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AMC: An Open Letter To The Apes - The Stock Market And Reality

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Here's the data.\nThe economics","content":"<p><b>Summary</b></p>\n<ul>\n <li>Earnings drive stock prices over the long run, even for AMC. Here's the data.</li>\n <li>The economics of buying an AMC movie theater rather than the stock.</li>\n <li>Shorting AMC is mostly common sense, not a conspiracy. And where investors may have to be more careful.</li>\n <li>Emotion may tell you to buy. Reason will tell you to sell.</li>\n</ul>\n<p>I’ve written two articles recently for Seeking Alpha on AMC Entertainment Holdings(NYSE:AMC), one onJune 4and one onJune 17. The comments I have gotten back in response to the articles were eye-opening for me. I feel like I’ve been let into a world I didn’t know existed. Which means that I also must seem pretty odd to the inhabitants of this ape-world. So, I’d like to explain my point of view in this open letter.</p>\n<p><b>Why I keep harping on AMC’s earnings</b></p>\n<p>One shocker to me is that literally<i>no</i>comment that disagreed with my AMC view ever challenged me on earnings. The same is true for comments on my sell calls on Zillow(NASDAQ:Z), Redfin(NASDAQ:RDFN), Rocket Companies(NYSE:RKT)and Opendoor(NASDAQ:OPEN). So, why do I keep talking about earnings?<i>Because that’s how stocks work.</i>First, common sense says that it works. A share of stock is a share ownership of a company; that’s just a fact. We start and own businesses in order to earn money.</p>\n<p>Second, history says that the relationship between earnings and stock prices exists. A few charts will illustrate this point. First, let’s compare the S&amp;P 500 index with S&amp;P 500 EPS a year ahead:</p>\n<p><img src=\"https://static.tigerbbs.com/d09e129752eec6290923863d17249487\" tg-width=\"640\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Sources:Yahoo Finance,Yardeni Research</i></p>\n<p>The stock market clearly moves with earnings expectations. Now, let’s look at an individual stock. I chose McDonald’s(NYSE:MCD):</p>\n<p><img src=\"https://static.tigerbbs.com/092d5bc6eb84253ba4ae6fea1f92113f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Sources:Yahoo Finance,company reports</i></p>\n<p>Once again, a clear correlation – McDonald’s earns more, investors pay more to own it. Let’s now turn to a company whose earnings prospects took a turn – GoPro(NASDAQ:GPRO):</p>\n<p><img src=\"https://static.tigerbbs.com/6cb1e3a96d4e6e70cc8cb8dbc3b4643f\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Sources:Yahoo Finance,company reports</i></p>\n<p>GoPro’s stock price leaped after its IPO on the assumption that booming sales of its cameras would send earnings soaring above its 2014 EPS of $1.32. But smartphones – the cameras in our pockets – diverted sales away from GoPro, and its EPS took a serious slide into negative territory. In response, the stock tanked. It has only recently made a modest recovery as GoPro management managed to start earning money.<i>Again, a clear link between earnings and the stock price</i>.</p>\n<p>OK, one more – company X:</p>\n<p><img src=\"https://static.tigerbbs.com/f3b9e1ded9a66995ca17edc221ddd9a6\" tg-width=\"640\" tg-height=\"433\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Sources:Yahoo Finance,company reports</i></p>\n<p>Another excellent correlation between earnings and stock price. This company saw some EPS growth during 2015 and 2016, but earnings then turned south. The stock price followed.</p>\n<p>Who is this company X? I bet you guessed it – AMC!<i>Up until the pandemic hit, AMC’s stock performed like other stocks – on earnings expectations. It will again.</i></p>\n<p><b>Do you want to own an AMC theater?</b></p>\n<p>Instead of owning AMC stock, how about if you owned an AMC theater? This way, you are a real business owner.</p>\n<p>At last look, AMC’s market cap is $30.5 billion. Add in about $3.5 billion of debt less cash and we’ll say that AMC’s theaters are currently valued at $34 billion. At the beginning of this year, AMC had 950 movie theaters. That means, each theater is valued today at $36 million.</p>\n<p>If you don’t borrow money to pay your $36 million, my best guess from AMC’s financials is that you’ll rake in $220,000 in profits. Not bad, right? A cool 0.6% return on your investment. A return likely to shrink over time as we spend more time streaming and less time at the movies. Or you could buy more current favorite stock MGIC(NYSE:MTG), which last year generatedcash EPS of $2.45, an 18% return on its current stock price. But you would have to give up the free movie tickets from owning a theater. Your choice. I’ve gone for the latter. 18% &gt; 0.6%.</p>\n<p><b>Is it really different this time?</b></p>\n<p>Will AMC stock continue to rise just because apes continue to put more and more money in it? Can AMC become a permanent short squeeze?</p>\n<p>I’m old. While that means my tennis game is sinking, it also has allowed me to see lots of “it’s different this time” stories. They almost never work. Gravity takes over and brings magical beliefs back to earth. The ‘80s commercial real estate boom, the ‘90s internet boom, the ‘00s housing boom, all relied on broad-based beliefs that this time was different, and if you didn’t agree, “you don’t get it”. Gravity brought all three beliefs painfully back to earth. Betting against gravity is a serious long shot.</p>\n<p><b>Is the stock market fixed?</b></p>\n<p>Lots of the comments to my articles suggested that meme investing is revenge against a financial system fixed against the little guy and gal. I consider myself to be pretty cynical, but I can’t see the stock market as a whole as fixed. Some evidence:</p>\n<ul>\n <li><i>The link I established above between earnings and stock prices.</i>This means that, in the long run, it is company performance that determines stock prices, not Wall Street.</li>\n <li><i>Mutual funds routinely underperform index funds.</i>Big fund complexes like BlackRock, T. Rowe Price and Fidelity all have highly paid analysts and portfolio managers running their money. But many studies have shown that they generally do<i>worse</i>than market averages. So, they are no better than we are.</li>\n <li><i>Hedge funds have done even worse.</i>For example,NASDAQreported that the average hedge fund earned 11% in 2020, well below the S&amp;P 500 18% return. And they did far worse in 2019 – up 10% compared to +31% for the S&amp;P 500. My belief is that hedge funds have too much money chasing a small group of trades. Now, hedge fund<i>managers</i>can make obscene amounts of money because of their lucrative 2%/20% compensation structure. That’s another story. But hedge fund investors have been left behind.</li>\n <li><i>Wall Street is blanketed with regulations aimed at levelling the playing field.</i>There are rules against insider trading, selectively disseminating material information and many other forms of bad behavior. Of course, smart people can and do slip by some rules, but rampant cheating is quite difficult to achieve.</li>\n</ul>\n<p><b>Are short sellers lying to support their positions?</b></p>\n<p>There certainly are cases of this, but a far simpler answer explains why GameStop(NYSE:GME)and AMC are short targets. Come on – both are store-based businesses in an increasingly online world, right? With several years of losses behind them already. Blockbuster, Sears, Pier One… shorting the Old Economy is not rocket science.</p>\n<p>But how are potential investors in these New Age companies supposed to deal with these dramatic claims?</p>\n<p>Zillow. From its10-K:</p>\n<blockquote>\n “ \n <i>As we continue to expand into transaction-related services, our Total Addressable Market [TAM] has expanded from $19 billion in U.S. real estate related advertising…to $2.2 trillion of annual home sales…</i>”\n</blockquote>\n<p>Sounds awesome, right? $2.2&nbsp;<i>trillion</i>&nbsp;of potential revenues for Zillow. Except if home sellers expect to keep some of the proceeds of their home sales. In fact, the average real estate commission is 4.5%, giving Zillow an actual TAM of $100 billion. $100 billion &lt; $2.2 trillion. By a<i>lot.</i></p>\n<p>Rocket Mortgage. From itsQ1 earnings conference call:</p>\n<blockquote>\n “ \n <i>As we continue to expand our platform, creating certainty for clients in categories that have historically been challenging, the opportunity for Rocket Companies is gigantic. Consider this; when combined real estate, automotive sales and financial services, all markets where we're helping to lead the way, account for nearly one third of the US GDP</i>.” (My highlighting)\n</blockquote>\n<p>Wow! Amazon&nbsp;(NASDAQ:AMZN)&nbsp;will soon be a blip in Rocket’s rear-view mirror if I believe any of this. By the way, check out Rocket’s insider sales while management is dishing out this hype.</p>\n<p><b>Emotions versus reason</b></p>\n<p>I see a lot of anger, frustration, and revenge in the AMC comments. Life stinks a lot, so I get the rationale for these emotions. But I have learned that emotions are the enemy of successful investing.<i>Any</i>emotions, ranging from fear to enthusiasm. Rational thinking about a company’s value, or even (not my style) investors’ moods, has proven to work better.</p>\n<p>All of us primates, human and ape, are heavily driven by emotions (even me!), so we are never going to squeeze all of them out of our investment decisions. But the more squeezing, the better.</p>\n<p><b>All of the above says “Sell AMC”</b></p>\n<ul>\n <li>AMC’s earnings prospects can’t come close to supporting the current stock price. Gravity will do its job.</li>\n <li>If you don’t want to own a movie theater, don’t own the stock.</li>\n <li>AMC short sellers are driven more by common sense than by some conspiracy.</li>\n <li>AMC’s stock price contains an enormous emotional content, and a change in those fickle emotions will change the stock price quickly.</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC: An Open Letter To The Apes - The Stock Market And Reality</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\">\nAMC: An Open Letter To The Apes - The Stock Market And Reality\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 19:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436112-amc-stock-open-letter-to-apes-stock-market-and-reality><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEarnings drive stock prices over the long run, even for AMC. Here's the data.\nThe economics of buying an AMC movie theater rather than the stock.\nShorting AMC is mostly common sense, not a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436112-amc-stock-open-letter-to-apes-stock-market-and-reality\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4436112-amc-stock-open-letter-to-apes-stock-market-and-reality","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1113795668","content_text":"Summary\n\nEarnings drive stock prices over the long run, even for AMC. Here's the data.\nThe economics of buying an AMC movie theater rather than the stock.\nShorting AMC is mostly common sense, not a conspiracy. And where investors may have to be more careful.\nEmotion may tell you to buy. Reason will tell you to sell.\n\nI’ve written two articles recently for Seeking Alpha on AMC Entertainment Holdings(NYSE:AMC), one onJune 4and one onJune 17. The comments I have gotten back in response to the articles were eye-opening for me. I feel like I’ve been let into a world I didn’t know existed. Which means that I also must seem pretty odd to the inhabitants of this ape-world. So, I’d like to explain my point of view in this open letter.\nWhy I keep harping on AMC’s earnings\nOne shocker to me is that literallynocomment that disagreed with my AMC view ever challenged me on earnings. The same is true for comments on my sell calls on Zillow(NASDAQ:Z), Redfin(NASDAQ:RDFN), Rocket Companies(NYSE:RKT)and Opendoor(NASDAQ:OPEN). So, why do I keep talking about earnings?Because that’s how stocks work.First, common sense says that it works. A share of stock is a share ownership of a company; that’s just a fact. We start and own businesses in order to earn money.\nSecond, history says that the relationship between earnings and stock prices exists. A few charts will illustrate this point. First, let’s compare the S&P 500 index with S&P 500 EPS a year ahead:\n\nSources:Yahoo Finance,Yardeni Research\nThe stock market clearly moves with earnings expectations. Now, let’s look at an individual stock. I chose McDonald’s(NYSE:MCD):\n\nSources:Yahoo Finance,company reports\nOnce again, a clear correlation – McDonald’s earns more, investors pay more to own it. Let’s now turn to a company whose earnings prospects took a turn – GoPro(NASDAQ:GPRO):\n\nSources:Yahoo Finance,company reports\nGoPro’s stock price leaped after its IPO on the assumption that booming sales of its cameras would send earnings soaring above its 2014 EPS of $1.32. But smartphones – the cameras in our pockets – diverted sales away from GoPro, and its EPS took a serious slide into negative territory. In response, the stock tanked. It has only recently made a modest recovery as GoPro management managed to start earning money.Again, a clear link between earnings and the stock price.\nOK, one more – company X:\n\nSources:Yahoo Finance,company reports\nAnother excellent correlation between earnings and stock price. This company saw some EPS growth during 2015 and 2016, but earnings then turned south. The stock price followed.\nWho is this company X? I bet you guessed it – AMC!Up until the pandemic hit, AMC’s stock performed like other stocks – on earnings expectations. It will again.\nDo you want to own an AMC theater?\nInstead of owning AMC stock, how about if you owned an AMC theater? This way, you are a real business owner.\nAt last look, AMC’s market cap is $30.5 billion. Add in about $3.5 billion of debt less cash and we’ll say that AMC’s theaters are currently valued at $34 billion. At the beginning of this year, AMC had 950 movie theaters. That means, each theater is valued today at $36 million.\nIf you don’t borrow money to pay your $36 million, my best guess from AMC’s financials is that you’ll rake in $220,000 in profits. Not bad, right? A cool 0.6% return on your investment. A return likely to shrink over time as we spend more time streaming and less time at the movies. Or you could buy more current favorite stock MGIC(NYSE:MTG), which last year generatedcash EPS of $2.45, an 18% return on its current stock price. But you would have to give up the free movie tickets from owning a theater. Your choice. I’ve gone for the latter. 18% > 0.6%.\nIs it really different this time?\nWill AMC stock continue to rise just because apes continue to put more and more money in it? Can AMC become a permanent short squeeze?\nI’m old. While that means my tennis game is sinking, it also has allowed me to see lots of “it’s different this time” stories. They almost never work. Gravity takes over and brings magical beliefs back to earth. The ‘80s commercial real estate boom, the ‘90s internet boom, the ‘00s housing boom, all relied on broad-based beliefs that this time was different, and if you didn’t agree, “you don’t get it”. Gravity brought all three beliefs painfully back to earth. Betting against gravity is a serious long shot.\nIs the stock market fixed?\nLots of the comments to my articles suggested that meme investing is revenge against a financial system fixed against the little guy and gal. I consider myself to be pretty cynical, but I can’t see the stock market as a whole as fixed. Some evidence:\n\nThe link I established above between earnings and stock prices.This means that, in the long run, it is company performance that determines stock prices, not Wall Street.\nMutual funds routinely underperform index funds.Big fund complexes like BlackRock, T. Rowe Price and Fidelity all have highly paid analysts and portfolio managers running their money. But many studies have shown that they generally doworsethan market averages. So, they are no better than we are.\nHedge funds have done even worse.For example,NASDAQreported that the average hedge fund earned 11% in 2020, well below the S&P 500 18% return. And they did far worse in 2019 – up 10% compared to +31% for the S&P 500. My belief is that hedge funds have too much money chasing a small group of trades. Now, hedge fundmanagerscan make obscene amounts of money because of their lucrative 2%/20% compensation structure. That’s another story. But hedge fund investors have been left behind.\nWall Street is blanketed with regulations aimed at levelling the playing field.There are rules against insider trading, selectively disseminating material information and many other forms of bad behavior. Of course, smart people can and do slip by some rules, but rampant cheating is quite difficult to achieve.\n\nAre short sellers lying to support their positions?\nThere certainly are cases of this, but a far simpler answer explains why GameStop(NYSE:GME)and AMC are short targets. Come on – both are store-based businesses in an increasingly online world, right? With several years of losses behind them already. Blockbuster, Sears, Pier One… shorting the Old Economy is not rocket science.\nBut how are potential investors in these New Age companies supposed to deal with these dramatic claims?\nZillow. From its10-K:\n\n “ \n As we continue to expand into transaction-related services, our Total Addressable Market [TAM] has expanded from $19 billion in U.S. real estate related advertising…to $2.2 trillion of annual home sales…”\n\nSounds awesome, right? $2.2 trillion of potential revenues for Zillow. Except if home sellers expect to keep some of the proceeds of their home sales. In fact, the average real estate commission is 4.5%, giving Zillow an actual TAM of $100 billion. $100 billion < $2.2 trillion. By alot.\nRocket Mortgage. From itsQ1 earnings conference call:\n\n “ \n As we continue to expand our platform, creating certainty for clients in categories that have historically been challenging, the opportunity for Rocket Companies is gigantic. Consider this; when combined real estate, automotive sales and financial services, all markets where we're helping to lead the way, account for nearly one third of the US GDP.” (My highlighting)\n\nWow! Amazon (NASDAQ:AMZN) will soon be a blip in Rocket’s rear-view mirror if I believe any of this. By the way, check out Rocket’s insider sales while management is dishing out this hype.\nEmotions versus reason\nI see a lot of anger, frustration, and revenge in the AMC comments. Life stinks a lot, so I get the rationale for these emotions. But I have learned that emotions are the enemy of successful investing.Anyemotions, ranging from fear to enthusiasm. Rational thinking about a company’s value, or even (not my style) investors’ moods, has proven to work better.\nAll of us primates, human and ape, are heavily driven by emotions (even me!), so we are never going to squeeze all of them out of our investment decisions. But the more squeezing, the better.\nAll of the above says “Sell AMC”\n\nAMC’s earnings prospects can’t come close to supporting the current stock price. Gravity will do its job.\nIf you don’t want to own a movie theater, don’t own the stock.\nAMC short sellers are driven more by common sense than by some conspiracy.\nAMC’s stock price contains an enormous emotional content, and a change in those fickle emotions will change the stock price quickly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121314318,"gmtCreate":1624453735334,"gmtModify":1703837130832,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121314318","repostId":"1115142051","repostType":4,"repost":{"id":"1115142051","pubTimestamp":1624447827,"share":"https://www.laohu8.com/m/news/1115142051?lang=&edition=full","pubTime":"2021-06-23 19:30","market":"us","language":"en","title":"Warren Buffett Resigns From Gates Foundation Board","url":"https://stock-news.laohu8.com/highlight/detail?id=1115142051","media":"zerohedge","summary":"In another potential indicator ofhow public opinion has turned against Bill Gatesin the weeks since ","content":"<p>In another potential indicator ofhow public opinion has turned against Bill Gatesin the weeks since he and his now ex-wife Melinda Gates disclosed their divorce plans, financier Warren Buffett has resigned as a trustee of the Bill and Melinda Gates Foundation. Buffett's position on the board was a major PR coup for the foundation, which is one of the world's biggest charitable enterprises.</p>\n<p><img src=\"https://static.tigerbbs.com/5ad33e43f59ee4df358ff3db98d9cfd5\" tg-width=\"500\" tg-height=\"262\">Buffett, now 90, announced his decision to step down from the Gates Foundation board in a statement that also announced he had reached the halfway point in giving his Berkshire Hathaway shares to charity. Buffett gave away another $4.1 billion in Berkshire shares to give foundations.</p>\n<p>Ina statementshared with CNBC, Buffett said he was resigning from the Gates Foundation board \"just as I have done at all corporate boards other than Berkshire's\".</p>\n<blockquote>\n \"For years I have been a trustee – an inactive trustee at that – of only one recipient of my funds, the Bill and Melinda Gates Foundation. I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s,\" Buffett said in a statement. \"The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support. My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals.\"\n</blockquote>\n<p>While it's true that Buffett has slowly been pulling back from his non-Berkshire activities for years now, the timing of his departure from the Gates Foundation board is certainly curious. As Buffett himself concedes, he was an \"inactive\" member of the board. The board includes two other members, Bill and Melinda. Maybe Buffett simply couldn't stomach the awkwardness at board meetings.</p>\n<p>Melinda Gates reportedly divorced her husband over his friendship with Jeffrey Epstein, something that Buffett has been mum about - though Warren Buffett was never tied to Epstein like many other titans of American business and finance have been.</p>\n<p>Buffett has contributed $27 billion to the Gates Foundation over the past 15 years. Mark Suzman, the foundation’s chief executive officer, told employees last month that he was in talks to strengthen \"the long-term sustainability and stability of the foundation.\"</p>\n<p>Suzman \"is an outstanding recent selection who has my full support,\" Buffett said. Suzman has insisted that both Bill and Melinda remain committed to the Foundation even after their divorce.</p>","source":"lsy1583725640930","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>Warren Buffett Resigns From Gates Foundation Board</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\">\nWarren Buffett Resigns From Gates Foundation Board\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 19:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/warren-buffett-resigns-gates-foundation-board?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In another potential indicator ofhow public opinion has turned against Bill Gatesin the weeks since he and his now ex-wife Melinda Gates disclosed their divorce plans, financier Warren Buffett has ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/warren-buffett-resigns-gates-foundation-board?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","MSFT":"微软","BRK.A":"伯克希尔"},"source_url":"https://www.zerohedge.com/markets/warren-buffett-resigns-gates-foundation-board?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115142051","content_text":"In another potential indicator ofhow public opinion has turned against Bill Gatesin the weeks since he and his now ex-wife Melinda Gates disclosed their divorce plans, financier Warren Buffett has resigned as a trustee of the Bill and Melinda Gates Foundation. Buffett's position on the board was a major PR coup for the foundation, which is one of the world's biggest charitable enterprises.\nBuffett, now 90, announced his decision to step down from the Gates Foundation board in a statement that also announced he had reached the halfway point in giving his Berkshire Hathaway shares to charity. Buffett gave away another $4.1 billion in Berkshire shares to give foundations.\nIna statementshared with CNBC, Buffett said he was resigning from the Gates Foundation board \"just as I have done at all corporate boards other than Berkshire's\".\n\n \"For years I have been a trustee – an inactive trustee at that – of only one recipient of my funds, the Bill and Melinda Gates Foundation. I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s,\" Buffett said in a statement. \"The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support. My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals.\"\n\nWhile it's true that Buffett has slowly been pulling back from his non-Berkshire activities for years now, the timing of his departure from the Gates Foundation board is certainly curious. As Buffett himself concedes, he was an \"inactive\" member of the board. The board includes two other members, Bill and Melinda. Maybe Buffett simply couldn't stomach the awkwardness at board meetings.\nMelinda Gates reportedly divorced her husband over his friendship with Jeffrey Epstein, something that Buffett has been mum about - though Warren Buffett was never tied to Epstein like many other titans of American business and finance have been.\nBuffett has contributed $27 billion to the Gates Foundation over the past 15 years. Mark Suzman, the foundation’s chief executive officer, told employees last month that he was in talks to strengthen \"the long-term sustainability and stability of the foundation.\"\nSuzman \"is an outstanding recent selection who has my full support,\" Buffett said. Suzman has insisted that both Bill and Melinda remain committed to the Foundation even after their divorce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121315683,"gmtCreate":1624453711742,"gmtModify":1703837128987,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Bitcoin&nbsp;","listText":"Bitcoin&nbsp;","text":"Bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121315683","repostId":"1174672721","repostType":4,"repost":{"id":"1174672721","pubTimestamp":1624448078,"share":"https://www.laohu8.com/m/news/1174672721?lang=&edition=full","pubTime":"2021-06-23 19:34","market":"us","language":"en","title":"Weekly mortgage refinance demand jumps as some fear end of super-low rates is near","url":"https://stock-news.laohu8.com/highlight/detail?id=1174672721","media":"cnbc","summary":"KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan","content":"<div>\n<p>KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to the highest level in a month.\nStill, applications to refinance a home loan rose 3%...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Weekly mortgage refinance demand jumps as some fear end of super-low rates is near</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\">\nWeekly mortgage refinance demand jumps as some fear end of super-low rates is near\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to the highest level in a month.\nStill, applications to refinance a home loan rose 3%...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/06/23/weekly-mortgage-refinancing-jumps-on-fears-that-super-low-rates-are-ending.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174672721","content_text":"KEY POINTS\n\nThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to the highest level in a month.\nStill, applications to refinance a home loan rose 3% last week from the previous week, the Mortgage Bankers Association said.\nMortgage applications to purchase a home increased by 1% from the previous week and were 14% lower than a year ago.\n\nMortgage rates rose last week, along with demand for refinances. That may sound counterintuitive, but it speaks to the larger picture of where mortgage rates are heading.\nApplications to refinance a home loan rose 3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 9% lower than a year earlier.\nThe data comes as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) rose to the highest level in a month. It increased to 3.18% from 3.11%, with points increasing to 0.48 from 0.36 (including the origination fee) for loans with a 20% down payment. The rate was just 12 basis points higher a year ago.\nRates jumped after Federal Reserve officials indicated last week that rate hikes could come in 2023, a year earlier than expected. However, they didn’t mention when they would start scaling back their massive bond-buying program, which has kept mortgage rates near record lows.\nRefinance demand had been falling sharply as rates rise but has improved in recent weeks. This may be because homeowners think rates are only going up, and it could be the last chance for the best deal. Rates set more than a dozen record lows last year, and refinance demand was huge. However, thousands of borrowers can still save now before rates move higher.\nMortgage applications to purchase a home increased 1% from the previous week and were 14% lower than a year ago. Buyers are hitting an affordability wall, as home prices keep rising quickly. A report onexisting home sales in Mayshowed the fourth straight month of declining home sales.\n“Falling affordability is simply squeezing some first-time buyers out of the market.,” said Lawrence Yun, chief economist for the National Association of Realtors, which issued the report Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121312287,"gmtCreate":1624453692249,"gmtModify":1703837127847,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Bitcoin&nbsp;","listText":"Bitcoin&nbsp;","text":"Bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121312287","repostId":"1121798334","repostType":4,"repost":{"id":"1121798334","pubTimestamp":1624451302,"share":"https://www.laohu8.com/m/news/1121798334?lang=&edition=full","pubTime":"2021-06-23 20:28","market":"us","language":"en","title":"Bitcoin And The 2000 Technology Bubble Have A Lot In Common","url":"https://stock-news.laohu8.com/highlight/detail?id=1121798334","media":"seekingalpha","summary":"Summary\n\nBitcoin has many similarities to the speculative nature of the stock market of the late 199","content":"<p><b>Summary</b></p>\n<ul>\n <li>Bitcoin has many similarities to the speculative nature of the stock market of the late 1990s.</li>\n <li>There's nothing fundamental about Bitcoin to anchor its valuation.</li>\n <li>The technicals suggest it falls to between 16,000 and 19,000.</li>\n</ul>\n<p>Volatility in Bitcoin (BTC-USD) is picking up once again, and it isn't likely to go away anytime soon. The cryptocurrency has been trading in a range between 30,000 and 40,000 over the past few weeks. That volatility may only persist as it tests key levels of technical support.</p>\n<p>There are plenty of reasons for the recent weakness. China is cracking down on bitcoin mining operations. In addition, the country has told banks and payment services to stop supporting digital currency transactions. This comes on top of the potential for regulatory risk in the US and the potential environmental damages mining for bitcoin creates.</p>\n<p><b>No Anchor</b></p>\n<p>On top of external factors that seem to be creating volatility in Bitcoin, investors need to wonder about its stability and whether or not it can act as a hedge against the dollar, and what a stronger dollar may mean. To this point, Bitcoin has been anything but stable and anything but a hedge against the dollar or any investment for that matter.</p>\n<p>The big swings, higher or massive losses, reflect that of a highly speculative asset class. The big swings are because there's nothing to anchor Bitcoin to since there's an absence of anything that even remotely appears to be fundamental to make it an attractive option versus another asset class.</p>\n<p><b>Bubble</b></p>\n<p>Bitcoin has many similarities to that of speculative bubbles in the past. For example, the most recent one is the technology bubble of the late 1990s. All a company had to do was add a dot.com to the end of their corporate name or say they were launching a website. This would send the stock soaring, even though there was nothing fundamental that actually change.</p>\n<p>Back then, investors came up with all sorts of ingenious ways how to value some of these dot.com stocks. Even though some of those valuations made no sense, there was something to show how one could arrive at that valuation. Investors could look to extrapolate cash flow or the potential revenue and earnings growth. At least there was something because the company either created something or had something of value to sell.</p>\n<p>With Bitcoin, there seems to be plenty of reason why the crypto can rise, but very little to support some of these far-fetched valuations. Bitcoin produces nothing, clearly has no store of value or stability, and offers no dividend. There is no revenue, no cash flow, nothing. At least in the speculative technology bubble of the late 1990s, even though the valuation was a stretch, an investor could decide if they agreed or disagreed with the analysis. Bitcoin offers investors no such way to do that.</p>\n<p><b>Technicals</b></p>\n<p>The only thing an investor is left with are technical charts, and those continue to look really weak. It's currently testing support around 30,000 and is likely heading even lower to complete a 5 wave cycle. Based on a projection of this 5 wave counted, Bitcoin is likely heading toward 16,300. Additionally, the relative strength index is falling, suggesting the bulls have no control over it at this point. Even the MACD is showing a downward sloping trend line as well. This is also a big negative.</p>\n<p><img src=\"https://static.tigerbbs.com/96b2035aa426724115fff1ac2de21a95\" tg-width=\"640\" tg-height=\"305\" referrerpolicy=\"no-referrer\"></p>\n<p>A log chart of Bitcoin also shows that it's breaking down, with Bitcoin falling below an uptrend that started in March2020. This also shows that once support at 30,000 breaks, it could send Bitcoin to around 19,000.</p>\n<p><img src=\"https://static.tigerbbs.com/b6d2af63f761ccac3486adb97a351cd3\" tg-width=\"640\" tg-height=\"263\"></p>\n<p>Bitcoin has had an impressive run, but perhaps, speculators finally realize the trade is over.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin And The 2000 Technology Bubble Have A Lot In Common</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\">\nBitcoin And The 2000 Technology Bubble Have A Lot In Common\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436115-bitcoin-and-the-2000-technology-bubble-have-a-lot-in-common><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nBitcoin has many similarities to the speculative nature of the stock market of the late 1990s.\nThere's nothing fundamental about Bitcoin to anchor its valuation.\nThe technicals suggest it ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436115-bitcoin-and-the-2000-technology-bubble-have-a-lot-in-common\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/article/4436115-bitcoin-and-the-2000-technology-bubble-have-a-lot-in-common","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1121798334","content_text":"Summary\n\nBitcoin has many similarities to the speculative nature of the stock market of the late 1990s.\nThere's nothing fundamental about Bitcoin to anchor its valuation.\nThe technicals suggest it falls to between 16,000 and 19,000.\n\nVolatility in Bitcoin (BTC-USD) is picking up once again, and it isn't likely to go away anytime soon. The cryptocurrency has been trading in a range between 30,000 and 40,000 over the past few weeks. That volatility may only persist as it tests key levels of technical support.\nThere are plenty of reasons for the recent weakness. China is cracking down on bitcoin mining operations. In addition, the country has told banks and payment services to stop supporting digital currency transactions. This comes on top of the potential for regulatory risk in the US and the potential environmental damages mining for bitcoin creates.\nNo Anchor\nOn top of external factors that seem to be creating volatility in Bitcoin, investors need to wonder about its stability and whether or not it can act as a hedge against the dollar, and what a stronger dollar may mean. To this point, Bitcoin has been anything but stable and anything but a hedge against the dollar or any investment for that matter.\nThe big swings, higher or massive losses, reflect that of a highly speculative asset class. The big swings are because there's nothing to anchor Bitcoin to since there's an absence of anything that even remotely appears to be fundamental to make it an attractive option versus another asset class.\nBubble\nBitcoin has many similarities to that of speculative bubbles in the past. For example, the most recent one is the technology bubble of the late 1990s. All a company had to do was add a dot.com to the end of their corporate name or say they were launching a website. This would send the stock soaring, even though there was nothing fundamental that actually change.\nBack then, investors came up with all sorts of ingenious ways how to value some of these dot.com stocks. Even though some of those valuations made no sense, there was something to show how one could arrive at that valuation. Investors could look to extrapolate cash flow or the potential revenue and earnings growth. At least there was something because the company either created something or had something of value to sell.\nWith Bitcoin, there seems to be plenty of reason why the crypto can rise, but very little to support some of these far-fetched valuations. Bitcoin produces nothing, clearly has no store of value or stability, and offers no dividend. There is no revenue, no cash flow, nothing. At least in the speculative technology bubble of the late 1990s, even though the valuation was a stretch, an investor could decide if they agreed or disagreed with the analysis. Bitcoin offers investors no such way to do that.\nTechnicals\nThe only thing an investor is left with are technical charts, and those continue to look really weak. It's currently testing support around 30,000 and is likely heading even lower to complete a 5 wave cycle. Based on a projection of this 5 wave counted, Bitcoin is likely heading toward 16,300. Additionally, the relative strength index is falling, suggesting the bulls have no control over it at this point. Even the MACD is showing a downward sloping trend line as well. This is also a big negative.\n\nA log chart of Bitcoin also shows that it's breaking down, with Bitcoin falling below an uptrend that started in March2020. This also shows that once support at 30,000 breaks, it could send Bitcoin to around 19,000.\n\nBitcoin has had an impressive run, but perhaps, speculators finally realize the trade is over.","news_type":1},"isVote":1,"tweetType":1,"viewCount":43,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121316707,"gmtCreate":1624453661309,"gmtModify":1703837126872,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121316707","repostId":"2145283099","repostType":4,"repost":{"id":"2145283099","pubTimestamp":1624452600,"share":"https://www.laohu8.com/m/news/2145283099?lang=&edition=full","pubTime":"2021-06-23 20:50","market":"us","language":"en","title":"Here's What Happened to NVIDIA During the Last Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=2145283099","media":"Motley Fool","summary":"Sales fell off a cliff, and so did the stock price.","content":"<p>It's starting to look like the cryptocurrency bubble is bursting. As of this writing, the price of <b>Bitcoin</b> (CRYPTO:BTC) has dipped below $30,000, erasing its gains for the year. Bitcoin is now down more than 50% from its all-time high.</p>\n<p>Other cryptocurrencies are doing even worse. <b>Ethereum</b> (CRYPTO:ETH) is down nearly 60% from its high, and joke cryptocurrency <b>Dogecoin</b> (CRYPTO:DOGE) has crashed 75%.</p>\n<p>Graphics chip developer <b>NVIDIA</b> (NASDAQ:NVDA) has been <a href=\"https://laohu8.com/S/AONE\">one</a> beneficiary of the crypto bubble. The company's graphics cards are useful for mining certain cryptocurrencies. This fact has boosted demand for graphics cards, contributing to shortages and high prices.</p>\n<p><img src=\"https://static.tigerbbs.com/9eae70fe3111cdeb0fe2fe15c5e5fcf3\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p>NVIDIA sells some models specifically aimed at cryptocurrency miners, but miners are also buying plenty of standard graphics cards through the same channels used by PC gamers. This makes it difficult to tell how much of NVIDIA's gaming revenue is a side-effect of the cryptocurrency bubble. NVIDIA's gaming revenue more than doubled year-over-year to $2.76 billion in its latest quarter.</p>\n<p>What happens if crypto prices continue to crash? It wasn't pretty for NVIDIA last time around.</p>\n<h3>From shortage to supply glut</h3>\n<p>The price of bitcoin and other cryptocurrencies soared throughout 2017 and early 2018. Miners snapped up graphics cards, leading to shortages and high prices. Sound familiar?</p>\n<p>NVIDIA's quarterly gaming revenue held steady at around $1.8 billion through the third quarter of fiscal 2019, which ended in October of 2018. Then it fell off a cliff as interest in cryptocurrency waned. Gaming revenue crashed below $1 billion in the fiscal fourth quarter of that year.</p>\n<p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F631439%2Fnvidia-gaming-revenue-crypto.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"501\" referrerpolicy=\"no-referrer\"></p>\n<p>Chart by author. Data source: NVIDIA.</p>\n<p>The crypto crash of 2018 led to bloated channel inventories of graphics cards, which reduced NVIDIA's sales dramatically. Gaming revenue was depressed for about three quarters before bouncing back.</p>\n<p>\"Crypto mining demand and its after effects have distorted the quarter-to-quarter trends in the gaming business and obscured its underlying trend line,\" NVIDIA CFO Colette Kress said during the Q4 2019 earnings call.</p>\n<p>Kress continued: \"...with the benefit of hindsight, we shipped a higher amount of desktop gaming products relative to where end demand turned out to be.\"</p>\n<p>What's happening now is a turbocharged version of what happened in 2018. The total value of the cryptocurrency market at the peak this time around was far higher than in 2018, topping $2 trillion in April.</p>\n<p>Actual shipments of graphics cards were up 24.4% in the first quarter on a year-over-year basis, according to Jon Peddie Research. The total value of those cards soared 370% thanks to inflated prices. Some of this demand has undoubtedly been driven by the pandemic, but a big chunk is tied to the fortunes of the cryptocurrency market.</p>\n<p>Just like NVIDIA's gaming revenue, NVIDIA stock was hit hard by the last crypto crash. Shares tanked in the final three months of 2018 as the extent of NVIDIA's dependence on crypto miners demand became clear.</p>\n<p><img src=\"https://static.tigerbbs.com/872169a76058d1b9cde031da052b3211\" tg-width=\"720\" tg-height=\"419\" referrerpolicy=\"no-referrer\"></p>\n<p>NVDA data by YCharts</p>\n<p>NVIDIA stock has once again surged amid a cryptocurrency boom and shortages of graphics cards. The company is now worth about $460 billion, about triple its peak value during the last cryptocurrency bubble. NVIDIA has made strides outside of gaming since then, particularly in the data center. But a big drop in revenue is possible, and perhaps likely, if crypto prices keep tumbling.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's What Happened to NVIDIA During the Last Crypto Crash</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\">\nHere's What Happened to NVIDIA During the Last Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/23/nvidia-stock-crypto-crash/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's starting to look like the cryptocurrency bubble is bursting. As of this writing, the price of Bitcoin (CRYPTO:BTC) has dipped below $30,000, erasing its gains for the year. Bitcoin is now down ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/23/nvidia-stock-crypto-crash/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/06/23/nvidia-stock-crypto-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145283099","content_text":"It's starting to look like the cryptocurrency bubble is bursting. As of this writing, the price of Bitcoin (CRYPTO:BTC) has dipped below $30,000, erasing its gains for the year. Bitcoin is now down more than 50% from its all-time high.\nOther cryptocurrencies are doing even worse. Ethereum (CRYPTO:ETH) is down nearly 60% from its high, and joke cryptocurrency Dogecoin (CRYPTO:DOGE) has crashed 75%.\nGraphics chip developer NVIDIA (NASDAQ:NVDA) has been one beneficiary of the crypto bubble. The company's graphics cards are useful for mining certain cryptocurrencies. This fact has boosted demand for graphics cards, contributing to shortages and high prices.\n\nImage source: Getty Images.\nNVIDIA sells some models specifically aimed at cryptocurrency miners, but miners are also buying plenty of standard graphics cards through the same channels used by PC gamers. This makes it difficult to tell how much of NVIDIA's gaming revenue is a side-effect of the cryptocurrency bubble. NVIDIA's gaming revenue more than doubled year-over-year to $2.76 billion in its latest quarter.\nWhat happens if crypto prices continue to crash? It wasn't pretty for NVIDIA last time around.\nFrom shortage to supply glut\nThe price of bitcoin and other cryptocurrencies soared throughout 2017 and early 2018. Miners snapped up graphics cards, leading to shortages and high prices. Sound familiar?\nNVIDIA's quarterly gaming revenue held steady at around $1.8 billion through the third quarter of fiscal 2019, which ended in October of 2018. Then it fell off a cliff as interest in cryptocurrency waned. Gaming revenue crashed below $1 billion in the fiscal fourth quarter of that year.\n\nChart by author. Data source: NVIDIA.\nThe crypto crash of 2018 led to bloated channel inventories of graphics cards, which reduced NVIDIA's sales dramatically. Gaming revenue was depressed for about three quarters before bouncing back.\n\"Crypto mining demand and its after effects have distorted the quarter-to-quarter trends in the gaming business and obscured its underlying trend line,\" NVIDIA CFO Colette Kress said during the Q4 2019 earnings call.\nKress continued: \"...with the benefit of hindsight, we shipped a higher amount of desktop gaming products relative to where end demand turned out to be.\"\nWhat's happening now is a turbocharged version of what happened in 2018. The total value of the cryptocurrency market at the peak this time around was far higher than in 2018, topping $2 trillion in April.\nActual shipments of graphics cards were up 24.4% in the first quarter on a year-over-year basis, according to Jon Peddie Research. The total value of those cards soared 370% thanks to inflated prices. Some of this demand has undoubtedly been driven by the pandemic, but a big chunk is tied to the fortunes of the cryptocurrency market.\nJust like NVIDIA's gaming revenue, NVIDIA stock was hit hard by the last crypto crash. Shares tanked in the final three months of 2018 as the extent of NVIDIA's dependence on crypto miners demand became clear.\n\nNVDA data by YCharts\nNVIDIA stock has once again surged amid a cryptocurrency boom and shortages of graphics cards. The company is now worth about $460 billion, about triple its peak value during the last cryptocurrency bubble. NVIDIA has made strides outside of gaming since then, particularly in the data center. But a big drop in revenue is possible, and perhaps likely, if crypto prices keep tumbling.","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121316344,"gmtCreate":1624453635888,"gmtModify":1703837125572,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121316344","repostId":"1145825451","repostType":4,"repost":{"id":"1145825451","pubTimestamp":1624433586,"share":"https://www.laohu8.com/m/news/1145825451?lang=&edition=full","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out 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\">\nWhy I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121319524,"gmtCreate":1624453520368,"gmtModify":1703837121996,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Sure&nbsp;","listText":"Sure&nbsp;","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121319524","repostId":"1146629706","repostType":4,"repost":{"id":"1146629706","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624449285,"share":"https://www.laohu8.com/m/news/1146629706?lang=&edition=full","pubTime":"2021-06-23 19:54","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1146629706","media":"Tiger Newspress","summary":"Stock futures are bouncing between small gains and losses, indicating a quiet opening.\nBitcoin, ethe","content":"<ul>\n <li>Stock futures are bouncing between small gains and losses, indicating a quiet opening.</li>\n <li>Bitcoin, ethereum and other crypto currenciesrose Wednesday after a tumultous few daysof trading. The SEC meanwhile,delayed a decision about allowing bitcoin ETFs.</li>\n <li>Crude prices hit multiyear highs on economic rebound hopes,with signs pointing to a stronger rebound in the U.S.than the rest of the world.</li>\n <li>Torchlight Energy, a hot stock among the Reddit crowd, tumbled premarket, extending a 29% drop the day before.</li>\n <li>GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more made the biggest moves.</li>\n</ul>\n<p>(June 23)&nbsp;U.S. equity futures were steady, while stocks were mixed Wednesday as investors assessed prospects for an economic recovery and continued policy support.</p>\n<p>At 7:59AM ET the Dow futures contract was up just 17 points, or 0.05%, S&amp;P 500 futures traded 0.25 points, or 0.01%, lower, and Nasdaq 100 futures climbed 4.25&nbsp;points, or 0.03%.</p>\n<p><img src=\"https://static.tigerbbs.com/e352cd119b936c2cd0b2e789eff1776a\" tg-width=\"1242\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p>\n<p>Contracts on all three U.S. equity benchmarks were little changed, after two days of gains for the S&amp;P 500 Index. European equities fell despite better-than-forecast outputdata, after high-flying sectors such as luxury-goods makersslidon analyst downgrades. Asian equities advanced.</p>\n<p>Oil climbed above $73 a barrel after data signaling another decline in U.S. crude stockpiles added to a bullish outlook.</p>\n<p><img src=\"https://static.tigerbbs.com/292b831ab7a8ddca43fdc5432203af34\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Markets are steadying this week after last week’s volatility spurred by the Federal Reserve’s hawkish tilt at its meeting. Chair Jerome Powell on Tuesday said the central bank would be patient in waiting to lift borrowing costs, andreiteratedthat while price increases are bigger than expected, they will likely wane.</p>\n<p>The Fed’s shift last week to acknowledge higher inflation and pull forward its rate hike projections is “a reflection of more positive longer-term dynamics,” BlackRock Investment Institute strategists led by Jean Boivin wrote in a report. “We believe the Fed’s new outlook will not translate into significantly higher policy rates any time soon. This, combined with the powerful restart, underpins our pro-risk stance.”</p>\n<p>Elsewhere, commodities including copper and iron ore climbed.Bitcoinrebounded, rising past $30,000.</p>\n<p><b>Stocks making the biggest moves in the premarket: GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more</b></p>\n<p><b>1)&nbsp;GlaxoSmithKline(GSK) </b>– The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.</p>\n<p><b>2)&nbsp;MicroStrategy(MSTR)</b> – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.</p>\n<p><b>3)&nbsp;Shake Shack(SHAK) </b>– Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.</p>\n<p><b>4)&nbsp;Winnebago(WGO) </b>– The recreational vehicle maker reported quarterly earnings of $2.16 per share, well above the consensus estimate of $1.77 a share. Revenue also topped Wall Street forecasts by doubling to record levels. Sales of towable products nearly tripled from a year earlier.</p>\n<p><b>5)&nbsp;Microsoft(MSFT) </b>– Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session.Apple(AAPL), currently worth $2.2 trillion, was the first.</p>\n<p><b>6)&nbsp;Carrier Global(CARR)</b> – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.</p>\n<p><b>7)&nbsp;Amazon.com(AMZN) </b>– Amazon will bethe target of a nationwide unionization effortby the Teamsters Union, which accuses the retail giant of mistreating warehouse and logistics workers. The effort was announced in a resolution presented at the union’s international convention.</p>\n<p><b>8)&nbsp;Intel(INTC)</b> – The semiconductor maker is creating two new business units, one that will focus on software and the other on high-performance computing and graphics.</p>\n<p><b>9)&nbsp;Alphabet(GOOGL)</b> – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.</p>\n<p><b>10)&nbsp;Xpeng(XPEV) </b>– Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 3.8% in the premarket.</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>Toplines Before US Market Open on Wednesday</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\">\nToplines Before US Market Open on Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-23 19:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Stock futures are bouncing between small gains and losses, indicating a quiet opening.</li>\n <li>Bitcoin, ethereum and other crypto currenciesrose Wednesday after a tumultous few daysof trading. The SEC meanwhile,delayed a decision about allowing bitcoin ETFs.</li>\n <li>Crude prices hit multiyear highs on economic rebound hopes,with signs pointing to a stronger rebound in the U.S.than the rest of the world.</li>\n <li>Torchlight Energy, a hot stock among the Reddit crowd, tumbled premarket, extending a 29% drop the day before.</li>\n <li>GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more made the biggest moves.</li>\n</ul>\n<p>(June 23)&nbsp;U.S. equity futures were steady, while stocks were mixed Wednesday as investors assessed prospects for an economic recovery and continued policy support.</p>\n<p>At 7:59AM ET the Dow futures contract was up just 17 points, or 0.05%, S&amp;P 500 futures traded 0.25 points, or 0.01%, lower, and Nasdaq 100 futures climbed 4.25&nbsp;points, or 0.03%.</p>\n<p><img src=\"https://static.tigerbbs.com/e352cd119b936c2cd0b2e789eff1776a\" tg-width=\"1242\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p>\n<p>Contracts on all three U.S. equity benchmarks were little changed, after two days of gains for the S&amp;P 500 Index. European equities fell despite better-than-forecast outputdata, after high-flying sectors such as luxury-goods makersslidon analyst downgrades. Asian equities advanced.</p>\n<p>Oil climbed above $73 a barrel after data signaling another decline in U.S. crude stockpiles added to a bullish outlook.</p>\n<p><img src=\"https://static.tigerbbs.com/292b831ab7a8ddca43fdc5432203af34\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Markets are steadying this week after last week’s volatility spurred by the Federal Reserve’s hawkish tilt at its meeting. Chair Jerome Powell on Tuesday said the central bank would be patient in waiting to lift borrowing costs, andreiteratedthat while price increases are bigger than expected, they will likely wane.</p>\n<p>The Fed’s shift last week to acknowledge higher inflation and pull forward its rate hike projections is “a reflection of more positive longer-term dynamics,” BlackRock Investment Institute strategists led by Jean Boivin wrote in a report. “We believe the Fed’s new outlook will not translate into significantly higher policy rates any time soon. This, combined with the powerful restart, underpins our pro-risk stance.”</p>\n<p>Elsewhere, commodities including copper and iron ore climbed.Bitcoinrebounded, rising past $30,000.</p>\n<p><b>Stocks making the biggest moves in the premarket: GlaxoSmithKline, MicroStrategy, Shake Shack &amp; more</b></p>\n<p><b>1)&nbsp;GlaxoSmithKline(GSK) </b>– The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.</p>\n<p><b>2)&nbsp;MicroStrategy(MSTR)</b> – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.</p>\n<p><b>3)&nbsp;Shake Shack(SHAK) </b>– Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.</p>\n<p><b>4)&nbsp;Winnebago(WGO) </b>– The recreational vehicle maker reported quarterly earnings of $2.16 per share, well above the consensus estimate of $1.77 a share. Revenue also topped Wall Street forecasts by doubling to record levels. Sales of towable products nearly tripled from a year earlier.</p>\n<p><b>5)&nbsp;Microsoft(MSFT) </b>– Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session.Apple(AAPL), currently worth $2.2 trillion, was the first.</p>\n<p><b>6)&nbsp;Carrier Global(CARR)</b> – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.</p>\n<p><b>7)&nbsp;Amazon.com(AMZN) </b>– Amazon will bethe target of a nationwide unionization effortby the Teamsters Union, which accuses the retail giant of mistreating warehouse and logistics workers. The effort was announced in a resolution presented at the union’s international convention.</p>\n<p><b>8)&nbsp;Intel(INTC)</b> – The semiconductor maker is creating two new business units, one that will focus on software and the other on high-performance computing and graphics.</p>\n<p><b>9)&nbsp;Alphabet(GOOGL)</b> – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.</p>\n<p><b>10)&nbsp;Xpeng(XPEV) </b>– Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 3.8% in the premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146629706","content_text":"Stock futures are bouncing between small gains and losses, indicating a quiet opening.\nBitcoin, ethereum and other crypto currenciesrose Wednesday after a tumultous few daysof trading. The SEC meanwhile,delayed a decision about allowing bitcoin ETFs.\nCrude prices hit multiyear highs on economic rebound hopes,with signs pointing to a stronger rebound in the U.S.than the rest of the world.\nTorchlight Energy, a hot stock among the Reddit crowd, tumbled premarket, extending a 29% drop the day before.\nGlaxoSmithKline, MicroStrategy, Shake Shack & more made the biggest moves.\n\n(June 23) U.S. equity futures were steady, while stocks were mixed Wednesday as investors assessed prospects for an economic recovery and continued policy support.\nAt 7:59AM ET the Dow futures contract was up just 17 points, or 0.05%, S&P 500 futures traded 0.25 points, or 0.01%, lower, and Nasdaq 100 futures climbed 4.25 points, or 0.03%.\n\nContracts on all three U.S. equity benchmarks were little changed, after two days of gains for the S&P 500 Index. European equities fell despite better-than-forecast outputdata, after high-flying sectors such as luxury-goods makersslidon analyst downgrades. Asian equities advanced.\nOil climbed above $73 a barrel after data signaling another decline in U.S. crude stockpiles added to a bullish outlook.\n\nMarkets are steadying this week after last week’s volatility spurred by the Federal Reserve’s hawkish tilt at its meeting. Chair Jerome Powell on Tuesday said the central bank would be patient in waiting to lift borrowing costs, andreiteratedthat while price increases are bigger than expected, they will likely wane.\nThe Fed’s shift last week to acknowledge higher inflation and pull forward its rate hike projections is “a reflection of more positive longer-term dynamics,” BlackRock Investment Institute strategists led by Jean Boivin wrote in a report. “We believe the Fed’s new outlook will not translate into significantly higher policy rates any time soon. This, combined with the powerful restart, underpins our pro-risk stance.”\nElsewhere, commodities including copper and iron ore climbed.Bitcoinrebounded, rising past $30,000.\nStocks making the biggest moves in the premarket: GlaxoSmithKline, MicroStrategy, Shake Shack & more\n1) GlaxoSmithKline(GSK) – The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company.\n2) MicroStrategy(MSTR) – MicroStrategy rallied 4.4% in premarket trading, trading in sync with the price of bitcoin. The business analytics company holds several billion dollars worth of bitcoin and took advantage of the recent price drop to buy more.\n3) Shake Shack(SHAK) – Shake Shack announced an expansion of its footprint in China, where it currently has 16 restaurants. It will open 10 restaurants in new territories by 2031, and plans to have a total of 79 China locations by that time. Shake Shack gained 1.5% in premarket action.\n4) Winnebago(WGO) – The recreational vehicle maker reported quarterly earnings of $2.16 per share, well above the consensus estimate of $1.77 a share. Revenue also topped Wall Street forecasts by doubling to record levels. Sales of towable products nearly tripled from a year earlier.\n5) Microsoft(MSFT) – Microsoft became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday’s session.Apple(AAPL), currently worth $2.2 trillion, was the first.\n6) Carrier Global(CARR) – Carrier shares rose 1.9% in the premarket after the stock was rated “buy” in new coverage at Deutsche Bank. The industrial equipment maker is poised to benefit from its exposure to non-residential construction as well as an increasing emphasis on indoor air quality, according to Deutsche Bank.\n7) Amazon.com(AMZN) – Amazon will bethe target of a nationwide unionization effortby the Teamsters Union, which accuses the retail giant of mistreating warehouse and logistics workers. The effort was announced in a resolution presented at the union’s international convention.\n8) Intel(INTC) – The semiconductor maker is creating two new business units, one that will focus on software and the other on high-performance computing and graphics.\n9) Alphabet(GOOGL) – Alphabet’s Google unit will soon face a lawsuit by a number of state attorneys general, according to a Reuters report. The suit – which could be filed as soon as next week – will accuse the company’s Google Play app store of violating antitrust law.\n10) Xpeng(XPEV) – Xpeng received permission from the Hong Kong Stock Exchange for an initial public offering there, with The Wall Street Journal reporting that the China-based electric car maker is planning to raise up to $2 billion with that offering. Xpeng is already listed in the U.S. with a market value of more than $30 billion. Xpeng jumped 3.8% in the premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129925969,"gmtCreate":1624353078451,"gmtModify":1703834194467,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129925969","repostId":"1129393435","repostType":4,"repost":{"id":"1129393435","pubTimestamp":1624346578,"share":"https://www.laohu8.com/m/news/1129393435?lang=&edition=full","pubTime":"2021-06-22 15:22","market":"us","language":"en","title":"Microsoft Stock Is Boss, But it Would Be Even Better Lower","url":"https://stock-news.laohu8.com/highlight/detail?id=1129393435","media":"InvestorPlace","summary":"MSFT stock owners are reaping the rewards of excellent management.\n\nThe stock market closed last wee","content":"<blockquote>\n MSFT stock owners are reaping the rewards of excellent management.\n</blockquote>\n<p>The stock market closed last week on a red note. The indices fell about 1% to close out a red week, but not for the<b>Nasdaq</b>. Stocks like<b>Microsoft</b>(NASDAQ:<b><u>MSFT</u></b>) did better than the rest. MSFT stock is one tick away from an all-time high.</p>\n<p>In fact, on Friday, it was higher than its prior closing high. Even though the stock has been on a tear, there isn’t extreme froth in it. That’s because management has been on point since Satya Nadella took over as CEO. Investors are reaping the rewards of a great adaptation strategy.</p>\n<p>Microsoft grew its revenues 70% in the last four years and doubled its net income. These are impressive statistics that somewhat justify the price action. I said “somewhat” on purpose because I am cautious up here.</p>\n<p>My reason for this is more extrinsic than Microsoft specific. I am confident that they will continue to fire on all cylinders. My concerns stem from the next six months of macroeconomic conditions.</p>\n<p><b>MSFT Stock and the Economy</b></p>\n<p>We have had QE and stimulus programs running so long and so strong that I expect a let down. This patient has been on the heaviest drugs available, and getting off them is going to be painful. The economy is doing very well thanks in large part to government aid.</p>\n<p>First, the Federal Reserve is providing extreme liquidity. Their asset repurchase programs infuse $1.4 trillion a year. Second, the White House is tripling that in direct aid to its citizens. These measures are ending and the stock market will miss their impact.</p>\n<p>In addition, we are in a weird inflation scenario. We all know that everything is more expensive than it’s ever been. Yet the CPI says otherwise, and the Fed is calling it transitory. I fear that there is something more sinister lurking. I don’t want to repeat the blindside of 2008, so it’s best to prep a bit.</p>\n<p><b>A Look at MSFT’s Chart</b></p>\n<p><img src=\"https://static.tigerbbs.com/10978bc08162a30ddbd9099ddc512015\" tg-width=\"1548\" tg-height=\"817\">My forecast is that there will be a spending crimp going into 2022. If I am right, the indices should suffer and MSFT stock will have to work within that. The rising wedge that it has delivered since the pandemic bottom is very steep. It is up almost 100% since then and 210% from 2018. Even though I am confident of the fundamental reasons it is up here, I am leery about the technical setup.</p>\n<p>When stocks breakout they often revisit prior necklines. In this case, it has three different major pivot zones. None of them would look pretty if they come to fruition.</p>\n<p>For the short term, I acknowledge the remaining potential upside. In the last six months, MSFT stock has had 15% rallies. Each faded half way before launching the next rally. This third one is still ongoing and could have another 6% left in it. Investors buying shares in size must be more confident about their timeline than I am.</p>\n<p><b>A Matter of Timing for MSFT Stock</b></p>\n<p>I understand the traditional long-term perspective, but that logic goes both ways. Patient investors often say that they aren’t trying to time entries. If so, then what’s the harm and waiting out a few ticks higher or lower?</p>\n<p>Call me crazy, but I’d rather start out on a positive note than to buy a top.</p>\n<p>MSFT stock has many strong support levels between here and the 2020 lows. I see buyers lurking in near $238 and $225 per share. Below that there is an even stronger consolidation zone through $200 per share. This stock would be a great buy if it goes there. The only scenario I have for that is if the whole market corrects.</p>\n<p>Meanwhile, it is imperative to take positions in tranches. Conviction should be lower than normal when the stock markets are this high. Being patient is prudent even if it means missing on some upside potential. In the long term, it works out better if we made smaller mistakes.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Stock Is Boss, But it Would Be Even Better Lower</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Stock Is Boss, But it Would Be Even Better Lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 15:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/msft-stock-microsoft-is-boss-but-even-better-lower/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MSFT stock owners are reaping the rewards of excellent management.\n\nThe stock market closed last week on a red note. The indices fell about 1% to close out a red week, but not for theNasdaq. Stocks ...</p>\n\n<a href=\"https://investorplace.com/2021/06/msft-stock-microsoft-is-boss-but-even-better-lower/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://investorplace.com/2021/06/msft-stock-microsoft-is-boss-but-even-better-lower/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129393435","content_text":"MSFT stock owners are reaping the rewards of excellent management.\n\nThe stock market closed last week on a red note. The indices fell about 1% to close out a red week, but not for theNasdaq. Stocks likeMicrosoft(NASDAQ:MSFT) did better than the rest. MSFT stock is one tick away from an all-time high.\nIn fact, on Friday, it was higher than its prior closing high. Even though the stock has been on a tear, there isn’t extreme froth in it. That’s because management has been on point since Satya Nadella took over as CEO. Investors are reaping the rewards of a great adaptation strategy.\nMicrosoft grew its revenues 70% in the last four years and doubled its net income. These are impressive statistics that somewhat justify the price action. I said “somewhat” on purpose because I am cautious up here.\nMy reason for this is more extrinsic than Microsoft specific. I am confident that they will continue to fire on all cylinders. My concerns stem from the next six months of macroeconomic conditions.\nMSFT Stock and the Economy\nWe have had QE and stimulus programs running so long and so strong that I expect a let down. This patient has been on the heaviest drugs available, and getting off them is going to be painful. The economy is doing very well thanks in large part to government aid.\nFirst, the Federal Reserve is providing extreme liquidity. Their asset repurchase programs infuse $1.4 trillion a year. Second, the White House is tripling that in direct aid to its citizens. These measures are ending and the stock market will miss their impact.\nIn addition, we are in a weird inflation scenario. We all know that everything is more expensive than it’s ever been. Yet the CPI says otherwise, and the Fed is calling it transitory. I fear that there is something more sinister lurking. I don’t want to repeat the blindside of 2008, so it’s best to prep a bit.\nA Look at MSFT’s Chart\nMy forecast is that there will be a spending crimp going into 2022. If I am right, the indices should suffer and MSFT stock will have to work within that. The rising wedge that it has delivered since the pandemic bottom is very steep. It is up almost 100% since then and 210% from 2018. Even though I am confident of the fundamental reasons it is up here, I am leery about the technical setup.\nWhen stocks breakout they often revisit prior necklines. In this case, it has three different major pivot zones. None of them would look pretty if they come to fruition.\nFor the short term, I acknowledge the remaining potential upside. In the last six months, MSFT stock has had 15% rallies. Each faded half way before launching the next rally. This third one is still ongoing and could have another 6% left in it. Investors buying shares in size must be more confident about their timeline than I am.\nA Matter of Timing for MSFT Stock\nI understand the traditional long-term perspective, but that logic goes both ways. Patient investors often say that they aren’t trying to time entries. If so, then what’s the harm and waiting out a few ticks higher or lower?\nCall me crazy, but I’d rather start out on a positive note than to buy a top.\nMSFT stock has many strong support levels between here and the 2020 lows. I see buyers lurking in near $238 and $225 per share. Below that there is an even stronger consolidation zone through $200 per share. This stock would be a great buy if it goes there. The only scenario I have for that is if the whole market corrects.\nMeanwhile, it is imperative to take positions in tranches. Conviction should be lower than normal when the stock markets are this high. Being patient is prudent even if it means missing on some upside potential. In the long term, it works out better if we made smaller mistakes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129922945,"gmtCreate":1624353040987,"gmtModify":1703834193329,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Yu&nbsp;","listText":"Yu&nbsp;","text":"Yu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129922945","repostId":"1195801914","repostType":4,"repost":{"id":"1195801914","pubTimestamp":1624346913,"share":"https://www.laohu8.com/m/news/1195801914?lang=&edition=full","pubTime":"2021-06-22 15:28","market":"us","language":"en","title":"A Broad Bipartisan Infrastructure Deal Is Unlikely: Goldman","url":"https://stock-news.laohu8.com/highlight/detail?id=1195801914","media":"zerohedge","summary":"In its latest Q&A assessment of the state of US fiscal policy, Goldman's economics team writes that ","content":"<p>In its latest Q&amp;A assessment of the state of US fiscal policy, Goldman's economics team writes that while it \"still looks broadly on track to meet our expectations, risks continue to tilt in the direction of a smaller spending boost and smaller tax hike than the roughly $3 trillion and $1.5 trillion over ten years that we expect.\" The bank then notes that \"while a bipartisan deal on a broad infrastructure package cannot be ruled out, we continue to think the odds are against it, as there seems to be little agreement on financing it.\" Instead, Goldman expects Congress to pass a narrower infrastructure package focused mainly on transportation. If so, expect congressional Democrats to begin moving a broader fiscal package under the reconciliation process.</p>\n<p>Reading recent headlines, one would be left with the impression of a wide range of spending outcomes – a boost of a few hundred billion to as much as $6 trillion over ten years – but the range of outcomes is not as wide as these figures imply. Most of the “traditional” infrastructure President Biden has proposed looks likely to pass, along with substantial R&amp;D spending and renewal of personal tax credits that expire at year end. Together, these cost around 1% of GDP on an annual basis over the next few years. The remainder of the Biden agenda might boost spending by another1% of GDP, but Congress is expected to pare these proposals considerably.</p>\n<p>Meanwhile, tax increases also still look likely, assuming that Democrats pass legislation using the reconciliation process. That's why Goldman has not changed its views much in this area, and still expects<b>the corporate tax rate to settle around 25% along with more incremental versions of the international tax changes Biden has proposed.</b>A capital gains rate increase is a close call, but a 28%capital gains rate is slightly more likely than the status quo.</p>\n<p>Finally, the likely timing of fiscal action has also changed more noticeably,<b>with likely enactment slipping from mid/late Q3 to Q4.</b>This is due in large part to the continuation of bipartisan negotiations for longer than we had expected, which has led congressional Democratic leaders to delay the first procedural steps necessary to pass a reconciliation bill.</p>\n<p><i>Below we republish the key aspects of Goldman's FIscal Policy Status Check Q&amp;A:</i></p>\n<p><i>Q: Will there be a bipartisan deal on a broad infrastructure bill?</i></p>\n<p><b>A broad bipartisan infrastructure package still looks somewhat unlikely to us.</b>Negotiations in the Senate have progressed and the odds have increased somewhat that a bipartisan bill covering many areas in President Biden’s program might pass. However, we still think there are obstacles to a broad deal and expect that most of the fiscal boost Congress approves this year will come through a reconciliation bill that passes with only Democratic support.</p>\n<p>Unsurprisingly, there appears to be the most agreement on boosting traditional infrastructure spending. As shown in Exhibit 1, the current Senate bipartisan proposal comes close to matching the White House proposal in most areas of transportation infrastructure.</p>\n<p>More controversial is how to address non-traditional infrastructure and how to finance the cost of any new spending. The latest bipartisan effort appears to have made some inroads on the former. It includes $65bn for broadband, which falls short of the roughly $100bn that the White House proposed but it would be the greatest federal investment to date and seems close enough to the Democratic target that this issue alone looks unlikely to hold up an agreement.</p>\n<p><img src=\"https://static.tigerbbs.com/70d0d7b968b10f5764ef17cd3c787d53\" tg-width=\"944\" tg-height=\"1186\"></p>\n<p>Other areas of non-traditional infrastructure in bipartisan discussions are much farther away from White House goals. Senate Republicans look unlikely to support substantial funding for electric vehicles or construction of affordable housing, for example. Clean energy is more of a gray area; Congress has previously approved, on a bipartisan basis, a number of different incentives for energy efficiency and renewable energy like wind, solar, and biofuels. However, the program President Biden proposes is on a much larger scale than existing subsidies and the latest bipartisan proposal includes only a fraction of what the White House is seeking in this area.</p>\n<p>The greatest obstacle to prior political efforts at enacting an infrastructure program has been financing it. Here, there appears to have been much less progress (Exhibit 2). Each side has drawn lines they seem unlikely to cross: most Republicans oppose reversing any of the 2017 tax law or otherwise increasing income taxes—corporate or personal—to pay for the proposal. Most Democrats, including the White House, have ruled out increasing the user fees that finance most current infrastructure spending and appear uninterested in redirecting unspent COVID-relief funds.</p>\n<p><img src=\"https://static.tigerbbs.com/9578698f5c5efa5311cc0e31be31f715\" tg-width=\"939\" tg-height=\"509\">The most likely area of overlapping support is closing the “tax gap” through greater enforcement of existing tax laws, but even this faces challenges. Congressional estimates of the potential revenue gain from closing the tax gap are much smaller than the Administration’s. The Congressional Budget Office estimated in 2020 that increasing IRS funding by $20 billion over ten years would produce $60bn in additional revenue, while a $40bn increase would raise $103bn (i.e., the first $20bn bump would raise $3 for each dollar spent, while the next $20bn bump in funding would raise only $2 for each dollar of extra spending). While it is possible that CBO might revise its estimate in light of arguments from the Administration, or that Republicans might agree to policies beyond an IRS funding increase, it seems unlikely that additional IRS funding would come anywhere close to covering the cost of an infrastructure proposal, at least according to the official estimate that Congress will rely on.</p>\n<p>In our view, the only way that Congress will reach a bipartisan agreement on a broad infrastructure package is if lawmakers decide not to offset the new spending with savings elsewhere. So far, the White House and congressional Republicans have insisted that the bill should be paid for.</p>\n<p><i>Q: Without a bipartisan deal, what happens with infrastructure legislation?</i></p>\n<p><b>If a broad bipartisan deal fails, a narrow one is likely to pass.</b>While a broad bipartisan agreement covering several aspects of the Biden proposal looks difficult to achieve, a narrower deal that primarily boosts transportation infrastructure looks likely to become law, for three reasons.</p>\n<p>First, federal programs for most areas of traditional infrastructure—highways, public transit, rail, airports, waterways and drinking/ wastewater—already exist. The largest of them, which are collectively funded by the Highway Trust Fund (HTF), expire September 30. Traditionally, Congress reauthorizes these programs in five-year increments,sometimes after one or more short-term extensions until lawmakers reach agreement.The legislation to renew these programs cannot pass via the reconciliation process, soDemocrats will need Republican support for any short- or long-term extension. Theupshot is that it is nearly certain that some type of infrastructure legislation passes on abipartisan basis to avoid a lapse in the programs.</p>\n<p>Second, some progressive Democrats seem likely to oppose an infrastructure bill that does not include substantial new policies related to climate and clean energy. Without their votes, greater support among congressional Republicans in the House and Senate would be necessary. To win greater support, the bill might need to narrow its scope further, to the point that it mainly extends existing infrastructure spending programs.</p>\n<p>Third, financing a narrow infrastructure deal would not be nearly as difficult as financing the sort of bill currently under discussion. Existing transportation infrastructure programs already have dedicated revenue streams that fund most of their spending. Financing an incremental boost in spending on existing programs would be far easier than finding bipartisan agreement on several hundred billion dollars in new revenue or spending cuts.</p>\n<p><i>Q: What difference does it make if Congress reaches a bipartisan deal on infrastructure?</i></p>\n<p><b>A broad bipartisan infrastructure bill could reduce the odds that the rest of the Biden fiscal agenda becomes law</b>. A broader bipartisan deal that overlaps with many areas of the Biden proposal could reduce centrist Democratic support for passing subsequent fiscal legislation through the reconciliation process. If this occurred, the spending boost over the next few years might be smaller than we have been expecting but corporate and capital gains taxes would also be less likely to increase.</p>\n<p>By contrast, a narrower bipartisan deal limited to traditional infrastructure would still leave the door open for Democrats to pass a separate fiscal package through the reconciliation process that addresses much of the remainder of President Biden’s proposals. Relative to the scenario in which Congress passes a broad bipartisan infrastructure deal, passing a narrow transportation bill followed by a separate reconciliation bill would likely result in a greater overall increase in spending, partly offset by tax increases.</p>\n<p><i>Q: What are the risks around spending levels under the different scenarios?</i></p>\n<p><b>Congress seems very likely to approve spending and tax benefits equal to at least 1% of GDP over the next few years, but unlikely to go beyond 2% of GDP.</b>Headlines regarding fiscal proposals over the last few weeks have run the gamut from a boost of only a few hundred billion at the low end (the Republican infrastructure proposal) to $6 trillion over ten years at the high end (the reported spending total Senate Democrats are considering).</p>\n<p><img src=\"https://static.tigerbbs.com/c29c240e9afe9bc1a84d4f359152bb57\" tg-width=\"937\" tg-height=\"675\">However, these large figures overstate the range of realistic scenarios. At a minimum, we expect Congress to enact three sets of policies this year: the infrastructure proposals that already have bipartisan support, the R&amp;D and manufacturing incentives that recently passed the Senate, and extension of the personal tax credits that Congress approved earlier this year. As Exhibit 3 shows, these policies would total around 1% of GDP by 2023, and would cost about $1.6 trillion over the next ten years. At this point, it is difficult to imagine Congress approving less this year.</p>\n<p>At the other end of the range of outcomes, it seems unlikely that Congress will enact spending worth more than 2% of GDP on an annual basis. As shown in Exhibit 3, Congress would need to pass nearly all of President Biden’s proposals to reach this level, or around $4.25 trillion over the next ten years.</p>\n<p>The uncertainty is mainly related to new benefits for child care, education, and paid leave under the “American Families Plan” as well as the remaining areas of infrastructure that any sort of bipartisan infrastructure deal would likely omit. These areas depend most on the use of budget reconciliation legislation, as it seems very unlikely that any of the proposals would attract much Republican support.</p>\n<p>That said, even if Congress enacts nearly all of President Biden’s proposed policies, fiscal support will diminish substantially from 2021 to 2022. Exhibit 4 shows the deficit effect of legislation enacted since the pandemic began, as well as the fiscal effects of President Biden’s proposals using our own categorization.</p>\n<p><img src=\"https://static.tigerbbs.com/812bd47cecb22835bb2a223a3ddecb8f\" tg-width=\"925\" tg-height=\"620\"><i>Q: How much will legislation this year increase spending?</i></p>\n<p><b>We think the overall boost could amount to $2.5 to $3 trillion over the next ten years.</b>Assuming congressional Democrats take advantage of the reconciliation process to pass fiscal legislation, there will still be two constraints on the amount of additional spending Congress might approve.</p>\n<p>Centrist Democrats in the House and Senate are likely to object to legislation that raises the deficit substantially over the next ten years. This will become relevant in the next few weeks, when Congress considers its budget resolution. To use the reconciliation process, the resolution must include instructions to the relevant committees to increase the deficit (or alternatively to increase spending and increase taxes) by specific amounts. The deficit impact of the reconciliation bill that follows will be limited to those amounts. It is extremely unlikely that any Republicans will vote for the Democratic budget resolution, so every Democratic senator and virtually every Democratic member of the House will need to vote for the resolution. It is not yet clear how much deficit expansion Democrats will be willing to support, but we expect centrist Democrats to draw the line at somewhere around $1 trillion. For context, President Biden’s recent budget submission to Congress proposed increasing the deficit by $800bn over the next ten years.</p>\n<p>Assuming a limit on the overall amount of deficit expansion, the amount of tax increases and other budgetary savings that lawmakers can agree to will determine how much they can increase spending. At the moment, we expect that Congress might be able to agree on around $1.5 trillion in budgetary savings, nearly all of which could come from tax increases, as discussed later. If so, a reconciliation bill would be limited to around $2.5 trillion in new spending. However, we expect that some additional spending might be approved as part of other legislation. The American Innovation and Competitiveness Act that recently passed the Senate would authorize up to $250bn in spending (around $200bn of this appears to be new money that does not overlap with existing spending). Most of the proposals are similar to policies in President Biden’s American Jobs Plan. However, much of this spending would depend on future Congresses to appropriate, making the overall amount somewhat uncertain. Similarly, a narrow infrastructure bill that passes separately from the larger reconciliation bill might add somewhat to the total. Overall, if Congress approves a reconciliation bill of around $2.5 trillion over ten years, this suggests a total bump to spending approaching $3 trillion over that period.</p>\n<p><i>Q: Will taxes increase?</i></p>\n<p><b>Assuming Congress passes any legislation using the reconciliation process, tax increases still seem likely.</b>Any bipartisan agreement on infrastructure or competitiveness is unlikely to include meaningful tax increases. If those bills pass and reduce support for subsequent reconciliation legislation, it is conceivable that Congress could fail to enact any tax increases this year, or before the mid-term election in 2022. However, this scenario looks fairly unlikely.</p>\n<p>Instead, we assume that Congress will pass around $1.5 trillion in tax increases over the next ten years, as outlined in Exhibit 5. A corporate tax increase still seems fairly likely, in our view, with a rate of around 25%. Some of the other international corporate provisions the Biden Administration has proposed also look likely to pass, though we expect the specifics to diverge from the Treasury proposals. Despite the recent attention a global minimum tax has received, we expect Congress to focus instead on revising the existing GILTI tax, which serves a similar purpose. We do not expect Congress to pass the separate minimum tax on book income that the Administration has proposed, as it looks unlikely to win unanimous support among Democrats and would add complexity without generating substantial revenue.</p>\n<p>On the individual side, we continue to believe a capital gains tax increase is slightly more likely than not, though we expect it would rise only to 28% rather than the ordinary income tax rate. It also seems fairly unlikely that Congress will adopt the Administration’s proposal that unrealized capital gains should be taxed at death, as there has already been pushback among centrist Democrats against the concept.</p>\n<p><img src=\"https://static.tigerbbs.com/4ce834610ea19589696b1afcd4ca32a3\" tg-width=\"1064\" tg-height=\"1379\"></p>\n<p><i>Q: When will all of this happen?</i></p>\n<p><b>We expect a budget resolution to pass in July, a narrow infrastructure bill in September, and reconciliation legislation in Q4.</b>As noted earlier, before they use the budget reconciliation legislation to pass a fiscal package, congressional Democrats will first need to pass a budget resolution. We expect the details to become clear over the next few weeks, with passage ahead of the congressional recess that starts August 6.</p>\n<p>In September, we expect Congress to focus on other issues. First, some type of infrastructure legislation seems likely to pass by late September ahead of the Sep. 30 expiration of the highway program. A short-term extension is possible absent an agreement on a long-term extension.</p>\n<p>Second, Congress will need to extend spending authority for the rest of the federal government past September 30, the end of the fiscal year. At this point, a short-term continuing resolution looks likely, which will leave longer-term decisions until late in the year. The risk of a government shutdown around this deadline is low, in our view.</p>\n<p>Third, Congress will need to address the debt limit. We expect that Congress will need to raise the limit by early October, with a chance it might need to be raised in September. In theory, this could be done as part of a reconciliation bill (either the large reconciliation package we expect Congress to consider, or a standalone bill dealing with just the debt limit). However, the debt limit cannot be suspended under the reconciliation process, only raised, and this would involve specifying an explicit and very large dollar amount. Instead, we expect Democratic leaders to pass a debt limit suspension along with the extension of spending authority, though other scenarios are clearly possible.</p>\n<p>With those issues out of the way, we expect congressional Democrats to attempt to finalize a fiscal package in Q4. It is possible that the legislation could be ready for a vote as early as October. However, since essentially every Democrat in both chambers of Congress will need to agree, reaching a final political compromise could take longer. It is entirely possible that it takes until December for Congress to finalize the fiscal package, ahead of the holiday recess at year-end.</p>","source":"lsy1583725640930","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>A Broad Bipartisan Infrastructure Deal Is Unlikely: Goldman</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\">\nA Broad Bipartisan Infrastructure Deal Is Unlikely: Goldman\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 15:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/broad-bipartisan-infrastructure-deal-unlikely-goldman><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In its latest Q&A assessment of the state of US fiscal policy, Goldman's economics team writes that while it \"still looks broadly on track to meet our expectations, risks continue to tilt in the ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/broad-bipartisan-infrastructure-deal-unlikely-goldman\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/broad-bipartisan-infrastructure-deal-unlikely-goldman","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195801914","content_text":"In its latest Q&A assessment of the state of US fiscal policy, Goldman's economics team writes that while it \"still looks broadly on track to meet our expectations, risks continue to tilt in the direction of a smaller spending boost and smaller tax hike than the roughly $3 trillion and $1.5 trillion over ten years that we expect.\" The bank then notes that \"while a bipartisan deal on a broad infrastructure package cannot be ruled out, we continue to think the odds are against it, as there seems to be little agreement on financing it.\" Instead, Goldman expects Congress to pass a narrower infrastructure package focused mainly on transportation. If so, expect congressional Democrats to begin moving a broader fiscal package under the reconciliation process.\nReading recent headlines, one would be left with the impression of a wide range of spending outcomes – a boost of a few hundred billion to as much as $6 trillion over ten years – but the range of outcomes is not as wide as these figures imply. Most of the “traditional” infrastructure President Biden has proposed looks likely to pass, along with substantial R&D spending and renewal of personal tax credits that expire at year end. Together, these cost around 1% of GDP on an annual basis over the next few years. The remainder of the Biden agenda might boost spending by another1% of GDP, but Congress is expected to pare these proposals considerably.\nMeanwhile, tax increases also still look likely, assuming that Democrats pass legislation using the reconciliation process. That's why Goldman has not changed its views much in this area, and still expectsthe corporate tax rate to settle around 25% along with more incremental versions of the international tax changes Biden has proposed.A capital gains rate increase is a close call, but a 28%capital gains rate is slightly more likely than the status quo.\nFinally, the likely timing of fiscal action has also changed more noticeably,with likely enactment slipping from mid/late Q3 to Q4.This is due in large part to the continuation of bipartisan negotiations for longer than we had expected, which has led congressional Democratic leaders to delay the first procedural steps necessary to pass a reconciliation bill.\nBelow we republish the key aspects of Goldman's FIscal Policy Status Check Q&A:\nQ: Will there be a bipartisan deal on a broad infrastructure bill?\nA broad bipartisan infrastructure package still looks somewhat unlikely to us.Negotiations in the Senate have progressed and the odds have increased somewhat that a bipartisan bill covering many areas in President Biden’s program might pass. However, we still think there are obstacles to a broad deal and expect that most of the fiscal boost Congress approves this year will come through a reconciliation bill that passes with only Democratic support.\nUnsurprisingly, there appears to be the most agreement on boosting traditional infrastructure spending. As shown in Exhibit 1, the current Senate bipartisan proposal comes close to matching the White House proposal in most areas of transportation infrastructure.\nMore controversial is how to address non-traditional infrastructure and how to finance the cost of any new spending. The latest bipartisan effort appears to have made some inroads on the former. It includes $65bn for broadband, which falls short of the roughly $100bn that the White House proposed but it would be the greatest federal investment to date and seems close enough to the Democratic target that this issue alone looks unlikely to hold up an agreement.\n\nOther areas of non-traditional infrastructure in bipartisan discussions are much farther away from White House goals. Senate Republicans look unlikely to support substantial funding for electric vehicles or construction of affordable housing, for example. Clean energy is more of a gray area; Congress has previously approved, on a bipartisan basis, a number of different incentives for energy efficiency and renewable energy like wind, solar, and biofuels. However, the program President Biden proposes is on a much larger scale than existing subsidies and the latest bipartisan proposal includes only a fraction of what the White House is seeking in this area.\nThe greatest obstacle to prior political efforts at enacting an infrastructure program has been financing it. Here, there appears to have been much less progress (Exhibit 2). Each side has drawn lines they seem unlikely to cross: most Republicans oppose reversing any of the 2017 tax law or otherwise increasing income taxes—corporate or personal—to pay for the proposal. Most Democrats, including the White House, have ruled out increasing the user fees that finance most current infrastructure spending and appear uninterested in redirecting unspent COVID-relief funds.\nThe most likely area of overlapping support is closing the “tax gap” through greater enforcement of existing tax laws, but even this faces challenges. Congressional estimates of the potential revenue gain from closing the tax gap are much smaller than the Administration’s. The Congressional Budget Office estimated in 2020 that increasing IRS funding by $20 billion over ten years would produce $60bn in additional revenue, while a $40bn increase would raise $103bn (i.e., the first $20bn bump would raise $3 for each dollar spent, while the next $20bn bump in funding would raise only $2 for each dollar of extra spending). While it is possible that CBO might revise its estimate in light of arguments from the Administration, or that Republicans might agree to policies beyond an IRS funding increase, it seems unlikely that additional IRS funding would come anywhere close to covering the cost of an infrastructure proposal, at least according to the official estimate that Congress will rely on.\nIn our view, the only way that Congress will reach a bipartisan agreement on a broad infrastructure package is if lawmakers decide not to offset the new spending with savings elsewhere. So far, the White House and congressional Republicans have insisted that the bill should be paid for.\nQ: Without a bipartisan deal, what happens with infrastructure legislation?\nIf a broad bipartisan deal fails, a narrow one is likely to pass.While a broad bipartisan agreement covering several aspects of the Biden proposal looks difficult to achieve, a narrower deal that primarily boosts transportation infrastructure looks likely to become law, for three reasons.\nFirst, federal programs for most areas of traditional infrastructure—highways, public transit, rail, airports, waterways and drinking/ wastewater—already exist. The largest of them, which are collectively funded by the Highway Trust Fund (HTF), expire September 30. Traditionally, Congress reauthorizes these programs in five-year increments,sometimes after one or more short-term extensions until lawmakers reach agreement.The legislation to renew these programs cannot pass via the reconciliation process, soDemocrats will need Republican support for any short- or long-term extension. Theupshot is that it is nearly certain that some type of infrastructure legislation passes on abipartisan basis to avoid a lapse in the programs.\nSecond, some progressive Democrats seem likely to oppose an infrastructure bill that does not include substantial new policies related to climate and clean energy. Without their votes, greater support among congressional Republicans in the House and Senate would be necessary. To win greater support, the bill might need to narrow its scope further, to the point that it mainly extends existing infrastructure spending programs.\nThird, financing a narrow infrastructure deal would not be nearly as difficult as financing the sort of bill currently under discussion. Existing transportation infrastructure programs already have dedicated revenue streams that fund most of their spending. Financing an incremental boost in spending on existing programs would be far easier than finding bipartisan agreement on several hundred billion dollars in new revenue or spending cuts.\nQ: What difference does it make if Congress reaches a bipartisan deal on infrastructure?\nA broad bipartisan infrastructure bill could reduce the odds that the rest of the Biden fiscal agenda becomes law. A broader bipartisan deal that overlaps with many areas of the Biden proposal could reduce centrist Democratic support for passing subsequent fiscal legislation through the reconciliation process. If this occurred, the spending boost over the next few years might be smaller than we have been expecting but corporate and capital gains taxes would also be less likely to increase.\nBy contrast, a narrower bipartisan deal limited to traditional infrastructure would still leave the door open for Democrats to pass a separate fiscal package through the reconciliation process that addresses much of the remainder of President Biden’s proposals. Relative to the scenario in which Congress passes a broad bipartisan infrastructure deal, passing a narrow transportation bill followed by a separate reconciliation bill would likely result in a greater overall increase in spending, partly offset by tax increases.\nQ: What are the risks around spending levels under the different scenarios?\nCongress seems very likely to approve spending and tax benefits equal to at least 1% of GDP over the next few years, but unlikely to go beyond 2% of GDP.Headlines regarding fiscal proposals over the last few weeks have run the gamut from a boost of only a few hundred billion at the low end (the Republican infrastructure proposal) to $6 trillion over ten years at the high end (the reported spending total Senate Democrats are considering).\nHowever, these large figures overstate the range of realistic scenarios. At a minimum, we expect Congress to enact three sets of policies this year: the infrastructure proposals that already have bipartisan support, the R&D and manufacturing incentives that recently passed the Senate, and extension of the personal tax credits that Congress approved earlier this year. As Exhibit 3 shows, these policies would total around 1% of GDP by 2023, and would cost about $1.6 trillion over the next ten years. At this point, it is difficult to imagine Congress approving less this year.\nAt the other end of the range of outcomes, it seems unlikely that Congress will enact spending worth more than 2% of GDP on an annual basis. As shown in Exhibit 3, Congress would need to pass nearly all of President Biden’s proposals to reach this level, or around $4.25 trillion over the next ten years.\nThe uncertainty is mainly related to new benefits for child care, education, and paid leave under the “American Families Plan” as well as the remaining areas of infrastructure that any sort of bipartisan infrastructure deal would likely omit. These areas depend most on the use of budget reconciliation legislation, as it seems very unlikely that any of the proposals would attract much Republican support.\nThat said, even if Congress enacts nearly all of President Biden’s proposed policies, fiscal support will diminish substantially from 2021 to 2022. Exhibit 4 shows the deficit effect of legislation enacted since the pandemic began, as well as the fiscal effects of President Biden’s proposals using our own categorization.\nQ: How much will legislation this year increase spending?\nWe think the overall boost could amount to $2.5 to $3 trillion over the next ten years.Assuming congressional Democrats take advantage of the reconciliation process to pass fiscal legislation, there will still be two constraints on the amount of additional spending Congress might approve.\nCentrist Democrats in the House and Senate are likely to object to legislation that raises the deficit substantially over the next ten years. This will become relevant in the next few weeks, when Congress considers its budget resolution. To use the reconciliation process, the resolution must include instructions to the relevant committees to increase the deficit (or alternatively to increase spending and increase taxes) by specific amounts. The deficit impact of the reconciliation bill that follows will be limited to those amounts. It is extremely unlikely that any Republicans will vote for the Democratic budget resolution, so every Democratic senator and virtually every Democratic member of the House will need to vote for the resolution. It is not yet clear how much deficit expansion Democrats will be willing to support, but we expect centrist Democrats to draw the line at somewhere around $1 trillion. For context, President Biden’s recent budget submission to Congress proposed increasing the deficit by $800bn over the next ten years.\nAssuming a limit on the overall amount of deficit expansion, the amount of tax increases and other budgetary savings that lawmakers can agree to will determine how much they can increase spending. At the moment, we expect that Congress might be able to agree on around $1.5 trillion in budgetary savings, nearly all of which could come from tax increases, as discussed later. If so, a reconciliation bill would be limited to around $2.5 trillion in new spending. However, we expect that some additional spending might be approved as part of other legislation. The American Innovation and Competitiveness Act that recently passed the Senate would authorize up to $250bn in spending (around $200bn of this appears to be new money that does not overlap with existing spending). Most of the proposals are similar to policies in President Biden’s American Jobs Plan. However, much of this spending would depend on future Congresses to appropriate, making the overall amount somewhat uncertain. Similarly, a narrow infrastructure bill that passes separately from the larger reconciliation bill might add somewhat to the total. Overall, if Congress approves a reconciliation bill of around $2.5 trillion over ten years, this suggests a total bump to spending approaching $3 trillion over that period.\nQ: Will taxes increase?\nAssuming Congress passes any legislation using the reconciliation process, tax increases still seem likely.Any bipartisan agreement on infrastructure or competitiveness is unlikely to include meaningful tax increases. If those bills pass and reduce support for subsequent reconciliation legislation, it is conceivable that Congress could fail to enact any tax increases this year, or before the mid-term election in 2022. However, this scenario looks fairly unlikely.\nInstead, we assume that Congress will pass around $1.5 trillion in tax increases over the next ten years, as outlined in Exhibit 5. A corporate tax increase still seems fairly likely, in our view, with a rate of around 25%. Some of the other international corporate provisions the Biden Administration has proposed also look likely to pass, though we expect the specifics to diverge from the Treasury proposals. Despite the recent attention a global minimum tax has received, we expect Congress to focus instead on revising the existing GILTI tax, which serves a similar purpose. We do not expect Congress to pass the separate minimum tax on book income that the Administration has proposed, as it looks unlikely to win unanimous support among Democrats and would add complexity without generating substantial revenue.\nOn the individual side, we continue to believe a capital gains tax increase is slightly more likely than not, though we expect it would rise only to 28% rather than the ordinary income tax rate. It also seems fairly unlikely that Congress will adopt the Administration’s proposal that unrealized capital gains should be taxed at death, as there has already been pushback among centrist Democrats against the concept.\n\nQ: When will all of this happen?\nWe expect a budget resolution to pass in July, a narrow infrastructure bill in September, and reconciliation legislation in Q4.As noted earlier, before they use the budget reconciliation legislation to pass a fiscal package, congressional Democrats will first need to pass a budget resolution. We expect the details to become clear over the next few weeks, with passage ahead of the congressional recess that starts August 6.\nIn September, we expect Congress to focus on other issues. First, some type of infrastructure legislation seems likely to pass by late September ahead of the Sep. 30 expiration of the highway program. A short-term extension is possible absent an agreement on a long-term extension.\nSecond, Congress will need to extend spending authority for the rest of the federal government past September 30, the end of the fiscal year. At this point, a short-term continuing resolution looks likely, which will leave longer-term decisions until late in the year. The risk of a government shutdown around this deadline is low, in our view.\nThird, Congress will need to address the debt limit. We expect that Congress will need to raise the limit by early October, with a chance it might need to be raised in September. In theory, this could be done as part of a reconciliation bill (either the large reconciliation package we expect Congress to consider, or a standalone bill dealing with just the debt limit). However, the debt limit cannot be suspended under the reconciliation process, only raised, and this would involve specifying an explicit and very large dollar amount. Instead, we expect Democratic leaders to pass a debt limit suspension along with the extension of spending authority, though other scenarios are clearly possible.\nWith those issues out of the way, we expect congressional Democrats to attempt to finalize a fiscal package in Q4. It is possible that the legislation could be ready for a vote as early as October. However, since essentially every Democrat in both chambers of Congress will need to agree, reaching a final political compromise could take longer. It is entirely possible that it takes until December for Congress to finalize the fiscal package, ahead of the holiday recess at year-end.","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129926249,"gmtCreate":1624353020181,"gmtModify":1703834192839,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Yes&nbsp;","listText":"Yes&nbsp;","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129926249","repostId":"1129553884","repostType":4,"repost":{"id":"1129553884","pubTimestamp":1624349728,"share":"https://www.laohu8.com/m/news/1129553884?lang=&edition=full","pubTime":"2021-06-22 16:15","market":"us","language":"en","title":"Here are Bank of America’s top internet stock picks for the second half","url":"https://stock-news.laohu8.com/highlight/detail?id=1129553884","media":"cnbc","summary":"It has been a disappointing first half of the year for tech stocks, but Bank of America is bullish o","content":"<div>\n<p>It has been a disappointing first half of the year for tech stocks, but Bank of America is bullish on some of the biggest names in the space over the next six months.\nTheNasdaq Compositehas lagged ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/top-picks-bank-of-americas-favorite-internet-stocks-for-second-half.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here are Bank of America’s top internet stock picks for the second half</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere are Bank of America’s top internet stock picks for the second half\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/top-picks-bank-of-americas-favorite-internet-stocks-for-second-half.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It has been a disappointing first half of the year for tech stocks, but Bank of America is bullish on some of the biggest names in the space over the next six months.\nTheNasdaq Compositehas lagged ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/top-picks-bank-of-americas-favorite-internet-stocks-for-second-half.html\">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","AMZN":"亚马逊","FVRR":"Fiverr International Ltd.","VRM":"Vroom, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/top-picks-bank-of-americas-favorite-internet-stocks-for-second-half.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129553884","content_text":"It has been a disappointing first half of the year for tech stocks, but Bank of America is bullish on some of the biggest names in the space over the next six months.\nTheNasdaq Compositehas lagged theS&P 500in 2021, and theInvesco QQQ Trusthas gained about 9% — a significant cooldown from 2020.\nBank of America tech analysts Justin Post and Nat Schindler released on Monday a preview of the second half of the year, saying in a note to clients that the themes tech investors need to watch are the economic reopening, regulation and interest rates.\nBank of America’s favorite play among the so-called FANG stocks is Google-parentAlphabet, with the firm saying the economic reopening is a potential benefit for the company.\n“We favor more cyclical companies in our sector (GOOG,BKNG,EXPE) for reopening in 2021 (and have had mixed YTD results),” the note said. The firm also pointed to Alphabet and Booking as stocks that should benefit from rising rates.\nThe firm has a price target of $2,755 per share for Alphabet. The tech giant’s shares ended Friday at $2,402.22 and traded around $2,428 on Monday.\nBank of America is also bullish onAmazon, with a price target of $4,360 per share. Shares of the e-commerce giant closed at $3,486.90 on Friday. The dipped slightly on Monday to about $3,467.\n“We think Amazon is set up for improving 2H sentiment as tougher eCommerce comps pass, concerns on the Bezos change, labor shortages & added fulfilment investment fade, and Cloud possibly accelerates,” the note said.\nThe firm also has favorites among smaller stocks.\n“Our top [small and mid] cap picks areFiverrandVroomwhich have exposure to labor and auto shortages,” the note said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129926884,"gmtCreate":1624352997648,"gmtModify":1703834192677,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Super&nbsp;","listText":"Super&nbsp;","text":"Super","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129926884","repostId":"1189857510","repostType":4,"isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129928717,"gmtCreate":1624352974339,"gmtModify":1703834192188,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Strategic&nbsp;","listText":"Strategic&nbsp;","text":"Strategic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129928717","repostId":"2145035785","repostType":4,"repost":{"id":"2145035785","pubTimestamp":1624351500,"share":"https://www.laohu8.com/m/news/2145035785?lang=&edition=full","pubTime":"2021-06-22 16:45","market":"us","language":"en","title":"Robinhood Traders Keep Buying These Stocks, What do the Pros Say About Them?","url":"https://stock-news.laohu8.com/highlight/detail?id=2145035785","media":"TipRanks","summary":"Since the outset of the COVID-19 pandemic in early 2020, the stock market has embarked on a journey ","content":"<div>\n<p>Since the outset of the COVID-19 pandemic in early 2020, the stock market has embarked on a journey with ups and downs, the likes of which had been unprecedented. As the saga goes, the virus set in, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-traders-keep-buying-stocks-125038479.html\">Web Link</a>\n\n</div>\n","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood Traders Keep Buying These Stocks, What do the Pros Say About Them?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood Traders Keep Buying These Stocks, What do the Pros Say About Them?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/robinhood-traders-keep-buying-stocks-125038479.html><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since the outset of the COVID-19 pandemic in early 2020, the stock market has embarked on a journey with ups and downs, the likes of which had been unprecedented. As the saga goes, the virus set in, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-traders-keep-buying-stocks-125038479.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","TSLA":"特斯拉","AAPL":"苹果","PRO":"Pros Holdings Inc"},"source_url":"https://finance.yahoo.com/news/robinhood-traders-keep-buying-stocks-125038479.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145035785","content_text":"Since the outset of the COVID-19 pandemic in early 2020, the stock market has embarked on a journey with ups and downs, the likes of which had been unprecedented. As the saga goes, the virus set in, and people were at home and looking for entertainment. This, coupled with the hopeful possibility of building wealth directly from one’s phone and/or couch, brought a new generation of retail traders to the market. They began to push speculative equities and securities around in their search for quick value.\nThe trading platform Robinhood has been central to this stock market tale, allowing commission-free trading with a streamlined, easy-to-use mobile application to “democratize finance for all,” as is its motto. Its popularity culminated in a one-in-a-lifetime short squeeze in late January 2021, wherein highly motivated Reddit users attempted, and succeeded, to push up the price of GameStop Corp. (GME) stock in order to force hedge funds to cover their massively shorted shares.\nThis particular instance brought about massive negative sentiment for the growing financial application company, as Robinhood was forced to halt buy orders for several high volatility stocks in order to not go bankrupt themselves. The phenomenon brought Robinhood into global headlines and even had U.S. government officials using terms like “meme stocks.”\nCritics of Robinhood’s platform accuse it of gamifying the stock market with a sensationalizing user interface, and essentially creating an accessible and legal casino for anyone willing to play. The app allows users to quickly trade even the most leveraged and risky positions, including complex derivatives such as options and other financial tools. While other similar mobile platforms also allow this, Robinhood users go through much less data and cautionary information before having their trades executed.\nDespite the bad press, including congressional hearings with Robinhood’s CEO, the platform has since continued to grow its user base.\nKeeping an eye on retail traders’ interest in stocks has become a full-time job, and can mean the difference between massive gains or just another week of FOMO. Many websites provide trending stock tickers or even analytics on subreddit mentions of publicly traded companies. As Robinhood is mostly used by younger retail traders, looking at its top-traded stocks can provide insight into what direction certain stocks may be going.\nTwo stocks frequently found at the top of Robinhood traders' accounts are Tesla Inc. and Apple Inc. Both tech-savvy companies have seen their share prices rise dramatically over the course of 2020. Furthermore, both underwent stock splits, which made their stocks accessible to more people, resulting in a lot of online buzz.\nTesla Inc. (TSLA) \nFive-star analyst Jed Dorsheimer of Canaccord Genuity Capital Markets reiterated a Buy rating on Tesla, with an optimistic price target of $812. This suggests a possible upside of 30.27% from Friday’s closing price of $623.31. (See Tesla stock charts on TipRanks)\nDorsheimer wrote that Tesla is “innovating past the battery” while other manufacturers are playing catch up. He was bullish on a long term basis, arguing that the car company is “creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power.”\nThe analyst did, however, call the new Model S Plaid an “ostensibly unnecessary $130k car,” but that does not mean consumers won’t like the finished product enough to not buy it.\nOn TipRanks, TSLA has an analyst rating consensus of Hold, based on 9 Buy, 7 Hold, and 7 Sell ratings. The average analyst Tesla price target is $620.70, reflecting a potential downside of 0.42% over the next twelve months.\n\nApple Inc. (AAPL)\nAnother consistently top stock pick from Robinhood traders, Apple Inc. has seen its share price climb more than five-fold over the last five years. The most valuable company in the world, with a market cap of over $2 trillion, the company has always had a loyal customer base, which seems to translate into loyal shareholders as well. (See Apple stock charts on TipRanks)\nDaniel Ives of Wedbush Securities was bullish following Apple’s new updates, which were announced during its WWDC conference. Ives maintained a Buy rating and a $185 price target, indicating a possible 41.81% upside from Apple’s Friday closing price of $130.46.\nThe five-star analyst wrote that Apple had placed a strong focus on user privacy concerns, which puts the company “on a collision course with Facebook around the ability for users to block data tracking.” However, Ives was encouraged by the improvements made by the new macOS Monterey desktop operating system, stating that it will support the “broadest lineup of Macs in history.”\nOn TipRanks, AAPL has an analyst rating consensus of Moderate Buy, based on 20 Buy, 5 Hold, and 2 Sell ratings. The average analyst Apple price target is $157.88, reflecting a potential 12-month upside of 21.02%.\n\nDisclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129928067,"gmtCreate":1624352934459,"gmtModify":1703834192026,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ha ha&nbsp;","listText":"Ha ha&nbsp;","text":"Ha ha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129928067","repostId":"1147836907","repostType":4,"repost":{"id":"1147836907","pubTimestamp":1624351692,"share":"https://www.laohu8.com/m/news/1147836907?lang=&edition=full","pubTime":"2021-06-22 16:48","market":"us","language":"en","title":"Hedge fund that bet against GameStop shuts down","url":"https://stock-news.laohu8.com/highlight/detail?id=1147836907","media":"Financial Times","summary":"White Square move marks one of first closures of fund hit by surges in so-called meme stocks.\n\nPleas","content":"<blockquote>\n White Square move marks one of first closures of fund hit by surges in so-called meme stocks.\n</blockquote>\n<p>Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of</p>\n<p>FT.com T&amp;Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.</p>\n<p>https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev</p>\n<p>A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors.</p>\n<p>White Square Capital, run by former Paulson &amp; Co trader Florian Kronawitter, told investors that it would shut its main fund and return capital this month after a review of its business model, according to people familiar with the fund and a letter to investors.</p>\n<p>White Square, which at its peak managed about $440m in assets, had bet against GameStop, say people familiar with its positioning, and suffered double-digit per cent losses in January.</p>\n<p>The move marks one of the first closures of a hedge fund hit by the huge surges in so-called meme stocks. Retail investors, often co-ordinating their actions on online forums such as Reddit’s r/WallStreetBets and in some cases deliberately targeting hedge fund short sellers, drove up the price of stocks such as GameStop and cinema chain AMC Entertainment in January and again in recent weeks. GameStop, for instance, soared from less than $20 at the start of the year to more than $480 at its January peak.</p>\n<p>That led to big losses for some funds, including US-based Melvin Capital, run by Steve Cohen protégé Gabe Plotkin, and Light Street Capital, run by Glen Kacher, a former Tiger cub who worked at Julian Robertson’s Tiger Management. However, the funds remain in operation, and shortly after its losses Melvin received a $2.75bn investment from Cohen’s Point72 Asset Management and Ken Griffin’s Citadel.</p>\n<p>“The decision to close down is related to thinking the equity long-short model is challenged,” said Kronawitter.</p>\n<p>“There are way too many fish in the pond with the same strategy of long-short,” he added. “The traditional edge is being arbed away [eroded by other investors], there’s an oversupply of capital.”</p>\n<p>A person close to the fund said the decision to shut was unrelated to the meme stock rally. The fund quickly rebounded in the wake of January’s turmoil and made back “a fair share” of the losses, the person added.</p>\n<p>Among other funds hit, Melvin was still down about 44.7 per cent this year to the end of last month, while Light Street was down about 20.1 per cent.</p>\n<p>Kronawitter, who previously worked at US billionaire John Paulson’s hedge fund and Merrill Lynch, had made double-digit gains at White Square in 2015 and 2016, said a person who had seen the numbers, while last year it made about 19 per cent.</p>\n<p>In the investor letter announcing the fund’s closure, White Square said that last year, despite that year’s strong performance, two large investors had opted to withdraw their cash and put it in cheap passive funds or private equity. “We experienced first-hand the shift in trend away from hedge fund investing to cheaper alternatives,” it added.</p>\n<p>According to the letter, White Square had been due to receive investor inflows again in May this year, but instead decided to shut the fund.</p>\n<p>“The arbitrage opportunities have diminished with both the onslaught of capital caused by central bank monetary interventions, as well as much improved dissemination of information, bringing up the question to what degree the same fees can be justified,” it said.</p>","source":"lsy1580170736413","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>Hedge fund that bet against GameStop shuts down</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\">\nHedge fund that bet against GameStop shuts down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>White Square move marks one of first closures of fund hit by surges in so-called meme stocks.\n\nPlease use the sharing tools found via the share button at the top or side of articles. Copying articles ...</p>\n\n<a href=\"https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147836907","content_text":"White Square move marks one of first closures of fund hit by surges in so-called meme stocks.\n\nPlease use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of\nFT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.\nhttps://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev\nA London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors.\nWhite Square Capital, run by former Paulson & Co trader Florian Kronawitter, told investors that it would shut its main fund and return capital this month after a review of its business model, according to people familiar with the fund and a letter to investors.\nWhite Square, which at its peak managed about $440m in assets, had bet against GameStop, say people familiar with its positioning, and suffered double-digit per cent losses in January.\nThe move marks one of the first closures of a hedge fund hit by the huge surges in so-called meme stocks. Retail investors, often co-ordinating their actions on online forums such as Reddit’s r/WallStreetBets and in some cases deliberately targeting hedge fund short sellers, drove up the price of stocks such as GameStop and cinema chain AMC Entertainment in January and again in recent weeks. GameStop, for instance, soared from less than $20 at the start of the year to more than $480 at its January peak.\nThat led to big losses for some funds, including US-based Melvin Capital, run by Steve Cohen protégé Gabe Plotkin, and Light Street Capital, run by Glen Kacher, a former Tiger cub who worked at Julian Robertson’s Tiger Management. However, the funds remain in operation, and shortly after its losses Melvin received a $2.75bn investment from Cohen’s Point72 Asset Management and Ken Griffin’s Citadel.\n“The decision to close down is related to thinking the equity long-short model is challenged,” said Kronawitter.\n“There are way too many fish in the pond with the same strategy of long-short,” he added. “The traditional edge is being arbed away [eroded by other investors], there’s an oversupply of capital.”\nA person close to the fund said the decision to shut was unrelated to the meme stock rally. The fund quickly rebounded in the wake of January’s turmoil and made back “a fair share” of the losses, the person added.\nAmong other funds hit, Melvin was still down about 44.7 per cent this year to the end of last month, while Light Street was down about 20.1 per cent.\nKronawitter, who previously worked at US billionaire John Paulson’s hedge fund and Merrill Lynch, had made double-digit gains at White Square in 2015 and 2016, said a person who had seen the numbers, while last year it made about 19 per cent.\nIn the investor letter announcing the fund’s closure, White Square said that last year, despite that year’s strong performance, two large investors had opted to withdraw their cash and put it in cheap passive funds or private equity. “We experienced first-hand the shift in trend away from hedge fund investing to cheaper alternatives,” it added.\nAccording to the letter, White Square had been due to receive investor inflows again in May this year, but instead decided to shut the fund.\n“The arbitrage opportunities have diminished with both the onslaught of capital caused by central bank monetary interventions, as well as much improved dissemination of information, bringing up the question to what degree the same fees can be justified,” it said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129921216,"gmtCreate":1624352905535,"gmtModify":1703834190059,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"It will&nbsp;","listText":"It will&nbsp;","text":"It will","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129921216","repostId":"1162609529","repostType":4,"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129921821,"gmtCreate":1624352881563,"gmtModify":1703834189572,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129921821","repostId":"1107327307","repostType":4,"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167296369,"gmtCreate":1624268926051,"gmtModify":1703832013866,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167296369","repostId":"2145086038","repostType":4,"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167298471,"gmtCreate":1624268897693,"gmtModify":1703832013377,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Sad&nbsp;","listText":"Sad&nbsp;","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167298471","repostId":"1107200738","repostType":4,"repost":{"id":"1107200738","pubTimestamp":1624266640,"share":"https://www.laohu8.com/m/news/1107200738?lang=&edition=full","pubTime":"2021-06-21 17:10","market":"us","language":"en","title":"Twilio: Investors Need To Give It Time To Scale Up And Be Profitable","url":"https://stock-news.laohu8.com/highlight/detail?id=1107200738","media":"seekingalpha","summary":"Summary\n\nTwilio has been misunderstood as a stock that benefited only from the COVID-19 tailwind and","content":"<p><b>Summary</b></p>\n<ul>\n <li>Twilio has been misunderstood as a stock that benefited only from the COVID-19 tailwind and it would fizzle out when reopening takes centre stage.</li>\n <li>Meanwhile, the company has continued to build on its strength through numerous key acquisitions, among which the Segment deal stood out as the most important.</li>\n <li>As a result of third-party cookies deprecation, companies would likely need Twilio even more moving forward.</li>\n <li>At its current valuations and its high DBNER of 133%, investors should take advantage of the recent price weakness to gain access to Twilio now.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/615c999acf1acd79840514a42f3c4521\" tg-width=\"768\" tg-height=\"512\"><span>Drew Angerer/Getty Images</span></p>\n<p><b>NewsInvestment Thesis</b></p>\n<p>Many investors have misunderstood Twilio’s (TWLO) business model due to its unprofitability even as it delivered industry leading revenue growth metrics. While it may have yet to be EBIT profitable, the company is setting itself up to be the CPaaS leader with a top notch customer engagement platform, following its acquisition of the No.1 Customer Data Platform [CDP] in the world: Segment. Investors should understand by now that the secular tailwinds driving digitisation are not going to reverse, and therefore TWLO is in a prime position to benefit as the platform for the world on their customer engagement needs. Add on the impending deprecation of third-party cookies, companies would likely find TWLO even more important in their customer engagement efforts moving forward. At its current valuation, investors should find that TWLO may actually be valued at a discount to many of the stocks listed in the SaaS space.</p>\n<p><b>Twilio is Not your Typical SaaS Stock</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aec3449de8bbaa50dabd8b4343c41583\" tg-width=\"600\" tg-height=\"371\"><span>DBNER. Data source: Company filings</span></p>\n<p>Twilio’s value proposition as a CPaaS is unlike the typical SaaS company that makes the most of its revenue through recurring subscriptions, and increase or maintain their DBNER or DBNRR by cross-selling into other products or up-selling their customers by taking on more seats. TWLO’s revenue is mainly based on usage. Therefore the company makes more revenue when customers use its platform more, and make less when customers use it less. Therefore, because it’s based on usage we could easily determine the strength of its customers' usage simply by observing its DBNER trend.TWLO’s DBNER&nbsp;“increases when such Active Customer Accounts increase their usage of a product, extend their usage of a product to new applications or adopt a new product. Twilio’s Dollar-Based Net Expansion Rate decreases when such Active Customer Accounts cease or reduce their usage of a product or when the Company lowers usage prices on a product.”</p>\n<p>Therefore, we could clearly observe from TWLO’s strong DBNER trend that its customers have been consistently increasing their net usage of its platform over the years, which actually already begun before COVID-19 hit. TWLO’s DBNER has been largely consistent as well and the company was also confident of achieving a&nbsp;normalized DBNER in the range of 130s&nbsp;moving forward.</p>\n<p>Moreover, the company has also highlighted that it continued to see increased use cases in its platform in many industries, and in particular in telehealth, which is another market that has been wrongly perceived to be only a COVID-19 phenomenon that has no sustainability. We have previously covered in a&nbsp;recent article on Teladoc&nbsp;(TDOC) on why telehealth’s rapid growth has begun well before the pandemic hit and is still very early in its growth phase as the market is expected to grow by more than 20% CAGR over the next 10 years. Therefore the secular tailwinds that are driving digitisation across many different industries would also drive increased business to TWLO as the market’s leading cloud communications and customer engagement platform.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/32ecc737bf53e45f2b6a58e0d2121279\" tg-width=\"1280\" tg-height=\"384\"><span>SaaS DBNER/DBNRR. Source: Atom Finance</span></p>\n<p>This is especially so when we look across the SaaS space. Investors would be hard-pressed to find many companies that boast a NRR that has been consistently above 130% like TWLO (median: 120%). Another company that also uses&nbsp;usage-based pricing: Snowflake&nbsp;(SNOW) had a NRR of 168% in the latest quarter. Investors may think that these companies that adopt usage-based pricing may suffer if their customers drop off their usage rates drastically. However, TWLO and SNOW have both proven that their platforms are so sticky and offer so much value that once you are on it, you would keep using it more and more over time, and also expand usage into new products. Therefore, this usage-based pricing model has an inherently powerful booster to the company’s topline as use-cases kept increasing, something that a typical subscription-based ARR model may not be able to replicate without a usage-based model.</p>\n<p><b>Market Truly Underestimated Segment's Acquisition</b></p>\n<p>In our opinion, we think the market really underplayed Segment’s acquisition for TWLO. First, Segment is the&nbsp;No.1 CDP worldwide&nbsp;ranked by IDC, so we think TWLO has done an amazing deal there. In fact, the company emphasized how important they thought the acquisition meant to them (emphasis by us):</p>\n<blockquote>\n We think the&nbsp;\n <b>industrial logic of Segment plus Twilio is just a -- it's not just a home run.It's a grand slam</b>. I think for us, having data capabilities married with communications capabilities is absolutely essential to deliver that rich customer experience.\n</blockquote>\n<p>Notwithstanding the&nbsp;significant dilution&nbsp;funded from the mostly equity deal, I think investors should understand the strategic importance of having the best-of-breed CDP in its portfolio, which is crucially important to TWLO’s underlying CPaaS offering as it now confers its customers the access to real-time analytics with a unified view across disparate systems.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7bfb70f9acdfe008ff26825a2894a4c7\" tg-width=\"879\" tg-height=\"544\"><span>Level of impact of CDP on success metrics. Data source: Advertiser Perceptions; Treasure Data</span></p>\n<p>We could observe from the above survey conducted with marketers across different industries on the profound impact of having a CDP in their marketing KPIs. The large majority of the respondents noted an improvement across all the metrics listed in this survey with a remarkably high percentage of the respondents (33% to 45%) indicating “significant improvement” in the respective categories.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b908f65bb3623fd3ba2b147e803f8e7\" tg-width=\"841\" tg-height=\"520\"><span>Benefits of CDP according to marketing technology decision makers. Data source: Advertiser Perceptions; UniFida</span></p>\n<p>In addition, 49% of the respondents also indicated that the CDP allowed them to unify data across multiple sources, which they regarded as the most important benefit. Twilio also highlighted the importance of this as it added that “consumers are no longer tied to just one form of communication, and they expect companies to pull together disparate interactions to deliver increasingly personalized content based on what they’re doing -- anytime, anywhere, and over their preferred channels.”</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ebc20b41946569e8afa10fb1ef39a90f\" tg-width=\"1262\" tg-height=\"768\"><span>Measures undertaken by marketers from the U.S. to counter the impact of the deprecation of third-party cookies. Data source: Epsilon; Adweek; Phronesis Partners</span></p>\n<p>Moreover, with the impending deprecation of third-party cookies, marketers have been looking for ways to cushion the impact of this loss, and the majority of them (67.3%) have been building a CDP. CDPs primarily collects and use&nbsp;first-party data, which is really the most important sources of customer data as it offers the most accurate and actionable insights, and also the one that is&nbsp;least vulnerable to privacy regulations, a point that was also acknowledged by TWLO when asked whether TWLO saw any tailwind on privacy regulations due to its first-party data access, of which the company replied:</p>\n<blockquote>\n 100%. I think you hit the nail on that actually and effectively answered your own question. I think they're very much on the right side of this. I mean they are very, very strong data stewards. They're kind of a privacy-first company. I think even in the EU, some of the trends in geodynamics also play in their favor. And so I do think data and data regulations is a potential tailwind for them, yes.\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34f2d9eb714512b81b6ae70b957a82d4\" tg-width=\"600\" tg-height=\"371\"><span>Share of organizations collaborating with others to share first-party data in the U.S. Data source: Winterberry Group; LiveRamp</span></p>\n<p>In order to further underscore the importance of first-party data, we could see that 64.3% of companies had collaborative arrangements to share first-party data while 16.7% had plans to do so. In a post-cookie world, I believe organizations would even need to be more proactive in its data gathering and analytics efforts, and having a CDP like Segment to help in this would be absolutely critical.</p>\n<p><b>Yes, We Know That The Company Is Still Unprofitable</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3be2871e7911997921fe11150b8d0e30\" tg-width=\"1280\" tg-height=\"734\"><span>EBIT margin, SG&amp;A margin, R&amp;D margin. Data source: S&amp;P Capital IQ</span></p>\n<p>Nevertheless, investors should be reminded that TWLO has yet to turn an operating profit, even though the company has guided to a long term operating margin of 28% over time. Investors should understand that TWLO would also not be expected to turn an operating profit anytime soon as the company is still in a heavy investment mode (as seen in its high SG&amp;A and R&amp;D margins) as it sees a lot of opportunities to invest and also possibly acquire, where it had made a number of high profile acquisitions such as Segment, ValueFirst, Syniverse, Zipwhip among others. The company strongly emphasized this point:</p>\n<blockquote>\n But that doesn't mean that we won't be profitable, can't be profitable. I mean, we're growing at very elevated levels, certainly better than our corporate average, if you will. It's just that the rest of our business is growing really fast, right? So for it to really show up in our financials, based on our current trajectory, something else would have to slow down, which is not what we want. It's not what you want. It's not what anybody wants really, right? So I think in due course, all these things will happen.\n</blockquote>\n<p>Therefore, TWLO investors are asked to demonstrate lots of patience, give time for TWLO to grow into its profitability and allow them to continue scaling up its revenue growth first. Consensus estimates see the company continuing to grow rapidly at about 44.5% YoY for FY 21 and also above 30% YoY subsequently. TWLO has also committed to grow its revenue above 30% for the next four years, so investors need to give TWLO time to deliver the goods, and this stock is therefore not for short term investors who are looking for a 2 to 3 year horizon, or a company that is prioritizing profitability over growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1059052c9408212d41ace9bed94cdd4a\" tg-width=\"1280\" tg-height=\"698\"><span>Revenue metrics. Data source: S&amp;P Capital IQ</span></p>\n<p><b>Valuations</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dbd552d195006ab4d2b5bb01567a6fdf\" tg-width=\"1280\" tg-height=\"590\"><span>SaaS EV / 2021 Rev.</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/77dea7178c4b94d74a75bc24aab22561\" tg-width=\"1280\" tg-height=\"701\"><span>TWLO EV / Fwd Rev. Data source: S&amp;P Capital IQ</span></p>\n<p>When we consider TWLO’s EV / FY+1 multiple of 20.6x against the SaaS median of 26.3x, it may be reasonably argued that TWLO doesn’t look expensive. It’s also important to note that TWLO is also expected to grow rapidly where we expect to see its multiple fall significantly over time (assuming its EV stays constant, which of course will unlikely to be the case if TWLO continues to deliver its high growth strategies). We are pretty sure that there are many more companies within the SaaS space that are valued at a much higher premium and yet with a slower expected revenue growth profile.</p>\n<p><b>Price Action and Technical Analysis</b></p>\n<p><img src=\"https://static.tigerbbs.com/f626c7ad165f68d36e614c8163606c2f\" tg-width=\"1280\" tg-height=\"838\" referrerpolicy=\"no-referrer\"></p>\n<p>We think that TWLO has a generally strong long term uptrend bias that was only interrupted once by the COVID-19 bear market over the last 3 years. The price recently found support along the 50W moving average at around $300 and the price has since gradually continued to recover from its recent slump.</p>\n<p>Although we would prefer to add more positions near the $300 support level, we don’t think the current price level is expensive either, and think that investors may consider initiating or adding on to their positions at the current price level. They should however avoid adding near the $405 level as we believe that there should be near term resistance at that level. In addition, for investors who would prefer somewhat of a slight bargain, you may wait till the next retracement to test the 50W support again, of which a $320 level to add is also possible.</p>\n<p><b>Wrapping It All Up</b></p>\n<p>Twilio is a very high growth stock that has made revenue growth its most important priority right now as it sees tremendous growth opportunities ahead. Investors are asked to give TWLO time to grow into its expected long term profitability as the company sets itself up to be the leading player in the cloud communications and customer engagement space for companies across multiple industries.</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>Twilio: Investors Need To Give It Time To Scale Up And Be Profitable</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\">\nTwilio: Investors Need To Give It Time To Scale Up And Be Profitable\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435794-twilio-investors-need-give-time-for-scale-up-and-profitable><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTwilio has been misunderstood as a stock that benefited only from the COVID-19 tailwind and it would fizzle out when reopening takes centre stage.\nMeanwhile, the company has continued to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435794-twilio-investors-need-give-time-for-scale-up-and-profitable\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWLO":"Twilio Inc"},"source_url":"https://seekingalpha.com/article/4435794-twilio-investors-need-give-time-for-scale-up-and-profitable","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107200738","content_text":"Summary\n\nTwilio has been misunderstood as a stock that benefited only from the COVID-19 tailwind and it would fizzle out when reopening takes centre stage.\nMeanwhile, the company has continued to build on its strength through numerous key acquisitions, among which the Segment deal stood out as the most important.\nAs a result of third-party cookies deprecation, companies would likely need Twilio even more moving forward.\nAt its current valuations and its high DBNER of 133%, investors should take advantage of the recent price weakness to gain access to Twilio now.\n\nDrew Angerer/Getty Images\nNewsInvestment Thesis\nMany investors have misunderstood Twilio’s (TWLO) business model due to its unprofitability even as it delivered industry leading revenue growth metrics. While it may have yet to be EBIT profitable, the company is setting itself up to be the CPaaS leader with a top notch customer engagement platform, following its acquisition of the No.1 Customer Data Platform [CDP] in the world: Segment. Investors should understand by now that the secular tailwinds driving digitisation are not going to reverse, and therefore TWLO is in a prime position to benefit as the platform for the world on their customer engagement needs. Add on the impending deprecation of third-party cookies, companies would likely find TWLO even more important in their customer engagement efforts moving forward. At its current valuation, investors should find that TWLO may actually be valued at a discount to many of the stocks listed in the SaaS space.\nTwilio is Not your Typical SaaS Stock\nDBNER. Data source: Company filings\nTwilio’s value proposition as a CPaaS is unlike the typical SaaS company that makes the most of its revenue through recurring subscriptions, and increase or maintain their DBNER or DBNRR by cross-selling into other products or up-selling their customers by taking on more seats. TWLO’s revenue is mainly based on usage. Therefore the company makes more revenue when customers use its platform more, and make less when customers use it less. Therefore, because it’s based on usage we could easily determine the strength of its customers' usage simply by observing its DBNER trend.TWLO’s DBNER “increases when such Active Customer Accounts increase their usage of a product, extend their usage of a product to new applications or adopt a new product. Twilio’s Dollar-Based Net Expansion Rate decreases when such Active Customer Accounts cease or reduce their usage of a product or when the Company lowers usage prices on a product.”\nTherefore, we could clearly observe from TWLO’s strong DBNER trend that its customers have been consistently increasing their net usage of its platform over the years, which actually already begun before COVID-19 hit. TWLO’s DBNER has been largely consistent as well and the company was also confident of achieving a normalized DBNER in the range of 130s moving forward.\nMoreover, the company has also highlighted that it continued to see increased use cases in its platform in many industries, and in particular in telehealth, which is another market that has been wrongly perceived to be only a COVID-19 phenomenon that has no sustainability. We have previously covered in a recent article on Teladoc (TDOC) on why telehealth’s rapid growth has begun well before the pandemic hit and is still very early in its growth phase as the market is expected to grow by more than 20% CAGR over the next 10 years. Therefore the secular tailwinds that are driving digitisation across many different industries would also drive increased business to TWLO as the market’s leading cloud communications and customer engagement platform.\nSaaS DBNER/DBNRR. Source: Atom Finance\nThis is especially so when we look across the SaaS space. Investors would be hard-pressed to find many companies that boast a NRR that has been consistently above 130% like TWLO (median: 120%). Another company that also uses usage-based pricing: Snowflake (SNOW) had a NRR of 168% in the latest quarter. Investors may think that these companies that adopt usage-based pricing may suffer if their customers drop off their usage rates drastically. However, TWLO and SNOW have both proven that their platforms are so sticky and offer so much value that once you are on it, you would keep using it more and more over time, and also expand usage into new products. Therefore, this usage-based pricing model has an inherently powerful booster to the company’s topline as use-cases kept increasing, something that a typical subscription-based ARR model may not be able to replicate without a usage-based model.\nMarket Truly Underestimated Segment's Acquisition\nIn our opinion, we think the market really underplayed Segment’s acquisition for TWLO. First, Segment is the No.1 CDP worldwide ranked by IDC, so we think TWLO has done an amazing deal there. In fact, the company emphasized how important they thought the acquisition meant to them (emphasis by us):\n\n We think the \n industrial logic of Segment plus Twilio is just a -- it's not just a home run.It's a grand slam. I think for us, having data capabilities married with communications capabilities is absolutely essential to deliver that rich customer experience.\n\nNotwithstanding the significant dilution funded from the mostly equity deal, I think investors should understand the strategic importance of having the best-of-breed CDP in its portfolio, which is crucially important to TWLO’s underlying CPaaS offering as it now confers its customers the access to real-time analytics with a unified view across disparate systems.\nLevel of impact of CDP on success metrics. Data source: Advertiser Perceptions; Treasure Data\nWe could observe from the above survey conducted with marketers across different industries on the profound impact of having a CDP in their marketing KPIs. The large majority of the respondents noted an improvement across all the metrics listed in this survey with a remarkably high percentage of the respondents (33% to 45%) indicating “significant improvement” in the respective categories.\nBenefits of CDP according to marketing technology decision makers. Data source: Advertiser Perceptions; UniFida\nIn addition, 49% of the respondents also indicated that the CDP allowed them to unify data across multiple sources, which they regarded as the most important benefit. Twilio also highlighted the importance of this as it added that “consumers are no longer tied to just one form of communication, and they expect companies to pull together disparate interactions to deliver increasingly personalized content based on what they’re doing -- anytime, anywhere, and over their preferred channels.”\nMeasures undertaken by marketers from the U.S. to counter the impact of the deprecation of third-party cookies. Data source: Epsilon; Adweek; Phronesis Partners\nMoreover, with the impending deprecation of third-party cookies, marketers have been looking for ways to cushion the impact of this loss, and the majority of them (67.3%) have been building a CDP. CDPs primarily collects and use first-party data, which is really the most important sources of customer data as it offers the most accurate and actionable insights, and also the one that is least vulnerable to privacy regulations, a point that was also acknowledged by TWLO when asked whether TWLO saw any tailwind on privacy regulations due to its first-party data access, of which the company replied:\n\n 100%. I think you hit the nail on that actually and effectively answered your own question. I think they're very much on the right side of this. I mean they are very, very strong data stewards. They're kind of a privacy-first company. I think even in the EU, some of the trends in geodynamics also play in their favor. And so I do think data and data regulations is a potential tailwind for them, yes.\n\nShare of organizations collaborating with others to share first-party data in the U.S. Data source: Winterberry Group; LiveRamp\nIn order to further underscore the importance of first-party data, we could see that 64.3% of companies had collaborative arrangements to share first-party data while 16.7% had plans to do so. In a post-cookie world, I believe organizations would even need to be more proactive in its data gathering and analytics efforts, and having a CDP like Segment to help in this would be absolutely critical.\nYes, We Know That The Company Is Still Unprofitable\nEBIT margin, SG&A margin, R&D margin. Data source: S&P Capital IQ\nNevertheless, investors should be reminded that TWLO has yet to turn an operating profit, even though the company has guided to a long term operating margin of 28% over time. Investors should understand that TWLO would also not be expected to turn an operating profit anytime soon as the company is still in a heavy investment mode (as seen in its high SG&A and R&D margins) as it sees a lot of opportunities to invest and also possibly acquire, where it had made a number of high profile acquisitions such as Segment, ValueFirst, Syniverse, Zipwhip among others. The company strongly emphasized this point:\n\n But that doesn't mean that we won't be profitable, can't be profitable. I mean, we're growing at very elevated levels, certainly better than our corporate average, if you will. It's just that the rest of our business is growing really fast, right? So for it to really show up in our financials, based on our current trajectory, something else would have to slow down, which is not what we want. It's not what you want. It's not what anybody wants really, right? So I think in due course, all these things will happen.\n\nTherefore, TWLO investors are asked to demonstrate lots of patience, give time for TWLO to grow into its profitability and allow them to continue scaling up its revenue growth first. Consensus estimates see the company continuing to grow rapidly at about 44.5% YoY for FY 21 and also above 30% YoY subsequently. TWLO has also committed to grow its revenue above 30% for the next four years, so investors need to give TWLO time to deliver the goods, and this stock is therefore not for short term investors who are looking for a 2 to 3 year horizon, or a company that is prioritizing profitability over growth.\nRevenue metrics. Data source: S&P Capital IQ\nValuations\nSaaS EV / 2021 Rev.\nTWLO EV / Fwd Rev. Data source: S&P Capital IQ\nWhen we consider TWLO’s EV / FY+1 multiple of 20.6x against the SaaS median of 26.3x, it may be reasonably argued that TWLO doesn’t look expensive. It’s also important to note that TWLO is also expected to grow rapidly where we expect to see its multiple fall significantly over time (assuming its EV stays constant, which of course will unlikely to be the case if TWLO continues to deliver its high growth strategies). We are pretty sure that there are many more companies within the SaaS space that are valued at a much higher premium and yet with a slower expected revenue growth profile.\nPrice Action and Technical Analysis\n\nWe think that TWLO has a generally strong long term uptrend bias that was only interrupted once by the COVID-19 bear market over the last 3 years. The price recently found support along the 50W moving average at around $300 and the price has since gradually continued to recover from its recent slump.\nAlthough we would prefer to add more positions near the $300 support level, we don’t think the current price level is expensive either, and think that investors may consider initiating or adding on to their positions at the current price level. They should however avoid adding near the $405 level as we believe that there should be near term resistance at that level. In addition, for investors who would prefer somewhat of a slight bargain, you may wait till the next retracement to test the 50W support again, of which a $320 level to add is also possible.\nWrapping It All Up\nTwilio is a very high growth stock that has made revenue growth its most important priority right now as it sees tremendous growth opportunities ahead. Investors are asked to give TWLO time to grow into its expected long term profitability as the company sets itself up to be the leading player in the cloud communications and customer engagement space for companies across multiple industries.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167298660,"gmtCreate":1624268869550,"gmtModify":1703832012725,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167298660","repostId":"1136994311","repostType":4,"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":160792772,"gmtCreate":1623805993396,"gmtModify":1703819943157,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/160792772","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","pubTimestamp":1623762167,"share":"https://www.laohu8.com/m/news/1191245053?lang=&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p>\n<p>So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p>\n<p><img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p>\n<p>Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p>\n<p><img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p>\n<p>It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p>\n<p><img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p>\n<p>The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p>\n<p><img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p>\n<p>This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p>\n<p><img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p>\n<p>Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p>\n<p><img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p>\n<p>Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p>\n<p><img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p>\n<p>As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p>\n<p><img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p>\n<p>Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p>","source":"lsy1583725640930","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>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets</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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167293864,"gmtCreate":1624268728758,"gmtModify":1703832009605,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167293864","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160794507,"gmtCreate":1623806013709,"gmtModify":1703819945427,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/160794507","repostId":"1181055193","repostType":4,"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121383065,"gmtCreate":1624453907057,"gmtModify":1703837135080,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/121383065","repostId":"1124251862","repostType":4,"isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121319524,"gmtCreate":1624453520368,"gmtModify":1703837121996,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Sure&nbsp;","listText":"Sure&nbsp;","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121319524","repostId":"1146629706","repostType":4,"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162710704,"gmtCreate":1624075352408,"gmtModify":1703828314018,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162710704","repostId":"1166679093","repostType":4,"repost":{"id":"1166679093","pubTimestamp":1624065234,"share":"https://www.laohu8.com/m/news/1166679093?lang=&edition=full","pubTime":"2021-06-19 09:13","market":"us","language":"en","title":"3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%","url":"https://stock-news.laohu8.com/highlight/detail?id=1166679093","media":"fool","summary":"Meme stocks have been all the rage so far this year. That's understandable, with several of them del","content":"<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p>\n<p>However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p>\n<p>AMC Entertainment</p>\n<p><b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p>\n<p>The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p>\n<p>But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p>\n<p>However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p>\n<p>Clover Health Investments</p>\n<p>Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p>\n<p>Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p>\n<p>Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p>\n<p>Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p>\n<p>Sundial Growers</p>\n<p>At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p>\n<p>Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p>\n<p>There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p>\n<p>Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p>\n<p>However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</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>3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.\nHowever, what goes up can come down. ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp","AMC":"AMC院线","SNDL":"SNDL Inc."},"source_url":"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166679093","content_text":"Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.\nHowever, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.\nAMC Entertainment\nAMC Entertainment(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.\nThe consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.\nBut isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.\nHowever, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.\nClover Health Investments\nOnly a few days ago, it looked like Clover Health Investments(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.\nSince the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.\nClover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.\nStill, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.\nSundial Growers\nAt one point earlier this year, Sundial Growers(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.\nAnalysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.\nThere certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.\nSundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.\nHowever, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the Nasdaq stock exchange.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129928067,"gmtCreate":1624352934459,"gmtModify":1703834192026,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ha ha&nbsp;","listText":"Ha ha&nbsp;","text":"Ha ha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129928067","repostId":"1147836907","repostType":4,"repost":{"id":"1147836907","pubTimestamp":1624351692,"share":"https://www.laohu8.com/m/news/1147836907?lang=&edition=full","pubTime":"2021-06-22 16:48","market":"us","language":"en","title":"Hedge fund that bet against GameStop shuts down","url":"https://stock-news.laohu8.com/highlight/detail?id=1147836907","media":"Financial Times","summary":"White Square move marks one of first closures of fund hit by surges in so-called meme stocks.\n\nPleas","content":"<blockquote>\n White Square move marks one of first closures of fund hit by surges in so-called meme stocks.\n</blockquote>\n<p>Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of</p>\n<p>FT.com T&amp;Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.</p>\n<p>https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev</p>\n<p>A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors.</p>\n<p>White Square Capital, run by former Paulson &amp; Co trader Florian Kronawitter, told investors that it would shut its main fund and return capital this month after a review of its business model, according to people familiar with the fund and a letter to investors.</p>\n<p>White Square, which at its peak managed about $440m in assets, had bet against GameStop, say people familiar with its positioning, and suffered double-digit per cent losses in January.</p>\n<p>The move marks one of the first closures of a hedge fund hit by the huge surges in so-called meme stocks. Retail investors, often co-ordinating their actions on online forums such as Reddit’s r/WallStreetBets and in some cases deliberately targeting hedge fund short sellers, drove up the price of stocks such as GameStop and cinema chain AMC Entertainment in January and again in recent weeks. GameStop, for instance, soared from less than $20 at the start of the year to more than $480 at its January peak.</p>\n<p>That led to big losses for some funds, including US-based Melvin Capital, run by Steve Cohen protégé Gabe Plotkin, and Light Street Capital, run by Glen Kacher, a former Tiger cub who worked at Julian Robertson’s Tiger Management. However, the funds remain in operation, and shortly after its losses Melvin received a $2.75bn investment from Cohen’s Point72 Asset Management and Ken Griffin’s Citadel.</p>\n<p>“The decision to close down is related to thinking the equity long-short model is challenged,” said Kronawitter.</p>\n<p>“There are way too many fish in the pond with the same strategy of long-short,” he added. “The traditional edge is being arbed away [eroded by other investors], there’s an oversupply of capital.”</p>\n<p>A person close to the fund said the decision to shut was unrelated to the meme stock rally. The fund quickly rebounded in the wake of January’s turmoil and made back “a fair share” of the losses, the person added.</p>\n<p>Among other funds hit, Melvin was still down about 44.7 per cent this year to the end of last month, while Light Street was down about 20.1 per cent.</p>\n<p>Kronawitter, who previously worked at US billionaire John Paulson’s hedge fund and Merrill Lynch, had made double-digit gains at White Square in 2015 and 2016, said a person who had seen the numbers, while last year it made about 19 per cent.</p>\n<p>In the investor letter announcing the fund’s closure, White Square said that last year, despite that year’s strong performance, two large investors had opted to withdraw their cash and put it in cheap passive funds or private equity. “We experienced first-hand the shift in trend away from hedge fund investing to cheaper alternatives,” it added.</p>\n<p>According to the letter, White Square had been due to receive investor inflows again in May this year, but instead decided to shut the fund.</p>\n<p>“The arbitrage opportunities have diminished with both the onslaught of capital caused by central bank monetary interventions, as well as much improved dissemination of information, bringing up the question to what degree the same fees can be justified,” it said.</p>","source":"lsy1580170736413","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>Hedge fund that bet against GameStop shuts down</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\">\nHedge fund that bet against GameStop shuts down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>White Square move marks one of first closures of fund hit by surges in so-called meme stocks.\n\nPlease use the sharing tools found via the share button at the top or side of articles. Copying articles ...</p>\n\n<a href=\"https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147836907","content_text":"White Square move marks one of first closures of fund hit by surges in so-called meme stocks.\n\nPlease use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of\nFT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.\nhttps://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev\nA London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors.\nWhite Square Capital, run by former Paulson & Co trader Florian Kronawitter, told investors that it would shut its main fund and return capital this month after a review of its business model, according to people familiar with the fund and a letter to investors.\nWhite Square, which at its peak managed about $440m in assets, had bet against GameStop, say people familiar with its positioning, and suffered double-digit per cent losses in January.\nThe move marks one of the first closures of a hedge fund hit by the huge surges in so-called meme stocks. Retail investors, often co-ordinating their actions on online forums such as Reddit’s r/WallStreetBets and in some cases deliberately targeting hedge fund short sellers, drove up the price of stocks such as GameStop and cinema chain AMC Entertainment in January and again in recent weeks. GameStop, for instance, soared from less than $20 at the start of the year to more than $480 at its January peak.\nThat led to big losses for some funds, including US-based Melvin Capital, run by Steve Cohen protégé Gabe Plotkin, and Light Street Capital, run by Glen Kacher, a former Tiger cub who worked at Julian Robertson’s Tiger Management. However, the funds remain in operation, and shortly after its losses Melvin received a $2.75bn investment from Cohen’s Point72 Asset Management and Ken Griffin’s Citadel.\n“The decision to close down is related to thinking the equity long-short model is challenged,” said Kronawitter.\n“There are way too many fish in the pond with the same strategy of long-short,” he added. “The traditional edge is being arbed away [eroded by other investors], there’s an oversupply of capital.”\nA person close to the fund said the decision to shut was unrelated to the meme stock rally. The fund quickly rebounded in the wake of January’s turmoil and made back “a fair share” of the losses, the person added.\nAmong other funds hit, Melvin was still down about 44.7 per cent this year to the end of last month, while Light Street was down about 20.1 per cent.\nKronawitter, who previously worked at US billionaire John Paulson’s hedge fund and Merrill Lynch, had made double-digit gains at White Square in 2015 and 2016, said a person who had seen the numbers, while last year it made about 19 per cent.\nIn the investor letter announcing the fund’s closure, White Square said that last year, despite that year’s strong performance, two large investors had opted to withdraw their cash and put it in cheap passive funds or private equity. “We experienced first-hand the shift in trend away from hedge fund investing to cheaper alternatives,” it added.\nAccording to the letter, White Square had been due to receive investor inflows again in May this year, but instead decided to shut the fund.\n“The arbitrage opportunities have diminished with both the onslaught of capital caused by central bank monetary interventions, as well as much improved dissemination of information, bringing up the question to what degree the same fees can be justified,” it said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129921216,"gmtCreate":1624352905535,"gmtModify":1703834190059,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"It will&nbsp;","listText":"It will&nbsp;","text":"It will","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129921216","repostId":"1162609529","repostType":4,"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167291826,"gmtCreate":1624268792065,"gmtModify":1703832011246,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167291826","repostId":"1153139723","repostType":4,"repost":{"id":"1153139723","pubTimestamp":1624268461,"share":"https://www.laohu8.com/m/news/1153139723?lang=&edition=full","pubTime":"2021-06-21 17:41","market":"sh","language":"en","title":"Sluggish household income growth is ‘holding back’ Chinese consumer spending, says Barclays","url":"https://stock-news.laohu8.com/highlight/detail?id=1153139723","media":"cnbc","summary":"KEY POINTS\n\nLower-income groups have been hit particularly hard by a slowdown in household income gr","content":"<div>\n<p>KEY POINTS\n\nLower-income groups have been hit particularly hard by a slowdown in household income growth, says Barclays Asia Pacific’s Jian Chang.\nConsumer spending in China has largely lagged the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/slow-income-growth-is-holding-back-the-chinese-consumer-barclays.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sluggish household income growth is ‘holding back’ Chinese consumer spending, says Barclays</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\">\nSluggish household income growth is ‘holding back’ Chinese consumer spending, says Barclays\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 17:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/slow-income-growth-is-holding-back-the-chinese-consumer-barclays.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nLower-income groups have been hit particularly hard by a slowdown in household income growth, says Barclays Asia Pacific’s Jian Chang.\nConsumer spending in China has largely lagged the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/slow-income-growth-is-holding-back-the-chinese-consumer-barclays.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/06/21/slow-income-growth-is-holding-back-the-chinese-consumer-barclays.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1153139723","content_text":"KEY POINTS\n\nLower-income groups have been hit particularly hard by a slowdown in household income growth, says Barclays Asia Pacific’s Jian Chang.\nConsumer spending in China has largely lagged the country’s overall economic recovery from the pandemic.\nBarclays economists said in a Wednesday note they do not see growth in China’s consumption and services returning to pre-Covid levels this year.\n\nConsumer spending in China has largely lagged the country’s overall economic recovery from the pandemic and that sluggishness stems from slower household income growth, according to Jian Chang, chief China economist at Barclays Asia Pacific.\nData released Wednesday showed China’sretail sales once again missed analyst expectations. Official data reported retail sales rose 12.4% in May from a year ago, less than the 13.6% increase forecast by analysts.\nBarclays economists said in a Wednesday note they do not see growth in China’s consumption and services returning to pre-Covid levels this year.\n“A fundamental issue, I think, that has been holding back the Chinese consumer spending is really the … slower household income growth, and particularly for lower income group,” Chang told CNBC’s “Squawk Box Asia” on Friday.\nIn 2020, China’scash-strapped poor took on more debtafter the pandemic hit job prospects.\nChang pointed to comments from Premier Li Keqiang last year in which he said roughly600 million people earn just 1,000 renminbi per month(about $155).\nShe noted that migrant worker salaries have also struggled to recover, posting growth of just 2.5% as compared with 6.5% pre-pandemic.\nThese are headwinds for Beijing as the Chinese government hopes to promote its“dual circulation” policy, which places greater emphasis on consumption as a key economic driver.\n“To improve household consumption share in the GDP you really need to improve household income share in the GDP,” Chang said.\n“That means you really need to improve income distribution … which we know that is quite difficult, especially after the global financial crisis and after the pandemic. We really see globally, you know, there is the widening of income gap and the widening of wealth gap,” she said.\nChang said there’s also a gap in where spending occurs. While larger stores and shopping malls have been “quite strong,” Chang said smaller stores are not seeing the same performance.\n“If you look at the smaller store sales, which accounts for two-thirds of overall retail sales, that has really been underperforming and is not even half of its growth rate pre-pandemic,” Chang said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162716698,"gmtCreate":1624075472014,"gmtModify":1703828320591,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162716698","repostId":"2144774740","repostType":4,"repost":{"id":"2144774740","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://www.laohu8.com/m/news/2144774740?lang=&edition=full","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</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>Adobe Getting Lift From Economic Reopening Post-Pandemic</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\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-06-18 23:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1},"isVote":1,"tweetType":1,"viewCount":5,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162718508,"gmtCreate":1624075449904,"gmtModify":1703828318958,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162718508","repostId":"2144086770","repostType":4,"repost":{"id":"2144086770","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":1624062134,"share":"https://www.laohu8.com/m/news/2144086770?lang=&edition=full","pubTime":"2021-06-19 08:22","market":"us","language":"en","title":"Largest Boeing 737 MAX model takes off on maiden flight","url":"https://stock-news.laohu8.com/highlight/detail?id=2144086770","media":"Reuters","summary":"RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling si","content":"<p>RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model.</p>\n<p>The plane completed a roughly 2-1/2-hour flight over Washington State, returning to Renton Municipal Airport near Seattle at 12:38 p.m.</p>\n<p>The first flight heralds months of testing and safety certification work before the jet is expected to enter service in 2023.</p>\n<p>In an unusual departure from the PR buzz surrounding first flights, the event was kept low-key as Boeing tries to navigate overlapping crises caused by a 20-month grounding in the wake of two crashes and the COVID-19 pandemic.</p>\n<p>Boeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrowbody jet market, worth some $3.5 trillion over 20 years.</p>\n<p>However, the market opportunity for the 737 MAX 10 is constrained by the jet's range of about 3,300 nautical miles (6,100 km), which falls short of the A321neo's roughly 4,000 nm.</p>\n<p>Boeing must also complete safety certification of the plane under a tougher regulatory climate following two fatal crashes of a smaller 737 MAX version grounded the model for nearly two years - with a safety ban still in place in China.</p>\n<p>Boeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December.</p>\n<p>Boeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory.</p>\n<p>Boeing is working on safety enhancements for the 737 MAX 10, including for its air data indication system and adding a third cockpit indication requested by European regulators of the \"angle of attack,\" a parameter needed to avoid stalling or losing lift. Deal’s comments were provided to the media via a pool reporter inside a Boeing aircraft delivery center.</p>\n<p>\"We're going to take our time on this certification,\" Deal said.</p>\n<p>While the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo.</p>\n<p>Boeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.</p>\n<p>Even so, Boeing says it is confident in the MAX 10, and it is stepping up efforts to sell more of the jet, with key targets, including Ireland's Ryanair .</p>\n<p>Customers include United Airlines with 100 on order. Although sources say United is weighing a new order for at least 100 or even up to 200 MAX, its requirement for large single-aisles will be served by Airbus - reinforcing the market split.</p>\n<p>The flight, watched by dozens of employees but virtually no visitors as Boeing sought to downplay the event, showcased a revamped landing gear system illustrating an industry battle to squeeze as much mileage as possible out of the current generation of single-aisles.</p>\n<p>It raises the landing gear's height during take-off and landing, a design needed to compensate for the MAX 10's extra length and prevent the tail scraping the runway on take-off.</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>Largest Boeing 737 MAX model takes off on maiden flight</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\">\nLargest Boeing 737 MAX model takes off on maiden flight\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-19 08:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model.</p>\n<p>The plane completed a roughly 2-1/2-hour flight over Washington State, returning to Renton Municipal Airport near Seattle at 12:38 p.m.</p>\n<p>The first flight heralds months of testing and safety certification work before the jet is expected to enter service in 2023.</p>\n<p>In an unusual departure from the PR buzz surrounding first flights, the event was kept low-key as Boeing tries to navigate overlapping crises caused by a 20-month grounding in the wake of two crashes and the COVID-19 pandemic.</p>\n<p>Boeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrowbody jet market, worth some $3.5 trillion over 20 years.</p>\n<p>However, the market opportunity for the 737 MAX 10 is constrained by the jet's range of about 3,300 nautical miles (6,100 km), which falls short of the A321neo's roughly 4,000 nm.</p>\n<p>Boeing must also complete safety certification of the plane under a tougher regulatory climate following two fatal crashes of a smaller 737 MAX version grounded the model for nearly two years - with a safety ban still in place in China.</p>\n<p>Boeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December.</p>\n<p>Boeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory.</p>\n<p>Boeing is working on safety enhancements for the 737 MAX 10, including for its air data indication system and adding a third cockpit indication requested by European regulators of the \"angle of attack,\" a parameter needed to avoid stalling or losing lift. Deal’s comments were provided to the media via a pool reporter inside a Boeing aircraft delivery center.</p>\n<p>\"We're going to take our time on this certification,\" Deal said.</p>\n<p>While the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo.</p>\n<p>Boeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.</p>\n<p>Even so, Boeing says it is confident in the MAX 10, and it is stepping up efforts to sell more of the jet, with key targets, including Ireland's Ryanair .</p>\n<p>Customers include United Airlines with 100 on order. Although sources say United is weighing a new order for at least 100 or even up to 200 MAX, its requirement for large single-aisles will be served by Airbus - reinforcing the market split.</p>\n<p>The flight, watched by dozens of employees but virtually no visitors as Boeing sought to downplay the event, showcased a revamped landing gear system illustrating an industry battle to squeeze as much mileage as possible out of the current generation of single-aisles.</p>\n<p>It raises the landing gear's height during take-off and landing, a design needed to compensate for the MAX 10's extra length and prevent the tail scraping the runway on take-off.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144086770","content_text":"RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model.\nThe plane completed a roughly 2-1/2-hour flight over Washington State, returning to Renton Municipal Airport near Seattle at 12:38 p.m.\nThe first flight heralds months of testing and safety certification work before the jet is expected to enter service in 2023.\nIn an unusual departure from the PR buzz surrounding first flights, the event was kept low-key as Boeing tries to navigate overlapping crises caused by a 20-month grounding in the wake of two crashes and the COVID-19 pandemic.\nBoeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrowbody jet market, worth some $3.5 trillion over 20 years.\nHowever, the market opportunity for the 737 MAX 10 is constrained by the jet's range of about 3,300 nautical miles (6,100 km), which falls short of the A321neo's roughly 4,000 nm.\nBoeing must also complete safety certification of the plane under a tougher regulatory climate following two fatal crashes of a smaller 737 MAX version grounded the model for nearly two years - with a safety ban still in place in China.\nBoeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December.\nBoeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory.\nBoeing is working on safety enhancements for the 737 MAX 10, including for its air data indication system and adding a third cockpit indication requested by European regulators of the \"angle of attack,\" a parameter needed to avoid stalling or losing lift. Deal’s comments were provided to the media via a pool reporter inside a Boeing aircraft delivery center.\n\"We're going to take our time on this certification,\" Deal said.\nWhile the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo.\nBoeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.\nEven so, Boeing says it is confident in the MAX 10, and it is stepping up efforts to sell more of the jet, with key targets, including Ireland's Ryanair .\nCustomers include United Airlines with 100 on order. Although sources say United is weighing a new order for at least 100 or even up to 200 MAX, its requirement for large single-aisles will be served by Airbus - reinforcing the market split.\nThe flight, watched by dozens of employees but virtually no visitors as Boeing sought to downplay the event, showcased a revamped landing gear system illustrating an industry battle to squeeze as much mileage as possible out of the current generation of single-aisles.\nIt raises the landing gear's height during take-off and landing, a design needed to compensate for the MAX 10's extra length and prevent the tail scraping the runway on take-off.","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121317877,"gmtCreate":1624453784899,"gmtModify":1703837131817,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121317877","repostId":"1113795668","repostType":4,"repost":{"id":"1113795668","pubTimestamp":1624447267,"share":"https://www.laohu8.com/m/news/1113795668?lang=&edition=full","pubTime":"2021-06-23 19:21","market":"us","language":"en","title":"AMC: An Open Letter To The Apes - The Stock Market And Reality","url":"https://stock-news.laohu8.com/highlight/detail?id=1113795668","media":"seekingalpha","summary":"Summary\n\nEarnings drive stock prices over the long run, even for AMC. Here's the data.\nThe economics","content":"<p><b>Summary</b></p>\n<ul>\n <li>Earnings drive stock prices over the long run, even for AMC. Here's the data.</li>\n <li>The economics of buying an AMC movie theater rather than the stock.</li>\n <li>Shorting AMC is mostly common sense, not a conspiracy. And where investors may have to be more careful.</li>\n <li>Emotion may tell you to buy. Reason will tell you to sell.</li>\n</ul>\n<p>I’ve written two articles recently for Seeking Alpha on AMC Entertainment Holdings(NYSE:AMC), one onJune 4and one onJune 17. The comments I have gotten back in response to the articles were eye-opening for me. I feel like I’ve been let into a world I didn’t know existed. Which means that I also must seem pretty odd to the inhabitants of this ape-world. So, I’d like to explain my point of view in this open letter.</p>\n<p><b>Why I keep harping on AMC’s earnings</b></p>\n<p>One shocker to me is that literally<i>no</i>comment that disagreed with my AMC view ever challenged me on earnings. The same is true for comments on my sell calls on Zillow(NASDAQ:Z), Redfin(NASDAQ:RDFN), Rocket Companies(NYSE:RKT)and Opendoor(NASDAQ:OPEN). So, why do I keep talking about earnings?<i>Because that’s how stocks work.</i>First, common sense says that it works. A share of stock is a share ownership of a company; that’s just a fact. We start and own businesses in order to earn money.</p>\n<p>Second, history says that the relationship between earnings and stock prices exists. A few charts will illustrate this point. First, let’s compare the S&amp;P 500 index with S&amp;P 500 EPS a year ahead:</p>\n<p><img src=\"https://static.tigerbbs.com/d09e129752eec6290923863d17249487\" tg-width=\"640\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Sources:Yahoo Finance,Yardeni Research</i></p>\n<p>The stock market clearly moves with earnings expectations. Now, let’s look at an individual stock. I chose McDonald’s(NYSE:MCD):</p>\n<p><img src=\"https://static.tigerbbs.com/092d5bc6eb84253ba4ae6fea1f92113f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Sources:Yahoo Finance,company reports</i></p>\n<p>Once again, a clear correlation – McDonald’s earns more, investors pay more to own it. Let’s now turn to a company whose earnings prospects took a turn – GoPro(NASDAQ:GPRO):</p>\n<p><img src=\"https://static.tigerbbs.com/6cb1e3a96d4e6e70cc8cb8dbc3b4643f\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Sources:Yahoo Finance,company reports</i></p>\n<p>GoPro’s stock price leaped after its IPO on the assumption that booming sales of its cameras would send earnings soaring above its 2014 EPS of $1.32. But smartphones – the cameras in our pockets – diverted sales away from GoPro, and its EPS took a serious slide into negative territory. In response, the stock tanked. It has only recently made a modest recovery as GoPro management managed to start earning money.<i>Again, a clear link between earnings and the stock price</i>.</p>\n<p>OK, one more – company X:</p>\n<p><img src=\"https://static.tigerbbs.com/f3b9e1ded9a66995ca17edc221ddd9a6\" tg-width=\"640\" tg-height=\"433\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Sources:Yahoo Finance,company reports</i></p>\n<p>Another excellent correlation between earnings and stock price. This company saw some EPS growth during 2015 and 2016, but earnings then turned south. The stock price followed.</p>\n<p>Who is this company X? I bet you guessed it – AMC!<i>Up until the pandemic hit, AMC’s stock performed like other stocks – on earnings expectations. It will again.</i></p>\n<p><b>Do you want to own an AMC theater?</b></p>\n<p>Instead of owning AMC stock, how about if you owned an AMC theater? This way, you are a real business owner.</p>\n<p>At last look, AMC’s market cap is $30.5 billion. Add in about $3.5 billion of debt less cash and we’ll say that AMC’s theaters are currently valued at $34 billion. At the beginning of this year, AMC had 950 movie theaters. That means, each theater is valued today at $36 million.</p>\n<p>If you don’t borrow money to pay your $36 million, my best guess from AMC’s financials is that you’ll rake in $220,000 in profits. Not bad, right? A cool 0.6% return on your investment. A return likely to shrink over time as we spend more time streaming and less time at the movies. Or you could buy more current favorite stock MGIC(NYSE:MTG), which last year generatedcash EPS of $2.45, an 18% return on its current stock price. But you would have to give up the free movie tickets from owning a theater. Your choice. I’ve gone for the latter. 18% &gt; 0.6%.</p>\n<p><b>Is it really different this time?</b></p>\n<p>Will AMC stock continue to rise just because apes continue to put more and more money in it? Can AMC become a permanent short squeeze?</p>\n<p>I’m old. While that means my tennis game is sinking, it also has allowed me to see lots of “it’s different this time” stories. They almost never work. Gravity takes over and brings magical beliefs back to earth. The ‘80s commercial real estate boom, the ‘90s internet boom, the ‘00s housing boom, all relied on broad-based beliefs that this time was different, and if you didn’t agree, “you don’t get it”. Gravity brought all three beliefs painfully back to earth. Betting against gravity is a serious long shot.</p>\n<p><b>Is the stock market fixed?</b></p>\n<p>Lots of the comments to my articles suggested that meme investing is revenge against a financial system fixed against the little guy and gal. I consider myself to be pretty cynical, but I can’t see the stock market as a whole as fixed. Some evidence:</p>\n<ul>\n <li><i>The link I established above between earnings and stock prices.</i>This means that, in the long run, it is company performance that determines stock prices, not Wall Street.</li>\n <li><i>Mutual funds routinely underperform index funds.</i>Big fund complexes like BlackRock, T. Rowe Price and Fidelity all have highly paid analysts and portfolio managers running their money. But many studies have shown that they generally do<i>worse</i>than market averages. So, they are no better than we are.</li>\n <li><i>Hedge funds have done even worse.</i>For example,NASDAQreported that the average hedge fund earned 11% in 2020, well below the S&amp;P 500 18% return. And they did far worse in 2019 – up 10% compared to +31% for the S&amp;P 500. My belief is that hedge funds have too much money chasing a small group of trades. Now, hedge fund<i>managers</i>can make obscene amounts of money because of their lucrative 2%/20% compensation structure. That’s another story. But hedge fund investors have been left behind.</li>\n <li><i>Wall Street is blanketed with regulations aimed at levelling the playing field.</i>There are rules against insider trading, selectively disseminating material information and many other forms of bad behavior. Of course, smart people can and do slip by some rules, but rampant cheating is quite difficult to achieve.</li>\n</ul>\n<p><b>Are short sellers lying to support their positions?</b></p>\n<p>There certainly are cases of this, but a far simpler answer explains why GameStop(NYSE:GME)and AMC are short targets. Come on – both are store-based businesses in an increasingly online world, right? With several years of losses behind them already. Blockbuster, Sears, Pier One… shorting the Old Economy is not rocket science.</p>\n<p>But how are potential investors in these New Age companies supposed to deal with these dramatic claims?</p>\n<p>Zillow. From its10-K:</p>\n<blockquote>\n “ \n <i>As we continue to expand into transaction-related services, our Total Addressable Market [TAM] has expanded from $19 billion in U.S. real estate related advertising…to $2.2 trillion of annual home sales…</i>”\n</blockquote>\n<p>Sounds awesome, right? $2.2&nbsp;<i>trillion</i>&nbsp;of potential revenues for Zillow. Except if home sellers expect to keep some of the proceeds of their home sales. In fact, the average real estate commission is 4.5%, giving Zillow an actual TAM of $100 billion. $100 billion &lt; $2.2 trillion. By a<i>lot.</i></p>\n<p>Rocket Mortgage. From itsQ1 earnings conference call:</p>\n<blockquote>\n “ \n <i>As we continue to expand our platform, creating certainty for clients in categories that have historically been challenging, the opportunity for Rocket Companies is gigantic. Consider this; when combined real estate, automotive sales and financial services, all markets where we're helping to lead the way, account for nearly one third of the US GDP</i>.” (My highlighting)\n</blockquote>\n<p>Wow! Amazon&nbsp;(NASDAQ:AMZN)&nbsp;will soon be a blip in Rocket’s rear-view mirror if I believe any of this. By the way, check out Rocket’s insider sales while management is dishing out this hype.</p>\n<p><b>Emotions versus reason</b></p>\n<p>I see a lot of anger, frustration, and revenge in the AMC comments. Life stinks a lot, so I get the rationale for these emotions. But I have learned that emotions are the enemy of successful investing.<i>Any</i>emotions, ranging from fear to enthusiasm. Rational thinking about a company’s value, or even (not my style) investors’ moods, has proven to work better.</p>\n<p>All of us primates, human and ape, are heavily driven by emotions (even me!), so we are never going to squeeze all of them out of our investment decisions. But the more squeezing, the better.</p>\n<p><b>All of the above says “Sell AMC”</b></p>\n<ul>\n <li>AMC’s earnings prospects can’t come close to supporting the current stock price. Gravity will do its job.</li>\n <li>If you don’t want to own a movie theater, don’t own the stock.</li>\n <li>AMC short sellers are driven more by common sense than by some conspiracy.</li>\n <li>AMC’s stock price contains an enormous emotional content, and a change in those fickle emotions will change the stock price quickly.</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC: An Open Letter To The Apes - The Stock Market And Reality</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\">\nAMC: An Open Letter To The Apes - The Stock Market And Reality\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 19:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436112-amc-stock-open-letter-to-apes-stock-market-and-reality><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEarnings drive stock prices over the long run, even for AMC. Here's the data.\nThe economics of buying an AMC movie theater rather than the stock.\nShorting AMC is mostly common sense, not a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436112-amc-stock-open-letter-to-apes-stock-market-and-reality\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4436112-amc-stock-open-letter-to-apes-stock-market-and-reality","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1113795668","content_text":"Summary\n\nEarnings drive stock prices over the long run, even for AMC. Here's the data.\nThe economics of buying an AMC movie theater rather than the stock.\nShorting AMC is mostly common sense, not a conspiracy. And where investors may have to be more careful.\nEmotion may tell you to buy. Reason will tell you to sell.\n\nI’ve written two articles recently for Seeking Alpha on AMC Entertainment Holdings(NYSE:AMC), one onJune 4and one onJune 17. The comments I have gotten back in response to the articles were eye-opening for me. I feel like I’ve been let into a world I didn’t know existed. Which means that I also must seem pretty odd to the inhabitants of this ape-world. So, I’d like to explain my point of view in this open letter.\nWhy I keep harping on AMC’s earnings\nOne shocker to me is that literallynocomment that disagreed with my AMC view ever challenged me on earnings. The same is true for comments on my sell calls on Zillow(NASDAQ:Z), Redfin(NASDAQ:RDFN), Rocket Companies(NYSE:RKT)and Opendoor(NASDAQ:OPEN). So, why do I keep talking about earnings?Because that’s how stocks work.First, common sense says that it works. A share of stock is a share ownership of a company; that’s just a fact. We start and own businesses in order to earn money.\nSecond, history says that the relationship between earnings and stock prices exists. A few charts will illustrate this point. First, let’s compare the S&P 500 index with S&P 500 EPS a year ahead:\n\nSources:Yahoo Finance,Yardeni Research\nThe stock market clearly moves with earnings expectations. Now, let’s look at an individual stock. I chose McDonald’s(NYSE:MCD):\n\nSources:Yahoo Finance,company reports\nOnce again, a clear correlation – McDonald’s earns more, investors pay more to own it. Let’s now turn to a company whose earnings prospects took a turn – GoPro(NASDAQ:GPRO):\n\nSources:Yahoo Finance,company reports\nGoPro’s stock price leaped after its IPO on the assumption that booming sales of its cameras would send earnings soaring above its 2014 EPS of $1.32. But smartphones – the cameras in our pockets – diverted sales away from GoPro, and its EPS took a serious slide into negative territory. In response, the stock tanked. It has only recently made a modest recovery as GoPro management managed to start earning money.Again, a clear link between earnings and the stock price.\nOK, one more – company X:\n\nSources:Yahoo Finance,company reports\nAnother excellent correlation between earnings and stock price. This company saw some EPS growth during 2015 and 2016, but earnings then turned south. The stock price followed.\nWho is this company X? I bet you guessed it – AMC!Up until the pandemic hit, AMC’s stock performed like other stocks – on earnings expectations. It will again.\nDo you want to own an AMC theater?\nInstead of owning AMC stock, how about if you owned an AMC theater? This way, you are a real business owner.\nAt last look, AMC’s market cap is $30.5 billion. Add in about $3.5 billion of debt less cash and we’ll say that AMC’s theaters are currently valued at $34 billion. At the beginning of this year, AMC had 950 movie theaters. That means, each theater is valued today at $36 million.\nIf you don’t borrow money to pay your $36 million, my best guess from AMC’s financials is that you’ll rake in $220,000 in profits. Not bad, right? A cool 0.6% return on your investment. A return likely to shrink over time as we spend more time streaming and less time at the movies. Or you could buy more current favorite stock MGIC(NYSE:MTG), which last year generatedcash EPS of $2.45, an 18% return on its current stock price. But you would have to give up the free movie tickets from owning a theater. Your choice. I’ve gone for the latter. 18% > 0.6%.\nIs it really different this time?\nWill AMC stock continue to rise just because apes continue to put more and more money in it? Can AMC become a permanent short squeeze?\nI’m old. While that means my tennis game is sinking, it also has allowed me to see lots of “it’s different this time” stories. They almost never work. Gravity takes over and brings magical beliefs back to earth. The ‘80s commercial real estate boom, the ‘90s internet boom, the ‘00s housing boom, all relied on broad-based beliefs that this time was different, and if you didn’t agree, “you don’t get it”. Gravity brought all three beliefs painfully back to earth. Betting against gravity is a serious long shot.\nIs the stock market fixed?\nLots of the comments to my articles suggested that meme investing is revenge against a financial system fixed against the little guy and gal. I consider myself to be pretty cynical, but I can’t see the stock market as a whole as fixed. Some evidence:\n\nThe link I established above between earnings and stock prices.This means that, in the long run, it is company performance that determines stock prices, not Wall Street.\nMutual funds routinely underperform index funds.Big fund complexes like BlackRock, T. Rowe Price and Fidelity all have highly paid analysts and portfolio managers running their money. But many studies have shown that they generally doworsethan market averages. So, they are no better than we are.\nHedge funds have done even worse.For example,NASDAQreported that the average hedge fund earned 11% in 2020, well below the S&P 500 18% return. And they did far worse in 2019 – up 10% compared to +31% for the S&P 500. My belief is that hedge funds have too much money chasing a small group of trades. Now, hedge fundmanagerscan make obscene amounts of money because of their lucrative 2%/20% compensation structure. That’s another story. But hedge fund investors have been left behind.\nWall Street is blanketed with regulations aimed at levelling the playing field.There are rules against insider trading, selectively disseminating material information and many other forms of bad behavior. Of course, smart people can and do slip by some rules, but rampant cheating is quite difficult to achieve.\n\nAre short sellers lying to support their positions?\nThere certainly are cases of this, but a far simpler answer explains why GameStop(NYSE:GME)and AMC are short targets. Come on – both are store-based businesses in an increasingly online world, right? With several years of losses behind them already. Blockbuster, Sears, Pier One… shorting the Old Economy is not rocket science.\nBut how are potential investors in these New Age companies supposed to deal with these dramatic claims?\nZillow. From its10-K:\n\n “ \n As we continue to expand into transaction-related services, our Total Addressable Market [TAM] has expanded from $19 billion in U.S. real estate related advertising…to $2.2 trillion of annual home sales…”\n\nSounds awesome, right? $2.2 trillion of potential revenues for Zillow. Except if home sellers expect to keep some of the proceeds of their home sales. In fact, the average real estate commission is 4.5%, giving Zillow an actual TAM of $100 billion. $100 billion < $2.2 trillion. By alot.\nRocket Mortgage. From itsQ1 earnings conference call:\n\n “ \n As we continue to expand our platform, creating certainty for clients in categories that have historically been challenging, the opportunity for Rocket Companies is gigantic. Consider this; when combined real estate, automotive sales and financial services, all markets where we're helping to lead the way, account for nearly one third of the US GDP.” (My highlighting)\n\nWow! Amazon (NASDAQ:AMZN) will soon be a blip in Rocket’s rear-view mirror if I believe any of this. By the way, check out Rocket’s insider sales while management is dishing out this hype.\nEmotions versus reason\nI see a lot of anger, frustration, and revenge in the AMC comments. Life stinks a lot, so I get the rationale for these emotions. But I have learned that emotions are the enemy of successful investing.Anyemotions, ranging from fear to enthusiasm. Rational thinking about a company’s value, or even (not my style) investors’ moods, has proven to work better.\nAll of us primates, human and ape, are heavily driven by emotions (even me!), so we are never going to squeeze all of them out of our investment decisions. But the more squeezing, the better.\nAll of the above says “Sell AMC”\n\nAMC’s earnings prospects can’t come close to supporting the current stock price. Gravity will do its job.\nIf you don’t want to own a movie theater, don’t own the stock.\nAMC short sellers are driven more by common sense than by some conspiracy.\nAMC’s stock price contains an enormous emotional content, and a change in those fickle emotions will change the stock price quickly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121316344,"gmtCreate":1624453635888,"gmtModify":1703837125572,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121316344","repostId":"1145825451","repostType":4,"repost":{"id":"1145825451","pubTimestamp":1624433586,"share":"https://www.laohu8.com/m/news/1145825451?lang=&edition=full","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out 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\">\nWhy I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129925969,"gmtCreate":1624353078451,"gmtModify":1703834194467,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129925969","repostId":"1129393435","repostType":4,"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129926249,"gmtCreate":1624353020181,"gmtModify":1703834192839,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Yes&nbsp;","listText":"Yes&nbsp;","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129926249","repostId":"1129553884","repostType":4,"isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129921821,"gmtCreate":1624352881563,"gmtModify":1703834189572,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129921821","repostId":"1107327307","repostType":4,"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167296369,"gmtCreate":1624268926051,"gmtModify":1703832013866,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167296369","repostId":"2145086038","repostType":4,"repost":{"id":"2145086038","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":1624263852,"share":"https://www.laohu8.com/m/news/2145086038?lang=&edition=full","pubTime":"2021-06-21 16:24","market":"hk","language":"en","title":"Hong Kong stocks end lower after Fed's surprise turn","url":"https://stock-news.laohu8.com/highlight/detail?id=2145086038","media":"Reuters","summary":"HK->Shanghai Connect daily quota used -1.2%, Shanghai->HK daily quota used -3%\nHSI -1.1%, HSCE -0.9%","content":"<ul>\n <li>HK-&gt;Shanghai Connect daily quota used -1.2%, Shanghai-&gt;HK daily quota used -3%</li>\n <li>HSI -1.1%, HSCE -0.9%, CSI300 -0.2%</li>\n <li>FTSE China A50 -0.7%</li>\n</ul>\n<p>June 21 (Reuters) - Hong Kong stocks fell on Monday, largely in line with other Asian markets, as investors pondered the implications of the U.S. Federal Reserve's surprise hawkish shift last week.</p>\n<p>At the close of trade, the Hang Seng index was down 312.27 points, or 1.08%, at 28,489.00. The Hang Seng China Enterprises index fell 0.93% to 10,547.86.</p>\n<p>The sub-index of the Hang Seng tracking energy shares&nbsp;dropped 0.9%, the IT sector slipped 1.2%, the financial sector ended 1.89% lower and the property sector fell 1.16%.</p>\n<p>The top gainer on the Hang Seng was <a href=\"https://laohu8.com/S/AACAF\">AAC Technologies Holdings Inc</a> , which gained 5.15%, while the biggest loser was Haidilao International Holding Ltd , which fell 5.06%.</p>\n<p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 1.07%, while Japan's Nikkei index&nbsp;closed down 3.29%.</p>\n<p>U.S. St. Louis Federal Reserve President James Bullard said on Friday that the U.S. central bank's shift towards a faster tightening of monetary policy was a \"natural\" response to economic growth and particularly inflation moving quicker than expected as the country reopens from the COVID-19 pandemic.</p>\n<p>China kept its benchmark lending rate for corporate and household loans unchanged for the 14th straight month at its June fixing on Monday, in line with market expectations.</p>\n<p>The Financial News, backed by the Peoples Bank of China (PBOC), on Sunday advised against speculating about liquidity tightening and policy direction, saying such action can mislead and roil markets.</p>\n<p>China's main Shanghai Composite index closed up 0.12% at 3,529.18 points, while the blue-chip CSI300 index&nbsp;ended down 0.24%.</p>\n<p>The yuan was quoted at 6.468 per U.S. dollar at 08:10, 0.22% weaker than the previous close of 6.4537.</p>\n<p>At close, China's A-shares were trading at a premium of 38.11% over Hong Kong-listed H-shares.</p>\n<p>(Reporting by the Shanghai Newsroom; Editing by Amy Caren Daniel)</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>Hong Kong stocks end lower after Fed's surprise turn</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\">\nHong Kong stocks end lower after Fed's surprise turn\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-21 16:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>HK-&gt;Shanghai Connect daily quota used -1.2%, Shanghai-&gt;HK daily quota used -3%</li>\n <li>HSI -1.1%, HSCE -0.9%, CSI300 -0.2%</li>\n <li>FTSE China A50 -0.7%</li>\n</ul>\n<p>June 21 (Reuters) - Hong Kong stocks fell on Monday, largely in line with other Asian markets, as investors pondered the implications of the U.S. Federal Reserve's surprise hawkish shift last week.</p>\n<p>At the close of trade, the Hang Seng index was down 312.27 points, or 1.08%, at 28,489.00. The Hang Seng China Enterprises index fell 0.93% to 10,547.86.</p>\n<p>The sub-index of the Hang Seng tracking energy shares&nbsp;dropped 0.9%, the IT sector slipped 1.2%, the financial sector ended 1.89% lower and the property sector fell 1.16%.</p>\n<p>The top gainer on the Hang Seng was <a href=\"https://laohu8.com/S/AACAF\">AAC Technologies Holdings Inc</a> , which gained 5.15%, while the biggest loser was Haidilao International Holding Ltd , which fell 5.06%.</p>\n<p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 1.07%, while Japan's Nikkei index&nbsp;closed down 3.29%.</p>\n<p>U.S. St. Louis Federal Reserve President James Bullard said on Friday that the U.S. central bank's shift towards a faster tightening of monetary policy was a \"natural\" response to economic growth and particularly inflation moving quicker than expected as the country reopens from the COVID-19 pandemic.</p>\n<p>China kept its benchmark lending rate for corporate and household loans unchanged for the 14th straight month at its June fixing on Monday, in line with market expectations.</p>\n<p>The Financial News, backed by the Peoples Bank of China (PBOC), on Sunday advised against speculating about liquidity tightening and policy direction, saying such action can mislead and roil markets.</p>\n<p>China's main Shanghai Composite index closed up 0.12% at 3,529.18 points, while the blue-chip CSI300 index&nbsp;ended down 0.24%.</p>\n<p>The yuan was quoted at 6.468 per U.S. dollar at 08:10, 0.22% weaker than the previous close of 6.4537.</p>\n<p>At close, China's A-shares were trading at a premium of 38.11% over Hong Kong-listed H-shares.</p>\n<p>(Reporting by the Shanghai Newsroom; Editing by Amy Caren Daniel)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"06666":"恒大物业","00960":"龙湖集团","06862":"海底捞","06186":"中国飞鹤","02018":"瑞声科技","00384":"中国燃气","03333":"中国恒大"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145086038","content_text":"HK->Shanghai Connect daily quota used -1.2%, Shanghai->HK daily quota used -3%\nHSI -1.1%, HSCE -0.9%, CSI300 -0.2%\nFTSE China A50 -0.7%\n\nJune 21 (Reuters) - Hong Kong stocks fell on Monday, largely in line with other Asian markets, as investors pondered the implications of the U.S. Federal Reserve's surprise hawkish shift last week.\nAt the close of trade, the Hang Seng index was down 312.27 points, or 1.08%, at 28,489.00. The Hang Seng China Enterprises index fell 0.93% to 10,547.86.\nThe sub-index of the Hang Seng tracking energy shares dropped 0.9%, the IT sector slipped 1.2%, the financial sector ended 1.89% lower and the property sector fell 1.16%.\nThe top gainer on the Hang Seng was AAC Technologies Holdings Inc , which gained 5.15%, while the biggest loser was Haidilao International Holding Ltd , which fell 5.06%.\nAround the region, MSCI's Asia ex-Japan stock index was weaker by 1.07%, while Japan's Nikkei index closed down 3.29%.\nU.S. St. Louis Federal Reserve President James Bullard said on Friday that the U.S. central bank's shift towards a faster tightening of monetary policy was a \"natural\" response to economic growth and particularly inflation moving quicker than expected as the country reopens from the COVID-19 pandemic.\nChina kept its benchmark lending rate for corporate and household loans unchanged for the 14th straight month at its June fixing on Monday, in line with market expectations.\nThe Financial News, backed by the Peoples Bank of China (PBOC), on Sunday advised against speculating about liquidity tightening and policy direction, saying such action can mislead and roil markets.\nChina's main Shanghai Composite index closed up 0.12% at 3,529.18 points, while the blue-chip CSI300 index ended down 0.24%.\nThe yuan was quoted at 6.468 per U.S. dollar at 08:10, 0.22% weaker than the previous close of 6.4537.\nAt close, China's A-shares were trading at a premium of 38.11% over Hong Kong-listed H-shares.\n(Reporting by the Shanghai Newsroom; Editing by Amy Caren Daniel)","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167298660,"gmtCreate":1624268869550,"gmtModify":1703832012725,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167298660","repostId":"1136994311","repostType":4,"repost":{"id":"1136994311","pubTimestamp":1624267966,"share":"https://www.laohu8.com/m/news/1136994311?lang=&edition=full","pubTime":"2021-06-21 17:32","market":"us","language":"en","title":"Why Biogen Isn't a Buy After Its Alzheimer's Drug Approval","url":"https://stock-news.laohu8.com/highlight/detail?id=1136994311","media":"Motley Fool","summary":"Here's one longtime healthcare expert's perspective.\n\nBiogen(NASDAQ:BIIB)has been a huge winner for ","content":"<blockquote>\n Here's one longtime healthcare expert's perspective.\n</blockquote>\n<p><b>Biogen</b>(NASDAQ:BIIB)has been a huge winner for investors who owned the stock in anticipation of U.S. Food and Drug Administration (FDA) approval of its Alzheimer's disease drug, Aduhelm.&nbsp;In this<i>Motley Fool Live</i>video<b>recorded on June 9</b>, Motley Fool contributors Keith Speights and Brian Orelli discuss one reason why Biogen isn't a buy after its key FDA victory.</p>\n<p><b>Keith Speights:</b>Let's segue then to the obvious question here. The question that a lot of investors are asking now is, \"Should I buy Biogen&nbsp;stock after this big FDA approval for its Alzheimer's disease drug?\" Brian, what should investors be factoring in to their decision making process right now? What's your take on whether or not Biogen is a buy right now?</p>\n<p><b>Brian Orelli:</b>From a valuation standpoint, it's easy to look at historical data and see where they've been trading. I tend to look at price-to-sales just because drug companies, if you use the earnings, it's a little more difficult because they have a lot of one-time events and acquisitions and things like that and licensing deals that throw off their GAAP earnings. Then if you're looking at historical earnings, they usually don't back those out, so I use price-to-sales as a metric.</p>\n<p>Biogen is trading at least after Monday's, after Monday's jump, it was at 4.9 price-to-sales ratio. Last time it traded at that level was in the 2018, 2019 time frame, and at that point, revenue was hovering around 10% growth.</p>\n<p>To justify this price-to-sales ratio, you have to expect that sales are going to grow by 10% per year. Revenue was $13.45 billion in 2020. You need to get to $14.8 billion to get to that 10% growth. Guidance for next year is for it to drop to $10.45 billion to $10.75 billion, and they had already factored in modest revenue from Aduhelm in 2021.</p>\n<p>At the high end, Biogen needs $4 billion in sales to justify the current valuation. Four billion would be completely reasonable for an Alzheimer's disease drug, and $10 billion would probably be reasonable, but that would be a drug that actually helps patients. As we've said, there's not enough data to know whether Aduhelm actually helps patients.</p>\n<p>Medicare, they've got the drug approved so that's good, but they need to get the doctors to prescribe it, and they need to get insurers to cover it. Medicare will probably cover it, but it's an infused product and that means it's covered under Medicare Part B, B as in boy, not D as in drugs. That comes with a 20% copay after reaching the deductible. We're talking about $10,000 for the patients they're going to have to pay on the drug. That's going to really limit sales.</p>\n<p>If you want to look at it at a different way, if you assume the valuation already factors in the fall to around $10.5 billion and then you are looking for 10% growth from there, now you only need $1 billion or so in sales to justify that growth. Maybe that seems a little more doable, but then that assumes that the revenue from the multiple sclerosis drugs, Tecfidera and Rituxan, that are causing the drop this year, and that you have to assume that's going to just stop.</p>\n<p>I don't think that's going to stop, so that means either they're going to generate more than $1 billion to justify 10% growth from 2021-2022. Very long story short, I have a hard time seeing the value of investing at this level.</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>Why Biogen Isn't a Buy After Its Alzheimer's Drug Approval</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Biogen Isn't a Buy After Its Alzheimer's Drug Approval\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 17:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/20/why-biogen-isnt-a-buy-after-its-alzheimers-drug-ap/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here's one longtime healthcare expert's perspective.\n\nBiogen(NASDAQ:BIIB)has been a huge winner for investors who owned the stock in anticipation of U.S. Food and Drug Administration (FDA) approval of...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/20/why-biogen-isnt-a-buy-after-its-alzheimers-drug-ap/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIIB":"渤健公司"},"source_url":"https://www.fool.com/investing/2021/06/20/why-biogen-isnt-a-buy-after-its-alzheimers-drug-ap/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136994311","content_text":"Here's one longtime healthcare expert's perspective.\n\nBiogen(NASDAQ:BIIB)has been a huge winner for investors who owned the stock in anticipation of U.S. Food and Drug Administration (FDA) approval of its Alzheimer's disease drug, Aduhelm. In thisMotley Fool Livevideorecorded on June 9, Motley Fool contributors Keith Speights and Brian Orelli discuss one reason why Biogen isn't a buy after its key FDA victory.\nKeith Speights:Let's segue then to the obvious question here. The question that a lot of investors are asking now is, \"Should I buy Biogen stock after this big FDA approval for its Alzheimer's disease drug?\" Brian, what should investors be factoring in to their decision making process right now? What's your take on whether or not Biogen is a buy right now?\nBrian Orelli:From a valuation standpoint, it's easy to look at historical data and see where they've been trading. I tend to look at price-to-sales just because drug companies, if you use the earnings, it's a little more difficult because they have a lot of one-time events and acquisitions and things like that and licensing deals that throw off their GAAP earnings. Then if you're looking at historical earnings, they usually don't back those out, so I use price-to-sales as a metric.\nBiogen is trading at least after Monday's, after Monday's jump, it was at 4.9 price-to-sales ratio. Last time it traded at that level was in the 2018, 2019 time frame, and at that point, revenue was hovering around 10% growth.\nTo justify this price-to-sales ratio, you have to expect that sales are going to grow by 10% per year. Revenue was $13.45 billion in 2020. You need to get to $14.8 billion to get to that 10% growth. Guidance for next year is for it to drop to $10.45 billion to $10.75 billion, and they had already factored in modest revenue from Aduhelm in 2021.\nAt the high end, Biogen needs $4 billion in sales to justify the current valuation. Four billion would be completely reasonable for an Alzheimer's disease drug, and $10 billion would probably be reasonable, but that would be a drug that actually helps patients. As we've said, there's not enough data to know whether Aduhelm actually helps patients.\nMedicare, they've got the drug approved so that's good, but they need to get the doctors to prescribe it, and they need to get insurers to cover it. Medicare will probably cover it, but it's an infused product and that means it's covered under Medicare Part B, B as in boy, not D as in drugs. That comes with a 20% copay after reaching the deductible. We're talking about $10,000 for the patients they're going to have to pay on the drug. That's going to really limit sales.\nIf you want to look at it at a different way, if you assume the valuation already factors in the fall to around $10.5 billion and then you are looking for 10% growth from there, now you only need $1 billion or so in sales to justify that growth. Maybe that seems a little more doable, but then that assumes that the revenue from the multiple sclerosis drugs, Tecfidera and Rituxan, that are causing the drop this year, and that you have to assume that's going to just stop.\nI don't think that's going to stop, so that means either they're going to generate more than $1 billion to justify 10% growth from 2021-2022. Very long story short, I have a hard time seeing the value of investing at this level.","news_type":1},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121317787,"gmtCreate":1624453817749,"gmtModify":1703837132470,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121317787","repostId":"2145283099","repostType":4,"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}