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Cheekenrise

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2021-09-22

Thank you for sharing!

@小虎AV: 【Toast今晚上市，估值約180億美元】以餐廳爲中心的支付軟件製造商Toast Inc.將於今晚上市，估值約180億美元，2年前，首席執行官 Chris Comparato 與彭博社的 Carol Massar 就“彭博科技”討論了餐廳管理平臺的業務戰略。當時老闆說自己還不想上市哈哈[吃瓜] $Toast, Inc.(TOST)$

2021-03-12

New volatile environment will breed better investors !

A stunning fall and a recovery: How the stock market has evolved one year since Covid hit

2021-03-12

I think this new 24/7 volatile environment is good for everyone - more information and discourse is available to more people, enabling deeper discussions about securities and markets - this will probably make markets more efficient !

A stunning fall and a recovery: How the stock market has evolved one year since Covid hit

2021-03-11

What’s with roblox?

Cathie Wood’s Magic Touch Lives On as Ark Stake Boosts Roblox

2021-03-09

Definitely over valued at p-s 168 times!

Why Is Snowflake Stock Down So Much?

Go to Tiger App to see more news

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you for sharing!","listText":"Thank you for sharing!","text":"Thank you for sharing!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869597464","repostId":"869501871","repostType":1,"repost":{"id":869501871,"gmtCreate":1632299379089,"gmtModify":1676530746381,"author":{"id":"3514329116425907","authorId":"3514329116425907","name":"小虎AV","avatar":"https://static.tigerbbs.com/91101bd3142b32495c3131036d5f8afa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514329116425907","authorIdStr":"3514329116425907"},"themes":[],"htmlText":"\n \n \n  【Toast今晚上市，估值約180億美元】以餐廳爲中心的支付軟件製造商Toast Inc.將於今晚上市，估值約180億美元，2年前， 首席執行官 Chris Comparato 與彭博社的 Carol Massar 就“彭博科技”討論了餐廳管理平臺的業務戰略。當時老闆說自己還不想上市哈哈[吃瓜] <a href=\"https://laohu8.com/S/TOST\">$Toast, Inc.(TOST)$</a>\n \n","listText":"【Toast今晚上市，估值約180億美元】以餐廳爲中心的支付軟件製造商Toast Inc.將於今晚上市，估值約180億美元，2年前， 首席執行官 Chris Comparato 與彭博社的 Carol Massar 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the market is in a solid position to continue to rally. It’s now being led by sectors that had ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.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>A stunning fall and a recovery: How the stock market has evolved one year since Covid hit</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 stunning fall and a recovery: How the stock market has evolved one year since Covid hit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164162618","content_text":"KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had been very unlikely leaders — like energy and industrials.\nAs the world changed, so did the market. A new group of younger investors became much more active in individual stocks and options.\nStrategists say the market is now subject to a much more volatile economy than it has been used to, and tech could continue to lag some of the more cyclical stocks.\n\nA year after the pandemic forced the nation into a shutdown, the stock market has been overhauled in ways that Wall Street never imagined.\nLast March, stocks plunged as the world faced the frightening spread of a virus many had thought would never make its way to the United States. The S&P 500 lost more than 15% in a searing decline on March 11 and 12. The index plummeted more than 30% by March 23.\nPerhaps even more surprising than the fall was the market rebound that followed, powered by the twin booster engines of monetary and fiscal policy, including a rollout of programs from the Federal Reserve. The S&P 500 is up nearly 80% from the low that March and just hit a fresh record on Thursday.\n“The policy response was meaningful and significant, and as a result prevented what could have been a far worse outcome,” said Tobias Levkovich, chief U.S. equity strategist at Citi.\nThe virus was a great equalizer. Much of the country was learning to work and attend school from home. Meanwhile, restaurants, gyms and other places where people gathered were closed or changed dramatically.\nBut America adapted, and so did investors.\nThey ran up tech stocks that benefitted from a homebound populace, including Netflix,Zoom,Amazon and Peloton.\n\nWhen the economy began to reopen, money moved into recovery-themed stocks, including energy, industrials, materials and financials. These sectors now lead the market, displacing high-flying tech shares.\nAfter years of a steadily growing economy, the pandemic resulted in a shocking decline in gross domestic product.A sharp rebound followed, aided by easy monetary policy and blasts of fiscal spending.\nThe $1.9 trillion stimulus package,signed into law by President Joe Biden on Thursday, will be rolling out amid an uneven recovery. The service sector had never before led the economy into recession; it is the last to come back. About 10 million people are still unemployed.\n“Economic volatility is here to stay...and that is different than the last 30 years,” said Julian Emanuel, head of equities and derivatives strategy at BTIG.\n“There’s no escaping that when you think about the combination of [GDP] being down 31% for one quarter and up 33% in the next quarter,” he said.\n“Applying record stimulus, the equivalent of about 36.2% of GDP in the subsequent year...it’s just going to be an environment where the quarter-to-quarter swings are going to be much greater than they were,” Emanuel added.\nNew investors\nDuring the past year, a new cohort of retail investors — many using no-fee online trading platforms —became an important part of the market.\nGoldman Sachs expects households to be the biggest source of demand for stocks this year, with $350 billion to flow into the market, compared to $300 billion from corporations.\n“It’s newer and younger investors who are embracing speculation like never before, as evidenced by call options volumes that are multiples of prior years’ record volumes,” said Emanuel of BTIG.\nInvestors are also using record amounts of margin debt to finance their investments.\nFor now, the most speculative activity is focused on meme stocks, Emanuel said.\n\nGameStop is the poster child for this volatility, a stock that was given up for dead by many but embraced by a group of retail investors.\nInstead of calling their brokers, these traders turned to to the internet. WallStreetBets, a forum on Reddit, became a powerful force in market activity.\n“The question is will it end up like it did at the end of the rally in 1999 and 2000,” said Emanuel of BTIG. “Could it end up in a very strong parabolic-like surge across the entire stock market?”\nCiti’s Levkovich said investors tend to sell momentum as much as they buy momentum.\n“The moves we’ve seen in stock prices, where they can double or triple in a day,” he said. “The incredible issuance of SPACs, the crypto stuff — a lot of these are signs of too much liquidity generating speculative behavior.”\nNonetheless, the market rewards have been huge.Tesla, for instance, is up 630% since March 23, while Etsy is up more than 520%,Freeport-McMoRan 540% and L Brands is up 500%.\nStocks have also not really been challenged by bonds for investment dollars, even with the recent rise in yields.\n“Why as a 20- or 30-year-old would you want to buy a fixed income investment if the expectation for inflation is 2% and the Fed is telling you, it’s not going to stop with liquidity until inflation is sustainably above 2%,” said Emanuel of BTIG. “Because real yields are so low, it continues to be a good time for equity investment.”\nThe benchmark 10-year Treasury yield has moved higher lately, as the promise of the latest fiscal stimulus package has boosted the outlook for growth.\nEconomists expect the economy could grow by 6% this year. The 10-year yield, which moves opposite price, was at about 1.53% Thursday, well off its year low of 0.50% but below its recent high of 1.61%.\nMarket now in mid-cycle\nSam Stovall, chief investment strategist at CFRA Research, expects the market to move higher this year.\nHe also says it’s due for a bigger correction than the market sell-offs that took place from mid-February to last week. In that period, the S&P 500 at the time sold off close to 6%, while the Nasdaq fell more than 10%.\n“When I look at all the historical facts that say stocks are overpriced, it gets me scared,” said Stovall. “The S&P market cap is 140% of nominal GDP and the S&P average is 62%.”\nThe market has also had only one sizeable correction since it took off in March.\n“We are more than 20% above where we were the last time we had a meaningful decline, which ended on Sept. 23,” Stovall said.\nThe market has now moved to a mid-cycle period, “after a fast and furious ‘Recovery’ regime,” Bank of America found. Strategists at the firm said that should mean a period of continued gains.\nIn this type of market environment, “typically capex outpaces consumption, rates rise and ‘good inflation’ picks up,” Bank of America said, referring to capital expenditures.\nThis phase could come to an end when “good” inflation turns into “bad” inflation, with prices rising too much and hurting margins. Bank of America’s strategists say this period could also last longer than the average nine months.\nCyclicals and value should lead\nCyclicals and value stocks are expected to continue to outperform. Wall Street strategists have a median target of 4,100 on the S&P 500 for year-end.\nCiti’s Levkovich said he does not expect the market to go much further than it already has this year. He expects the S&P 500 to trade between 3,600 and 4,000 — very close to where it is now — and end the year at 3,800, the lowest forecast in CNBC’s Strategist Survey.\nOn Thursday, the S&P 500 closed at 3,939.\n“People are positioned very bullishly, and that prevents downside risk to the market,” Levkovich said. But the market can also not gain the way it did when tech and growth were the leaders.\n\nWhen the technology and internet growth names were still the leaders, a handful of stocks were responsible for the bulk of the index gains. Some of those names, like Apple and Amazon,have suffered double-digit declines.\nThe energy and materials sectors have doubled in price since last March, while industrials and financials are up about 95%. Tech is up about 83%. Meanwhile, communications services, including internet names, are up about 72%.\n\n“If you lose the leadership of the big dogs, it’s going to hold back the market, even if the other guys are going up,” Levkovich of Citi said. “They’re not as big as the huskies...the valuations are different if you lose some of the big tech names.”\nLater in the year, the market could struggle with cyclicals and value stocks as leaders, Levkovich said.\n“We might be in a position where later in the year we could see some of the expectations around value and cyclicals disappoint, and then I think you see the rotation back to growth,” he said.\nJust as the course of the economy will be decided by the course of the virus and the success of the vaccines, the stock market will be driven by the same factors.\n“Everybody thinks the world will be a lot better in the second half,” Levkovich said. “If there are any hiccups — let’s say it’s a Covid outbreak where we didn’t contain it enough — that would be a disappointment.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328425139,"gmtCreate":1615553987121,"gmtModify":1704784464905,"author":{"id":"3575071283005317","authorId":"3575071283005317","name":"Cheekenrise","avatar":"https://static.tigerbbs.com/92239632b288189725fddad7d9b0eef3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575071283005317","authorIdStr":"3575071283005317"},"themes":[],"htmlText":"I think this new 24/7&nbsp;volatile environment is good for everyone - more information and discourse is available to more people, enabling deeper discussions about securities and markets - this will probably make markets more efficient !","listText":"I think this new 24/7&nbsp;volatile environment is good for everyone - more information and discourse is available to more people, enabling deeper discussions about securities and markets - this will probably make markets more efficient !","text":"I think this new 24/7 volatile environment is good for everyone - more information and discourse is available to more people, enabling deeper discussions about securities and markets - this will probably make markets more efficient !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328425139","repostId":"1164162618","repostType":4,"repost":{"id":"1164162618","kind":"news","pubTimestamp":1615552572,"share":"https://ttm.financial/m/news/1164162618?lang=&edition=fundamental","pubTime":"2021-03-12 20:36","market":"us","language":"en","title":"A stunning fall and a recovery: How the stock market has evolved one year since Covid hit","url":"https://stock-news.laohu8.com/highlight/detail?id=1164162618","media":"cnbc","summary":"KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows an","content":"<div>\n<p>KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.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>A stunning fall and a recovery: How the stock market has evolved one year since Covid hit</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 stunning fall and a recovery: How the stock market has evolved one year since Covid hit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164162618","content_text":"KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had been very unlikely leaders — like energy and industrials.\nAs the world changed, so did the market. A new group of younger investors became much more active in individual stocks and options.\nStrategists say the market is now subject to a much more volatile economy than it has been used to, and tech could continue to lag some of the more cyclical stocks.\n\nA year after the pandemic forced the nation into a shutdown, the stock market has been overhauled in ways that Wall Street never imagined.\nLast March, stocks plunged as the world faced the frightening spread of a virus many had thought would never make its way to the United States. The S&P 500 lost more than 15% in a searing decline on March 11 and 12. The index plummeted more than 30% by March 23.\nPerhaps even more surprising than the fall was the market rebound that followed, powered by the twin booster engines of monetary and fiscal policy, including a rollout of programs from the Federal Reserve. The S&P 500 is up nearly 80% from the low that March and just hit a fresh record on Thursday.\n“The policy response was meaningful and significant, and as a result prevented what could have been a far worse outcome,” said Tobias Levkovich, chief U.S. equity strategist at Citi.\nThe virus was a great equalizer. Much of the country was learning to work and attend school from home. Meanwhile, restaurants, gyms and other places where people gathered were closed or changed dramatically.\nBut America adapted, and so did investors.\nThey ran up tech stocks that benefitted from a homebound populace, including Netflix,Zoom,Amazon and Peloton.\n\nWhen the economy began to reopen, money moved into recovery-themed stocks, including energy, industrials, materials and financials. These sectors now lead the market, displacing high-flying tech shares.\nAfter years of a steadily growing economy, the pandemic resulted in a shocking decline in gross domestic product.A sharp rebound followed, aided by easy monetary policy and blasts of fiscal spending.\nThe $1.9 trillion stimulus package,signed into law by President Joe Biden on Thursday, will be rolling out amid an uneven recovery. The service sector had never before led the economy into recession; it is the last to come back. About 10 million people are still unemployed.\n“Economic volatility is here to stay...and that is different than the last 30 years,” said Julian Emanuel, head of equities and derivatives strategy at BTIG.\n“There’s no escaping that when you think about the combination of [GDP] being down 31% for one quarter and up 33% in the next quarter,” he said.\n“Applying record stimulus, the equivalent of about 36.2% of GDP in the subsequent year...it’s just going to be an environment where the quarter-to-quarter swings are going to be much greater than they were,” Emanuel added.\nNew investors\nDuring the past year, a new cohort of retail investors — many using no-fee online trading platforms —became an important part of the market.\nGoldman Sachs expects households to be the biggest source of demand for stocks this year, with $350 billion to flow into the market, compared to $300 billion from corporations.\n“It’s newer and younger investors who are embracing speculation like never before, as evidenced by call options volumes that are multiples of prior years’ record volumes,” said Emanuel of BTIG.\nInvestors are also using record amounts of margin debt to finance their investments.\nFor now, the most speculative activity is focused on meme stocks, Emanuel said.\n\nGameStop is the poster child for this volatility, a stock that was given up for dead by many but embraced by a group of retail investors.\nInstead of calling their brokers, these traders turned to to the internet. WallStreetBets, a forum on Reddit, became a powerful force in market activity.\n“The question is will it end up like it did at the end of the rally in 1999 and 2000,” said Emanuel of BTIG. “Could it end up in a very strong parabolic-like surge across the entire stock market?”\nCiti’s Levkovich said investors tend to sell momentum as much as they buy momentum.\n“The moves we’ve seen in stock prices, where they can double or triple in a day,” he said. “The incredible issuance of SPACs, the crypto stuff — a lot of these are signs of too much liquidity generating speculative behavior.”\nNonetheless, the market rewards have been huge.Tesla, for instance, is up 630% since March 23, while Etsy is up more than 520%,Freeport-McMoRan 540% and L Brands is up 500%.\nStocks have also not really been challenged by bonds for investment dollars, even with the recent rise in yields.\n“Why as a 20- or 30-year-old would you want to buy a fixed income investment if the expectation for inflation is 2% and the Fed is telling you, it’s not going to stop with liquidity until inflation is sustainably above 2%,” said Emanuel of BTIG. “Because real yields are so low, it continues to be a good time for equity investment.”\nThe benchmark 10-year Treasury yield has moved higher lately, as the promise of the latest fiscal stimulus package has boosted the outlook for growth.\nEconomists expect the economy could grow by 6% this year. The 10-year yield, which moves opposite price, was at about 1.53% Thursday, well off its year low of 0.50% but below its recent high of 1.61%.\nMarket now in mid-cycle\nSam Stovall, chief investment strategist at CFRA Research, expects the market to move higher this year.\nHe also says it’s due for a bigger correction than the market sell-offs that took place from mid-February to last week. In that period, the S&P 500 at the time sold off close to 6%, while the Nasdaq fell more than 10%.\n“When I look at all the historical facts that say stocks are overpriced, it gets me scared,” said Stovall. “The S&P market cap is 140% of nominal GDP and the S&P average is 62%.”\nThe market has also had only one sizeable correction since it took off in March.\n“We are more than 20% above where we were the last time we had a meaningful decline, which ended on Sept. 23,” Stovall said.\nThe market has now moved to a mid-cycle period, “after a fast and furious ‘Recovery’ regime,” Bank of America found. Strategists at the firm said that should mean a period of continued gains.\nIn this type of market environment, “typically capex outpaces consumption, rates rise and ‘good inflation’ picks up,” Bank of America said, referring to capital expenditures.\nThis phase could come to an end when “good” inflation turns into “bad” inflation, with prices rising too much and hurting margins. Bank of America’s strategists say this period could also last longer than the average nine months.\nCyclicals and value should lead\nCyclicals and value stocks are expected to continue to outperform. Wall Street strategists have a median target of 4,100 on the S&P 500 for year-end.\nCiti’s Levkovich said he does not expect the market to go much further than it already has this year. He expects the S&P 500 to trade between 3,600 and 4,000 — very close to where it is now — and end the year at 3,800, the lowest forecast in CNBC’s Strategist Survey.\nOn Thursday, the S&P 500 closed at 3,939.\n“People are positioned very bullishly, and that prevents downside risk to the market,” Levkovich said. But the market can also not gain the way it did when tech and growth were the leaders.\n\nWhen the technology and internet growth names were still the leaders, a handful of stocks were responsible for the bulk of the index gains. Some of those names, like Apple and Amazon,have suffered double-digit declines.\nThe energy and materials sectors have doubled in price since last March, while industrials and financials are up about 95%. Tech is up about 83%. Meanwhile, communications services, including internet names, are up about 72%.\n\n“If you lose the leadership of the big dogs, it’s going to hold back the market, even if the other guys are going up,” Levkovich of Citi said. “They’re not as big as the huskies...the valuations are different if you lose some of the big tech names.”\nLater in the year, the market could struggle with cyclicals and value stocks as leaders, Levkovich said.\n“We might be in a position where later in the year we could see some of the expectations around value and cyclicals disappoint, and then I think you see the rotation back to growth,” he said.\nJust as the course of the economy will be decided by the course of the virus and the success of the vaccines, the stock market will be driven by the same factors.\n“Everybody thinks the world will be a lot better in the second half,” Levkovich said. “If there are any hiccups — let’s say it’s a Covid outbreak where we didn’t contain it enough — that would be a disappointment.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328053259,"gmtCreate":1615475763171,"gmtModify":1704783383383,"author":{"id":"3575071283005317","authorId":"3575071283005317","name":"Cheekenrise","avatar":"https://static.tigerbbs.com/92239632b288189725fddad7d9b0eef3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575071283005317","authorIdStr":"3575071283005317"},"themes":[],"htmlText":"What’s with roblox?&nbsp;","listText":"What’s with roblox?&nbsp;","text":"What’s with roblox?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328053259","repostId":"2118981027","repostType":4,"repost":{"id":"2118981027","kind":"news","pubTimestamp":1615471674,"share":"https://ttm.financial/m/news/2118981027?lang=&edition=fundamental","pubTime":"2021-03-11 22:07","market":"us","language":"en","title":"Cathie Wood’s Magic Touch Lives On as Ark Stake Boosts Roblox","url":"https://stock-news.laohu8.com/highlight/detail?id=2118981027","media":"Bloomberg","summary":"Digital games firm jumps in early trading as Ark reveals stake\nWood’s funds have struggled amid tech","content":"<ul>\n <li>Digital games firm jumps in early trading as Ark reveals stake</li>\n <li>Wood’s funds have struggled amid tech selloff in recent weeks</li>\n</ul>\n<p>A rough period of performance for Cathie Wood hasn’t diminished her ability to supercharge a stock’s fortunes, if Roblox Corp. is anything to go by.</p>\n<p>The newly-listed digital games company jumped in early trading on Thursday, set to build on a stellar first-day rally after Wood’s Ark Investment Management revealed that it took a stake in the firm.</p>\n<p>The $7.1 billion ARK Next Generation Internet exchange-traded fund (ticker ARKW) purchased more than 500,000 Roblox shares, according to the latest data on Ark’s website. The New York-based firm lists the market value of the stake as a little over $36 million.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a7cda7e86ceb205b99f43f565fd88e\" tg-width=\"837\" tg-height=\"470\"></p>\n<p>It’s another good sign for Wood, whose funds have been recovering after they were caught in a broad tech selloff that spurred three weeks of losses. At the height of the frenzy surrounding Ark in recent months, the firm fueled rallies in the likes of <a href=\"https://laohu8.com/S/DKNG\">DraftKings Inc.</a> after announcing stakes and even triggered gains for competitors by revealing plans for a space ETF.</p>\n<p>Roblox was 13% higher at $78.50 as of 6:19 a.m. in New York, after a 54% surge in its debut on Wednesday.</p>\n<p>The company, based in San Mateo, California, is <a href=\"https://laohu8.com/S/AONE\">one</a> of a handful to have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock. Roblox has seen its revenue and valuation swell as the pandemic kept people at home and in search of entertainment.</p>\n<p>ARKW climbed 3.9% in the pre-market. Wood’s flagship fund, the <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (ARKK) rose 4.3%. It posted the biggest jump on record earlier this week amid a rebound of tech shares.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s Magic Touch Lives On as Ark Stake Boosts Roblox</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\">\nCathie Wood’s Magic Touch Lives On as Ark Stake Boosts Roblox\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 22:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-11/roblox-extends-surge-as-cathie-wood-s-ark-invest-takes-a-stake?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Digital games firm jumps in early trading as Ark reveals stake\nWood’s funds have struggled amid tech selloff in recent weeks\n\nA rough period of performance for Cathie Wood hasn’t diminished her ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-11/roblox-extends-surge-as-cathie-wood-s-ark-invest-takes-a-stake?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","RBLX":"Roblox Corporation","DKNG":"DraftKings Inc.","ARKW":"ARK Next Generation Internation ETF"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-11/roblox-extends-surge-as-cathie-wood-s-ark-invest-takes-a-stake?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118981027","content_text":"Digital games firm jumps in early trading as Ark reveals stake\nWood’s funds have struggled amid tech selloff in recent weeks\n\nA rough period of performance for Cathie Wood hasn’t diminished her ability to supercharge a stock’s fortunes, if Roblox Corp. is anything to go by.\nThe newly-listed digital games company jumped in early trading on Thursday, set to build on a stellar first-day rally after Wood’s Ark Investment Management revealed that it took a stake in the firm.\nThe $7.1 billion ARK Next Generation Internet exchange-traded fund (ticker ARKW) purchased more than 500,000 Roblox shares, according to the latest data on Ark’s website. The New York-based firm lists the market value of the stake as a little over $36 million.\n\nIt’s another good sign for Wood, whose funds have been recovering after they were caught in a broad tech selloff that spurred three weeks of losses. At the height of the frenzy surrounding Ark in recent months, the firm fueled rallies in the likes of DraftKings Inc. after announcing stakes and even triggered gains for competitors by revealing plans for a space ETF.\nRoblox was 13% higher at $78.50 as of 6:19 a.m. in New York, after a 54% surge in its debut on Wednesday.\nThe company, based in San Mateo, California, is one of a handful to have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock. Roblox has seen its revenue and valuation swell as the pandemic kept people at home and in search of entertainment.\nARKW climbed 3.9% in the pre-market. Wood’s flagship fund, the ARK Innovation ETF (ARKK) rose 4.3%. It posted the biggest jump on record earlier this week amid a rebound of tech shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323958444,"gmtCreate":1615300763888,"gmtModify":1704780823475,"author":{"id":"3575071283005317","authorId":"3575071283005317","name":"Cheekenrise","avatar":"https://static.tigerbbs.com/92239632b288189725fddad7d9b0eef3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575071283005317","authorIdStr":"3575071283005317"},"themes":[],"htmlText":"Definitely over valued at p-s 168 times!","listText":"Definitely over valued at p-s 168 times!","text":"Definitely over valued at p-s 168 times!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323958444","repostId":"2118646392","repostType":4,"repost":{"id":"2118646392","kind":"news","pubTimestamp":1615299122,"share":"https://ttm.financial/m/news/2118646392?lang=&edition=fundamental","pubTime":"2021-03-09 22:12","market":"us","language":"en","title":"Why Is Snowflake Stock Down So Much?","url":"https://stock-news.laohu8.com/highlight/detail?id=2118646392","media":"Motley Fool","summary":"The cloud data darling has lost nearly 50% of its value in just a few months.","content":"<p>The cloud data darling has lost nearly 50% of its value in just a few months.</p>\n<p>Investors who bet on cloud data company<b><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a></b> (NYSE:SNOW) when it went public last year have been on quite the rollercoaster ride. The stock went public at $120 per share and shot up to around $240 per share on day <a href=\"https://laohu8.com/S/AONE\">one</a>. It then soared to a high of $429 per share in early December. At its peak, the company was worth over $100 billion.</p>\n<p>Things have not gone well since then. Snowflake stock slumped as 2020 came to a close, and the recent sell-off in high-flying tech stocks led shares of Snowflake to dive again. The stock now trades for around $230 per share, down about 46% from its peak and below where it closed after its first day of trading.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/259ec5d61514eb530db64fa4f28870e5\" tg-width=\"720\" tg-height=\"419\"><span>SNOW data by YCharts</span></p>\n<p>Why is this happening? It's certainly not due to the performance of the company. Revenue soared 117% in Snowflake's latest quarter, and it guided for product revenue to nearly double in the first quarter of the current fiscal year. The company also reported a net revenue retention rate of 168%, which indicates that its current customers are ramping up spending at a healthy rate.</p>\n<p>Snowflake isn't profitable, and the bottom line is only getting worse, but the stock market hasn't really cared about profits any time recently. Growth has been all that matters. Snowflake booked a net loss of nearly $200 million in its latest quarter, and a net loss of over $500 million for the full fiscal year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/072d24471b48f7bdc551d253c1c8b0e2\" tg-width=\"700\" tg-height=\"393\"><span>Image source: Getty Images.</span></p>\n<p>Those massive losses are probably not the reason for the abysmal performance of Snowflake stock, or at least not the only reason. More likely, this is a case of a stock that has simply soared too high too fast.</p>\n<p><b>A crazy multiple</b></p>\n<p>Snowflake's rapid growth certainly implies that the stock deserves to be valued at a premium to slower-growing companies. But things got a little out of hand last year. Snowflake generated about $590 million of revenue in the fiscal year that ended in January. At its peak market capitalization of about $110 billion, the company was valued at a staggering 186 times annual sales.</p>\n<p>Yes, revenue is still growing very quickly, so that multiple will come down fast over time. But to get a sense of exactly how expensive Snowflake was at its peak, here's a chart of price-to-sales ratios for some dot-com bubble darlings in the late 1990s and early 2000s:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e395188c2dc374bb0edc0538d74b1f7\" tg-width=\"720\" tg-height=\"410\"><span>ADBE PS Ratio data by YCharts</span></p>\n<p>Of course, many companies during the dot-com bubble had little or no revenue and were valued at hundreds of millions of dollars. Such a high price-to-sales ratio would be more understandable if Snowflake was much smaller. But this is a company that was valued at more than $100 billion at its peak.<b>Microsoft</b>'s price-to-sales ratio when it was worth $100 billion in the late 1990s was around 10.</p>\n<p>Even after declining by nearly 50%, Snowflake stock still trades for over 80 times annual sales. If you knew the company would continue to nearly double revenue each year for the next few years, it could make sense to pay that much. But that kind of growth gets tougher to achieve as the numbers get bigger. Doubling revenue when you're doing a few hundred million dollars annually is a lot easier than when you're doing a few billion dollars annually.</p>\n<p>What happens next to Snowflake stock is anyone's guess. If investors get any whiff of a growth slowdown this year, the stock could very well keep tumbling. And even if Snowflake keep growing fast and beats analyst estimates at every turn, a sentiment shift away from profitless growth stocks could create a major headwind for the stock.</p>\n<p>How much is Snowflake really worth? Who knows? But it's probably not worth 186 times sales.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Snowflake Stock Down So Much?</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 Is Snowflake Stock Down So Much?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-09 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/09/why-is-snowflake-stock-down-so-much/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The cloud data darling has lost nearly 50% of its value in just a few months.\nInvestors who bet on cloud data companySnowflake (NYSE:SNOW) when it went public last year have been on quite the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/09/why-is-snowflake-stock-down-so-much/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake"},"source_url":"https://www.fool.com/investing/2021/03/09/why-is-snowflake-stock-down-so-much/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118646392","content_text":"The cloud data darling has lost nearly 50% of its value in just a few months.\nInvestors who bet on cloud data companySnowflake (NYSE:SNOW) when it went public last year have been on quite the rollercoaster ride. The stock went public at $120 per share and shot up to around $240 per share on day one. It then soared to a high of $429 per share in early December. At its peak, the company was worth over $100 billion.\nThings have not gone well since then. Snowflake stock slumped as 2020 came to a close, and the recent sell-off in high-flying tech stocks led shares of Snowflake to dive again. The stock now trades for around $230 per share, down about 46% from its peak and below where it closed after its first day of trading.\nSNOW data by YCharts\nWhy is this happening? It's certainly not due to the performance of the company. Revenue soared 117% in Snowflake's latest quarter, and it guided for product revenue to nearly double in the first quarter of the current fiscal year. The company also reported a net revenue retention rate of 168%, which indicates that its current customers are ramping up spending at a healthy rate.\nSnowflake isn't profitable, and the bottom line is only getting worse, but the stock market hasn't really cared about profits any time recently. Growth has been all that matters. Snowflake booked a net loss of nearly $200 million in its latest quarter, and a net loss of over $500 million for the full fiscal year.\nImage source: Getty Images.\nThose massive losses are probably not the reason for the abysmal performance of Snowflake stock, or at least not the only reason. More likely, this is a case of a stock that has simply soared too high too fast.\nA crazy multiple\nSnowflake's rapid growth certainly implies that the stock deserves to be valued at a premium to slower-growing companies. But things got a little out of hand last year. Snowflake generated about $590 million of revenue in the fiscal year that ended in January. At its peak market capitalization of about $110 billion, the company was valued at a staggering 186 times annual sales.\nYes, revenue is still growing very quickly, so that multiple will come down fast over time. But to get a sense of exactly how expensive Snowflake was at its peak, here's a chart of price-to-sales ratios for some dot-com bubble darlings in the late 1990s and early 2000s:\nADBE PS Ratio data by YCharts\nOf course, many companies during the dot-com bubble had little or no revenue and were valued at hundreds of millions of dollars. Such a high price-to-sales ratio would be more understandable if Snowflake was much smaller. But this is a company that was valued at more than $100 billion at its peak.Microsoft's price-to-sales ratio when it was worth $100 billion in the late 1990s was around 10.\nEven after declining by nearly 50%, Snowflake stock still trades for over 80 times annual sales. If you knew the company would continue to nearly double revenue each year for the next few years, it could make sense to pay that much. But that kind of growth gets tougher to achieve as the numbers get bigger. Doubling revenue when you're doing a few hundred million dollars annually is a lot easier than when you're doing a few billion dollars annually.\nWhat happens next to Snowflake stock is anyone's guess. If investors get any whiff of a growth slowdown this year, the stock could very well keep tumbling. And even if Snowflake keep growing fast and beats analyst estimates at every turn, a sentiment shift away from profitless growth stocks could create a major headwind for the stock.\nHow much is Snowflake really worth? Who knows? But it's probably not worth 186 times sales.","news_type":1},"isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":328451486,"gmtCreate":1615554395745,"gmtModify":1704784473509,"author":{"id":"3575071283005317","authorId":"3575071283005317","name":"Cheekenrise","avatar":"https://static.tigerbbs.com/92239632b288189725fddad7d9b0eef3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575071283005317","authorIdStr":"3575071283005317"},"themes":[],"htmlText":"New volatile environment will breed better investors !","listText":"New volatile environment will breed better investors !","text":"New volatile environment will breed better investors !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328451486","repostId":"1164162618","repostType":4,"repost":{"id":"1164162618","kind":"news","pubTimestamp":1615552572,"share":"https://ttm.financial/m/news/1164162618?lang=&edition=fundamental","pubTime":"2021-03-12 20:36","market":"us","language":"en","title":"A stunning fall and a recovery: How the stock market has evolved one year since Covid hit","url":"https://stock-news.laohu8.com/highlight/detail?id=1164162618","media":"cnbc","summary":"KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows an","content":"<div>\n<p>KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.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>A stunning fall and a recovery: How the stock market has evolved one year since Covid hit</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 stunning fall and a recovery: How the stock market has evolved one year since Covid hit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164162618","content_text":"KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had been very unlikely leaders — like energy and industrials.\nAs the world changed, so did the market. A new group of younger investors became much more active in individual stocks and options.\nStrategists say the market is now subject to a much more volatile economy than it has been used to, and tech could continue to lag some of the more cyclical stocks.\n\nA year after the pandemic forced the nation into a shutdown, the stock market has been overhauled in ways that Wall Street never imagined.\nLast March, stocks plunged as the world faced the frightening spread of a virus many had thought would never make its way to the United States. The S&P 500 lost more than 15% in a searing decline on March 11 and 12. The index plummeted more than 30% by March 23.\nPerhaps even more surprising than the fall was the market rebound that followed, powered by the twin booster engines of monetary and fiscal policy, including a rollout of programs from the Federal Reserve. The S&P 500 is up nearly 80% from the low that March and just hit a fresh record on Thursday.\n“The policy response was meaningful and significant, and as a result prevented what could have been a far worse outcome,” said Tobias Levkovich, chief U.S. equity strategist at Citi.\nThe virus was a great equalizer. Much of the country was learning to work and attend school from home. Meanwhile, restaurants, gyms and other places where people gathered were closed or changed dramatically.\nBut America adapted, and so did investors.\nThey ran up tech stocks that benefitted from a homebound populace, including Netflix,Zoom,Amazon and Peloton.\n\nWhen the economy began to reopen, money moved into recovery-themed stocks, including energy, industrials, materials and financials. These sectors now lead the market, displacing high-flying tech shares.\nAfter years of a steadily growing economy, the pandemic resulted in a shocking decline in gross domestic product.A sharp rebound followed, aided by easy monetary policy and blasts of fiscal spending.\nThe $1.9 trillion stimulus package,signed into law by President Joe Biden on Thursday, will be rolling out amid an uneven recovery. The service sector had never before led the economy into recession; it is the last to come back. About 10 million people are still unemployed.\n“Economic volatility is here to stay...and that is different than the last 30 years,” said Julian Emanuel, head of equities and derivatives strategy at BTIG.\n“There’s no escaping that when you think about the combination of [GDP] being down 31% for one quarter and up 33% in the next quarter,” he said.\n“Applying record stimulus, the equivalent of about 36.2% of GDP in the subsequent year...it’s just going to be an environment where the quarter-to-quarter swings are going to be much greater than they were,” Emanuel added.\nNew investors\nDuring the past year, a new cohort of retail investors — many using no-fee online trading platforms —became an important part of the market.\nGoldman Sachs expects households to be the biggest source of demand for stocks this year, with $350 billion to flow into the market, compared to $300 billion from corporations.\n“It’s newer and younger investors who are embracing speculation like never before, as evidenced by call options volumes that are multiples of prior years’ record volumes,” said Emanuel of BTIG.\nInvestors are also using record amounts of margin debt to finance their investments.\nFor now, the most speculative activity is focused on meme stocks, Emanuel said.\n\nGameStop is the poster child for this volatility, a stock that was given up for dead by many but embraced by a group of retail investors.\nInstead of calling their brokers, these traders turned to to the internet. WallStreetBets, a forum on Reddit, became a powerful force in market activity.\n“The question is will it end up like it did at the end of the rally in 1999 and 2000,” said Emanuel of BTIG. “Could it end up in a very strong parabolic-like surge across the entire stock market?”\nCiti’s Levkovich said investors tend to sell momentum as much as they buy momentum.\n“The moves we’ve seen in stock prices, where they can double or triple in a day,” he said. “The incredible issuance of SPACs, the crypto stuff — a lot of these are signs of too much liquidity generating speculative behavior.”\nNonetheless, the market rewards have been huge.Tesla, for instance, is up 630% since March 23, while Etsy is up more than 520%,Freeport-McMoRan 540% and L Brands is up 500%.\nStocks have also not really been challenged by bonds for investment dollars, even with the recent rise in yields.\n“Why as a 20- or 30-year-old would you want to buy a fixed income investment if the expectation for inflation is 2% and the Fed is telling you, it’s not going to stop with liquidity until inflation is sustainably above 2%,” said Emanuel of BTIG. “Because real yields are so low, it continues to be a good time for equity investment.”\nThe benchmark 10-year Treasury yield has moved higher lately, as the promise of the latest fiscal stimulus package has boosted the outlook for growth.\nEconomists expect the economy could grow by 6% this year. The 10-year yield, which moves opposite price, was at about 1.53% Thursday, well off its year low of 0.50% but below its recent high of 1.61%.\nMarket now in mid-cycle\nSam Stovall, chief investment strategist at CFRA Research, expects the market to move higher this year.\nHe also says it’s due for a bigger correction than the market sell-offs that took place from mid-February to last week. In that period, the S&P 500 at the time sold off close to 6%, while the Nasdaq fell more than 10%.\n“When I look at all the historical facts that say stocks are overpriced, it gets me scared,” said Stovall. “The S&P market cap is 140% of nominal GDP and the S&P average is 62%.”\nThe market has also had only one sizeable correction since it took off in March.\n“We are more than 20% above where we were the last time we had a meaningful decline, which ended on Sept. 23,” Stovall said.\nThe market has now moved to a mid-cycle period, “after a fast and furious ‘Recovery’ regime,” Bank of America found. Strategists at the firm said that should mean a period of continued gains.\nIn this type of market environment, “typically capex outpaces consumption, rates rise and ‘good inflation’ picks up,” Bank of America said, referring to capital expenditures.\nThis phase could come to an end when “good” inflation turns into “bad” inflation, with prices rising too much and hurting margins. Bank of America’s strategists say this period could also last longer than the average nine months.\nCyclicals and value should lead\nCyclicals and value stocks are expected to continue to outperform. Wall Street strategists have a median target of 4,100 on the S&P 500 for year-end.\nCiti’s Levkovich said he does not expect the market to go much further than it already has this year. He expects the S&P 500 to trade between 3,600 and 4,000 — very close to where it is now — and end the year at 3,800, the lowest forecast in CNBC’s Strategist Survey.\nOn Thursday, the S&P 500 closed at 3,939.\n“People are positioned very bullishly, and that prevents downside risk to the market,” Levkovich said. But the market can also not gain the way it did when tech and growth were the leaders.\n\nWhen the technology and internet growth names were still the leaders, a handful of stocks were responsible for the bulk of the index gains. Some of those names, like Apple and Amazon,have suffered double-digit declines.\nThe energy and materials sectors have doubled in price since last March, while industrials and financials are up about 95%. Tech is up about 83%. Meanwhile, communications services, including internet names, are up about 72%.\n\n“If you lose the leadership of the big dogs, it’s going to hold back the market, even if the other guys are going up,” Levkovich of Citi said. “They’re not as big as the huskies...the valuations are different if you lose some of the big tech names.”\nLater in the year, the market could struggle with cyclicals and value stocks as leaders, Levkovich said.\n“We might be in a position where later in the year we could see some of the expectations around value and cyclicals disappoint, and then I think you see the rotation back to growth,” he said.\nJust as the course of the economy will be decided by the course of the virus and the success of the vaccines, the stock market will be driven by the same factors.\n“Everybody thinks the world will be a lot better in the second half,” Levkovich said. “If there are any hiccups — let’s say it’s a Covid outbreak where we didn’t contain it enough — that would be a disappointment.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328053259,"gmtCreate":1615475763171,"gmtModify":1704783383383,"author":{"id":"3575071283005317","authorId":"3575071283005317","name":"Cheekenrise","avatar":"https://static.tigerbbs.com/92239632b288189725fddad7d9b0eef3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575071283005317","authorIdStr":"3575071283005317"},"themes":[],"htmlText":"What’s with roblox?&nbsp;","listText":"What’s with roblox?&nbsp;","text":"What’s with roblox?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328053259","repostId":"2118981027","repostType":4,"repost":{"id":"2118981027","kind":"news","pubTimestamp":1615471674,"share":"https://ttm.financial/m/news/2118981027?lang=&edition=fundamental","pubTime":"2021-03-11 22:07","market":"us","language":"en","title":"Cathie Wood’s Magic Touch Lives On as Ark Stake Boosts Roblox","url":"https://stock-news.laohu8.com/highlight/detail?id=2118981027","media":"Bloomberg","summary":"Digital games firm jumps in early trading as Ark reveals stake\nWood’s funds have struggled amid tech","content":"<ul>\n <li>Digital games firm jumps in early trading as Ark reveals stake</li>\n <li>Wood’s funds have struggled amid tech selloff in recent weeks</li>\n</ul>\n<p>A rough period of performance for Cathie Wood hasn’t diminished her ability to supercharge a stock’s fortunes, if Roblox Corp. is anything to go by.</p>\n<p>The newly-listed digital games company jumped in early trading on Thursday, set to build on a stellar first-day rally after Wood’s Ark Investment Management revealed that it took a stake in the firm.</p>\n<p>The $7.1 billion ARK Next Generation Internet exchange-traded fund (ticker ARKW) purchased more than 500,000 Roblox shares, according to the latest data on Ark’s website. The New York-based firm lists the market value of the stake as a little over $36 million.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a7cda7e86ceb205b99f43f565fd88e\" tg-width=\"837\" tg-height=\"470\"></p>\n<p>It’s another good sign for Wood, whose funds have been recovering after they were caught in a broad tech selloff that spurred three weeks of losses. At the height of the frenzy surrounding Ark in recent months, the firm fueled rallies in the likes of <a href=\"https://laohu8.com/S/DKNG\">DraftKings Inc.</a> after announcing stakes and even triggered gains for competitors by revealing plans for a space ETF.</p>\n<p>Roblox was 13% higher at $78.50 as of 6:19 a.m. in New York, after a 54% surge in its debut on Wednesday.</p>\n<p>The company, based in San Mateo, California, is <a href=\"https://laohu8.com/S/AONE\">one</a> of a handful to have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock. Roblox has seen its revenue and valuation swell as the pandemic kept people at home and in search of entertainment.</p>\n<p>ARKW climbed 3.9% in the pre-market. Wood’s flagship fund, the <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (ARKK) rose 4.3%. It posted the biggest jump on record earlier this week amid a rebound of tech shares.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s Magic Touch Lives On as Ark Stake Boosts Roblox</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\">\nCathie Wood’s Magic Touch Lives On as Ark Stake Boosts Roblox\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 22:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-11/roblox-extends-surge-as-cathie-wood-s-ark-invest-takes-a-stake?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Digital games firm jumps in early trading as Ark reveals stake\nWood’s funds have struggled amid tech selloff in recent weeks\n\nA rough period of performance for Cathie Wood hasn’t diminished her ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-11/roblox-extends-surge-as-cathie-wood-s-ark-invest-takes-a-stake?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","RBLX":"Roblox Corporation","DKNG":"DraftKings Inc.","ARKW":"ARK Next Generation Internation ETF"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-11/roblox-extends-surge-as-cathie-wood-s-ark-invest-takes-a-stake?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118981027","content_text":"Digital games firm jumps in early trading as Ark reveals stake\nWood’s funds have struggled amid tech selloff in recent weeks\n\nA rough period of performance for Cathie Wood hasn’t diminished her ability to supercharge a stock’s fortunes, if Roblox Corp. is anything to go by.\nThe newly-listed digital games company jumped in early trading on Thursday, set to build on a stellar first-day rally after Wood’s Ark Investment Management revealed that it took a stake in the firm.\nThe $7.1 billion ARK Next Generation Internet exchange-traded fund (ticker ARKW) purchased more than 500,000 Roblox shares, according to the latest data on Ark’s website. The New York-based firm lists the market value of the stake as a little over $36 million.\n\nIt’s another good sign for Wood, whose funds have been recovering after they were caught in a broad tech selloff that spurred three weeks of losses. At the height of the frenzy surrounding Ark in recent months, the firm fueled rallies in the likes of DraftKings Inc. after announcing stakes and even triggered gains for competitors by revealing plans for a space ETF.\nRoblox was 13% higher at $78.50 as of 6:19 a.m. in New York, after a 54% surge in its debut on Wednesday.\nThe company, based in San Mateo, California, is one of a handful to have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock. Roblox has seen its revenue and valuation swell as the pandemic kept people at home and in search of entertainment.\nARKW climbed 3.9% in the pre-market. Wood’s flagship fund, the ARK Innovation ETF (ARKK) rose 4.3%. It posted the biggest jump on record earlier this week amid a rebound of tech shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869597464,"gmtCreate":1632300862658,"gmtModify":1676530746909,"author":{"id":"3575071283005317","authorId":"3575071283005317","name":"Cheekenrise","avatar":"https://static.tigerbbs.com/92239632b288189725fddad7d9b0eef3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575071283005317","authorIdStr":"3575071283005317"},"themes":[],"htmlText":"Thank you for sharing!","listText":"Thank you for sharing!","text":"Thank you for sharing!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869597464","repostId":"869501871","repostType":1,"repost":{"id":869501871,"gmtCreate":1632299379089,"gmtModify":1676530746381,"author":{"id":"3514329116425907","authorId":"3514329116425907","name":"小虎AV","avatar":"https://static.tigerbbs.com/91101bd3142b32495c3131036d5f8afa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514329116425907","authorIdStr":"3514329116425907"},"themes":[],"htmlText":"\n \n \n  【Toast今晚上市，估值約180億美元】以餐廳爲中心的支付軟件製造商Toast Inc.將於今晚上市，估值約180億美元，2年前， 首席執行官 Chris Comparato 與彭博社的 Carol Massar 就“彭博科技”討論了餐廳管理平臺的業務戰略。當時老闆說自己還不想上市哈哈[吃瓜] <a href=\"https://laohu8.com/S/TOST\">$Toast, Inc.(TOST)$</a>\n \n","listText":"【Toast今晚上市，估值約180億美元】以餐廳爲中心的支付軟件製造商Toast Inc.將於今晚上市，估值約180億美元，2年前， 首席執行官 Chris Comparato 與彭博社的 Carol Massar 就“彭博科技”討論了餐廳管理平臺的業務戰略。當時老闆說自己還不想上市哈哈[吃瓜] <a href=\"https://laohu8.com/S/TOST\">$Toast, Inc.(TOST)$</a>","text":"【Toast今晚上市，估值約180億美元】以餐廳爲中心的支付軟件製造商Toast Inc.將於今晚上市，估值約180億美元，2年前， 首席執行官 Chris Comparato 與彭博社的 Carol Massar 就“彭博科技”討論了餐廳管理平臺的業務戰略。當時老闆說自己還不想上市哈哈[吃瓜] $Toast, Inc.(TOST)$","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869501871","isVote":1,"tweetType":2,"object":{"id":"d6d6d152cfa0432783624ee790d12a55","tweetId":"869501871","videoUrl":"https://1254107296.vod2.myqcloud.com/e2ad4227vodcq1254107296/325423673701925924844609450/f0.mp4","poster":"https://static.tigerbbs.com/203bdc88f5e29b16e1439ab88de968f1"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328425139,"gmtCreate":1615553987121,"gmtModify":1704784464905,"author":{"id":"3575071283005317","authorId":"3575071283005317","name":"Cheekenrise","avatar":"https://static.tigerbbs.com/92239632b288189725fddad7d9b0eef3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575071283005317","authorIdStr":"3575071283005317"},"themes":[],"htmlText":"I think this new 24/7&nbsp;volatile environment is good for everyone - more information and discourse is available to more people, enabling deeper discussions about securities and markets - this will probably make markets more efficient !","listText":"I think this new 24/7&nbsp;volatile environment is good for everyone - more information and discourse is available to more people, enabling deeper discussions about securities and markets - this will probably make markets more efficient !","text":"I think this new 24/7 volatile environment is good for everyone - more information and discourse is available to more people, enabling deeper discussions about securities and markets - this will probably make markets more efficient !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328425139","repostId":"1164162618","repostType":4,"repost":{"id":"1164162618","kind":"news","pubTimestamp":1615552572,"share":"https://ttm.financial/m/news/1164162618?lang=&edition=fundamental","pubTime":"2021-03-12 20:36","market":"us","language":"en","title":"A stunning fall and a recovery: How the stock market has evolved one year since Covid hit","url":"https://stock-news.laohu8.com/highlight/detail?id=1164162618","media":"cnbc","summary":"KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows an","content":"<div>\n<p>KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.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>A stunning fall and a recovery: How the stock market has evolved one year since Covid hit</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 stunning fall and a recovery: How the stock market has evolved one year since Covid hit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/12/a-stunning-fall-and-a-recovery-how-the-stock-market-has-evolved-one-year-since-covid-hit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164162618","content_text":"KEY POINTS\n\nA year after the pandemic shut down the economy, stocks have gained 79% from the lows and the market is in a solid position to continue to rally. It’s now being led by sectors that had been very unlikely leaders — like energy and industrials.\nAs the world changed, so did the market. A new group of younger investors became much more active in individual stocks and options.\nStrategists say the market is now subject to a much more volatile economy than it has been used to, and tech could continue to lag some of the more cyclical stocks.\n\nA year after the pandemic forced the nation into a shutdown, the stock market has been overhauled in ways that Wall Street never imagined.\nLast March, stocks plunged as the world faced the frightening spread of a virus many had thought would never make its way to the United States. The S&P 500 lost more than 15% in a searing decline on March 11 and 12. The index plummeted more than 30% by March 23.\nPerhaps even more surprising than the fall was the market rebound that followed, powered by the twin booster engines of monetary and fiscal policy, including a rollout of programs from the Federal Reserve. The S&P 500 is up nearly 80% from the low that March and just hit a fresh record on Thursday.\n“The policy response was meaningful and significant, and as a result prevented what could have been a far worse outcome,” said Tobias Levkovich, chief U.S. equity strategist at Citi.\nThe virus was a great equalizer. Much of the country was learning to work and attend school from home. Meanwhile, restaurants, gyms and other places where people gathered were closed or changed dramatically.\nBut America adapted, and so did investors.\nThey ran up tech stocks that benefitted from a homebound populace, including Netflix,Zoom,Amazon and Peloton.\n\nWhen the economy began to reopen, money moved into recovery-themed stocks, including energy, industrials, materials and financials. These sectors now lead the market, displacing high-flying tech shares.\nAfter years of a steadily growing economy, the pandemic resulted in a shocking decline in gross domestic product.A sharp rebound followed, aided by easy monetary policy and blasts of fiscal spending.\nThe $1.9 trillion stimulus package,signed into law by President Joe Biden on Thursday, will be rolling out amid an uneven recovery. The service sector had never before led the economy into recession; it is the last to come back. About 10 million people are still unemployed.\n“Economic volatility is here to stay...and that is different than the last 30 years,” said Julian Emanuel, head of equities and derivatives strategy at BTIG.\n“There’s no escaping that when you think about the combination of [GDP] being down 31% for one quarter and up 33% in the next quarter,” he said.\n“Applying record stimulus, the equivalent of about 36.2% of GDP in the subsequent year...it’s just going to be an environment where the quarter-to-quarter swings are going to be much greater than they were,” Emanuel added.\nNew investors\nDuring the past year, a new cohort of retail investors — many using no-fee online trading platforms —became an important part of the market.\nGoldman Sachs expects households to be the biggest source of demand for stocks this year, with $350 billion to flow into the market, compared to $300 billion from corporations.\n“It’s newer and younger investors who are embracing speculation like never before, as evidenced by call options volumes that are multiples of prior years’ record volumes,” said Emanuel of BTIG.\nInvestors are also using record amounts of margin debt to finance their investments.\nFor now, the most speculative activity is focused on meme stocks, Emanuel said.\n\nGameStop is the poster child for this volatility, a stock that was given up for dead by many but embraced by a group of retail investors.\nInstead of calling their brokers, these traders turned to to the internet. WallStreetBets, a forum on Reddit, became a powerful force in market activity.\n“The question is will it end up like it did at the end of the rally in 1999 and 2000,” said Emanuel of BTIG. “Could it end up in a very strong parabolic-like surge across the entire stock market?”\nCiti’s Levkovich said investors tend to sell momentum as much as they buy momentum.\n“The moves we’ve seen in stock prices, where they can double or triple in a day,” he said. “The incredible issuance of SPACs, the crypto stuff — a lot of these are signs of too much liquidity generating speculative behavior.”\nNonetheless, the market rewards have been huge.Tesla, for instance, is up 630% since March 23, while Etsy is up more than 520%,Freeport-McMoRan 540% and L Brands is up 500%.\nStocks have also not really been challenged by bonds for investment dollars, even with the recent rise in yields.\n“Why as a 20- or 30-year-old would you want to buy a fixed income investment if the expectation for inflation is 2% and the Fed is telling you, it’s not going to stop with liquidity until inflation is sustainably above 2%,” said Emanuel of BTIG. “Because real yields are so low, it continues to be a good time for equity investment.”\nThe benchmark 10-year Treasury yield has moved higher lately, as the promise of the latest fiscal stimulus package has boosted the outlook for growth.\nEconomists expect the economy could grow by 6% this year. The 10-year yield, which moves opposite price, was at about 1.53% Thursday, well off its year low of 0.50% but below its recent high of 1.61%.\nMarket now in mid-cycle\nSam Stovall, chief investment strategist at CFRA Research, expects the market to move higher this year.\nHe also says it’s due for a bigger correction than the market sell-offs that took place from mid-February to last week. In that period, the S&P 500 at the time sold off close to 6%, while the Nasdaq fell more than 10%.\n“When I look at all the historical facts that say stocks are overpriced, it gets me scared,” said Stovall. “The S&P market cap is 140% of nominal GDP and the S&P average is 62%.”\nThe market has also had only one sizeable correction since it took off in March.\n“We are more than 20% above where we were the last time we had a meaningful decline, which ended on Sept. 23,” Stovall said.\nThe market has now moved to a mid-cycle period, “after a fast and furious ‘Recovery’ regime,” Bank of America found. Strategists at the firm said that should mean a period of continued gains.\nIn this type of market environment, “typically capex outpaces consumption, rates rise and ‘good inflation’ picks up,” Bank of America said, referring to capital expenditures.\nThis phase could come to an end when “good” inflation turns into “bad” inflation, with prices rising too much and hurting margins. Bank of America’s strategists say this period could also last longer than the average nine months.\nCyclicals and value should lead\nCyclicals and value stocks are expected to continue to outperform. Wall Street strategists have a median target of 4,100 on the S&P 500 for year-end.\nCiti’s Levkovich said he does not expect the market to go much further than it already has this year. He expects the S&P 500 to trade between 3,600 and 4,000 — very close to where it is now — and end the year at 3,800, the lowest forecast in CNBC’s Strategist Survey.\nOn Thursday, the S&P 500 closed at 3,939.\n“People are positioned very bullishly, and that prevents downside risk to the market,” Levkovich said. But the market can also not gain the way it did when tech and growth were the leaders.\n\nWhen the technology and internet growth names were still the leaders, a handful of stocks were responsible for the bulk of the index gains. Some of those names, like Apple and Amazon,have suffered double-digit declines.\nThe energy and materials sectors have doubled in price since last March, while industrials and financials are up about 95%. Tech is up about 83%. Meanwhile, communications services, including internet names, are up about 72%.\n\n“If you lose the leadership of the big dogs, it’s going to hold back the market, even if the other guys are going up,” Levkovich of Citi said. “They’re not as big as the huskies...the valuations are different if you lose some of the big tech names.”\nLater in the year, the market could struggle with cyclicals and value stocks as leaders, Levkovich said.\n“We might be in a position where later in the year we could see some of the expectations around value and cyclicals disappoint, and then I think you see the rotation back to growth,” he said.\nJust as the course of the economy will be decided by the course of the virus and the success of the vaccines, the stock market will be driven by the same factors.\n“Everybody thinks the world will be a lot better in the second half,” Levkovich said. “If there are any hiccups — let’s say it’s a Covid outbreak where we didn’t contain it enough — that would be a disappointment.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323958444,"gmtCreate":1615300763888,"gmtModify":1704780823475,"author":{"id":"3575071283005317","authorId":"3575071283005317","name":"Cheekenrise","avatar":"https://static.tigerbbs.com/92239632b288189725fddad7d9b0eef3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575071283005317","authorIdStr":"3575071283005317"},"themes":[],"htmlText":"Definitely over valued at p-s 168 times!","listText":"Definitely over valued at p-s 168 times!","text":"Definitely over valued at p-s 168 times!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323958444","repostId":"2118646392","repostType":4,"isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}