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2021-06-15

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Why Virgin Galactic's Stock Could Be Set To Soar

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These stocks with pricing power could keep thriving as inflation rises, according to Credit Suisse

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If the company is able to complete the task, Branson would beat&nbsp;Jeff Bezos, who plans to fly to outer space on July 20 aboard Blue Origin’s New Shepard vehicle.</p>\n<p>Virgin Galactic's stock was in desperate need of a sentiment change after&nbsp;pushing back&nbsp;its last test flight that was scheduled for February to May. In the months that followed the company’s Feb. 12 announcement, Virgin Galactic’s stock lost over 70% of its value, retracing all the way down to $14.27 before hitting a bottom.</p>\n<p>Virgin Galactic’s stock has turned around, however, since completing a successful test flight on May 22 and looks set to fly higher.</p>\n<p><b>The Virgin Galactic Chart:</b>Virgin Galactic shot up over 147% between its May 11 bottom and June 9 and on May 24, the first trading day after its successful test flight, gapped up almost 20% and never looked back. It has since been trading in a daily uptrend, making consistently higher highs and higher lows. On June 9, the stock hit a high of $38.65, just shy of its overhead gap in the $39 to $41 range, before consolidating.</p>\n<p>Because gaps fill 90% of the time, it's likely Virgin Galactic will fill its upper gap in the future. There is a lower gap that was created on May 24 between $21.84 and $23.55, too, which could make bulls nervous.&nbsp;Virgin Galactic is trading about 60% above the lower gap, which makes the chances of filling it in the near future less likely.</p>\n<p>In its consolidation, Virgin Galactic has set up a daily bull flag with the pole created between May 24 and June 9 and the flag made between June 10 and Monday.</p>\n<p>On Monday, Virgin Galactic’s stock attempted to break up bullish from the flag but wicked from it. The stock could trade slightly lower within the flag for longer before gaining the power to break bullishly.</p>\n<p>Virgin Galactic is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. The stock is also trading up about 36% above the 200-day simple moving average, which indicates overall sentiment in Virgin Galactic is bullish.</p>\n<p><img src=\"https://static.tigerbbs.com/61d31c33899cf35aa10b97ef5956b877\" tg-width=\"1366\" tg-height=\"768\"></p>\n<p>Bulls want to see bullish volume break Virgin Galactic’s stock up out of the bull flag pattern and for the stock to continue rising to fill the overhead gap. If the stock can pop up into the gap, it has room to move up toward the $45 level.</p>\n<p>Bears want to see bearish volume drop Virgin Galactic down under the flag formation and for it to lose support of the eight-day EMA. If the stock trades below $32.82, it could revisit its next support down near the $27.80 mark.</p>\n<p><b>SPCE Price Action:</b>Virgin Galactic closed up 4% at $36.49.</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 Virgin Galactic's Stock Could Be Set To Soar</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 Virgin Galactic's Stock Could Be Set To Soar\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-15 09:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A recent report that&nbsp;<b>Virgin Galactic Holdings, Inc.</b>(NYSE:SPCE)&nbsp;could sendits founder Sir Richard Branson to space as soon as July 4 has caught the eye of traders and investors. If the company is able to complete the task, Branson would beat&nbsp;Jeff Bezos, who plans to fly to outer space on July 20 aboard Blue Origin’s New Shepard vehicle.</p>\n<p>Virgin Galactic's stock was in desperate need of a sentiment change after&nbsp;pushing back&nbsp;its last test flight that was scheduled for February to May. In the months that followed the company’s Feb. 12 announcement, Virgin Galactic’s stock lost over 70% of its value, retracing all the way down to $14.27 before hitting a bottom.</p>\n<p>Virgin Galactic’s stock has turned around, however, since completing a successful test flight on May 22 and looks set to fly higher.</p>\n<p><b>The Virgin Galactic Chart:</b>Virgin Galactic shot up over 147% between its May 11 bottom and June 9 and on May 24, the first trading day after its successful test flight, gapped up almost 20% and never looked back. It has since been trading in a daily uptrend, making consistently higher highs and higher lows. On June 9, the stock hit a high of $38.65, just shy of its overhead gap in the $39 to $41 range, before consolidating.</p>\n<p>Because gaps fill 90% of the time, it's likely Virgin Galactic will fill its upper gap in the future. There is a lower gap that was created on May 24 between $21.84 and $23.55, too, which could make bulls nervous.&nbsp;Virgin Galactic is trading about 60% above the lower gap, which makes the chances of filling it in the near future less likely.</p>\n<p>In its consolidation, Virgin Galactic has set up a daily bull flag with the pole created between May 24 and June 9 and the flag made between June 10 and Monday.</p>\n<p>On Monday, Virgin Galactic’s stock attempted to break up bullish from the flag but wicked from it. The stock could trade slightly lower within the flag for longer before gaining the power to break bullishly.</p>\n<p>Virgin Galactic is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. The stock is also trading up about 36% above the 200-day simple moving average, which indicates overall sentiment in Virgin Galactic is bullish.</p>\n<p><img src=\"https://static.tigerbbs.com/61d31c33899cf35aa10b97ef5956b877\" tg-width=\"1366\" tg-height=\"768\"></p>\n<p>Bulls want to see bullish volume break Virgin Galactic’s stock up out of the bull flag pattern and for the stock to continue rising to fill the overhead gap. If the stock can pop up into the gap, it has room to move up toward the $45 level.</p>\n<p>Bears want to see bearish volume drop Virgin Galactic down under the flag formation and for it to lose support of the eight-day EMA. If the stock trades below $32.82, it could revisit its next support down near the $27.80 mark.</p>\n<p><b>SPCE Price Action:</b>Virgin Galactic closed up 4% at $36.49.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193309914","content_text":"A recent report that Virgin Galactic Holdings, Inc.(NYSE:SPCE) could sendits founder Sir Richard Branson to space as soon as July 4 has caught the eye of traders and investors. If the company is able to complete the task, Branson would beat Jeff Bezos, who plans to fly to outer space on July 20 aboard Blue Origin’s New Shepard vehicle.\nVirgin Galactic's stock was in desperate need of a sentiment change after pushing back its last test flight that was scheduled for February to May. In the months that followed the company’s Feb. 12 announcement, Virgin Galactic’s stock lost over 70% of its value, retracing all the way down to $14.27 before hitting a bottom.\nVirgin Galactic’s stock has turned around, however, since completing a successful test flight on May 22 and looks set to fly higher.\nThe Virgin Galactic Chart:Virgin Galactic shot up over 147% between its May 11 bottom and June 9 and on May 24, the first trading day after its successful test flight, gapped up almost 20% and never looked back. It has since been trading in a daily uptrend, making consistently higher highs and higher lows. On June 9, the stock hit a high of $38.65, just shy of its overhead gap in the $39 to $41 range, before consolidating.\nBecause gaps fill 90% of the time, it's likely Virgin Galactic will fill its upper gap in the future. There is a lower gap that was created on May 24 between $21.84 and $23.55, too, which could make bulls nervous. Virgin Galactic is trading about 60% above the lower gap, which makes the chances of filling it in the near future less likely.\nIn its consolidation, Virgin Galactic has set up a daily bull flag with the pole created between May 24 and June 9 and the flag made between June 10 and Monday.\nOn Monday, Virgin Galactic’s stock attempted to break up bullish from the flag but wicked from it. The stock could trade slightly lower within the flag for longer before gaining the power to break bullishly.\nVirgin Galactic is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. The stock is also trading up about 36% above the 200-day simple moving average, which indicates overall sentiment in Virgin Galactic is bullish.\n\nBulls want to see bullish volume break Virgin Galactic’s stock up out of the bull flag pattern and for the stock to continue rising to fill the overhead gap. If the stock can pop up into the gap, it has room to move up toward the $45 level.\nBears want to see bearish volume drop Virgin Galactic down under the flag formation and for it to lose support of the eight-day EMA. If the stock trades below $32.82, it could revisit its next support down near the $27.80 mark.\nSPCE Price Action:Virgin Galactic closed up 4% at $36.49.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184764108,"gmtCreate":1623725848104,"gmtModify":1704209692661,"author":{"id":"3575027561293933","authorId":"3575027561293933","name":"Shuangs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575027561293933","authorIdStr":"3575027561293933"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184764108","repostId":"1104367480","repostType":4,"isVote":1,"tweetType":1,"viewCount":478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184768240,"gmtCreate":1623725684480,"gmtModify":1704209687692,"author":{"id":"3575027561293933","authorId":"3575027561293933","name":"Shuangs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575027561293933","authorIdStr":"3575027561293933"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184768240","repostId":"1104367480","repostType":4,"repost":{"id":"1104367480","kind":"news","pubTimestamp":1623720038,"share":"https://ttm.financial/m/news/1104367480?lang=&edition=fundamental","pubTime":"2021-06-15 09:20","market":"us","language":"en","title":"These stocks with pricing power could keep thriving as inflation rises, according to Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1104367480","media":"CNBC","summary":"Companies have done well passing on higher costs this year, but that could change if cost pressures ","content":"<div>\n<p>Companies have done well passing on higher costs this year, but that could change if cost pressures continue, according to a client note put out by Credit Suisse Monday.\nThe bank screened for low-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/14/these-stocks-with-pricing-power-could-keep-thriving-as-inflation-rises-according-to-credit-suisse.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>These stocks with pricing power could keep thriving as inflation rises, according to Credit Suisse</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\">\nThese stocks with pricing power could keep thriving as inflation rises, according to Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 09:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/14/these-stocks-with-pricing-power-could-keep-thriving-as-inflation-rises-according-to-credit-suisse.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Companies have done well passing on higher costs this year, but that could change if cost pressures continue, according to a client note put out by Credit Suisse Monday.\nThe bank screened for low-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/14/these-stocks-with-pricing-power-could-keep-thriving-as-inflation-rises-according-to-credit-suisse.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DHR":"丹纳赫","WMT":"沃尔玛","UNH":"联合健康","LMT":"洛克希德马丁","MMM":"3M","JNJ":"强生","MSFT":"微软","FIS":"繁德信息技术","PFE":"辉瑞"},"source_url":"https://www.cnbc.com/2021/06/14/these-stocks-with-pricing-power-could-keep-thriving-as-inflation-rises-according-to-credit-suisse.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1104367480","content_text":"Companies have done well passing on higher costs this year, but that could change if cost pressures continue, according to a client note put out by Credit Suisse Monday.\nThe bank screened for low-volatility stocks with high pricing power and persistent returns and profitability, which are best represented by healthcare, tech and consumer staples. Companies with strong pricing power tend to outperform during high inflation periods because the companies have the ability to raise prices without a loss of business.\nThe following are Credit Suisse’s strong pricing power stock picks.\nPRICING POWER STOCK PICKS\n\n\n\nTICKER\nCOMPANY\nPRICE\nNAME\n%CHANGE\n\n\n\n\nFIS\nFidelity National Information Services Inc\n146.50\nFIS\n0.58\n\n\nDHR\nDanaher Corp\n247.41\nDHR\n0.16\n\n\nLMT\nLockheed Martin Corp\n389.11\nLMT\n0.36\n\n\nMMM\n3M Co\n201.36\nMMM\n-0.715\n\n\nUNH\nUnitedHealth Group Inc\n399.16\nUNH\n0.32\n\n\nPFE\nPfizer Inc\n39.63\nPFE\n-1.2951\n\n\nWMT\nWalmart Inc\n140.56\nWMT\n-0.135\n\n\nJNJ\nJohnson & Johnson\n165.37\nJNJ\n0.25\n\n\nMSFT\nMicrosoft Corp\n259.89\nMSFT\n0.78\n\n\n\nCredit Suisse included pharma giants like Pfizer and Johnson & Johnson, as the U.S. continues its race to vaccinate people in the U.S. and abroad.Walmart, which is looking to become consumers’ go-to pharmacy, is also on the list along with Microsoft which is diversifying its video game strategy.\n“Goods prices tend to rise long before the cost of labor,” the analysts wrote in the report. “Currently we are in the midst of an early-cycle cost pressure environment, with the output gap globally not closed, wage growth only starting to rise in the US, and [producer price index] inflation running in excess of [consumer price index] inflation.”\nConsumer prices rose 5% year over year in May, the fastest pace since August 2008. On Wednesday the Fed is expected to reiterate its commitment to easy monetary policy.\nCentral bank officials, however, say current inflation rates are temporary factors and will subside as the year goes on and the economy continues to rebound, compared to the same time a year ago when most activity was shut down or restricted.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184768373,"gmtCreate":1623725672492,"gmtModify":1704209687041,"author":{"id":"3575027561293933","authorId":"3575027561293933","name":"Shuangs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575027561293933","authorIdStr":"3575027561293933"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184768373","repostId":"2143473928","repostType":4,"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184785113,"gmtCreate":1623725410632,"gmtModify":1704209678080,"author":{"id":"3575027561293933","authorId":"3575027561293933","name":"Shuangs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575027561293933","authorIdStr":"3575027561293933"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184785113","repostId":"2143736088","repostType":4,"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":184785113,"gmtCreate":1623725410632,"gmtModify":1704209678080,"author":{"id":"3575027561293933","authorId":"3575027561293933","name":"Shuangs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575027561293933","authorIdStr":"3575027561293933"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184785113","repostId":"2143736088","repostType":4,"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184767017,"gmtCreate":1623725884339,"gmtModify":1704209693472,"author":{"id":"3575027561293933","authorId":"3575027561293933","name":"Shuangs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575027561293933","authorIdStr":"3575027561293933"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184767017","repostId":"1193309914","repostType":4,"repost":{"id":"1193309914","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623719704,"share":"https://ttm.financial/m/news/1193309914?lang=&edition=fundamental","pubTime":"2021-06-15 09:15","market":"us","language":"en","title":"Why Virgin Galactic's Stock Could Be Set To Soar","url":"https://stock-news.laohu8.com/highlight/detail?id=1193309914","media":"Benzinga","summary":"A recent report that Virgin Galactic Holdings, Inc.(NYSE:SPCE) could sendits founder Sir Richard Bra","content":"<p>A recent report that&nbsp;<b>Virgin Galactic Holdings, Inc.</b>(NYSE:SPCE)&nbsp;could sendits founder Sir Richard Branson to space as soon as July 4 has caught the eye of traders and investors. If the company is able to complete the task, Branson would beat&nbsp;Jeff Bezos, who plans to fly to outer space on July 20 aboard Blue Origin’s New Shepard vehicle.</p>\n<p>Virgin Galactic's stock was in desperate need of a sentiment change after&nbsp;pushing back&nbsp;its last test flight that was scheduled for February to May. In the months that followed the company’s Feb. 12 announcement, Virgin Galactic’s stock lost over 70% of its value, retracing all the way down to $14.27 before hitting a bottom.</p>\n<p>Virgin Galactic’s stock has turned around, however, since completing a successful test flight on May 22 and looks set to fly higher.</p>\n<p><b>The Virgin Galactic Chart:</b>Virgin Galactic shot up over 147% between its May 11 bottom and June 9 and on May 24, the first trading day after its successful test flight, gapped up almost 20% and never looked back. It has since been trading in a daily uptrend, making consistently higher highs and higher lows. On June 9, the stock hit a high of $38.65, just shy of its overhead gap in the $39 to $41 range, before consolidating.</p>\n<p>Because gaps fill 90% of the time, it's likely Virgin Galactic will fill its upper gap in the future. There is a lower gap that was created on May 24 between $21.84 and $23.55, too, which could make bulls nervous.&nbsp;Virgin Galactic is trading about 60% above the lower gap, which makes the chances of filling it in the near future less likely.</p>\n<p>In its consolidation, Virgin Galactic has set up a daily bull flag with the pole created between May 24 and June 9 and the flag made between June 10 and Monday.</p>\n<p>On Monday, Virgin Galactic’s stock attempted to break up bullish from the flag but wicked from it. The stock could trade slightly lower within the flag for longer before gaining the power to break bullishly.</p>\n<p>Virgin Galactic is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. The stock is also trading up about 36% above the 200-day simple moving average, which indicates overall sentiment in Virgin Galactic is bullish.</p>\n<p><img src=\"https://static.tigerbbs.com/61d31c33899cf35aa10b97ef5956b877\" tg-width=\"1366\" tg-height=\"768\"></p>\n<p>Bulls want to see bullish volume break Virgin Galactic’s stock up out of the bull flag pattern and for the stock to continue rising to fill the overhead gap. If the stock can pop up into the gap, it has room to move up toward the $45 level.</p>\n<p>Bears want to see bearish volume drop Virgin Galactic down under the flag formation and for it to lose support of the eight-day EMA. If the stock trades below $32.82, it could revisit its next support down near the $27.80 mark.</p>\n<p><b>SPCE Price Action:</b>Virgin Galactic closed up 4% at $36.49.</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 Virgin Galactic's Stock Could Be Set To Soar</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 Virgin Galactic's Stock Could Be Set To Soar\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-15 09:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A recent report that&nbsp;<b>Virgin Galactic Holdings, Inc.</b>(NYSE:SPCE)&nbsp;could sendits founder Sir Richard Branson to space as soon as July 4 has caught the eye of traders and investors. If the company is able to complete the task, Branson would beat&nbsp;Jeff Bezos, who plans to fly to outer space on July 20 aboard Blue Origin’s New Shepard vehicle.</p>\n<p>Virgin Galactic's stock was in desperate need of a sentiment change after&nbsp;pushing back&nbsp;its last test flight that was scheduled for February to May. In the months that followed the company’s Feb. 12 announcement, Virgin Galactic’s stock lost over 70% of its value, retracing all the way down to $14.27 before hitting a bottom.</p>\n<p>Virgin Galactic’s stock has turned around, however, since completing a successful test flight on May 22 and looks set to fly higher.</p>\n<p><b>The Virgin Galactic Chart:</b>Virgin Galactic shot up over 147% between its May 11 bottom and June 9 and on May 24, the first trading day after its successful test flight, gapped up almost 20% and never looked back. It has since been trading in a daily uptrend, making consistently higher highs and higher lows. On June 9, the stock hit a high of $38.65, just shy of its overhead gap in the $39 to $41 range, before consolidating.</p>\n<p>Because gaps fill 90% of the time, it's likely Virgin Galactic will fill its upper gap in the future. There is a lower gap that was created on May 24 between $21.84 and $23.55, too, which could make bulls nervous.&nbsp;Virgin Galactic is trading about 60% above the lower gap, which makes the chances of filling it in the near future less likely.</p>\n<p>In its consolidation, Virgin Galactic has set up a daily bull flag with the pole created between May 24 and June 9 and the flag made between June 10 and Monday.</p>\n<p>On Monday, Virgin Galactic’s stock attempted to break up bullish from the flag but wicked from it. The stock could trade slightly lower within the flag for longer before gaining the power to break bullishly.</p>\n<p>Virgin Galactic is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. The stock is also trading up about 36% above the 200-day simple moving average, which indicates overall sentiment in Virgin Galactic is bullish.</p>\n<p><img src=\"https://static.tigerbbs.com/61d31c33899cf35aa10b97ef5956b877\" tg-width=\"1366\" tg-height=\"768\"></p>\n<p>Bulls want to see bullish volume break Virgin Galactic’s stock up out of the bull flag pattern and for the stock to continue rising to fill the overhead gap. If the stock can pop up into the gap, it has room to move up toward the $45 level.</p>\n<p>Bears want to see bearish volume drop Virgin Galactic down under the flag formation and for it to lose support of the eight-day EMA. If the stock trades below $32.82, it could revisit its next support down near the $27.80 mark.</p>\n<p><b>SPCE Price Action:</b>Virgin Galactic closed up 4% at $36.49.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193309914","content_text":"A recent report that Virgin Galactic Holdings, Inc.(NYSE:SPCE) could sendits founder Sir Richard Branson to space as soon as July 4 has caught the eye of traders and investors. If the company is able to complete the task, Branson would beat Jeff Bezos, who plans to fly to outer space on July 20 aboard Blue Origin’s New Shepard vehicle.\nVirgin Galactic's stock was in desperate need of a sentiment change after pushing back its last test flight that was scheduled for February to May. In the months that followed the company’s Feb. 12 announcement, Virgin Galactic’s stock lost over 70% of its value, retracing all the way down to $14.27 before hitting a bottom.\nVirgin Galactic’s stock has turned around, however, since completing a successful test flight on May 22 and looks set to fly higher.\nThe Virgin Galactic Chart:Virgin Galactic shot up over 147% between its May 11 bottom and June 9 and on May 24, the first trading day after its successful test flight, gapped up almost 20% and never looked back. It has since been trading in a daily uptrend, making consistently higher highs and higher lows. On June 9, the stock hit a high of $38.65, just shy of its overhead gap in the $39 to $41 range, before consolidating.\nBecause gaps fill 90% of the time, it's likely Virgin Galactic will fill its upper gap in the future. There is a lower gap that was created on May 24 between $21.84 and $23.55, too, which could make bulls nervous. Virgin Galactic is trading about 60% above the lower gap, which makes the chances of filling it in the near future less likely.\nIn its consolidation, Virgin Galactic has set up a daily bull flag with the pole created between May 24 and June 9 and the flag made between June 10 and Monday.\nOn Monday, Virgin Galactic’s stock attempted to break up bullish from the flag but wicked from it. The stock could trade slightly lower within the flag for longer before gaining the power to break bullishly.\nVirgin Galactic is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. The stock is also trading up about 36% above the 200-day simple moving average, which indicates overall sentiment in Virgin Galactic is bullish.\n\nBulls want to see bullish volume break Virgin Galactic’s stock up out of the bull flag pattern and for the stock to continue rising to fill the overhead gap. If the stock can pop up into the gap, it has room to move up toward the $45 level.\nBears want to see bearish volume drop Virgin Galactic down under the flag formation and for it to lose support of the eight-day EMA. If the stock trades below $32.82, it could revisit its next support down near the $27.80 mark.\nSPCE Price Action:Virgin Galactic closed up 4% at $36.49.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184764108,"gmtCreate":1623725848104,"gmtModify":1704209692661,"author":{"id":"3575027561293933","authorId":"3575027561293933","name":"Shuangs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575027561293933","authorIdStr":"3575027561293933"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184764108","repostId":"1104367480","repostType":4,"isVote":1,"tweetType":1,"viewCount":478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184768240,"gmtCreate":1623725684480,"gmtModify":1704209687692,"author":{"id":"3575027561293933","authorId":"3575027561293933","name":"Shuangs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575027561293933","authorIdStr":"3575027561293933"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184768240","repostId":"1104367480","repostType":4,"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184768373,"gmtCreate":1623725672492,"gmtModify":1704209687041,"author":{"id":"3575027561293933","authorId":"3575027561293933","name":"Shuangs","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575027561293933","authorIdStr":"3575027561293933"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184768373","repostId":"2143473928","repostType":4,"repost":{"id":"2143473928","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623721555,"share":"https://ttm.financial/m/news/2143473928?lang=&edition=fundamental","pubTime":"2021-06-15 09:45","market":"sg","language":"en","title":"Singaporean automotive marketplace Carro says raises $360 mln to become unicorn","url":"https://stock-news.laohu8.com/highlight/detail?id=2143473928","media":"Reuters","summary":"SINGAPORE, June 15 (Reuters) - Singapore-headquartered Carro, a Southeast Asian online automotive ma","content":"<p>SINGAPORE, June 15 (Reuters) - Singapore-headquartered Carro, a Southeast Asian online automotive marketplace, said on Tuesday it has raised $360 million in its latest funding round led by SoftBank Vision Fund 2, becoming the region's latest unicorn.</p>\n<p>\"The valuation for the company is well over a billion dollars,\" CEO and founder of Carro, Aaron Tan, told Reuters. He did not provide a specific number.</p>\n<p>Carro will use the fresh capital to expand into new locations and grow its business in its existing markets - Indonesia, Thailand, Malaysia, and Singapore. It also plans to expand its portfolio of financial services and accelerate development of artificial intelligence capabilities.</p>\n<p>Carro's platform allows consumers and wholesale businesses to buy and sell vehicles along with providing insurance and financing services.</p>\n<p>Other investors in the new round of financing include several prominent Indonesian based funds including EV Growth, it said.</p>\n<p>Since being founded in 2015, Carro has raised more than $400 million in equity and $200 million in debt. Its previous investors include SoftBank Ventures Asia, EDBI Pte, Insignia Ventures Partners and B Capital Group.</p>\n<p>The company has started preparing internally for an initial public offering, Tan said.</p>\n<p>\"The plan is to IPO the company, hopefully, in the next 18-24 months in the U.S., depending on whether the market holds,\" he said.</p>\n<p>While Carro saw an initial decline in business due to the COVID-19 pandemic, like other digital businesses, the company is now benefiting from users shifting to online transactions.</p>\n<p>\"People are more willing to buy vehicles entirely online without the need to visit a showroom,\" he said.</p>\n<p>Carro booked revenues of $300 million for the year ending March 2021 and has registered positive EBITDA (earnings before interest, taxes, depreciation, and amortization) for two years.</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>Singaporean automotive marketplace Carro says raises $360 mln to become unicorn</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\">\nSingaporean automotive marketplace Carro says raises $360 mln to become unicorn\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\">2021-06-15 09:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SINGAPORE, June 15 (Reuters) - Singapore-headquartered Carro, a Southeast Asian online automotive marketplace, said on Tuesday it has raised $360 million in its latest funding round led by SoftBank Vision Fund 2, becoming the region's latest unicorn.</p>\n<p>\"The valuation for the company is well over a billion dollars,\" CEO and founder of Carro, Aaron Tan, told Reuters. He did not provide a specific number.</p>\n<p>Carro will use the fresh capital to expand into new locations and grow its business in its existing markets - Indonesia, Thailand, Malaysia, and Singapore. It also plans to expand its portfolio of financial services and accelerate development of artificial intelligence capabilities.</p>\n<p>Carro's platform allows consumers and wholesale businesses to buy and sell vehicles along with providing insurance and financing services.</p>\n<p>Other investors in the new round of financing include several prominent Indonesian based funds including EV Growth, it said.</p>\n<p>Since being founded in 2015, Carro has raised more than $400 million in equity and $200 million in debt. Its previous investors include SoftBank Ventures Asia, EDBI Pte, Insignia Ventures Partners and B Capital Group.</p>\n<p>The company has started preparing internally for an initial public offering, Tan said.</p>\n<p>\"The plan is to IPO the company, hopefully, in the next 18-24 months in the U.S., depending on whether the market holds,\" he said.</p>\n<p>While Carro saw an initial decline in business due to the COVID-19 pandemic, like other digital businesses, the company is now benefiting from users shifting to online transactions.</p>\n<p>\"People are more willing to buy vehicles entirely online without the need to visit a showroom,\" he said.</p>\n<p>Carro booked revenues of $300 million for the year ending March 2021 and has registered positive EBITDA (earnings before interest, taxes, depreciation, and amortization) for two years.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143473928","content_text":"SINGAPORE, June 15 (Reuters) - Singapore-headquartered Carro, a Southeast Asian online automotive marketplace, said on Tuesday it has raised $360 million in its latest funding round led by SoftBank Vision Fund 2, becoming the region's latest unicorn.\n\"The valuation for the company is well over a billion dollars,\" CEO and founder of Carro, Aaron Tan, told Reuters. He did not provide a specific number.\nCarro will use the fresh capital to expand into new locations and grow its business in its existing markets - Indonesia, Thailand, Malaysia, and Singapore. It also plans to expand its portfolio of financial services and accelerate development of artificial intelligence capabilities.\nCarro's platform allows consumers and wholesale businesses to buy and sell vehicles along with providing insurance and financing services.\nOther investors in the new round of financing include several prominent Indonesian based funds including EV Growth, it said.\nSince being founded in 2015, Carro has raised more than $400 million in equity and $200 million in debt. Its previous investors include SoftBank Ventures Asia, EDBI Pte, Insignia Ventures Partners and B Capital Group.\nThe company has started preparing internally for an initial public offering, Tan said.\n\"The plan is to IPO the company, hopefully, in the next 18-24 months in the U.S., depending on whether the market holds,\" he said.\nWhile Carro saw an initial decline in business due to the COVID-19 pandemic, like other digital businesses, the company is now benefiting from users shifting to online transactions.\n\"People are more willing to buy vehicles entirely online without the need to visit a showroom,\" he said.\nCarro booked revenues of $300 million for the year ending March 2021 and has registered positive EBITDA (earnings before interest, taxes, depreciation, and amortization) for two years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}