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2023-11-07

Great ariticle, would you like to share it?

@TigerEvents:Join Tiger's Halloween Fun! Win Big!

2023-06-07

Great ariticle, would you like to share it?

@TigerEvents:Light up your investing with Tiger, play and win prizes worth up to USD 999

2023-04-04

lfg

@TigerEvents:【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher

2022-07-05

TO THE MOON!

Tesla: 10-K Footnotes And Bears' Arguments

2022-06-28

ok

Better Stock-Split Buy: Alphabet Or Tesla?

2022-06-21

below $600

2022-04-13

$Tesla Motors(TSLA)$sold 1 share for fun

2022-02-10

quickly sell guys so i can load up more

Tesla Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds

2021-07-29

buy buy buy

Small-time traders turn 'dip buyers' in China share selloff

Go to Tiger App to see more news

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Join the game now and hop on your way to victory. 🥳🐣Join our Easter campaign now","images":[{"img":"https://community-static.tradeup.com/news/c90a7371a3bcd1e6c552d2aa23f72c33","width":"1200","height":"630"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943960936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9070956919,"gmtCreate":1656999997431,"gmtModify":1676535930232,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"TO THE MOON!","listText":"TO THE MOON!","text":"TO THE MOON!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070956919","repostId":"2248731460","repostType":2,"repost":{"id":"2248731460","kind":"highlight","pubTimestamp":1656986181,"share":"https://ttm.financial/m/news/2248731460?lang=&edition=fundamental","pubTime":"2022-07-05 09:56","market":"us","language":"en","title":"Tesla: 10-K Footnotes And Bears' Arguments","url":"https://stock-news.laohu8.com/highlight/detail?id=2248731460","media":"Seekingalpha","summary":"ThesisI have been a long-term bull on Tesla (NASDAQ:TSLA) as you can see from my previous writings. ","content":"<html><head></head><body><h2>Thesis</h2><p>I have been a long-term bull on Tesla (NASDAQ:TSLA) as you can see from my previous writings. I have published a series of articles arguing for its nonlinear growth potential. In this article, I will switch perspective and address the bears’ counterargument. The point is not to prove them to be wrong. Quite the opposite, their concerns are 100% valid to me. I am analyzing these concerns not to dismiss their concerns, but to provide a full view, so we can all make an informed decision.</p><p>An open mind that can work with conflicting views is the starting point for investing, especially for nonlinear stocks like TSLA. And this has been a cornerstone of my own investing philosophy. And it is also a philosophy that my writing and market service always promote. We always value disconfirming information more than confirming information.</p><p>Charlie Munger was once asked for tips for investors who have to work with two opposing views. And his response quoted below, as usual, is so quotable:</p><blockquote>Charlie Munger: Well, I do have a tip. At times in my life, I have put myself to a standard that I think has helped me: I think I’m not really equipped to comment on this subject until I can state the arguments against my conclusion better than the people on the other side. If you do that all the time; if you’re looking for disconfirming evidence and putting yourself on a grill, that’s a good way to help remove ignorance.</blockquote><p>Following this wisdom, let’s play the game of arguing against ourselves. Many of you probably are familiar with the common bears’ view already such as high valuation, competition, carbon credit, et al. So, this article will limit the scope to two concerns (scale of government subsidies and tax incentives) not often discussed, concerns that have to be gleaned mostly from the footnotes or independent disclosures.</p><h2>Government Subsidies</h2><p>First, TSLA’s current financials are dressed up by a multitude of government aids, both from local state, federal, and also overseas. Musk is very vocal against government aid and if you follow his Twitter, you may form the wrong view that TSLA does not benefit from such aid.</p><p>On the contrary, TSLA benefits extensively from these aids. And given how fickly government policies can change, such aids form a considerable uncertainty for TSLA’s long-term prospects. Take U.S. aid as an example. These aids include federal loans, tax breaks, loan guarantees, bailout assistance, State/Local loans, bond financing, and venture capital. You can see a detailed list of these aids at this link. As of this writing, TSLA receives a total of 110 subsidies with a total face value of more than $2.5B. To put things into perspective, TSLA&#39;s 2021 total net income was only $5.6B.</p><p>These subsidies are not limited to the US alone. They come from overseas markets like Europe and China too, adding a further layer of uncertainties, as elaborated below.</p><p><img src=\"https://static.tigerbbs.com/b26cf6f11d634d38ca8769c4c4ded14b\" tg-width=\"640\" tg-height=\"226\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Subsidytracker.goodjobsfirst.org</p><h2>Tax Incentives</h2><p>The following chart shows TSLA’s most recent income statement. The taxes are highlighted. And as you can see, it earned $3.6B of pretax income in the quarter ended on March 31, 2022, and reported a provision for income tax of $346M. So this leads to an effective rate of less than 10% (9.6% to be precise). The picture of last year was very similar: $69M of tax provision on a $533M pretax earnings.</p><p>The reasons for such low tax rates, as indicated in its Form 10-K, are several temporary tax incentives. For example, China has approved a tax reduction for TSLA from the normal rate of 25% to 15%. The reason for singling out China here is twofold.</p><p>First, China has become an important market for TSLA. As of 2021, its China sales are nearly half of its U.S. sales, and the China sales contribute about half of its total pretax income. Second, the tax break is scheduled to expire in 2023. Given the large size of its China sales, if the tax rates do invert to 25% by 2023, the additional taxes in China alone will create a non-negligible impact on its earnings.</p><p>To further compound the uncertainty, TSLA cars are also exempted from the 10% purchase tax in China (as detailed in the following Reuters report). This exemption is also scheduled to expire in 2023 and whether it can be extended or not is uncertain.</p><blockquote>BEIJING (Reuters) - China will exempt Tesla Inc&#39;s TSLA.O electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday. Tesla sees China as one of its most important, growing markets, and the exemption from a 10% purchase tax could reduce the cost of buying a Tesla by up to 99,000 yuan ($13,957.82), according to a post on Tesla’s social media WeChat account.</blockquote><p><img src=\"https://static.tigerbbs.com/369829514fefa1533595fc2ed905bd7e\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Tesla form 10-Q</p><h2>Final Thoughts</h2><p>To summarize, the common bearish concerns such as high valuation, competition, carbon credit, et al., are 100% valid. Moreover, TSLA also faces other uncertainties such as extensive government subsidies and tax incentives from the local government, federal government, and overseas markets. These factors help to dress up TSLA’s financials to a substantial extent, but are not sustainable in the long term. Again, the goal here is not to dismiss the bears’ concerns, but to provide a full view, so we can all make a better investment decision.</p><p>Finally, let me conclude with a brief of my bullish thesis to caution bears with some upside risks too. As a nonlinear growth stock, TSLA enjoys higher-order benefits as it scales up its production and delivery, as argued in my earlier article. For such nonlinear stock, market psychology plays a large role, and it is usually a bad idea to short just based on valuation considerations. The price and value of such companies are often disconnected - and for extended periods of time. And Musk seems to be a master to work with this disconnection, as you can see from the chart below. The company has issued a total of $23.8B of new stocks between 2015 and 2021 cumulatively, while the debt was reduced to a mere $5.4B.</p><p><img src=\"https://static.tigerbbs.com/c6638b59bef4e20f516c5922083e8f14\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author based on Seeking Alpha data</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: 10-K Footnotes And Bears' Arguments</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: 10-K Footnotes And Bears' Arguments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-05 09:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4521621-tesla-10-k-footnotes-and-bears-arguments><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ThesisI have been a long-term bull on Tesla (NASDAQ:TSLA) as you can see from my previous writings. I have published a series of articles arguing for its nonlinear growth potential. In this article, I...</p>\n\n<a href=\"https://seekingalpha.com/article/4521621-tesla-10-k-footnotes-and-bears-arguments\">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://seekingalpha.com/article/4521621-tesla-10-k-footnotes-and-bears-arguments","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248731460","content_text":"ThesisI have been a long-term bull on Tesla (NASDAQ:TSLA) as you can see from my previous writings. I have published a series of articles arguing for its nonlinear growth potential. In this article, I will switch perspective and address the bears’ counterargument. The point is not to prove them to be wrong. Quite the opposite, their concerns are 100% valid to me. I am analyzing these concerns not to dismiss their concerns, but to provide a full view, so we can all make an informed decision.An open mind that can work with conflicting views is the starting point for investing, especially for nonlinear stocks like TSLA. And this has been a cornerstone of my own investing philosophy. And it is also a philosophy that my writing and market service always promote. We always value disconfirming information more than confirming information.Charlie Munger was once asked for tips for investors who have to work with two opposing views. And his response quoted below, as usual, is so quotable:Charlie Munger: Well, I do have a tip. At times in my life, I have put myself to a standard that I think has helped me: I think I’m not really equipped to comment on this subject until I can state the arguments against my conclusion better than the people on the other side. If you do that all the time; if you’re looking for disconfirming evidence and putting yourself on a grill, that’s a good way to help remove ignorance.Following this wisdom, let’s play the game of arguing against ourselves. Many of you probably are familiar with the common bears’ view already such as high valuation, competition, carbon credit, et al. So, this article will limit the scope to two concerns (scale of government subsidies and tax incentives) not often discussed, concerns that have to be gleaned mostly from the footnotes or independent disclosures.Government SubsidiesFirst, TSLA’s current financials are dressed up by a multitude of government aids, both from local state, federal, and also overseas. Musk is very vocal against government aid and if you follow his Twitter, you may form the wrong view that TSLA does not benefit from such aid.On the contrary, TSLA benefits extensively from these aids. And given how fickly government policies can change, such aids form a considerable uncertainty for TSLA’s long-term prospects. Take U.S. aid as an example. These aids include federal loans, tax breaks, loan guarantees, bailout assistance, State/Local loans, bond financing, and venture capital. You can see a detailed list of these aids at this link. As of this writing, TSLA receives a total of 110 subsidies with a total face value of more than $2.5B. To put things into perspective, TSLA's 2021 total net income was only $5.6B.These subsidies are not limited to the US alone. They come from overseas markets like Europe and China too, adding a further layer of uncertainties, as elaborated below.Source: Subsidytracker.goodjobsfirst.orgTax IncentivesThe following chart shows TSLA’s most recent income statement. The taxes are highlighted. And as you can see, it earned $3.6B of pretax income in the quarter ended on March 31, 2022, and reported a provision for income tax of $346M. So this leads to an effective rate of less than 10% (9.6% to be precise). The picture of last year was very similar: $69M of tax provision on a $533M pretax earnings.The reasons for such low tax rates, as indicated in its Form 10-K, are several temporary tax incentives. For example, China has approved a tax reduction for TSLA from the normal rate of 25% to 15%. The reason for singling out China here is twofold.First, China has become an important market for TSLA. As of 2021, its China sales are nearly half of its U.S. sales, and the China sales contribute about half of its total pretax income. Second, the tax break is scheduled to expire in 2023. Given the large size of its China sales, if the tax rates do invert to 25% by 2023, the additional taxes in China alone will create a non-negligible impact on its earnings.To further compound the uncertainty, TSLA cars are also exempted from the 10% purchase tax in China (as detailed in the following Reuters report). This exemption is also scheduled to expire in 2023 and whether it can be extended or not is uncertain.BEIJING (Reuters) - China will exempt Tesla Inc's TSLA.O electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday. Tesla sees China as one of its most important, growing markets, and the exemption from a 10% purchase tax could reduce the cost of buying a Tesla by up to 99,000 yuan ($13,957.82), according to a post on Tesla’s social media WeChat account.Tesla form 10-QFinal ThoughtsTo summarize, the common bearish concerns such as high valuation, competition, carbon credit, et al., are 100% valid. Moreover, TSLA also faces other uncertainties such as extensive government subsidies and tax incentives from the local government, federal government, and overseas markets. These factors help to dress up TSLA’s financials to a substantial extent, but are not sustainable in the long term. Again, the goal here is not to dismiss the bears’ concerns, but to provide a full view, so we can all make a better investment decision.Finally, let me conclude with a brief of my bullish thesis to caution bears with some upside risks too. As a nonlinear growth stock, TSLA enjoys higher-order benefits as it scales up its production and delivery, as argued in my earlier article. For such nonlinear stock, market psychology plays a large role, and it is usually a bad idea to short just based on valuation considerations. The price and value of such companies are often disconnected - and for extended periods of time. And Musk seems to be a master to work with this disconnection, as you can see from the chart below. The company has issued a total of $23.8B of new stocks between 2015 and 2021 cumulatively, while the debt was reduced to a mere $5.4B.Author based on Seeking Alpha data","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042002299,"gmtCreate":1656395957311,"gmtModify":1676535821237,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042002299","repostId":"2246723138","repostType":2,"repost":{"id":"2246723138","kind":"highlight","pubTimestamp":1656389023,"share":"https://ttm.financial/m/news/2246723138?lang=&edition=fundamental","pubTime":"2022-06-28 12:03","market":"us","language":"en","title":"Better Stock-Split Buy: Alphabet Or Tesla?","url":"https://stock-news.laohu8.com/highlight/detail?id=2246723138","media":"Motley Fool","summary":"These titans will be splitting their stocks shortly. But which one will outperform in the long run?","content":"<html><head></head><body><p><b>KEY POINTS</b></p><ul><li>Stock splits are fun, but company performances will drive investor profits.</li><li>The economy is top of mind as inflation is running at a 40-year high.</li><li>Concerns and opportunities abound for these two industry leaders.</li></ul><p>Stock splits generate a ton of excitement among investors. A stock split does not directly affect the value of an investor&#39;s holdings but opens up other opportunities. There is often a lot of stock-price movement around the announcement and split dates. But what about afterward? Once the excitement dies down, the stock will start trading on economics again. With this in mind, which of these juggernauts is the better long-term play?</p><p><b>Alphabet</b>, the parent company of Google, and <b>Tesla</b> are on the clock, with Alphabet&#39;s 20-for-1 split coming up on July 1 and Tesla&#39;s date still to be determined. Tesla will hold its shareholder meeting on August 4th when it is expected a 3-for-1 split will be approved. The execution of the split will likely follow shortly after. Based on recent prices, Alphabet will trade in the range of $115 per share and Tesla around $240 per share post-split. This could change drastically in today&#39;s topsy turvy market, of course.</p><p><b>What is the outlook for Alphabet?</b></p><p>Alphabet had a tremendous 2021 by nearly any measure. As shown below, sales and cash from operations rose 41% to $257.6 billion and $91.7 billion, respectively. And the company&#39;s diluted earnings per share (EPS) reached $112.20 on over 90% growth.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6aa04d417c4ecae043384597580febe\" tg-width=\"2000\" tg-height=\"453\" referrerpolicy=\"no-referrer\"/><span>DATA SOURCE: ALPHABET. CHART BY AUTHOR.</span></p><p>The company followed up this performance with a strong first-quarter 2022 in which sales, cash from operations, and EPS increased year over year. But what about the future? With a potential recession around the corner, investors are rightly concerned that ad budgets will be cut, which could hurt Alphabet&#39;s results.</p><p>Alphabet has a few aces up its sleeve to weather an economic slowdown. First, Google Search currently holds a market share of over 85%,according to Statista. The Federal Trade Commission (FTC) believes it is a monopoly, but unless Congress passes comprehensive legislation, Alphabet will continue to dominate. This gives the company tremendous pricing power, which is critical to maintaining profitability.</p><p>Alphabet also has two other fast-growing revenue streams in YouTube and the Google Cloud. YouTube revenues spiked 46% in 2021 partly due to people staying in more due to COVID-19. The growth slowed to 14% year over year in Q1 2022 as the pandemic waned, but the upward trend remains.</p><p>Google Cloud may be the most important segment to watch moving forward. This segment competes with <b>Amazon</b>&#39;s Amazon Web Services (AWS) and <b>Microsoft</b>&#39;s Azure. Cloud computing is expected to continue its explosive growth in the foreseeable future. Sales for Google Cloud grew 47% in 2021 to $19.2 billion. The rub is that this segment isn&#39;t profitable, while AWS produces enormous operating profits for Amazon. If Alphabet can scale to profitability, it will be a giant boon for profits and shareholders.</p><p>On the valuation front, Alphabet trades for its lowest price-to-earnings (P/E) ratio since the beginning of 2019, as shown below.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/832b194f1b0667c75fe5e1101259d5fc\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>GOOG PE RATIO DATA BY YCHARTS.</span></p><p>Even if the company experiences short-term headwinds, this price looks enticing for long-term investors.</p><p><b>What is the outlook for Tesla?</b></p><p>Let&#39;s face it, whatever we think of Tesla&#39;s valuation (it&#39;s high!) or outspoken CEO Elon Musk (he&#39;s polarizing!), the company&#39;s rise has been absolutely phenomenal. And shareholders have been richly rewarded. An investment of $10,000 in Tesla stock 10 years ago would be worth over $1 million today, while the same investment five years ago would be worth more than $95,000.</p><p>There are positive and negative factors on the horizon for Tesla. Gas prices are shocking Americans at the pump. This could lead many to consider an electric vehicle maybe for the first time. Tesla is experiencing massive demand already, with many cars sold out until 2023.</p><p>The big question is whether this demand can continue in a potential recession.</p><p>Consumer sentiment is generally a leading indicator of upcoming consumer spending. As shown below, sentiment is not only lower than in March 2020, but it is far lower than even during the Great Recession. This is disturbing for any company that relies upon consumer spending.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41bff0dde3b248b2b94f3636bc6eb00b\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>US INDEX OF CONSUMER SENTIMENT DATA BY YCHARTS.</span></p><p>Competition is heating up. For years, Tesla has enjoyed an incredible first-mover advantage. Tesla was laser-focused on electric vehicles while other automakers scuffled along. That&#39;s changing quickly as traditional automakers invest billions in electrifying large parts of their fleets in the coming years.</p><p>The final concern is the valuation. Tesla has a larger market cap than the following seven largest automakers combined. Tesla crushes most of these on growth and profitability, and investors have been willing to pay a premium on the stock for years. Still, caution is warranted with an economic storm on the horizon. Companies with high valuations may fare worse than others.</p><p><b>Which has the stronger bull case?</b></p><p>Alphabet has a few advantages over Tesla in an inflationary environment and with an economic slowdown likely. Alphabet relies on business spending while Tesla relies on consumers. Business spending may prove more durable because advertisers must continue to invest to grab limited consumer dollars. Due to inflation, Tesla also has to contend with rising costs for raw materials. One of Tesla&#39;s draws is its profitability, and its margins could be crimped. A manufacturing company will be more affected by this than a tech company.</p><p>This all adds up to Alphabet stock being the better bet currently. That said, Tesla likely has a higher long-term ceiling but much more risk. Long-term investors could consider both stocks and weigh them according to their risk tolerance.</p></body></html>","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>Better Stock-Split Buy: Alphabet Or Tesla?</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\">\nBetter Stock-Split Buy: Alphabet Or Tesla?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-28 12:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/27/better-stock-split-buy-alphabet-or-tesla/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSStock splits are fun, but company performances will drive investor profits.The economy is top of mind as inflation is running at a 40-year high.Concerns and opportunities abound for these ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/27/better-stock-split-buy-alphabet-or-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2022/06/27/better-stock-split-buy-alphabet-or-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2246723138","content_text":"KEY POINTSStock splits are fun, but company performances will drive investor profits.The economy is top of mind as inflation is running at a 40-year high.Concerns and opportunities abound for these two industry leaders.Stock splits generate a ton of excitement among investors. A stock split does not directly affect the value of an investor's holdings but opens up other opportunities. There is often a lot of stock-price movement around the announcement and split dates. But what about afterward? Once the excitement dies down, the stock will start trading on economics again. With this in mind, which of these juggernauts is the better long-term play?Alphabet, the parent company of Google, and Tesla are on the clock, with Alphabet's 20-for-1 split coming up on July 1 and Tesla's date still to be determined. Tesla will hold its shareholder meeting on August 4th when it is expected a 3-for-1 split will be approved. The execution of the split will likely follow shortly after. Based on recent prices, Alphabet will trade in the range of $115 per share and Tesla around $240 per share post-split. This could change drastically in today's topsy turvy market, of course.What is the outlook for Alphabet?Alphabet had a tremendous 2021 by nearly any measure. As shown below, sales and cash from operations rose 41% to $257.6 billion and $91.7 billion, respectively. And the company's diluted earnings per share (EPS) reached $112.20 on over 90% growth.DATA SOURCE: ALPHABET. CHART BY AUTHOR.The company followed up this performance with a strong first-quarter 2022 in which sales, cash from operations, and EPS increased year over year. But what about the future? With a potential recession around the corner, investors are rightly concerned that ad budgets will be cut, which could hurt Alphabet's results.Alphabet has a few aces up its sleeve to weather an economic slowdown. First, Google Search currently holds a market share of over 85%,according to Statista. The Federal Trade Commission (FTC) believes it is a monopoly, but unless Congress passes comprehensive legislation, Alphabet will continue to dominate. This gives the company tremendous pricing power, which is critical to maintaining profitability.Alphabet also has two other fast-growing revenue streams in YouTube and the Google Cloud. YouTube revenues spiked 46% in 2021 partly due to people staying in more due to COVID-19. The growth slowed to 14% year over year in Q1 2022 as the pandemic waned, but the upward trend remains.Google Cloud may be the most important segment to watch moving forward. This segment competes with Amazon's Amazon Web Services (AWS) and Microsoft's Azure. Cloud computing is expected to continue its explosive growth in the foreseeable future. Sales for Google Cloud grew 47% in 2021 to $19.2 billion. The rub is that this segment isn't profitable, while AWS produces enormous operating profits for Amazon. If Alphabet can scale to profitability, it will be a giant boon for profits and shareholders.On the valuation front, Alphabet trades for its lowest price-to-earnings (P/E) ratio since the beginning of 2019, as shown below.GOOG PE RATIO DATA BY YCHARTS.Even if the company experiences short-term headwinds, this price looks enticing for long-term investors.What is the outlook for Tesla?Let's face it, whatever we think of Tesla's valuation (it's high!) or outspoken CEO Elon Musk (he's polarizing!), the company's rise has been absolutely phenomenal. And shareholders have been richly rewarded. An investment of $10,000 in Tesla stock 10 years ago would be worth over $1 million today, while the same investment five years ago would be worth more than $95,000.There are positive and negative factors on the horizon for Tesla. Gas prices are shocking Americans at the pump. This could lead many to consider an electric vehicle maybe for the first time. Tesla is experiencing massive demand already, with many cars sold out until 2023.The big question is whether this demand can continue in a potential recession.Consumer sentiment is generally a leading indicator of upcoming consumer spending. As shown below, sentiment is not only lower than in March 2020, but it is far lower than even during the Great Recession. This is disturbing for any company that relies upon consumer spending.US INDEX OF CONSUMER SENTIMENT DATA BY YCHARTS.Competition is heating up. For years, Tesla has enjoyed an incredible first-mover advantage. Tesla was laser-focused on electric vehicles while other automakers scuffled along. That's changing quickly as traditional automakers invest billions in electrifying large parts of their fleets in the coming years.The final concern is the valuation. Tesla has a larger market cap than the following seven largest automakers combined. Tesla crushes most of these on growth and profitability, and investors have been willing to pay a premium on the stock for years. Still, caution is warranted with an economic storm on the horizon. Companies with high valuations may fare worse than others.Which has the stronger bull case?Alphabet has a few advantages over Tesla in an inflationary environment and with an economic slowdown likely. Alphabet relies on business spending while Tesla relies on consumers. Business spending may prove more durable because advertisers must continue to invest to grab limited consumer dollars. Due to inflation, Tesla also has to contend with rising costs for raw materials. One of Tesla's draws is its profitability, and its margins could be crimped. A manufacturing company will be more affected by this than a tech company.This all adds up to Alphabet stock being the better bet currently. That said, Tesla likely has a higher long-term ceiling but much more risk. Long-term investors could consider both stocks and weigh them according to their risk tolerance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9049486022,"gmtCreate":1655826844566,"gmtModify":1676535712981,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"below $600","listText":"below $600","text":"below $600","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049486022","isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080979032,"gmtCreate":1649838590378,"gmtModify":1676534587259,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>sold 1 share for fun&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>sold 1 share for fun&nbsp;","text":"$Tesla Motors(TSLA)$sold 1 share for fun","images":[{"img":"https://community-static.tradeup.com/news/d7f9c2a98316f9d09a83a1c23e0120ad","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080979032","isVote":1,"tweetType":1,"viewCount":903,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578740811020073","authorId":"3578740811020073","name":"_J_R_","avatar":"https://static.tigerbbs.com/ea3e25891715133cf383f8a5bbd5435a","crmLevel":5,"crmLevelSwitch":1,"idStr":"3578740811020073","authorIdStr":"3578740811020073"},"content":"Cool... Do you believe it will drop further?","text":"Cool... Do you believe it will drop further?","html":"Cool... Do you believe it will drop further?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9092024583,"gmtCreate":1644496357971,"gmtModify":1676533933262,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"quickly sell guys so i can load up more","listText":"quickly sell guys so i can load up more","text":"quickly sell guys so i can load up more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092024583","repostId":"2210596520","repostType":2,"repost":{"id":"2210596520","kind":"news","pubTimestamp":1644496100,"share":"https://ttm.financial/m/news/2210596520?lang=&edition=fundamental","pubTime":"2022-02-10 20:28","market":"us","language":"en","title":"Tesla Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds","url":"https://stock-news.laohu8.com/highlight/detail?id=2210596520","media":"Reuters","summary":"(Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be ","content":"<html><head></head><body><p> (Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be unaware of an approaching vehicle if warning risk sounds are obscured, U.S. regulators said Thursday.</p><p>Under increasing scrutiny from the National Highway Traffic Safety Administration (NHTSA), Tesla has issued 10 U.S. recalls over the last four months.</p><p>The electric vehicle manufacturer is recalling some 2020-2022 Model S, Model X, Model Y, and 2017-2022 Model 3 vehicles because the &#34;Boombox function&#34; allows sounds to be played through an external speaker while the vehicle is in motion.</p><p>NHTSA said the vehicles fail to comply with a federal motor vehicle safety standard on minimum sound requirements for electric vehicles.</p></body></html>","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>Tesla Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds</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 Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-10 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19588901><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be unaware of an approaching vehicle if warning risk sounds are obscured, U.S. regulators said Thursday...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19588901\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4550":"红杉资本持仓","TSLA":"特斯拉","BK4099":"汽车制造商","BK4534":"瑞士信贷持仓","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4527":"明星科技股"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19588901","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210596520","content_text":"(Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be unaware of an approaching vehicle if warning risk sounds are obscured, U.S. regulators said Thursday.Under increasing scrutiny from the National Highway Traffic Safety Administration (NHTSA), Tesla has issued 10 U.S. recalls over the last four months.The electric vehicle manufacturer is recalling some 2020-2022 Model S, Model X, Model Y, and 2017-2022 Model 3 vehicles because the \"Boombox function\" allows sounds to be played through an external speaker while the vehicle is in motion.NHTSA said the vehicles fail to comply with a federal motor vehicle safety standard on minimum sound requirements for electric vehicles.","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801805195,"gmtCreate":1627495130117,"gmtModify":1703491129868,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"buy buy buy","listText":"buy buy buy","text":"buy buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801805195","repostId":"2155027927","repostType":2,"repost":{"id":"2155027927","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":1627519403,"share":"https://ttm.financial/m/news/2155027927?lang=&edition=fundamental","pubTime":"2021-07-29 08:43","market":"us","language":"en","title":"Small-time traders turn 'dip buyers' in China share selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=2155027927","media":"Reuters","summary":"July 28 (Reuters) - Small-time traders have been jumping in to buy stocks discarded by big investors","content":"<p>July 28 (Reuters) - Small-time traders have been jumping in to buy stocks discarded by big investors during the selloff triggered by <a href=\"https://laohu8.com/S/CAAS\">China</a>'s regulatory crackdown, research showed on Wednesday.</p>\n<p>Vanda, an independent research house, said its data showed subdued retail trader activity earlier in the week, but just as fears of contagion from China spilled over to Wall Street, \"the dip-buying army\" reappeared.</p>\n<p>Vanda's data is tracked globally but U.S.-based traders likely comprise the biggest chunk of it.</p>\n<p>Their buying may help to stabilise U.S.-listed Chinese shares after several days of selling driven by Beijing's move to tighten regulations on the technology and education sectors.</p>\n<p>The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Golden Dragon China benchmark of tech stocks rebounded 8% on Wednesday after four days of falls.</p>\n<p>Vanda said U.S.-listed shares of three Chinese companies -- electric vehicle makers Nio and Xpeng , and tech giant <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> -- were among the six biggest bought stocks by U.S. retail investors on Tuesday, attracting net inflows worth a combined $194 million.</p>\n<p>Those shares have fallen between 12% and 17% at their lowest point this week compared with Friday's close.</p>\n<p>Overall, stocks impacted by the regulatory crackdown had seen combined retail inflows of $239 million, roughly 14% of total retail purchases on the day, Vanda said.</p>\n<p>The data could signal that while professional investors had turned wary about China, retail traders had sensed an opportunity.</p>\n<p>Retail traders have shot to prominence this year after big bets on heavily shorted stocks such as video game retailer <a href=\"https://laohu8.com/S/GME\">GameStop</a> or cinema chain AMC , driving huge rallies in relatively obscure shares and heaped losses on several big-name hedge funds.</p>\n<p>But the buying of newly cheap Chinese shares implies a shift in the retail traders' behaviour, Vanda analysts Ben Onatibia and Giacomo Pierantoni noted.</p>\n<p>\"From driving triple-digit returns in high multiple stocks, they have turned into dip buyers in underperforming ones,\" they told clients.</p>\n<p>\"Financials, energy and reopening are a few of the sectors where they've cushioned institutional selling.\"</p>\n<p>Households are the biggest investors in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States and own 37% of the equity market, according to data published by Barclays. Research has also shown that U.S. stimulus checks to households have found their way into the equity market.</p>\n<p>Reddit, popular with day traders for stock tips, contained discussions on the Chinese share slump, with comments from a few interested buyers.</p>\n<p>But mainstream investors are likely to remain cautious in the face of greater regulatory uncertainty.</p>\n<p>\"The de-rating of tech stocks is here to stay for some time. I don't expect multiples to go up anytime soon,\" said Gael Combes, head of fundamental research equities at Unigestion.</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>Small-time traders turn 'dip buyers' in China share selloff</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\">\nSmall-time traders turn 'dip buyers' in China share selloff\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\">2021-07-29 08:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 28 (Reuters) - Small-time traders have been jumping in to buy stocks discarded by big investors during the selloff triggered by <a href=\"https://laohu8.com/S/CAAS\">China</a>'s regulatory crackdown, research showed on Wednesday.</p>\n<p>Vanda, an independent research house, said its data showed subdued retail trader activity earlier in the week, but just as fears of contagion from China spilled over to Wall Street, \"the dip-buying army\" reappeared.</p>\n<p>Vanda's data is tracked globally but U.S.-based traders likely comprise the biggest chunk of it.</p>\n<p>Their buying may help to stabilise U.S.-listed Chinese shares after several days of selling driven by Beijing's move to tighten regulations on the technology and education sectors.</p>\n<p>The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Golden Dragon China benchmark of tech stocks rebounded 8% on Wednesday after four days of falls.</p>\n<p>Vanda said U.S.-listed shares of three Chinese companies -- electric vehicle makers Nio and Xpeng , and tech giant <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> -- were among the six biggest bought stocks by U.S. retail investors on Tuesday, attracting net inflows worth a combined $194 million.</p>\n<p>Those shares have fallen between 12% and 17% at their lowest point this week compared with Friday's close.</p>\n<p>Overall, stocks impacted by the regulatory crackdown had seen combined retail inflows of $239 million, roughly 14% of total retail purchases on the day, Vanda said.</p>\n<p>The data could signal that while professional investors had turned wary about China, retail traders had sensed an opportunity.</p>\n<p>Retail traders have shot to prominence this year after big bets on heavily shorted stocks such as video game retailer <a href=\"https://laohu8.com/S/GME\">GameStop</a> or cinema chain AMC , driving huge rallies in relatively obscure shares and heaped losses on several big-name hedge funds.</p>\n<p>But the buying of newly cheap Chinese shares implies a shift in the retail traders' behaviour, Vanda analysts Ben Onatibia and Giacomo Pierantoni noted.</p>\n<p>\"From driving triple-digit returns in high multiple stocks, they have turned into dip buyers in underperforming ones,\" they told clients.</p>\n<p>\"Financials, energy and reopening are a few of the sectors where they've cushioned institutional selling.\"</p>\n<p>Households are the biggest investors in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States and own 37% of the equity market, according to data published by Barclays. Research has also shown that U.S. stimulus checks to households have found their way into the equity market.</p>\n<p>Reddit, popular with day traders for stock tips, contained discussions on the Chinese share slump, with comments from a few interested buyers.</p>\n<p>But mainstream investors are likely to remain cautious in the face of greater regulatory uncertainty.</p>\n<p>\"The de-rating of tech stocks is here to stay for some time. I don't expect multiples to go up anytime soon,\" said Gael Combes, head of fundamental research equities at Unigestion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","NIO":"蔚来","BABA":"阿里巴巴","GME":"游戏驿站","AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155027927","content_text":"July 28 (Reuters) - Small-time traders have been jumping in to buy stocks discarded by big investors during the selloff triggered by China's regulatory crackdown, research showed on Wednesday.\nVanda, an independent research house, said its data showed subdued retail trader activity earlier in the week, but just as fears of contagion from China spilled over to Wall Street, \"the dip-buying army\" reappeared.\nVanda's data is tracked globally but U.S.-based traders likely comprise the biggest chunk of it.\nTheir buying may help to stabilise U.S.-listed Chinese shares after several days of selling driven by Beijing's move to tighten regulations on the technology and education sectors.\nThe Nasdaq Golden Dragon China benchmark of tech stocks rebounded 8% on Wednesday after four days of falls.\nVanda said U.S.-listed shares of three Chinese companies -- electric vehicle makers Nio and Xpeng , and tech giant Alibaba -- were among the six biggest bought stocks by U.S. retail investors on Tuesday, attracting net inflows worth a combined $194 million.\nThose shares have fallen between 12% and 17% at their lowest point this week compared with Friday's close.\nOverall, stocks impacted by the regulatory crackdown had seen combined retail inflows of $239 million, roughly 14% of total retail purchases on the day, Vanda said.\nThe data could signal that while professional investors had turned wary about China, retail traders had sensed an opportunity.\nRetail traders have shot to prominence this year after big bets on heavily shorted stocks such as video game retailer GameStop or cinema chain AMC , driving huge rallies in relatively obscure shares and heaped losses on several big-name hedge funds.\nBut the buying of newly cheap Chinese shares implies a shift in the retail traders' behaviour, Vanda analysts Ben Onatibia and Giacomo Pierantoni noted.\n\"From driving triple-digit returns in high multiple stocks, they have turned into dip buyers in underperforming ones,\" they told clients.\n\"Financials, energy and reopening are a few of the sectors where they've cushioned institutional selling.\"\nHouseholds are the biggest investors in the United States and own 37% of the equity market, according to data published by Barclays. Research has also shown that U.S. stimulus checks to households have found their way into the equity market.\nReddit, popular with day traders for stock tips, contained discussions on the Chinese share slump, with comments from a few interested buyers.\nBut mainstream investors are likely to remain cautious in the face of greater regulatory uncertainty.\n\"The de-rating of tech stocks is here to stay for some time. I don't expect multiples to go up anytime soon,\" said Gael Combes, head of fundamental research equities at Unigestion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9080979032,"gmtCreate":1649838590378,"gmtModify":1676534587259,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>sold 1 share for fun&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>sold 1 share for fun&nbsp;","text":"$Tesla Motors(TSLA)$sold 1 share for fun","images":[{"img":"https://community-static.tradeup.com/news/d7f9c2a98316f9d09a83a1c23e0120ad","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080979032","isVote":1,"tweetType":1,"viewCount":903,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578740811020073","authorId":"3578740811020073","name":"_J_R_","avatar":"https://static.tigerbbs.com/ea3e25891715133cf383f8a5bbd5435a","crmLevel":5,"crmLevelSwitch":1,"idStr":"3578740811020073","authorIdStr":"3578740811020073"},"content":"Cool... Do you believe it will drop further?","text":"Cool... Do you believe it will drop further?","html":"Cool... Do you believe it will drop further?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9042002299,"gmtCreate":1656395957311,"gmtModify":1676535821237,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042002299","repostId":"2246723138","repostType":2,"repost":{"id":"2246723138","kind":"highlight","pubTimestamp":1656389023,"share":"https://ttm.financial/m/news/2246723138?lang=&edition=fundamental","pubTime":"2022-06-28 12:03","market":"us","language":"en","title":"Better Stock-Split Buy: Alphabet Or Tesla?","url":"https://stock-news.laohu8.com/highlight/detail?id=2246723138","media":"Motley Fool","summary":"These titans will be splitting their stocks shortly. But which one will outperform in the long run?","content":"<html><head></head><body><p><b>KEY POINTS</b></p><ul><li>Stock splits are fun, but company performances will drive investor profits.</li><li>The economy is top of mind as inflation is running at a 40-year high.</li><li>Concerns and opportunities abound for these two industry leaders.</li></ul><p>Stock splits generate a ton of excitement among investors. A stock split does not directly affect the value of an investor&#39;s holdings but opens up other opportunities. There is often a lot of stock-price movement around the announcement and split dates. But what about afterward? Once the excitement dies down, the stock will start trading on economics again. With this in mind, which of these juggernauts is the better long-term play?</p><p><b>Alphabet</b>, the parent company of Google, and <b>Tesla</b> are on the clock, with Alphabet&#39;s 20-for-1 split coming up on July 1 and Tesla&#39;s date still to be determined. Tesla will hold its shareholder meeting on August 4th when it is expected a 3-for-1 split will be approved. The execution of the split will likely follow shortly after. Based on recent prices, Alphabet will trade in the range of $115 per share and Tesla around $240 per share post-split. This could change drastically in today&#39;s topsy turvy market, of course.</p><p><b>What is the outlook for Alphabet?</b></p><p>Alphabet had a tremendous 2021 by nearly any measure. As shown below, sales and cash from operations rose 41% to $257.6 billion and $91.7 billion, respectively. And the company&#39;s diluted earnings per share (EPS) reached $112.20 on over 90% growth.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6aa04d417c4ecae043384597580febe\" tg-width=\"2000\" tg-height=\"453\" referrerpolicy=\"no-referrer\"/><span>DATA SOURCE: ALPHABET. CHART BY AUTHOR.</span></p><p>The company followed up this performance with a strong first-quarter 2022 in which sales, cash from operations, and EPS increased year over year. But what about the future? With a potential recession around the corner, investors are rightly concerned that ad budgets will be cut, which could hurt Alphabet&#39;s results.</p><p>Alphabet has a few aces up its sleeve to weather an economic slowdown. First, Google Search currently holds a market share of over 85%,according to Statista. The Federal Trade Commission (FTC) believes it is a monopoly, but unless Congress passes comprehensive legislation, Alphabet will continue to dominate. This gives the company tremendous pricing power, which is critical to maintaining profitability.</p><p>Alphabet also has two other fast-growing revenue streams in YouTube and the Google Cloud. YouTube revenues spiked 46% in 2021 partly due to people staying in more due to COVID-19. The growth slowed to 14% year over year in Q1 2022 as the pandemic waned, but the upward trend remains.</p><p>Google Cloud may be the most important segment to watch moving forward. This segment competes with <b>Amazon</b>&#39;s Amazon Web Services (AWS) and <b>Microsoft</b>&#39;s Azure. Cloud computing is expected to continue its explosive growth in the foreseeable future. Sales for Google Cloud grew 47% in 2021 to $19.2 billion. The rub is that this segment isn&#39;t profitable, while AWS produces enormous operating profits for Amazon. If Alphabet can scale to profitability, it will be a giant boon for profits and shareholders.</p><p>On the valuation front, Alphabet trades for its lowest price-to-earnings (P/E) ratio since the beginning of 2019, as shown below.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/832b194f1b0667c75fe5e1101259d5fc\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>GOOG PE RATIO DATA BY YCHARTS.</span></p><p>Even if the company experiences short-term headwinds, this price looks enticing for long-term investors.</p><p><b>What is the outlook for Tesla?</b></p><p>Let&#39;s face it, whatever we think of Tesla&#39;s valuation (it&#39;s high!) or outspoken CEO Elon Musk (he&#39;s polarizing!), the company&#39;s rise has been absolutely phenomenal. And shareholders have been richly rewarded. An investment of $10,000 in Tesla stock 10 years ago would be worth over $1 million today, while the same investment five years ago would be worth more than $95,000.</p><p>There are positive and negative factors on the horizon for Tesla. Gas prices are shocking Americans at the pump. This could lead many to consider an electric vehicle maybe for the first time. Tesla is experiencing massive demand already, with many cars sold out until 2023.</p><p>The big question is whether this demand can continue in a potential recession.</p><p>Consumer sentiment is generally a leading indicator of upcoming consumer spending. As shown below, sentiment is not only lower than in March 2020, but it is far lower than even during the Great Recession. This is disturbing for any company that relies upon consumer spending.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41bff0dde3b248b2b94f3636bc6eb00b\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>US INDEX OF CONSUMER SENTIMENT DATA BY YCHARTS.</span></p><p>Competition is heating up. For years, Tesla has enjoyed an incredible first-mover advantage. Tesla was laser-focused on electric vehicles while other automakers scuffled along. That&#39;s changing quickly as traditional automakers invest billions in electrifying large parts of their fleets in the coming years.</p><p>The final concern is the valuation. Tesla has a larger market cap than the following seven largest automakers combined. Tesla crushes most of these on growth and profitability, and investors have been willing to pay a premium on the stock for years. Still, caution is warranted with an economic storm on the horizon. Companies with high valuations may fare worse than others.</p><p><b>Which has the stronger bull case?</b></p><p>Alphabet has a few advantages over Tesla in an inflationary environment and with an economic slowdown likely. Alphabet relies on business spending while Tesla relies on consumers. Business spending may prove more durable because advertisers must continue to invest to grab limited consumer dollars. Due to inflation, Tesla also has to contend with rising costs for raw materials. One of Tesla&#39;s draws is its profitability, and its margins could be crimped. A manufacturing company will be more affected by this than a tech company.</p><p>This all adds up to Alphabet stock being the better bet currently. That said, Tesla likely has a higher long-term ceiling but much more risk. Long-term investors could consider both stocks and weigh them according to their risk tolerance.</p></body></html>","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>Better Stock-Split Buy: Alphabet Or Tesla?</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\">\nBetter Stock-Split Buy: Alphabet Or Tesla?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-28 12:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/27/better-stock-split-buy-alphabet-or-tesla/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSStock splits are fun, but company performances will drive investor profits.The economy is top of mind as inflation is running at a 40-year high.Concerns and opportunities abound for these ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/27/better-stock-split-buy-alphabet-or-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2022/06/27/better-stock-split-buy-alphabet-or-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2246723138","content_text":"KEY POINTSStock splits are fun, but company performances will drive investor profits.The economy is top of mind as inflation is running at a 40-year high.Concerns and opportunities abound for these two industry leaders.Stock splits generate a ton of excitement among investors. A stock split does not directly affect the value of an investor's holdings but opens up other opportunities. There is often a lot of stock-price movement around the announcement and split dates. But what about afterward? Once the excitement dies down, the stock will start trading on economics again. With this in mind, which of these juggernauts is the better long-term play?Alphabet, the parent company of Google, and Tesla are on the clock, with Alphabet's 20-for-1 split coming up on July 1 and Tesla's date still to be determined. Tesla will hold its shareholder meeting on August 4th when it is expected a 3-for-1 split will be approved. The execution of the split will likely follow shortly after. Based on recent prices, Alphabet will trade in the range of $115 per share and Tesla around $240 per share post-split. This could change drastically in today's topsy turvy market, of course.What is the outlook for Alphabet?Alphabet had a tremendous 2021 by nearly any measure. As shown below, sales and cash from operations rose 41% to $257.6 billion and $91.7 billion, respectively. And the company's diluted earnings per share (EPS) reached $112.20 on over 90% growth.DATA SOURCE: ALPHABET. CHART BY AUTHOR.The company followed up this performance with a strong first-quarter 2022 in which sales, cash from operations, and EPS increased year over year. But what about the future? With a potential recession around the corner, investors are rightly concerned that ad budgets will be cut, which could hurt Alphabet's results.Alphabet has a few aces up its sleeve to weather an economic slowdown. First, Google Search currently holds a market share of over 85%,according to Statista. The Federal Trade Commission (FTC) believes it is a monopoly, but unless Congress passes comprehensive legislation, Alphabet will continue to dominate. This gives the company tremendous pricing power, which is critical to maintaining profitability.Alphabet also has two other fast-growing revenue streams in YouTube and the Google Cloud. YouTube revenues spiked 46% in 2021 partly due to people staying in more due to COVID-19. The growth slowed to 14% year over year in Q1 2022 as the pandemic waned, but the upward trend remains.Google Cloud may be the most important segment to watch moving forward. This segment competes with Amazon's Amazon Web Services (AWS) and Microsoft's Azure. Cloud computing is expected to continue its explosive growth in the foreseeable future. Sales for Google Cloud grew 47% in 2021 to $19.2 billion. The rub is that this segment isn't profitable, while AWS produces enormous operating profits for Amazon. If Alphabet can scale to profitability, it will be a giant boon for profits and shareholders.On the valuation front, Alphabet trades for its lowest price-to-earnings (P/E) ratio since the beginning of 2019, as shown below.GOOG PE RATIO DATA BY YCHARTS.Even if the company experiences short-term headwinds, this price looks enticing for long-term investors.What is the outlook for Tesla?Let's face it, whatever we think of Tesla's valuation (it's high!) or outspoken CEO Elon Musk (he's polarizing!), the company's rise has been absolutely phenomenal. And shareholders have been richly rewarded. An investment of $10,000 in Tesla stock 10 years ago would be worth over $1 million today, while the same investment five years ago would be worth more than $95,000.There are positive and negative factors on the horizon for Tesla. Gas prices are shocking Americans at the pump. This could lead many to consider an electric vehicle maybe for the first time. Tesla is experiencing massive demand already, with many cars sold out until 2023.The big question is whether this demand can continue in a potential recession.Consumer sentiment is generally a leading indicator of upcoming consumer spending. As shown below, sentiment is not only lower than in March 2020, but it is far lower than even during the Great Recession. This is disturbing for any company that relies upon consumer spending.US INDEX OF CONSUMER SENTIMENT DATA BY YCHARTS.Competition is heating up. For years, Tesla has enjoyed an incredible first-mover advantage. Tesla was laser-focused on electric vehicles while other automakers scuffled along. That's changing quickly as traditional automakers invest billions in electrifying large parts of their fleets in the coming years.The final concern is the valuation. Tesla has a larger market cap than the following seven largest automakers combined. Tesla crushes most of these on growth and profitability, and investors have been willing to pay a premium on the stock for years. Still, caution is warranted with an economic storm on the horizon. Companies with high valuations may fare worse than others.Which has the stronger bull case?Alphabet has a few advantages over Tesla in an inflationary environment and with an economic slowdown likely. Alphabet relies on business spending while Tesla relies on consumers. Business spending may prove more durable because advertisers must continue to invest to grab limited consumer dollars. Due to inflation, Tesla also has to contend with rising costs for raw materials. One of Tesla's draws is its profitability, and its margins could be crimped. A manufacturing company will be more affected by this than a tech company.This all adds up to Alphabet stock being the better bet currently. That said, Tesla likely has a higher long-term ceiling but much more risk. Long-term investors could consider both stocks and weigh them according to their risk tolerance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092024583,"gmtCreate":1644496357971,"gmtModify":1676533933262,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"quickly sell guys so i can load up more","listText":"quickly sell guys so i can load up more","text":"quickly sell guys so i can load up more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092024583","repostId":"2210596520","repostType":2,"repost":{"id":"2210596520","kind":"news","pubTimestamp":1644496100,"share":"https://ttm.financial/m/news/2210596520?lang=&edition=fundamental","pubTime":"2022-02-10 20:28","market":"us","language":"en","title":"Tesla Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds","url":"https://stock-news.laohu8.com/highlight/detail?id=2210596520","media":"Reuters","summary":"(Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be ","content":"<html><head></head><body><p> (Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be unaware of an approaching vehicle if warning risk sounds are obscured, U.S. regulators said Thursday.</p><p>Under increasing scrutiny from the National Highway Traffic Safety Administration (NHTSA), Tesla has issued 10 U.S. recalls over the last four months.</p><p>The electric vehicle manufacturer is recalling some 2020-2022 Model S, Model X, Model Y, and 2017-2022 Model 3 vehicles because the &#34;Boombox function&#34; allows sounds to be played through an external speaker while the vehicle is in motion.</p><p>NHTSA said the vehicles fail to comply with a federal motor vehicle safety standard on minimum sound requirements for electric vehicles.</p></body></html>","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>Tesla Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds</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 Recalls Nearly 579,000 U.S. Vehicles over Pedestrian Warning Risk Sounds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-10 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19588901><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be unaware of an approaching vehicle if warning risk sounds are obscured, U.S. regulators said Thursday...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19588901\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4550":"红杉资本持仓","TSLA":"特斯拉","BK4099":"汽车制造商","BK4534":"瑞士信贷持仓","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4527":"明星科技股"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19588901","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210596520","content_text":"(Reuters) - Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may be unaware of an approaching vehicle if warning risk sounds are obscured, U.S. regulators said Thursday.Under increasing scrutiny from the National Highway Traffic Safety Administration (NHTSA), Tesla has issued 10 U.S. recalls over the last four months.The electric vehicle manufacturer is recalling some 2020-2022 Model S, Model X, Model Y, and 2017-2022 Model 3 vehicles because the \"Boombox function\" allows sounds to be played through an external speaker while the vehicle is in motion.NHTSA said the vehicles fail to comply with a federal motor vehicle safety standard on minimum sound requirements for electric vehicles.","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9070956919,"gmtCreate":1656999997431,"gmtModify":1676535930232,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"TO THE MOON!","listText":"TO THE MOON!","text":"TO THE MOON!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070956919","repostId":"2248731460","repostType":2,"repost":{"id":"2248731460","kind":"highlight","pubTimestamp":1656986181,"share":"https://ttm.financial/m/news/2248731460?lang=&edition=fundamental","pubTime":"2022-07-05 09:56","market":"us","language":"en","title":"Tesla: 10-K Footnotes And Bears' Arguments","url":"https://stock-news.laohu8.com/highlight/detail?id=2248731460","media":"Seekingalpha","summary":"ThesisI have been a long-term bull on Tesla (NASDAQ:TSLA) as you can see from my previous writings. ","content":"<html><head></head><body><h2>Thesis</h2><p>I have been a long-term bull on Tesla (NASDAQ:TSLA) as you can see from my previous writings. I have published a series of articles arguing for its nonlinear growth potential. In this article, I will switch perspective and address the bears’ counterargument. The point is not to prove them to be wrong. Quite the opposite, their concerns are 100% valid to me. I am analyzing these concerns not to dismiss their concerns, but to provide a full view, so we can all make an informed decision.</p><p>An open mind that can work with conflicting views is the starting point for investing, especially for nonlinear stocks like TSLA. And this has been a cornerstone of my own investing philosophy. And it is also a philosophy that my writing and market service always promote. We always value disconfirming information more than confirming information.</p><p>Charlie Munger was once asked for tips for investors who have to work with two opposing views. And his response quoted below, as usual, is so quotable:</p><blockquote>Charlie Munger: Well, I do have a tip. At times in my life, I have put myself to a standard that I think has helped me: I think I’m not really equipped to comment on this subject until I can state the arguments against my conclusion better than the people on the other side. If you do that all the time; if you’re looking for disconfirming evidence and putting yourself on a grill, that’s a good way to help remove ignorance.</blockquote><p>Following this wisdom, let’s play the game of arguing against ourselves. Many of you probably are familiar with the common bears’ view already such as high valuation, competition, carbon credit, et al. So, this article will limit the scope to two concerns (scale of government subsidies and tax incentives) not often discussed, concerns that have to be gleaned mostly from the footnotes or independent disclosures.</p><h2>Government Subsidies</h2><p>First, TSLA’s current financials are dressed up by a multitude of government aids, both from local state, federal, and also overseas. Musk is very vocal against government aid and if you follow his Twitter, you may form the wrong view that TSLA does not benefit from such aid.</p><p>On the contrary, TSLA benefits extensively from these aids. And given how fickly government policies can change, such aids form a considerable uncertainty for TSLA’s long-term prospects. Take U.S. aid as an example. These aids include federal loans, tax breaks, loan guarantees, bailout assistance, State/Local loans, bond financing, and venture capital. You can see a detailed list of these aids at this link. As of this writing, TSLA receives a total of 110 subsidies with a total face value of more than $2.5B. To put things into perspective, TSLA&#39;s 2021 total net income was only $5.6B.</p><p>These subsidies are not limited to the US alone. They come from overseas markets like Europe and China too, adding a further layer of uncertainties, as elaborated below.</p><p><img src=\"https://static.tigerbbs.com/b26cf6f11d634d38ca8769c4c4ded14b\" tg-width=\"640\" tg-height=\"226\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Subsidytracker.goodjobsfirst.org</p><h2>Tax Incentives</h2><p>The following chart shows TSLA’s most recent income statement. The taxes are highlighted. And as you can see, it earned $3.6B of pretax income in the quarter ended on March 31, 2022, and reported a provision for income tax of $346M. So this leads to an effective rate of less than 10% (9.6% to be precise). The picture of last year was very similar: $69M of tax provision on a $533M pretax earnings.</p><p>The reasons for such low tax rates, as indicated in its Form 10-K, are several temporary tax incentives. For example, China has approved a tax reduction for TSLA from the normal rate of 25% to 15%. The reason for singling out China here is twofold.</p><p>First, China has become an important market for TSLA. As of 2021, its China sales are nearly half of its U.S. sales, and the China sales contribute about half of its total pretax income. Second, the tax break is scheduled to expire in 2023. Given the large size of its China sales, if the tax rates do invert to 25% by 2023, the additional taxes in China alone will create a non-negligible impact on its earnings.</p><p>To further compound the uncertainty, TSLA cars are also exempted from the 10% purchase tax in China (as detailed in the following Reuters report). This exemption is also scheduled to expire in 2023 and whether it can be extended or not is uncertain.</p><blockquote>BEIJING (Reuters) - China will exempt Tesla Inc&#39;s TSLA.O electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday. Tesla sees China as one of its most important, growing markets, and the exemption from a 10% purchase tax could reduce the cost of buying a Tesla by up to 99,000 yuan ($13,957.82), according to a post on Tesla’s social media WeChat account.</blockquote><p><img src=\"https://static.tigerbbs.com/369829514fefa1533595fc2ed905bd7e\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Tesla form 10-Q</p><h2>Final Thoughts</h2><p>To summarize, the common bearish concerns such as high valuation, competition, carbon credit, et al., are 100% valid. Moreover, TSLA also faces other uncertainties such as extensive government subsidies and tax incentives from the local government, federal government, and overseas markets. These factors help to dress up TSLA’s financials to a substantial extent, but are not sustainable in the long term. Again, the goal here is not to dismiss the bears’ concerns, but to provide a full view, so we can all make a better investment decision.</p><p>Finally, let me conclude with a brief of my bullish thesis to caution bears with some upside risks too. As a nonlinear growth stock, TSLA enjoys higher-order benefits as it scales up its production and delivery, as argued in my earlier article. For such nonlinear stock, market psychology plays a large role, and it is usually a bad idea to short just based on valuation considerations. The price and value of such companies are often disconnected - and for extended periods of time. And Musk seems to be a master to work with this disconnection, as you can see from the chart below. The company has issued a total of $23.8B of new stocks between 2015 and 2021 cumulatively, while the debt was reduced to a mere $5.4B.</p><p><img src=\"https://static.tigerbbs.com/c6638b59bef4e20f516c5922083e8f14\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author based on Seeking Alpha data</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: 10-K Footnotes And Bears' Arguments</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: 10-K Footnotes And Bears' Arguments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-05 09:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4521621-tesla-10-k-footnotes-and-bears-arguments><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ThesisI have been a long-term bull on Tesla (NASDAQ:TSLA) as you can see from my previous writings. I have published a series of articles arguing for its nonlinear growth potential. In this article, I...</p>\n\n<a href=\"https://seekingalpha.com/article/4521621-tesla-10-k-footnotes-and-bears-arguments\">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://seekingalpha.com/article/4521621-tesla-10-k-footnotes-and-bears-arguments","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248731460","content_text":"ThesisI have been a long-term bull on Tesla (NASDAQ:TSLA) as you can see from my previous writings. I have published a series of articles arguing for its nonlinear growth potential. In this article, I will switch perspective and address the bears’ counterargument. The point is not to prove them to be wrong. Quite the opposite, their concerns are 100% valid to me. I am analyzing these concerns not to dismiss their concerns, but to provide a full view, so we can all make an informed decision.An open mind that can work with conflicting views is the starting point for investing, especially for nonlinear stocks like TSLA. And this has been a cornerstone of my own investing philosophy. And it is also a philosophy that my writing and market service always promote. We always value disconfirming information more than confirming information.Charlie Munger was once asked for tips for investors who have to work with two opposing views. And his response quoted below, as usual, is so quotable:Charlie Munger: Well, I do have a tip. At times in my life, I have put myself to a standard that I think has helped me: I think I’m not really equipped to comment on this subject until I can state the arguments against my conclusion better than the people on the other side. If you do that all the time; if you’re looking for disconfirming evidence and putting yourself on a grill, that’s a good way to help remove ignorance.Following this wisdom, let’s play the game of arguing against ourselves. Many of you probably are familiar with the common bears’ view already such as high valuation, competition, carbon credit, et al. So, this article will limit the scope to two concerns (scale of government subsidies and tax incentives) not often discussed, concerns that have to be gleaned mostly from the footnotes or independent disclosures.Government SubsidiesFirst, TSLA’s current financials are dressed up by a multitude of government aids, both from local state, federal, and also overseas. Musk is very vocal against government aid and if you follow his Twitter, you may form the wrong view that TSLA does not benefit from such aid.On the contrary, TSLA benefits extensively from these aids. And given how fickly government policies can change, such aids form a considerable uncertainty for TSLA’s long-term prospects. Take U.S. aid as an example. These aids include federal loans, tax breaks, loan guarantees, bailout assistance, State/Local loans, bond financing, and venture capital. You can see a detailed list of these aids at this link. As of this writing, TSLA receives a total of 110 subsidies with a total face value of more than $2.5B. To put things into perspective, TSLA's 2021 total net income was only $5.6B.These subsidies are not limited to the US alone. They come from overseas markets like Europe and China too, adding a further layer of uncertainties, as elaborated below.Source: Subsidytracker.goodjobsfirst.orgTax IncentivesThe following chart shows TSLA’s most recent income statement. The taxes are highlighted. And as you can see, it earned $3.6B of pretax income in the quarter ended on March 31, 2022, and reported a provision for income tax of $346M. So this leads to an effective rate of less than 10% (9.6% to be precise). The picture of last year was very similar: $69M of tax provision on a $533M pretax earnings.The reasons for such low tax rates, as indicated in its Form 10-K, are several temporary tax incentives. For example, China has approved a tax reduction for TSLA from the normal rate of 25% to 15%. The reason for singling out China here is twofold.First, China has become an important market for TSLA. As of 2021, its China sales are nearly half of its U.S. sales, and the China sales contribute about half of its total pretax income. Second, the tax break is scheduled to expire in 2023. Given the large size of its China sales, if the tax rates do invert to 25% by 2023, the additional taxes in China alone will create a non-negligible impact on its earnings.To further compound the uncertainty, TSLA cars are also exempted from the 10% purchase tax in China (as detailed in the following Reuters report). This exemption is also scheduled to expire in 2023 and whether it can be extended or not is uncertain.BEIJING (Reuters) - China will exempt Tesla Inc's TSLA.O electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday. Tesla sees China as one of its most important, growing markets, and the exemption from a 10% purchase tax could reduce the cost of buying a Tesla by up to 99,000 yuan ($13,957.82), according to a post on Tesla’s social media WeChat account.Tesla form 10-QFinal ThoughtsTo summarize, the common bearish concerns such as high valuation, competition, carbon credit, et al., are 100% valid. Moreover, TSLA also faces other uncertainties such as extensive government subsidies and tax incentives from the local government, federal government, and overseas markets. These factors help to dress up TSLA’s financials to a substantial extent, but are not sustainable in the long term. Again, the goal here is not to dismiss the bears’ concerns, but to provide a full view, so we can all make a better investment decision.Finally, let me conclude with a brief of my bullish thesis to caution bears with some upside risks too. As a nonlinear growth stock, TSLA enjoys higher-order benefits as it scales up its production and delivery, as argued in my earlier article. For such nonlinear stock, market psychology plays a large role, and it is usually a bad idea to short just based on valuation considerations. The price and value of such companies are often disconnected - and for extended periods of time. And Musk seems to be a master to work with this disconnection, as you can see from the chart below. The company has issued a total of $23.8B of new stocks between 2015 and 2021 cumulatively, while the debt was reduced to a mere $5.4B.Author based on Seeking Alpha data","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238893920677952,"gmtCreate":1699352889379,"gmtModify":1699352892563,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238893920677952","repostId":"234641357262864","repostType":1,"repost":{"id":234641357262864,"gmtCreate":1698311576543,"gmtModify":1698655637693,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"Join Tiger's Halloween Fun! Win Big!","htmlText":"Hey there, spooky squad! 🎃Halloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap – the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","listText":"Hey there, spooky squad! 🎃Halloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap – the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","text":"Hey there, spooky squad! 🎃Halloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap – the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","images":[{"img":"https://community-static.tradeup.com/news/ad478b709732d53302c395a52fa1c8e1","width":"1200","height":"630"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234641357262864","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184744611303488,"gmtCreate":1686128206915,"gmtModify":1686128211616,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184744611303488","repostId":"9970552986","repostType":1,"repost":{"id":9970552986,"gmtCreate":1684749089245,"gmtModify":1686052573124,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"Light up your investing with Tiger, play and win prizes worth up to USD 999","htmlText":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! Along your journey, uncover hidden rewards and unlock exclusive bonuses that will supercharge your investing game!Not only will you gain valuable knowledge and insights, but you'll also compete with fellow investors for the top spot on our leaderboard!Invite your friends and embark on this epic investing adventure together! Let's light up the world of investing with Tiger!Don't miss out on this limited-time opportunity!Campaign period: 6th June to 27th June. *T&amp;Cs apply.👉 <a href=\"https://tigr.link/lightupsg\" target=\"_blank\">Click here to start play</a>","listText":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! Along your journey, uncover hidden rewards and unlock exclusive bonuses that will supercharge your investing game!Not only will you gain valuable knowledge and insights, but you'll also compete with fellow investors for the top spot on our leaderboard!Invite your friends and embark on this epic investing adventure together! Let's light up the world of investing with Tiger!Don't miss out on this limited-time opportunity!Campaign period: 6th June to 27th June. *T&amp;Cs apply.👉 <a href=\"https://tigr.link/lightupsg\" target=\"_blank\">Click here to start play</a>","text":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! Along your journey, uncover hidden rewards and unlock exclusive bonuses that will supercharge your investing game!Not only will you gain valuable knowledge and insights, but you'll also compete with fellow investors for the top spot on our leaderboard!Invite your friends and embark on this epic investing adventure together! Let's light up the world of investing with Tiger!Don't miss out on this limited-time opportunity!Campaign period: 6th June to 27th June. *T&Cs apply.👉 Click here to start play","images":[{"img":"https://community-static.tradeup.com/news/0b6e3d13593eac0f4cc3fdb8b6bf8056","width":"1200","height":"675"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970552986","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948932165,"gmtCreate":1680616027857,"gmtModify":1680616031467,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"lfg","listText":"lfg","text":"lfg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948932165","repostId":"9943960936","repostType":1,"repost":{"id":9943960936,"gmtCreate":1679046534725,"gmtModify":1680580626622,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher","htmlText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","listText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","text":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣Join our Easter campaign now","images":[{"img":"https://community-static.tradeup.com/news/c90a7371a3bcd1e6c552d2aa23f72c33","width":"1200","height":"630"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943960936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9049486022,"gmtCreate":1655826844566,"gmtModify":1676535712981,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"below $600","listText":"below $600","text":"below $600","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049486022","isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801805195,"gmtCreate":1627495130117,"gmtModify":1703491129868,"author":{"id":"3574813159393851","authorId":"3574813159393851","name":"saintelon","avatar":"https://static.tigerbbs.com/d30844b9eee5ff08e10c0a681acf32c8","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574813159393851","authorIdStr":"3574813159393851"},"themes":[],"htmlText":"buy buy buy","listText":"buy buy buy","text":"buy buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801805195","repostId":"2155027927","repostType":2,"repost":{"id":"2155027927","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":1627519403,"share":"https://ttm.financial/m/news/2155027927?lang=&edition=fundamental","pubTime":"2021-07-29 08:43","market":"us","language":"en","title":"Small-time traders turn 'dip buyers' in China share selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=2155027927","media":"Reuters","summary":"July 28 (Reuters) - Small-time traders have been jumping in to buy stocks discarded by big investors","content":"<p>July 28 (Reuters) - Small-time traders have been jumping in to buy stocks discarded by big investors during the selloff triggered by <a href=\"https://laohu8.com/S/CAAS\">China</a>'s regulatory crackdown, research showed on Wednesday.</p>\n<p>Vanda, an independent research house, said its data showed subdued retail trader activity earlier in the week, but just as fears of contagion from China spilled over to Wall Street, \"the dip-buying army\" reappeared.</p>\n<p>Vanda's data is tracked globally but U.S.-based traders likely comprise the biggest chunk of it.</p>\n<p>Their buying may help to stabilise U.S.-listed Chinese shares after several days of selling driven by Beijing's move to tighten regulations on the technology and education sectors.</p>\n<p>The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Golden Dragon China benchmark of tech stocks rebounded 8% on Wednesday after four days of falls.</p>\n<p>Vanda said U.S.-listed shares of three Chinese companies -- electric vehicle makers Nio and Xpeng , and tech giant <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> -- were among the six biggest bought stocks by U.S. retail investors on Tuesday, attracting net inflows worth a combined $194 million.</p>\n<p>Those shares have fallen between 12% and 17% at their lowest point this week compared with Friday's close.</p>\n<p>Overall, stocks impacted by the regulatory crackdown had seen combined retail inflows of $239 million, roughly 14% of total retail purchases on the day, Vanda said.</p>\n<p>The data could signal that while professional investors had turned wary about China, retail traders had sensed an opportunity.</p>\n<p>Retail traders have shot to prominence this year after big bets on heavily shorted stocks such as video game retailer <a href=\"https://laohu8.com/S/GME\">GameStop</a> or cinema chain AMC , driving huge rallies in relatively obscure shares and heaped losses on several big-name hedge funds.</p>\n<p>But the buying of newly cheap Chinese shares implies a shift in the retail traders' behaviour, Vanda analysts Ben Onatibia and Giacomo Pierantoni noted.</p>\n<p>\"From driving triple-digit returns in high multiple stocks, they have turned into dip buyers in underperforming ones,\" they told clients.</p>\n<p>\"Financials, energy and reopening are a few of the sectors where they've cushioned institutional selling.\"</p>\n<p>Households are the biggest investors in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States and own 37% of the equity market, according to data published by Barclays. Research has also shown that U.S. stimulus checks to households have found their way into the equity market.</p>\n<p>Reddit, popular with day traders for stock tips, contained discussions on the Chinese share slump, with comments from a few interested buyers.</p>\n<p>But mainstream investors are likely to remain cautious in the face of greater regulatory uncertainty.</p>\n<p>\"The de-rating of tech stocks is here to stay for some time. I don't expect multiples to go up anytime soon,\" said Gael Combes, head of fundamental research equities at Unigestion.</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>Small-time traders turn 'dip buyers' in China share selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSmall-time traders turn 'dip buyers' in China share selloff\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\">2021-07-29 08:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 28 (Reuters) - Small-time traders have been jumping in to buy stocks discarded by big investors during the selloff triggered by <a href=\"https://laohu8.com/S/CAAS\">China</a>'s regulatory crackdown, research showed on Wednesday.</p>\n<p>Vanda, an independent research house, said its data showed subdued retail trader activity earlier in the week, but just as fears of contagion from China spilled over to Wall Street, \"the dip-buying army\" reappeared.</p>\n<p>Vanda's data is tracked globally but U.S.-based traders likely comprise the biggest chunk of it.</p>\n<p>Their buying may help to stabilise U.S.-listed Chinese shares after several days of selling driven by Beijing's move to tighten regulations on the technology and education sectors.</p>\n<p>The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Golden Dragon China benchmark of tech stocks rebounded 8% on Wednesday after four days of falls.</p>\n<p>Vanda said U.S.-listed shares of three Chinese companies -- electric vehicle makers Nio and Xpeng , and tech giant <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> -- were among the six biggest bought stocks by U.S. retail investors on Tuesday, attracting net inflows worth a combined $194 million.</p>\n<p>Those shares have fallen between 12% and 17% at their lowest point this week compared with Friday's close.</p>\n<p>Overall, stocks impacted by the regulatory crackdown had seen combined retail inflows of $239 million, roughly 14% of total retail purchases on the day, Vanda said.</p>\n<p>The data could signal that while professional investors had turned wary about China, retail traders had sensed an opportunity.</p>\n<p>Retail traders have shot to prominence this year after big bets on heavily shorted stocks such as video game retailer <a href=\"https://laohu8.com/S/GME\">GameStop</a> or cinema chain AMC , driving huge rallies in relatively obscure shares and heaped losses on several big-name hedge funds.</p>\n<p>But the buying of newly cheap Chinese shares implies a shift in the retail traders' behaviour, Vanda analysts Ben Onatibia and Giacomo Pierantoni noted.</p>\n<p>\"From driving triple-digit returns in high multiple stocks, they have turned into dip buyers in underperforming ones,\" they told clients.</p>\n<p>\"Financials, energy and reopening are a few of the sectors where they've cushioned institutional selling.\"</p>\n<p>Households are the biggest investors in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States and own 37% of the equity market, according to data published by Barclays. Research has also shown that U.S. stimulus checks to households have found their way into the equity market.</p>\n<p>Reddit, popular with day traders for stock tips, contained discussions on the Chinese share slump, with comments from a few interested buyers.</p>\n<p>But mainstream investors are likely to remain cautious in the face of greater regulatory uncertainty.</p>\n<p>\"The de-rating of tech stocks is here to stay for some time. I don't expect multiples to go up anytime soon,\" said Gael Combes, head of fundamental research equities at Unigestion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","NIO":"蔚来","BABA":"阿里巴巴","GME":"游戏驿站","AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155027927","content_text":"July 28 (Reuters) - Small-time traders have been jumping in to buy stocks discarded by big investors during the selloff triggered by China's regulatory crackdown, research showed on Wednesday.\nVanda, an independent research house, said its data showed subdued retail trader activity earlier in the week, but just as fears of contagion from China spilled over to Wall Street, \"the dip-buying army\" reappeared.\nVanda's data is tracked globally but U.S.-based traders likely comprise the biggest chunk of it.\nTheir buying may help to stabilise U.S.-listed Chinese shares after several days of selling driven by Beijing's move to tighten regulations on the technology and education sectors.\nThe Nasdaq Golden Dragon China benchmark of tech stocks rebounded 8% on Wednesday after four days of falls.\nVanda said U.S.-listed shares of three Chinese companies -- electric vehicle makers Nio and Xpeng , and tech giant Alibaba -- were among the six biggest bought stocks by U.S. retail investors on Tuesday, attracting net inflows worth a combined $194 million.\nThose shares have fallen between 12% and 17% at their lowest point this week compared with Friday's close.\nOverall, stocks impacted by the regulatory crackdown had seen combined retail inflows of $239 million, roughly 14% of total retail purchases on the day, Vanda said.\nThe data could signal that while professional investors had turned wary about China, retail traders had sensed an opportunity.\nRetail traders have shot to prominence this year after big bets on heavily shorted stocks such as video game retailer GameStop or cinema chain AMC , driving huge rallies in relatively obscure shares and heaped losses on several big-name hedge funds.\nBut the buying of newly cheap Chinese shares implies a shift in the retail traders' behaviour, Vanda analysts Ben Onatibia and Giacomo Pierantoni noted.\n\"From driving triple-digit returns in high multiple stocks, they have turned into dip buyers in underperforming ones,\" they told clients.\n\"Financials, energy and reopening are a few of the sectors where they've cushioned institutional selling.\"\nHouseholds are the biggest investors in the United States and own 37% of the equity market, according to data published by Barclays. Research has also shown that U.S. stimulus checks to households have found their way into the equity market.\nReddit, popular with day traders for stock tips, contained discussions on the Chinese share slump, with comments from a few interested buyers.\nBut mainstream investors are likely to remain cautious in the face of greater regulatory uncertainty.\n\"The de-rating of tech stocks is here to stay for some time. I don't expect multiples to go up anytime soon,\" said Gael Combes, head of fundamental research equities at Unigestion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}