why it matters for crypto investors.\n\nImage source: Getty Images.\nHow it's happening\nJPMorgan CEO Jamie Dimon has made his disdain for Bitcoin no secret. As recently as 2017, Dimon called Bitcoin a fraud. He even predicted that \"someone is going to get killed\" in its wake. While Dimon still isn't the cryptocurrency's biggest fan, JPMorgan has since started planning a Bitcoin fund for a limited number of its private wealth clients. Client demand for Bitcoin has simply forced JPMorgan into action, just as the bank predicted it would eventually do -- despite its CEO's opinion. \nThe big difference between JPMorgan's proposed Bitcoin fund and most other existing (or proposed) Bitcoin funds is active management. This distinction means that JPMorgan will professionally manage the fund for a fee, with the end goal of achieving higher returns than a straight investment in Bitcoin or a passively managed Bitcoin ETF would attain.\nIn practice, there is not much evidence that actively managed funds outperform passively managed funds. The best quick illustration of this may be Warren Buffet's big bet against the hedge fund industry -- the famous investor bet a hedge fund manager that an S&P 500 index fund (i.e., a low-fee passively managed ETF) would outperform a portfolio of hedge funds (i.e., high-fee actively managed funds) over a 10-year period. Buffet won the bet. \nMost other Bitcoin funds (including well-known Grayscale Investments' massive Bitcoin fund) behave more like exchange-traded funds (ETFs), meaning that their prices move in direct correlation with the market without fund management intervention. JPMorgan would have to time the market incredibly well to prove that its active management of Bitcoin can outperform its passive market counterparts.\nWhen it's happening\nGrayscale and other newly proposed ETFs from major U.S. banks are caught in a race for SEC approval to be the first American Bitcoin ETF. Canada's recently approved Bitcoin ETF and the involvement of big-name U.S. banks in ETF applications have put pressure on the SEC and raised expectations for approval in the near future.\nSo why the rush for a Bitcoin ETF anyway? Simply put, they are easier and more convenient than a direct investment in Bitcoin, especially for investors who are not totally comfortable in a crypto exchange. With a Bitcoin ETF, an individual can invest in the asset through their traditional market exchange without worrying about complex security issues like protecting digital wallet passwords. Unfortunately, early investors in Bitcoin have lost hundreds of millions of dollars in digital wallets with forgotten passwords.\nJPMorgan does not seem to expect any regulatory trouble launching its fund by this summer. Meanwhile, the SEC has delayed any decisions on Bitcoin ETFs until this summer at the earliest, setting any and all Bitcoin ETFs most likely behind JPMorgan's fund in timeline.\nWhy it matters\nIf all goes as planned, JPMorgan's fund will be the first actively managed Bitcoin-specific fund. This is an objectively unprecedented, exciting move in the Bitcoin world; however, whether an actively managed Bitcoin fund will be more cost-efficient than a direct investment or ETF investment is yet to be determined.\nI predict that it will be more cost-efficient for almost all investors to buy Bitcoin directly or through a no-fee ETF and keep an eye on its price fluctuations. While JPMorgan hasn't revealed any fee structure yet, actively managed funds usually involve steep costs (compared to ETFs or direct investments) because the funds manage the buying and selling of several different assets -- not just one.\nActive management of Bitcoin, as opposed to active management of an entire portfolio of varied cryptocurrency assets, is a unique and new concept in the crypto market. But this doesn't necessarily mean it will outperform more varied actively managed crypto funds or even Bitcoin itself. Still, the fund's existence will be important for the overall maturity of the crypto market.\nIf I were to buy more BTC, I would likely do it before this summer with a plan to hold for the long term, since Bitcoin ETF approvals are likely to make headlines and increase trading volume. The approval of these funds from major banks and the ensuing heightened demand for Bitcoin will likely raise the crypto's price in the long run, spurring further acceptance of Bitcoin as an asset class. With that said, the crypto market is unpredictable and notoriously volatile. As always, only invest an amount that you're willing to lose in risky cryptocurrency assets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1017,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582718916471703","authorId":"3582718916471703","name":"CelineDang","avatar":"https://static.tigerbbs.com/8e51a48e7e0c121663678b012d37acb6","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582718916471703","authorIdStr":"3582718916471703"},"content":"reply comment please","text":"reply comment please","html":"reply comment please"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109239090,"gmtCreate":1619698215510,"gmtModify":1704728176662,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"[Cool]&nbsp;[Cool]&nbsp;","listText":"[Cool]&nbsp;[Cool]&nbsp;","text":"[Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109239090","repostId":"1198510299","repostType":2,"repost":{"id":"1198510299","kind":"news","pubTimestamp":1619686706,"share":"https://ttm.financial/m/news/1198510299?lang=&edition=fundamental","pubTime":"2021-04-29 16:58","market":"us","language":"en","title":"Apple's Earnings Smasher: No Room For Bearishness","url":"https://stock-news.laohu8.com/highlight/detail?id=1198510299","media":"seekingalpha","summary":"Apple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.The earnings smasher was further enabled by easy comps and lingering stay-at-home tailwinds.Apple is approaching all-time highs. But, due to substantially higher 2021 projected EPS, I estimate that P/E has dipped to pre-pandemic levels.iPhone growth of 66%, supported primarily by the strong performance of the Pro and Pro Max models;iPad growth of 79%, which compares favorably to Microsof","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.</li>\n <li>The earnings smasher was further enabled by easy comps and lingering stay-at-home tailwinds.</li>\n <li>Apple is approaching all-time highs. But, due to substantially higher 2021 projected EPS, I estimate that P/E has dipped to pre-pandemic levels.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92d2bfb46715d165b9ab77302c6961b7\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Drew Angerer/Getty Images News via Getty Images</span></p>\n<p>In&nbsp;my earnings preview, I sounded skeptical that Apple (AAPL) could see its stock climb solely on the back of above consensus fiscal second quarter results. In my view, the bar was set high enough. Bullishness would most likely be triggered, if at all, by (1) reinstatement of guidance and/or (2) lavish cash return to shareholders, in the form of higher dividends or share repurchases.</p>\n<p>Yes, Apple provided partial guidance for fiscal third quarter, and both the dividend and buyback programs were boosted. But what impressed the most, in my opinion, was the extent of&nbsp;Apple's Q2 beat.</p>\n<p>The company's performance bordered \"unbelievable,\" as Morgan Stanley's analyst pointed out during the conference call. With a historic earnings smasher, Apple made sure to leave no room for post-earnings bearishness.</p>\n<p><b>Earnings crusher</b></p>\n<p>Analyzing Apple's results was relatively easy this time. Virtually all metrics climbed substantially YOY – from total company and per-segment revenues to margins, earnings and cash flow. There was virtually no bad news to speak of.</p>\n<p>Below are the highlights of Apple's results, delivered on April 28. To the best of my knowledge, none of the figures below are typos, as much as they might seem to be.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8ca500cb00a59b1562e20ea213f11050\" tg-width=\"595\" tg-height=\"189\"><span>Source: DM Martins Research, data from company report</span></p>\n<ul>\n <li><b>iPhone</b>&nbsp;growth of 66%, supported primarily by the strong performance of the Pro and Pro Max models;</li>\n <li><b>iPad</b>&nbsp;growth of 79%, which compares favorably to Microsoft's (MSFT) 12% increase in Surface revenues and the broad industry's&nbsp;projected&nbsp;double-digit decline in tablet unit sales in first calendar quarter;</li>\n <li><b>Mac</b>&nbsp;growth of 70%, a result of (1) a strong lineup of M1-equipped devices and (2) stay-at-home trends still playing a crucial role in global markets, particularly Europe;</li>\n <li><b>Services</b>&nbsp;growth of 27% that, contrary to popular belief, accelerated compared to pre-pandemic levels;</li>\n <li><b>Greater China</b>&nbsp;growth of 87%, due in part to the country being ahead in the COVID-19 cycle, definitely turning this market from a 2015-2020 loser into a winner over the past six months;</li>\n <li><b>Gross margin</b>&nbsp;expansion of over four percentage points due to cost savings and favorable mix;</li>\n <li><b>Op margin</b>&nbsp;expansion of more than eight percentage points due to gross margin increase and gains of scale.</li>\n</ul>\n<p>To be fair, a few one-off factors may have helped to turn an otherwise strong second quarter into a record-shattering one. The odd timing in the launch of the iPhone 12 in 2020 created a revenue gap in the holiday period that is still being smoothed out today. Also, COVID-19 has lasted longer than some may have wished in parts of the world, extending the stay-at-home tailwinds.</p>\n<p><b>Stock is cheap again</b></p>\n<p>With impressive results under the belt, Apple climbed modestly after the closing bell. Between the regular and after-hours trading sessions, the stock gained about 1.5%, pushing shares closer to their all-time high of $143.</p>\n<p>Despite the small earnings day gains, Apple exits this season a more affordable stock. The math is fairly simple:</p>\n<ol>\n <li>The monstrous 42-cent Q2 EPS beat alone should push fiscal 2021 consensus higher, to $4.87;</li>\n <li>Guidance for Q3 was incomplete, but I conservatively estimate that it points at another 20-cent gap to consensus, at least. Both quarters combined add up to new fiscal 2021 EPS expectations of about $5.10.</li>\n</ol>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e4cd98b9d528f253ba92a277e6dab5f\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>Apple's after-hours share price of $136 divided by a conservative $5.10 in fiscal 2021 EPS suggests a current-year P/E of only 26.8x. This is roughly in line with AAPL's pre-pandemic valuation multiple, and lower than those of tech peers whose stocks are sometimes considered \"value,\" like Facebook (FB) and Alphabet (GOOG)(NASDAQ:GOOGL). See chart above.</p>\n<p>Just like that, following a killer earnings report, Apple stock starts to look cheap once again – despite shares having climbed about 90% in the past 12 months alone.</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>Apple's Earnings Smasher: No Room For Bearishness</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's Earnings Smasher: No Room For Bearishness\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 16:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4422326-apple-earnings-smasher-no-room-for-bearishness-aapl><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.\nThe earnings smasher was further enabled by easy comps and lingering stay-at-...</p>\n\n<a href=\"https://seekingalpha.com/article/4422326-apple-earnings-smasher-no-room-for-bearishness-aapl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4422326-apple-earnings-smasher-no-room-for-bearishness-aapl","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1198510299","content_text":"Summary\n\nApple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.\nThe earnings smasher was further enabled by easy comps and lingering stay-at-home tailwinds.\nApple is approaching all-time highs. But, due to substantially higher 2021 projected EPS, I estimate that P/E has dipped to pre-pandemic levels.\n\nPhoto by Drew Angerer/Getty Images News via Getty Images\nIn my earnings preview, I sounded skeptical that Apple (AAPL) could see its stock climb solely on the back of above consensus fiscal second quarter results. In my view, the bar was set high enough. Bullishness would most likely be triggered, if at all, by (1) reinstatement of guidance and/or (2) lavish cash return to shareholders, in the form of higher dividends or share repurchases.\nYes, Apple provided partial guidance for fiscal third quarter, and both the dividend and buyback programs were boosted. But what impressed the most, in my opinion, was the extent of Apple's Q2 beat.\nThe company's performance bordered \"unbelievable,\" as Morgan Stanley's analyst pointed out during the conference call. With a historic earnings smasher, Apple made sure to leave no room for post-earnings bearishness.\nEarnings crusher\nAnalyzing Apple's results was relatively easy this time. Virtually all metrics climbed substantially YOY – from total company and per-segment revenues to margins, earnings and cash flow. There was virtually no bad news to speak of.\nBelow are the highlights of Apple's results, delivered on April 28. To the best of my knowledge, none of the figures below are typos, as much as they might seem to be.\nSource: DM Martins Research, data from company report\n\niPhone growth of 66%, supported primarily by the strong performance of the Pro and Pro Max models;\niPad growth of 79%, which compares favorably to Microsoft's (MSFT) 12% increase in Surface revenues and the broad industry's projected double-digit decline in tablet unit sales in first calendar quarter;\nMac growth of 70%, a result of (1) a strong lineup of M1-equipped devices and (2) stay-at-home trends still playing a crucial role in global markets, particularly Europe;\nServices growth of 27% that, contrary to popular belief, accelerated compared to pre-pandemic levels;\nGreater China growth of 87%, due in part to the country being ahead in the COVID-19 cycle, definitely turning this market from a 2015-2020 loser into a winner over the past six months;\nGross margin expansion of over four percentage points due to cost savings and favorable mix;\nOp margin expansion of more than eight percentage points due to gross margin increase and gains of scale.\n\nTo be fair, a few one-off factors may have helped to turn an otherwise strong second quarter into a record-shattering one. The odd timing in the launch of the iPhone 12 in 2020 created a revenue gap in the holiday period that is still being smoothed out today. Also, COVID-19 has lasted longer than some may have wished in parts of the world, extending the stay-at-home tailwinds.\nStock is cheap again\nWith impressive results under the belt, Apple climbed modestly after the closing bell. Between the regular and after-hours trading sessions, the stock gained about 1.5%, pushing shares closer to their all-time high of $143.\nDespite the small earnings day gains, Apple exits this season a more affordable stock. The math is fairly simple:\n\nThe monstrous 42-cent Q2 EPS beat alone should push fiscal 2021 consensus higher, to $4.87;\nGuidance for Q3 was incomplete, but I conservatively estimate that it points at another 20-cent gap to consensus, at least. Both quarters combined add up to new fiscal 2021 EPS expectations of about $5.10.\n\nData by YCharts\nApple's after-hours share price of $136 divided by a conservative $5.10 in fiscal 2021 EPS suggests a current-year P/E of only 26.8x. This is roughly in line with AAPL's pre-pandemic valuation multiple, and lower than those of tech peers whose stocks are sometimes considered \"value,\" like Facebook (FB) and Alphabet (GOOG)(NASDAQ:GOOGL). See chart above.\nJust like that, following a killer earnings report, Apple stock starts to look cheap once again – despite shares having climbed about 90% in the past 12 months alone.","news_type":1},"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377399516,"gmtCreate":1619494206235,"gmtModify":1704724885288,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>up up up&nbsp;","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>up up up&nbsp;","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377399516","isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341957402,"gmtCreate":1617774762206,"gmtModify":1704702964393,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>why I cannotbuy ?&nbsp;","listText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>why I cannotbuy ?&nbsp;","text":"$SEMBCORP MARINE LTD(S51.SI)$why I cannotbuy ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341957402","isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":144552121,"gmtCreate":1626307434063,"gmtModify":1703757450701,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144552121","repostId":"2151548988","repostType":4,"repost":{"id":"2151548988","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626292832,"share":"https://ttm.financial/m/news/2151548988?lang=&edition=fundamental","pubTime":"2021-07-15 04:00","market":"us","language":"en","title":"S&P 500 ends higher after Powell lulls market","url":"https://stock-news.laohu8.com/highlight/detail?id=2151548988","media":"Reuters","summary":"Powell says economy 'a ways off' from bond taper.BofA slips as low interest rates hurt lending business.July 14  - The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.Of the 11 S&P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.U.S. monetary policy will offer \"powerful support\" to the econ","content":"<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)</p>\n<ul>\n <li>Powell says economy 'a ways off' from bond taper.</li>\n <li>BofA slips as low interest rates hurt lending business.</li>\n <li>American Airlines up on positive forecast.</li>\n</ul>\n<p>July 14 (Reuters) - The S&amp;P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.</p>\n<p>Of the 11 S&amp;P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.</p>\n<p>U.S. monetary policy will offer \"powerful support\" to the economy \"until the recovery is complete,\" Powell told a congressional hearing in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job growth.</p>\n<p>Powell's comments followed data this week showing U.S. producer prices increased more than expected in June and U.S. consumer prices rose by the most in 13 years.</p>\n<p>Investors in recent weeks have focused on inflation, with many fearing a possible hawkish shift by the Federal Reserve, as well as a spike in coronavirus infections that could knock U.S. equities off record highs.</p>\n<p>With banks kicking off second-quarter earnings season this week, analysts expect 66% growth in earnings per share for S&amp;P 500 companies, according to IBES estimate data from Refinitiv.</p>\n<p>The S&amp;P 500 is up about 16% so far this year, leading many investors to worry that the stock market rally may run out of steam, and they are looking to earnings to potentially provide more fuel.</p>\n<p>\"Everyone knows earnings are going to be very strong. The question is how the market reacts to those earnings, and what are the outlooks given by management. That is more critical than anything,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Apple Inc hit a record high after Bloomberg reported that the company wants suppliers to increase production of its upcoming iPhone by about 20%.</p>\n<p>Microsoft also hit a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.</p>\n<p>Microsoft and Apple supported the S&amp;P 500 more than any other stocks.</p>\n<p>$Bank of America Corp(BAC-N)$ dropped after the lender posted its quarterly results and detailed its sensitivity to low interest rates</p>\n<p>Wells Fargo rose after it swung to a profit in the second quarter, smashing Wall Street expectations. Citigroup</p>\n<p>fell after comfortably beat market estimates for second-quarter profits.</p>\n<p>Those reports followed strong results on Tuesday from JPMorgan Chase &amp; Co and Goldman Sachs Group Inc .</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 0.12% to end at 34,930.34 points, while the S&amp;P 500 gained 0.10% to 4,373.55.</p>\n<p>The Nasdaq Composite dropped 0.26% to 14,639.60.</p>\n<p>American Airlines rallied after it forecast positive cash flow.</p>\n<p>Lululemon Athletica jumped after Goldman Sachs called the yoga pants seller a \"top idea\" as apparel makers benefit from the economic reopening.</p>\n<p>(Reporting by Noel Randewich; Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Cynthia Osterman)</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>S&P 500 ends higher after Powell lulls market</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 ends higher after Powell lulls market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-15 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)</p>\n<ul>\n <li>Powell says economy 'a ways off' from bond taper.</li>\n <li>BofA slips as low interest rates hurt lending business.</li>\n <li>American Airlines up on positive forecast.</li>\n</ul>\n<p>July 14 (Reuters) - The S&amp;P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.</p>\n<p>Of the 11 S&amp;P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.</p>\n<p>U.S. monetary policy will offer \"powerful support\" to the economy \"until the recovery is complete,\" Powell told a congressional hearing in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job growth.</p>\n<p>Powell's comments followed data this week showing U.S. producer prices increased more than expected in June and U.S. consumer prices rose by the most in 13 years.</p>\n<p>Investors in recent weeks have focused on inflation, with many fearing a possible hawkish shift by the Federal Reserve, as well as a spike in coronavirus infections that could knock U.S. equities off record highs.</p>\n<p>With banks kicking off second-quarter earnings season this week, analysts expect 66% growth in earnings per share for S&amp;P 500 companies, according to IBES estimate data from Refinitiv.</p>\n<p>The S&amp;P 500 is up about 16% so far this year, leading many investors to worry that the stock market rally may run out of steam, and they are looking to earnings to potentially provide more fuel.</p>\n<p>\"Everyone knows earnings are going to be very strong. The question is how the market reacts to those earnings, and what are the outlooks given by management. That is more critical than anything,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Apple Inc hit a record high after Bloomberg reported that the company wants suppliers to increase production of its upcoming iPhone by about 20%.</p>\n<p>Microsoft also hit a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.</p>\n<p>Microsoft and Apple supported the S&amp;P 500 more than any other stocks.</p>\n<p>$Bank of America Corp(BAC-N)$ dropped after the lender posted its quarterly results and detailed its sensitivity to low interest rates</p>\n<p>Wells Fargo rose after it swung to a profit in the second quarter, smashing Wall Street expectations. Citigroup</p>\n<p>fell after comfortably beat market estimates for second-quarter profits.</p>\n<p>Those reports followed strong results on Tuesday from JPMorgan Chase &amp; Co and Goldman Sachs Group Inc .</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 0.12% to end at 34,930.34 points, while the S&amp;P 500 gained 0.10% to 4,373.55.</p>\n<p>The Nasdaq Composite dropped 0.26% to 14,639.60.</p>\n<p>American Airlines rallied after it forecast positive cash flow.</p>\n<p>Lululemon Athletica jumped after Goldman Sachs called the yoga pants seller a \"top idea\" as apparel makers benefit from the economic reopening.</p>\n<p>(Reporting by Noel Randewich; Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF","SPY":"标普500ETF","POWL":"Powell Industries","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF",".DJI":"道琼斯","IVV":"标普500指数ETF","OEX":"标普100","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite","SSO":"两倍做多标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151548988","content_text":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)\n\nPowell says economy 'a ways off' from bond taper.\nBofA slips as low interest rates hurt lending business.\nAmerican Airlines up on positive forecast.\n\nJuly 14 (Reuters) - The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.\nOf the 11 S&P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.\nU.S. monetary policy will offer \"powerful support\" to the economy \"until the recovery is complete,\" Powell told a congressional hearing in remarks that portrayed a recent jump in inflation as temporary and focused on the need for continued job growth.\nPowell's comments followed data this week showing U.S. producer prices increased more than expected in June and U.S. consumer prices rose by the most in 13 years.\nInvestors in recent weeks have focused on inflation, with many fearing a possible hawkish shift by the Federal Reserve, as well as a spike in coronavirus infections that could knock U.S. equities off record highs.\nWith banks kicking off second-quarter earnings season this week, analysts expect 66% growth in earnings per share for S&P 500 companies, according to IBES estimate data from Refinitiv.\nThe S&P 500 is up about 16% so far this year, leading many investors to worry that the stock market rally may run out of steam, and they are looking to earnings to potentially provide more fuel.\n\"Everyone knows earnings are going to be very strong. The question is how the market reacts to those earnings, and what are the outlooks given by management. That is more critical than anything,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.\nApple Inc hit a record high after Bloomberg reported that the company wants suppliers to increase production of its upcoming iPhone by about 20%.\nMicrosoft also hit a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.\nMicrosoft and Apple supported the S&P 500 more than any other stocks.\n$Bank of America Corp(BAC-N)$ dropped after the lender posted its quarterly results and detailed its sensitivity to low interest rates\nWells Fargo rose after it swung to a profit in the second quarter, smashing Wall Street expectations. Citigroup\nfell after comfortably beat market estimates for second-quarter profits.\nThose reports followed strong results on Tuesday from JPMorgan Chase & Co and Goldman Sachs Group Inc .\nUnofficially, the Dow Jones Industrial Average rose 0.12% to end at 34,930.34 points, while the S&P 500 gained 0.10% to 4,373.55.\nThe Nasdaq Composite dropped 0.26% to 14,639.60.\nAmerican Airlines rallied after it forecast positive cash flow.\nLululemon Athletica jumped after Goldman Sachs called the yoga pants seller a \"top idea\" as apparel makers benefit from the economic reopening.\n(Reporting by Noel Randewich; Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":529,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105028385,"gmtCreate":1620260446347,"gmtModify":1704340871924,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/105028385","repostId":"2133525535","repostType":4,"repost":{"id":"2133525535","kind":"highlight","pubTimestamp":1620226200,"share":"https://ttm.financial/m/news/2133525535?lang=&edition=fundamental","pubTime":"2021-05-05 22:50","market":"us","language":"en","title":"What JPMorgan's New Fund Means for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=2133525535","media":"Motley Fool","summary":"The newest fund to trade in the popular cryptocurrency is the most surprising one yet.","content":"<p><b>JPMorgan Chase</b>&nbsp;(NYSE:JPM)&nbsp;could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed <b>Bitcoin</b>&nbsp;(CRYPTO:BTC)&nbsp;fund. While reports of the bank's plans and timelines have not been confirmed on the record by JPMorgan, the sources seem to be consistent and credible.</p>\n<p>Here's how JPMorgan is changing its tune on Bitcoin and hopping on the BTC fund bandwagon in a different way -- and why it matters for crypto investors.</p>\n<p><img src=\"https://static.tigerbbs.com/de4e309a22a978f8524b579aba016cb8\" tg-width=\"700\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h2>How it's happening</h2>\n<p>JPMorgan CEO Jamie Dimon has made his disdain for Bitcoin no secret. As recently as 2017, Dimon called Bitcoin a fraud. He even predicted that \"someone is going to get killed\" in its wake. While Dimon still isn't the cryptocurrency's biggest fan, JPMorgan has since started planning a Bitcoin fund for a limited number of its private wealth clients. Client demand for Bitcoin has simply forced JPMorgan into action, just as the bank predicted it would eventually do -- despite its CEO's opinion. </p>\n<p>The big difference between JPMorgan's proposed Bitcoin fund and most other existing (or proposed) Bitcoin funds is active management. This distinction means that JPMorgan will professionally manage the fund for a fee, with the end goal of achieving higher returns than a straight investment in Bitcoin or a passively managed Bitcoin ETF would attain.</p>\n<p>In practice, there is not much evidence that actively managed funds outperform passively managed funds. The best quick illustration of this may be Warren Buffet's big bet against the hedge fund industry -- the famous investor bet a hedge fund manager that an S&amp;P 500 index fund (i.e., a low-fee passively managed ETF) would outperform a portfolio of hedge funds (i.e., high-fee actively managed funds) over a 10-year period. Buffet won the bet. </p>\n<p>Most other Bitcoin funds (including well-known Grayscale Investments' massive Bitcoin fund) behave more like exchange-traded funds (ETFs), meaning that their prices move in direct correlation with the market without fund management intervention. JPMorgan would have to time the market incredibly well to prove that its active management of Bitcoin can outperform its passive market counterparts.</p>\n<h2>When it's happening</h2>\n<p>Grayscale and other newly proposed ETFs from major U.S. banks are caught in a race for SEC approval to be the first American Bitcoin ETF.&nbsp;Canada's recently approved Bitcoin ETF and the involvement of big-name U.S. banks in ETF applications have put pressure on the SEC and raised expectations for approval in the near future.</p>\n<p>So why the rush for a Bitcoin ETF anyway? Simply put, they are easier and more convenient than a direct investment in Bitcoin, especially for investors who are not totally comfortable in a crypto exchange. With a Bitcoin ETF, an individual can invest in the asset through their traditional market exchange without worrying about complex security issues like protecting digital wallet passwords. Unfortunately, early investors in Bitcoin have lost hundreds of millions of dollars in digital wallets with forgotten passwords.</p>\n<p>JPMorgan does not seem to expect any regulatory trouble launching its fund by this summer. Meanwhile, the SEC has delayed any decisions on Bitcoin ETFs until this summer at the earliest, setting any and all Bitcoin ETFs most likely behind JPMorgan's fund in timeline.</p>\n<h2>Why it matters</h2>\n<p>If all goes as planned, JPMorgan's fund will be the first actively managed Bitcoin-specific fund. This is an objectively unprecedented, exciting move in the Bitcoin world; however, whether an actively managed Bitcoin fund will be more cost-efficient than a direct investment or ETF investment is yet to be determined.</p>\n<p>I predict that it will be more cost-efficient for almost all investors to buy Bitcoin directly or through a no-fee ETF and keep an eye on its price fluctuations. While JPMorgan hasn't revealed any fee structure yet, actively managed funds usually involve steep costs (compared to ETFs or direct investments) because the funds manage the buying and selling of several different assets -- not just <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>Active management of Bitcoin, as opposed to active management of an entire portfolio of varied cryptocurrency assets, is a unique and new concept in the crypto market. But this doesn't necessarily mean it will outperform more varied actively managed crypto funds or even Bitcoin itself. Still, the fund's existence will be important for the overall maturity of the crypto market.</p>\n<p>If I were to buy more BTC, I would likely do it before this summer with a plan to hold for the long term, since Bitcoin ETF approvals are likely to make headlines and increase trading volume. The approval of these funds from major banks and the ensuing heightened demand for Bitcoin will likely raise the crypto's price in the long run, spurring further acceptance of Bitcoin as an asset class. With that said, the crypto market is unpredictable and notoriously volatile.&nbsp;As always, only invest an amount that you're willing to lose in risky cryptocurrency assets.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What JPMorgan's New Fund Means for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat JPMorgan's New Fund Means for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 22:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/05/what-jpmorgans-new-fund-means-for-bitcoin/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JPMorgan Chase (NYSE:JPM) could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed Bitcoin (CRYPTO:BTC) fund. While...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/05/what-jpmorgans-new-fund-means-for-bitcoin/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NGD":"New Gold"},"source_url":"https://www.fool.com/investing/2021/05/05/what-jpmorgans-new-fund-means-for-bitcoin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133525535","content_text":"JPMorgan Chase (NYSE:JPM) could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed Bitcoin (CRYPTO:BTC) fund. While reports of the bank's plans and timelines have not been confirmed on the record by JPMorgan, the sources seem to be consistent and credible.\nHere's how JPMorgan is changing its tune on Bitcoin and hopping on the BTC fund bandwagon in a different way -- and why it matters for crypto investors.\n\nImage source: Getty Images.\nHow it's happening\nJPMorgan CEO Jamie Dimon has made his disdain for Bitcoin no secret. As recently as 2017, Dimon called Bitcoin a fraud. He even predicted that \"someone is going to get killed\" in its wake. While Dimon still isn't the cryptocurrency's biggest fan, JPMorgan has since started planning a Bitcoin fund for a limited number of its private wealth clients. Client demand for Bitcoin has simply forced JPMorgan into action, just as the bank predicted it would eventually do -- despite its CEO's opinion. \nThe big difference between JPMorgan's proposed Bitcoin fund and most other existing (or proposed) Bitcoin funds is active management. This distinction means that JPMorgan will professionally manage the fund for a fee, with the end goal of achieving higher returns than a straight investment in Bitcoin or a passively managed Bitcoin ETF would attain.\nIn practice, there is not much evidence that actively managed funds outperform passively managed funds. The best quick illustration of this may be Warren Buffet's big bet against the hedge fund industry -- the famous investor bet a hedge fund manager that an S&P 500 index fund (i.e., a low-fee passively managed ETF) would outperform a portfolio of hedge funds (i.e., high-fee actively managed funds) over a 10-year period. Buffet won the bet. \nMost other Bitcoin funds (including well-known Grayscale Investments' massive Bitcoin fund) behave more like exchange-traded funds (ETFs), meaning that their prices move in direct correlation with the market without fund management intervention. JPMorgan would have to time the market incredibly well to prove that its active management of Bitcoin can outperform its passive market counterparts.\nWhen it's happening\nGrayscale and other newly proposed ETFs from major U.S. banks are caught in a race for SEC approval to be the first American Bitcoin ETF. Canada's recently approved Bitcoin ETF and the involvement of big-name U.S. banks in ETF applications have put pressure on the SEC and raised expectations for approval in the near future.\nSo why the rush for a Bitcoin ETF anyway? Simply put, they are easier and more convenient than a direct investment in Bitcoin, especially for investors who are not totally comfortable in a crypto exchange. With a Bitcoin ETF, an individual can invest in the asset through their traditional market exchange without worrying about complex security issues like protecting digital wallet passwords. Unfortunately, early investors in Bitcoin have lost hundreds of millions of dollars in digital wallets with forgotten passwords.\nJPMorgan does not seem to expect any regulatory trouble launching its fund by this summer. Meanwhile, the SEC has delayed any decisions on Bitcoin ETFs until this summer at the earliest, setting any and all Bitcoin ETFs most likely behind JPMorgan's fund in timeline.\nWhy it matters\nIf all goes as planned, JPMorgan's fund will be the first actively managed Bitcoin-specific fund. This is an objectively unprecedented, exciting move in the Bitcoin world; however, whether an actively managed Bitcoin fund will be more cost-efficient than a direct investment or ETF investment is yet to be determined.\nI predict that it will be more cost-efficient for almost all investors to buy Bitcoin directly or through a no-fee ETF and keep an eye on its price fluctuations. While JPMorgan hasn't revealed any fee structure yet, actively managed funds usually involve steep costs (compared to ETFs or direct investments) because the funds manage the buying and selling of several different assets -- not just one.\nActive management of Bitcoin, as opposed to active management of an entire portfolio of varied cryptocurrency assets, is a unique and new concept in the crypto market. But this doesn't necessarily mean it will outperform more varied actively managed crypto funds or even Bitcoin itself. Still, the fund's existence will be important for the overall maturity of the crypto market.\nIf I were to buy more BTC, I would likely do it before this summer with a plan to hold for the long term, since Bitcoin ETF approvals are likely to make headlines and increase trading volume. The approval of these funds from major banks and the ensuing heightened demand for Bitcoin will likely raise the crypto's price in the long run, spurring further acceptance of Bitcoin as an asset class. With that said, the crypto market is unpredictable and notoriously volatile. As always, only invest an amount that you're willing to lose in risky cryptocurrency assets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1017,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582718916471703","authorId":"3582718916471703","name":"CelineDang","avatar":"https://static.tigerbbs.com/8e51a48e7e0c121663678b012d37acb6","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582718916471703","authorIdStr":"3582718916471703"},"content":"reply comment please","text":"reply comment please","html":"reply comment please"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801648760,"gmtCreate":1627516450350,"gmtModify":1703491379774,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"Good to buy?","listText":"Good to buy?","text":"Good to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801648760","repostId":"2155976821","repostType":4,"repost":{"id":"2155976821","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1627515300,"share":"https://ttm.financial/m/news/2155976821?lang=&edition=fundamental","pubTime":"2021-07-29 07:35","market":"us","language":"en","title":"PayPal stock slips as earnings beat expectations but outlook comes up short","url":"https://stock-news.laohu8.com/highlight/detail?id=2155976821","media":"Dow Jones","summary":"Company points to headwinds from eBay's migration to its own payments experience\nPayPal Holdings Inc","content":"<p>Company points to headwinds from eBay's migration to its own payments experience</p>\n<p>PayPal Holdings Inc. topped profit expectations for its latest quarter, but it delivered a lower-than-expected outlook for the current quarter as eBay's transition to managing its own payments experience is happening more quickly than expected.</p>\n<p>While PayPal (PYPL) was the main payments partner for eBay <a href=\"https://laohu8.com/S/EBAY\">$(EBAY)$</a> in the initial years following the separation of the two companies, eBay is now in the midst of taking over the payments experience on its own site . PayPal expects that the eBay transition will be a headwind in 2021, according to its investor presentation, but Chief Executive Dan Schulman told MarketWatch that eBay's more rapid migration will give PayPal a \"clean slate\" heading into 2022.</p>\n<p>Shares were off 5.7% in after-hours trading.</p>\n<p>The company posted second-quarter net income of $1.18 billion, or $1.00 a share, down from $1.53 billion, or $1.29 a share, a year earlier. After adjustments, PayPal earned $1.15 a share, up from $1.07 a share a year prior and above the FactSet consensus, which called for $1.12 a share.</p>\n<p>PayPal's revenue for the second quarter climbed to $6.24 billion from $5.26 billion, while analysts tracked by FactSet had been expecting $6.27 billion.</p>\n<p>The company's total payment volume, or the value of payments flowing through its platform, came in at $311 billion, up from $221.7 billion a year earlier. Analysts were projecting $295.2 billion in TPV.</p>\n<p>Venmo's total payment volume came in at $58 billion, while Venmo's revenue was up 70%, making for the highest growth rate in the past year. Revenue from Pay With Venmo, which lets people use their Venmo accounts for purchases, was up 183%.</p>\n<p>\"It's clear there's been a shift in shopping behavior,\" Schulman told MarketWatch, as PayPal continues to see strong traction in e-commerce and other digital avenues.</p>\n<p>For the third quarter, PayPal expects revenue of $6.15 billion to $6.25 billion, which includes a $465 million negative impact from the eBay migration. The eBay move is creating about 700 basis points of pressure on PayPal's revenue line, Schulman said, roughly 100 basis points more than expected.</p>\n<p>The company anticipates adjusted earnings per share of $1.07, with that number also expected to be impacted by eBay dynamics.</p>\n<p>Analysts were expecting third-quarter revenue of $6.44 billion and adjusted earnings per share of $1.14.</p>\n<p>\"If there is a sign that the COVID honeymoon may be over, PayPal's 2Q results and likely poor stock reaction are a good example,\" Mizuho analyst Dan Dolev wrote in a note to clients. \"Investors pampered by phenomenal beat-and-raise quarters during COVID may find 'just meeting' revenue guide, not raising EPS despite lower taxes, and slower Venmo growth as somewhat unappetizing.\" (Venmo's TPV slowed sequentially relative to the first quarter.)</p>\n<p>He found positives in the results, however, including upbeat engagement trends and growing uptake of the company's buy-now pay-later offering.</p>\n<p>Wedbush analyst Moshe Katri called out eBay as \"the main culprit\" for PayPal's shortfall, though he noted that metrics like volume growth and core revenue growth accelerated sequentially, excluding eBay. \"Prior dips in PayPal's stock due to eBay-related misses presented great buying opportunities,\" he said in an email to MarketWatch.</p>\n<p>In speaking of the eBay transition, Schulman told MarketWatch that \"the faster they move...the better.\" He expects a \"clean slate\" in 2022 that he said will allow investors to \"really see the impressive nature of the core business.\"</p>\n<p>PayPal raised its full-year forecast in conjunction with its March-quarter earnings report and is largely keeping that outlook intact this time around, except to boost its TPV expectations. The company now anticipates 33% to 35% annual growth in TPV, versus a prior expectation for 30%.</p>\n<p>At the end of 2021, PayPal expects that eBay will represent less than 3% of revenue and TPV.</p>\n<p>PayPal disclosed for the second quarter that it added 11.4 million net new active accounts in the period, bringing its total number of active accounts to 408 million. The company saw 43.5 payment transactions per active account on a trailing-12-month basis.</p>\n<p>Venmo had 76 million active accounts as of the second quarter, up from 70 million when it last disclosed a count six months ago. The company considers active account as those that have made a transaction in the past 12 months.</p>\n<p>Schulman noted on PayPal's earnings call that the company saw \"strong adoption and trading of crypto on Venmo\" in the quarter.</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>PayPal stock slips as earnings beat expectations but outlook comes up short</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\">\nPayPal stock slips as earnings beat expectations but outlook comes up short\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-07-29 07:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Company points to headwinds from eBay's migration to its own payments experience</p>\n<p>PayPal Holdings Inc. topped profit expectations for its latest quarter, but it delivered a lower-than-expected outlook for the current quarter as eBay's transition to managing its own payments experience is happening more quickly than expected.</p>\n<p>While PayPal (PYPL) was the main payments partner for eBay <a href=\"https://laohu8.com/S/EBAY\">$(EBAY)$</a> in the initial years following the separation of the two companies, eBay is now in the midst of taking over the payments experience on its own site . PayPal expects that the eBay transition will be a headwind in 2021, according to its investor presentation, but Chief Executive Dan Schulman told MarketWatch that eBay's more rapid migration will give PayPal a \"clean slate\" heading into 2022.</p>\n<p>Shares were off 5.7% in after-hours trading.</p>\n<p>The company posted second-quarter net income of $1.18 billion, or $1.00 a share, down from $1.53 billion, or $1.29 a share, a year earlier. After adjustments, PayPal earned $1.15 a share, up from $1.07 a share a year prior and above the FactSet consensus, which called for $1.12 a share.</p>\n<p>PayPal's revenue for the second quarter climbed to $6.24 billion from $5.26 billion, while analysts tracked by FactSet had been expecting $6.27 billion.</p>\n<p>The company's total payment volume, or the value of payments flowing through its platform, came in at $311 billion, up from $221.7 billion a year earlier. Analysts were projecting $295.2 billion in TPV.</p>\n<p>Venmo's total payment volume came in at $58 billion, while Venmo's revenue was up 70%, making for the highest growth rate in the past year. Revenue from Pay With Venmo, which lets people use their Venmo accounts for purchases, was up 183%.</p>\n<p>\"It's clear there's been a shift in shopping behavior,\" Schulman told MarketWatch, as PayPal continues to see strong traction in e-commerce and other digital avenues.</p>\n<p>For the third quarter, PayPal expects revenue of $6.15 billion to $6.25 billion, which includes a $465 million negative impact from the eBay migration. The eBay move is creating about 700 basis points of pressure on PayPal's revenue line, Schulman said, roughly 100 basis points more than expected.</p>\n<p>The company anticipates adjusted earnings per share of $1.07, with that number also expected to be impacted by eBay dynamics.</p>\n<p>Analysts were expecting third-quarter revenue of $6.44 billion and adjusted earnings per share of $1.14.</p>\n<p>\"If there is a sign that the COVID honeymoon may be over, PayPal's 2Q results and likely poor stock reaction are a good example,\" Mizuho analyst Dan Dolev wrote in a note to clients. \"Investors pampered by phenomenal beat-and-raise quarters during COVID may find 'just meeting' revenue guide, not raising EPS despite lower taxes, and slower Venmo growth as somewhat unappetizing.\" (Venmo's TPV slowed sequentially relative to the first quarter.)</p>\n<p>He found positives in the results, however, including upbeat engagement trends and growing uptake of the company's buy-now pay-later offering.</p>\n<p>Wedbush analyst Moshe Katri called out eBay as \"the main culprit\" for PayPal's shortfall, though he noted that metrics like volume growth and core revenue growth accelerated sequentially, excluding eBay. \"Prior dips in PayPal's stock due to eBay-related misses presented great buying opportunities,\" he said in an email to MarketWatch.</p>\n<p>In speaking of the eBay transition, Schulman told MarketWatch that \"the faster they move...the better.\" He expects a \"clean slate\" in 2022 that he said will allow investors to \"really see the impressive nature of the core business.\"</p>\n<p>PayPal raised its full-year forecast in conjunction with its March-quarter earnings report and is largely keeping that outlook intact this time around, except to boost its TPV expectations. The company now anticipates 33% to 35% annual growth in TPV, versus a prior expectation for 30%.</p>\n<p>At the end of 2021, PayPal expects that eBay will represent less than 3% of revenue and TPV.</p>\n<p>PayPal disclosed for the second quarter that it added 11.4 million net new active accounts in the period, bringing its total number of active accounts to 408 million. The company saw 43.5 payment transactions per active account on a trailing-12-month basis.</p>\n<p>Venmo had 76 million active accounts as of the second quarter, up from 70 million when it last disclosed a count six months ago. The company considers active account as those that have made a transaction in the past 12 months.</p>\n<p>Schulman noted on PayPal's earnings call that the company saw \"strong adoption and trading of crypto on Venmo\" in the quarter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EBAY":"eBay","PYPL":"PayPal"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155976821","content_text":"Company points to headwinds from eBay's migration to its own payments experience\nPayPal Holdings Inc. topped profit expectations for its latest quarter, but it delivered a lower-than-expected outlook for the current quarter as eBay's transition to managing its own payments experience is happening more quickly than expected.\nWhile PayPal (PYPL) was the main payments partner for eBay $(EBAY)$ in the initial years following the separation of the two companies, eBay is now in the midst of taking over the payments experience on its own site . PayPal expects that the eBay transition will be a headwind in 2021, according to its investor presentation, but Chief Executive Dan Schulman told MarketWatch that eBay's more rapid migration will give PayPal a \"clean slate\" heading into 2022.\nShares were off 5.7% in after-hours trading.\nThe company posted second-quarter net income of $1.18 billion, or $1.00 a share, down from $1.53 billion, or $1.29 a share, a year earlier. After adjustments, PayPal earned $1.15 a share, up from $1.07 a share a year prior and above the FactSet consensus, which called for $1.12 a share.\nPayPal's revenue for the second quarter climbed to $6.24 billion from $5.26 billion, while analysts tracked by FactSet had been expecting $6.27 billion.\nThe company's total payment volume, or the value of payments flowing through its platform, came in at $311 billion, up from $221.7 billion a year earlier. Analysts were projecting $295.2 billion in TPV.\nVenmo's total payment volume came in at $58 billion, while Venmo's revenue was up 70%, making for the highest growth rate in the past year. Revenue from Pay With Venmo, which lets people use their Venmo accounts for purchases, was up 183%.\n\"It's clear there's been a shift in shopping behavior,\" Schulman told MarketWatch, as PayPal continues to see strong traction in e-commerce and other digital avenues.\nFor the third quarter, PayPal expects revenue of $6.15 billion to $6.25 billion, which includes a $465 million negative impact from the eBay migration. The eBay move is creating about 700 basis points of pressure on PayPal's revenue line, Schulman said, roughly 100 basis points more than expected.\nThe company anticipates adjusted earnings per share of $1.07, with that number also expected to be impacted by eBay dynamics.\nAnalysts were expecting third-quarter revenue of $6.44 billion and adjusted earnings per share of $1.14.\n\"If there is a sign that the COVID honeymoon may be over, PayPal's 2Q results and likely poor stock reaction are a good example,\" Mizuho analyst Dan Dolev wrote in a note to clients. \"Investors pampered by phenomenal beat-and-raise quarters during COVID may find 'just meeting' revenue guide, not raising EPS despite lower taxes, and slower Venmo growth as somewhat unappetizing.\" (Venmo's TPV slowed sequentially relative to the first quarter.)\nHe found positives in the results, however, including upbeat engagement trends and growing uptake of the company's buy-now pay-later offering.\nWedbush analyst Moshe Katri called out eBay as \"the main culprit\" for PayPal's shortfall, though he noted that metrics like volume growth and core revenue growth accelerated sequentially, excluding eBay. \"Prior dips in PayPal's stock due to eBay-related misses presented great buying opportunities,\" he said in an email to MarketWatch.\nIn speaking of the eBay transition, Schulman told MarketWatch that \"the faster they move...the better.\" He expects a \"clean slate\" in 2022 that he said will allow investors to \"really see the impressive nature of the core business.\"\nPayPal raised its full-year forecast in conjunction with its March-quarter earnings report and is largely keeping that outlook intact this time around, except to boost its TPV expectations. The company now anticipates 33% to 35% annual growth in TPV, versus a prior expectation for 30%.\nAt the end of 2021, PayPal expects that eBay will represent less than 3% of revenue and TPV.\nPayPal disclosed for the second quarter that it added 11.4 million net new active accounts in the period, bringing its total number of active accounts to 408 million. The company saw 43.5 payment transactions per active account on a trailing-12-month basis.\nVenmo had 76 million active accounts as of the second quarter, up from 70 million when it last disclosed a count six months ago. The company considers active account as those that have made a transaction in the past 12 months.\nSchulman noted on PayPal's earnings call that the company saw \"strong adoption and trading of crypto on Venmo\" in the quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341957402,"gmtCreate":1617774762206,"gmtModify":1704702964393,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>why I cannotbuy ?&nbsp;","listText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>why I cannotbuy ?&nbsp;","text":"$SEMBCORP MARINE LTD(S51.SI)$why I cannotbuy ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341957402","isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143086871,"gmtCreate":1625752647693,"gmtModify":1703747856952,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>please up","listText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>please up","text":"$Intel(INTC)$please up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143086871","isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377399516,"gmtCreate":1619494206235,"gmtModify":1704724885288,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>up up up&nbsp;","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>up up up&nbsp;","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377399516","isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126274336,"gmtCreate":1624577448925,"gmtModify":1703840606318,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"I need a T","listText":"I need a T","text":"I need a T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126274336","repostId":"114899451","repostType":1,"repost":{"id":114899451,"gmtCreate":1623063308869,"gmtModify":1704195267674,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"【老虎7週年】集卡瓜分百萬獎金","htmlText":"老虎7週年給大家發福利了，集齊TIGER五個字母即有機會瓜分百萬獎金，你準備好了嗎？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可參與活動</a> &#x1;如何參與？ 用戶可通過完成活動頁面展示的當日任務列表來獲得字母卡，每完成一個任務即可隨機獲得一個字母，用戶集齊“TIGER”五個字母即可參與瓜分百萬股票代金券，每個用戶單日最多可獲得20張字母卡（不包括好友贈予和魔法卡）。 用戶在活動期間邀請累計7名好友完成註冊並開戶（註冊時間和開戶時間均在活動期間），即可獲得一張魔法卡（每人僅可獲得一張魔法卡）。魔法卡可用於兌換TIGER中的任意一個字母。&#x1;如果用戶的某一字母卡數量爲0，則字母卡爲灰色，用戶可通過點擊灰色的字母卡向好友索要卡片；如果用戶的字母卡數量大於0，則字母卡爲彩色，用戶可通過點擊彩色的字母卡向好友贈送卡片。當用戶集齊TIGER之後將無法再索要卡片或者贈送卡片。 &#x1; &#x1;如何獲得獎勵？ 用戶可在2021年7月1日至2021年7月2日期間進行開獎，所有集齊TIGER的客戶可點擊活動頁面的“開獎”按鈕，即可查看自己瓜分到的股票代金券獎勵。在開獎時間段內未點擊開獎的用戶將無法獲得獎勵。&#x1; 獎勵發放： 股票代金券將在開獎後的1個工作日內發放至用戶的獎勵中心，用戶需要在獎勵發放後的20天內前往【Tiger Trade APP &gt; 我的 &gt; 活動獎勵】領取，過期未領取的獎勵將自動失效。 重要提示： 本次7週年活動涉及不同國家和地區，由於各地區的監管要求不同，不同地區的活動獎勵會有所區別。欲知詳情，請點擊下方活動鏈接，登陸您的賬號，並點擊“活動規則“查看詳情。","listText":"老虎7週年給大家發福利了，集齊TIGER五個字母即有機會瓜分百萬獎金，你準備好了嗎？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可參與活動</a> &#x1;如何參與？ 用戶可通過完成活動頁面展示的當日任務列表來獲得字母卡，每完成一個任務即可隨機獲得一個字母，用戶集齊“TIGER”五個字母即可參與瓜分百萬股票代金券，每個用戶單日最多可獲得20張字母卡（不包括好友贈予和魔法卡）。 用戶在活動期間邀請累計7名好友完成註冊並開戶（註冊時間和開戶時間均在活動期間），即可獲得一張魔法卡（每人僅可獲得一張魔法卡）。魔法卡可用於兌換TIGER中的任意一個字母。&#x1;如果用戶的某一字母卡數量爲0，則字母卡爲灰色，用戶可通過點擊灰色的字母卡向好友索要卡片；如果用戶的字母卡數量大於0，則字母卡爲彩色，用戶可通過點擊彩色的字母卡向好友贈送卡片。當用戶集齊TIGER之後將無法再索要卡片或者贈送卡片。 &#x1; &#x1;如何獲得獎勵？ 用戶可在2021年7月1日至2021年7月2日期間進行開獎，所有集齊TIGER的客戶可點擊活動頁面的“開獎”按鈕，即可查看自己瓜分到的股票代金券獎勵。在開獎時間段內未點擊開獎的用戶將無法獲得獎勵。&#x1; 獎勵發放： 股票代金券將在開獎後的1個工作日內發放至用戶的獎勵中心，用戶需要在獎勵發放後的20天內前往【Tiger Trade APP &gt; 我的 &gt; 活動獎勵】領取，過期未領取的獎勵將自動失效。 重要提示： 本次7週年活動涉及不同國家和地區，由於各地區的監管要求不同，不同地區的活動獎勵會有所區別。欲知詳情，請點擊下方活動鏈接，登陸您的賬號，並點擊“活動規則“查看詳情。","text":"老虎7週年給大家發福利了，集齊TIGER五個字母即有機會瓜分百萬獎金，你準備好了嗎？ 戳我即可參與活動 \u0001如何參與？ 用戶可通過完成活動頁面展示的當日任務列表來獲得字母卡，每完成一個任務即可隨機獲得一個字母，用戶集齊“TIGER”五個字母即可參與瓜分百萬股票代金券，每個用戶單日最多可獲得20張字母卡（不包括好友贈予和魔法卡）。 用戶在活動期間邀請累計7名好友完成註冊並開戶（註冊時間和開戶時間均在活動期間），即可獲得一張魔法卡（每人僅可獲得一張魔法卡）。魔法卡可用於兌換TIGER中的任意一個字母。\u0001如果用戶的某一字母卡數量爲0，則字母卡爲灰色，用戶可通過點擊灰色的字母卡向好友索要卡片；如果用戶的字母卡數量大於0，則字母卡爲彩色，用戶可通過點擊彩色的字母卡向好友贈送卡片。當用戶集齊TIGER之後將無法再索要卡片或者贈送卡片。 \u0001 \u0001如何獲得獎勵？ 用戶可在2021年7月1日至2021年7月2日期間進行開獎，所有集齊TIGER的客戶可點擊活動頁面的“開獎”按鈕，即可查看自己瓜分到的股票代金券獎勵。在開獎時間段內未點擊開獎的用戶將無法獲得獎勵。\u0001 獎勵發放： 股票代金券將在開獎後的1個工作日內發放至用戶的獎勵中心，用戶需要在獎勵發放後的20天內前往【Tiger Trade APP > 我的 > 活動獎勵】領取，過期未領取的獎勵將自動失效。 重要提示： 本次7週年活動涉及不同國家和地區，由於各地區的監管要求不同，不同地區的活動獎勵會有所區別。欲知詳情，請點擊下方活動鏈接，登陸您的賬號，並點擊“活動規則“查看詳情。","images":[{"img":"https://static.tigerbbs.com/fd956a9c2fc9ee609753ae5f967072a7","width":"415","height":"616"},{"img":"https://static.tigerbbs.com/92e88357b534f504b3088bc22f577a83","width":"415","height":"326"},{"img":"https://static.tigerbbs.com/fe0400cc487fb56f85d401ab03df4d5e","width":"415","height":"356"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114899451","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109239090,"gmtCreate":1619698215510,"gmtModify":1704728176662,"author":{"id":"3574509883626940","authorId":"3574509883626940","name":"努力學習的韭菜","avatar":"https://static.tigerbbs.com/19aa1b1b40d674aceb3714fa8a6ecf98","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574509883626940","authorIdStr":"3574509883626940"},"themes":[],"htmlText":"[Cool]&nbsp;[Cool]&nbsp;","listText":"[Cool]&nbsp;[Cool]&nbsp;","text":"[Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109239090","repostId":"1198510299","repostType":2,"repost":{"id":"1198510299","kind":"news","pubTimestamp":1619686706,"share":"https://ttm.financial/m/news/1198510299?lang=&edition=fundamental","pubTime":"2021-04-29 16:58","market":"us","language":"en","title":"Apple's Earnings Smasher: No Room For Bearishness","url":"https://stock-news.laohu8.com/highlight/detail?id=1198510299","media":"seekingalpha","summary":"Apple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.The earnings smasher was further enabled by easy comps and lingering stay-at-home tailwinds.Apple is approaching all-time highs. But, due to substantially higher 2021 projected EPS, I estimate that P/E has dipped to pre-pandemic levels.iPhone growth of 66%, supported primarily by the strong performance of the Pro and Pro Max models;iPad growth of 79%, which compares favorably to Microsof","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.</li>\n <li>The earnings smasher was further enabled by easy comps and lingering stay-at-home tailwinds.</li>\n <li>Apple is approaching all-time highs. But, due to substantially higher 2021 projected EPS, I estimate that P/E has dipped to pre-pandemic levels.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92d2bfb46715d165b9ab77302c6961b7\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Drew Angerer/Getty Images News via Getty Images</span></p>\n<p>In&nbsp;my earnings preview, I sounded skeptical that Apple (AAPL) could see its stock climb solely on the back of above consensus fiscal second quarter results. In my view, the bar was set high enough. Bullishness would most likely be triggered, if at all, by (1) reinstatement of guidance and/or (2) lavish cash return to shareholders, in the form of higher dividends or share repurchases.</p>\n<p>Yes, Apple provided partial guidance for fiscal third quarter, and both the dividend and buyback programs were boosted. But what impressed the most, in my opinion, was the extent of&nbsp;Apple's Q2 beat.</p>\n<p>The company's performance bordered \"unbelievable,\" as Morgan Stanley's analyst pointed out during the conference call. With a historic earnings smasher, Apple made sure to leave no room for post-earnings bearishness.</p>\n<p><b>Earnings crusher</b></p>\n<p>Analyzing Apple's results was relatively easy this time. Virtually all metrics climbed substantially YOY – from total company and per-segment revenues to margins, earnings and cash flow. There was virtually no bad news to speak of.</p>\n<p>Below are the highlights of Apple's results, delivered on April 28. To the best of my knowledge, none of the figures below are typos, as much as they might seem to be.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8ca500cb00a59b1562e20ea213f11050\" tg-width=\"595\" tg-height=\"189\"><span>Source: DM Martins Research, data from company report</span></p>\n<ul>\n <li><b>iPhone</b>&nbsp;growth of 66%, supported primarily by the strong performance of the Pro and Pro Max models;</li>\n <li><b>iPad</b>&nbsp;growth of 79%, which compares favorably to Microsoft's (MSFT) 12% increase in Surface revenues and the broad industry's&nbsp;projected&nbsp;double-digit decline in tablet unit sales in first calendar quarter;</li>\n <li><b>Mac</b>&nbsp;growth of 70%, a result of (1) a strong lineup of M1-equipped devices and (2) stay-at-home trends still playing a crucial role in global markets, particularly Europe;</li>\n <li><b>Services</b>&nbsp;growth of 27% that, contrary to popular belief, accelerated compared to pre-pandemic levels;</li>\n <li><b>Greater China</b>&nbsp;growth of 87%, due in part to the country being ahead in the COVID-19 cycle, definitely turning this market from a 2015-2020 loser into a winner over the past six months;</li>\n <li><b>Gross margin</b>&nbsp;expansion of over four percentage points due to cost savings and favorable mix;</li>\n <li><b>Op margin</b>&nbsp;expansion of more than eight percentage points due to gross margin increase and gains of scale.</li>\n</ul>\n<p>To be fair, a few one-off factors may have helped to turn an otherwise strong second quarter into a record-shattering one. The odd timing in the launch of the iPhone 12 in 2020 created a revenue gap in the holiday period that is still being smoothed out today. Also, COVID-19 has lasted longer than some may have wished in parts of the world, extending the stay-at-home tailwinds.</p>\n<p><b>Stock is cheap again</b></p>\n<p>With impressive results under the belt, Apple climbed modestly after the closing bell. Between the regular and after-hours trading sessions, the stock gained about 1.5%, pushing shares closer to their all-time high of $143.</p>\n<p>Despite the small earnings day gains, Apple exits this season a more affordable stock. The math is fairly simple:</p>\n<ol>\n <li>The monstrous 42-cent Q2 EPS beat alone should push fiscal 2021 consensus higher, to $4.87;</li>\n <li>Guidance for Q3 was incomplete, but I conservatively estimate that it points at another 20-cent gap to consensus, at least. Both quarters combined add up to new fiscal 2021 EPS expectations of about $5.10.</li>\n</ol>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e4cd98b9d528f253ba92a277e6dab5f\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>Apple's after-hours share price of $136 divided by a conservative $5.10 in fiscal 2021 EPS suggests a current-year P/E of only 26.8x. This is roughly in line with AAPL's pre-pandemic valuation multiple, and lower than those of tech peers whose stocks are sometimes considered \"value,\" like Facebook (FB) and Alphabet (GOOG)(NASDAQ:GOOGL). See chart above.</p>\n<p>Just like that, following a killer earnings report, Apple stock starts to look cheap once again – despite shares having climbed about 90% in the past 12 months alone.</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>Apple's Earnings Smasher: No Room For Bearishness</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's Earnings Smasher: No Room For Bearishness\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 16:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4422326-apple-earnings-smasher-no-room-for-bearishness-aapl><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.\nThe earnings smasher was further enabled by easy comps and lingering stay-at-...</p>\n\n<a href=\"https://seekingalpha.com/article/4422326-apple-earnings-smasher-no-room-for-bearishness-aapl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4422326-apple-earnings-smasher-no-room-for-bearishness-aapl","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1198510299","content_text":"Summary\n\nApple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.\nThe earnings smasher was further enabled by easy comps and lingering stay-at-home tailwinds.\nApple is approaching all-time highs. But, due to substantially higher 2021 projected EPS, I estimate that P/E has dipped to pre-pandemic levels.\n\nPhoto by Drew Angerer/Getty Images News via Getty Images\nIn my earnings preview, I sounded skeptical that Apple (AAPL) could see its stock climb solely on the back of above consensus fiscal second quarter results. In my view, the bar was set high enough. Bullishness would most likely be triggered, if at all, by (1) reinstatement of guidance and/or (2) lavish cash return to shareholders, in the form of higher dividends or share repurchases.\nYes, Apple provided partial guidance for fiscal third quarter, and both the dividend and buyback programs were boosted. But what impressed the most, in my opinion, was the extent of Apple's Q2 beat.\nThe company's performance bordered \"unbelievable,\" as Morgan Stanley's analyst pointed out during the conference call. With a historic earnings smasher, Apple made sure to leave no room for post-earnings bearishness.\nEarnings crusher\nAnalyzing Apple's results was relatively easy this time. Virtually all metrics climbed substantially YOY – from total company and per-segment revenues to margins, earnings and cash flow. There was virtually no bad news to speak of.\nBelow are the highlights of Apple's results, delivered on April 28. To the best of my knowledge, none of the figures below are typos, as much as they might seem to be.\nSource: DM Martins Research, data from company report\n\niPhone growth of 66%, supported primarily by the strong performance of the Pro and Pro Max models;\niPad growth of 79%, which compares favorably to Microsoft's (MSFT) 12% increase in Surface revenues and the broad industry's projected double-digit decline in tablet unit sales in first calendar quarter;\nMac growth of 70%, a result of (1) a strong lineup of M1-equipped devices and (2) stay-at-home trends still playing a crucial role in global markets, particularly Europe;\nServices growth of 27% that, contrary to popular belief, accelerated compared to pre-pandemic levels;\nGreater China growth of 87%, due in part to the country being ahead in the COVID-19 cycle, definitely turning this market from a 2015-2020 loser into a winner over the past six months;\nGross margin expansion of over four percentage points due to cost savings and favorable mix;\nOp margin expansion of more than eight percentage points due to gross margin increase and gains of scale.\n\nTo be fair, a few one-off factors may have helped to turn an otherwise strong second quarter into a record-shattering one. The odd timing in the launch of the iPhone 12 in 2020 created a revenue gap in the holiday period that is still being smoothed out today. Also, COVID-19 has lasted longer than some may have wished in parts of the world, extending the stay-at-home tailwinds.\nStock is cheap again\nWith impressive results under the belt, Apple climbed modestly after the closing bell. Between the regular and after-hours trading sessions, the stock gained about 1.5%, pushing shares closer to their all-time high of $143.\nDespite the small earnings day gains, Apple exits this season a more affordable stock. The math is fairly simple:\n\nThe monstrous 42-cent Q2 EPS beat alone should push fiscal 2021 consensus higher, to $4.87;\nGuidance for Q3 was incomplete, but I conservatively estimate that it points at another 20-cent gap to consensus, at least. Both quarters combined add up to new fiscal 2021 EPS expectations of about $5.10.\n\nData by YCharts\nApple's after-hours share price of $136 divided by a conservative $5.10 in fiscal 2021 EPS suggests a current-year P/E of only 26.8x. This is roughly in line with AAPL's pre-pandemic valuation multiple, and lower than those of tech peers whose stocks are sometimes considered \"value,\" like Facebook (FB) and Alphabet (GOOG)(NASDAQ:GOOGL). See chart above.\nJust like that, following a killer earnings report, Apple stock starts to look cheap once again – despite shares having climbed about 90% in the past 12 months alone.","news_type":1},"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}