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2021-07-09

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Online payments firm Stripe takes first step toward blockbuster listing -sources

2021-07-09

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Stamps.com Enters Definitive Agreement to be Acquired by Thoma Bravo in $6.6 Billion Transaction

2021-07-02

Finally Tesla is soaring.Please like and comment, thanks

Tesla shares stood at $700 for the first time since May 3

2021-06-08

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JPMorgan's top equity strategist Kolanovic says the next market leg higher is coming soon

2021-08-07

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Tencent sued by the Haidian District Procuratorate

2021-07-20

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2021-06-29

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US IPO Week Ahead: DiDi makes its billion-dollar debut in a 17 IPO week

2021-06-17

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Why GEO Group Is Soaring 11% This Morning

2021-06-13

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S&P ekes out gains to close languid week

2021-05-29

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The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever

2021-05-01

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Fed's Kaplan sees financial market 'excesses,' eyes QE taper

2021-07-18

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

2021-06-19

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Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie

2021-05-31

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Porsche, Piech families weigh direct stake in possible Porsche IPO-sources

2021-05-08

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Tesla Raises China Model 3 Prices, Citing Cost Fluctuations

2021-07-24

Nio the stock to last Please like and comment, thanks

Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks

2021-06-19

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2021-06-08

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Apple announces iOS 15 for iPhones with lots of new social features

2021-06-07

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3 Robinhood Stocks That Could Make You a Lot Richer Than AMC Will

2021-05-22

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Roblox: Building The Metaverse, But For Whom?

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(Nasdaq: BNGO), today announced ","content":"<html><body><img hspace=\"5\" src=\"https://s1.yimg.com/uu/api/res/1.2/qcEru7G39I66DilrVZMGRA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/globenewswire.com/210d041dead97b47ab99d2eba2255860\" title=\"BNGO Logo.png\" vspace=\"5\"/>\n<p>SAN DIEGO, July 21, 2022 (GLOBE NEWSWIRE) -- <a href=\"https://laohu8.com/S/BNGO\">Bionano Genomics</a>, Inc. (Nasdaq: BNGO), today announced publication of a study using optical genome mapping (OGM) to investigate numerical and structural changes to two induced pluripotent stem cell (iPSC) lines, WTC-11 and Tuba1-GFP, during long-term culturing. This research provides scientific and practical support for the use of OGM workflows in regenerative medicine due to OGM’s ability to detect hundreds of structural variants (SVs), many of which had not been seen by other cytogenetic methods and which may impact the genomic integrity of iPSCs.</p>\n<p>iPSCs have the potential to provide greater clinical impact to patients than stem cells while avoiding possible immunological rejection because they can be derived from the patient being treated. In order to be used for gene editing, iPSCs must be created and expanded in culture, opening the possibility for the accrual of chromosomal variants over time. In the study, published in <em>Genes</em>, the authors followed two cell lines over 150 days of continuous culture, or 50 passages, and found significant changes to the genome in both using OGM. 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This paper outlines the utility of OGM for pharmaceutical research and drug development, which is a segment of the genomics market that Bionano is also targeting,” commented Erik Holmlin, PhD, president and chief executive officer of Bionano Genomics.</p>\n<p>This publication is available at: https://www.mdpi.com/2073-4425/13/7/1157</p>\n<p><strong>About Bionano Genomics</strong><br/>Bionano Genomics is a provider of genome analysis solutions that can enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. The Company’s mission is to transform the way the world sees the genome through OGM solutions, diagnostic services and software. The Company offers OGM solutions for applications across basic, translational and clinical research. Through its Lineagen business, the Company also provides diagnostic testing for patients with clinical presentations consistent with autism spectrum disorder and other neurodevelopmental disabilities. 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Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things, the potential for SVs to impact iPSCs and the ability for OGM workflows to detect them, and OGM’s potential value in the pharmaceutical research and drug development field. Each of these forward-looking statements involves risks and uncertainties. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include the risks and uncertainties associated with: the adoption of OGM in new fields, including the pharmaceutical research and drug development field, the impact of the COVID-19 pandemic on our business and the global economy; general market conditions; changes in the competitive landscape and the introduction of competitive technologies or improvements to existing technologies; failure of future study results to support those demonstrated in the paper referenced in this press release; changes in our strategic and commercial plans; our ability to obtain sufficient financing to fund our strategic plans and commercialization efforts; the ability of medical and research institutions to obtain funding to support adoption or continued use of our technologies; and the risks and uncertainties associated with our business and financial condition in general, including the risks and uncertainties described in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2021 and in other filings subsequently made by us with the Securities and Exchange Commission. 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We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.</p>\n<p><strong>CONTACTS</strong><br/><strong>Company Contact:</strong><br/>Erik Holmlin, CEO<br/>Bionano Genomics, Inc.<br/>+1 (858) 888-7610<br/>eholmlin@bionanogenomics.com<br/><br/><br/><br/><br/></p>\n<p><strong>Investor Relations:</strong><br/>Amy Conrad<br/>Juniper Point<br/>+1 (858) 366-3243<br/>amy@juniper-point.com<br/><br/><br/><br/></p>\n<br/>\n<img src=\"https://ml.globenewswire.com/media/NzkyMzk5NGEtZmQwZi00OThhLWE4ODktZGI5Y2YyNDNlZTJjLTUwMDA1MjUyMQ==/tiny/Bionano-Genomics.png\"/>\n<br/></body></html>","source":"yahoofinance","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>Bionano Genomics Announces Publication of a New Study Using OGM to Investigate Chromosome Instability during Culture of Induced Pluripotent Stem Cells</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\">\nBionano Genomics Announces Publication of a New Study Using OGM to Investigate Chromosome Instability during Culture of Induced Pluripotent Stem Cells\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-21 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bionano-genomics-announces-publication-study-120000403.html><strong>GlobeNewswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAN DIEGO, July 21, 2022 (GLOBE NEWSWIRE) -- Bionano Genomics, Inc. (Nasdaq: BNGO), today announced publication of a study using optical genome mapping (OGM) to investigate numerical and structural ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bionano-genomics-announces-publication-study-120000403.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/uzvsvIWdvQgBpLTdrcWBwQ--~B/aD0xNjQ7dz01NTQ7YXBwaWQ9eXRhY2h5b24-/https://s.yimg.com/uu/api/res/1.2/3AJItAuZDnOAy8w55m52WQ--~B/aD0xNjQ7dz01NTQ7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/globenewswire.com/97cf4a2a53862e36a9f05163de03c7b0","relate_stocks":{"BK4017":"黄金","BK4575":"芯片概念","BNGO":"Bionano Genomics","BK4570":"地缘局势概念股","NGD":"New Gold","BK4121":"生命科学工具和服务"},"source_url":"https://finance.yahoo.com/news/bionano-genomics-announces-publication-study-120000403.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2253742077","content_text":"SAN DIEGO, July 21, 2022 (GLOBE NEWSWIRE) -- Bionano Genomics, Inc. (Nasdaq: BNGO), today announced publication of a study using optical genome mapping (OGM) to investigate numerical and structural changes to two induced pluripotent stem cell (iPSC) lines, WTC-11 and Tuba1-GFP, during long-term culturing. This research provides scientific and practical support for the use of OGM workflows in regenerative medicine due to OGM’s ability to detect hundreds of structural variants (SVs), many of which had not been seen by other cytogenetic methods and which may impact the genomic integrity of iPSCs.\niPSCs have the potential to provide greater clinical impact to patients than stem cells while avoiding possible immunological rejection because they can be derived from the patient being treated. In order to be used for gene editing, iPSCs must be created and expanded in culture, opening the possibility for the accrual of chromosomal variants over time. In the study, published in Genes, the authors followed two cell lines over 150 days of continuous culture, or 50 passages, and found significant changes to the genome in both using OGM. Additionally, hundreds of SVs not found in the internal control database were also observed in both cell lines and accumulated over the course of the study, potentially impacting gene expression and cell survival. The authors also suggest that, because of the accumulation of chromosome changes over time and the unknown effects on iPSCs in therapy, culture times should be limited.\n“Bionano is expanding into markets where OGM is an alternative workflow for cytogenetics in genetic diseases and cancer. In addition, we are driving adoption of OGM into the academic research community to enable novel discoveries connected to structural variations. This paper outlines the utility of OGM for pharmaceutical research and drug development, which is a segment of the genomics market that Bionano is also targeting,” commented Erik Holmlin, PhD, president and chief executive officer of Bionano Genomics.\nThis publication is available at: https://www.mdpi.com/2073-4425/13/7/1157\nAbout Bionano GenomicsBionano Genomics is a provider of genome analysis solutions that can enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. The Company’s mission is to transform the way the world sees the genome through OGM solutions, diagnostic services and software. The Company offers OGM solutions for applications across basic, translational and clinical research. Through its Lineagen business, the Company also provides diagnostic testing for patients with clinical presentations consistent with autism spectrum disorder and other neurodevelopmental disabilities. Through its BioDiscovery business, the Company also offers an industry-leading, platform-agnostic software solution, which integrates next-generation sequencing and microarray data designed to provide analysis, visualization, interpretation and reporting of copy number variants, single-nucleotide variants and absence of heterozygosity across the genome in one consolidated view. For more information, visit www.bionanogenomics.com, www.lineagen.com or www.biodiscovery.com.\nForward-Looking Statements of Bionano Genomics\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “can” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) convey uncertainty of future events or outcomes and are intended to identify these forward-looking statements. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things, the potential for SVs to impact iPSCs and the ability for OGM workflows to detect them, and OGM’s potential value in the pharmaceutical research and drug development field. Each of these forward-looking statements involves risks and uncertainties. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include the risks and uncertainties associated with: the adoption of OGM in new fields, including the pharmaceutical research and drug development field, the impact of the COVID-19 pandemic on our business and the global economy; general market conditions; changes in the competitive landscape and the introduction of competitive technologies or improvements to existing technologies; failure of future study results to support those demonstrated in the paper referenced in this press release; changes in our strategic and commercial plans; our ability to obtain sufficient financing to fund our strategic plans and commercialization efforts; the ability of medical and research institutions to obtain funding to support adoption or continued use of our technologies; and the risks and uncertainties associated with our business and financial condition in general, including the risks and uncertainties described in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2021 and in other filings subsequently made by us with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.\nCONTACTSCompany Contact:Erik Holmlin, CEOBionano Genomics, Inc.+1 (858) 888-7610eholmlin@bionanogenomics.com\nInvestor Relations:Amy ConradJuniper Point+1 (858) 366-3243amy@juniper-point.com","news_type":1},"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907311362,"gmtCreate":1660141031558,"gmtModify":1703478332234,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"great scandal","listText":"great scandal","text":"great scandal","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907311362","repostId":"9904245370","repostType":1,"repost":{"id":9904245370,"gmtCreate":1660059894491,"gmtModify":1703477439327,"author":{"id":"4102740637684170","authorId":"4102740637684170","name":"OptionsDelta","avatar":"https://static.tigerbbs.com/b5ab2017d32f95a165639de659b21cd1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102740637684170","authorIdStr":"4102740637684170"},"themes":[],"title":"Someone bought $3 million put to short ASHR","htmlText":"Another big story broke last night. A Chinese blogger has claimed that more than 300 fund managers, some of them well-known public fund managers, have been reined in for betting on over-the-counter options, calling it \"the biggest scandal in the history of the public fund industry\".As of the time I wrote, there had been no official disclosure or clarification from any regulator or company, and the unusually stable performance of the Chinese market had to raise doubts about whether the news was true or false.There were doubts yesterday. Although the Chinese stock market does not open at midnight, the US stock market is open, and the trend of the <a href=\"https://laohu8.com/S/ASHR\">$Deutsche CSI 300 Index ETF(ASHR)$</a>is too stable. I have seen many friends in the financial circle use the m","listText":"Another big story broke last night. A Chinese blogger has claimed that more than 300 fund managers, some of them well-known public fund managers, have been reined in for betting on over-the-counter options, calling it \"the biggest scandal in the history of the public fund industry\".As of the time I wrote, there had been no official disclosure or clarification from any regulator or company, and the unusually stable performance of the Chinese market had to raise doubts about whether the news was true or false.There were doubts yesterday. Although the Chinese stock market does not open at midnight, the US stock market is open, and the trend of the <a href=\"https://laohu8.com/S/ASHR\">$Deutsche CSI 300 Index ETF(ASHR)$</a>is too stable. I have seen many friends in the financial circle use the m","text":"Another big story broke last night. A Chinese blogger has claimed that more than 300 fund managers, some of them well-known public fund managers, have been reined in for betting on over-the-counter options, calling it \"the biggest scandal in the history of the public fund industry\".As of the time I wrote, there had been no official disclosure or clarification from any regulator or company, and the unusually stable performance of the Chinese market had to raise doubts about whether the news was true or false.There were doubts yesterday. Although the Chinese stock market does not open at midnight, the US stock market is open, and the trend of the $Deutsche CSI 300 Index ETF(ASHR)$is too stable. I have seen many friends in the financial circle use the m","images":[{"img":"https://static.tigerbbs.com/b6e7a833c5f8d76061846eb56906002a","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904245370","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880815114,"gmtCreate":1631030773038,"gmtModify":1676530448901,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880815114","repostId":"1130130857","repostType":4,"repost":{"id":"1130130857","kind":"news","pubTimestamp":1631007146,"share":"https://ttm.financial/m/news/1130130857?lang=&edition=fundamental","pubTime":"2021-09-07 17:32","market":"us","language":"en","title":"Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=1130130857","media":"Barron's","summary":"What a year this has been for the markets!Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and  a mostly receding pandemic, theS&P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnin","content":"<p>What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&amp;P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.</p>\n<p>Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.</p>\n<p>In other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”</p>\n<p>That’s the general consensus among the six market strategists and chief investment officers whom<i>Barron’s</i>recently consulted. All see the S&amp;P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.</p>\n<p>Next year’s gains look muted, as well, relative to recent trends. The group expects the S&amp;P 500 to tack on another 6% in 2022, rising to about 4800.</p>\n<p><img src=\"https://static.tigerbbs.com/eb61c7b74b9b0f18a019afb4ac44ad59\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">With stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.</p>\n<p>The stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.</p>\n<p>Fed Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”</p>\n<p>The government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/c2cb76c498c1c4c980139e3d0514c261\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">The bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.</p>\n<p>A budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.</p>\n<p><img src=\"https://static.tigerbbs.com/6693da658db16059fc99e08a7531675f\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">Other politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a <a href=\"https://laohu8.com/S/WASH\">Washington</a> shutdown in October.</p>\n<p>For now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.</p>\n<p>Inflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.</p>\n<p>“We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”</p>\n<p>The strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for&nbsp;the bond market—and could be even more so for stocks.</p>\n<p>Rising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&amp;P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.</p>\n<p><img src=\"https://static.tigerbbs.com/e08d24cb421d7cc13debd76a9c6fea01\" tg-width=\"660\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p>\n<p>As long as 10-year Treasury yields stay in the 2% range, the S&amp;P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.</p>\n<p>If yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says&nbsp;<a href=\"https://laohu8.com/S/STT\">State</a> Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”</p>\n<p><img src=\"https://static.tigerbbs.com/93ff6490069ab5dc1b4057f1ff7966f3\" tg-width=\"664\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p>\n<p>Wilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says</p>\n<p>If 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”</p>\n<p>Some P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&amp;P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.</p>\n<p>A potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.</p>\n<p>An increase of that magnitude would shave about 5% off S&amp;P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time event for the market, some strategists predict.</p>\n<p>These concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.</p>\n<blockquote>\n “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets\n</blockquote>\n<p>The State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.</p>\n<p>RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.</p>\n<p>“Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”</p>\n<p>But the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.</p>\n<p>“The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”</p>\n<p><b>A Shopping List for Fall</b></p>\n<p>Most strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.</p>\n<p><img src=\"https://static.tigerbbs.com/a54c4bd114c1a5f7f700d1fc14d30d8e\" tg-width=\"970\" tg-height=\"230\" referrerpolicy=\"no-referrer\"></p>\n<p>Although stocks with quality attributes have outperformed the market this summer, according to a <a href=\"https://laohu8.com/S/BLK\">BlackRock</a> analysis, the quality factor has lagged since positive vaccine news was first reported last November.</p>\n<p>“We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”</p>\n<p>He recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.</p>\n<p>For <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.</p>\n<p>“There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”</p>\n<p>Harvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>(BAC),<a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust(NTRS),Lowe’s(LOW),<a href=\"https://laohu8.com/S/IQV\">IQVIA</a> Holdings(IQV), andMasco(MAS).</p>\n<p>Overall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.</p>\n<p>“We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.</p>\n<p>Cheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.</p>\n<p><a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks also have some fans. “<a href=\"https://laohu8.com/S/HR\">Healthcare</a> has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> analysts and fitting his macro views.</p>\n<p>Nuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.</p>\n<p>Malik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.</p>\n<p>Both stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of <a href=\"https://laohu8.com/S/ABBV\">AbbVie</a>’s most promising post-Humira products.</p>\n<p><a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(PFE),<a href=\"https://laohu8.com/S/AXP\">American Express</a>(AXP),Johnson &amp; Johnson(JNJ), andCisco Systems(CSCO) are other S&amp;P 500 members that pass a<i>Barron’s</i>screen for quality attributes.</p>\n<p>After a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. <a href=\"https://laohu8.com/S/JE\">Just</a> be more selective. And go with quality.</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?</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\">\nStrategists Say the Stock Market Could Struggle This Fall. What to Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-07 17:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&P 500stock index has...</p>\n\n<a href=\"https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130130857","content_text":"What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.\nTailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.\nIn other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”\nThat’s the general consensus among the six market strategists and chief investment officers whomBarron’srecently consulted. All see the S&P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.\nNext year’s gains look muted, as well, relative to recent trends. The group expects the S&P 500 to tack on another 6% in 2022, rising to about 4800.\nWith stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.\nThe stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.\nFed Chairman Jerome Powell has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”\nThe government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.\nThe bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.\nA budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.\nOther politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a Washington shutdown in October.\nFor now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.\nInflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.\n“We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”\nThe strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for the bond market—and could be even more so for stocks.\nRising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.\n\nAs long as 10-year Treasury yields stay in the 2% range, the S&P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.\nIf yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says State Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”\n\nWilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says\nIf 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”\nSome P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.\nA potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.\nAn increase of that magnitude would shave about 5% off S&P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a one-time event for the market, some strategists predict.\nThese concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.\n\n “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets\n\nThe State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.\nRBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.\n“Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”\nBut the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.\n“The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”\nA Shopping List for Fall\nMost strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.\n\nAlthough stocks with quality attributes have outperformed the market this summer, according to a BlackRock analysis, the quality factor has lagged since positive vaccine news was first reported last November.\n“We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”\nHe recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.\nFor Wells Fargo’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.\n“There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”\nHarvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),Bank of America(BAC),Northern Trust(NTRS),Lowe’s(LOW),IQVIA Holdings(IQV), andMasco(MAS).\nOverall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.\n“We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.\nCheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.\nHealthcare stocks also have some fans. “Healthcare has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by Morgan Stanley analysts and fitting his macro views.\nNuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.\nMalik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.\nBoth stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of AbbVie’s most promising post-Humira products.\nPfizer(PFE),American Express(AXP),Johnson & Johnson(JNJ), andCisco Systems(CSCO) are other S&P 500 members that pass aBarron’sscreen for quality attributes.\nAfter a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. Just be more selective. And go with quality.","news_type":1},"isVote":1,"tweetType":1,"viewCount":677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880812737,"gmtCreate":1631030708729,"gmtModify":1676530448893,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880812737","repostId":"817455241","repostType":1,"repost":{"id":817455241,"gmtCreate":1630982859979,"gmtModify":1676530434269,"author":{"id":"3527667596890271","authorId":"3527667596890271","name":"Buy_Sell","avatar":"https://static.tigerbbs.com/a5f0ed79a338c758a22e0b4ea13bf9d2","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667596890271","authorIdStr":"3527667596890271"},"themes":[],"title":"?【9月7日】美股昨夜休市，港股今日高開，今天買什麼？","htmlText":"聊聊今日份的交易想法，包括對於大盤走勢後續的看法？看漲/看跌哪隻股票、曬曬單等等。 港股市場 9月7日訊，港股三大指數集體高開，恆指漲0.17%報26207點，國指漲0.16%報9386點，恆生科技指數漲0.52%報6814點。盤面上，國內煤炭期貨開盤大漲，<a target=\"_blank\" href=\"https://laohu8.com/S/01898\">$中煤能源(01898)$</a> 高開1.75%，<a target=\"_blank\" href=\"https://laohu8.com/S/01088\">$中國神華(01088)$</a> 漲0.9%；內房股、鋁業股表現強勢，<a target=\"_blank\" href=\"https://laohu8.com/S/02600\">$中國鋁業(02600)$</a> 漲超2%；深圳前海合作區大擴容，<a target=\"_blank\" href=\"https://laohu8.com/S/00152\">$深圳國際(00152)$</a> 漲近4%，深圳控股漲超3%；大型科技股普漲，<a target=\"_blank\" href=\"https://laohu8.com/S/03690\">$美團-W(03690)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09888\">$百度集團-SW(09888)$</a> 漲1.4%，騰訊漲1%，<a target=\"_blank\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09618\">$京東集團-SW(09618)$</a> 小幅高開；生物醫藥下跌明顯，電力","listText":"聊聊今日份的交易想法，包括對於大盤走勢後續的看法？看漲/看跌哪隻股票、曬曬單等等。 港股市場 9月7日訊，港股三大指數集體高開，恆指漲0.17%報26207點，國指漲0.16%報9386點，恆生科技指數漲0.52%報6814點。盤面上，國內煤炭期貨開盤大漲，<a target=\"_blank\" href=\"https://laohu8.com/S/01898\">$中煤能源(01898)$</a> 高開1.75%，<a target=\"_blank\" href=\"https://laohu8.com/S/01088\">$中國神華(01088)$</a> 漲0.9%；內房股、鋁業股表現強勢，<a target=\"_blank\" href=\"https://laohu8.com/S/02600\">$中國鋁業(02600)$</a> 漲超2%；深圳前海合作區大擴容，<a target=\"_blank\" href=\"https://laohu8.com/S/00152\">$深圳國際(00152)$</a> 漲近4%，深圳控股漲超3%；大型科技股普漲，<a target=\"_blank\" href=\"https://laohu8.com/S/03690\">$美團-W(03690)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09888\">$百度集團-SW(09888)$</a> 漲1.4%，騰訊漲1%，<a target=\"_blank\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09618\">$京東集團-SW(09618)$</a> 小幅高開；生物醫藥下跌明顯，電力","text":"聊聊今日份的交易想法，包括對於大盤走勢後續的看法？看漲/看跌哪隻股票、曬曬單等等。 港股市場 9月7日訊，港股三大指數集體高開，恆指漲0.17%報26207點，國指漲0.16%報9386點，恆生科技指數漲0.52%報6814點。盤面上，國內煤炭期貨開盤大漲，$中煤能源(01898)$ 高開1.75%，$中國神華(01088)$ 漲0.9%；內房股、鋁業股表現強勢，$中國鋁業(02600)$ 漲超2%；深圳前海合作區大擴容，$深圳國際(00152)$ 漲近4%，深圳控股漲超3%；大型科技股普漲，$美團-W(03690)$ 、$百度集團-SW(09888)$ 漲1.4%，騰訊漲1%，$阿里巴巴-SW(09988)$ 、$京東集團-SW(09618)$ 小幅高開；生物醫藥下跌明顯，電力","images":[{"img":"https://static.tigerbbs.com/8eb78770aab19e4545f8e5f25ed9867a","width":"299","height":"168"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817455241","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"subType":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812474555,"gmtCreate":1630621452677,"gmtModify":1676530356248,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>ok","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>ok","text":"$NIO Inc.(NIO)$ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812474555","isVote":1,"tweetType":1,"viewCount":880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812908161,"gmtCreate":1630544426853,"gmtModify":1676530335032,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812908161","repostId":"2164481914","repostType":4,"repost":{"id":"2164481914","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":1630529217,"share":"https://ttm.financial/m/news/2164481914?lang=&edition=fundamental","pubTime":"2021-09-02 04:46","market":"us","language":"en","title":"Tech stocks send Nasdaq to fresh record close, boost S&P","url":"https://stock-news.laohu8.com/highlight/detail?id=2164481914","media":"Reuters","summary":"Gains for tech stocks, utilities and real estate.\nAugust private jobs growth misses expectations.\nIn","content":"<ul>\n <li>Gains for tech stocks, utilities and real estate.</li>\n <li>August private jobs growth misses expectations.</li>\n <li>Indexes: Dow falls 0.14%, S&amp;P up 0.03%, Nasdaq rises 0.33%.</li>\n</ul>\n<p>Sept 1 (Reuters) - The Nasdaq closed Wednesday at a record high, and the S&amp;P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.</p>\n<p>Technology stocks , which tend to benefit from a low-rate environment, finished higher. Apple Inc rose 0.4% to its second-highest close, and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc , Amazon.com Inc and Google-owner Alphabet Inc all advanced between 0.2% and 0.7%.</p>\n<p>Utilities and real estate - sectors considered as bond-proxies or defensive - were the top performers.</p>\n<p>\"Given there's going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,\" said Chris Graff, co-chief investment officer at RMB Capital.</p>\n<p>Wall Street's main indexes have hit record highs recently, with the benchmark S&amp;P 500 notching seven straight monthly gains as investors shrugged off risks around a rise in new coronavirus infections and hoped for the Fed to remain dovish in its policy stance.</p>\n<p>Each new data release though is viewed by investors through the prism of whether it could push the Fed to taper sooner rather than later.</p>\n<p>A report by ADP, published ahead of the U.S. government's more comprehensive employment report on Friday, showed private employers hired far fewer workers than expected in August.</p>\n<p>Another set of data on Wednesday showed U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.</p>\n<p>\"We've got the jobs report on Friday, but what's become more important is the job openings report next week and the CPI release after that, so a lot about employment and inflation in the next couple of weeks which will reset people's expectations for tapering and interest rates,\" Graff added.</p>\n<p>The Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&amp;P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.</p>\n<p>Falling 1.5% on the day, and down for the third straight session, was the energy index.</p>\n<p>Crude prices were flat after OPEC and its allies agreed to stick to their existing policy of gradual output increases. However, the full extent of damage to U.S. energy infrastructure from Hurricane Ida is still being established&nbsp;More than 80% of oil and gas production in the Gulf of Mexico remains offline, while analysts have warned that restarting Louisiana refineries shut by the storm could take weeks and cost operators tens of millions of dollars in lost revenue.</p>\n<p><a href=\"https://laohu8.com/S/PBF\">PBF Energy</a> Inc , whose 190,000 barrel-per-day Chalmette, Louisiana, refinery lost power following the storm, slumped 6.8% on Wednesday, taking its losses this week to 11.2%.</p>\n<p>Volume on U.S. exchanges was 9.81 billion shares, compared with the 8.99 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stocks send Nasdaq to fresh record close, boost S&P</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech stocks send Nasdaq to fresh record close, boost S&P\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\">2021-09-02 04:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Gains for tech stocks, utilities and real estate.</li>\n <li>August private jobs growth misses expectations.</li>\n <li>Indexes: Dow falls 0.14%, S&amp;P up 0.03%, Nasdaq rises 0.33%.</li>\n</ul>\n<p>Sept 1 (Reuters) - The Nasdaq closed Wednesday at a record high, and the S&amp;P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.</p>\n<p>Technology stocks , which tend to benefit from a low-rate environment, finished higher. Apple Inc rose 0.4% to its second-highest close, and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc , Amazon.com Inc and Google-owner Alphabet Inc all advanced between 0.2% and 0.7%.</p>\n<p>Utilities and real estate - sectors considered as bond-proxies or defensive - were the top performers.</p>\n<p>\"Given there's going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,\" said Chris Graff, co-chief investment officer at RMB Capital.</p>\n<p>Wall Street's main indexes have hit record highs recently, with the benchmark S&amp;P 500 notching seven straight monthly gains as investors shrugged off risks around a rise in new coronavirus infections and hoped for the Fed to remain dovish in its policy stance.</p>\n<p>Each new data release though is viewed by investors through the prism of whether it could push the Fed to taper sooner rather than later.</p>\n<p>A report by ADP, published ahead of the U.S. government's more comprehensive employment report on Friday, showed private employers hired far fewer workers than expected in August.</p>\n<p>Another set of data on Wednesday showed U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.</p>\n<p>\"We've got the jobs report on Friday, but what's become more important is the job openings report next week and the CPI release after that, so a lot about employment and inflation in the next couple of weeks which will reset people's expectations for tapering and interest rates,\" Graff added.</p>\n<p>The Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&amp;P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.</p>\n<p>Falling 1.5% on the day, and down for the third straight session, was the energy index.</p>\n<p>Crude prices were flat after OPEC and its allies agreed to stick to their existing policy of gradual output increases. However, the full extent of damage to U.S. energy infrastructure from Hurricane Ida is still being established&nbsp;More than 80% of oil and gas production in the Gulf of Mexico remains offline, while analysts have warned that restarting Louisiana refineries shut by the storm could take weeks and cost operators tens of millions of dollars in lost revenue.</p>\n<p><a href=\"https://laohu8.com/S/PBF\">PBF Energy</a> Inc , whose 190,000 barrel-per-day Chalmette, Louisiana, refinery lost power following the storm, slumped 6.8% on Wednesday, taking its losses this week to 11.2%.</p>\n<p>Volume on U.S. exchanges was 9.81 billion shares, compared with the 8.99 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164481914","content_text":"Gains for tech stocks, utilities and real estate.\nAugust private jobs growth misses expectations.\nIndexes: Dow falls 0.14%, S&P up 0.03%, Nasdaq rises 0.33%.\n\nSept 1 (Reuters) - The Nasdaq closed Wednesday at a record high, and the S&P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.\nTechnology stocks , which tend to benefit from a low-rate environment, finished higher. Apple Inc rose 0.4% to its second-highest close, and Facebook Inc , Amazon.com Inc and Google-owner Alphabet Inc all advanced between 0.2% and 0.7%.\nUtilities and real estate - sectors considered as bond-proxies or defensive - were the top performers.\n\"Given there's going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,\" said Chris Graff, co-chief investment officer at RMB Capital.\nWall Street's main indexes have hit record highs recently, with the benchmark S&P 500 notching seven straight monthly gains as investors shrugged off risks around a rise in new coronavirus infections and hoped for the Fed to remain dovish in its policy stance.\nEach new data release though is viewed by investors through the prism of whether it could push the Fed to taper sooner rather than later.\nA report by ADP, published ahead of the U.S. government's more comprehensive employment report on Friday, showed private employers hired far fewer workers than expected in August.\nAnother set of data on Wednesday showed U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.\n\"We've got the jobs report on Friday, but what's become more important is the job openings report next week and the CPI release after that, so a lot about employment and inflation in the next couple of weeks which will reset people's expectations for tapering and interest rates,\" Graff added.\nThe Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.\nFalling 1.5% on the day, and down for the third straight session, was the energy index.\nCrude prices were flat after OPEC and its allies agreed to stick to their existing policy of gradual output increases. However, the full extent of damage to U.S. energy infrastructure from Hurricane Ida is still being established More than 80% of oil and gas production in the Gulf of Mexico remains offline, while analysts have warned that restarting Louisiana refineries shut by the storm could take weeks and cost operators tens of millions of dollars in lost revenue.\nPBF Energy Inc , whose 190,000 barrel-per-day Chalmette, Louisiana, refinery lost power following the storm, slumped 6.8% on Wednesday, taking its losses this week to 11.2%.\nVolume on U.S. exchanges was 9.81 billion shares, compared with the 8.99 billion average for the full session over the last 20 trading days.\nThe S&P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows.\n(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)","news_type":1},"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837259890,"gmtCreate":1629895795010,"gmtModify":1676530164880,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837259890","repostId":"1153815600","repostType":4,"repost":{"id":"1153815600","kind":"news","pubTimestamp":1629895634,"share":"https://ttm.financial/m/news/1153815600?lang=&edition=fundamental","pubTime":"2021-08-25 20:47","market":"us","language":"en","title":"Regulators Scrutinize a Robinhood Marketing Ploy: Free Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=1153815600","media":"The Wall Street Journal","summary":"Online broker faces backlash from companies, scrutiny from regulators over cost of delivering proxy ","content":"<p>Online broker faces backlash from companies, scrutiny from regulators over cost of delivering proxy materials to millions of new shareholders</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45c924f22b0ab0dff555780a1ad7754b\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"><span>Robinhood started trading on the Nasdaq stock exchange on July 29.</span></p>\n<p>WASHINGTON—Robinhood MarketsInc.&nbsp;has for years given customers a free share of stock for opening an account or referring friends. The practice could soon cost the online brokerage a lot more money.</p>\n<p>Brokerages like Robinhood are required to deliver proxy materials to a public company’s shareholders ahead of annual meetings. They are then reimbursed by the public company for the cost of distribution.</p>\n<p>This means that Robinhood’s stock giveaways have saddled some companies with larger bills for delivering proxy statements. Now, the practice is sparking a backlash from companies and scrutiny from market regulators.</p>\n<p>One company pushing back is Florida-based drugmaker&nbsp;Catalyst Pharmaceuticals&nbsp;Inc.,which says Robinhood’s program cost it more than $200,000 last year and could be even more expensive this year.</p>\n<p>“Catalyst has become aware that Robinhood has been giving away shares of Catalyst’s common stock at no charge as part of its promotional program,” Catalyst Chief Executive Patrick McEnany wrote in a June comment letter to the Securities and Exchange Commission. “Catalyst believes that there are likely numerous companies facing this same issue, and that the costs of distributing materials to small stockholders under these circumstances is onerous and unreasonable.”</p>\n<p>Following this and other letters, on Aug. 13, the SEC approved a proposed rule change from the New York Stock Exchange that prohibits brokers from seeking reimbursement from companies for delivering proxy materials to investors who received shares from their broker at no cost.</p>\n<p>The new rule won’t immediately affect Robinhood, which isn’t a member of the NYSE.</p>\n<p>But companies are now urging the Financial Industry Regulatory Authority, or Finra, which oversees brokers including Robinhood, to pass a similar rule change.</p>\n<p>“We don’t expect the reimbursement exemption to impact us significantly, even if it were to be adopted by other regulators,” a Robinhood spokesman said. “Customers love our free-stock program and we think it fits squarely into our mission to democratize finance for all.”</p>\n<p>If Finra follows the NYSE’s lead in barring Robinhood from seeking reimbursement, it would be the latest in a string of regulatory actions targeting the fast-growing broker’s business practices.</p>\n<p>Earlier this year, Finra&nbsp;fined Robinhood nearly $70 million&nbsp;to resolve allegations that it misled customers, approved ineligible traders for risky strategies and didn’t supervise technology that failed and locked millions out of trading. Separately, the&nbsp;SEC is reviewing Robinhood’s&nbsp;and other brokers’ practice of sending customers’ stock orders to high-speed trading firms in exchange for cash—a practice known as payment for order flow.</p>\n<p>Last fall, Catalyst learned that the number of people who owned its stock had soared over the previous year to 280,000 from 25,000. The 74-employee company received a bill from a Robinhood service provider for $234,000 to cover the costs of sending out proxy materials to investors ahead of its 2020 shareholder meeting, up from $12,500 in 2019.</p>\n<p>Another company,Marathon Oil&nbsp;Corp., discovered that its shareholder ranks increased nearly 32-fold from 2019 to 2020 and that its proxy-distribution costs were 25 times higher.</p>\n<p>Both companies launched investigations to determine the cause. They found that most of the new investors held tiny stakes through Robinhood.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1473b6a67d91983a0e655acc6b483dc1\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Marathon Oil said its proxy-distribution costs were 25 times higher in 2020 than in 2019.</span></p>\n<p>As one of its main marketing strategies, Robinhood randomly assigns a free share to users who link a bank account for the first time or refer a friend to its app. Robinhood users claimed $78.7 million in shares under the program in 2020, up from $29.4 million in 2019, as its customer base swelled during the coronavirus pandemic.</p>\n<p>While the stocks are selected randomly from Robinhood’s inventory and might be valued as high as $225 a share, customers have a 98% chance of receiving a share priced between $2.50 and $10, the broker says.</p>\n<p>In Marathon’s case, its shareholder ranks surged after its stock price fell to $3.12 from more than $13 between the start of 2020 and late March that year, as the pandemic battered energy companies. In other words, the company said, a falling share price ended up leading to “extraordinarily high” proxy-related costs at a time when it needed to cut expenses.</p>\n<p>“Not long after MRO became aware of this correlation, an MRO employee saw a Facebook advertisement offering free shares of stock upon opening a Robinhood account,” Marathon General Counsel Kim Warnica wrote in an April comment letter to the SEC, using the firm’s ticker symbol. “Additionally, the Corporate Secretary’s office was made aware of two individuals who received a free share of MRO stock as a result of the Robinhood program.”</p>\n<p>Securities lawyers say it is common for Finra to follow the NYSE’s lead on proxy-related issues, given that the exchange hosts a large number of public companies.</p>\n<p>A Finra spokesman said the agency is reviewing the SEC’s decision.</p>\n<p>An SEC spokeswoman declined to comment.</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>Regulators Scrutinize a Robinhood Marketing Ploy: Free Shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRegulators Scrutinize a Robinhood Marketing Ploy: Free Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-25 20:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/regulators-scrutinize-a-robinhood-marketing-ploy-free-shares-11629891014?mod=hp_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Online broker faces backlash from companies, scrutiny from regulators over cost of delivering proxy materials to millions of new shareholders\nRobinhood started trading on the Nasdaq stock exchange on ...</p>\n\n<a href=\"https://www.wsj.com/articles/regulators-scrutinize-a-robinhood-marketing-ploy-free-shares-11629891014?mod=hp_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.wsj.com/articles/regulators-scrutinize-a-robinhood-marketing-ploy-free-shares-11629891014?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153815600","content_text":"Online broker faces backlash from companies, scrutiny from regulators over cost of delivering proxy materials to millions of new shareholders\nRobinhood started trading on the Nasdaq stock exchange on July 29.\nWASHINGTON—Robinhood MarketsInc. has for years given customers a free share of stock for opening an account or referring friends. The practice could soon cost the online brokerage a lot more money.\nBrokerages like Robinhood are required to deliver proxy materials to a public company’s shareholders ahead of annual meetings. They are then reimbursed by the public company for the cost of distribution.\nThis means that Robinhood’s stock giveaways have saddled some companies with larger bills for delivering proxy statements. Now, the practice is sparking a backlash from companies and scrutiny from market regulators.\nOne company pushing back is Florida-based drugmaker Catalyst Pharmaceuticals Inc.,which says Robinhood’s program cost it more than $200,000 last year and could be even more expensive this year.\n“Catalyst has become aware that Robinhood has been giving away shares of Catalyst’s common stock at no charge as part of its promotional program,” Catalyst Chief Executive Patrick McEnany wrote in a June comment letter to the Securities and Exchange Commission. “Catalyst believes that there are likely numerous companies facing this same issue, and that the costs of distributing materials to small stockholders under these circumstances is onerous and unreasonable.”\nFollowing this and other letters, on Aug. 13, the SEC approved a proposed rule change from the New York Stock Exchange that prohibits brokers from seeking reimbursement from companies for delivering proxy materials to investors who received shares from their broker at no cost.\nThe new rule won’t immediately affect Robinhood, which isn’t a member of the NYSE.\nBut companies are now urging the Financial Industry Regulatory Authority, or Finra, which oversees brokers including Robinhood, to pass a similar rule change.\n“We don’t expect the reimbursement exemption to impact us significantly, even if it were to be adopted by other regulators,” a Robinhood spokesman said. “Customers love our free-stock program and we think it fits squarely into our mission to democratize finance for all.”\nIf Finra follows the NYSE’s lead in barring Robinhood from seeking reimbursement, it would be the latest in a string of regulatory actions targeting the fast-growing broker’s business practices.\nEarlier this year, Finra fined Robinhood nearly $70 million to resolve allegations that it misled customers, approved ineligible traders for risky strategies and didn’t supervise technology that failed and locked millions out of trading. Separately, the SEC is reviewing Robinhood’s and other brokers’ practice of sending customers’ stock orders to high-speed trading firms in exchange for cash—a practice known as payment for order flow.\nLast fall, Catalyst learned that the number of people who owned its stock had soared over the previous year to 280,000 from 25,000. The 74-employee company received a bill from a Robinhood service provider for $234,000 to cover the costs of sending out proxy materials to investors ahead of its 2020 shareholder meeting, up from $12,500 in 2019.\nAnother company,Marathon Oil Corp., discovered that its shareholder ranks increased nearly 32-fold from 2019 to 2020 and that its proxy-distribution costs were 25 times higher.\nBoth companies launched investigations to determine the cause. They found that most of the new investors held tiny stakes through Robinhood.\nMarathon Oil said its proxy-distribution costs were 25 times higher in 2020 than in 2019.\nAs one of its main marketing strategies, Robinhood randomly assigns a free share to users who link a bank account for the first time or refer a friend to its app. Robinhood users claimed $78.7 million in shares under the program in 2020, up from $29.4 million in 2019, as its customer base swelled during the coronavirus pandemic.\nWhile the stocks are selected randomly from Robinhood’s inventory and might be valued as high as $225 a share, customers have a 98% chance of receiving a share priced between $2.50 and $10, the broker says.\nIn Marathon’s case, its shareholder ranks surged after its stock price fell to $3.12 from more than $13 between the start of 2020 and late March that year, as the pandemic battered energy companies. In other words, the company said, a falling share price ended up leading to “extraordinarily high” proxy-related costs at a time when it needed to cut expenses.\n“Not long after MRO became aware of this correlation, an MRO employee saw a Facebook advertisement offering free shares of stock upon opening a Robinhood account,” Marathon General Counsel Kim Warnica wrote in an April comment letter to the SEC, using the firm’s ticker symbol. “Additionally, the Corporate Secretary’s office was made aware of two individuals who received a free share of MRO stock as a result of the Robinhood program.”\nSecurities lawyers say it is common for Finra to follow the NYSE’s lead on proxy-related issues, given that the exchange hosts a large number of public companies.\nA Finra spokesman said the agency is reviewing the SEC’s decision.\nAn SEC spokeswoman declined to comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":576,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832572518,"gmtCreate":1629673282434,"gmtModify":1676530088298,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832572518","repostId":"894634845","repostType":1,"repost":{"id":894634845,"gmtCreate":1628820872387,"gmtModify":1676529865409,"author":{"id":"3581929836617050","authorId":"3581929836617050","name":"JQJQ","avatar":"https://community-static.tradeup.com/news/845141bd57e8236ea8f40273531a9ea9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581929836617050","authorIdStr":"3581929836617050"},"themes":[],"htmlText":"This is a reliable stock to be placed in your portfolio if you are looking for stable stock. High potential with rooms for growth. Be ready to see the massive potentials that gonna be unlock as part of the smart nation initiatives.&nbsp;","listText":"This is a reliable stock to be placed in your portfolio if you are looking for stable stock. High potential with rooms for growth. Be ready to see the massive potentials that gonna be unlock as part of the smart nation initiatives.&nbsp;","text":"This is a reliable stock to be placed in your portfolio if you are looking for stable stock. High potential with rooms for growth. Be ready to see the massive potentials that gonna be unlock as part of the smart nation initiatives.","images":[{"img":"https://static.tigerbbs.com/07f257e4061f65906c57770062263b21","width":"1080","height":"2126"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894634845","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832861895,"gmtCreate":1629607259417,"gmtModify":1676530078997,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832861895","repostId":"2161741742","repostType":4,"repost":{"id":"2161741742","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":1629590400,"share":"https://ttm.financial/m/news/2161741742?lang=&edition=fundamental","pubTime":"2021-08-22 08:00","market":"us","language":"en","title":"Wall Street ignores these 'orphan' stocks, but they've beaten the S&P 500 over 20 years","url":"https://stock-news.laohu8.com/highlight/detail?id=2161741742","media":"Dow Jones","summary":"A business might be considered boring, but a solid operator can make owners of its stock a lot of mo","content":"<blockquote>\n A business might be considered boring, but a solid operator can make owners of its stock a lot of money while flying under the radar.\n</blockquote>\n<p>Wall Street is in the business of selling stocks. But it ignores some of them, and some of the \"orphan stocks\" ignored by analysts have been incredible long-term performers.</p>\n<p>When an investment bank (which is probably also a brokerage firm) underwrites a new offering of stock, it has the job of selling those shares to investors. Later on, analysts working for brokerage firms continue to cover the stocks and rate them based on earnings estimates and share-price targets.</p>\n<p>In his CWS Market Review newsletter on Aug. 17, Eddy Elfenbein mentioned Nathan's Famous Inc. <a href=\"https://laohu8.com/S/NATH\">$(NATH)$</a> as an example of a stock \"that is up more than 35-fold in the last 20 years\" while being overlooked by Wall Street.</p>\n<p>Elfenbein listed other of his favorite orphans, such as Atrion Corp <a href=\"https://laohu8.com/S/ATRI\">$(ATRI)$</a>., which makes fluid delivery equipment used for various medical applications, and <a href=\"https://laohu8.com/S/CCF\">Chase Corp</a>. (CCF), which manufactures various protective materials.</p>\n<p>All three are included in the list below.</p>\n<p>Since an orphaned stock isn't covered by analysts, no estimates for sales or earnings are available.</p>\n<p>A few caveats:</p>\n<p>An orphan stock screen</p>\n<p>To identify a list of orphan stocks with excellent 20-year performance records, we began with the components of the Russell 3000 Index , which represents 98% of stocks traded in the U.S. Specifically, we started with the components of the Vanguard Russell 3000 ETF <a href=\"https://laohu8.com/S/VTHR\">$(VTHR)$</a>, which tracks the index by holding all of its component stocks.</p>\n<p>Among the Russel 3000, there are 118 orphan stocks not covered by any analysts polled by FactSet.</p>\n<p>Among those 118 orphan stocks, 74 have traded for at least 20 years, and 34 of those have beaten the 20-year return of the S&amp;P 500 Index . Eight have beaten the index over 5, 10 and 15 years as well, and they are bolded in the table.</p>\n<p>Here are the 74, listed by 20-year total return with dividends reinvested. Their market values range from less than $200 million to $12.8 billion. At the bottom of the table are figures for the S&amp;P 500:</p>\n<table>\n <tbody>\n  <tr>\n   <td>Company</td>\n   <td>Return -- 20 Years</td>\n   <td>Return -- 15 Years</td>\n   <td>Return -- 10 Years</td>\n   <td>Return -- 5 Years</td>\n   <td>Market cap. ($mil)</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/DHIL\">Diamond Hill Investment Group</a> Inc. BRDG</td>\n   <td>8905%</td>\n   <td>783%</td>\n   <td>319%</td>\n   <td>21%</td>\n   <td>$571</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/NEU\">NewMarket</a> Corp. NEU</td>\n   <td>7532%</td>\n   <td>723%</td>\n   <td>188%</td>\n   <td>-13%</td>\n   <td>$3,733</td>\n  </tr>\n  <tr>\n   <td>EVI Industries Inc. EVI</td>\n   <td>6722%</td>\n   <td>2511%</td>\n   <td>3556%</td>\n   <td>428%</td>\n   <td>$300</td>\n  </tr>\n  <tr>\n   <td>Atrion Corp. ATRI</td>\n   <td>3783%</td>\n   <td>1065%</td>\n   <td>292%</td>\n   <td>56%</td>\n   <td>$1,198</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/UHAL\">Amerco</a> UHAL</td>\n   <td>3742%</td>\n   <td>902%</td>\n   <td>871%</td>\n   <td>92%</td>\n   <td>$12,806</td>\n  </tr>\n  <tr>\n   <td>Nathan's Famous Inc. NATH</td>\n   <td>3472%</td>\n   <td>843%</td>\n   <td>519%</td>\n   <td>61%</td>\n   <td>$284</td>\n  </tr>\n  <tr>\n   <td>Winmark Corp. WINA</td>\n   <td>3231%</td>\n   <td>835%</td>\n   <td>439%</td>\n   <td>113%</td>\n   <td>$728</td>\n  </tr>\n  <tr>\n   <td>U.S. Lime &amp; Minerals Inc. USLM</td>\n   <td>2730%</td>\n   <td>382%</td>\n   <td>304%</td>\n   <td>154%</td>\n   <td>$832</td>\n  </tr>\n  <tr>\n   <td>Chase Corp. CCF</td>\n   <td>2616%</td>\n   <td>1645%</td>\n   <td>936%</td>\n   <td>97%</td>\n   <td>$1,093</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/TCX\">Tucows</a> Inc. TCX</td>\n   <td>2223%</td>\n   <td>1920%</td>\n   <td>2395%</td>\n   <td>179%</td>\n   <td>$793</td>\n  </tr>\n  <tr>\n   <td>Hingham Institution for Savings HIFS</td>\n   <td>1837%</td>\n   <td>958%</td>\n   <td>532%</td>\n   <td>137%</td>\n   <td>$639</td>\n  </tr>\n  <tr>\n   <td>RCI Hospitality Holdings Inc. RICK</td>\n   <td>1788%</td>\n   <td>844%</td>\n   <td>734%</td>\n   <td>489%</td>\n   <td>$557</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/CRVL\">CorVel Corp</a>. CRVL</td>\n   <td>1631%</td>\n   <td>1492%</td>\n   <td>626%</td>\n   <td>282%</td>\n   <td>$2,742</td>\n  </tr>\n  <tr>\n   <td>Investors Title Co. ITIC</td>\n   <td>1547%</td>\n   <td>490%</td>\n   <td>615%</td>\n   <td>153%</td>\n   <td>$360</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/SEB\">Seaboard Corp</a>. SEB</td>\n   <td>1515%</td>\n   <td>203%</td>\n   <td>82%</td>\n   <td>34%</td>\n   <td>$4,798</td>\n  </tr>\n  <tr>\n   <td>NVE Corp. NVEC</td>\n   <td>1489%</td>\n   <td>323%</td>\n   <td>82%</td>\n   <td>57%</td>\n   <td>$331</td>\n  </tr>\n  <tr>\n   <td>Cass Information Systems Inc. CASS</td>\n   <td>1356%</td>\n   <td>216%</td>\n   <td>136%</td>\n   <td>21%</td>\n   <td>$632</td>\n  </tr>\n  <tr>\n   <td>FRP Holdings Inc. FRPH</td>\n   <td>1113%</td>\n   <td>248%</td>\n   <td>246%</td>\n   <td>77%</td>\n   <td>$539</td>\n  </tr>\n  <tr>\n   <td>Daily Journal Corp. DJCO</td>\n   <td>977%</td>\n   <td>726%</td>\n   <td>337%</td>\n   <td>37%</td>\n   <td>$433</td>\n  </tr>\n  <tr>\n   <td>Utah Medical Products Inc. UTMD</td>\n   <td>963%</td>\n   <td>321%</td>\n   <td>309%</td>\n   <td>50%</td>\n   <td>$321</td>\n  </tr>\n  <tr>\n   <td>Ingles Markets Inc. Class A IMKTA</td>\n   <td>957%</td>\n   <td>332%</td>\n   <td>472%</td>\n   <td>93%</td>\n   <td>$923</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MLR\">Miller Industries Inc</a>. MLR</td>\n   <td>956%</td>\n   <td>157%</td>\n   <td>178%</td>\n   <td>104%</td>\n   <td>$431</td>\n  </tr>\n  <tr>\n   <td>Marine Products Corp. MPX</td>\n   <td>950%</td>\n   <td>124%</td>\n   <td>267%</td>\n   <td>85%</td>\n   <td>$453</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/NPK\">National Presto Industries Inc</a>. NPK</td>\n   <td>918%</td>\n   <td>365%</td>\n   <td>81%</td>\n   <td>29%</td>\n   <td>$625</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/VHC\">VirnetX Holding</a> Corp. VHC</td>\n   <td>899%</td>\n   <td>1053%</td>\n   <td>-80%</td>\n   <td>56%</td>\n   <td>$252</td>\n  </tr>\n  <tr>\n   <td>First Bancorp Inc. FNLC</td>\n   <td>884%</td>\n   <td>235%</td>\n   <td>247%</td>\n   <td>77%</td>\n   <td>$326</td>\n  </tr>\n  <tr>\n   <td>Oil-Dri Corp. of America ODC</td>\n   <td>875%</td>\n   <td>254%</td>\n   <td>150%</td>\n   <td>8%</td>\n   <td>$185</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/VLGEA\">Village Super Market</a> Inc. Class A VLGEA</td>\n   <td>801%</td>\n   <td>166%</td>\n   <td>32%</td>\n   <td>-11%</td>\n   <td>$234</td>\n  </tr>\n  <tr>\n   <td>Pure Cycle Corp. PCYO</td>\n   <td>741%</td>\n   <td>59%</td>\n   <td>329%</td>\n   <td>213%</td>\n   <td>$342</td>\n  </tr>\n  <tr>\n   <td>Universal Health Realty Income Trust UHT</td>\n   <td>709%</td>\n   <td>267%</td>\n   <td>156%</td>\n   <td>15%</td>\n   <td>$796</td>\n  </tr>\n  <tr>\n   <td>IDT Corp. Class B IDT</td>\n   <td>617%</td>\n   <td>525%</td>\n   <td>971%</td>\n   <td>356%</td>\n   <td>$1,167</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/PTSI\">P.A.M. Transportation Services</a> Inc. PTSI</td>\n   <td>614%</td>\n   <td>185%</td>\n   <td>716%</td>\n   <td>269%</td>\n   <td>$392</td>\n  </tr>\n  <tr>\n   <td>Century Bancorp Inc. Class A CNBKA</td>\n   <td>568%</td>\n   <td>450%</td>\n   <td>405%</td>\n   <td>171%</td>\n   <td>$419</td>\n  </tr>\n  <tr>\n   <td>Flexsteel Industries Inc. FLXS</td>\n   <td>488%</td>\n   <td>331%</td>\n   <td>224%</td>\n   <td>-4%</td>\n   <td>$252</td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500 IndexSPX</td>\n   <td>469%</td>\n   <td>367%</td>\n   <td>356%</td>\n   <td>124%</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet</td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<p>You can click on the tickers for more about each company, including business profiles and trailing price-to-earnings ratios (since consensus earnings estimates that drive forward P/E ratios aren't available). For comparison, the trailing P/E for the S&amp;P 500 is 25.</p>\n<p>The largest company on the list by market cap is Amerco (UHAL), which rents moving vehicles and equipment through company-owned U-Haul stores and through stores owned by independent dealers.</p>\n<p>If you see any stocks on the list that interest you, homework is in order. No estimates are available to help you consider how rapidly a company may increase its sales or earnings from here. So read up, consider a company's business strategy and form your own opinion about how likely it is to remain competitive over the next decade or two.</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>Wall Street ignores these 'orphan' stocks, but they've beaten the S&P 500 over 20 years</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\">\nWall Street ignores these 'orphan' stocks, but they've beaten the S&P 500 over 20 years\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\">2021-08-22 08:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n A business might be considered boring, but a solid operator can make owners of its stock a lot of money while flying under the radar.\n</blockquote>\n<p>Wall Street is in the business of selling stocks. But it ignores some of them, and some of the \"orphan stocks\" ignored by analysts have been incredible long-term performers.</p>\n<p>When an investment bank (which is probably also a brokerage firm) underwrites a new offering of stock, it has the job of selling those shares to investors. Later on, analysts working for brokerage firms continue to cover the stocks and rate them based on earnings estimates and share-price targets.</p>\n<p>In his CWS Market Review newsletter on Aug. 17, Eddy Elfenbein mentioned Nathan's Famous Inc. <a href=\"https://laohu8.com/S/NATH\">$(NATH)$</a> as an example of a stock \"that is up more than 35-fold in the last 20 years\" while being overlooked by Wall Street.</p>\n<p>Elfenbein listed other of his favorite orphans, such as Atrion Corp <a href=\"https://laohu8.com/S/ATRI\">$(ATRI)$</a>., which makes fluid delivery equipment used for various medical applications, and <a href=\"https://laohu8.com/S/CCF\">Chase Corp</a>. (CCF), which manufactures various protective materials.</p>\n<p>All three are included in the list below.</p>\n<p>Since an orphaned stock isn't covered by analysts, no estimates for sales or earnings are available.</p>\n<p>A few caveats:</p>\n<p>An orphan stock screen</p>\n<p>To identify a list of orphan stocks with excellent 20-year performance records, we began with the components of the Russell 3000 Index , which represents 98% of stocks traded in the U.S. Specifically, we started with the components of the Vanguard Russell 3000 ETF <a href=\"https://laohu8.com/S/VTHR\">$(VTHR)$</a>, which tracks the index by holding all of its component stocks.</p>\n<p>Among the Russel 3000, there are 118 orphan stocks not covered by any analysts polled by FactSet.</p>\n<p>Among those 118 orphan stocks, 74 have traded for at least 20 years, and 34 of those have beaten the 20-year return of the S&amp;P 500 Index . Eight have beaten the index over 5, 10 and 15 years as well, and they are bolded in the table.</p>\n<p>Here are the 74, listed by 20-year total return with dividends reinvested. Their market values range from less than $200 million to $12.8 billion. At the bottom of the table are figures for the S&amp;P 500:</p>\n<table>\n <tbody>\n  <tr>\n   <td>Company</td>\n   <td>Return -- 20 Years</td>\n   <td>Return -- 15 Years</td>\n   <td>Return -- 10 Years</td>\n   <td>Return -- 5 Years</td>\n   <td>Market cap. ($mil)</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/DHIL\">Diamond Hill Investment Group</a> Inc. BRDG</td>\n   <td>8905%</td>\n   <td>783%</td>\n   <td>319%</td>\n   <td>21%</td>\n   <td>$571</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/NEU\">NewMarket</a> Corp. NEU</td>\n   <td>7532%</td>\n   <td>723%</td>\n   <td>188%</td>\n   <td>-13%</td>\n   <td>$3,733</td>\n  </tr>\n  <tr>\n   <td>EVI Industries Inc. EVI</td>\n   <td>6722%</td>\n   <td>2511%</td>\n   <td>3556%</td>\n   <td>428%</td>\n   <td>$300</td>\n  </tr>\n  <tr>\n   <td>Atrion Corp. ATRI</td>\n   <td>3783%</td>\n   <td>1065%</td>\n   <td>292%</td>\n   <td>56%</td>\n   <td>$1,198</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/UHAL\">Amerco</a> UHAL</td>\n   <td>3742%</td>\n   <td>902%</td>\n   <td>871%</td>\n   <td>92%</td>\n   <td>$12,806</td>\n  </tr>\n  <tr>\n   <td>Nathan's Famous Inc. NATH</td>\n   <td>3472%</td>\n   <td>843%</td>\n   <td>519%</td>\n   <td>61%</td>\n   <td>$284</td>\n  </tr>\n  <tr>\n   <td>Winmark Corp. WINA</td>\n   <td>3231%</td>\n   <td>835%</td>\n   <td>439%</td>\n   <td>113%</td>\n   <td>$728</td>\n  </tr>\n  <tr>\n   <td>U.S. Lime &amp; Minerals Inc. USLM</td>\n   <td>2730%</td>\n   <td>382%</td>\n   <td>304%</td>\n   <td>154%</td>\n   <td>$832</td>\n  </tr>\n  <tr>\n   <td>Chase Corp. CCF</td>\n   <td>2616%</td>\n   <td>1645%</td>\n   <td>936%</td>\n   <td>97%</td>\n   <td>$1,093</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/TCX\">Tucows</a> Inc. TCX</td>\n   <td>2223%</td>\n   <td>1920%</td>\n   <td>2395%</td>\n   <td>179%</td>\n   <td>$793</td>\n  </tr>\n  <tr>\n   <td>Hingham Institution for Savings HIFS</td>\n   <td>1837%</td>\n   <td>958%</td>\n   <td>532%</td>\n   <td>137%</td>\n   <td>$639</td>\n  </tr>\n  <tr>\n   <td>RCI Hospitality Holdings Inc. RICK</td>\n   <td>1788%</td>\n   <td>844%</td>\n   <td>734%</td>\n   <td>489%</td>\n   <td>$557</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/CRVL\">CorVel Corp</a>. CRVL</td>\n   <td>1631%</td>\n   <td>1492%</td>\n   <td>626%</td>\n   <td>282%</td>\n   <td>$2,742</td>\n  </tr>\n  <tr>\n   <td>Investors Title Co. ITIC</td>\n   <td>1547%</td>\n   <td>490%</td>\n   <td>615%</td>\n   <td>153%</td>\n   <td>$360</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/SEB\">Seaboard Corp</a>. SEB</td>\n   <td>1515%</td>\n   <td>203%</td>\n   <td>82%</td>\n   <td>34%</td>\n   <td>$4,798</td>\n  </tr>\n  <tr>\n   <td>NVE Corp. NVEC</td>\n   <td>1489%</td>\n   <td>323%</td>\n   <td>82%</td>\n   <td>57%</td>\n   <td>$331</td>\n  </tr>\n  <tr>\n   <td>Cass Information Systems Inc. CASS</td>\n   <td>1356%</td>\n   <td>216%</td>\n   <td>136%</td>\n   <td>21%</td>\n   <td>$632</td>\n  </tr>\n  <tr>\n   <td>FRP Holdings Inc. FRPH</td>\n   <td>1113%</td>\n   <td>248%</td>\n   <td>246%</td>\n   <td>77%</td>\n   <td>$539</td>\n  </tr>\n  <tr>\n   <td>Daily Journal Corp. DJCO</td>\n   <td>977%</td>\n   <td>726%</td>\n   <td>337%</td>\n   <td>37%</td>\n   <td>$433</td>\n  </tr>\n  <tr>\n   <td>Utah Medical Products Inc. UTMD</td>\n   <td>963%</td>\n   <td>321%</td>\n   <td>309%</td>\n   <td>50%</td>\n   <td>$321</td>\n  </tr>\n  <tr>\n   <td>Ingles Markets Inc. Class A IMKTA</td>\n   <td>957%</td>\n   <td>332%</td>\n   <td>472%</td>\n   <td>93%</td>\n   <td>$923</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MLR\">Miller Industries Inc</a>. MLR</td>\n   <td>956%</td>\n   <td>157%</td>\n   <td>178%</td>\n   <td>104%</td>\n   <td>$431</td>\n  </tr>\n  <tr>\n   <td>Marine Products Corp. MPX</td>\n   <td>950%</td>\n   <td>124%</td>\n   <td>267%</td>\n   <td>85%</td>\n   <td>$453</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/NPK\">National Presto Industries Inc</a>. NPK</td>\n   <td>918%</td>\n   <td>365%</td>\n   <td>81%</td>\n   <td>29%</td>\n   <td>$625</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/VHC\">VirnetX Holding</a> Corp. VHC</td>\n   <td>899%</td>\n   <td>1053%</td>\n   <td>-80%</td>\n   <td>56%</td>\n   <td>$252</td>\n  </tr>\n  <tr>\n   <td>First Bancorp Inc. FNLC</td>\n   <td>884%</td>\n   <td>235%</td>\n   <td>247%</td>\n   <td>77%</td>\n   <td>$326</td>\n  </tr>\n  <tr>\n   <td>Oil-Dri Corp. of America ODC</td>\n   <td>875%</td>\n   <td>254%</td>\n   <td>150%</td>\n   <td>8%</td>\n   <td>$185</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/VLGEA\">Village Super Market</a> Inc. Class A VLGEA</td>\n   <td>801%</td>\n   <td>166%</td>\n   <td>32%</td>\n   <td>-11%</td>\n   <td>$234</td>\n  </tr>\n  <tr>\n   <td>Pure Cycle Corp. PCYO</td>\n   <td>741%</td>\n   <td>59%</td>\n   <td>329%</td>\n   <td>213%</td>\n   <td>$342</td>\n  </tr>\n  <tr>\n   <td>Universal Health Realty Income Trust UHT</td>\n   <td>709%</td>\n   <td>267%</td>\n   <td>156%</td>\n   <td>15%</td>\n   <td>$796</td>\n  </tr>\n  <tr>\n   <td>IDT Corp. Class B IDT</td>\n   <td>617%</td>\n   <td>525%</td>\n   <td>971%</td>\n   <td>356%</td>\n   <td>$1,167</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/PTSI\">P.A.M. Transportation Services</a> Inc. PTSI</td>\n   <td>614%</td>\n   <td>185%</td>\n   <td>716%</td>\n   <td>269%</td>\n   <td>$392</td>\n  </tr>\n  <tr>\n   <td>Century Bancorp Inc. Class A CNBKA</td>\n   <td>568%</td>\n   <td>450%</td>\n   <td>405%</td>\n   <td>171%</td>\n   <td>$419</td>\n  </tr>\n  <tr>\n   <td>Flexsteel Industries Inc. FLXS</td>\n   <td>488%</td>\n   <td>331%</td>\n   <td>224%</td>\n   <td>-4%</td>\n   <td>$252</td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500 IndexSPX</td>\n   <td>469%</td>\n   <td>367%</td>\n   <td>356%</td>\n   <td>124%</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet</td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<p>You can click on the tickers for more about each company, including business profiles and trailing price-to-earnings ratios (since consensus earnings estimates that drive forward P/E ratios aren't available). For comparison, the trailing P/E for the S&amp;P 500 is 25.</p>\n<p>The largest company on the list by market cap is Amerco (UHAL), which rents moving vehicles and equipment through company-owned U-Haul stores and through stores owned by independent dealers.</p>\n<p>If you see any stocks on the list that interest you, homework is in order. No estimates are available to help you consider how rapidly a company may increase its sales or earnings from here. So read up, consider a company's business strategy and form your own opinion about how likely it is to remain competitive over the next decade or two.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","NATH":"Nathan’s Famous","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","IDT":"万威","WINA":"威玛克工贸有限公司",".SPX":"S&P 500 Index","OEX":"标普100","SPXU":"三倍做空标普500ETF","SDS":"两倍做空标普500ETF","IVV":"标普500指数ETF","UPRO":"三倍做多标普500ETF","ATRI":"Atrion公司公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2161741742","content_text":"A business might be considered boring, but a solid operator can make owners of its stock a lot of money while flying under the radar.\n\nWall Street is in the business of selling stocks. But it ignores some of them, and some of the \"orphan stocks\" ignored by analysts have been incredible long-term performers.\nWhen an investment bank (which is probably also a brokerage firm) underwrites a new offering of stock, it has the job of selling those shares to investors. Later on, analysts working for brokerage firms continue to cover the stocks and rate them based on earnings estimates and share-price targets.\nIn his CWS Market Review newsletter on Aug. 17, Eddy Elfenbein mentioned Nathan's Famous Inc. $(NATH)$ as an example of a stock \"that is up more than 35-fold in the last 20 years\" while being overlooked by Wall Street.\nElfenbein listed other of his favorite orphans, such as Atrion Corp $(ATRI)$., which makes fluid delivery equipment used for various medical applications, and Chase Corp. (CCF), which manufactures various protective materials.\nAll three are included in the list below.\nSince an orphaned stock isn't covered by analysts, no estimates for sales or earnings are available.\nA few caveats:\nAn orphan stock screen\nTo identify a list of orphan stocks with excellent 20-year performance records, we began with the components of the Russell 3000 Index , which represents 98% of stocks traded in the U.S. Specifically, we started with the components of the Vanguard Russell 3000 ETF $(VTHR)$, which tracks the index by holding all of its component stocks.\nAmong the Russel 3000, there are 118 orphan stocks not covered by any analysts polled by FactSet.\nAmong those 118 orphan stocks, 74 have traded for at least 20 years, and 34 of those have beaten the 20-year return of the S&P 500 Index . Eight have beaten the index over 5, 10 and 15 years as well, and they are bolded in the table.\nHere are the 74, listed by 20-year total return with dividends reinvested. Their market values range from less than $200 million to $12.8 billion. At the bottom of the table are figures for the S&P 500:\n\n\n\nCompany\nReturn -- 20 Years\nReturn -- 15 Years\nReturn -- 10 Years\nReturn -- 5 Years\nMarket cap. ($mil)\n\n\nDiamond Hill Investment Group Inc. BRDG\n8905%\n783%\n319%\n21%\n$571\n\n\nNewMarket Corp. NEU\n7532%\n723%\n188%\n-13%\n$3,733\n\n\nEVI Industries Inc. EVI\n6722%\n2511%\n3556%\n428%\n$300\n\n\nAtrion Corp. ATRI\n3783%\n1065%\n292%\n56%\n$1,198\n\n\nAmerco UHAL\n3742%\n902%\n871%\n92%\n$12,806\n\n\nNathan's Famous Inc. NATH\n3472%\n843%\n519%\n61%\n$284\n\n\nWinmark Corp. WINA\n3231%\n835%\n439%\n113%\n$728\n\n\nU.S. Lime & Minerals Inc. USLM\n2730%\n382%\n304%\n154%\n$832\n\n\nChase Corp. CCF\n2616%\n1645%\n936%\n97%\n$1,093\n\n\nTucows Inc. TCX\n2223%\n1920%\n2395%\n179%\n$793\n\n\nHingham Institution for Savings HIFS\n1837%\n958%\n532%\n137%\n$639\n\n\nRCI Hospitality Holdings Inc. RICK\n1788%\n844%\n734%\n489%\n$557\n\n\nCorVel Corp. CRVL\n1631%\n1492%\n626%\n282%\n$2,742\n\n\nInvestors Title Co. ITIC\n1547%\n490%\n615%\n153%\n$360\n\n\nSeaboard Corp. SEB\n1515%\n203%\n82%\n34%\n$4,798\n\n\nNVE Corp. NVEC\n1489%\n323%\n82%\n57%\n$331\n\n\nCass Information Systems Inc. CASS\n1356%\n216%\n136%\n21%\n$632\n\n\nFRP Holdings Inc. FRPH\n1113%\n248%\n246%\n77%\n$539\n\n\nDaily Journal Corp. DJCO\n977%\n726%\n337%\n37%\n$433\n\n\nUtah Medical Products Inc. UTMD\n963%\n321%\n309%\n50%\n$321\n\n\nIngles Markets Inc. Class A IMKTA\n957%\n332%\n472%\n93%\n$923\n\n\nMiller Industries Inc. MLR\n956%\n157%\n178%\n104%\n$431\n\n\nMarine Products Corp. MPX\n950%\n124%\n267%\n85%\n$453\n\n\nNational Presto Industries Inc. NPK\n918%\n365%\n81%\n29%\n$625\n\n\nVirnetX Holding Corp. VHC\n899%\n1053%\n-80%\n56%\n$252\n\n\nFirst Bancorp Inc. FNLC\n884%\n235%\n247%\n77%\n$326\n\n\nOil-Dri Corp. of America ODC\n875%\n254%\n150%\n8%\n$185\n\n\nVillage Super Market Inc. Class A VLGEA\n801%\n166%\n32%\n-11%\n$234\n\n\nPure Cycle Corp. PCYO\n741%\n59%\n329%\n213%\n$342\n\n\nUniversal Health Realty Income Trust UHT\n709%\n267%\n156%\n15%\n$796\n\n\nIDT Corp. Class B IDT\n617%\n525%\n971%\n356%\n$1,167\n\n\nP.A.M. Transportation Services Inc. PTSI\n614%\n185%\n716%\n269%\n$392\n\n\nCentury Bancorp Inc. Class A CNBKA\n568%\n450%\n405%\n171%\n$419\n\n\nFlexsteel Industries Inc. FLXS\n488%\n331%\n224%\n-4%\n$252\n\n\nS&P 500 IndexSPX\n469%\n367%\n356%\n124%\n\n\n\nSource: FactSet\n\n\n\n\n\n\n\n\nYou can click on the tickers for more about each company, including business profiles and trailing price-to-earnings ratios (since consensus earnings estimates that drive forward P/E ratios aren't available). For comparison, the trailing P/E for the S&P 500 is 25.\nThe largest company on the list by market cap is Amerco (UHAL), which rents moving vehicles and equipment through company-owned U-Haul stores and through stores owned by independent dealers.\nIf you see any stocks on the list that interest you, homework is in order. No estimates are available to help you consider how rapidly a company may increase its sales or earnings from here. So read up, consider a company's business strategy and form your own opinion about how likely it is to remain competitive over the next decade or two.","news_type":1},"isVote":1,"tweetType":1,"viewCount":947,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897540878,"gmtCreate":1628949027094,"gmtModify":1676529898411,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897540878","repostId":"2159321505","repostType":4,"repost":{"id":"2159321505","kind":"highlight","pubTimestamp":1628911811,"share":"https://ttm.financial/m/news/2159321505?lang=&edition=fundamental","pubTime":"2021-08-14 11:30","market":"us","language":"en","title":"Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2159321505","media":"MarketWatch","summary":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. ","content":"<p>Board members would serve for two years rather than three</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abc701f141f0c0044cabe912e510fe2e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Tesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES</span></p>\n<p>Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.</p>\n<p>One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s&nbsp;board currently has nine members who are divided into three classes in staggered three-year terms.</p>\n<p>If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the&nbsp;filing.</p>\n<p>The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.</p>\n<p>Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp&nbsp;founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.</p>\n<p>Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.</p>\n<p>The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.</p>\n<p>Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&amp;P 500 index.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla seeks to reduce board members’ terms, make other changes in October shareholder meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES\nTesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., ...</p>\n\n<a href=\"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159321505","content_text":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES\nTesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.\nOne of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.\nIf the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.\nThe board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.\nTesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.\nTesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.\nThe two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.\nTesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897095730,"gmtCreate":1628862081220,"gmtModify":1676529878293,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897095730","repostId":"1115837306","repostType":4,"isVote":1,"tweetType":1,"viewCount":478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895763363,"gmtCreate":1628774289752,"gmtModify":1676529849702,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"9k","listText":"9k","text":"9k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895763363","repostId":"2158579452","repostType":4,"repost":{"id":"2158579452","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":1628773920,"share":"https://ttm.financial/m/news/2158579452?lang=&edition=fundamental","pubTime":"2021-08-12 21:12","market":"us","language":"en","title":"Banks take steps to reduce potential cloud computing risks, Google survey","url":"https://stock-news.laohu8.com/highlight/detail?id=2158579452","media":"Reuters","summary":"LONDON, Aug 12 (Reuters) - Banks are taking steps to mitigate risks from their increasing use of ext","content":"<p>LONDON, Aug 12 (Reuters) - Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris Poll and Google Cloud&nbsp;said on Thursday.</p>\n<p>The Bank of England and the Bank of France have expressed concerns about a lack of transparency in how banks rely on a \"concentrated\" number of outside cloud computing providers like Google, Microsoft and Amazon which are beyond the arm of the regulators.</p>\n<p>Regulators are worried that reliance by many banks on the same providers could create systemic risk if <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the cloud companies were to go down.</p>\n<p>The survey of 1,300 leaders in financial services from the United States, Canada, France, Germany, Britain, Hong Kong, Japan, Singapore and Australia showed that 83% were using the cloud as part of their primary computing infrastructure.</p>\n<p>The bulk of the companies are also considering adopting a multicloud strategy, the survey said, which would allow a bank to switch to an alternative provider if there is an outage to avoid an interruption of services for customers.</p>\n<p>\"Based on the Harris survey, it is clear that financial institutions are taking actions to solve concentration or vendor lock-in concerns with 88% of respondents not currently using a multicloud strategy considering doing so in the next 12 months,\" Adrian Poole, director for financial services in Britain and Ireland for Google Cloud, said.</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>Banks take steps to reduce potential cloud computing risks, Google survey</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBanks take steps to reduce potential cloud computing risks, Google survey\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\">2021-08-12 21:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON, Aug 12 (Reuters) - Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris Poll and Google Cloud&nbsp;said on Thursday.</p>\n<p>The Bank of England and the Bank of France have expressed concerns about a lack of transparency in how banks rely on a \"concentrated\" number of outside cloud computing providers like Google, Microsoft and Amazon which are beyond the arm of the regulators.</p>\n<p>Regulators are worried that reliance by many banks on the same providers could create systemic risk if <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the cloud companies were to go down.</p>\n<p>The survey of 1,300 leaders in financial services from the United States, Canada, France, Germany, Britain, Hong Kong, Japan, Singapore and Australia showed that 83% were using the cloud as part of their primary computing infrastructure.</p>\n<p>The bulk of the companies are also considering adopting a multicloud strategy, the survey said, which would allow a bank to switch to an alternative provider if there is an outage to avoid an interruption of services for customers.</p>\n<p>\"Based on the Harris survey, it is clear that financial institutions are taking actions to solve concentration or vendor lock-in concerns with 88% of respondents not currently using a multicloud strategy considering doing so in the next 12 months,\" Adrian Poole, director for financial services in Britain and Ireland for Google Cloud, said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","MSFT":"微软","GOOGL":"谷歌A","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158579452","content_text":"LONDON, Aug 12 (Reuters) - Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris Poll and Google Cloud said on Thursday.\nThe Bank of England and the Bank of France have expressed concerns about a lack of transparency in how banks rely on a \"concentrated\" number of outside cloud computing providers like Google, Microsoft and Amazon which are beyond the arm of the regulators.\nRegulators are worried that reliance by many banks on the same providers could create systemic risk if one of the cloud companies were to go down.\nThe survey of 1,300 leaders in financial services from the United States, Canada, France, Germany, Britain, Hong Kong, Japan, Singapore and Australia showed that 83% were using the cloud as part of their primary computing infrastructure.\nThe bulk of the companies are also considering adopting a multicloud strategy, the survey said, which would allow a bank to switch to an alternative provider if there is an outage to avoid an interruption of services for customers.\n\"Based on the Harris survey, it is clear that financial institutions are taking actions to solve concentration or vendor lock-in concerns with 88% of respondents not currently using a multicloud strategy considering doing so in the next 12 months,\" Adrian Poole, director for financial services in Britain and Ireland for Google Cloud, said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892969339,"gmtCreate":1628634604521,"gmtModify":1676529800633,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892969339","repostId":"1132796864","repostType":4,"repost":{"id":"1132796864","kind":"news","pubTimestamp":1628608992,"share":"https://ttm.financial/m/news/1132796864?lang=&edition=fundamental","pubTime":"2021-08-10 23:23","market":"us","language":"en","title":"Coinbase's Head Of Capital Markets Resigns After Crypto Exchange Reportedly Shifts Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=1132796864","media":"Benzinga","summary":"Brett Redfearn, who headed capital markets at Coinbase Global Inc(NASDAQ:COIN), has resigned from hi","content":"<p>Brett Redfearn, who headed capital markets at&nbsp;<b>Coinbase Global Inc</b>(NASDAQ:COIN), has resigned from his position at the crypto exchange.</p>\n<p><b>What Happened:</b>According to a report from theWall Street Journal, people familiar with the matter disclosed that his reasons for leaving Coinbase had to do with the crypto-exchange shifting its focus away from digital asset securities.</p>\n<p>Redfearn was one of Coinbase’s most high-profile hires, having served as the former director of trading and markets at the United States Securities and Exchange Commission (SEC) before joining the crypto exchange.</p>\n<p>The executive joined Coinbase’s ranks just two weeks before the exchange’s public listing.</p>\n<p>Ablog postfrom Coinbase’s Chief Product Officer Surojit Chatterjee in March described Redfearn’s role at the company as the person responsible for defining and driving a vision and strategy to set the global standard for crypto capital markets, including digital asset securities and its crypto trading platform.</p>\n<p>“I believe that a digitized trading ecosystem can help democratize retail investors’ ability to access our capital markets on a fair and level playing field. I also believe that instantaneous settlement will eventually be possible, which could ameliorate capital requirements and improve market liquidity,” said Redfearn at the time.</p>\n<p>Now, in just four months since he assumed the role of Vice President of Capital Markets at Coinbase, Redfearn appears to have resigned.</p>\n<p><b>Price Action:</b>Coinbase shares were trading 5.16% lower, at&nbsp;$2650.47 at press time.</p>\n<p>Shares of the crypto exchange moved in tandem with crypto markets&nbsp;that reached $1.9 trillion for the first time since prices crashed in May.</p>\n<p>At press time, the market-leading cryptocurrency&nbsp;<b>Bitcoin</b>(CRYPTO: BTC) traded at $45,410, gaining as much as 17.84% over the past week.</p>\n<p></p>","source":"lsy1606299360108","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>Coinbase's Head Of Capital Markets Resigns After Crypto Exchange Reportedly Shifts Focus</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\">\nCoinbase's Head Of Capital Markets Resigns After Crypto Exchange Reportedly Shifts Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/21/08/22417307/coinbases-head-of-capital-markets-resigns-after-crypto-exchange-reportedly-shifts-focus><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Brett Redfearn, who headed capital markets at Coinbase Global Inc(NASDAQ:COIN), has resigned from his position at the crypto exchange.\nWhat Happened:According to a report from theWall Street Journal, ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22417307/coinbases-head-of-capital-markets-resigns-after-crypto-exchange-reportedly-shifts-focus\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/08/22417307/coinbases-head-of-capital-markets-resigns-after-crypto-exchange-reportedly-shifts-focus","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132796864","content_text":"Brett Redfearn, who headed capital markets at Coinbase Global Inc(NASDAQ:COIN), has resigned from his position at the crypto exchange.\nWhat Happened:According to a report from theWall Street Journal, people familiar with the matter disclosed that his reasons for leaving Coinbase had to do with the crypto-exchange shifting its focus away from digital asset securities.\nRedfearn was one of Coinbase’s most high-profile hires, having served as the former director of trading and markets at the United States Securities and Exchange Commission (SEC) before joining the crypto exchange.\nThe executive joined Coinbase’s ranks just two weeks before the exchange’s public listing.\nAblog postfrom Coinbase’s Chief Product Officer Surojit Chatterjee in March described Redfearn’s role at the company as the person responsible for defining and driving a vision and strategy to set the global standard for crypto capital markets, including digital asset securities and its crypto trading platform.\n“I believe that a digitized trading ecosystem can help democratize retail investors’ ability to access our capital markets on a fair and level playing field. I also believe that instantaneous settlement will eventually be possible, which could ameliorate capital requirements and improve market liquidity,” said Redfearn at the time.\nNow, in just four months since he assumed the role of Vice President of Capital Markets at Coinbase, Redfearn appears to have resigned.\nPrice Action:Coinbase shares were trading 5.16% lower, at $2650.47 at press time.\nShares of the crypto exchange moved in tandem with crypto markets that reached $1.9 trillion for the first time since prices crashed in May.\nAt press time, the market-leading cryptocurrency Bitcoin(CRYPTO: BTC) traded at $45,410, gaining as much as 17.84% over the past week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893564213,"gmtCreate":1628289755632,"gmtModify":1703504478740,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Like n comment&nbsp;","listText":"Like n comment&nbsp;","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/893564213","repostId":"1110501028","repostType":4,"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807606832,"gmtCreate":1628033207626,"gmtModify":1703499809185,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807606832","repostId":"2156312793","repostType":4,"repost":{"id":"2156312793","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":1628031785,"share":"https://ttm.financial/m/news/2156312793?lang=&edition=fundamental","pubTime":"2021-08-04 07:03","market":"us","language":"en","title":"S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries","url":"https://stock-news.laohu8.com/highlight/detail?id=2156312793","media":"Reuters","summary":"Translate Bio surges on sale to $Sanofi$ in $3.2-bln deal. Focus on services sector data, jobs report this week. NEW YORK, Aug 3  - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.Ten of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.“Even though the pandemic is still w","content":"<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</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 closes at record high as Apple, healthcare stocks help shrug off Delta worries</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 closes at record high as Apple, healthcare stocks help shrug off Delta worries\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\">2021-08-04 07:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Dupont, Discovery slide despite strong earnings</li>\n</ul>\n<ul>\n <li>Translate Bio surges on sale to <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> in $3.2-bln deal</li>\n</ul>\n<ul>\n <li>Focus on services sector data, jobs report this week</li>\n</ul>\n<ul>\n <li>Indexes up: Dow 0.8%, S&amp;P 0.82%, Nasdaq 0.55%</li>\n</ul>\n<p>NEW YORK, Aug 3 (Reuters) - The S&amp;P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.</p>\n<p>Ten of the 11 S&amp;P indexes traded higher, with energy stocks&nbsp;rebounding after getting hit by a dip in oil prices.</p>\n<p>“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> rose 1.26% after sliding last week. Other heavyweight technology stocks, including <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>&nbsp;and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.</p>\n<p>A clutch of U.S. companies, including industrial materials maker <a href=\"https://laohu8.com/S/DFT\">Dupont Fabros Technology</a> and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.</p>\n<p>A deepening regulatory scrutiny in China has sent jitters through the global technology sector.</p>\n<p>Shares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group <a href=\"https://laohu8.com/S/00700\">TENCENT</a>, driven by fears the sector could be next in regulators' crosshairs.</p>\n<p>\"Grand Theft Auto\" creator <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc&nbsp;plunged 7.71% after it issued a disappointing sales forecast.</p>\n<p>The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 35.99 points, or 0.82%, to 4,423.15 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> added 80.23 points, or 0.55%, to 14,761.30.</p>\n<p>The S&amp;P 500's previous record closing high was 4,422.30.</p>\n<p>Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.</p>\n<p>Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.</p>\n<p>In M&amp;A-driven moves, <a href=\"https://laohu8.com/S/TBIO\">Translate Bio Inc.</a> surged 29.23%&nbsp;after France's <a href=\"https://laohu8.com/S/SNYNF\">Sanofi</a> agreed to buy the U.S. biotech company in a $3.2 billion deal.</p>\n<p>Under Armour Inc and Ralph Lauren Corp jumped&nbsp;6.19% and 6.13% respectively after raising their annual revenue forecasts.</p>\n<p>Overall, earnings at S&amp;P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.</p>\n<p>“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.</p>\n<p>Volume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPXU":"三倍做空标普500ETF","NFLX":"奈飞","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500ETF","SSO":"两倍做多标普500ETF","DISCA":"探索传播","TTWO":"Take-Two Interactive Software","AAPL":"苹果","SH":"标普500反向ETF","TBIO":"TELESIS BIO",".DJI":"道琼斯","UAA":"安德玛公司A类股","RL":"拉夫劳伦","IVV":"标普500指数ETF",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156312793","content_text":"Dupont, Discovery slide despite strong earnings\n\n\nTranslate Bio surges on sale to Sanofi in $3.2-bln deal\n\n\nFocus on services sector data, jobs report this week\n\n\nIndexes up: Dow 0.8%, S&P 0.82%, Nasdaq 0.55%\n\nNEW YORK, Aug 3 (Reuters) - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.\nTen of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices.\n“Even though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.\nApple rose 1.26% after sliding last week. Other heavyweight technology stocks, including Netflix, Tesla Motors and Facebook Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq.\nA clutch of U.S. companies, including industrial materials maker Dupont Fabros Technology and Discovery Inc, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.\nA deepening regulatory scrutiny in China has sent jitters through the global technology sector.\nShares in U.S.- and European-listed gaming companies fell after a steep sell-off in China's social media and video games group TENCENT, driven by fears the sector could be next in regulators' crosshairs.\n\"Grand Theft Auto\" creator Take-Two Interactive Software Inc plunged 7.71% after it issued a disappointing sales forecast.\nThe Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the S&P 500 gained 35.99 points, or 0.82%, to 4,423.15 and the NASDAQ added 80.23 points, or 0.55%, to 14,761.30.\nThe S&P 500's previous record closing high was 4,422.30.\nData on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.\nLater in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.\nIn M&A-driven moves, Translate Bio Inc. surged 29.23% after France's Sanofi agreed to buy the U.S. biotech company in a $3.2 billion deal.\nUnder Armour Inc and Ralph Lauren Corp jumped 6.19% and 6.13% respectively after raising their annual revenue forecasts.\nOverall, earnings at S&P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.\n“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery,” said Cox.\nVolume on U.S. exchanges was 9.28 billion shares, compared with the 9.73 billion average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.\nThe S&P 500 posted 70 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 91 new highs and 117 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805539185,"gmtCreate":1627890138247,"gmtModify":1703497268500,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805539185","repostId":"1191539307","repostType":4,"repost":{"id":"1191539307","kind":"news","pubTimestamp":1627889804,"share":"https://ttm.financial/m/news/1191539307?lang=&edition=fundamental","pubTime":"2021-08-02 15:36","market":"us","language":"en","title":"Volatility Warnings Signal Virus May Bring Another Rough August","url":"https://stock-news.laohu8.com/highlight/detail?id=1191539307","media":"Bloomberg","summary":"Tallbacken sees cause for concern in VIX making higher lows\nRBC suggests Amazon put options as delta","content":"<ul>\n <li>Tallbacken sees cause for concern in VIX making higher lows</li>\n <li>RBC suggests Amazon put options as delta-variant hedge</li>\n</ul>\n<p>Concerns about the delta variant of Covid-19 look to be seeping into volatility markets just as the traditionally challenging month of August kicks off.</p>\n<p>The Cboe Volatility Index, or VIX, has made a series of higher lows in recent weeks, a pattern Tallbacken Capital Advisors LLC Chief Executive Officer Michael Purves says should concern investors. It’s one of two “yellow warning lights” he sees, with the second being the way high-yield spreads have become “stickier” at higher levels.</p>\n<p>“August has a history of volatility spikes, more so than one might think,” Purves wrote in a note dated on Sunday. “This rising tension is subtle, and we suggest it has more to do with Covid persistence than with earnings reports, which on the whole have been remarkably strong so far.”</p>\n<p><img src=\"https://static.tigerbbs.com/e8348ba07e0bcb4e06f8c47000c6bda6\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p>\n<p>It isn’t just the VIX that’s flashing concern. S&amp;P 500 skew, which measures the cost of bearish options versus bullish ones, is at its highest level since the beginning of the pandemic a year and a half ago -- even as the S&amp;P 500 soars to records. While the VIX/S&amp;P 500 inverse correlation remains relatively stable, and the VIX itself closed last week below historical averages, there’s still plenty of nervousness about. Investors may need to be wary for the sort of oddball “stocks-up, vol-up” scenario that manifested in&nbsp;the lead-up to&nbsp;February 2018’s Volmageddon, or last August’s retail-investor-driven&nbsp;tech rally.</p>\n<p>August and September are&nbsp;the worst months&nbsp;by average S&amp;P 500 performance over the previous 30 years, Susquehanna derivatives strategists pointed out in a recent note.</p>\n<p>Other volatility signals have also been showing higher lows in the past few weeks, including the ICE BofA MOVE Index, which measures Treasury-option swings, and the JPMorgan Global FX Volatility Index.</p>\n<p>“There is worry but we are nowhere near peak worry,” said RBC’s Amy Wu Silverman. She pointed to bearish put options on the SPDR S&amp;P Retail ETF (ticker XRT) looking expensive versus those on other ETFs, and suggested that’s “due to the delta variant and back-to-school sensitivity.”</p>\n<p>Neither Silverman nor Purves sees hedging the S&amp;P 500 as the way to go right now, though, because it’s relatively expensive to do so. Silverman suggests selling Amazon.com Inc. October $3,100 puts as a hedge against further surges in the delta-variant. Purves recommends buying puts for the likes of airline and cruise-ship stocks in case there’s a spike in Covid cases.</p>","source":"lsy1584095487587","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>Volatility Warnings Signal Virus May Bring Another Rough August</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\">\nVolatility Warnings Signal Virus May Bring Another Rough August\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 15:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-02/volatility-warnings-signal-virus-may-bring-another-rough-august?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tallbacken sees cause for concern in VIX making higher lows\nRBC suggests Amazon put options as delta-variant hedge\n\nConcerns about the delta variant of Covid-19 look to be seeping into volatility ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-02/volatility-warnings-signal-virus-may-bring-another-rough-august?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-02/volatility-warnings-signal-virus-may-bring-another-rough-august?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191539307","content_text":"Tallbacken sees cause for concern in VIX making higher lows\nRBC suggests Amazon put options as delta-variant hedge\n\nConcerns about the delta variant of Covid-19 look to be seeping into volatility markets just as the traditionally challenging month of August kicks off.\nThe Cboe Volatility Index, or VIX, has made a series of higher lows in recent weeks, a pattern Tallbacken Capital Advisors LLC Chief Executive Officer Michael Purves says should concern investors. It’s one of two “yellow warning lights” he sees, with the second being the way high-yield spreads have become “stickier” at higher levels.\n“August has a history of volatility spikes, more so than one might think,” Purves wrote in a note dated on Sunday. “This rising tension is subtle, and we suggest it has more to do with Covid persistence than with earnings reports, which on the whole have been remarkably strong so far.”\n\nIt isn’t just the VIX that’s flashing concern. S&P 500 skew, which measures the cost of bearish options versus bullish ones, is at its highest level since the beginning of the pandemic a year and a half ago -- even as the S&P 500 soars to records. While the VIX/S&P 500 inverse correlation remains relatively stable, and the VIX itself closed last week below historical averages, there’s still plenty of nervousness about. Investors may need to be wary for the sort of oddball “stocks-up, vol-up” scenario that manifested in the lead-up to February 2018’s Volmageddon, or last August’s retail-investor-driven tech rally.\nAugust and September are the worst months by average S&P 500 performance over the previous 30 years, Susquehanna derivatives strategists pointed out in a recent note.\nOther volatility signals have also been showing higher lows in the past few weeks, including the ICE BofA MOVE Index, which measures Treasury-option swings, and the JPMorgan Global FX Volatility Index.\n“There is worry but we are nowhere near peak worry,” said RBC’s Amy Wu Silverman. She pointed to bearish put options on the SPDR S&P Retail ETF (ticker XRT) looking expensive versus those on other ETFs, and suggested that’s “due to the delta variant and back-to-school sensitivity.”\nNeither Silverman nor Purves sees hedging the S&P 500 as the way to go right now, though, because it’s relatively expensive to do so. Silverman suggests selling Amazon.com Inc. October $3,100 puts as a hedge against further surges in the delta-variant. Purves recommends buying puts for the likes of airline and cruise-ship stocks in case there’s a spike in Covid cases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802605486,"gmtCreate":1627773656445,"gmtModify":1703495550440,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Great stock","listText":"Great stock","text":"Great stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/802605486","repostId":"2155001152","repostType":4,"repost":{"id":"2155001152","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1627675228,"share":"https://ttm.financial/m/news/2155001152?lang=&edition=fundamental","pubTime":"2021-07-31 04:00","market":"us","language":"en","title":"Wall Street declines with Amazon; S&P 500 posts gains for month","url":"https://stock-news.laohu8.com/highlight/detail?id=2155001152","media":"Reuters","summary":"U.S. consumer spending rises in June, inflation increases . NEW YORK, July 30  - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&P 500 still posted a sixth straight month of gains.Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.Shares of oth","content":"<ul>\n <li>Pinterest sinks on stalled U.S. user growth</li>\n <li>U.S. consumer spending rises in June, inflation increases (Updates to close)</li>\n</ul>\n<p>NEW YORK, July 30 (Reuters) - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&amp;P 500 still posted a sixth straight month of gains.</p>\n<p>Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.</p>\n<p>Shares of other internet and tech giants that did well during the lockdowns of last year, including Google parent Alphabet Inc and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, were mostly lower.</p>\n<p>\"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. \"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't,\" it falls.</p>\n<p>Data on Friday showed U.S. consumer spending rose more than expected in June, although annual inflation accelerated further above the Federal Reserve's 2% target.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 146.36 points, or 0.42%, to 34,938.17, the S&amp;P 500 lost 23.58 points, or 0.53%, to 4,395.57 and the Nasdaq Composite dropped 101.51 points, or 0.69%, to 14,676.76.</p>\n<p>Strong earnings and the continued rebound in the U.S. economy have helped to support stocks this month, but the rapid spread of the Delta variant of the coronavirus and rising inflation have been concerns.</p>\n<p>\"There are still some distant jitters, whispers about the Delta variant, about cases rising, and I think some underlying worries about a slowdown of the reopenings and possible reversal,\" Dollarhide said.</p>\n<p>Also on the earnings front, Pampers maker Procter &amp; Gamble Co rose as it forecast higher core earnings for this year, and U.S.-listed shares of Canada's <a href=\"https://laohu8.com/S/QSR\">Restaurant Brands International Inc</a> jumped after the Burger King owner beat estimates for quarterly profit.</p>\n<p>Pinterest Inc, however, plunged after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.</p>\n<p>Caterpillar Inc shares also fell, even though the company posted a rise in second-quarter adjusted profit on the back of a recovery in global economic activity.</p>\n<p>Results on the quarter overall have been much stronger than expected, with about 89% of the reports beating analysts' estimates on earnings, according to IBES data from Refinitiv. Earnings are now expected to have climbed 89.8% in the second quarter versus forecasts of 65.4% at the start of July. (Reporting by Caroline Valetkevitch in New York Additional reporting by Sagarika Jaisinghani in Bengaluru Editing by Arun Koyyur and Matthew Lewis)</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>Wall Street declines with Amazon; S&P 500 posts gains for month</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\">\nWall Street declines with Amazon; S&P 500 posts gains for month\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\">2021-07-31 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Pinterest sinks on stalled U.S. user growth</li>\n <li>U.S. consumer spending rises in June, inflation increases (Updates to close)</li>\n</ul>\n<p>NEW YORK, July 30 (Reuters) - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&amp;P 500 still posted a sixth straight month of gains.</p>\n<p>Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.</p>\n<p>Shares of other internet and tech giants that did well during the lockdowns of last year, including Google parent Alphabet Inc and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, were mostly lower.</p>\n<p>\"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. \"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't,\" it falls.</p>\n<p>Data on Friday showed U.S. consumer spending rose more than expected in June, although annual inflation accelerated further above the Federal Reserve's 2% target.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 146.36 points, or 0.42%, to 34,938.17, the S&amp;P 500 lost 23.58 points, or 0.53%, to 4,395.57 and the Nasdaq Composite dropped 101.51 points, or 0.69%, to 14,676.76.</p>\n<p>Strong earnings and the continued rebound in the U.S. economy have helped to support stocks this month, but the rapid spread of the Delta variant of the coronavirus and rising inflation have been concerns.</p>\n<p>\"There are still some distant jitters, whispers about the Delta variant, about cases rising, and I think some underlying worries about a slowdown of the reopenings and possible reversal,\" Dollarhide said.</p>\n<p>Also on the earnings front, Pampers maker Procter &amp; Gamble Co rose as it forecast higher core earnings for this year, and U.S.-listed shares of Canada's <a href=\"https://laohu8.com/S/QSR\">Restaurant Brands International Inc</a> jumped after the Burger King owner beat estimates for quarterly profit.</p>\n<p>Pinterest Inc, however, plunged after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.</p>\n<p>Caterpillar Inc shares also fell, even though the company posted a rise in second-quarter adjusted profit on the back of a recovery in global economic activity.</p>\n<p>Results on the quarter overall have been much stronger than expected, with about 89% of the reports beating analysts' estimates on earnings, according to IBES data from Refinitiv. Earnings are now expected to have climbed 89.8% in the second quarter versus forecasts of 65.4% at the start of July. (Reporting by Caroline Valetkevitch in New York Additional reporting by Sagarika Jaisinghani in Bengaluru Editing by Arun Koyyur and Matthew Lewis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPY":"标普500ETF","AMZN":"亚马逊","OEF":"标普100指数ETF-iShares","CAT":"卡特彼勒","SSO":"两倍做多标普500ETF","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","SPXU":"三倍做空标普500ETF","UPRO":"三倍做多标普500ETF","COMP":"Compass, Inc.","OEX":"标普100","SH":"标普500反向ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155001152","content_text":"Pinterest sinks on stalled U.S. user growth\nU.S. consumer spending rises in June, inflation increases (Updates to close)\n\nNEW YORK, July 30 (Reuters) - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&P 500 still posted a sixth straight month of gains.\nAmazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.\nShares of other internet and tech giants that did well during the lockdowns of last year, including Google parent Alphabet Inc and Facebook Inc, were mostly lower.\n\"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. \"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't,\" it falls.\nData on Friday showed U.S. consumer spending rose more than expected in June, although annual inflation accelerated further above the Federal Reserve's 2% target.\nUnofficially, the Dow Jones Industrial Average fell 146.36 points, or 0.42%, to 34,938.17, the S&P 500 lost 23.58 points, or 0.53%, to 4,395.57 and the Nasdaq Composite dropped 101.51 points, or 0.69%, to 14,676.76.\nStrong earnings and the continued rebound in the U.S. economy have helped to support stocks this month, but the rapid spread of the Delta variant of the coronavirus and rising inflation have been concerns.\n\"There are still some distant jitters, whispers about the Delta variant, about cases rising, and I think some underlying worries about a slowdown of the reopenings and possible reversal,\" Dollarhide said.\nAlso on the earnings front, Pampers maker Procter & Gamble Co rose as it forecast higher core earnings for this year, and U.S.-listed shares of Canada's Restaurant Brands International Inc jumped after the Burger King owner beat estimates for quarterly profit.\nPinterest Inc, however, plunged after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.\nCaterpillar Inc shares also fell, even though the company posted a rise in second-quarter adjusted profit on the back of a recovery in global economic activity.\nResults on the quarter overall have been much stronger than expected, with about 89% of the reports beating analysts' estimates on earnings, according to IBES data from Refinitiv. Earnings are now expected to have climbed 89.8% in the second quarter versus forecasts of 65.4% at the start of July. (Reporting by Caroline Valetkevitch in New York Additional reporting by Sagarika Jaisinghani in Bengaluru Editing by Arun Koyyur and Matthew Lewis)","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802605102,"gmtCreate":1627773624806,"gmtModify":1703495549943,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/802605102","repostId":"2155001152","repostType":4,"repost":{"id":"2155001152","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1627675228,"share":"https://ttm.financial/m/news/2155001152?lang=&edition=fundamental","pubTime":"2021-07-31 04:00","market":"us","language":"en","title":"Wall Street declines with Amazon; S&P 500 posts gains for month","url":"https://stock-news.laohu8.com/highlight/detail?id=2155001152","media":"Reuters","summary":"U.S. consumer spending rises in June, inflation increases . NEW YORK, July 30  - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&P 500 still posted a sixth straight month of gains.Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.Shares of oth","content":"<ul>\n <li>Pinterest sinks on stalled U.S. user growth</li>\n <li>U.S. consumer spending rises in June, inflation increases (Updates to close)</li>\n</ul>\n<p>NEW YORK, July 30 (Reuters) - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&amp;P 500 still posted a sixth straight month of gains.</p>\n<p>Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.</p>\n<p>Shares of other internet and tech giants that did well during the lockdowns of last year, including Google parent Alphabet Inc and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, were mostly lower.</p>\n<p>\"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. \"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't,\" it falls.</p>\n<p>Data on Friday showed U.S. consumer spending rose more than expected in June, although annual inflation accelerated further above the Federal Reserve's 2% target.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 146.36 points, or 0.42%, to 34,938.17, the S&amp;P 500 lost 23.58 points, or 0.53%, to 4,395.57 and the Nasdaq Composite dropped 101.51 points, or 0.69%, to 14,676.76.</p>\n<p>Strong earnings and the continued rebound in the U.S. economy have helped to support stocks this month, but the rapid spread of the Delta variant of the coronavirus and rising inflation have been concerns.</p>\n<p>\"There are still some distant jitters, whispers about the Delta variant, about cases rising, and I think some underlying worries about a slowdown of the reopenings and possible reversal,\" Dollarhide said.</p>\n<p>Also on the earnings front, Pampers maker Procter &amp; Gamble Co rose as it forecast higher core earnings for this year, and U.S.-listed shares of Canada's <a href=\"https://laohu8.com/S/QSR\">Restaurant Brands International Inc</a> jumped after the Burger King owner beat estimates for quarterly profit.</p>\n<p>Pinterest Inc, however, plunged after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.</p>\n<p>Caterpillar Inc shares also fell, even though the company posted a rise in second-quarter adjusted profit on the back of a recovery in global economic activity.</p>\n<p>Results on the quarter overall have been much stronger than expected, with about 89% of the reports beating analysts' estimates on earnings, according to IBES data from Refinitiv. Earnings are now expected to have climbed 89.8% in the second quarter versus forecasts of 65.4% at the start of July. (Reporting by Caroline Valetkevitch in New York Additional reporting by Sagarika Jaisinghani in Bengaluru Editing by Arun Koyyur and Matthew Lewis)</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>Wall Street declines with Amazon; S&P 500 posts gains for month</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\">\nWall Street declines with Amazon; S&P 500 posts gains for month\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\">2021-07-31 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Pinterest sinks on stalled U.S. user growth</li>\n <li>U.S. consumer spending rises in June, inflation increases (Updates to close)</li>\n</ul>\n<p>NEW YORK, July 30 (Reuters) - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&amp;P 500 still posted a sixth straight month of gains.</p>\n<p>Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.</p>\n<p>Shares of other internet and tech giants that did well during the lockdowns of last year, including Google parent Alphabet Inc and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, were mostly lower.</p>\n<p>\"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. \"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't,\" it falls.</p>\n<p>Data on Friday showed U.S. consumer spending rose more than expected in June, although annual inflation accelerated further above the Federal Reserve's 2% target.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 146.36 points, or 0.42%, to 34,938.17, the S&amp;P 500 lost 23.58 points, or 0.53%, to 4,395.57 and the Nasdaq Composite dropped 101.51 points, or 0.69%, to 14,676.76.</p>\n<p>Strong earnings and the continued rebound in the U.S. economy have helped to support stocks this month, but the rapid spread of the Delta variant of the coronavirus and rising inflation have been concerns.</p>\n<p>\"There are still some distant jitters, whispers about the Delta variant, about cases rising, and I think some underlying worries about a slowdown of the reopenings and possible reversal,\" Dollarhide said.</p>\n<p>Also on the earnings front, Pampers maker Procter &amp; Gamble Co rose as it forecast higher core earnings for this year, and U.S.-listed shares of Canada's <a href=\"https://laohu8.com/S/QSR\">Restaurant Brands International Inc</a> jumped after the Burger King owner beat estimates for quarterly profit.</p>\n<p>Pinterest Inc, however, plunged after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.</p>\n<p>Caterpillar Inc shares also fell, even though the company posted a rise in second-quarter adjusted profit on the back of a recovery in global economic activity.</p>\n<p>Results on the quarter overall have been much stronger than expected, with about 89% of the reports beating analysts' estimates on earnings, according to IBES data from Refinitiv. Earnings are now expected to have climbed 89.8% in the second quarter versus forecasts of 65.4% at the start of July. (Reporting by Caroline Valetkevitch in New York Additional reporting by Sagarika Jaisinghani in Bengaluru Editing by Arun Koyyur and Matthew Lewis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPY":"标普500ETF","AMZN":"亚马逊","OEF":"标普100指数ETF-iShares","CAT":"卡特彼勒","SSO":"两倍做多标普500ETF","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","SPXU":"三倍做空标普500ETF","UPRO":"三倍做多标普500ETF","COMP":"Compass, Inc.","OEX":"标普100","SH":"标普500反向ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155001152","content_text":"Pinterest sinks on stalled U.S. user growth\nU.S. consumer spending rises in June, inflation increases (Updates to close)\n\nNEW YORK, July 30 (Reuters) - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&P 500 still posted a sixth straight month of gains.\nAmazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.\nShares of other internet and tech giants that did well during the lockdowns of last year, including Google parent Alphabet Inc and Facebook Inc, were mostly lower.\n\"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. \"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't,\" it falls.\nData on Friday showed U.S. consumer spending rose more than expected in June, although annual inflation accelerated further above the Federal Reserve's 2% target.\nUnofficially, the Dow Jones Industrial Average fell 146.36 points, or 0.42%, to 34,938.17, the S&P 500 lost 23.58 points, or 0.53%, to 4,395.57 and the Nasdaq Composite dropped 101.51 points, or 0.69%, to 14,676.76.\nStrong earnings and the continued rebound in the U.S. economy have helped to support stocks this month, but the rapid spread of the Delta variant of the coronavirus and rising inflation have been concerns.\n\"There are still some distant jitters, whispers about the Delta variant, about cases rising, and I think some underlying worries about a slowdown of the reopenings and possible reversal,\" Dollarhide said.\nAlso on the earnings front, Pampers maker Procter & Gamble Co rose as it forecast higher core earnings for this year, and U.S.-listed shares of Canada's Restaurant Brands International Inc jumped after the Burger King owner beat estimates for quarterly profit.\nPinterest Inc, however, plunged after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.\nCaterpillar Inc shares also fell, even though the company posted a rise in second-quarter adjusted profit on the back of a recovery in global economic activity.\nResults on the quarter overall have been much stronger than expected, with about 89% of the reports beating analysts' estimates on earnings, according to IBES data from Refinitiv. Earnings are now expected to have climbed 89.8% in the second quarter versus forecasts of 65.4% at the start of July. (Reporting by Caroline Valetkevitch in New York Additional reporting by Sagarika Jaisinghani in Bengaluru Editing by Arun Koyyur and Matthew Lewis)","news_type":1},"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808599053,"gmtCreate":1627600313472,"gmtModify":1703492980275,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/808599053","repostId":"2155188411","repostType":4,"repost":{"id":"2155188411","kind":"highlight","pubTimestamp":1627572637,"share":"https://ttm.financial/m/news/2155188411?lang=&edition=fundamental","pubTime":"2021-07-29 23:30","market":"us","language":"en","title":"3 Reasons AMD Is a Buy After Q2 2021 Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2155188411","media":"Motley Fool","summary":"Advanced Micro Devices is no longer an underdog; it's a leading chip designer gobbling up market share.","content":"<p><b>Advanced Micro Devices</b> (NASDAQ:<a href=\"https://laohu8.com/S/AMD\">AMD</a>) transformation from also-ran chip company to dominant designer of next-gen computing hardware is complete. With an extensive suite of high-end products addressing all major needs from consumer to cloud, AMD is growing at a fast clip, generating a healthy profit margin, and further investing in itself so it can continue gobbling up market share in the industry.</p>\n<p>Second-quarter 2021 earnings were proof of this. With a big upgrade in its full-year outlook and the global chip shortage expected to last into 2022, here are three reasons AMD's stock is still a buy.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F635455%2Fsemiconductor-research-microchips.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2>1. Extra supply equated to a sales beat</h2>\n<p>AMD reported revenue of $3.85 billion in Q2, up 99% from a year ago and an acceleration from the 93% pace set in Q1. To be fair, the spring quarter was lapping the period during the first economic lockdowns in 2020 when sales were sparse. However, let's not take too much away from AMD. Semiconductor industry titan <b>Intel </b>was lapping a poor showing from a year ago too, but recently reported flat revenue in its Q2 2021.</p>\n<p>The $3.85 billion in sales actually beat CEO Dr. Lisa Su and the company's guidance provided a few months ago by $150 million. Su attributed part of the outperformance to AMD's ability to coax some extra supply from its chip fabrication partners during the last three-month period. More supply is expected to come online during the second half of 2021, but the global chip shortage will likely continue into 2022.</p>\n<p>Nevertheless, AMD's Q2 beat and further advance on the supply side led Su and the top team to raise its outlook for full-year 2021 sales growth. Revenue is now expected to be up approximately 60% from 2020, compared to previous guidance for 50% growth.</p>\n<h2>2. Years of market share gains could lie ahead</h2>\n<p>The former underdog now has an advanced lineup of chips -- on many fronts, more advanced than the flagging Intel -- and as a result, reported yet another quarter of growth across its entire product line.</p>\n<p>During Q2, AMD said half of the world's newest and fastest supercomputers were powered by its EPYC data center CPUs (central processing units). <b>Alphabet</b>'s Google Cloud also announced big leaps in price-to-performance using EPYC CPUs versus peers, no doubt helping lead to the increased adoption of the chips in cloud computing and data centers. And on the consumer chip front, <b>Tesla</b>&nbsp;chose AMD hardware to power the infotainment system in the latest Model S and Model X.</p>\n<p>These market share gains could continue for some time at AMD. The company's next-gen products utilizing 5-nanometer architecture (the smallest and highest-performing chips) are coming in 2022 -- well ahead of the product roadmap at rival Intel.</p>\n<h2>3. AMD is now a highly profitable firm</h2>\n<p>As AMD's technology has improved and sales have gained, its profitability profile has also been significantly raised. In Q2 2021, operating profit margin was 22% -- helping it break from the below-industry average, single-digit percentage operating margin it was stuck in for years. Free cash flow generated in the quarter was $888 million.</p>\n<p>The implications of this are significant. AMD can now comfortably invest in itself from cash it generates, and go shopping with the excess when an opportunity arises. Take <b>Xilinx </b>(NASDAQ:XLNX), for example. The acquisition of the leading field-programmable gate array (FPGA) company will close by the end of this year and open up yet another front on which AMD can attack Intel. Adding Xilinx to the mix will also further boost AMD's profit margin and research and development capabilities. This is a great match for the company and will position it for many more years of expansion.</p>\n<h2>Investor takeaway</h2>\n<p>AMD's stock now trades for 46 times trailing-12-month free cash flow. Considering the growth it expects to generate on its own and the looming addition of Xilinx, shares look like a long-term value right now.</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>3 Reasons AMD Is a Buy After Q2 2021 Earnings</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\">\n3 Reasons AMD Is a Buy After Q2 2021 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/29/3-reasons-amd-is-a-buy-after-q2-2021-earnings/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices (NASDAQ:AMD) transformation from also-ran chip company to dominant designer of next-gen computing hardware is complete. With an extensive suite of high-end products addressing ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/29/3-reasons-amd-is-a-buy-after-q2-2021-earnings/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司","QTWO":"Q2 Holdings Inc"},"source_url":"https://www.fool.com/investing/2021/07/29/3-reasons-amd-is-a-buy-after-q2-2021-earnings/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155188411","content_text":"Advanced Micro Devices (NASDAQ:AMD) transformation from also-ran chip company to dominant designer of next-gen computing hardware is complete. With an extensive suite of high-end products addressing all major needs from consumer to cloud, AMD is growing at a fast clip, generating a healthy profit margin, and further investing in itself so it can continue gobbling up market share in the industry.\nSecond-quarter 2021 earnings were proof of this. With a big upgrade in its full-year outlook and the global chip shortage expected to last into 2022, here are three reasons AMD's stock is still a buy.\nImage source: Getty Images.\n1. Extra supply equated to a sales beat\nAMD reported revenue of $3.85 billion in Q2, up 99% from a year ago and an acceleration from the 93% pace set in Q1. To be fair, the spring quarter was lapping the period during the first economic lockdowns in 2020 when sales were sparse. However, let's not take too much away from AMD. Semiconductor industry titan Intel was lapping a poor showing from a year ago too, but recently reported flat revenue in its Q2 2021.\nThe $3.85 billion in sales actually beat CEO Dr. Lisa Su and the company's guidance provided a few months ago by $150 million. Su attributed part of the outperformance to AMD's ability to coax some extra supply from its chip fabrication partners during the last three-month period. More supply is expected to come online during the second half of 2021, but the global chip shortage will likely continue into 2022.\nNevertheless, AMD's Q2 beat and further advance on the supply side led Su and the top team to raise its outlook for full-year 2021 sales growth. Revenue is now expected to be up approximately 60% from 2020, compared to previous guidance for 50% growth.\n2. Years of market share gains could lie ahead\nThe former underdog now has an advanced lineup of chips -- on many fronts, more advanced than the flagging Intel -- and as a result, reported yet another quarter of growth across its entire product line.\nDuring Q2, AMD said half of the world's newest and fastest supercomputers were powered by its EPYC data center CPUs (central processing units). Alphabet's Google Cloud also announced big leaps in price-to-performance using EPYC CPUs versus peers, no doubt helping lead to the increased adoption of the chips in cloud computing and data centers. And on the consumer chip front, Tesla chose AMD hardware to power the infotainment system in the latest Model S and Model X.\nThese market share gains could continue for some time at AMD. The company's next-gen products utilizing 5-nanometer architecture (the smallest and highest-performing chips) are coming in 2022 -- well ahead of the product roadmap at rival Intel.\n3. AMD is now a highly profitable firm\nAs AMD's technology has improved and sales have gained, its profitability profile has also been significantly raised. In Q2 2021, operating profit margin was 22% -- helping it break from the below-industry average, single-digit percentage operating margin it was stuck in for years. Free cash flow generated in the quarter was $888 million.\nThe implications of this are significant. AMD can now comfortably invest in itself from cash it generates, and go shopping with the excess when an opportunity arises. Take Xilinx (NASDAQ:XLNX), for example. The acquisition of the leading field-programmable gate array (FPGA) company will close by the end of this year and open up yet another front on which AMD can attack Intel. Adding Xilinx to the mix will also further boost AMD's profit margin and research and development capabilities. This is a great match for the company and will position it for many more years of expansion.\nInvestor takeaway\nAMD's stock now trades for 46 times trailing-12-month free cash flow. Considering the growth it expects to generate on its own and the looming addition of Xilinx, shares look like a long-term value right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801000916,"gmtCreate":1627469264835,"gmtModify":1703490546783,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801000916","repostId":"1103651114","repostType":4,"repost":{"id":"1103651114","kind":"news","pubTimestamp":1627465191,"share":"https://ttm.financial/m/news/1103651114?lang=&edition=fundamental","pubTime":"2021-07-28 17:39","market":"us","language":"en","title":"Microsoft: Still In High Growth Mode, Yet Cheaply Valued","url":"https://stock-news.laohu8.com/highlight/detail?id=1103651114","media":"seekingalpha","summary":"Contrary to popular belief, Microsoft is still a growth name.Microsoft's bottom line EPS continues to demonstrate high growth, with Q4 2021 growing by 42% y/y .By my estimates, the stock trades for approx. 28x forward EPS.Not too many companies out there in tech have EPS numbers. And those that do, are not being priced below their CAGR. Microsoft is an exception.Microsoft  put out very strong growth in Q4 2021, with its top-line growing by 21% y/y. Thus, this result fully justifies its stock's p","content":"<p><b>Summary</b></p>\n<ul>\n <li>Contrary to popular belief, Microsoft is still a growth name.</li>\n <li>Microsoft's bottom line EPS continues to demonstrate high growth, with Q4 2021 growing by 42% y/y (currency-adjusted).</li>\n <li>By my estimates, the stock trades for approx. 28x forward EPS.</li>\n <li>Not too many companies out there in tech have EPS numbers. And those that do, are not being priced below their CAGR. Microsoft is an exception.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7171d6ff293602cabbe7a5d16831aac7\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>wellesenterprises/iStock Editorial via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Microsoft (MSFT) put out very strong growth in Q4 2021, with its top-line growing by 21% y/y. Thus, this result fully justifies its stock's performance in the past twelve months.</p>\n<p>What's more, looking ahead, by my estimates, its EPS could grow to $10.36 leaving the stock trading at 28x forward sales.</p>\n<p>Microsoft remains a worthy investment consideration, even now.</p>\n<p><b>Investor Sentiment Facing Microsoft</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50ddd26107b44d283dca56644b0bbd92\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>This is the first quarter that we are now fully lapping the pandemic's comparables.</p>\n<p>And even though by this stage investors should be coming to terms and adjusting themselves into what's a permanent change and the new normal and what's a should be compared to pre-COVID periods, I feel we are none the wiser.</p>\n<p>To this end, the fact that this tech behemoth put up such a strong result yet the after-hours reaction was so muted, as were both Apple (AAPL) and Alphabet (GOOGL)(GOOG), presents investors with a conundrum: is it all possible that investors expected an<i>even bigger positive surprise from these names</i>?</p>\n<p>Moreover, keep in mind that behind the big push by the mega-caps that are now trading at close to all-time highs, many smaller caps stocks are well into correction territory in 2021. Correction territory means trading 20% or more from previous highs. Indeed, this discrepancy between large caps and small caps is truly fascinating.</p>\n<p>To this end, I can only conclude that in the short term the market is a voting machine and that in time, Microsoft's bottom line profitability will continue to drive its stock forward. So let's dig in further to Microsoft's results.</p>\n<p><b>Revenue Growth Rates Are Still Strong</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b20ad739d2a017f775dac21ae77e842\" tg-width=\"640\" tg-height=\"285\" width=\"100%\" height=\"auto\"><span>Source: Author's calculations; **high-end company guidance; note: fiscal year and calendar year are misaligned.</span></p>\n<p>As you can see above, Microsoft's growth rates during fiscal 2021 actually accelerated. During Q4 2021, Microsoft's top line increased by 21% y/y.<i>Is there a time when the law of large numbers starts to slow down this giant?</i></p>\n<p>Common sense answers in the affirmative. But the factual results show that bringing in more than $46 billion in revenues during a 90 day period is an achievable feat for Microsoft.</p>\n<p>Looking out at its guide ahead, we can see that Microsoft's momentum continues to be very strong. If investors had reasons to expect a strong performance this quarter as Microsoft had slightly easier comps, the high-end guidance for next quarter fully dispels the myth that Microsoft is anything but a high growth name.</p>\n<p>In 2021 Microsoft is more diversified than it's ever been: With Search advertising Bing up 53% y/y, to LinkedIn being up 46% y/y, as well as Microsoft's ERP (Enterprise Resource Planning) Dynamics 365 up 49%, but real needle mover is obviously Microsoft's commercial cloud.</p>\n<p><b>The Crown Jewel in the Quarter: Commercial Cloud</b></p>\n<p>Microsoft's commercial cloud was up 36% y/y to $19.5 billion. Within that, Azure was up 45% (at constant currency).</p>\n<p>Microsoft's ability to engage both old and new enterprises, while at the same time offering a differentiated enough cloud platform so customers' usage and demand remains high, speaks to the power of Microsoft's brand.</p>\n<p>So when I questioned whether or not Microsoft has what it takes to break free from the law of large numbers, I believe we should invert the question. The question needs to be is there a physical reason<i>why Microsoft can't put up strong numbers</i>for another decade?</p>\n<p>I don't believe there is. On the one hand, smaller enterprises are being sold on the idea that this household name is the no-brainer cloud platform to adopt. But at the same time, Microsoft's multi-year investment to invest in cloud engineering is being reflected in its numbers.</p>\n<p>For example,75% of the Fortune 500&nbsp;use Microsoft's hybrid offerings. These are companies with the financial resources and technical acumen to demand only the best of the best hybrid cloud. And by far and wide, the bulk of these global enterprises still chose Microsoft's cloud platform.</p>\n<p>Also, and this important, unlike countless other fast-growing names in tech right now, that have no clear path to profitability, Microsoft has incredibly high profit margins and EPS numbers.</p>\n<p><b>Very Strong EPS Growth of 42% Y/Y</b></p>\n<p>Microsoft is clear that it's not resting on its recent performance. In fact, Microsoft continues to signal to investors that it's investing and innovating into its entire tech stack.</p>\n<p>What's more, despite the consistent investment, Microsoft's EPS number this quarter was up 42% y/y (non-GAAP, at constant currency).</p>\n<p>Furthermore, if we look at Microsoft's trailing twelve-month EPS number of $7.97 we can see that this figure is up 34% y/y (non-GAAP, constant currency).</p>\n<p>Given Microsoft's momentum of late, together with Microsoft's CFO Amy Hood's comments on the call that in fiscal 2022 Microsoft would see ''healthy double-digit revenue growth'' we can easily forecast that Microsoft's EPS numbers will climb to<i>at least $10.36 in fiscal 2022</i>.</p>\n<p><b>Valuation - Still Offering a Meaningful Margin of Safety</b></p>\n<p>As noted above, if we are conservative in our assumption for Microsoft's bottom line to grow by 30% y/y in fiscal 2022 this would imply that Microsoft's non-GAAP EPS would reach $10.36.</p>\n<p>Note, while this is a deceleration from fiscal 2021 EPS growth of 34%, this would be a step up from the&nbsp;25% EPS growth in fiscal 2020.</p>\n<p>Nevertheless, I believe that 30% CAGR is reasonable given some y/y margin expansion that Hood's mentioned on the call for fiscal 2022.</p>\n<p>All together this implies that the stock is priced at 28x forward earnings. Note, this is not a sales multiple, but its EPS figure.</p>\n<p><b>The Bottom Line</b></p>\n<p>For a company growing its bottom line EPS number by 30% CAGR, having to pay 28x its EPS in the current stock market pricing environment strikes me as a bargain opportunity.</p>\n<p>Having said that, as I alluded to at the start of the article, given that so many smaller-cap names are now firmly into correction territory, I'm going to continue deploying my capital own into opportunities that I believe over even more compelling valuations. Happy investing.</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>Microsoft: Still In High Growth Mode, Yet Cheaply Valued</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\">\nMicrosoft: Still In High Growth Mode, Yet Cheaply Valued\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 17:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4441951-microsoft-q4-earnings-high-growth-mode-cheaply-valued><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nContrary to popular belief, Microsoft is still a growth name.\nMicrosoft's bottom line EPS continues to demonstrate high growth, with Q4 2021 growing by 42% y/y (currency-adjusted).\nBy my ...</p>\n\n<a href=\"https://seekingalpha.com/article/4441951-microsoft-q4-earnings-high-growth-mode-cheaply-valued\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4441951-microsoft-q4-earnings-high-growth-mode-cheaply-valued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103651114","content_text":"Summary\n\nContrary to popular belief, Microsoft is still a growth name.\nMicrosoft's bottom line EPS continues to demonstrate high growth, with Q4 2021 growing by 42% y/y (currency-adjusted).\nBy my estimates, the stock trades for approx. 28x forward EPS.\nNot too many companies out there in tech have EPS numbers. And those that do, are not being priced below their CAGR. Microsoft is an exception.\n\nwellesenterprises/iStock Editorial via Getty Images\nInvestment Thesis\nMicrosoft (MSFT) put out very strong growth in Q4 2021, with its top-line growing by 21% y/y. Thus, this result fully justifies its stock's performance in the past twelve months.\nWhat's more, looking ahead, by my estimates, its EPS could grow to $10.36 leaving the stock trading at 28x forward sales.\nMicrosoft remains a worthy investment consideration, even now.\nInvestor Sentiment Facing Microsoft\nData by YCharts\nThis is the first quarter that we are now fully lapping the pandemic's comparables.\nAnd even though by this stage investors should be coming to terms and adjusting themselves into what's a permanent change and the new normal and what's a should be compared to pre-COVID periods, I feel we are none the wiser.\nTo this end, the fact that this tech behemoth put up such a strong result yet the after-hours reaction was so muted, as were both Apple (AAPL) and Alphabet (GOOGL)(GOOG), presents investors with a conundrum: is it all possible that investors expected aneven bigger positive surprise from these names?\nMoreover, keep in mind that behind the big push by the mega-caps that are now trading at close to all-time highs, many smaller caps stocks are well into correction territory in 2021. Correction territory means trading 20% or more from previous highs. Indeed, this discrepancy between large caps and small caps is truly fascinating.\nTo this end, I can only conclude that in the short term the market is a voting machine and that in time, Microsoft's bottom line profitability will continue to drive its stock forward. So let's dig in further to Microsoft's results.\nRevenue Growth Rates Are Still Strong\nSource: Author's calculations; **high-end company guidance; note: fiscal year and calendar year are misaligned.\nAs you can see above, Microsoft's growth rates during fiscal 2021 actually accelerated. During Q4 2021, Microsoft's top line increased by 21% y/y.Is there a time when the law of large numbers starts to slow down this giant?\nCommon sense answers in the affirmative. But the factual results show that bringing in more than $46 billion in revenues during a 90 day period is an achievable feat for Microsoft.\nLooking out at its guide ahead, we can see that Microsoft's momentum continues to be very strong. If investors had reasons to expect a strong performance this quarter as Microsoft had slightly easier comps, the high-end guidance for next quarter fully dispels the myth that Microsoft is anything but a high growth name.\nIn 2021 Microsoft is more diversified than it's ever been: With Search advertising Bing up 53% y/y, to LinkedIn being up 46% y/y, as well as Microsoft's ERP (Enterprise Resource Planning) Dynamics 365 up 49%, but real needle mover is obviously Microsoft's commercial cloud.\nThe Crown Jewel in the Quarter: Commercial Cloud\nMicrosoft's commercial cloud was up 36% y/y to $19.5 billion. Within that, Azure was up 45% (at constant currency).\nMicrosoft's ability to engage both old and new enterprises, while at the same time offering a differentiated enough cloud platform so customers' usage and demand remains high, speaks to the power of Microsoft's brand.\nSo when I questioned whether or not Microsoft has what it takes to break free from the law of large numbers, I believe we should invert the question. The question needs to be is there a physical reasonwhy Microsoft can't put up strong numbersfor another decade?\nI don't believe there is. On the one hand, smaller enterprises are being sold on the idea that this household name is the no-brainer cloud platform to adopt. But at the same time, Microsoft's multi-year investment to invest in cloud engineering is being reflected in its numbers.\nFor example,75% of the Fortune 500 use Microsoft's hybrid offerings. These are companies with the financial resources and technical acumen to demand only the best of the best hybrid cloud. And by far and wide, the bulk of these global enterprises still chose Microsoft's cloud platform.\nAlso, and this important, unlike countless other fast-growing names in tech right now, that have no clear path to profitability, Microsoft has incredibly high profit margins and EPS numbers.\nVery Strong EPS Growth of 42% Y/Y\nMicrosoft is clear that it's not resting on its recent performance. In fact, Microsoft continues to signal to investors that it's investing and innovating into its entire tech stack.\nWhat's more, despite the consistent investment, Microsoft's EPS number this quarter was up 42% y/y (non-GAAP, at constant currency).\nFurthermore, if we look at Microsoft's trailing twelve-month EPS number of $7.97 we can see that this figure is up 34% y/y (non-GAAP, constant currency).\nGiven Microsoft's momentum of late, together with Microsoft's CFO Amy Hood's comments on the call that in fiscal 2022 Microsoft would see ''healthy double-digit revenue growth'' we can easily forecast that Microsoft's EPS numbers will climb toat least $10.36 in fiscal 2022.\nValuation - Still Offering a Meaningful Margin of Safety\nAs noted above, if we are conservative in our assumption for Microsoft's bottom line to grow by 30% y/y in fiscal 2022 this would imply that Microsoft's non-GAAP EPS would reach $10.36.\nNote, while this is a deceleration from fiscal 2021 EPS growth of 34%, this would be a step up from the 25% EPS growth in fiscal 2020.\nNevertheless, I believe that 30% CAGR is reasonable given some y/y margin expansion that Hood's mentioned on the call for fiscal 2022.\nAll together this implies that the stock is priced at 28x forward earnings. Note, this is not a sales multiple, but its EPS figure.\nThe Bottom Line\nFor a company growing its bottom line EPS number by 30% CAGR, having to pay 28x its EPS in the current stock market pricing environment strikes me as a bargain opportunity.\nHaving said that, as I alluded to at the start of the article, given that so many smaller-cap names are now firmly into correction territory, I'm going to continue deploying my capital own into opportunities that I believe over even more compelling valuations. Happy investing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":141983047,"gmtCreate":1625833115689,"gmtModify":1703749450545,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks","listText":"Please like and comment, thanks","text":"Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/141983047","repostId":"2150326912","repostType":4,"repost":{"id":"2150326912","kind":"news","pubTimestamp":1625831520,"share":"https://ttm.financial/m/news/2150326912?lang=&edition=fundamental","pubTime":"2021-07-09 19:52","market":"us","language":"en","title":"Online payments firm Stripe takes first step toward blockbuster listing -sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2150326912","media":"StreetInsider","summary":"(Reuters) - Digital payments processor Stripe Inc, the most valuable U.S. technology startup, has ta","content":"<p>(Reuters) - Digital payments processor Stripe Inc, the most valuable U.S. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter.</p>\n<p>The 11-year-old company, which was valued by investors at $95 billion in a fundraising round in March, has sat out this year's red-hot market for initial public offerings (IPOs), using private tender offers to allow some of its existing investors and employees to cash out their holdings.</p>\n<p>Remaining private has enabled Stripe to keep such financial details as revenue and profitability under wraps. Yet this has also deprived it of using its shares as a publicly traded currency to help finance acquisitions and to incentivize employees.</p>\n<p>Stripe has tapped Cleary Gottlieb Steen &amp; Hamilton LLP as a legal adviser on its early-stage listing preparations, the sources said. There has been no decision on the timing of the stock market debut, and the next step would be the hiring of investment banks later this year, the sources added. The listing would be unlikely to happen this year, two of the sources said.</p>\n<p>Stripe is considering going public through a direct listing, rather than a traditional IPO, because it does not need to raise money, said two of the sources, cautioning that those plans could change.</p>\n<p>The sources requested anonymity because the deliberations are confidential. Stripe and Cleary Gottlieb declined to comment.</p>\n<p>Founded in 2010 by Irish brothers Patrick and John Collison, Stripe processes hundreds of billions of dollars in transactions every year for millions of businesses worldwide. Its list of clients includes Alphabet Inc's Google, Uber Technologies Inc, Amazon.com Inc and <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc. Early investors Elon Musk, Peter Thiel and Google’s venture capital arm.</p>\n<p>Stripe's breakneck growth could result in it challenging Chinese technology giants Ant Group and ByteDance, whose valuations are close to $200 billion, for the title of world's most valuable startup by the time it goes public.</p>\n<p>John Collison told Bloomberg Television in an interview last month that Stripe, which has headquarters in both Dublin and San Francisco, may go public <a href=\"https://laohu8.com/S/AONE\">one</a> day but that there were no current plans for a listing.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Online payments firm Stripe takes first step toward blockbuster listing -sources</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\">\nOnline payments firm Stripe takes first step toward blockbuster listing -sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 19:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18658960><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Digital payments processor Stripe Inc, the most valuable U.S. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations,...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18658960\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09086":"华夏纳指-U","03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18658960","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150326912","content_text":"(Reuters) - Digital payments processor Stripe Inc, the most valuable U.S. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter.\nThe 11-year-old company, which was valued by investors at $95 billion in a fundraising round in March, has sat out this year's red-hot market for initial public offerings (IPOs), using private tender offers to allow some of its existing investors and employees to cash out their holdings.\nRemaining private has enabled Stripe to keep such financial details as revenue and profitability under wraps. Yet this has also deprived it of using its shares as a publicly traded currency to help finance acquisitions and to incentivize employees.\nStripe has tapped Cleary Gottlieb Steen & Hamilton LLP as a legal adviser on its early-stage listing preparations, the sources said. There has been no decision on the timing of the stock market debut, and the next step would be the hiring of investment banks later this year, the sources added. The listing would be unlikely to happen this year, two of the sources said.\nStripe is considering going public through a direct listing, rather than a traditional IPO, because it does not need to raise money, said two of the sources, cautioning that those plans could change.\nThe sources requested anonymity because the deliberations are confidential. Stripe and Cleary Gottlieb declined to comment.\nFounded in 2010 by Irish brothers Patrick and John Collison, Stripe processes hundreds of billions of dollars in transactions every year for millions of businesses worldwide. Its list of clients includes Alphabet Inc's Google, Uber Technologies Inc, Amazon.com Inc and Zoom Video Communications Inc. Early investors Elon Musk, Peter Thiel and Google’s venture capital arm.\nStripe's breakneck growth could result in it challenging Chinese technology giants Ant Group and ByteDance, whose valuations are close to $200 billion, for the title of world's most valuable startup by the time it goes public.\nJohn Collison told Bloomberg Television in an interview last month that Stripe, which has headquarters in both Dublin and San Francisco, may go public one day but that there were no current plans for a listing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586942068068860","authorId":"3586942068068860","name":"Keliang","avatar":"https://static.tigerbbs.com/9cdaf22ab463d1e010655e9112d351f9","crmLevel":2,"crmLevelSwitch":0,"idStr":"3586942068068860","authorIdStr":"3586942068068860"},"content":"Done Pls do same","text":"Done Pls do same","html":"Done Pls do same"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141989614,"gmtCreate":1625833077638,"gmtModify":1703749450055,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks.","listText":"Please like and comment, thanks.","text":"Please like and comment, thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/141989614","repostId":"2150374331","repostType":4,"repost":{"id":"2150374331","kind":"news","pubTimestamp":1625831700,"share":"https://ttm.financial/m/news/2150374331?lang=&edition=fundamental","pubTime":"2021-07-09 19:55","market":"us","language":"en","title":"Stamps.com Enters Definitive Agreement to be Acquired by Thoma Bravo in $6.6 Billion Transaction","url":"https://stock-news.laohu8.com/highlight/detail?id=2150374331","media":"StreetInsider","summary":"EL SEGUNDO, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--Stamps.com® (NASDAQ: STMP) (the “Company”), a l","content":"<p>EL SEGUNDO, Calif. &amp; SAN FRANCISCO--(BUSINESS WIRE)--Stamps.com® (NASDAQ: STMP) (the “Company”), a leading provider of e-commerce shipping solutions, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, in an all-cash transaction that values Stamps.com at approximately $6.6 billion.</p>\n<p>Under the terms of the agreement, Stamps.com stockholders will receive $330.00 per share in cash representing a premium of 67 percent over the Company’s closing share price on July 8, 2021, the last full trading day prior to the transaction announcement. The premium is 71 percent over the Company’s three-month volume-weighted average closing share price through July 8, 2021. Upon completion of the transaction, Stamps.com will become a private company with the flexibility and resources to continue to provide best-in-class global e-commerce technology solutions. Additionally, Stamps.com will benefit from the operating capabilities, capital support and deep sector expertise of Thoma Bravo – <a href=\"https://laohu8.com/S/AONE\">one</a> of the most experienced and successful software and technology investors in the world.</p>\n<p>“Today’s announcement marks a significant milestone in the history of Stamps.com and will provide us with a new and exciting platform from which we can continue to execute our global strategy driven by best-in-class software and technology solutions,” said Ken McBride, Stamps.com’s Chairman and CEO. “With the financial and operational support of Thoma Bravo, Stamps.com can continue to innovate and pursue growth opportunities to capture the expanding e-commerce shipping market and extend our position as the leading global multi-carrier e-commerce shipping software company. This transaction is a testament to the excellence and hard work of all of our employees and their relentless dedication to our customers and partners throughout the world.”</p>\n<p>“As the first company to introduce online postage and an early innovator in e-commerce shipping software, Stamps.com has established itself as a key technology solution in worldwide e-commerce,” said Holden Spaht, a Managing Partner at Thoma Bravo. “With a highly-seasoned management team that has driven impressive growth for more than twenty years, an innovative suite of market-leading software solutions, and a large and growing customer base, Stamps.com is well positioned to capitalize on the strong secular tailwinds in e-commerce and we are excited to support the Company in its next chapter of growth.”</p>\n<p>“We’ve been tracking the impressive growth of Stamps.com for many years and are excited to partner with the Stamps.com team to support the Company in continuing to drive cutting edge product innovation, expansion into new markets, and delivery of an even greater level of service and support to its impressive customer base,” said Brian Jaffee, a Principal at Thoma Bravo. “The e-commerce landscape is rapidly evolving and we look forward to partnering with the Stamps.com team to continue building on the Company’s leading position in e-commerce shipping solutions.”</p>\n<p><b>Transaction Details </b></p>\n<p>Stamps.com’s Board of Directors (the “Board”) has unanimously approved the agreement with Thoma Bravo and recommends that Stamps.com stockholders vote in favor of the transaction at the Special Meeting of Stockholders to be called in connection with the transaction.</p>\n<p>The agreement includes a 40-day “go-shop” period expiring August 18, 2021 which allows the Board and its advisors to actively initiate, solicit and consider alternative acquisition proposals from third parties. The Board will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement. There can be no assurance that this “go-shop” will result in a superior proposal, and Stamps.com does not intend to disclose developments with respect to the solicitation process unless and until it determines such disclosure is appropriate or otherwise required.</p>\n<p>The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions, including approval by Stamps.com stockholders and receipt of regulatory approvals. Upon closing of the transaction, the Company’s common stock will no longer be listed on any public market. The Company will continue to be headquartered in El Segundo, California.</p>\n<p><b>Advisors</b></p>\n<p>J.P. Morgan Securities LLC is acting as exclusive financial advisor to Stamps.com and Proskauer Rose LLP is acting as its legal counsel. Debt financing for the transaction is being provided by Blackstone Credit, credit funds managed by Ares Management Corporation, PSP Investments Credit II USA LLC and Thoma Bravo Credit. Kirkland &amp; Ellis LLP is serving as legal advisor for Thoma Bravo.</p>\n<p><b>About Stamps.com</b></p>\n<p>Stamps.com (NASDAQ: STMP) is the leading provider of e-commerce shipping software solutions to customers including consumers, small businesses, e-commerce shippers, enterprises, and high volume shippers. Stamps.com offers solutions that help businesses run their shipping operations more smoothly and function more successfully under the brand names Stamps.com, Endicia®, ShipStation®, ShipEngine®, ShippingEasy®, ShipWorks®, GlobalPost and Metapack™. Stamps.com’s family of brands provides seamless access to mailing and shipping services through integrations with more than 500 unique partner applications.</p>\n<p><b>About Thoma Bravo</b></p>\n<p>Thoma Bravo is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest private equity firms in the world, with more than $78 billion in assets under management as of March 31, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired more than 300 companies representing over $85 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco. For more information, visit thomabravo.com.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stamps.com Enters Definitive Agreement to be Acquired by Thoma Bravo in $6.6 Billion Transaction</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\">\nStamps.com Enters Definitive Agreement to be Acquired by Thoma Bravo in $6.6 Billion Transaction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 19:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18660427><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EL SEGUNDO, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--Stamps.com® (NASDAQ: STMP) (the “Company”), a leading provider of e-commerce shipping solutions, today announced that it has entered into a ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18660427\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STMP":"Stamps.com Inc"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18660427","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150374331","content_text":"EL SEGUNDO, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--Stamps.com® (NASDAQ: STMP) (the “Company”), a leading provider of e-commerce shipping solutions, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, in an all-cash transaction that values Stamps.com at approximately $6.6 billion.\nUnder the terms of the agreement, Stamps.com stockholders will receive $330.00 per share in cash representing a premium of 67 percent over the Company’s closing share price on July 8, 2021, the last full trading day prior to the transaction announcement. The premium is 71 percent over the Company’s three-month volume-weighted average closing share price through July 8, 2021. Upon completion of the transaction, Stamps.com will become a private company with the flexibility and resources to continue to provide best-in-class global e-commerce technology solutions. Additionally, Stamps.com will benefit from the operating capabilities, capital support and deep sector expertise of Thoma Bravo – one of the most experienced and successful software and technology investors in the world.\n“Today’s announcement marks a significant milestone in the history of Stamps.com and will provide us with a new and exciting platform from which we can continue to execute our global strategy driven by best-in-class software and technology solutions,” said Ken McBride, Stamps.com’s Chairman and CEO. “With the financial and operational support of Thoma Bravo, Stamps.com can continue to innovate and pursue growth opportunities to capture the expanding e-commerce shipping market and extend our position as the leading global multi-carrier e-commerce shipping software company. This transaction is a testament to the excellence and hard work of all of our employees and their relentless dedication to our customers and partners throughout the world.”\n“As the first company to introduce online postage and an early innovator in e-commerce shipping software, Stamps.com has established itself as a key technology solution in worldwide e-commerce,” said Holden Spaht, a Managing Partner at Thoma Bravo. “With a highly-seasoned management team that has driven impressive growth for more than twenty years, an innovative suite of market-leading software solutions, and a large and growing customer base, Stamps.com is well positioned to capitalize on the strong secular tailwinds in e-commerce and we are excited to support the Company in its next chapter of growth.”\n“We’ve been tracking the impressive growth of Stamps.com for many years and are excited to partner with the Stamps.com team to support the Company in continuing to drive cutting edge product innovation, expansion into new markets, and delivery of an even greater level of service and support to its impressive customer base,” said Brian Jaffee, a Principal at Thoma Bravo. “The e-commerce landscape is rapidly evolving and we look forward to partnering with the Stamps.com team to continue building on the Company’s leading position in e-commerce shipping solutions.”\nTransaction Details \nStamps.com’s Board of Directors (the “Board”) has unanimously approved the agreement with Thoma Bravo and recommends that Stamps.com stockholders vote in favor of the transaction at the Special Meeting of Stockholders to be called in connection with the transaction.\nThe agreement includes a 40-day “go-shop” period expiring August 18, 2021 which allows the Board and its advisors to actively initiate, solicit and consider alternative acquisition proposals from third parties. The Board will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement. There can be no assurance that this “go-shop” will result in a superior proposal, and Stamps.com does not intend to disclose developments with respect to the solicitation process unless and until it determines such disclosure is appropriate or otherwise required.\nThe transaction is expected to close in the third quarter of 2021, subject to customary closing conditions, including approval by Stamps.com stockholders and receipt of regulatory approvals. Upon closing of the transaction, the Company’s common stock will no longer be listed on any public market. The Company will continue to be headquartered in El Segundo, California.\nAdvisors\nJ.P. Morgan Securities LLC is acting as exclusive financial advisor to Stamps.com and Proskauer Rose LLP is acting as its legal counsel. Debt financing for the transaction is being provided by Blackstone Credit, credit funds managed by Ares Management Corporation, PSP Investments Credit II USA LLC and Thoma Bravo Credit. Kirkland & Ellis LLP is serving as legal advisor for Thoma Bravo.\nAbout Stamps.com\nStamps.com (NASDAQ: STMP) is the leading provider of e-commerce shipping software solutions to customers including consumers, small businesses, e-commerce shippers, enterprises, and high volume shippers. Stamps.com offers solutions that help businesses run their shipping operations more smoothly and function more successfully under the brand names Stamps.com, Endicia®, ShipStation®, ShipEngine®, ShippingEasy®, ShipWorks®, GlobalPost and Metapack™. Stamps.com’s family of brands provides seamless access to mailing and shipping services through integrations with more than 500 unique partner applications.\nAbout Thoma Bravo\nThoma Bravo is one of the largest private equity firms in the world, with more than $78 billion in assets under management as of March 31, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired more than 300 companies representing over $85 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco. For more information, visit thomabravo.com.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156435930,"gmtCreate":1625233706520,"gmtModify":1703739017618,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Finally Tesla is soaring.Please like and comment, thanks","listText":"Finally Tesla is soaring.Please like and comment, thanks","text":"Finally Tesla is soaring.Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/156435930","repostId":"1116704209","repostType":4,"repost":{"id":"1116704209","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625233295,"share":"https://ttm.financial/m/news/1116704209?lang=&edition=fundamental","pubTime":"2021-07-02 21:41","market":"us","language":"en","title":"Tesla shares stood at $700 for the first time since May 3","url":"https://stock-news.laohu8.com/highlight/detail?id=1116704209","media":"Tiger Newspress","summary":"Tesla shares stood at $700 for the first time since May 3.\n\nTesla Inc on Friday posted a record 201,","content":"<p>Tesla shares stood at $700 for the first time since May 3.</p>\n<p><img src=\"https://static.tigerbbs.com/75c00bec95ffda8fc80f6a0c562a76ff\" tg-width=\"840\" tg-height=\"470\"></p>\n<p>Tesla Inc on Friday posted a record 201,250 vehicle deliveries for the second quarter, beating Wall Street estimates, despite Chief Executive Officer Elon Musk's earlier warnings about a shortage of chips and raw materials.</p>\n<p>Analysts had expected the electric-car maker to deliver 200,258 vehicles, according to Refinitiv data.</p>\n<p><img src=\"https://static.tigerbbs.com/9611b4752891866d4583a65f27b75163\" tg-width=\"1030\" tg-height=\"243\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla shares stood at $700 for the first time since May 3</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares stood at $700 for the first time since May 3\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-02 21:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla shares stood at $700 for the first time since May 3.</p>\n<p><img src=\"https://static.tigerbbs.com/75c00bec95ffda8fc80f6a0c562a76ff\" tg-width=\"840\" tg-height=\"470\"></p>\n<p>Tesla Inc on Friday posted a record 201,250 vehicle deliveries for the second quarter, beating Wall Street estimates, despite Chief Executive Officer Elon Musk's earlier warnings about a shortage of chips and raw materials.</p>\n<p>Analysts had expected the electric-car maker to deliver 200,258 vehicles, according to Refinitiv data.</p>\n<p><img src=\"https://static.tigerbbs.com/9611b4752891866d4583a65f27b75163\" tg-width=\"1030\" tg-height=\"243\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116704209","content_text":"Tesla shares stood at $700 for the first time since May 3.\n\nTesla Inc on Friday posted a record 201,250 vehicle deliveries for the second quarter, beating Wall Street estimates, despite Chief Executive Officer Elon Musk's earlier warnings about a shortage of chips and raw materials.\nAnalysts had expected the electric-car maker to deliver 200,258 vehicles, according to Refinitiv data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114784962,"gmtCreate":1623106525556,"gmtModify":1704196000121,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks","listText":"Please like and comment, thanks","text":"Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/114784962","repostId":"1186461122","repostType":4,"repost":{"id":"1186461122","kind":"news","pubTimestamp":1623087369,"share":"https://ttm.financial/m/news/1186461122?lang=&edition=fundamental","pubTime":"2021-06-08 01:36","market":"us","language":"en","title":"JPMorgan's top equity strategist Kolanovic says the next market leg higher is coming soon","url":"https://stock-news.laohu8.com/highlight/detail?id=1186461122","media":"cnbc","summary":"After a calm spring, the stock market appears poised to push higher once again, according to JPMorga","content":"<div>\n<p>After a calm spring, the stock market appears poised to push higher once again, according to JPMorgan’s Marko Kolanovic.\nAfter a dramatic comeback in 2020 and strong start to this year, the equity ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/jpmorgans-top-equity-strategist-kolanovic-says-the-next-market-leg-higher-is-coming-soon.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan's top equity strategist Kolanovic says the next market leg higher is coming soon</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\">\nJPMorgan's top equity strategist Kolanovic says the next market leg higher is coming soon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 01:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/07/jpmorgans-top-equity-strategist-kolanovic-says-the-next-market-leg-higher-is-coming-soon.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a calm spring, the stock market appears poised to push higher once again, according to JPMorgan’s Marko Kolanovic.\nAfter a dramatic comeback in 2020 and strong start to this year, the equity ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/jpmorgans-top-equity-strategist-kolanovic-says-the-next-market-leg-higher-is-coming-soon.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/06/07/jpmorgans-top-equity-strategist-kolanovic-says-the-next-market-leg-higher-is-coming-soon.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1186461122","content_text":"After a calm spring, the stock market appears poised to push higher once again, according to JPMorgan’s Marko Kolanovic.\nAfter a dramatic comeback in 2020 and strong start to this year, the equity market has been stuck in neutral in recent weeks. TheS&P 500is trading near a record high, but has been bouncing around the 4,200 level for more than a month.\nKolanovic, who gained a following on Wall Street over the past two years for his timely market calls during the pandemic, said in a note to clients on Monday that the market was positioned for a breakout.\n“The next leg higher is likely upon us, following the sideways move in markets and bond yields over the past two months, with Cyclicals expected to do better again vs Defensives,” the note said. “Despite peaking in some activity indicators, the market is likely to get comfortable that growth will remain significantly above trend in 2H, supported by both consumer and capex.”\nThe prediction for a move higher in stocks is part of Kolanovic’s larger risk-on view. The trading pattern of the broader market appears consistent with a pause in a bull market and not a set-up for a pullback, he said.\n“Our outlook remains positive for risky asset classes, with expectations for Equities and Commodities to have the highest return, and bond yields to continue their move higher. This pro-risk view is driven by the ongoing recovery from the pandemic ... accommodative monetary stance from global central banks, and still below-average positioning in risky asset classes such as equities and commodities,” the note said.\nThe strategist did warn that market participants and economists appear to be underestimating the risk of inflation in the second half of the year. Rising prices and Fed policy changes could lead to higher interest rates and impact which stocks turn out to be winners, Kolanovic said.\n“This suggests that it is premature to come back to Tech, but Value and value-oriented sectors should continue to outperform,” the note said.\nKolanovic has been bullish recently, telling CNBC in May that the market was “getting cheap” and in Januarydownplayed concerns that stocks were in a bubble.","news_type":1},"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582108671334900","authorId":"3582108671334900","name":"joyciology","avatar":"https://static.tigerbbs.com/bd90c4b20dfdf9210ef5daec9af84af3","crmLevel":2,"crmLevelSwitch":1,"idStr":"3582108671334900","authorIdStr":"3582108671334900"},"content":"comment and like pls","text":"comment and like pls","html":"comment and like pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893564213,"gmtCreate":1628289755632,"gmtModify":1703504478740,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Like n comment&nbsp;","listText":"Like n comment&nbsp;","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/893564213","repostId":"1110501028","repostType":4,"repost":{"id":"1110501028","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628260468,"share":"https://ttm.financial/m/news/1110501028?lang=&edition=fundamental","pubTime":"2021-08-06 22:34","market":"hk","language":"en","title":"Tencent sued by the Haidian District Procuratorate","url":"https://stock-news.laohu8.com/highlight/detail?id=1110501028","media":"Tiger Newspress","summary":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","content":"<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</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>Tencent sued by the Haidian District Procuratorate</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\">\nTencent sued by the Haidian District Procuratorate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-06 22:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110501028","content_text":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","news_type":1},"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171555900,"gmtCreate":1626752256500,"gmtModify":1703764522487,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks","listText":"Please like and comment, thanks","text":"Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/171555900","repostId":"2152652683","repostType":4,"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150505905,"gmtCreate":1624919829207,"gmtModify":1703847722789,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks for the donuts","listText":"Please like and comment, thanks for the donuts","text":"Please like and comment, thanks for the donuts","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/150505905","repostId":"1150095060","repostType":4,"repost":{"id":"1150095060","kind":"news","pubTimestamp":1624874134,"share":"https://ttm.financial/m/news/1150095060?lang=&edition=fundamental","pubTime":"2021-06-28 17:55","market":"us","language":"en","title":"US IPO Week Ahead: DiDi makes its billion-dollar debut in a 17 IPO week","url":"https://stock-news.laohu8.com/highlight/detail?id=1150095060","media":"Renaissance Capital","summary":"17 IPOs are slated to raise $9.1 billion in this week, led by long-awaited Chinese ride-hailing giant $DiDi Global Inc.$.DiDi plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue more than double in the 1Q21 as its business recovered post-pandemic.New and existing investors intend to purchase $1.3 billion of the IPO.Cybersecurity platform $SentinelOne, Inc$","content":"<p>17 IPOs are slated to raise $9.1 billion in this week, led by long-awaited Chinese ride-hailing giant<b>&nbsp;<a href=\"https://laohu8.com/S/DIDI\">DiDi Global Inc.</a>.</b></p>\n<p><b>DiDi</b>&nbsp;plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue more than double in the 1Q21 as its business recovered post-pandemic.New and existing investors intend to purchase $1.3 billion of the IPO.</p>\n<p>Cybersecurity platform&nbsp;<b><a href=\"https://laohu8.com/S/S\">SentinelOne, Inc</a></b> plans to raise $880 million at an $8.2 billion market cap. SentinelOne's Singularity Platform is an AI-powered extended detection and response platform that ingests, correlates and queries petabytes of structured and unstructured data to provide autonomous cybersecurity defense. Fast growing and unprofitable, the company had over 4,700 customers as of 4/30/21, up from 2,700 a year prior.</p>\n<p>Turkish e-commerce platform&nbsp;<b>D-MARKET Electronic Services &amp; Trading</b>(HEPS) plans to raise $681 million at a $3.9 billion market cap. Operating under the name Hepsiburada, the company connected 33 million members, 9 million Active Customers, and a base of approximately 45 thousand Active Merchants in 2020. The company is fast growing but EBITDA swung negative in the 1Q21.</p>\n<p>Doughnut brand&nbsp;<a href=\"https://laohu8.com/S/DNUT\"><b>Krispy Kreme, Inc.</a> </b>plans to raise $600 million at a $3.8 billion market cap. Krispy Kreme is an omni-channel business operating through a network of doughnut shops, partnerships with retailers, and an e-Commerce and delivery business. The company has a long track record and strong brand awareness, though its growth strategy is unproven.</p>\n<p>Legal solutions provider&nbsp;<b><a href=\"https://laohu8.com/S/LZ\">LegalZoom.com, Inc</a> </b>plans to raise $488 million at a $5.3 billion market cap. LegalZoom states that it is a leading online platform for legal and compliance solutions, claiming that 10% of new LLCs and 5% of new corporations in the US were formed via LegalZoom in 2020. Profitable on an EBITDA basis in the 1Q21, the company operates across all 50 states and over 3,000 counties in the US.</p>\n<p>Identity verification platform&nbsp;<b><a href=\"https://laohu8.com/S/YOU\">Clear Secure, Inc.</a></b> plans to raise $376 million at a $4.1 billion market cap. Clear Secure's secure identity platform uses to automate the identity verification process, with main offerings including CLEAR Plus, a consumer aviation subscription service, and two mobile apps. As of 5/31/21, Clear Secure's network included 38 airports, 26 sports and entertainment partners, and 67 Health Pass-enabled partners.</p>\n<p>Chinese grocery delivery platform&nbsp;<b><a href=\"https://laohu8.com/S/DDL\">Dingdong (Cayman) Limited</a> </b>plans to raise $343 million at a $6.0 billion market cap. With fresh groceries as its core product categories, Dingdong states that it is the fastest growing on-demand e-commerce company in China. Unprofitable with explosive growth, the company had a 10% share of the on-demand e-commerce market by GMV in 2020.</p>\n<p>SaaS solutions provider&nbsp;<b><a href=\"https://laohu8.com/S/EVCM\">EverCommerce Inc.</a></b> plans to raise $325 million at a $3.4 billion market cap. EverCommerce is a leading provider of integrated, vertically-tailored SaaS solutions for service-based SMBs. The company serves over 500,000 customers across three core verticals: Home Services, Health Services, and Fitness &amp; Wellness Services.</p>\n<p>Software provider&nbsp;<b><a href=\"https://laohu8.com/S/INTA\">Intapp, Inc.</a> </b>plans to raise $278 million at a $1.9 billion market cap. Intapp provides industry-specific, cloud-based software solutions for the professional and financial services industry globally. The company had over 1,600 clients as of March 31, 2021, and it currently has more than 20 clients with contracts greater than $1 million of ARR.</p>\n<p>Online manufacturing marketplace&nbsp;<b><a href=\"https://laohu8.com/S/XMTR\">Xometry, Inc.</a></b> plans to raise $275 million at a $1.9 billion market cap. Xometry states that it is a leading AI-enabled marketplace for on-demand manufacturing. Its buyers include businesses ranging from self-funded start-ups to Fortune 100 companies. Since its inception, over 6.0 million parts have been manufactured through Xometry's platform.</p>\n<p><b><a href=\"https://laohu8.com/S/IAS\">Integral Ad Science Holding LLC</a> </b>plans to raise $240 million at a $2.5 billion market cap. The company’s technology provides metrics designed to verify that digital ads are served to a real person, viewable on-screen, and appear in a brand-safe and suitable environment in the correct geography. Profitable on an EBIT basis, Integral Ad Science served over 2,000 customers as of 3/31/21.</p>\n<p>Plus-sized women’s apparel brand&nbsp;<b><a href=\"https://laohu8.com/S/CURV\">Torrid Holdings</a> </b>plans to raise $156 million at a $2.1 billion market cap. Torrid is the largest direct-to-consumer brand of women's plus-size apparel and intimates in North America by net sales. The profitable company markets directly to consumers via physical stores and its e-commerce platform, which represented a majority of sales in the 12 months ended 5/1/21.</p>\n<p>Alzheimer’s biotech&nbsp;<b><a href=\"https://laohu8.com/S/ABOS\">Acumen Pharmaceuticals, Inc.</a></b> plans to raise $125 million at a $607 million market cap. The company's lead candidate, ACU193, is a humanized monoclonal antibody that selectively targets amyloid-beta oligomers. ACU193 entered a Phase 1 trial in patients with mild dementia or cognitive impairment due to AD in the 2Q21, with data expected by year end 2022.</p>\n<p>Digital financial services provider&nbsp;<b>AMTD Digital</b>(<a href=\"https://laohu8.com/S/HKD\">$(HKD)$</a>) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.</p>\n<p>Drug formulation developer&nbsp;<b>Aerovate Therapeutics</b>(<a href=\"https://laohu8.com/S/AVTE\">$(AVTE)$</a>) plans to raise $100 million at a $325 million market cap. Aerovate's initial focus is on advancing AV-101, a dry powder inhaled formulation of imatinib for the treatment of pulmonary arterial hypertension (PAH). The company has completed a Phase 1 study in healthy volunteers and expects to begin a Phase 2b/3 trial in PAH patients in the 2H21.</p>\n<p>Neuromodulation device provider<b>&nbsp;<a href=\"https://laohu8.com/S/CVRX\">CVRx Inc</a> </b>plans to raise $100 million at a $333 million market cap. CVRx manufactures and markets its minimally invasive neuromodulation solutions on its proprietary BAROSTIM platform. The company's states that its BAROSTEM NEO product is the first and only commercially available neuromodulation device indicated to improve symptoms for patients with heart failure with reduced ejection fraction.</p>\n<p>Belgium-listed&nbsp;<b>Nyxoah</b>(<a href=\"https://laohu8.com/S/NYXH\">$(NYXH)$</a>) plans to raise $87 million at an $803 million market cap. Nyxoah's lead product is the Genio system, a CE-marked, minimally-invasive hypoglossal neurostimulation therapy for obstructive sleep apnea. The company began generating revenue from Genio in Europe in July 2020 and is currently conducting a pivotal trial designed to support marketing authorization in the US.</p>\n<p><img src=\"https://static.tigerbbs.com/58f28d5f7f3b8e686c0bd006c2968b99\" tg-width=\"1131\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/508f1118f1d92b2b76391bc3610bd6c4\" tg-width=\"1131\" tg-height=\"657\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ed04cd42fa30b460fcf67e07efa6ddc7\" tg-width=\"1130\" tg-height=\"166\" referrerpolicy=\"no-referrer\"></p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/24/21, the Renaissance IPO Index was up 2.7% year-to-date, while the S&amp;P 500 was up 13.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 1.5% year-to-date, while the ACWX was up 10.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p>","source":"lsy1603787993745","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>US IPO Week Ahead: DiDi makes its billion-dollar debut in a 17 IPO week</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\">\nUS IPO Week Ahead: DiDi makes its billion-dollar debut in a 17 IPO week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/83318/US-IPO-Week-Ahead-DiDi-makes-its-billion-dollar-debut-in-a-17-IPO-week><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>17 IPOs are slated to raise $9.1 billion in this week, led by long-awaited Chinese ride-hailing giant DiDi Global Inc..\nDiDi plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/83318/US-IPO-Week-Ahead-DiDi-makes-its-billion-dollar-debut-in-a-17-IPO-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CURV":"Torrid Holdings","ABOS":"Acumen Pharmaceuticals, Inc.","EVCM":"EverCommerce Inc.","S":"SentinelOne, Inc","INTA":"Intapp, Inc.","DDL":"叮咚买菜","YOU":"Clear Secure, Inc.","CVRX":"CVRx, Inc.","IAS":"Integral Ad Science Holding","HEPS":"D-MARKET Electronic Services & Trading","DIDI":"滴滴(已退市)","DNUT":"Krispy Kreme, Inc.","XMTR":"Xometry, Inc.","LZ":"LegalZoom.com, Inc"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/83318/US-IPO-Week-Ahead-DiDi-makes-its-billion-dollar-debut-in-a-17-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150095060","content_text":"17 IPOs are slated to raise $9.1 billion in this week, led by long-awaited Chinese ride-hailing giant DiDi Global Inc..\nDiDi plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue more than double in the 1Q21 as its business recovered post-pandemic.New and existing investors intend to purchase $1.3 billion of the IPO.\nCybersecurity platform SentinelOne, Inc plans to raise $880 million at an $8.2 billion market cap. SentinelOne's Singularity Platform is an AI-powered extended detection and response platform that ingests, correlates and queries petabytes of structured and unstructured data to provide autonomous cybersecurity defense. Fast growing and unprofitable, the company had over 4,700 customers as of 4/30/21, up from 2,700 a year prior.\nTurkish e-commerce platform D-MARKET Electronic Services & Trading(HEPS) plans to raise $681 million at a $3.9 billion market cap. Operating under the name Hepsiburada, the company connected 33 million members, 9 million Active Customers, and a base of approximately 45 thousand Active Merchants in 2020. The company is fast growing but EBITDA swung negative in the 1Q21.\nDoughnut brand Krispy Kreme, Inc. plans to raise $600 million at a $3.8 billion market cap. Krispy Kreme is an omni-channel business operating through a network of doughnut shops, partnerships with retailers, and an e-Commerce and delivery business. The company has a long track record and strong brand awareness, though its growth strategy is unproven.\nLegal solutions provider LegalZoom.com, Inc plans to raise $488 million at a $5.3 billion market cap. LegalZoom states that it is a leading online platform for legal and compliance solutions, claiming that 10% of new LLCs and 5% of new corporations in the US were formed via LegalZoom in 2020. Profitable on an EBITDA basis in the 1Q21, the company operates across all 50 states and over 3,000 counties in the US.\nIdentity verification platform Clear Secure, Inc. plans to raise $376 million at a $4.1 billion market cap. Clear Secure's secure identity platform uses to automate the identity verification process, with main offerings including CLEAR Plus, a consumer aviation subscription service, and two mobile apps. As of 5/31/21, Clear Secure's network included 38 airports, 26 sports and entertainment partners, and 67 Health Pass-enabled partners.\nChinese grocery delivery platform Dingdong (Cayman) Limited plans to raise $343 million at a $6.0 billion market cap. With fresh groceries as its core product categories, Dingdong states that it is the fastest growing on-demand e-commerce company in China. Unprofitable with explosive growth, the company had a 10% share of the on-demand e-commerce market by GMV in 2020.\nSaaS solutions provider EverCommerce Inc. plans to raise $325 million at a $3.4 billion market cap. EverCommerce is a leading provider of integrated, vertically-tailored SaaS solutions for service-based SMBs. The company serves over 500,000 customers across three core verticals: Home Services, Health Services, and Fitness & Wellness Services.\nSoftware provider Intapp, Inc. plans to raise $278 million at a $1.9 billion market cap. Intapp provides industry-specific, cloud-based software solutions for the professional and financial services industry globally. The company had over 1,600 clients as of March 31, 2021, and it currently has more than 20 clients with contracts greater than $1 million of ARR.\nOnline manufacturing marketplace Xometry, Inc. plans to raise $275 million at a $1.9 billion market cap. Xometry states that it is a leading AI-enabled marketplace for on-demand manufacturing. Its buyers include businesses ranging from self-funded start-ups to Fortune 100 companies. Since its inception, over 6.0 million parts have been manufactured through Xometry's platform.\nIntegral Ad Science Holding LLC plans to raise $240 million at a $2.5 billion market cap. The company’s technology provides metrics designed to verify that digital ads are served to a real person, viewable on-screen, and appear in a brand-safe and suitable environment in the correct geography. Profitable on an EBIT basis, Integral Ad Science served over 2,000 customers as of 3/31/21.\nPlus-sized women’s apparel brand Torrid Holdings plans to raise $156 million at a $2.1 billion market cap. Torrid is the largest direct-to-consumer brand of women's plus-size apparel and intimates in North America by net sales. The profitable company markets directly to consumers via physical stores and its e-commerce platform, which represented a majority of sales in the 12 months ended 5/1/21.\nAlzheimer’s biotech Acumen Pharmaceuticals, Inc. plans to raise $125 million at a $607 million market cap. The company's lead candidate, ACU193, is a humanized monoclonal antibody that selectively targets amyloid-beta oligomers. ACU193 entered a Phase 1 trial in patients with mild dementia or cognitive impairment due to AD in the 2Q21, with data expected by year end 2022.\nDigital financial services provider AMTD Digital($(HKD)$) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.\nDrug formulation developer Aerovate Therapeutics($(AVTE)$) plans to raise $100 million at a $325 million market cap. Aerovate's initial focus is on advancing AV-101, a dry powder inhaled formulation of imatinib for the treatment of pulmonary arterial hypertension (PAH). The company has completed a Phase 1 study in healthy volunteers and expects to begin a Phase 2b/3 trial in PAH patients in the 2H21.\nNeuromodulation device provider CVRx Inc plans to raise $100 million at a $333 million market cap. CVRx manufactures and markets its minimally invasive neuromodulation solutions on its proprietary BAROSTIM platform. The company's states that its BAROSTEM NEO product is the first and only commercially available neuromodulation device indicated to improve symptoms for patients with heart failure with reduced ejection fraction.\nBelgium-listed Nyxoah($(NYXH)$) plans to raise $87 million at an $803 million market cap. Nyxoah's lead product is the Genio system, a CE-marked, minimally-invasive hypoglossal neurostimulation therapy for obstructive sleep apnea. The company began generating revenue from Genio in Europe in July 2020 and is currently conducting a pivotal trial designed to support marketing authorization in the US.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/24/21, the Renaissance IPO Index was up 2.7% year-to-date, while the S&P 500 was up 13.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 1.5% year-to-date, while the ACWX was up 10.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163630259,"gmtCreate":1623881479571,"gmtModify":1703822165058,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks","listText":"Please like and comment, thanks","text":"Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/163630259","repostId":"2143797877","repostType":4,"repost":{"id":"2143797877","kind":"highlight","pubTimestamp":1623856200,"share":"https://ttm.financial/m/news/2143797877?lang=&edition=fundamental","pubTime":"2021-06-16 23:10","market":"us","language":"en","title":"Why GEO Group Is Soaring 11% This Morning","url":"https://stock-news.laohu8.com/highlight/detail?id=2143797877","media":"Motley Fool","summary":"The private prison operator is the latest meme-stock fave.","content":"<h2>What happened</h2>\n<p>Shares of <b>GEO Group</b> (NYSE:GEO) were running 11% higher in morning trading Wednesday as the Reddit stock trading frenzy latched onto yet another stock that's heavily sold short.</p>\n<h2>So what</h2>\n<p>There was no real news to speak of regarding the private prison operator's business, but with over 35% of its outstanding shares sold short, GEO Group has been adopted as the latest meme stock to get retail investor support.</p>\n<p>While rallying around businesses being \"unfairly\" targeted by hedge funds and other short-sellers is fun, it's no way to invest and sometimes a business deserves the negative opinion held.</p>\n<h2>Now what</h2>\n<p>GEO Group is not in danger of going out of business, at least not anytime soon, but in the very first days of President Joe Biden's new administration, he ordered the Justice Department not to renew its contracts with private prison operators like GEO Group and peer <b>CoreCivic</b>.</p>\n<p>GEO Group's contracts don't begin expiring until 2022, so it has time left before any contracts it has under DOJ purview are killed off (Immigration and Customs Enforcement Homeland Security control are not affected).</p>\n<p>Yet, because GEO Group is structured as a real estate investment trust (REIT), the fact that it suspended its dividend in April to focus on its heavy debt load means the reason most people invest in REITs has been taken away.</p>\n<p>Yes, the business can survive and maybe the divided will be reinstated, but simply piling into a stock based on the number of shares sold short is no way to invest.</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>Why GEO Group Is Soaring 11% This Morning</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\">\nWhy GEO Group Is Soaring 11% This Morning\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/16/why-geo-group-is-soaring-11-this-morning/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened\nShares of GEO Group (NYSE:GEO) were running 11% higher in morning trading Wednesday as the Reddit stock trading frenzy latched onto yet another stock that's heavily sold short.\nSo what\n...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/16/why-geo-group-is-soaring-11-this-morning/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GEO":"GEO惩教集团"},"source_url":"https://www.fool.com/investing/2021/06/16/why-geo-group-is-soaring-11-this-morning/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143797877","content_text":"What happened\nShares of GEO Group (NYSE:GEO) were running 11% higher in morning trading Wednesday as the Reddit stock trading frenzy latched onto yet another stock that's heavily sold short.\nSo what\nThere was no real news to speak of regarding the private prison operator's business, but with over 35% of its outstanding shares sold short, GEO Group has been adopted as the latest meme stock to get retail investor support.\nWhile rallying around businesses being \"unfairly\" targeted by hedge funds and other short-sellers is fun, it's no way to invest and sometimes a business deserves the negative opinion held.\nNow what\nGEO Group is not in danger of going out of business, at least not anytime soon, but in the very first days of President Joe Biden's new administration, he ordered the Justice Department not to renew its contracts with private prison operators like GEO Group and peer CoreCivic.\nGEO Group's contracts don't begin expiring until 2022, so it has time left before any contracts it has under DOJ purview are killed off (Immigration and Customs Enforcement Homeland Security control are not affected).\nYet, because GEO Group is structured as a real estate investment trust (REIT), the fact that it suspended its dividend in April to focus on its heavy debt load means the reason most people invest in REITs has been taken away.\nYes, the business can survive and maybe the divided will be reinstated, but simply piling into a stock based on the number of shares sold short is no way to invest.","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186716188,"gmtCreate":1623542046044,"gmtModify":1704205580240,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Comment please","listText":"Comment please","text":"Comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/186716188","repostId":"2142204074","repostType":4,"repost":{"id":"2142204074","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":1623441637,"share":"https://ttm.financial/m/news/2142204074?lang=&edition=fundamental","pubTime":"2021-06-12 04:00","market":"us","language":"en","title":"S&P ekes out gains to close languid week","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204074","media":"Reuters","summary":"NEW YORK, June 11  - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th","content":"<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis 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 ekes out gains to close languid week</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 ekes out gains to close languid week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-12 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis 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",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF",".SPX":"S&P 500 Index","SDS":"两倍做空标普500ETF","OEX":"标普100","DXD":"道指两倍做空ETF","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF","DJX":"1/100道琼斯","SH":"标普500反向ETF","DDM":"道指两倍做多ETF","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","IVV":"标普500指数ETF","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","DOG":"道指反向ETF","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","SQQQ":"纳指三倍做空ETF","SDOW":"道指三倍做空ETF-ProShares",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204074","content_text":"NEW YORK, June 11 (Reuters) - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.\nEconomically sensitive smallcaps and transports notched solid gains, outperforming the broader market.\nFor the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.\nBut the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.\n\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"\n\"So, investors are going to wait until earnings season.\"\nThe Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.\nInvestors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.\n\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.\nBenchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.\nThe Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's\nAlzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.\nBiogen shares, along with the broader healthcare sector ended the session lower.\nUnofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite added 49.09 points, or 0.35%, to 14,069.42.\nAmong the 11 major sectors in the S&P 500, healthcare suffered the biggest percentage drop.\nMuch of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.\nBut meme stock moves were more muted on Friday, with AMC Entertainment outperforming.\n(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134297880,"gmtCreate":1622239957540,"gmtModify":1704181973782,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks","listText":"Please like and comment, thanks","text":"Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/134297880","repostId":"2138948877","repostType":4,"repost":{"id":"2138948877","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1622215813,"share":"https://ttm.financial/m/news/2138948877?lang=&edition=fundamental","pubTime":"2021-05-28 23:30","market":"us","language":"en","title":"The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2138948877","media":"Investors","summary":"Vacation trends reveal shifts toward privacy, luxury and family, continuing a transformative period for leisure and travel stocks.","content":"<p>Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like <b>Airbnb</b> that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.</p><p>Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.</p><p>\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"</p><p>One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.</p><p>And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.</p><p>Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.</p><h2>Leisure, Travel Industry Stocks</h2><p>Shares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.</p><p>Airline stocks&nbsp;like <b>American Airlines</b>, <b>United Airlines</b> and <b>Delta Air Lines</b> surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.</p><p>Cruise stocks like <b>Carnival</b>, <b>Royal Caribbean</b> and <b>Norwegian Cruise Line</b> are showing similar patterns.</p><p>Meanwhile, shares of boat makers <b>MarineMax</b> and <b>Brunswick</b> as well as RV makers <b>Winnebago</b> and <b>Thor Industries</b> need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.</p><p>Hotel leader <b>Marriott</b> has been less volatile and is forming a base, though earnings and sales have yet to fully recover.</p><p>Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from <b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a></b> rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.</p><h2><b>When Luxury Means More Privacy</b></h2><p>Luxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.</p><p>Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"</p><p>Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.</p><p>They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.</p><p>Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.</p><p>In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.</p><p>Private jet leasing company NetJets, which is owned by <b>Berkshire Hathaway</b>, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.</p><p>Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.</p><h2><b>Vacation Shift Favors These Travel Stocks</b></h2><p>Hotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.</p><p>Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.</p><p>The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes &amp; Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.</p><p>The Homes &amp; Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.</p><p>\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.</p><p>Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.</p><p>\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.</p><h2><b>Seaworthy Travel Stocks </b></h2><p>Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.</p><p>One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.</p><p>But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.</p><p>\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"</p><p>The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick&nbsp;as well as sport boat maker <b>Malibu Boats</b>.</p><p>\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.</p><h2><b>Travel Stocks For Being Alone Together</b></h2><p>The desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.</p><p>\"The rediscovery of America will continue this summer,\" Weissman said.</p><p>The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.</p><p>Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.</p><p>\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"</p><p>Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.</p><h2><b>Work-Life Rebalance</b></h2><p>As people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.</p><p>Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.</p><p>Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"</p><p>Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.</p><p>\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"</p><h2>Future Of Business Travel?</h2><p>That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.</p><p>Experts say fewer workers may fly for <a href=\"https://laohu8.com/S/AONE\">one</a>-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.</p><p>When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in <a href=\"https://laohu8.com/S/AONE.U\">one</a> house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.</p><p>That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.</p><p>\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"</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>The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever</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\">\nThe Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-05-28 23:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like <b>Airbnb</b> that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.</p><p>Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.</p><p>\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"</p><p>One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.</p><p>And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.</p><p>Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.</p><h2>Leisure, Travel Industry Stocks</h2><p>Shares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.</p><p>Airline stocks&nbsp;like <b>American Airlines</b>, <b>United Airlines</b> and <b>Delta Air Lines</b> surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.</p><p>Cruise stocks like <b>Carnival</b>, <b>Royal Caribbean</b> and <b>Norwegian Cruise Line</b> are showing similar patterns.</p><p>Meanwhile, shares of boat makers <b>MarineMax</b> and <b>Brunswick</b> as well as RV makers <b>Winnebago</b> and <b>Thor Industries</b> need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.</p><p>Hotel leader <b>Marriott</b> has been less volatile and is forming a base, though earnings and sales have yet to fully recover.</p><p>Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from <b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a></b> rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.</p><h2><b>When Luxury Means More Privacy</b></h2><p>Luxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.</p><p>Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"</p><p>Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.</p><p>They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.</p><p>Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.</p><p>In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.</p><p>Private jet leasing company NetJets, which is owned by <b>Berkshire Hathaway</b>, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.</p><p>Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.</p><h2><b>Vacation Shift Favors These Travel Stocks</b></h2><p>Hotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.</p><p>Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.</p><p>The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes &amp; Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.</p><p>The Homes &amp; Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.</p><p>\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.</p><p>Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.</p><p>\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.</p><h2><b>Seaworthy Travel Stocks </b></h2><p>Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.</p><p>One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.</p><p>But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.</p><p>\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"</p><p>The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick&nbsp;as well as sport boat maker <b>Malibu Boats</b>.</p><p>\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.</p><h2><b>Travel Stocks For Being Alone Together</b></h2><p>The desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.</p><p>\"The rediscovery of America will continue this summer,\" Weissman said.</p><p>The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.</p><p>Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.</p><p>\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"</p><p>Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.</p><h2><b>Work-Life Rebalance</b></h2><p>As people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.</p><p>Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.</p><p>Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"</p><p>Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.</p><p>\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"</p><h2>Future Of Business Travel?</h2><p>That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.</p><p>Experts say fewer workers may fly for <a href=\"https://laohu8.com/S/AONE\">one</a>-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.</p><p>When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in <a href=\"https://laohu8.com/S/AONE.U\">one</a> house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.</p><p>That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.</p><p>\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WGO":"温尼巴格实业"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138948877","content_text":"Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like Airbnb that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.Leisure, Travel Industry StocksShares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.Airline stocks like American Airlines, United Airlines and Delta Air Lines surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.Cruise stocks like Carnival, Royal Caribbean and Norwegian Cruise Line are showing similar patterns.Meanwhile, shares of boat makers MarineMax and Brunswick as well as RV makers Winnebago and Thor Industries need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.Hotel leader Marriott has been less volatile and is forming a base, though earnings and sales have yet to fully recover.Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from Expedia rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.When Luxury Means More PrivacyLuxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.Private jet leasing company NetJets, which is owned by Berkshire Hathaway, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.Vacation Shift Favors These Travel StocksHotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes & Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.The Homes & Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.Seaworthy Travel Stocks Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick as well as sport boat maker Malibu Boats.\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.Travel Stocks For Being Alone TogetherThe desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.\"The rediscovery of America will continue this summer,\" Weissman said.The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.Work-Life RebalanceAs people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"Future Of Business Travel?That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.Experts say fewer workers may fly for one-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in one house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":93,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101943423,"gmtCreate":1619839754762,"gmtModify":1704335622431,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/101943423","repostId":"1155857726","repostType":4,"repost":{"id":"1155857726","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619795809,"share":"https://ttm.financial/m/news/1155857726?lang=&edition=fundamental","pubTime":"2021-04-30 23:16","market":"us","language":"en","title":"Fed's Kaplan sees financial market 'excesses,' eyes QE taper","url":"https://stock-news.laohu8.com/highlight/detail?id=1155857726","media":"Reuters","summary":"Dallas Federal Reserve Bank President Robert Kaplan on Friday warned of imbalances in U.S. financial","content":"<p>Dallas Federal Reserve Bank President Robert Kaplan on Friday warned of imbalances in U.S. financial markets and said he now believes the economy will meet the benchmarks the central bank set out for trimming its bond buying sooner than he had anticipated.</p>\n<p>\"We are now at a point where I'm observing excesses and imbalances in financial markets,\" Kaplan told the Montgomery Area Chamber of Commerce, pointing to the elevated stock market, credit spreads, and a \"historically\" robust housing market. \"I do think, at the earliest opportunity, I think it would be appropriate for us to start talking about adjusting those purchases,\" referring to the Fed's $120 billion in monthly bond buys known as quantitative easing, or QE.</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>Fed's Kaplan sees financial market 'excesses,' eyes QE taper</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\">\nFed's Kaplan sees financial market 'excesses,' eyes QE taper\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\">2021-04-30 23:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Dallas Federal Reserve Bank President Robert Kaplan on Friday warned of imbalances in U.S. financial markets and said he now believes the economy will meet the benchmarks the central bank set out for trimming its bond buying sooner than he had anticipated.</p>\n<p>\"We are now at a point where I'm observing excesses and imbalances in financial markets,\" Kaplan told the Montgomery Area Chamber of Commerce, pointing to the elevated stock market, credit spreads, and a \"historically\" robust housing market. \"I do think, at the earliest opportunity, I think it would be appropriate for us to start talking about adjusting those purchases,\" referring to the Fed's $120 billion in monthly bond buys known as quantitative easing, or QE.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155857726","content_text":"Dallas Federal Reserve Bank President Robert Kaplan on Friday warned of imbalances in U.S. financial markets and said he now believes the economy will meet the benchmarks the central bank set out for trimming its bond buying sooner than he had anticipated.\n\"We are now at a point where I'm observing excesses and imbalances in financial markets,\" Kaplan told the Montgomery Area Chamber of Commerce, pointing to the elevated stock market, credit spreads, and a \"historically\" robust housing market. \"I do think, at the earliest opportunity, I think it would be appropriate for us to start talking about adjusting those purchases,\" referring to the Fed's $120 billion in monthly bond buys known as quantitative easing, or QE.","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179587731,"gmtCreate":1626564780323,"gmtModify":1703761671553,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/179587731","repostId":"1198202103","repostType":4,"repost":{"id":"1198202103","kind":"news","pubTimestamp":1626481985,"share":"https://ttm.financial/m/news/1198202103?lang=&edition=fundamental","pubTime":"2021-07-17 08:33","market":"us","language":"en","title":"Dow drops nearly 300 points on Friday, snaps 3-week winning streak","url":"https://stock-news.laohu8.com/highlight/detail?id=1198202103","media":"CNBC","summary":"U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as ","content":"<div>\n<p>U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow drops nearly 300 points on Friday, snaps 3-week winning streak</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow drops nearly 300 points on Friday, snaps 3-week winning streak\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-17 08:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/07/15/stock-market-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1198202103","content_text":"U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports.\nThe Dow lost 299.17 points, or 0.86%, to close at 34,687.85. The S&P 500 dipped 0.75% to 4,327.16 and the Nasdaq Composite shed 0.8% to 14,427.24.\nThe three averages closed the week lower to each snap 3-week win streaks. The Dow ended the week down 0.52%, while the S&P 500 dipped 0.97% and the Nasdaq Composite fell 1.87% during the same period.\n\nA U.S.consumer sentimentindex from the University of Michigan came in at 80.8 for the first half of July, down from 85.5 last month and worse than estimates from economists, who projected an increase. The report released Friday showed inflation expectations rising, with consumers believing prices will increase 4.8% in the next year, the highest level since August 2008.\nThe Dow gave up its gains early Friday shortly after the University of Michigan report came out 30 minutes into the session. Losses increased as the day went on with major averages closing at the lows of the session.\nThe consumer sentiment weakness “is at face value hard to square with the acceleration in employment growth and the continued resilience of the stock market,” said Andrew Hunter, senior U.S. economist at Capital Economics, but the report “suggested that concerns over surging inflation are now outweighing those positive trends.”\nInflation fears\nThe market was held back all week by inflation fears although the S&P 500 and Dow did touch new all-time highs briefly. On Tuesday, theconsumer price indexshowed a 5.4% increase in June from a year ago, the fastest pace in nearly 13 years.\nStocks got off to a good start Friday with the Dow rising more than 100 points to above 35,000 shortly after the open.Data released before the bell showed retail and food service salesrose 0.6% in June, while economists surveyed by Dow Jones had expected a 0.4% decline. If that level held, it would have been the Dow’s first close ever above 35,000.\nDespite the week’s losses, the Dow is still up 13% for the year and sits just 1.15% from an all-time high. The S&P 500 is up 15% on the year and is 1.51% below its record level.\n“The market looks broadly fairly valued to me, with most stocks priced to provide a market rate of return plus or minus a few percent,” Bill Miller, chairman and chief investment officer of Miller Value Partners,said in an investor letter.\n“There are pockets of what look like appreciable over-valuation and pockets of significant undervaluation in the US market, in my opinion. We can find plenty of names to fill our portfolios and so remain fully invested,” the value investor added.\nEnergy correction\nEnergy stocks, the hottest part of the market in 2021, fell into correction territory on Friday as oil prices pulled back from their highs.\nThe Energy Select Sector SPDR Fund fell more than 2% on Friday, the worst of any group, dropping 14% from its high. Still, the sector is up about 28% in 2021, making it the top performer of any of the 11 main industry groups.\nWeaker performance from technology stocks also weighed on the market Friday. Shares of Apple closed 1.4% lower afternotching a record closejust two days prior. Netflix shares fell ahead of the streaming giant’s second-quarter earnings report next week.\nInvestors digested strong earnings results from the first major week of second-quarter reports. Though some of the nation’s largest companies posted healthy earnings and revenues amid the economic recovery, the reaction in the stock market has so far been muted.\nThe Financial Select Sector SPDR Fund ended the week 1.5% lower despite big profit growth numbers posted by the likes of JPMorgan Chase and Bank of America.\n“Good earnings might have become an excuse for some investors to take profit. And with earnings expectations so high in general, it takes a really big beat for a company to impress,” JJ Kinahan, TD Ameritrade chief market strategist, said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165973619,"gmtCreate":1624090844931,"gmtModify":1703828683712,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks","listText":"Please like and comment, thanks","text":"Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/165973619","repostId":"1161408410","repostType":4,"repost":{"id":"1161408410","kind":"news","pubTimestamp":1624065771,"share":"https://ttm.financial/m/news/1161408410?lang=&edition=fundamental","pubTime":"2021-06-19 09:22","market":"us","language":"en","title":"Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie","url":"https://stock-news.laohu8.com/highlight/detail?id=1161408410","media":"benzinga","summary":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers,","content":"<p><i>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.</i></p>\n<p>If you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss:&nbsp;More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.</p>\n<p>Crazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.</p>\n<p>But the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,<b>Eddie Antar.</b></p>\n<p><b>An Audacious Start:</b>Eddie Antar was born in Brooklyn, New York,&nbsp;on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.</p>\n<p>By 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.</p>\n<p>At the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price&nbsp;all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.</p>\n<p>Some manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.</p>\n<p>The stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.</p>\n<p>But how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work&nbsp;enabled them to put their ethics on hold.</p>\n<p>“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”</p>\n<p>Sights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.</p>\n<p>Antar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.</p>\n<p>The co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.</p>\n<p><b>An Advertising Assault:</b>The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion —&nbsp;he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.</p>\n<p>Antar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>Rather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as&nbsp;his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.</p>\n<p>It was through the television commercials&nbsp;Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater —&nbsp;and stood surrounded by displays of the electronics being peddled.</p>\n<p>Each commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.</p>\n<p>Carroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.</p>\n<p>He would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>There would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.</p>\n<p>A couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.</p>\n<p><b>Not So Funny:</b>After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.</p>\n<p>But as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.</p>\n<p>Antar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.</p>\n<p>“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.</p>\n<p>\"People have a certain idea of Crazy Eddie —&nbsp;in reality, it was a dark criminal enterprise.”</p>\n<p>Antar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.</p>\n<p>Eventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable:&nbsp;Antar decided to take Crazy Eddie public.</p>\n<p><b>Hello, Wall Street:</b>Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.</p>\n<p>Two years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.</p>\n<p>Why Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.</p>\n<p>The increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.</p>\n<p>Antar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down —&nbsp;and&nbsp;while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.</p>\n<p>The company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.</p>\n<p>The chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.</p>\n<p>\"By any measure, this is a staggering securities fraud,\" said<b>Michael Chertoff</b>, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.</p>\n<p>By 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.</p>\n<p>Antar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.</p>\n<p>“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”</p>\n<p>In July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.</p>\n<p>Rather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.</p>\n<p><b>The Legend Lives On:</b>Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.</p>\n<p>Several attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.</p>\n<p>In June 2019,<b>Jon Turteltaub</b>, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.</p>\n<p>Many of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.</p>\n<p>Antar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.</p>\n<p>“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”</p>","source":"lsy1606299360108","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>Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie</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\">\nWall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161408410","content_text":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss: More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.\nCrazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.\nBut the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,Eddie Antar.\nAn Audacious Start:Eddie Antar was born in Brooklyn, New York, on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.\nBy 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.\nAt the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.\nSome manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.\nThe stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.\nBut how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work enabled them to put their ethics on hold.\n“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”\nSights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.\nAntar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.\nThe co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.\nAn Advertising Assault:The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion — he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.\nAntar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie — his prices are in-saaaaaaaaane.”\nRather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.\nIt was through the television commercials Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater — and stood surrounded by displays of the electronics being peddled.\nEach commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.\nCarroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.\nHe would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie — his prices are in-saaaaaaaaane.”\nThere would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.\nA couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.\nNot So Funny:After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.\nBut as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.\nAntar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.\n“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.\n\"People have a certain idea of Crazy Eddie — in reality, it was a dark criminal enterprise.”\nAntar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.\nEventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable: Antar decided to take Crazy Eddie public.\nHello, Wall Street:Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.\nTwo years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.\nWhy Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.\nThe increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.\nAntar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down — and while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.\nThe company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.\nThe chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.\n\"By any measure, this is a staggering securities fraud,\" saidMichael Chertoff, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.\nBy 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.\nAntar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.\n“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”\nIn July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.\nRather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.\nThe Legend Lives On:Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.\nSeveral attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.\nIn June 2019,Jon Turteltaub, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.\nMany of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.\nAntar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.\n“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110222542,"gmtCreate":1622462486886,"gmtModify":1704184743137,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment thanks","listText":"Please like and comment thanks","text":"Please like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/110222542","repostId":"1190963228","repostType":4,"repost":{"id":"1190963228","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1622462311,"share":"https://ttm.financial/m/news/1190963228?lang=&edition=fundamental","pubTime":"2021-05-31 19:58","market":"uk","language":"en","title":"Porsche, Piech families weigh direct stake in possible Porsche IPO-sources","url":"https://stock-news.laohu8.com/highlight/detail?id=1190963228","media":"Reuters","summary":"The Porsche and Piech families, who control Volkswagen's largest shareholder, are prepared to take a","content":"<p>The Porsche and Piech families, who control Volkswagen's&nbsp;largest shareholder, are prepared to take a direct stake in Porsche AG should the luxury carmaker be separately listed, two people familiar with the matter said.</p>\n<p>Such a move would loosen the families' grip on Europe's largest carmaker Volkswagen, in favour of direct ownership of the iconic sports car brand, founded by their ancestor Ferdinand Porsche, which dates back to 1931.</p>\n<p>Speculation about a listing of the unit earlier this year included estimates of a standalone valuation of Porsche AG ranging from 45 billion to 90 billion euros ($55 billion-$110 billion), compared with 135 billion for the Volkswagen group.</p>\n<p>While saying that a possible initial public offering (IPO) of Porsche AG is not high up on the agenda, Volkswagen continues to weigh scenarios for a listing, the people said, adding that the key obstacle remained VW's complex stakeholder set-up.</p>\n<p>That set-up was carefully crafted in the wake of a failed takeover of Volkswagen by Porsche in 2009, which resulted in Volkswagen acquiring the well-known brand while the Porsche and Piech families became VW's most influential investors.</p>\n<p>No decision has been made by Volkswagen on whether to separately list Porsche AG and there is no guarantee that such a move will happen, the people said.</p>\n<p>Today, the families hold all ordinary shares of Porsche Automobil Holding SE, which owns more than half of the voting rights as well as a 31.4% equity stake in Volkswagen.</p>\n<p>Porsche Automobil Holding and Volkswagen declined to comment.</p>\n<p>Selling some voting rights in Volkswagen to co-shareholder Lower Saxony, which holds a 20% voting stake, would be one way for the families to gain direct ownership in the namesake brand while keeping activist investors out, Stifel analysts say.</p>\n<p>\"We believe this scenario would satisfy all parties,\" they wrote, adding that while the families would regain some control of Porsche AG, Lower Saxony would have a blocking minority and unions would be happy about the cash inflow.</p>\n<p>Asked about a possible listing earlier this month, Volkswagen Chief Executive Herbert Diess said the group's current cash flow was sufficient to fund an ambitious turnaround to become the world's largest maker of electric vehicles.</p>\n<p>($1 = 0.8201 euros)</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>Porsche, Piech families weigh direct stake in possible Porsche IPO-sources</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\">\nPorsche, Piech families weigh direct stake in possible Porsche IPO-sources\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\">2021-05-31 19:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The Porsche and Piech families, who control Volkswagen's&nbsp;largest shareholder, are prepared to take a direct stake in Porsche AG should the luxury carmaker be separately listed, two people familiar with the matter said.</p>\n<p>Such a move would loosen the families' grip on Europe's largest carmaker Volkswagen, in favour of direct ownership of the iconic sports car brand, founded by their ancestor Ferdinand Porsche, which dates back to 1931.</p>\n<p>Speculation about a listing of the unit earlier this year included estimates of a standalone valuation of Porsche AG ranging from 45 billion to 90 billion euros ($55 billion-$110 billion), compared with 135 billion for the Volkswagen group.</p>\n<p>While saying that a possible initial public offering (IPO) of Porsche AG is not high up on the agenda, Volkswagen continues to weigh scenarios for a listing, the people said, adding that the key obstacle remained VW's complex stakeholder set-up.</p>\n<p>That set-up was carefully crafted in the wake of a failed takeover of Volkswagen by Porsche in 2009, which resulted in Volkswagen acquiring the well-known brand while the Porsche and Piech families became VW's most influential investors.</p>\n<p>No decision has been made by Volkswagen on whether to separately list Porsche AG and there is no guarantee that such a move will happen, the people said.</p>\n<p>Today, the families hold all ordinary shares of Porsche Automobil Holding SE, which owns more than half of the voting rights as well as a 31.4% equity stake in Volkswagen.</p>\n<p>Porsche Automobil Holding and Volkswagen declined to comment.</p>\n<p>Selling some voting rights in Volkswagen to co-shareholder Lower Saxony, which holds a 20% voting stake, would be one way for the families to gain direct ownership in the namesake brand while keeping activist investors out, Stifel analysts say.</p>\n<p>\"We believe this scenario would satisfy all parties,\" they wrote, adding that while the families would regain some control of Porsche AG, Lower Saxony would have a blocking minority and unions would be happy about the cash inflow.</p>\n<p>Asked about a possible listing earlier this month, Volkswagen Chief Executive Herbert Diess said the group's current cash flow was sufficient to fund an ambitious turnaround to become the world's largest maker of electric vehicles.</p>\n<p>($1 = 0.8201 euros)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLKAF":"Volkswagen AG","0JHU.UK":"PORSCHE AUTOMOB","POAHF":"Porsche Automobile Holding SE","VLKPF":"Volkswagen AG"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190963228","content_text":"The Porsche and Piech families, who control Volkswagen's largest shareholder, are prepared to take a direct stake in Porsche AG should the luxury carmaker be separately listed, two people familiar with the matter said.\nSuch a move would loosen the families' grip on Europe's largest carmaker Volkswagen, in favour of direct ownership of the iconic sports car brand, founded by their ancestor Ferdinand Porsche, which dates back to 1931.\nSpeculation about a listing of the unit earlier this year included estimates of a standalone valuation of Porsche AG ranging from 45 billion to 90 billion euros ($55 billion-$110 billion), compared with 135 billion for the Volkswagen group.\nWhile saying that a possible initial public offering (IPO) of Porsche AG is not high up on the agenda, Volkswagen continues to weigh scenarios for a listing, the people said, adding that the key obstacle remained VW's complex stakeholder set-up.\nThat set-up was carefully crafted in the wake of a failed takeover of Volkswagen by Porsche in 2009, which resulted in Volkswagen acquiring the well-known brand while the Porsche and Piech families became VW's most influential investors.\nNo decision has been made by Volkswagen on whether to separately list Porsche AG and there is no guarantee that such a move will happen, the people said.\nToday, the families hold all ordinary shares of Porsche Automobil Holding SE, which owns more than half of the voting rights as well as a 31.4% equity stake in Volkswagen.\nPorsche Automobil Holding and Volkswagen declined to comment.\nSelling some voting rights in Volkswagen to co-shareholder Lower Saxony, which holds a 20% voting stake, would be one way for the families to gain direct ownership in the namesake brand while keeping activist investors out, Stifel analysts say.\n\"We believe this scenario would satisfy all parties,\" they wrote, adding that while the families would regain some control of Porsche AG, Lower Saxony would have a blocking minority and unions would be happy about the cash inflow.\nAsked about a possible listing earlier this month, Volkswagen Chief Executive Herbert Diess said the group's current cash flow was sufficient to fund an ambitious turnaround to become the world's largest maker of electric vehicles.\n($1 = 0.8201 euros)","news_type":1},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577097645660752","authorId":"3577097645660752","name":"JiaLe","avatar":"https://static.tigerbbs.com/24a1ed581cfd6c2dbde8ebd02058830d","crmLevel":2,"crmLevelSwitch":0,"idStr":"3577097645660752","authorIdStr":"3577097645660752"},"content":"Like and comment Back","text":"Like and comment Back","html":"Like and comment Back"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107192961,"gmtCreate":1620449770853,"gmtModify":1704343937904,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Tesla for the win, like and comment pls","listText":"Tesla for the win, like and comment pls","text":"Tesla for the win, like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/107192961","repostId":"1120563519","repostType":4,"repost":{"id":"1120563519","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620445920,"share":"https://ttm.financial/m/news/1120563519?lang=&edition=fundamental","pubTime":"2021-05-08 11:52","market":"hk","language":"en","title":"Tesla Raises China Model 3 Prices, Citing Cost Fluctuations","url":"https://stock-news.laohu8.com/highlight/detail?id=1120563519","media":"Tiger Newspress","summary":"Tesla Inc.raised the price of a Model 3 sedan in China by 1,000 yuan ($155) from Saturday, citing co","content":"<p>Tesla Inc.raised the price of a Model 3 sedan in <a href=\"https://laohu8.com/S/CAAS\">China</a> by 1,000 yuan ($155) from Saturday, citing cost fluctuations.</p><p>The basic model of the vehicle is now priced at 250,900 yuan, the automaker said in aposton its <a href=\"https://laohu8.com/S/WB\">Weibo</a> social media account.</p><p>China’sinflationis generally under control, The Economic Daily reported Friday, citing an official from the <a href=\"https://laohu8.com/S/NHLD\">National</a> Bureau of Statistics.<img src=\"https://static.tigerbbs.com/aedaee7c79ea684b08f11620857e02a7\" tg-width=\"741\" tg-height=\"336\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Raises China Model 3 Prices, Citing Cost Fluctuations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Raises China Model 3 Prices, Citing Cost Fluctuations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-08 11:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla Inc.raised the price of a Model 3 sedan in <a href=\"https://laohu8.com/S/CAAS\">China</a> by 1,000 yuan ($155) from Saturday, citing cost fluctuations.</p><p>The basic model of the vehicle is now priced at 250,900 yuan, the automaker said in aposton its <a href=\"https://laohu8.com/S/WB\">Weibo</a> social media account.</p><p>China’sinflationis generally under control, The Economic Daily reported Friday, citing an official from the <a href=\"https://laohu8.com/S/NHLD\">National</a> Bureau of Statistics.<img src=\"https://static.tigerbbs.com/aedaee7c79ea684b08f11620857e02a7\" tg-width=\"741\" tg-height=\"336\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120563519","content_text":"Tesla Inc.raised the price of a Model 3 sedan in China by 1,000 yuan ($155) from Saturday, citing cost fluctuations.The basic model of the vehicle is now priced at 250,900 yuan, the automaker said in aposton its Weibo social media account.China’sinflationis generally under control, The Economic Daily reported Friday, citing an official from the National Bureau of Statistics.","news_type":1},"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578570760040163","authorId":"3578570760040163","name":"hmmwvms","avatar":"https://static.tigerbbs.com/a906b2444a1aca7cd161a6e1ee03687e","crmLevel":6,"crmLevelSwitch":0,"idStr":"3578570760040163","authorIdStr":"3578570760040163"},"content":"Win. Please comment too. Thank you","text":"Win. Please comment too. Thank you","html":"Win. Please comment too. Thank you"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174473390,"gmtCreate":1627133485910,"gmtModify":1703484660034,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Nio the stock to last&nbsp;Please like and comment, thanks","listText":"Nio the stock to last&nbsp;Please like and comment, thanks","text":"Nio the stock to last Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/174473390","repostId":"1112927800","repostType":4,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://ttm.financial/m/news/1112927800?lang=&edition=fundamental","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p>\n<ul>\n <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>\n <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>\n <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p>\n<p><b>NIO And TSLA Stock Prices</b></p>\n<p>Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p>\n<p><b>Is NIO Similar To Tesla?</b></p>\n<p>The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p>\n<p><b>Business Model</b></p>\n<p>Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p>\n<p>Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p>\n<p><b>Size, growth, and valuation</b></p>\n<p>The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p>\n<p>Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p>\n<p>The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p>\n<p>Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p>\n<p><b>Can NIO Be Worth As Much As Tesla?</b></p>\n<p>The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p>\n<p>When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p>\n<p>It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p>\n<p><b>Is NIO A Good Stock To Buy Or Sell Now?</b></p>\n<p>When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p>\n<p>One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</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>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks</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\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-24 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly ...</p>\n\n<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165979266,"gmtCreate":1624090780255,"gmtModify":1703828682237,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks","listText":"Please like and comment, thanks","text":"Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/165979266","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114785116,"gmtCreate":1623106472835,"gmtModify":1704195998804,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks","listText":"Please like and comment, thanks","text":"Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/114785116","repostId":"1187003503","repostType":4,"repost":{"id":"1187003503","kind":"news","pubTimestamp":1623088169,"share":"https://ttm.financial/m/news/1187003503?lang=&edition=fundamental","pubTime":"2021-06-08 01:49","market":"us","language":"en","title":"Apple announces iOS 15 for iPhones with lots of new social features","url":"https://stock-news.laohu8.com/highlight/detail?id=1187003503","media":"cnbc","summary":"Apple's Worldwide Developers Conference  is the company's annual showcase for its software. Apple reveals the latest version of iOS, its iPhone software, and updates to the software that runs on Apple TV, iPads, Apple Watch and Macs, in an effort to lure the best developers to sink time and investment into building software for Apple's computers.The bigger question is whether Apple will announce new hardware products. Often, it saves its best launches for the fall, around when new iPhones come o","content":"<div>\n<p>Apple's Worldwide Developers Conference (WWDC) is the company's annual showcase for its software. Apple reveals the latest version of iOS, its iPhone software, and updates to the software that runs on...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/apple-wwdc-live-updates-ios-15.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple announces iOS 15 for iPhones with lots of new social features</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 announces iOS 15 for iPhones with lots of new social features\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 01:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/07/apple-wwdc-live-updates-ios-15.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple's Worldwide Developers Conference (WWDC) is the company's annual showcase for its software. Apple reveals the latest version of iOS, its iPhone software, and updates to the software that runs on...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/apple-wwdc-live-updates-ios-15.html\">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://www.cnbc.com/2021/06/07/apple-wwdc-live-updates-ios-15.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187003503","content_text":"Apple's Worldwide Developers Conference (WWDC) is the company's annual showcase for its software. Apple reveals the latest version of iOS, its iPhone software, and updates to the software that runs on Apple TV, iPads, Apple Watch and Macs, in an effort to lure the best developers to sink time and investment into building software for Apple's computers.The bigger question is whether Apple will announce new hardware products. Often, it saves its best launches for the fall, around when new iPhones come out. This year, it released new Mac computers and iPads in the spring. But, sometimes it reveals new computers that run on the latest software. This year, some rumors have suggested it may introduce new MacBook Pro laptops and possibly an update to the AirPods headphones.We'll have everything Apple announces in the live blog below.The event begins at 1 p.m. Eastern.Is the iPad a computer yet?I can’t tell you how many WWDCs I’ve sat through where Apple claimed it’s beefed up the multitasking capabilities of the iPad in order to make it function more like a regular laptop.And Apple did it again today. (See Kif’s early blog entry for more details.)But none of those updates matter if app developers don’t take advantage of these features. Historically, it’s been difficult for Apple to convince developers to take the iPad seriously as a computer replacement, which is why the tablets are still mostly used for consumption, not creation.It’s way better than it used to be. (In fact, I use my iPad more than I use my MacBook these days.) But there’s still a long way to go for the iPad to catch up to the MacBook.There’s an easier solution though: Just put a touchscreen on the MacBook. Please.--Steve KovachApple announces new iPad software called iPadOS 15 that lets you do more at onceiPadOS Source: AppleApple announced new iPad software called iPadOS 15.IPadOS 15 includes new ways to rearrange iPad apps, put widgets on the home screen and the App Library feature, formerly iPhone exclusive, that automatically organizes apps.Apple also introduced a new multitasking interface that makes it easier to put two apps side by side on the iPad screen.The Apple notes app has been updated to better interface with other apps. One feature, called Quick Notes, lets users jot notes using the Apple Pencil, a stylus.A new version of the Translate app for iPads allows users to speak and have the discussion translated on-screen in real time.Apple’s app for learning how to code, Swift Playgrounds, can now build full apps, which can be submitted to the App Store Apple said.— Kif LeswingApple’s AirPods headphones can now be used to improve hearingA new feature coming to AirPods called “Conversation Boost” helps people better understand who they’re talking to in real time in a busy environment. Users can also adjust ambient background noise levels to help improve audio. Siri will also soon read important notifications, if you want it to, instead of just incoming calls and messages. — Kif LeswingApple Maps gets big new update with more city details and 3D modelsApple is updating its maps software with new 3D data. It now includes turning lanes and other road conditions. It is expanding to Spain, Portugal, Italy and Australia later this year, Apple said.— Kif LeswingIf you thought Facebook was angry with Apple before today...The slew of new communication features Apple announced for iOS 15 on Monday are sure to have Mark Zuckerberg’s blood boiling over atFacebookheadquarters.In effect, these new features build a closed-off social network for Apple, letting you share Apple News stories, Apple Music tracks and even hold FaceTime video chats with non-iPhone users.Zuckerberg has already said he considers Apple a major competitor because of iMessage. Now Apple is building out even more social features natively into iOS. And, of course, Apple will be able to promote the privacy of these social features, unlike Facebook.--Steve KovachApple announces iOS 15, newest version of iPhone’s softwareApple’s senior vice president in charge of software, Craig Federighi, announced iOS 15, the latest version of the iPhone operating system. This software typically releases for most users alongside new iPhones in the fall, but developers and early adopters can start using it earlier, typically during the summer.iOS 15 includes:FaceTime improvements, including 3D audio, portrait mode to blur backgrounds, and a grid view to speak to multiple people at the same time. Apple will also allow users to send links to schedule individual FaceTime calls, like Zoom links. Users can also share their screens or music, through a new software feature called ShareTime.FaceTime calls are also now supported on Windows and Android through a browser, the first time that FaceTime has been supported across platforms.An iMessage redesign, which includes features that turns messaged photos into galleries.A new feature called “shared with you” saves links that people sent you and puts them in one place so users can address them later. It works with Apple Music, Safari, Apple Podcasts, Apple TV and Apple News. Users can pin important messages featuring content.Redesigned notifications, including a feature that collects users notifications into a custom summary of all the notifications the user may have missed. The notifications are ordered by priority, and notifications by people will not be included so they won’t be missed.Users who have turned on “do not disturb” or a new “focus” mode will have their status shared with other users, like an away message.Focus mode can hide any apps that you don’t want to distract you.Camera improvements, including a feature called Live Text that can automatically identify and scan text in photographs.Apple’s machine learning will also be able to identify elements in photos, such as location or whether there’s a pet in the scene. Apple’s system search, Spotlight, will search these elements.A feature called Memories will use machine learning to combine photos into relevant galleries or animations and sometimes add music from Apple Music.Apple is also updating expanding the Wallet app functionality to include corporate badges as well as keys to get into hotels and houses with smart homes.Apple is also going to support scanning U.S. IDs, such as drivers licenses, into their wallet. Apple says it is only supported in some states for now, and the TSA will accept the credential.Apple CEO Tim Cook kicks off WWDCAfter a short comedy video focusing on software developers, Apple CEO Tim Cook has kicked off the show from the company’s headquarters in Cupertino, California. He came out on stage to a virtual crowd of avatars.— Kif LeswingFacebook CEO Mark Zuckerberg needles Apple ahead of its conferenceFacebook CEOMark Zuckerberg needled Applehours before its WWDC conference was scheduled to kick off.In a short poston his Facebook page, Zuckerberg announced a new Facebook feature enabling users to tip social media personalities. He said Facebook isn’t charging until at least 2023, and when it does, it will take less than the 30% fee Apple charges iPhone apps using in-app purchases.“To help more creators make a living on our platforms, we’re going to keep paid online events, fan subscriptions, badges, and our upcoming independent news products free for creators until 2023. And when we do introduce a revenue share, it will be less than the 30% that Apple and others take,” Zuckerberg wrote.Apple’s developer conference this year takes place at an uncertain time in Apple developer relations. Apple needs computer software companies to make apps for its platforms, which in turn makes its products more attractive to users.WWDC is aimed at getting those software makers excited about Apple. But Epic Games, Facebook and other firms have complained that Apple’s App Store rules are too stringent and its 30% fee for digital purchases is too high.— Kif LeswingApple’s web store remains onlineApple has historically taken down its online store for a few hours during a big launch, signaling exciting new products being added and building hype. But on Monday, the store was still up 15 minutes before WWDC was scheduled to kick off, suggesting no new major products.— Kif LeswingApple should bring Mac features to iPads todayI hope to see Apple bring some of the software features from MacBooks to iPads today.Thelatest MacsandiPad Pros run on the same M1 processor, so there’s enough power on the high-end iPads for running apps in multiple windows, like you would on a traditional computer, and support for using an external display for any app.A report fromBloombergover the weekend suggested we’ll at least see improvements to iPad multitasking, so it seems like my wish is at least plausible.Apple has so far said it sees iPads and Macs as totally different devices with different use cases, so I don’t expect a complete merge of the operating systems.-- Todd HaseltonThe Apple-developer love fest is overIn normal times, WWDC is a love fest between Apple and the developers who keep itsmassively profitable App Store chugging along.But this year is going to be different. The disputes over App Store fees between Apple and big-name developers likeSpotifyhave spilled into the public view in recent months. That’s especially apparent with thelegal battle between Apple and Epic Games. The two companies went through a three-week trial last month, and the judge’s decision in the case could alter the power dynamics between Apple and app developers.In the past, developers remained quiet about their complaints with Apple’s App Store rules, lest they draw the ire of Tim Cook and company and risk their access to the App Store. But thanks to groups like theCoalition for App Fairnessand the overall anti-Big Tech sentiment in Western governments, developers now feel emboldened to make their complaints known.I’m most interested to see how Apple uses this year’s WWDC to highlight the benefits it can offer developers while still protecting one of its massive profit centers, the App Store.-- Steve Kovach","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114210667,"gmtCreate":1623075046559,"gmtModify":1704195564593,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Please like and comment, thanks","listText":"Please like and comment, thanks","text":"Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/114210667","repostId":"2141286115","repostType":4,"repost":{"id":"2141286115","kind":"highlight","pubTimestamp":1623052500,"share":"https://ttm.financial/m/news/2141286115?lang=&edition=fundamental","pubTime":"2021-06-07 15:55","market":"us","language":"en","title":"3 Robinhood Stocks That Could Make You a Lot Richer Than AMC Will","url":"https://stock-news.laohu8.com/highlight/detail?id=2141286115","media":"Motley Fool","summary":"The long-term prospects look much brighter for these great companies.","content":"<p>There's a good reason why <b>AMC Entertainment</b> ranks as the third most popular stock for Robinhood investors. Shares of the theater chain have skyrocketed more than 2,500% so far this year. Most of those gains have come over the last few weeks.</p><p>Investors are deluding themselves if they think that kind of momentum for AMC is sustainable. However, there are other popular Robinhood stocks that do have attractive growth prospects. Here are three Robinhood stocks that could make you a lot richer than AMC will going forward.</p><p><img src=\"https://static.tigerbbs.com/8615f62a24d693e4bc1bbaeadc93a39c\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><h2><a href=\"https://laohu8.com/S/FB\">Facebook</a></h2><p>Don't believe for <a href=\"https://laohu8.com/S/AONE\">one</a> second that lots of people have thrown in the towel on&nbsp;<b>Facebook</b> (NASDAQ:FB). The social media giant's number of monthly active users has continued to climb, topping 2.85 billion in the first quarter of 2021. Meanwhile, the number of frequent moviegoers -- AMC's prime customers -- was slipping in 2019 before anyone had ever heard of COVID-19.</p><p>Facebook is working hard to build a trillion-dollar empire. One key component of this effort is to continue attracting users to its social media platforms so that it can sell more ads. However, the company isn't just focused on social media. CEO Mark Zuckerberg highlighted three areas in Facebook's Q1 update that could be massive growth drivers in the future -- augmented and virtual reality (AR/VR), commerce, and the \"creator economy.\"</p><p>The company is already a leader in VR with its Oculus devices. Facebook and Ray-Ban have first-generation AR smart glasses on the way. It's also developing new devices including haptic gloves plus a virtual world called Horizon. Zuckerberg thinks that AR and VR will \"unlock a massive amount of value\" over time.</p><p>As for e-commerce, more than 1 billion people already visit Facebook Marketplace each month. Facebook recently launched Shops, an online storefront platform that has more than 250 million monthly visitors. The company is also developing a platform and tools that support the creator economy, including options for content creators to monetize their offerings.</p><h2>Moderna</h2><p><b>Moderna</b> (NASDAQ:MRNA) stands as <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key reasons why AMC could see its fortunes improve in 2021. The COVID-19 vaccine developed by Moderna has been given to millions of Americans and remains one of only three vaccines to secure U.S. Emergency Use Authorization so far.</p><p>As of its Q1 update in early May, Moderna had advanced purchase agreements in place for its COVID-19 vaccine totaling more than $19 billion. Since then, the company has picked up additional supply deals.</p><p>Moderna seems likely to make even more money next year than it will in 2021. Beyond 2022, the company anticipates that emerging coronavirus variants will result in the need for annual vaccinations.</p><p>But is all of this growth already priced into the biotech stock? Nope. Moderna's shares currently trade at only nine times expected earnings. With plenty of other pipeline candidates based on its messenger RNA technology potentially on the way, Moderna could easily make investors who hold on for the long run much richer.</p><h2>Square</h2><p>Like AMC,&nbsp;<b>Square</b> (NYSE:SQ) should directly benefit from the reopening of the U.S. economy. The company's seller ecosystem serves many small and medium-sized businesses that were hurt by the COVID-19 pandemic.</p><p>Square will likely be in a position to offer these business customers even more value going forward. It plans to introduce business checking and savings accounts, according to a recent Bloomberg report. This move isn't surprising, as Square hasn't made a secret of its desire to transition into banking services.</p><p>The company's biggest growth driver, though, is its Cash App ecosystem. Cash App currently supports a wide range of features, including peer-to-peer payments, a credit card, and buying and selling stocks and <b>Bitcoin</b>.</p><p>Probably the biggest knock against Square is its valuation. The stock trades at more than 150 times expected earnings. That valuation is still more attractive than AMC's, though. More importantly, the shift to a cashless society seems unstoppable. Square's growth prospects for both its seller and Cash App ecosystems make a premium price worth paying.</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>3 Robinhood Stocks That Could Make You a Lot Richer Than AMC Will</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\">\n3 Robinhood Stocks That Could Make You a Lot Richer Than AMC Will\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 15:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/06/3-robinhood-stocks-that-could-make-you-a-lot-riche/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's a good reason why AMC Entertainment ranks as the third most popular stock for Robinhood investors. Shares of the theater chain have skyrocketed more than 2,500% so far this year. Most of those...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/06/3-robinhood-stocks-that-could-make-you-a-lot-riche/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","MRNA":"Moderna, Inc."},"source_url":"https://www.fool.com/investing/2021/06/06/3-robinhood-stocks-that-could-make-you-a-lot-riche/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141286115","content_text":"There's a good reason why AMC Entertainment ranks as the third most popular stock for Robinhood investors. Shares of the theater chain have skyrocketed more than 2,500% so far this year. Most of those gains have come over the last few weeks.Investors are deluding themselves if they think that kind of momentum for AMC is sustainable. However, there are other popular Robinhood stocks that do have attractive growth prospects. Here are three Robinhood stocks that could make you a lot richer than AMC will going forward.Image source: Getty Images.FacebookDon't believe for one second that lots of people have thrown in the towel on Facebook (NASDAQ:FB). The social media giant's number of monthly active users has continued to climb, topping 2.85 billion in the first quarter of 2021. Meanwhile, the number of frequent moviegoers -- AMC's prime customers -- was slipping in 2019 before anyone had ever heard of COVID-19.Facebook is working hard to build a trillion-dollar empire. One key component of this effort is to continue attracting users to its social media platforms so that it can sell more ads. However, the company isn't just focused on social media. CEO Mark Zuckerberg highlighted three areas in Facebook's Q1 update that could be massive growth drivers in the future -- augmented and virtual reality (AR/VR), commerce, and the \"creator economy.\"The company is already a leader in VR with its Oculus devices. Facebook and Ray-Ban have first-generation AR smart glasses on the way. It's also developing new devices including haptic gloves plus a virtual world called Horizon. Zuckerberg thinks that AR and VR will \"unlock a massive amount of value\" over time.As for e-commerce, more than 1 billion people already visit Facebook Marketplace each month. Facebook recently launched Shops, an online storefront platform that has more than 250 million monthly visitors. The company is also developing a platform and tools that support the creator economy, including options for content creators to monetize their offerings.ModernaModerna (NASDAQ:MRNA) stands as one of the key reasons why AMC could see its fortunes improve in 2021. The COVID-19 vaccine developed by Moderna has been given to millions of Americans and remains one of only three vaccines to secure U.S. Emergency Use Authorization so far.As of its Q1 update in early May, Moderna had advanced purchase agreements in place for its COVID-19 vaccine totaling more than $19 billion. Since then, the company has picked up additional supply deals.Moderna seems likely to make even more money next year than it will in 2021. Beyond 2022, the company anticipates that emerging coronavirus variants will result in the need for annual vaccinations.But is all of this growth already priced into the biotech stock? Nope. Moderna's shares currently trade at only nine times expected earnings. With plenty of other pipeline candidates based on its messenger RNA technology potentially on the way, Moderna could easily make investors who hold on for the long run much richer.SquareLike AMC, Square (NYSE:SQ) should directly benefit from the reopening of the U.S. economy. The company's seller ecosystem serves many small and medium-sized businesses that were hurt by the COVID-19 pandemic.Square will likely be in a position to offer these business customers even more value going forward. It plans to introduce business checking and savings accounts, according to a recent Bloomberg report. This move isn't surprising, as Square hasn't made a secret of its desire to transition into banking services.The company's biggest growth driver, though, is its Cash App ecosystem. Cash App currently supports a wide range of features, including peer-to-peer payments, a credit card, and buying and selling stocks and Bitcoin.Probably the biggest knock against Square is its valuation. The stock trades at more than 150 times expected earnings. That valuation is still more attractive than AMC's, though. More importantly, the shift to a cashless society seems unstoppable. Square's growth prospects for both its seller and Cash App ecosystems make a premium price worth paying.","news_type":1},"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578997581123464","authorId":"3578997581123464","name":"Yao84","avatar":"https://static.tigerbbs.com/5e30432f9f4a2555514d757fdb9c4f0d","crmLevel":4,"crmLevelSwitch":1,"idStr":"3578997581123464","authorIdStr":"3578997581123464"},"content":"Yesh facebook and sq","text":"Yesh facebook and sq","html":"Yesh facebook and sq"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139467393,"gmtCreate":1621651063512,"gmtModify":1704361051334,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"themes":[],"htmlText":"Like and comm3nt","listText":"Like and comm3nt","text":"Like and comm3nt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/139467393","repostId":"1170860218","repostType":2,"repost":{"id":"1170860218","kind":"news","pubTimestamp":1621583624,"share":"https://ttm.financial/m/news/1170860218?lang=&edition=fundamental","pubTime":"2021-05-21 15:53","market":"us","language":"en","title":"Roblox: Building The Metaverse, But For Whom?","url":"https://stock-news.laohu8.com/highlight/detail?id=1170860218","media":"seekingalpha","summary":"Summary\n\nRoblox is effectively the YouTube of game development and game consumption.\nGame creators, ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Roblox is effectively the YouTube of game development and game consumption.</li>\n <li>Game creators, who are often just average people with little in the way of coding skills, can build games on the platform and sell those games to users of the platform.</li>\n <li>The platform has something of its own economy, in which Robux are used as currency to purchase games and for micro-purchases within those games.</li>\n <li>Historically, a very young demographic has found the platform appealing, leading to questions about its ability to evolve upstream and create a true metaverse.</li>\n <li>Roblox has rapidly grown, and in this note, we provide a very deep and comprehensive exploration of the platform. Ultimately, we rate the company a modest buy.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a50e6bae4d28d9fb1a3a3b477be5436\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Ian Tuttle/Getty Images Entertainment via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Roblox (RBLX) is a social gaming marketplace platform that connects gamers and developers. Through its global community of 8 million-plus developers, Roblox provides immersive gaming experiences that are shared by millions of gamers. In 2020, mobile gaming platforms like Roblox saw explosive growth in revenue as users flocked to these platforms during coronavirus-enforced lockdowns. A year of bookings stagnation awaits Roblox as demand for mobile gaming normalizes. However, AR/VR is just getting started, and the company has a long growth runway due to the large size of its TAM. Roblox is a free cash flow generation machine, as we will learn in this article, but the current valuation is a little too steep considering the weak guidance for 2021.</p>\n<p><i><b>Here's our investment thesis for Roblox:</b></i></p>\n<ul>\n <li><p>Roblox is a platform that enables users to enjoy millions of immersive 3D experiences (primarily games). Like YouTube, Roblox's content is user generated. Today, Roblox has more than 32M daily active users and 8M+ developers on its platform.</p></li>\n <li><p>Right from its inception in 2006, Roblox has been led by its visionary founder - David Baszucki. His vision for social gaming and shared virtual experiences is the driving force behind the company's admirable success.</p></li>\n <li><p>Roblox is a highly profitable business that's growing like a weed at scale. In 2020, Roblox's business was boosted by the coronavirus pandemic as mobile gaming saw exponential growth. However, the rise in mobile gaming is a secular growth trend. Furthermore, AR/VR technology is set to go mainstream over the coming years, which will likely help Roblox drive future revenue growth.</p></li>\n <li><p>The Roblox platform is powered by advanced proprietary technology. Developers create content using Roblox Studio, and consumers (gamers) access this content through Roblox Client (interface to 3D digital worlds). Money is made through the sale of Roblox's virtual currency - Robux, which players use to make in-game purchases.</p></li>\n <li><p>For 2021, Roblox is expecting revenue to grow from $923M to ~$1450M. However, the bookings are projected to rise by just 10% year-over-year (near-stagnation), and free cash flow is set to decline too. The company is well capitalized, and it's already free cash flow generative, so I do not foresee any significant dilutionary events for Roblox.</p></li>\n <li><p>During the recent correction in high-growth tech stocks, Roblox has surprisingly held on to its IPO bounce. There are many great deals out there in the market right now. However, Roblox is not one of them. The stock is trading at a premium of 20% to its fair value. Since the expected returns for Roblox is less than BTM's investment hurdle rate, I rate it hold at $70.</p></li>\n <li><p>Roblox is a great company, which I would buy on dips. At BTM, we will initiate a starter position below $60 (if we get such an opportunity). For now, Roblox is being added to our primary portfolio as a hold.</p></li>\n</ul>\n<p>In today's article, we will study Roblox's business in detail, analyze its financials, and determine its fair value.</p>\n<p><b>Introducing Roblox</b></p>\n<p>Roblox is a social gaming platform where an average of 37.1 million people from around the world come to play games with friends on a daily basis. While on Roblox, users can play, learn, explore, and communicate in user-generated virtual realities (games with 3D digital worlds) created by Roblox's community of 8M+ game developers. Roblox terms this emerging category as \"human co-experience\", which it considers to be the new form of social interaction (and this idea was envisioned by Roblox way back in 2004).</p>\n<p>The Roblox platform is powered by user-generated content (like YouTube (GOOG)(NASDAQ:GOOGL)) and draws inspiration from gaming, entertainment, social media, and even toys. This emerging category is also referred to as the metaverse - a term often used to describe the concept of persistent, shared, 3D virtual spaces in a virtual universe. I discussed this concept in a note entitled, \"Introducing President Mark Zuckerberg.\"</p>\n<p>The idea of a metaverse has been written about by futurists and science fiction authors for over 30 years. With the advent of increasingly powerful consumer computing devices, cloud computing, and high bandwidth internet connections, the concept of the metaverse is materializing.</p>\n<p>The Roblox human co-experience platform serves as the underlying technology and infrastructure that supports shared experiences for millions of users, and it consists of the Roblox Client, the Roblox Studio, and the Roblox Cloud.</p>\n<ul>\n <li><p><i><b>Roblox Client</b></i>- The application that allows users to explore 3D digital worlds.</p></li>\n <li><p><i>Roblox Studio</i>- The toolset that allows developers and creators to build, publish, and operate 3D experiences and other content accessed with the Roblox Client.</p></li>\n <li><p><i>Roblox Cloud</i>- The services and infrastructure that power the human co-experience platform.</p></li>\n</ul>\n<p>Roblox's mission is to build a human co-experience platform that enables shared experiences among billions of users. Since its inception, Roblox has invested heavily in building the Roblox platform, and ~80% of Roblox's employees are dedicated to maintaining, improving, and expanding the platform. The company is constantly improving the ways in which the Roblox platform supports shared experiences, ranging from how these experiences are built by an engaged community of developers to how they are enjoyed and safely accessed by users across the globe.</p>\n<p>According to Roblox's&nbsp;S-1 filing, the Roblox platform is differentiated through a number of key characteristics, which are mentioned below (the following are quoted from the company's S-1 linked just a moment ago):</p>\n<blockquote>\n <i>Identity:All users have unique identities in the form of avatars that allow them to express themselves as whoever or whatever they want to be. These avatars are portable across experiences.</i>\n</blockquote>\n<blockquote>\n <i>Friends: Users interact with friends, some of whom they know in the real world, and others who they meet on Roblox.</i>\n</blockquote>\n<blockquote>\n <i>Immersive</i>\n <i><b>:</b></i>\n <i>The experiences on Roblox are 3D and immersive. As we continue to improve the Roblox Platform, these experiences will become increasingly engaging and indistinguishable from the real world.</i>\n</blockquote>\n<blockquote>\n <i>Anywhere: Users, developers, and creators on Roblox are from all over the world, including North America, Europe, South America, Asia, Australia, and Africa. In 2019, we entered into a joint venture agreement with Songhua River Investment Limited, or Songhua, an affiliate of Tencent, to operate a Chinese version of the Roblox Platform that will be operated and published in China by Tencent under the name “Luobulesi.” Further, as of December 31, 2020, the Roblox Client operates on iOS, Android, PC, Mac, and Xbox, and supports VR experiences on PC using Oculus Rift and HTC Vive headsets.</i>\n</blockquote>\n<blockquote>\n <i>Low Friction: It is simple to set up an account on Roblox and free for users to enjoy experiences on the platform. Users can quickly traverse between and within experiences either on their own or with their friends. It is also easy for developers to build experiences and then publish them to the Roblox Cloud so that they are then accessible to users on the Roblox Client across all platforms. On behalf of the developers and creators, Roblox also provides critical services such as user acquisition, billing, collections, content moderation, translation, safety, regulatory compliance, and customer support. This makes it easier and simpler for even individual developers and creators and small studios to be successful developers and creators.</i>\n</blockquote>\n<blockquote>\n <i>Variety of Content: Roblox is a vast and expanding universe of developer and creator-built content. As of Dec. 31, 2020, there were over 20 million experiences on Roblox, and in the year ended Dec. 31, 2020, over 13 million of these were experienced by our community. These ranged from experiences that simulate building and operating a theme park to adopting a pet, scuba diving, creating and playing your own superhero, and more. There also are millions of creator-built virtual items, such as hats, shirts, and pants, with which users can personalize their avatars and 3D virtual items, assets, and sounds that creators can incorporate into experiences. Historically, Roblox has also created virtual items with which users can personalize their avatars. Our focus today and going forward, however, is on user-generated content.</i>\n</blockquote>\n<blockquote>\n <i>Economy: Roblox has a vibrant economy built on a currency called Robux. Users who choose to purchase Robux can spend the currency on experiences and on items for their avatar. Developers and creators earn Robux by building engaging experiences and compelling items that users want to purchase. Roblox enables developers and creators to convert Robux back into real-world currency.</i>\n</blockquote>\n<blockquote>\n <i>Safety: Multiple systems are integrated into the Roblox Platform to promote civility and ensure the safety of our users. These systems are designed to enforce real-world laws and are designed to extend beyond minimum regulatory requirements.</i>\n</blockquote>\n<p>The revenue growth at Roblox has been driven primarily by significant investments in technology and two mutually reinforcing network effects: content and social.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d5e601c76dc33b042de56f0d000fecc\" tg-width=\"640\" tg-height=\"194\"><span>Source:Roblox S-1</span></p>\n<p>Roblox's platform is powered by user-generated content that's built by an engaged community of developers and creators. As Roblox's developers and creators build increasingly high-quality content, more users are attracted to their platform. The more users on the platform, the higher the engagement and the more attractive Roblox becomes to developers and creators. With more users, more Robux (Roblox's virtual currency) is spent on the platform, which in turn incentivizes developers to build more engaging content for users and attracts new developers and content creators to the Roblox developer community.</p>\n<p>The social nature of Roblox's platform makes it special. Roblox's users typically play with friends, and this inspires them to invite more friends to the platform, who, in turn, invite their friends, driving organic growth. A higher number of friends on the platform leads to increased long-term user engagement. Therefore, more and more users join Roblox's platform through word-of-mouth marketing from their existing friends using the platform.</p>\n<p>Now that we have an understanding of Roblox's platform, let's see how Roblox's economy functions, in other words, how Roblox makes money:</p>\n<p>Roblox is powered by exclusive user-generated games that include personalized avatars. Upon joining Roblox, gamers can personalize their avatars by choosing body types, clothes, and other accessories. To do so, the gamers purchase a virtual currency (Robux) from within Roblox's platform. Game developers and content creators earn Robux through microtransactions in their games, such as selling in-game virtual items and engagement-based rewards. Through Roblox's Developer Exchange Program, developers can exchange Robux for real-world currency. This is how money flows from gamers to developers on Roblox's platform.</p>\n<p>The income generated through Roblox empowers game developers (individuals and game studios) to invest in higher-quality content, which attracts more gamers to Roblox. Having enjoyed Roblox, users tend to invite more friends to play on the platform, and this helps game developers attract larger audiences. According to Roblox, many users eventually become developers on the platform, and nearly all Roblox developers started as users. Therefore, Roblox has a robust community and a vibrant economy.</p>\n<p>Roblox supports its developer community by providing tools to create, publish, operate, and monetize content (games and experiences). In 2020, more than 1.25M developers earned Robux, and ~4,300 developers qualified for Roblox's Developer Exchange Program, making them eligible to exchange their earned Robux for real-world currency. To qualify for the Developer Exchange Program, the developers need to meet certain conditions, such as:</p>\n<ul>\n <li><p>Earn at least 100,000 Robux,</p></li>\n <li><p>Verified developer account, and</p></li>\n <li><p>Account must be in good standing.</p></li>\n</ul>\n<p>In 2020, more than 3300 developers exchanged Robux for real-world currency. According to Roblox's disclosures, 1,250-plus developers earned more than $10K in 2020, whereas 300-plus developers made more than $100K in the same period.</p>\n<p>Generally, Roblox users can create an avatar and explore experiences for free after joining the platform. However, the business model for any given game is decided by its developer. Within these free games, users can spend Robux to purchase in-game enhancements and items such as clothing, gear and emotes, from Roblox's Avatar Marketplace. As you may already know, Roblox retains a portion of every Robux transaction and distributes the rest to developers.</p>\n<p>Important Note: Robux can only be purchased from Roblox at a price set by Roblox and can only be spent within its platform.</p>\n<p><i><b>Key Disclosure from Roblox in relation to Robux:</b></i></p>\n<p>Other than daily and monthly limitations to prevent fraud, there's no cap on the number of Robux that any user or users in the aggregate can purchase. Robux has no monetary or intrinsic value outside of our platform and can only be converted to US dollars through our Developer Exchange Program. We're aware that some users seek to use unauthorized third-party websites to exchange Robux for real-world currency, which is not permitted under our terms of use. We regularly monitor and screen usage of our platform with the aim of identifying and preventing these activities, as well as regularly send cease-and-desist letters to operators of third-party websites offering fraudulent Robux or digital goods offers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ede644886149994d8bf4d76e109903da\" tg-width=\"640\" tg-height=\"183\"><span>Source:Roblox S-1</span></p>\n<p>Gamers primarily purchase Robux in two ways: 1. One-time purchases or 2. Roblox Premium subscription service. Roblox accepts payments through (Apple’s and Google’s) app stores, credit cards, and debit cards. In 2020, the average price for a Robux was $0.01. Roblox Premium is billed monthly, and this subscription service includes discounts on Robux purchases, exclusive access to certain in-experience benefits, some exclusive and discounted marketplace items, and the ability to buy, sell and trade certain Avatar items. In 2020, Roblox’s bookings (sale of Robux) came in at $1.8B, which means that Roblox’s ~140M users spent an average of $12.85 on the platform (the average revenue per daily active users is much higher at about $60).</p>\n<p>For developers, Robux is considered \"earned\" if and when a developer receives them as payments for a bonafide third-party transaction for virtual goods through the Roblox Platform. Currently, developers can earn Robux via the following mechanisms:</p>\n<ul>\n <li><p>Sale of access to experiences (games) and in-game enhancements,</p></li>\n <li><p>Engagement-based payouts for the amount of time that Roblox Premium subscribers spend in their experiences,</p></li>\n <li><p>Sale of content and tools within the developer community, and</p></li>\n <li><p>Sale of virtual items to gamers through the Avatar Marketplace.</p></li>\n</ul>\n<p>As Roblox users’ purchase and spend Robux on the platform, developers receive 70% of the Robux spent within their games and 70% of the Robux spent on Roblox's Studio Marketplace items. Content creators receive only 30% of the Robux spent for their Avatar Marketplace items. The earned Robux are deposited into the virtual accounts of the developers and creators, who (if qualified) can convert Robux into U.S. dollars at an exchange rate which is (again) set by Roblox (in its sole discretion) at 1 Robux to $0.0035 (conversion price as of Dec. 31, 2020).</p>\n<p>As you may remember, the average purchase price of a Robux was $0.01 in 2020, and now we know that developers can exchange a Robux for $0.0035 (35% of Robux’s purchase price). Therefore, the unit economics are undoubtedly tilted in favor of Roblox, and the virtual economy built within Roblox’s ecosystem gives the company massive controlling power.</p>\n<p>In 2020, Roblox’s qualified developers (Developer Exchange Program) earned $328.7M, up from $112M in 2019. The growth in developer earnings resulted from a growth in qualified developers, a rise in DAUs, and higher engagement with consumers. As an aside, Roblox’s developers do not always cash out their Robux into real-world currency as they can reinvest their Robux into developer tools available in the Studio Marketplace, promote their games through Roblox’s internal ad network, or spend the Robux as any other Roblox gamer would (on experiences and in-game purchases).</p>\n<p>The Roblox platform combines significant bookings (sale of Robux) (and, by extension, revenue) with strong unit economics to generate massive amounts of free cash flow.</p>\n<p><b>Roblox Had A Great 2020, But What Next?</b></p>\n<p>In 2020, the coronavirus pandemic boosted the mobile gaming industry as people (kids, to be precise) stayed home during lockdowns. Roblox's social gaming platform saw an influx of new users, and bookings shot up to over $2B. As you can see, Roblox's revenues grew by 81% y/y to $923M last year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc0cfffc9c8d80819d91a250992a9898\" tg-width=\"578\" tg-height=\"211\"><span>Source:Roblox S-1</span></p>\n<p>The rapid revenue growth is attributable to an increase in numbers of active users and higher user engagement (and spending). Roblox's DAUs went up from 19M to 37M within a year, while average bookings per DAU shot up to $17.30 from $12.37. For Q4, total hours engaged came in at 8.4B hours, a figure that represented substantial growth on a y/y basis; however, it also represented a q/q decline.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/177a566cf075069e89d034c2be758743\" tg-width=\"640\" tg-height=\"97\"><span>Source:Roblox S-1</span></p>\n<p>Although Roblox's operations continue to lose money, the company is actually generating massive amounts of free cash flow. The bookings made on Roblox's platform convert to revenue over time as in-game virtual goods are consumed or amortized (in accordance with the average life of the consumer).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f39e4d22bafd479e902ab3f1665fdc8\" tg-width=\"638\" tg-height=\"253\"><span>Source:Roblox S-1</span></p>\n<p>On the back of ultra-strong numbers in 2020, Roblox's public listing seems to be timed to perfection. From a reference price of $45, the stock rallied higher on the direct listing day and has continued to trade up at ~$65-80 range. Here's what Roblox's CEO had to say on the listing:</p>\n<p>Source:Roblox CEO David Baszucki on the company's Wall Street debut</p>\n<p>Roblox's growth numbers for 2020 were mind boggling. However, the expectations for 2021 are lukewarm (and rightly so). With the pandemic fading away, people are returning towards normality, and a reduction in hours spent on gaming is a certainty.</p>\n<p>For 2021, Roblox is expecting DAU growth of just 6%, with flat numbers for hours engaged. Although the company expects revenue to grow by 60% y/y, bookings (closer estimation of Roblox's actual growth) are expected to grow at just 10% y/y.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45e3095d76d9eae90689957db0de751e\" tg-width=\"640\" tg-height=\"477\"><span>Source:Roblox S-1</span></p>\n<p>As bookings growth moderates and the company spends more on R&amp;D to drive future growth, the company's free cash flow is set to decline in 2021. Therefore, I would not expect fireworks to continue for Roblox's stock over the coming year as it faces tough comps.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00d25029806cc3b0dad1e9efd61ffa8c\" tg-width=\"362\" tg-height=\"279\"><span>Source:Roblox S-1</span></p>\n<p>With that being said, Roblox's growth story is far from over. In fact, I can envision a very long growth runway for Roblox (similar to Unity). The growth of interactive, real-time 3D content across numerous industries (like Gaming, Architecture, 3D printing/Intelligent Manufacturing, AR/VR, and many more) will drive the demand for Roblox's platform higher over the coming years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb11e9e1f7a643251919f7571ebe5b76\" tg-width=\"800\" tg-height=\"389\"><span>Source:Newzoo</span></p>\n<p>In 2020, mobile gaming was the fastest-growing industry among all forms of gaming, and it's now believed to be worth $77.2B. And by 2025, it's expected to be worth$150B per annum. Naturally, Roblox will benefit from the rapid growth in mobile gaming. Therefore, Roblox is supported by a very powerful secular growth trend, i.e., the rise of mobile gaming.</p>\n<p>However, the real upside for Roblox's platform will come from the mainstream adoption of AR/VR technology. These markets are set to see explosive growth over upcoming years:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33223820bc4aa2314eaa98345d74820c\" tg-width=\"900\" tg-height=\"466\"><span>Source:DevTeam</span></p>\n<p>Economically viable virtual realities are already all around us in that games are massively profitable and are pseudo-virtual realities. I believe that this market will actually accelerate as wide-scale adopted virtual realities begin popping up over the next decade or two, many of which will likely be built atop platforms such as Roblox and Unity.</p>\n<p>Although I like Unity, I believe that Roblox's platform has greater potential due to the democratization of content generation. Roblox is transforming the world of interactive gaming by changing how people express themselves, play, socialize, learn, and transact together. According to the management, Roblox is currently focused on the following growth initiatives:</p>\n<ul>\n <li><p>Platform Extension: Roblox is continually investing to extend its platform. These investments include high fidelity avatars, 3D spatial audio technology, and additional social features. In the future, Roblox can expand into other areas like entertainment, e-learning (education), and enterprise work communications. For example, developers will be able to create and host virtual meetings, classrooms, concerts, and conferences on the Roblox platform.</p></li>\n <li><p>Age Demographics Expansion: Today, a large chunk of Roblox’s users are kids below the age of 13. However, platform extension will enable developers to build higher quality experiences (games and other content) that are curated to meet the needs of an older age demographic. If Roblox can successfully increase its penetration among other older age categories, then it can easily grow at swashbuckling rates for years to come.</p></li>\n <li><p>International Reach: Roblox already is a global platform. However, there's still significant potential for the company to grow in international markets. Today, almost all of Roblox’s revenue comes from the United States, Canada, and United Kingdom. Hence, there are big markets for Roblox to expand its presence. Roblox is expecting the same organic, word-of-mouth user and developer growth in international markets that the platform has experienced in its primary markets. Additionally, Roblox is making massive investments in technology to enhance growth across the globe. For example, features such as built-in regional compliance and automated language translation can enable Roblox to scale operations in global markets, allowing developers to publish games (or content) in multiple languages and allowing users (speaking different languages) to communicate effectively. Roblox’s greatest international opportunity today is China, and the company is addressing this opportunity through a joint venture with Songhua (an affiliate of Tencent, which is one of the leading internet companies in China).</p></li>\n <li><p>Monetization: Roblox believes that its platform has massive monetization potential. To improve monetization, Roblox is actively working with the developer community. Furthermore, Roblox is taking up new strategic initiatives such as the Roblox Premium subscription service to enhance retention of paying users and conversion of free users to paying users. Finally, Roblox is working with leading brands (like Warner Bros, NFL, Netflix, Marvel, WWE, and FC Barcelona) to build unique marketing opportunities on the Roblox Platform through branded content.</p></li>\n</ul>\n<p>Hence, Roblox will likely resume robust bookings growth after the projected slowdown in 2021. As you may know, Roblox competes for both users, developers, and creators. Roblox competes to attract and retain its users' attention on the basis of content and user experiences. Therefore, Roblox competes for users and their engagement hours with global technology leaders such as Amazon, Apple, Google, Microsoft, Facebook, and Tencent, global entertainment companies such as Disney, Comcast, and ViacomCBS, global gaming companies such as Electronic Arts, Activision Blizzard, Take-Two, Unity, Valve, and Zynga, online content platforms including Spotify, Netflix, and YouTube, as well as social platforms such as Facebook, Snap, and Pinterest.</p>\n<p>For now, Roblox is out-competing its rivals due to many factors such as personalization of user experience, content variety, and social features. However, Roblox is heavily reliant on developers for the content that leads to the creation and maintenance of user engagement on its platform. Hence, Roblox has to compete with other platforms like Unity to attract and retain developers. Therefore, Roblox has to provide advanced tools needed to build, publish, operate, and monetize content (more efficiently and more lucratively than its rivals).</p>\n<p>Hence, Roblox directly competes for developers, creators, and engineering talent with gaming platforms (such as Epic Games, Unity, and Valve Corporation) that provide developers and creators the ability to create or distribute interactive content. I believe Roblox's comprehensive offering to build, publish, and operate experiences on its platform, free and easy-to-use technology, broad user reach, economic rewards system, brand, reputation for innovation, developer-centric culture, and Roblox's vision differentiates the company from its rivals.</p>\n<p>Now, let's find the fair value and expected returns for Roblox.</p>\n<p><b>Fair Value and Expected Return</b></p>\n<p>Roblox's bookings are the true reflection of its business, and so we will be analyzing the company using its bookings and not its revenue. In this case, the potential free cash flow margin is also based on bookings.</p>\n<p>Assumptions:</p>\n<table>\n <tbody>\n  <tr>\n   <td><p>Forward 12-month bookings [A]</p></td>\n   <td><p>$2000 million</p></td>\n  </tr>\n  <tr>\n   <td><p>Potential Free Cash Flow Margin [B]</p></td>\n   <td><p>30%</p></td>\n  </tr>\n  <tr>\n   <td><p>Average fully-diluted shares outstanding [C]</p></td>\n   <td><p>~650 million</p></td>\n  </tr>\n  <tr>\n   <td><p>Free cash flow per share [ D = (A * B) / C ]</p></td>\n   <td><p>$0.923</p></td>\n  </tr>\n  <tr>\n   <td><p>Free cash flow per share growth rate (conservative estimate)</p></td>\n   <td><p>25%</p></td>\n  </tr>\n  <tr>\n   <td><p>Terminal growth rate</p></td>\n   <td><p>3%</p></td>\n  </tr>\n  <tr>\n   <td><p>Years of elevated growth</p></td>\n   <td><p>10</p></td>\n  </tr>\n  <tr>\n   <td><p>Total years to stimulate</p></td>\n   <td><p>100</p></td>\n  </tr>\n  <tr>\n   <td><p>Discount Rate (Our \"Next Best Alternative\")</p></td>\n   <td><p>9.8%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Results:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9cd75274e4a1451cb432b96e0a8cfafb\" tg-width=\"611\" tg-height=\"734\"><span>Source: L.A. Stevens Valuation Model</span></p>\n<p>According to my estimation, Roblox's fair value is ~$58, i.e., it's trading at a premium of ~20%. In this market, high-growth tech stocks have been hammered, and there are great deals out there. And so buying Roblox at a premium doesn't make a lot of sense.</p>\n<p>To determine the expected returns, our model calculates a projected FCF per share value (year-10) and multiplies it with an assumed Price to FCF multiple (35x here), thereby generating a 2031 price target. Using this price target, the model generates an expected CAGR return for a ten-year investment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/345f634512883a157361c590884202ee\" tg-width=\"611\" tg-height=\"432\"><span>Source: L.A. Stevens Valuation Model</span></p>\n<p>As you can see above, Roblox's share price could grow from ~$70 to ~$240 (~3.5x) at a CAGR of ~13.15% over the next decade. Since the expected return is lower than BTM's investment hurdle rate of 15%, I rate Robloxa modest buy to hold at $70.</p>\n<p>At such a large market cap, the company will require a few years for growth to catch up with its current valuation.</p>\n<p><b>Concluding Thoughts</b></p>\n<p>Let's conclude our discussion with a BTM Crucial Characteristics Check for Roblox:</p>\n<table>\n <tbody>\n  <tr>\n   <td><p>Crucial Characteristic</p></td>\n   <td><p>Notes</p></td>\n  </tr>\n  <tr>\n   <td><p>Visionary Founder/CEO</p></td>\n   <td><p>David Baszucki (co-founder of Roblox) is a visionary technologist who has led Roblox as its CEO since its launch in 2006. Over the last five years, Roblox's popularity has exploded. However, David and his team are aggressively reinvesting in the Roblox platform (especially in engineering) to drive the next leg of growth for the company. Roblox's vision is to become a platform where billions of people share experiences (not just gaming) on a daily basis.</p><p>David is now 58, so we might have his leadership only for a few more years. Furthermore, all other C-suite executives (barring one or two) at Roblox are also well into their 50s. Therefore, I expect significant management changes at Roblox over the next decade. With that being said, I believe the Roblox platform is incredibly powerful, and the company's business model is so robust that even a chimp can run it successfully.</p></td>\n  </tr>\n  <tr>\n   <td><p>Proprietary Tech</p></td>\n   <td><p>Roblox's platform (Client, Studio, and Cloud) is powered by highly proprietary technology built over the last three decades. On any given day, more than 32M people use Roblox (DAUs) to connect via play.</p></td>\n  </tr>\n  <tr>\n   <td><p>Network Effects</p></td>\n   <td><p>The social component built into Roblox allows users to invite their friends and family to play with them and share experiences on the platform. A higher number of users attracts more developers to Roblox, which leads to more games (better content by variety and quality). These network effects remain the primary driver of Roblox's tremendous growth.</p></td>\n  </tr>\n  <tr>\n   <td><p>Powerful Secular Growth Trend</p></td>\n   <td><p>The growth of interactive, real-time 3D content across numerous industries (like Gaming, AR/VR, Architecture, 3D printing/Intelligent Manufacturing, etc.) is a powerful secular growth driver for Roblox.</p></td>\n  </tr>\n  <tr>\n   <td><p>Sounds Financials</p></td>\n   <td><p>In 2020, Roblox reported mind-boggling numbers in terms of revenue (~$923M, up ~82% y/y), bookings (~$1.8B, up ~181% y/y), and free cash flow (~$411M). However, the company expects stagnation in bookings in 2021 as the pandemic boost to gaming disappears. Roblox is already a free cash flow generative business, and the company has $800M+ on its balance sheet. Therefore, a direct listing made sense.</p><p>With 650M fully-diluted shares outstanding, Roblox's numbers fall short relative to its market cap. The stock is currently trading at a premium of 20% to its fair value, and its expected CAGR return of 13% falls below our investment hurdle rate.</p></td>\n  </tr>\n  <tr>\n   <td><p>Branding</p></td>\n   <td><p>Roblox is a global platform that has 130M Users (32.6M Daily Active Users). The Roblox platform gives individuals a strong sense of community and belonging through the rich, immersive co-experiences it provides. Roblox's growth is entirely organic (word-of-mouth), and this shows how the brand is truly loved by its customers.</p></td>\n  </tr>\n  <tr>\n   <td><p>International Expansion</p></td>\n   <td><p>Roblox is available globally; however, it has significant room to expand in underpenetrated geographies such as Europe, Latin America, Africa, and Asia. The joint venture with Tencent to bring Roblox to China will probably be the biggest growth driver for the company within the next few years.</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Roblox satisfies almost all of BTM's investment criteria, but at a market cap of $45B+, the valuation looks stretched. We do not shy away from paying a premium for a high-quality business if the expected return exceeds our hurdle rate; however, the expected return for Roblox is only 13% after the massive bounce in its price after going public.</p>\n<p>In recent years, direct listings (like Spotify(NYSE:SPOT)and Slack(NYSE:WORK)) have failed to generate massive performance in their first year as public companies and I expect Roblox to follow suit. The company's guidance for 2021 points to stagnation in bookings as the mobile gaming frenzy of 2020 fades away along with the pandemic. Therefore, I think we can wait for a better entry point on Roblox, which would be around its direct listing price of $45.</p>\n<p>Key Takeaway: I rate Roblox a hold to modest buy at $70.</p>\n<p>Thanks for reading. Please share your thoughts, questions, and/or concerns in the comments section.</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>Roblox: Building The Metaverse, But For Whom?</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\">\nRoblox: Building The Metaverse, But For Whom?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4430330-roblox-building-the-metaverse-but-for-whom><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nRoblox is effectively the YouTube of game development and game consumption.\nGame creators, who are often just average people with little in the way of coding skills, can build games on the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4430330-roblox-building-the-metaverse-but-for-whom\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"source_url":"https://seekingalpha.com/article/4430330-roblox-building-the-metaverse-but-for-whom","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1170860218","content_text":"Summary\n\nRoblox is effectively the YouTube of game development and game consumption.\nGame creators, who are often just average people with little in the way of coding skills, can build games on the platform and sell those games to users of the platform.\nThe platform has something of its own economy, in which Robux are used as currency to purchase games and for micro-purchases within those games.\nHistorically, a very young demographic has found the platform appealing, leading to questions about its ability to evolve upstream and create a true metaverse.\nRoblox has rapidly grown, and in this note, we provide a very deep and comprehensive exploration of the platform. Ultimately, we rate the company a modest buy.\n\nPhoto by Ian Tuttle/Getty Images Entertainment via Getty Images\nInvestment Thesis\nRoblox (RBLX) is a social gaming marketplace platform that connects gamers and developers. Through its global community of 8 million-plus developers, Roblox provides immersive gaming experiences that are shared by millions of gamers. In 2020, mobile gaming platforms like Roblox saw explosive growth in revenue as users flocked to these platforms during coronavirus-enforced lockdowns. A year of bookings stagnation awaits Roblox as demand for mobile gaming normalizes. However, AR/VR is just getting started, and the company has a long growth runway due to the large size of its TAM. Roblox is a free cash flow generation machine, as we will learn in this article, but the current valuation is a little too steep considering the weak guidance for 2021.\nHere's our investment thesis for Roblox:\n\nRoblox is a platform that enables users to enjoy millions of immersive 3D experiences (primarily games). Like YouTube, Roblox's content is user generated. Today, Roblox has more than 32M daily active users and 8M+ developers on its platform.\nRight from its inception in 2006, Roblox has been led by its visionary founder - David Baszucki. His vision for social gaming and shared virtual experiences is the driving force behind the company's admirable success.\nRoblox is a highly profitable business that's growing like a weed at scale. In 2020, Roblox's business was boosted by the coronavirus pandemic as mobile gaming saw exponential growth. However, the rise in mobile gaming is a secular growth trend. Furthermore, AR/VR technology is set to go mainstream over the coming years, which will likely help Roblox drive future revenue growth.\nThe Roblox platform is powered by advanced proprietary technology. Developers create content using Roblox Studio, and consumers (gamers) access this content through Roblox Client (interface to 3D digital worlds). Money is made through the sale of Roblox's virtual currency - Robux, which players use to make in-game purchases.\nFor 2021, Roblox is expecting revenue to grow from $923M to ~$1450M. However, the bookings are projected to rise by just 10% year-over-year (near-stagnation), and free cash flow is set to decline too. The company is well capitalized, and it's already free cash flow generative, so I do not foresee any significant dilutionary events for Roblox.\nDuring the recent correction in high-growth tech stocks, Roblox has surprisingly held on to its IPO bounce. There are many great deals out there in the market right now. However, Roblox is not one of them. The stock is trading at a premium of 20% to its fair value. Since the expected returns for Roblox is less than BTM's investment hurdle rate, I rate it hold at $70.\nRoblox is a great company, which I would buy on dips. At BTM, we will initiate a starter position below $60 (if we get such an opportunity). For now, Roblox is being added to our primary portfolio as a hold.\n\nIn today's article, we will study Roblox's business in detail, analyze its financials, and determine its fair value.\nIntroducing Roblox\nRoblox is a social gaming platform where an average of 37.1 million people from around the world come to play games with friends on a daily basis. While on Roblox, users can play, learn, explore, and communicate in user-generated virtual realities (games with 3D digital worlds) created by Roblox's community of 8M+ game developers. Roblox terms this emerging category as \"human co-experience\", which it considers to be the new form of social interaction (and this idea was envisioned by Roblox way back in 2004).\nThe Roblox platform is powered by user-generated content (like YouTube (GOOG)(NASDAQ:GOOGL)) and draws inspiration from gaming, entertainment, social media, and even toys. This emerging category is also referred to as the metaverse - a term often used to describe the concept of persistent, shared, 3D virtual spaces in a virtual universe. I discussed this concept in a note entitled, \"Introducing President Mark Zuckerberg.\"\nThe idea of a metaverse has been written about by futurists and science fiction authors for over 30 years. With the advent of increasingly powerful consumer computing devices, cloud computing, and high bandwidth internet connections, the concept of the metaverse is materializing.\nThe Roblox human co-experience platform serves as the underlying technology and infrastructure that supports shared experiences for millions of users, and it consists of the Roblox Client, the Roblox Studio, and the Roblox Cloud.\n\nRoblox Client- The application that allows users to explore 3D digital worlds.\nRoblox Studio- The toolset that allows developers and creators to build, publish, and operate 3D experiences and other content accessed with the Roblox Client.\nRoblox Cloud- The services and infrastructure that power the human co-experience platform.\n\nRoblox's mission is to build a human co-experience platform that enables shared experiences among billions of users. Since its inception, Roblox has invested heavily in building the Roblox platform, and ~80% of Roblox's employees are dedicated to maintaining, improving, and expanding the platform. The company is constantly improving the ways in which the Roblox platform supports shared experiences, ranging from how these experiences are built by an engaged community of developers to how they are enjoyed and safely accessed by users across the globe.\nAccording to Roblox's S-1 filing, the Roblox platform is differentiated through a number of key characteristics, which are mentioned below (the following are quoted from the company's S-1 linked just a moment ago):\n\nIdentity:All users have unique identities in the form of avatars that allow them to express themselves as whoever or whatever they want to be. These avatars are portable across experiences.\n\n\nFriends: Users interact with friends, some of whom they know in the real world, and others who they meet on Roblox.\n\n\nImmersive\n:\nThe experiences on Roblox are 3D and immersive. As we continue to improve the Roblox Platform, these experiences will become increasingly engaging and indistinguishable from the real world.\n\n\nAnywhere: Users, developers, and creators on Roblox are from all over the world, including North America, Europe, South America, Asia, Australia, and Africa. In 2019, we entered into a joint venture agreement with Songhua River Investment Limited, or Songhua, an affiliate of Tencent, to operate a Chinese version of the Roblox Platform that will be operated and published in China by Tencent under the name “Luobulesi.” Further, as of December 31, 2020, the Roblox Client operates on iOS, Android, PC, Mac, and Xbox, and supports VR experiences on PC using Oculus Rift and HTC Vive headsets.\n\n\nLow Friction: It is simple to set up an account on Roblox and free for users to enjoy experiences on the platform. Users can quickly traverse between and within experiences either on their own or with their friends. It is also easy for developers to build experiences and then publish them to the Roblox Cloud so that they are then accessible to users on the Roblox Client across all platforms. On behalf of the developers and creators, Roblox also provides critical services such as user acquisition, billing, collections, content moderation, translation, safety, regulatory compliance, and customer support. This makes it easier and simpler for even individual developers and creators and small studios to be successful developers and creators.\n\n\nVariety of Content: Roblox is a vast and expanding universe of developer and creator-built content. As of Dec. 31, 2020, there were over 20 million experiences on Roblox, and in the year ended Dec. 31, 2020, over 13 million of these were experienced by our community. These ranged from experiences that simulate building and operating a theme park to adopting a pet, scuba diving, creating and playing your own superhero, and more. There also are millions of creator-built virtual items, such as hats, shirts, and pants, with which users can personalize their avatars and 3D virtual items, assets, and sounds that creators can incorporate into experiences. Historically, Roblox has also created virtual items with which users can personalize their avatars. Our focus today and going forward, however, is on user-generated content.\n\n\nEconomy: Roblox has a vibrant economy built on a currency called Robux. Users who choose to purchase Robux can spend the currency on experiences and on items for their avatar. Developers and creators earn Robux by building engaging experiences and compelling items that users want to purchase. Roblox enables developers and creators to convert Robux back into real-world currency.\n\n\nSafety: Multiple systems are integrated into the Roblox Platform to promote civility and ensure the safety of our users. These systems are designed to enforce real-world laws and are designed to extend beyond minimum regulatory requirements.\n\nThe revenue growth at Roblox has been driven primarily by significant investments in technology and two mutually reinforcing network effects: content and social.\nSource:Roblox S-1\nRoblox's platform is powered by user-generated content that's built by an engaged community of developers and creators. As Roblox's developers and creators build increasingly high-quality content, more users are attracted to their platform. The more users on the platform, the higher the engagement and the more attractive Roblox becomes to developers and creators. With more users, more Robux (Roblox's virtual currency) is spent on the platform, which in turn incentivizes developers to build more engaging content for users and attracts new developers and content creators to the Roblox developer community.\nThe social nature of Roblox's platform makes it special. Roblox's users typically play with friends, and this inspires them to invite more friends to the platform, who, in turn, invite their friends, driving organic growth. A higher number of friends on the platform leads to increased long-term user engagement. Therefore, more and more users join Roblox's platform through word-of-mouth marketing from their existing friends using the platform.\nNow that we have an understanding of Roblox's platform, let's see how Roblox's economy functions, in other words, how Roblox makes money:\nRoblox is powered by exclusive user-generated games that include personalized avatars. Upon joining Roblox, gamers can personalize their avatars by choosing body types, clothes, and other accessories. To do so, the gamers purchase a virtual currency (Robux) from within Roblox's platform. Game developers and content creators earn Robux through microtransactions in their games, such as selling in-game virtual items and engagement-based rewards. Through Roblox's Developer Exchange Program, developers can exchange Robux for real-world currency. This is how money flows from gamers to developers on Roblox's platform.\nThe income generated through Roblox empowers game developers (individuals and game studios) to invest in higher-quality content, which attracts more gamers to Roblox. Having enjoyed Roblox, users tend to invite more friends to play on the platform, and this helps game developers attract larger audiences. According to Roblox, many users eventually become developers on the platform, and nearly all Roblox developers started as users. Therefore, Roblox has a robust community and a vibrant economy.\nRoblox supports its developer community by providing tools to create, publish, operate, and monetize content (games and experiences). In 2020, more than 1.25M developers earned Robux, and ~4,300 developers qualified for Roblox's Developer Exchange Program, making them eligible to exchange their earned Robux for real-world currency. To qualify for the Developer Exchange Program, the developers need to meet certain conditions, such as:\n\nEarn at least 100,000 Robux,\nVerified developer account, and\nAccount must be in good standing.\n\nIn 2020, more than 3300 developers exchanged Robux for real-world currency. According to Roblox's disclosures, 1,250-plus developers earned more than $10K in 2020, whereas 300-plus developers made more than $100K in the same period.\nGenerally, Roblox users can create an avatar and explore experiences for free after joining the platform. However, the business model for any given game is decided by its developer. Within these free games, users can spend Robux to purchase in-game enhancements and items such as clothing, gear and emotes, from Roblox's Avatar Marketplace. As you may already know, Roblox retains a portion of every Robux transaction and distributes the rest to developers.\nImportant Note: Robux can only be purchased from Roblox at a price set by Roblox and can only be spent within its platform.\nKey Disclosure from Roblox in relation to Robux:\nOther than daily and monthly limitations to prevent fraud, there's no cap on the number of Robux that any user or users in the aggregate can purchase. Robux has no monetary or intrinsic value outside of our platform and can only be converted to US dollars through our Developer Exchange Program. We're aware that some users seek to use unauthorized third-party websites to exchange Robux for real-world currency, which is not permitted under our terms of use. We regularly monitor and screen usage of our platform with the aim of identifying and preventing these activities, as well as regularly send cease-and-desist letters to operators of third-party websites offering fraudulent Robux or digital goods offers.\nSource:Roblox S-1\nGamers primarily purchase Robux in two ways: 1. One-time purchases or 2. Roblox Premium subscription service. Roblox accepts payments through (Apple’s and Google’s) app stores, credit cards, and debit cards. In 2020, the average price for a Robux was $0.01. Roblox Premium is billed monthly, and this subscription service includes discounts on Robux purchases, exclusive access to certain in-experience benefits, some exclusive and discounted marketplace items, and the ability to buy, sell and trade certain Avatar items. In 2020, Roblox’s bookings (sale of Robux) came in at $1.8B, which means that Roblox’s ~140M users spent an average of $12.85 on the platform (the average revenue per daily active users is much higher at about $60).\nFor developers, Robux is considered \"earned\" if and when a developer receives them as payments for a bonafide third-party transaction for virtual goods through the Roblox Platform. Currently, developers can earn Robux via the following mechanisms:\n\nSale of access to experiences (games) and in-game enhancements,\nEngagement-based payouts for the amount of time that Roblox Premium subscribers spend in their experiences,\nSale of content and tools within the developer community, and\nSale of virtual items to gamers through the Avatar Marketplace.\n\nAs Roblox users’ purchase and spend Robux on the platform, developers receive 70% of the Robux spent within their games and 70% of the Robux spent on Roblox's Studio Marketplace items. Content creators receive only 30% of the Robux spent for their Avatar Marketplace items. The earned Robux are deposited into the virtual accounts of the developers and creators, who (if qualified) can convert Robux into U.S. dollars at an exchange rate which is (again) set by Roblox (in its sole discretion) at 1 Robux to $0.0035 (conversion price as of Dec. 31, 2020).\nAs you may remember, the average purchase price of a Robux was $0.01 in 2020, and now we know that developers can exchange a Robux for $0.0035 (35% of Robux’s purchase price). Therefore, the unit economics are undoubtedly tilted in favor of Roblox, and the virtual economy built within Roblox’s ecosystem gives the company massive controlling power.\nIn 2020, Roblox’s qualified developers (Developer Exchange Program) earned $328.7M, up from $112M in 2019. The growth in developer earnings resulted from a growth in qualified developers, a rise in DAUs, and higher engagement with consumers. As an aside, Roblox’s developers do not always cash out their Robux into real-world currency as they can reinvest their Robux into developer tools available in the Studio Marketplace, promote their games through Roblox’s internal ad network, or spend the Robux as any other Roblox gamer would (on experiences and in-game purchases).\nThe Roblox platform combines significant bookings (sale of Robux) (and, by extension, revenue) with strong unit economics to generate massive amounts of free cash flow.\nRoblox Had A Great 2020, But What Next?\nIn 2020, the coronavirus pandemic boosted the mobile gaming industry as people (kids, to be precise) stayed home during lockdowns. Roblox's social gaming platform saw an influx of new users, and bookings shot up to over $2B. As you can see, Roblox's revenues grew by 81% y/y to $923M last year.\nSource:Roblox S-1\nThe rapid revenue growth is attributable to an increase in numbers of active users and higher user engagement (and spending). Roblox's DAUs went up from 19M to 37M within a year, while average bookings per DAU shot up to $17.30 from $12.37. For Q4, total hours engaged came in at 8.4B hours, a figure that represented substantial growth on a y/y basis; however, it also represented a q/q decline.\nSource:Roblox S-1\nAlthough Roblox's operations continue to lose money, the company is actually generating massive amounts of free cash flow. The bookings made on Roblox's platform convert to revenue over time as in-game virtual goods are consumed or amortized (in accordance with the average life of the consumer).\nSource:Roblox S-1\nOn the back of ultra-strong numbers in 2020, Roblox's public listing seems to be timed to perfection. From a reference price of $45, the stock rallied higher on the direct listing day and has continued to trade up at ~$65-80 range. Here's what Roblox's CEO had to say on the listing:\nSource:Roblox CEO David Baszucki on the company's Wall Street debut\nRoblox's growth numbers for 2020 were mind boggling. However, the expectations for 2021 are lukewarm (and rightly so). With the pandemic fading away, people are returning towards normality, and a reduction in hours spent on gaming is a certainty.\nFor 2021, Roblox is expecting DAU growth of just 6%, with flat numbers for hours engaged. Although the company expects revenue to grow by 60% y/y, bookings (closer estimation of Roblox's actual growth) are expected to grow at just 10% y/y.\nSource:Roblox S-1\nAs bookings growth moderates and the company spends more on R&D to drive future growth, the company's free cash flow is set to decline in 2021. Therefore, I would not expect fireworks to continue for Roblox's stock over the coming year as it faces tough comps.\nSource:Roblox S-1\nWith that being said, Roblox's growth story is far from over. In fact, I can envision a very long growth runway for Roblox (similar to Unity). The growth of interactive, real-time 3D content across numerous industries (like Gaming, Architecture, 3D printing/Intelligent Manufacturing, AR/VR, and many more) will drive the demand for Roblox's platform higher over the coming years.\nSource:Newzoo\nIn 2020, mobile gaming was the fastest-growing industry among all forms of gaming, and it's now believed to be worth $77.2B. And by 2025, it's expected to be worth$150B per annum. Naturally, Roblox will benefit from the rapid growth in mobile gaming. Therefore, Roblox is supported by a very powerful secular growth trend, i.e., the rise of mobile gaming.\nHowever, the real upside for Roblox's platform will come from the mainstream adoption of AR/VR technology. These markets are set to see explosive growth over upcoming years:\nSource:DevTeam\nEconomically viable virtual realities are already all around us in that games are massively profitable and are pseudo-virtual realities. I believe that this market will actually accelerate as wide-scale adopted virtual realities begin popping up over the next decade or two, many of which will likely be built atop platforms such as Roblox and Unity.\nAlthough I like Unity, I believe that Roblox's platform has greater potential due to the democratization of content generation. Roblox is transforming the world of interactive gaming by changing how people express themselves, play, socialize, learn, and transact together. According to the management, Roblox is currently focused on the following growth initiatives:\n\nPlatform Extension: Roblox is continually investing to extend its platform. These investments include high fidelity avatars, 3D spatial audio technology, and additional social features. In the future, Roblox can expand into other areas like entertainment, e-learning (education), and enterprise work communications. For example, developers will be able to create and host virtual meetings, classrooms, concerts, and conferences on the Roblox platform.\nAge Demographics Expansion: Today, a large chunk of Roblox’s users are kids below the age of 13. However, platform extension will enable developers to build higher quality experiences (games and other content) that are curated to meet the needs of an older age demographic. If Roblox can successfully increase its penetration among other older age categories, then it can easily grow at swashbuckling rates for years to come.\nInternational Reach: Roblox already is a global platform. However, there's still significant potential for the company to grow in international markets. Today, almost all of Roblox’s revenue comes from the United States, Canada, and United Kingdom. Hence, there are big markets for Roblox to expand its presence. Roblox is expecting the same organic, word-of-mouth user and developer growth in international markets that the platform has experienced in its primary markets. Additionally, Roblox is making massive investments in technology to enhance growth across the globe. For example, features such as built-in regional compliance and automated language translation can enable Roblox to scale operations in global markets, allowing developers to publish games (or content) in multiple languages and allowing users (speaking different languages) to communicate effectively. Roblox’s greatest international opportunity today is China, and the company is addressing this opportunity through a joint venture with Songhua (an affiliate of Tencent, which is one of the leading internet companies in China).\nMonetization: Roblox believes that its platform has massive monetization potential. To improve monetization, Roblox is actively working with the developer community. Furthermore, Roblox is taking up new strategic initiatives such as the Roblox Premium subscription service to enhance retention of paying users and conversion of free users to paying users. Finally, Roblox is working with leading brands (like Warner Bros, NFL, Netflix, Marvel, WWE, and FC Barcelona) to build unique marketing opportunities on the Roblox Platform through branded content.\n\nHence, Roblox will likely resume robust bookings growth after the projected slowdown in 2021. As you may know, Roblox competes for both users, developers, and creators. Roblox competes to attract and retain its users' attention on the basis of content and user experiences. Therefore, Roblox competes for users and their engagement hours with global technology leaders such as Amazon, Apple, Google, Microsoft, Facebook, and Tencent, global entertainment companies such as Disney, Comcast, and ViacomCBS, global gaming companies such as Electronic Arts, Activision Blizzard, Take-Two, Unity, Valve, and Zynga, online content platforms including Spotify, Netflix, and YouTube, as well as social platforms such as Facebook, Snap, and Pinterest.\nFor now, Roblox is out-competing its rivals due to many factors such as personalization of user experience, content variety, and social features. However, Roblox is heavily reliant on developers for the content that leads to the creation and maintenance of user engagement on its platform. Hence, Roblox has to compete with other platforms like Unity to attract and retain developers. Therefore, Roblox has to provide advanced tools needed to build, publish, operate, and monetize content (more efficiently and more lucratively than its rivals).\nHence, Roblox directly competes for developers, creators, and engineering talent with gaming platforms (such as Epic Games, Unity, and Valve Corporation) that provide developers and creators the ability to create or distribute interactive content. I believe Roblox's comprehensive offering to build, publish, and operate experiences on its platform, free and easy-to-use technology, broad user reach, economic rewards system, brand, reputation for innovation, developer-centric culture, and Roblox's vision differentiates the company from its rivals.\nNow, let's find the fair value and expected returns for Roblox.\nFair Value and Expected Return\nRoblox's bookings are the true reflection of its business, and so we will be analyzing the company using its bookings and not its revenue. In this case, the potential free cash flow margin is also based on bookings.\nAssumptions:\n\n\n\nForward 12-month bookings [A]\n$2000 million\n\n\nPotential Free Cash Flow Margin [B]\n30%\n\n\nAverage fully-diluted shares outstanding [C]\n~650 million\n\n\nFree cash flow per share [ D = (A * B) / C ]\n$0.923\n\n\nFree cash flow per share growth rate (conservative estimate)\n25%\n\n\nTerminal growth rate\n3%\n\n\nYears of elevated growth\n10\n\n\nTotal years to stimulate\n100\n\n\nDiscount Rate (Our \"Next Best Alternative\")\n9.8%\n\n\n\nResults:\nSource: L.A. Stevens Valuation Model\nAccording to my estimation, Roblox's fair value is ~$58, i.e., it's trading at a premium of ~20%. In this market, high-growth tech stocks have been hammered, and there are great deals out there. And so buying Roblox at a premium doesn't make a lot of sense.\nTo determine the expected returns, our model calculates a projected FCF per share value (year-10) and multiplies it with an assumed Price to FCF multiple (35x here), thereby generating a 2031 price target. Using this price target, the model generates an expected CAGR return for a ten-year investment.\nSource: L.A. Stevens Valuation Model\nAs you can see above, Roblox's share price could grow from ~$70 to ~$240 (~3.5x) at a CAGR of ~13.15% over the next decade. Since the expected return is lower than BTM's investment hurdle rate of 15%, I rate Robloxa modest buy to hold at $70.\nAt such a large market cap, the company will require a few years for growth to catch up with its current valuation.\nConcluding Thoughts\nLet's conclude our discussion with a BTM Crucial Characteristics Check for Roblox:\n\n\n\nCrucial Characteristic\nNotes\n\n\nVisionary Founder/CEO\nDavid Baszucki (co-founder of Roblox) is a visionary technologist who has led Roblox as its CEO since its launch in 2006. Over the last five years, Roblox's popularity has exploded. However, David and his team are aggressively reinvesting in the Roblox platform (especially in engineering) to drive the next leg of growth for the company. Roblox's vision is to become a platform where billions of people share experiences (not just gaming) on a daily basis.David is now 58, so we might have his leadership only for a few more years. Furthermore, all other C-suite executives (barring one or two) at Roblox are also well into their 50s. Therefore, I expect significant management changes at Roblox over the next decade. With that being said, I believe the Roblox platform is incredibly powerful, and the company's business model is so robust that even a chimp can run it successfully.\n\n\nProprietary Tech\nRoblox's platform (Client, Studio, and Cloud) is powered by highly proprietary technology built over the last three decades. On any given day, more than 32M people use Roblox (DAUs) to connect via play.\n\n\nNetwork Effects\nThe social component built into Roblox allows users to invite their friends and family to play with them and share experiences on the platform. A higher number of users attracts more developers to Roblox, which leads to more games (better content by variety and quality). These network effects remain the primary driver of Roblox's tremendous growth.\n\n\nPowerful Secular Growth Trend\nThe growth of interactive, real-time 3D content across numerous industries (like Gaming, AR/VR, Architecture, 3D printing/Intelligent Manufacturing, etc.) is a powerful secular growth driver for Roblox.\n\n\nSounds Financials\nIn 2020, Roblox reported mind-boggling numbers in terms of revenue (~$923M, up ~82% y/y), bookings (~$1.8B, up ~181% y/y), and free cash flow (~$411M). However, the company expects stagnation in bookings in 2021 as the pandemic boost to gaming disappears. Roblox is already a free cash flow generative business, and the company has $800M+ on its balance sheet. Therefore, a direct listing made sense.With 650M fully-diluted shares outstanding, Roblox's numbers fall short relative to its market cap. The stock is currently trading at a premium of 20% to its fair value, and its expected CAGR return of 13% falls below our investment hurdle rate.\n\n\nBranding\nRoblox is a global platform that has 130M Users (32.6M Daily Active Users). The Roblox platform gives individuals a strong sense of community and belonging through the rich, immersive co-experiences it provides. Roblox's growth is entirely organic (word-of-mouth), and this shows how the brand is truly loved by its customers.\n\n\nInternational Expansion\nRoblox is available globally; however, it has significant room to expand in underpenetrated geographies such as Europe, Latin America, Africa, and Asia. The joint venture with Tencent to bring Roblox to China will probably be the biggest growth driver for the company within the next few years.\n\n\n\nRoblox satisfies almost all of BTM's investment criteria, but at a market cap of $45B+, the valuation looks stretched. We do not shy away from paying a premium for a high-quality business if the expected return exceeds our hurdle rate; however, the expected return for Roblox is only 13% after the massive bounce in its price after going public.\nIn recent years, direct listings (like Spotify(NYSE:SPOT)and Slack(NYSE:WORK)) have failed to generate massive performance in their first year as public companies and I expect Roblox to follow suit. The company's guidance for 2021 points to stagnation in bookings as the mobile gaming frenzy of 2020 fades away along with the pandemic. Therefore, I think we can wait for a better entry point on Roblox, which would be around its direct listing price of $45.\nKey Takeaway: I rate Roblox a hold to modest buy at $70.\nThanks for reading. Please share your thoughts, questions, and/or concerns in the comments section.","news_type":1},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}