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2021-06-17

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Hong Kong tycoon Richard Li's FWD files for U.S. listing

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Hong Kong tycoon Richard Li's insurer FWD said it has lodged an appli","content":"<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong tycoon Richard Li's FWD files for U.S. listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong tycoon Richard Li's FWD files for U.S. listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MET":"大都会人寿"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144411077","content_text":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering $(IPO.UK)$ in the United States.\nThe company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.\nA fundraising of that size would value FWD at $13 billion to $15 billion, they added.\nFWD declined to comment on the potential size of the deal.\nThe number of American Depositary Shares $(ADS)$ and price range have yet to be determined, a statement from the company said.\n\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.\nThe IPO filing comes under FWD holding company PCGI Intermediate.\nRichard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.\nThe company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .\nFWD is the insurance business of Li's investment arm Pacific Century Group.\nFWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.\nThe company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161782399,"gmtCreate":1623940733711,"gmtModify":1703824149309,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161782399","repostId":"2144411077","repostType":4,"repost":{"id":"2144411077","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623939312,"share":"https://ttm.financial/m/news/2144411077?lang=&edition=fundamental","pubTime":"2021-06-17 22:15","market":"us","language":"en","title":"Hong Kong tycoon Richard Li's FWD files for U.S. listing","url":"https://stock-news.laohu8.com/highlight/detail?id=2144411077","media":"Reuters","summary":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an appli","content":"<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong tycoon Richard Li's FWD files for U.S. listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong tycoon Richard Li's FWD files for U.S. listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MET":"大都会人寿"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144411077","content_text":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering $(IPO.UK)$ in the United States.\nThe company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.\nA fundraising of that size would value FWD at $13 billion to $15 billion, they added.\nFWD declined to comment on the potential size of the deal.\nThe number of American Depositary Shares $(ADS)$ and price range have yet to be determined, a statement from the company said.\n\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.\nThe IPO filing comes under FWD holding company PCGI Intermediate.\nRichard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.\nThe company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .\nFWD is the insurance business of Li's investment arm Pacific Century Group.\nFWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.\nThe company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349083469,"gmtCreate":1617505545151,"gmtModify":1704700070139,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Zzzz","listText":"Zzzz","text":"Zzzz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349083469","repostId":"1159366611","repostType":4,"repost":{"id":"1159366611","kind":"news","pubTimestamp":1617357912,"share":"https://ttm.financial/m/news/1159366611?lang=&edition=fundamental","pubTime":"2021-04-02 18:05","market":"us","language":"en","title":"U.S. Equity Futures Advance Before Jobs Report: Markets Wrap","url":"https://stock-news.laohu8.com/highlight/detail?id=1159366611","media":"Bloomberg","summary":"(Bloomberg) -- U.S. equity futures rose ahead of data expected to show the biggest increase in jobs ","content":"<p>(Bloomberg) -- U.S. equity futures rose ahead of data expected to show the biggest increase in jobs in five months. Most other markets were closed for Good Friday.</p>\n<p>The labor report for March has the potential to roil the bond market when trading will be thin during a holiday-shortened session. Treasuries will be open for a half-day session, while the New York Stock Exchange is closed today.</p>\n<p>The median economist estimate points to 650,000 gain in non-farm payrolls, which would indicate that the economy is powering ahead as more people get vaccinated. That could push benchmark 10-year yields back toward a recent one-year peak of 1.77%.</p>\n<p>A JPMorgan analysis of bond-market trading since 2007 found that the Treasury 10-year note was about two times more volatile following jobs data releases on Good Friday than normal. On jobs-report days with 2 p.m. early closes, like before July 4, the market tends to be three times more volatile than a full session.</p>\n<p>“The vaccination program is continuing apace across the U.S. along with a slowdown in the rise in virus cases, hospitalizations, and deaths,” said Michael Hewson, chief market analyst at CMC Markets UK. “There are certainly plenty of reasons to be optimistic about today’s payrolls number.”</p>\n<p>Investors are also cheering other signs of strength in the U.S. economy. Manufacturing growth roared ahead in March and President Joe Biden’s plan to rebuild infrastructure strengthens the outlook, though questions remain about how much of it can actually be delivered.</p>\n<p>Elsewhere, stocks in Japan and South Korea advanced, helped by chipmakers. Biden’s top national security and economic advisers plan to meet April 12 with semiconductor and auto companies to discuss the global shortage of microprocessors, according to people familiar with the matter.</p>\n<p>On Thursday, the benchmark S&amp;P 500 Index closed above 4,000 for the first time. Oil climbed after the OPEC+ alliance agreed to increase production gradually over the next three months.</p>\n<p>Navigating the Recovery Trade Is Getting a Whole Lot Trickier</p>\n<p><b>Some key events to watch this week:</b></p>\n<p>U.S. employment report for March on Friday.Good Friday starts the Easter weekend in countries including the U.S., U.K., France, Germany, Australia and Canada.</p>\n<p>These are some of the main moves in financial markets:</p>\n<p><b>Stocks</b></p>\n<p>S&amp;P 500 futures were up 0.3% as of 10:22 a.m. in London. The S&amp;P 500 Index increased 1.2% Thursday.Japan’s Topix index climbed 0.7%.South Korea’s Kospi index advanced 0.9%.China’s Shanghai Composite added 0.3%.</p>\n<p><b>Currencies</b></p>\n<p>The yen climbed 0.1% to 110.49 per dollar.The offshore yuan added 0.1% to 6.5679 per dollar.The Bloomberg Dollar Spot Index fell 0.3% Thursday.The euro traded little changed at $1.1775.</p>\n<p><b>Bonds</b></p>\n<p>The yield on 10-year Treasuries fell seven basis points to 1.67% on Thursday.</p>\n<p><b>Commodities</b></p>\n<p>West Texas Intermediate crude rose 3.9% to $61.45 a barrel on Thursday.Gold was at $1,732.18 an ounce.</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>U.S. Equity Futures Advance Before Jobs Report: Markets Wrap</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\">\nU.S. Equity Futures Advance Before Jobs Report: Markets Wrap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 18:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/asia-set-gains-u-stocks-220420140.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- U.S. equity futures rose ahead of data expected to show the biggest increase in jobs in five months. Most other markets were closed for Good Friday.\nThe labor report for March has the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asia-set-gains-u-stocks-220420140.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/asia-set-gains-u-stocks-220420140.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159366611","content_text":"(Bloomberg) -- U.S. equity futures rose ahead of data expected to show the biggest increase in jobs in five months. Most other markets were closed for Good Friday.\nThe labor report for March has the potential to roil the bond market when trading will be thin during a holiday-shortened session. Treasuries will be open for a half-day session, while the New York Stock Exchange is closed today.\nThe median economist estimate points to 650,000 gain in non-farm payrolls, which would indicate that the economy is powering ahead as more people get vaccinated. That could push benchmark 10-year yields back toward a recent one-year peak of 1.77%.\nA JPMorgan analysis of bond-market trading since 2007 found that the Treasury 10-year note was about two times more volatile following jobs data releases on Good Friday than normal. On jobs-report days with 2 p.m. early closes, like before July 4, the market tends to be three times more volatile than a full session.\n“The vaccination program is continuing apace across the U.S. along with a slowdown in the rise in virus cases, hospitalizations, and deaths,” said Michael Hewson, chief market analyst at CMC Markets UK. “There are certainly plenty of reasons to be optimistic about today’s payrolls number.”\nInvestors are also cheering other signs of strength in the U.S. economy. Manufacturing growth roared ahead in March and President Joe Biden’s plan to rebuild infrastructure strengthens the outlook, though questions remain about how much of it can actually be delivered.\nElsewhere, stocks in Japan and South Korea advanced, helped by chipmakers. Biden’s top national security and economic advisers plan to meet April 12 with semiconductor and auto companies to discuss the global shortage of microprocessors, according to people familiar with the matter.\nOn Thursday, the benchmark S&P 500 Index closed above 4,000 for the first time. Oil climbed after the OPEC+ alliance agreed to increase production gradually over the next three months.\nNavigating the Recovery Trade Is Getting a Whole Lot Trickier\nSome key events to watch this week:\nU.S. employment report for March on Friday.Good Friday starts the Easter weekend in countries including the U.S., U.K., France, Germany, Australia and Canada.\nThese are some of the main moves in financial markets:\nStocks\nS&P 500 futures were up 0.3% as of 10:22 a.m. in London. The S&P 500 Index increased 1.2% Thursday.Japan’s Topix index climbed 0.7%.South Korea’s Kospi index advanced 0.9%.China’s Shanghai Composite added 0.3%.\nCurrencies\nThe yen climbed 0.1% to 110.49 per dollar.The offshore yuan added 0.1% to 6.5679 per dollar.The Bloomberg Dollar Spot Index fell 0.3% Thursday.The euro traded little changed at $1.1775.\nBonds\nThe yield on 10-year Treasuries fell seven basis points to 1.67% on Thursday.\nCommodities\nWest Texas Intermediate crude rose 3.9% to $61.45 a barrel on Thursday.Gold was at $1,732.18 an ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340501032,"gmtCreate":1617425096026,"gmtModify":1704699612726,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/340501032","repostId":"1176602902","repostType":4,"repost":{"id":"1176602902","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617366683,"share":"https://ttm.financial/m/news/1176602902?lang=&edition=fundamental","pubTime":"2021-04-02 20:31","market":"us","language":"en","title":"U.S. added 916,000 jobs in March, above expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1176602902","media":"Tiger Newspress","summary":"(April 2) Job growth boomed in March at the fastest pace since last summer as stronger economic grow","content":"<p>(April&nbsp;2)&nbsp;Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination effort pushed companies to step up hiring, the Labor Department reported Friday.</p><p>Nonfarm payrolls increased by 916,000 for the month while the unemployment rate fell to 6%.</p><p>Economists surveyed by Dow Jones had been looking for an increase of 675,000 and an unemployment rate of 6%.</p><p>The report comes amid a slew of other indicators pointing to stronger growth as the U.S. tries to shake off the effects of the Covid-19 pandemic. States and municipalities across the country continue to reopen after a year of operating at reduced capacity.</p><p>Business activity has returned to close to normal levels in much of the company despite the restrictions, with a tracker by Jeffries indicating that activity is at 93.5% of its pre-pandemic level.</p><p>Data from Homebase shows that employees working and hours worked both gained sharply over the past month, with significant improvements in both hospitality and entertainment. Those have been the hardest-hit sectors, but have improved over the past two months as governments have loosened up on some of the harshest restrictions on activity.</p><p>At the same time, manufacturing is enjoying a boom, with an Institute for Supply Management gauge of activity in the sector hitting its highest level since late 1983 in March.</p><p>The pace of gains combined with the unprecedented level of government stimulus has kindled worries about inflation, though Federal Reserve officials say any increases will be temporary.</p><p>The Fed is keeping a close eye on the jobs data, but policymakers have said repeatedly that even with the recent improvements the labor market is nowhere near a point that would push the central bank into raising interest rates.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. added 916,000 jobs in March, above expectations</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\">\nU.S. added 916,000 jobs in March, above expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-02 20:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April&nbsp;2)&nbsp;Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination effort pushed companies to step up hiring, the Labor Department reported Friday.</p><p>Nonfarm payrolls increased by 916,000 for the month while the unemployment rate fell to 6%.</p><p>Economists surveyed by Dow Jones had been looking for an increase of 675,000 and an unemployment rate of 6%.</p><p>The report comes amid a slew of other indicators pointing to stronger growth as the U.S. tries to shake off the effects of the Covid-19 pandemic. States and municipalities across the country continue to reopen after a year of operating at reduced capacity.</p><p>Business activity has returned to close to normal levels in much of the company despite the restrictions, with a tracker by Jeffries indicating that activity is at 93.5% of its pre-pandemic level.</p><p>Data from Homebase shows that employees working and hours worked both gained sharply over the past month, with significant improvements in both hospitality and entertainment. Those have been the hardest-hit sectors, but have improved over the past two months as governments have loosened up on some of the harshest restrictions on activity.</p><p>At the same time, manufacturing is enjoying a boom, with an Institute for Supply Management gauge of activity in the sector hitting its highest level since late 1983 in March.</p><p>The pace of gains combined with the unprecedented level of government stimulus has kindled worries about inflation, though Federal Reserve officials say any increases will be temporary.</p><p>The Fed is keeping a close eye on the jobs data, but policymakers have said repeatedly that even with the recent improvements the labor market is nowhere near a point that would push the central bank into raising interest rates.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176602902","content_text":"(April 2) Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination effort pushed companies to step up hiring, the Labor Department reported Friday.Nonfarm payrolls increased by 916,000 for the month while the unemployment rate fell to 6%.Economists surveyed by Dow Jones had been looking for an increase of 675,000 and an unemployment rate of 6%.The report comes amid a slew of other indicators pointing to stronger growth as the U.S. tries to shake off the effects of the Covid-19 pandemic. States and municipalities across the country continue to reopen after a year of operating at reduced capacity.Business activity has returned to close to normal levels in much of the company despite the restrictions, with a tracker by Jeffries indicating that activity is at 93.5% of its pre-pandemic level.Data from Homebase shows that employees working and hours worked both gained sharply over the past month, with significant improvements in both hospitality and entertainment. Those have been the hardest-hit sectors, but have improved over the past two months as governments have loosened up on some of the harshest restrictions on activity.At the same time, manufacturing is enjoying a boom, with an Institute for Supply Management gauge of activity in the sector hitting its highest level since late 1983 in March.The pace of gains combined with the unprecedented level of government stimulus has kindled worries about inflation, though Federal Reserve officials say any increases will be temporary.The Fed is keeping a close eye on the jobs data, but policymakers have said repeatedly that even with the recent improvements the labor market is nowhere near a point that would push the central bank into raising interest rates.","news_type":1},"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340503453,"gmtCreate":1617425080072,"gmtModify":1704699611593,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340503453","repostId":"2124875875","repostType":4,"repost":{"id":"2124875875","kind":"news","pubTimestamp":1617366960,"share":"https://ttm.financial/m/news/2124875875?lang=&edition=fundamental","pubTime":"2021-04-02 20:36","market":"us","language":"en","title":"Tesla Q1 2021 Vehicle Production & Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=2124875875","media":"StreetInsider","summary":"PALO ALTO, Calif., April 02, 2021  -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin","content":"<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.</p>\n<table>\n <tbody>\n  <tr>\n   <td></td>\n   <td><b>Production</b></td>\n   <td><b>Deliveries</b></td>\n   <td><b>Subject to operating lease accounting</b></td>\n  </tr>\n  <tr>\n   <td>Model S/X</td>\n   <td>-</td>\n   <td>2,020</td>\n   <td>6%</td>\n  </tr>\n  <tr>\n   <td>Model 3/Y</td>\n   <td>180,338</td>\n   <td>182,780</td>\n   <td>7%</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>180,338</b></td>\n   <td><b>184,800</b></td>\n   <td><b>7%</b></td>\n  </tr>\n </tbody>\n</table>\n<p>***************</p>\n<p>Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only <a href=\"https://laohu8.com/S/AONE\">one</a> measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.</p>\n<p><b>Forward-Looking Statements</b>&nbsp;Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.</p>\n<p><img src=\"https://static.tigerbbs.com/db04c7b378cb2db912c3ba8a5a774ee3\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q1 2021 Vehicle Production & Deliveries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Q1 2021 Vehicle Production & Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215929><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215929\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18215929","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124875875","content_text":"PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.\n\n\n\n\nProduction\nDeliveries\nSubject to operating lease accounting\n\n\nModel S/X\n-\n2,020\n6%\n\n\nModel 3/Y\n180,338\n182,780\n7%\n\n\nTotal\n180,338\n184,800\n7%\n\n\n\n***************\nOur net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.\nForward-Looking Statements Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352470232,"gmtCreate":1616998963926,"gmtModify":1704800619888,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Dying stock.. ??","listText":"Dying stock.. ??","text":"Dying stock.. ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352470232","isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352165305,"gmtCreate":1616908848707,"gmtModify":1704799908628,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/X\">$U.S. Steel(X)$</a>$26 looking forward..???","listText":"<a href=\"https://laohu8.com/S/X\">$U.S. Steel(X)$</a>$26 looking forward..???","text":"$U.S. Steel(X)$$26 looking forward..???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/352165305","isVote":1,"tweetType":1,"viewCount":768,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356074915,"gmtCreate":1616746749837,"gmtModify":1704798224772,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/356074915","repostId":"1114892411","repostType":4,"repost":{"id":"1114892411","kind":"news","pubTimestamp":1616746246,"share":"https://ttm.financial/m/news/1114892411?lang=&edition=fundamental","pubTime":"2021-03-26 16:10","market":"us","language":"en","title":"Sell Alert: 10 Insanely Overvalued Dividend Aristocrats","url":"https://stock-news.laohu8.com/highlight/detail?id=1114892411","media":"seekingalpha","summary":"Summary\n\nIn a world full of uncertainty, dividend aristocrats feel safe and trustworthy.\nBut even th","content":"<p><b>Summary</b></p>\n<ul>\n <li>In a world full of uncertainty, dividend aristocrats feel safe and trustworthy.</li>\n <li>But even they are subject to wild variations in price.</li>\n <li>These have resulted in gains for investors, but now, these 10 stocks are extremely overvalued.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b87148fa1b7ab2566781e5b23d6958f\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Paul Morigi/Getty Images Entertainment via Getty Images</span></p>\n<p><i>Written by Sam Kovacs</i></p>\n<p><b>Introduction: Does Warren Buffett Ever Sell?</b></p>\n<blockquote>\n <i>The stock market is not there to instruct me, it's there to serve me</i>- Warren Buffett\n</blockquote>\n<p>Most investors believe that Warren Buffett is a buy and hold investor who doesn't ever sell his shares.</p>\n<p>This image has been cultivated thanks to one of his famous quotes when he replied to a question at the 1998 Berkshire Hathaway (BRK.B) annual meeting of shareholders when&nbsp;he said:</p>\n<blockquote>\n <i>Well, the best thing to do is buy a stock that you don't ever want to sell.</i>\n</blockquote>\n<p>However, a closer look reveals that this doesn't mean that he doesn't ever sell.</p>\n<p>If we refer to GuruFocus to look at Berkshire's transactions in the 4th quarter of 2020, one would notice that Berkshire actually sold more than they bought.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e2fcd57329fd4fce04f4f2b167002a8b\" tg-width=\"640\" tg-height=\"242\"><span>Source: GuruFocus</span></p>\n<p>He did add to his Verizon (VZ), Merck (MRK), AbbVie (ABBV), T-Mobile (TMUS), Chevron (CVX), Kroger (KR), Bristol-Myers (BMY), Marsh &amp; McLennan (MMC) and RH (RH) positions.</p>\n<p>But then he reduced or flat outsold his Apple (AAPL), Wells Fargo (WFC), Barrick Gold (GOLD), M&amp;T Bank (MTB), General Motors (GM), PNC Financial (PNC), Pfizer (PFE), JPMorgan (JPM), Suncor (SU), US Bancorp (USB), and Liberty Latin America (LILAK) positions.</p>\n<p>Just counting on my fingers, I can tell that he has sold more than he has bought in that last quarter.</p>\n<p>The idea that he never reduces or sells his positions is just flat out wrong.</p>\n<p><b>When it's a good idea to sell</b></p>\n<p>Do you think that Warren Buffett believes that AAPL has become a bad company? No, of course not. However, it is possible that he believes it has become overvalued.</p>\n<p>It should be noted that we disagree with a few of his buys, as well as a few of a couple of his sells.</p>\n<p>That being said, the idea is simple:<i>If you buy when stocks are low, you might also want to sell when they're high.</i></p>\n<p>If you don't, you're not only having half the fun, you're leaving a lot of money on the table. (Yes even after taxes are taken into account).</p>\n<p>For a more detailed look into the mechanics of how this pertains to dividend investors, I would like to point you&nbsp;to our recent article&nbsp;in which I pointed out 5 overvalued dividend blue chips which were now deep in sell territory.</p>\n<p>The 5 companies were Target (TGT), Caterpillar (CAT), Procter &amp; Gamble (PG), McDonald's (MCD), and Automatic Data Processing (ADP).</p>\n<p>All 5 are Dividend Aristocrats, a rare breed of stocks which are 1. part of the S&amp;P 500 (SPY) and 2. have increased their dividends consecutively for the past 25 years.</p>\n<p>In so far as \"All Weather\" dividend streams go, Dividend Aristocrats are the cream of the crop.</p>\n<p>They provide comfort, after all, you own a piece of American greatness. Yet sometimes even these stocks can become extremely overvalued.</p>\n<p>When this happens, reducing your position makes sense. If the conditions persist, scaling out entirely of the position can also be a good idea.</p>\n<p><b>A note on valuation</b></p>\n<p>As a quick reminder, we are dividend investors and use an approach to valuation which is unique to&nbsp;The Dividend Freedom Tribe.</p>\n<p>In a nutshell:</p>\n<blockquote>\n To determine whether a stock is overvalued, we use our MAD Charts, which look at historical ranges of dividend yields for a given stock, and we tie it in to future growth expectations. The idea being that a low yield is fine if it is linked to very high dividend growth expectations. We project income into the future to quantify this.\n</blockquote>\n<p>This means that we will look at whether a stock is expensive relative to what investors have historically valued the stock at.</p>\n<p>We will then look at prospective growth rates and determine if the potential stream of income is attractive to a dividend investor.</p>\n<p>It is sometimes the case that a company could be a fantastic dividend stock, but because its price outpaces its dividend growth by such a huge margin, it can no longer be construed as an attractive dividend stock and is best replaced by a more attractive one.</p>\n<p>An investor following a different strategy might come to a totally different conclusion. Isn't that the beauty of it? A recent article titled \"<i>Value Vs. Growth: A Trip Down Memory Lane (And 3 Value Stocks You Need To Buy Now)</i>\" explores this idea.</p>\n<p>The current market is broadly expensive, but remember there is always something cheap. Even among high quality dividend stocks. Our \"Buy List\" currently counts 36 high quality names.</p>\n<p>You want to buy the high quality dividend names when they're cheap, and sell them when they're high.</p>\n<p>Rinse and repeat.</p>\n<p>And right now there are a lot of stocks, even high quality ones, that are worth selling.</p>\n<p>Here are 10 more dividend aristocrats which are insanely expensive from a dividend investor's point of view.</p>\n<p><b>10 Overvalued Dividend Aristocrats</b></p>\n<p><b>Walmart (WMT)</b></p>\n<p>Let's start this one off with one of America's widows and orphans favorites: Walmart.</p>\n<p>The company needs no introduction. It operates a very tight ship, paying out only 22% of free cash flow despite having increased the dividend for multiple decades.</p>\n<p>Despite being as mature as they get, the company has continued to increase its revenues throughout the past few years.</p>\n<p>It's as \"All Weather\" as it gets. Don't count on WMT cutting its dividend in the next 20 years. It's not going to happen.</p>\n<p>So what's the catch?</p>\n<p>The catch is the menial growth rate, which is beyond comprehension, tied to an extremely low yield.</p>\n<p>While free cash flow per share grew a total 32% in the past 5 years, the dividend is up only about 8%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d123739bb260b126017b11f75cb55fbb\" tg-width=\"640\" tg-height=\"276\"><span>Source: Dividend Freedom Tribe (Click here to learn more about MAD Charts)</span></p>\n<p>This equates to a 1.9% dividend CAGR during the past 5 years. Dividends could have increased a lot more given the low payout ratios, but management has chosen not to do so.</p>\n<p>This was not the case 10 years ago, as you can see, the dividend increased rapidly between 2011 and 2013, but since then management has taken a significantly different approach.</p>\n<p>Over 10 years, the dividend CAGR has been 4%.</p>\n<p>As a consequence, following the run up in price in the past few years, WMT has become overvalued.</p>\n<p>Its 1.64% yield is below the 10-year median yield of 2.44% and way out of the historically \"fair range\" of 2.14% to 2.69%. I call it the historically fair range because even if Walmart were to prop its dividend growth back up to 4% per annum (which would be double what it did in the past 7 years) income would not be satisfactory.</p>\n<p>Our common quick test is referred to as the \"10% in 10 years\" test. In a nutshell, an income stream can be viewed as very attractive if in 10 years, you can get 10% on your initial investment including the reinvestment of dividends.</p>\n<p>So if you invest $10,000 and you can expect to get $1,000 in 10 years, then it is a great income opportunity. At 8% it would be a good opportunity.</p>\n<p>Below, it's not a bad income opportunity, and you shouldn't consider the stock as paying an attractive dividend stream.</p>\n<p>Of course, this is sensitive to our estimate of dividend growth over the next 10 years, which is why to drive our point home, we will always overestimate dividend growth in this article.</p>\n<p><b>If a stock's income stream is unattractive in a best-case scenario, what does it say of it?</b>I'll let you answer that one.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a941da584a7d35c173dab778d3859f85\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>If you invest $10,000 in WMT today, and that you reinvest the dividends once per year at the current yield, and the dividend grows 4% per annum, then in 10 years you'd expect... a menial $277 per year of which $37 (the blue bar in the chart above) would come from having reinvested dividends.</p>\n<p>That's only 2.77% of your original investment. Let me say this: this is very, very, unattractive.</p>\n<p>Here, we have an example of where both management and the stock market are culprits: management has not committed to significantly increase the dividend, and the stock market has pushed the price up way too high. Sell.</p>\n<p><b>Lowe's (LOW)</b></p>\n<p>Next is another dividend investor favorite.</p>\n<p>LOW currently yields 1.33%, which is below its 10-year median 1.73% yield, out of its historical 'fair range\" of 1.53% to 1.96%.</p>\n<p>During the past 10 years, its dividend yield has never been less than 1.22% and never more than 3.38%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f19489a00e955e23abb6ddac042168b5\" tg-width=\"640\" tg-height=\"263\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>While LOW only increased its dividend by 9% this year, it has averaged 16.5% per year in the past 5 years, while maintaining a free cash flow payout ratio of just 20%.</p>\n<p>LOW is a phenomenally managed company, with a great business model. The price has just gone way too crazy.</p>\n<p>If you invested $10,000 in LOW at current prices, reinvested dividends at the current yield and saw the dividend grow at 16% per annum for the next 10 years, then you'd be looking at $652 in income 10 years from now, of which $70 would come from dividend reinvestments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2784d92d8bc192d6f2acdfb0c61b18f9\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Note that this is a lot more than Walmart, but it still doesn't pass our test as a \"good\" income stream.</p>\n<p>LOW yields less than WMT, but just observe how the difference in expected growth rates changes the course of income over 10 years!</p>\n<p>However, growth can't always make up for low yields. Case in point here, even 16% dividend growth (a 340% increase in 10 years) still wouldn't pass our test.</p>\n<p>Compare this to Home Depot (HD). We can't discuss LOW without HD. HD's yield is 2.3%, a whole extra point. It also pays out twice as much, although still a healthy 44% free cash flow payout ratio.</p>\n<p>However, if HD increases its dividend by 10% per annum (a 159% increase over 10 years), an investment in HD would return more dividends despite having to increase its dividend by only half.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0323235349011a2555910e028da9e053\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Note that HD would only provide 7.12% in 10 years under such a scenario.</p>\n<p>When the price was at $255, the simulation passed the 8% mark, and triggered us to get&nbsp;back in the stock. That was within 2% of the low, which is not too bad.</p>\n<p><b>Clorox (CLX)</b></p>\n<p>Clorox is a stock, which I exited although my timing wasn't great as I missed the peak.</p>\n<p>It has come back down though and is only 2% above the price when I last published an article on CLX, back in April 2020.</p>\n<p>At that point, I suggested&nbsp;it wasn't the time to sell,but that \"I<i>f you're not invested in CLX, you're late to the game, and would be better served investing elsewhere.</i>\"</p>\n<p>The reasons which warranted holding CLX in April 2020 are no longer present (defensive, trending momentum, more gains to squeeze out).</p>\n<p>Clorox is coming down and has further to drop.</p>\n<p>It currently yields 2.3%, below its 10-year median of 2.77%, and out of its historically fair range of 2.45% to 3.2%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20071200f2f3999c86269d6f149e4b9f\" tg-width=\"640\" tg-height=\"278\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Last year the company increased its dividend by 4.7%, but it has averaged 7.5% over the past 5 years.</p>\n<p>Given the very reasonable payout ratios of 44%, I believe long term dividend growth of 7% is attainable for Clorox.</p>\n<p>However, this won't quite cut it from an income perspective. A $10,000 investment with 7% growth, and reinvestments at the current yield, would generate $546 in income in 10 years, of which $101 would come from dividend reinvestments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/23da26e432e2b7e8b6bdb13f5e29a69e\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>This is not quite satisfactory, and given that Clorox's momentum is among the worst 6% of stocks in the market according to our&nbsp;Momentum Score., then I'd strongly suggesting avoiding CLX, and moving out of the position if not yet done.</p>\n<p><b>S&amp;P Global (SPGI)</b></p>\n<p>S&amp;P Global is a great company. It is beautifully managed, it has a long history of growth, and a lot of track ahead of it to continue increasing its dividend aggressively.</p>\n<p>You can't really fault management, the dividend has been growing at 16% per annum for the past 5 years, while maintaining the free cash flow payout ratio below 20%.</p>\n<p>It is once again a case of the market collectively getting too high<i>(pun intended)</i>on how good a company it is.</p>\n<p>The current yield of 0.89% is extremely low.</p>\n<p>This wasn't always the case. Back in 2011, and in early 2013, one could buy SPGI with a 2.8% yield, which would have been a great investment.</p>\n<p>It is only fair to point out that had we done so, we would have also exited early, likely sometime in late 2017 or 2018, and would have been very comfortable foregoing future returns to shift to value, increase our income stream, and sleep well at night.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d8c3911a974e2dd7a84bc20a48fb1bd\" tg-width=\"640\" tg-height=\"258\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>The relationship between yield and growth rates gets extreme as yields get very low.</p>\n<p>With the same $10,000 simulation, assuming 16% dividend growth with reinvestments of dividends, in 10 years you could only expect $408 in dividends, half the amount to be considered a good income opportunity.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7064780cec867a4538c3d054855e9833\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>For SPGI to be considered a good income opportunity at the current valuation, one would have to believe that they would be able to increase the dividend by 25% per annum. Over 10 years that equates to an 831% increase, which somehow seems like a pipe dream.</p>\n<p>Sell.</p>\n<p><b>Emerson Electric (EMR)</b></p>\n<p>Industrials have been having one hell of a run. We've enjoyed this in our own industrial picks. One of our favorite is Snap-on (SNA) which we've been quite vocal about in the past year.</p>\n<p>Emerson Electric has also had one hell of a run but now trades at a valuation that is unheard of in the past decade.</p>\n<p>The stock yields 2.3%, below its 10-year median yield of 3%, outside of its historically fair range of 2.7% to 3.3%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d944b59394a16ed80fc94a589fa7324c\" tg-width=\"640\" tg-height=\"267\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>But this is combined to the fact that since 2014, dividend growth hasn't even kept up with inflation. If you've been checking inflation numbers in the past 7 years, you know that that is not a lot.</p>\n<p>In the past 5 years, the dividend has grown at a 1% CAGR, while management could have easily achieved more. The free cash flow payout ratio was 52% 5 years ago. Today it's 40%.</p>\n<p>Only one way to read into this, management is choosing to not increase the dividend in line with the growth in the business.</p>\n<p>This is a negative signal for us, as it signals that management is viewing the dividend policy as a chore, and not as a way to actively reward shareholders for bearing the risk of the business they run.</p>\n<p>For this one, let's run the simulation assuming management continue down this road, increasing the dividend by 1% per year.</p>\n<p>If you invest $10,000, reinvest the dividends at the current yield, then in 10 years, you can expect a crazy $311 in dividends.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c89954861e46ae1c097a0d470bd33262\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Alternatively you could buy Broadcom (AVGO) and get that amount today, or if you want to stay in Industrials, SNA, and get that amount in a year or two.</p>\n<p>The valuation doesn't meet management's commitment to shareholders. Sell.</p>\n<p><b>Stanley Black &amp; Decker (SWK)</b></p>\n<p>The party in industrials has gotten out of hand in many places. Stanley Black &amp; Decker is another example of this in action. The power and hand tools company now once again trades at a valuation which it last traded at in January 2018.</p>\n<p>If you want to see how that played out. Just look at how much pain buying the stock then, or choosing to hold on to it would have been.</p>\n<p>Alternatively you could buy Broadcom (AVGO) and get that amount today, or if you want to stay in Industrials, SNA, and get that amount in a year or two.</p>\n<p>The valuation doesn't meet management's commitment to shareholders. Sell.</p>\n<p><b>Stanley Black &amp; Decker (SWK)</b></p>\n<p>The party in industrials has gotten out of hand in many places. Stanley Black &amp; Decker is another example of this in action. The power and hand tools company now once again trades at a valuation which it last traded at in January 2018.</p>\n<p>If you want to see how that played out. Just look at how much pain buying the stock then, or choosing to hold on to it would have been.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74820b5e557fed125ab45b00abf68a9a\" tg-width=\"640\" tg-height=\"284\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>It would have taken you nearly 3 years for your position to be worth what it was then, and in exchange for your loyalty, you would have been compensated with dividend increases which have averaged about 3.5%.</p>\n<p>Not great.</p>\n<p>The current yield of 1.45% is dangerously close to the 10-year minimum yield of 1.42%. It is way below the median yield of 2.08%, and out of the historically \"fair range\" of 1.8% to 2.36%.</p>\n<p>Even if the dividend were to grow in the next 10 years at 7.5% per annum (the rate which it has in the past 10 years) then it would still be a very lackluster investment from an income perspective.</p>\n<p>Investing $10,000 at the current valuation, and reinvesting dividends in such a scenario would yield $333 in 10 years. Only 3.33% of your original investment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7c5ca2d0da16c57859ab6625dcb53d3\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Save yourself the hardship, and start moving out of your SWK position.</p>\n<p><b>Cintas (CTAS)</b></p>\n<p>This trend exists in many Industrial stocks. Cintas is yet another example in the Dividend Aristocrat space.</p>\n<p>It has been increasing at an incredible rate during the past decade, a period during which the dividend has grown at 20% per year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47ba13e219490befa43575545dfa7f3a\" tg-width=\"640\" tg-height=\"261\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>But as you can see with the price moving from the blue band to the red band over the years, the market has continually reviewed its valuation of Cintas upwards.</p>\n<p>For that reason it might not be worth looking towards historical ranges to derive value. Every year you would have said \"boy that looks expensive\".</p>\n<p>Here a better alternative is to look purely towards the future.</p>\n<p>Even if Cintas can keep up its historical growth rate of 20% per annum over the next ten years (<i>it only managed 10% this past year)</i>Cintas wouldn't quite reach our threshold of 8% on the initial investment, as the chart below shows.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a94c7d8d6e6f5a5f6d8c29c9853e0e30\" tg-width=\"623\" tg-height=\"200\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Note that a 20% dividend growth rate is extremely powerful. It can increase income 6x on an extremely low yielding security. However, it is a momentous challenge as it implies multiplying the dividend by nearly 6x.</p>\n<p>If they did somehow pull it off, while growing free cash flow at 8% per annum (the rate of revenue growth in the past 10 years) then the dividend would move from 30% of free cash flow to 85% of free cash flow.</p>\n<p>And yet from our income stream analysis, it would still come up short.</p>\n<p>Sometimes things are just too much of a stretch.</p>\n<p><b>Nucor (NUE)</b></p>\n<p>Overvalued names seem to pop up in nearly every sector this year.</p>\n<p>If we move to Materials, we find Nucor which is yet again an example of a dividend aristocrat which has been increasing its dividend at such a low rate for so long. Its 2.4% yield cannot be counted on to give any significant boost to your income.</p>\n<p>During the past 10 years, the dividend has grown at a 1.3% CAGR. Over the past 5 years, this has gone down to 1.2%, with last year's increase an anemic 0.6% increase.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98a2ba9f8009f8ac4d1c083392399479\" tg-width=\"640\" tg-height=\"264\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Management could probably have squeezed out more as free cash flow payout ratios have mostly been stable at around 50% for the past 5 years</p>\n<p>But that highlights a problem. FCF per share has grown at the same rate as the dividend, this means about 1%.</p>\n<p>Now I have no problem with low growth businesses if they provide a safe high yield. But Nucor offers none of that. In fact, if we continue to project into the future at a growth rate of 1.3%, one could expect 3.34% on his original investment in 10 years, assuming reinvestments at the current yield.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/184b904b8ce9a90a60e78e0ed80a77c7\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>It's been a good run, but it is time to sell.</p>\n<p><b>Cincinnati Financial (CINF)</b></p>\n<p>Insurance companies were hit bad in 2020. It is a whole theme we have with our Dividend Freedom Tribe members, where we encourage them to buy undervalued insurance companies for a recovery scenario. One such stock is Prudential (PRU). Another is Aflac (AFL) which is also a Dividend Aristocrat.</p>\n<p>But CINF, while being a very safe and stable Aristocrat, is also overvalued.</p>\n<p>It yields 2.4%, well below its 10-year median of 3.2% and out of its historical fair range of 2.7% to 3.6%.</p>\n<p>Note that when it yields 3.5% or more, we think it is a great opportunity, but that has only happened during 3 periods in the past 10 years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae7700b28d1b3e32bff9fca0adb8b7b6\" tg-width=\"640\" tg-height=\"263\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>At the current rate it looks like a stretch, as if management is to continue with their course of increasing the dividend at a long term rate of 5% per annum, then CINF will fail to impress from an income perspective.</p>\n<p>In 10 years, a $10,000 investment would produce $527 in income, assuming dividend reinvestments at the current yield.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c4188ccc62a81236867ba02c480e8c1\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Once again, a fantastic blue chip. Well run. Shareholder-friendly management. Sleep well at night stuff. But better opportunities out there.</p>\n<p><b>Becton, Dickinson and Company (BDX)</b></p>\n<p>The final stock on the list is a healthcare stock. While BDX is off 10% from its highs, it still remains expensive in light of future potential.</p>\n<p>BDX yields below 1.38%, below its median yield of 1.68%, and only just within the historically fair range of 1.33% to 1.95%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74888ad3edad406710e092b6a4f342fa\" tg-width=\"640\" tg-height=\"260\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>It's the only stock on the list which yields more than its 25th percentile yield, however, not enough to convince. Between 2011 and 2015, BDX yielded between 1.9% and 2.6% while its dividend was growing at a 10% CAGR. Then between 2017 and now, it has yielded between 1.3% and 1.6%, despite the dividend growth rate falling to 4% per annum.</p>\n<p>If this feels like the world upside down to you, it feels that way to me too.</p>\n<p>The trend is going towards lower 4-5% dividend growth per annum. Yet at a 32% free cash flow payout ratio, and a solid business, we can argue that maybe management could squeeze out its 10-year CAGR of 7% again in the upcoming decade.</p>\n<p>But the yield is just too low to contribute significantly.</p>\n<p>If the dividend were to grow at 7% and you were to invest $10,000 today and reinvest dividends at the current yield for the next 10 years, then you could expect $299 per year in dividends a decade from now.</p>\n<p>A menial amount, as you probably agree if you got this far in the article.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e6ea44e2052ac592627b3a3abdb58fa\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Scaling out of the position makes sense.</p>\n<p><b>Conclusion</b></p>\n<p>It's an interesting market, where we have a mixed bag of expensive stocks and cheap stocks. More and more are joining the ranks of the first category, making it a good time to trim positions.</p>\n<p>There are a few corner cases where very large taxable gains might make selling not ideal. In this list, I can only see this maybe happening with LOW, if you have a very, very large gain.</p>\n<p>Otherwise moving out might be the best decision.</p>\n<p>Just think about it, you can own stocks that are historically overvalued, have poor dividend potential, and are at risk of capital loss or stagnation from here on.</p>\n<p>Or you can maintain (<i>or even increase)</i>your income today, improve your dividend potential in the next few years, while exposing yourself to value and buying stocks that will have their turn of outsized capital gains in the next few years.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Alert: 10 Insanely Overvalued Dividend Aristocrats</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Alert: 10 Insanely Overvalued Dividend Aristocrats\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4416063-10-insanely-overvalued-dividend-aristocrats><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn a world full of uncertainty, dividend aristocrats feel safe and trustworthy.\nBut even they are subject to wild variations in price.\nThese have resulted in gains for investors, but now, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416063-10-insanely-overvalued-dividend-aristocrats\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EMR":"艾默生电气","LOW":"劳氏","NUE":"纽柯钢铁","WMT":"沃尔玛","CLX":"高乐氏","BDX":"碧迪医疗","SWK":"美国史丹利公司","CINF":"辛辛那提金融","CTAS":"信达思","SPGI":"标普全球"},"source_url":"https://seekingalpha.com/article/4416063-10-insanely-overvalued-dividend-aristocrats","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1114892411","content_text":"Summary\n\nIn a world full of uncertainty, dividend aristocrats feel safe and trustworthy.\nBut even they are subject to wild variations in price.\nThese have resulted in gains for investors, but now, these 10 stocks are extremely overvalued.\n\nPhoto by Paul Morigi/Getty Images Entertainment via Getty Images\nWritten by Sam Kovacs\nIntroduction: Does Warren Buffett Ever Sell?\n\nThe stock market is not there to instruct me, it's there to serve me- Warren Buffett\n\nMost investors believe that Warren Buffett is a buy and hold investor who doesn't ever sell his shares.\nThis image has been cultivated thanks to one of his famous quotes when he replied to a question at the 1998 Berkshire Hathaway (BRK.B) annual meeting of shareholders when he said:\n\nWell, the best thing to do is buy a stock that you don't ever want to sell.\n\nHowever, a closer look reveals that this doesn't mean that he doesn't ever sell.\nIf we refer to GuruFocus to look at Berkshire's transactions in the 4th quarter of 2020, one would notice that Berkshire actually sold more than they bought.\nSource: GuruFocus\nHe did add to his Verizon (VZ), Merck (MRK), AbbVie (ABBV), T-Mobile (TMUS), Chevron (CVX), Kroger (KR), Bristol-Myers (BMY), Marsh & McLennan (MMC) and RH (RH) positions.\nBut then he reduced or flat outsold his Apple (AAPL), Wells Fargo (WFC), Barrick Gold (GOLD), M&T Bank (MTB), General Motors (GM), PNC Financial (PNC), Pfizer (PFE), JPMorgan (JPM), Suncor (SU), US Bancorp (USB), and Liberty Latin America (LILAK) positions.\nJust counting on my fingers, I can tell that he has sold more than he has bought in that last quarter.\nThe idea that he never reduces or sells his positions is just flat out wrong.\nWhen it's a good idea to sell\nDo you think that Warren Buffett believes that AAPL has become a bad company? No, of course not. However, it is possible that he believes it has become overvalued.\nIt should be noted that we disagree with a few of his buys, as well as a few of a couple of his sells.\nThat being said, the idea is simple:If you buy when stocks are low, you might also want to sell when they're high.\nIf you don't, you're not only having half the fun, you're leaving a lot of money on the table. (Yes even after taxes are taken into account).\nFor a more detailed look into the mechanics of how this pertains to dividend investors, I would like to point you to our recent article in which I pointed out 5 overvalued dividend blue chips which were now deep in sell territory.\nThe 5 companies were Target (TGT), Caterpillar (CAT), Procter & Gamble (PG), McDonald's (MCD), and Automatic Data Processing (ADP).\nAll 5 are Dividend Aristocrats, a rare breed of stocks which are 1. part of the S&P 500 (SPY) and 2. have increased their dividends consecutively for the past 25 years.\nIn so far as \"All Weather\" dividend streams go, Dividend Aristocrats are the cream of the crop.\nThey provide comfort, after all, you own a piece of American greatness. Yet sometimes even these stocks can become extremely overvalued.\nWhen this happens, reducing your position makes sense. If the conditions persist, scaling out entirely of the position can also be a good idea.\nA note on valuation\nAs a quick reminder, we are dividend investors and use an approach to valuation which is unique to The Dividend Freedom Tribe.\nIn a nutshell:\n\n To determine whether a stock is overvalued, we use our MAD Charts, which look at historical ranges of dividend yields for a given stock, and we tie it in to future growth expectations. The idea being that a low yield is fine if it is linked to very high dividend growth expectations. We project income into the future to quantify this.\n\nThis means that we will look at whether a stock is expensive relative to what investors have historically valued the stock at.\nWe will then look at prospective growth rates and determine if the potential stream of income is attractive to a dividend investor.\nIt is sometimes the case that a company could be a fantastic dividend stock, but because its price outpaces its dividend growth by such a huge margin, it can no longer be construed as an attractive dividend stock and is best replaced by a more attractive one.\nAn investor following a different strategy might come to a totally different conclusion. Isn't that the beauty of it? A recent article titled \"Value Vs. Growth: A Trip Down Memory Lane (And 3 Value Stocks You Need To Buy Now)\" explores this idea.\nThe current market is broadly expensive, but remember there is always something cheap. Even among high quality dividend stocks. Our \"Buy List\" currently counts 36 high quality names.\nYou want to buy the high quality dividend names when they're cheap, and sell them when they're high.\nRinse and repeat.\nAnd right now there are a lot of stocks, even high quality ones, that are worth selling.\nHere are 10 more dividend aristocrats which are insanely expensive from a dividend investor's point of view.\n10 Overvalued Dividend Aristocrats\nWalmart (WMT)\nLet's start this one off with one of America's widows and orphans favorites: Walmart.\nThe company needs no introduction. It operates a very tight ship, paying out only 22% of free cash flow despite having increased the dividend for multiple decades.\nDespite being as mature as they get, the company has continued to increase its revenues throughout the past few years.\nIt's as \"All Weather\" as it gets. Don't count on WMT cutting its dividend in the next 20 years. It's not going to happen.\nSo what's the catch?\nThe catch is the menial growth rate, which is beyond comprehension, tied to an extremely low yield.\nWhile free cash flow per share grew a total 32% in the past 5 years, the dividend is up only about 8%.\nSource: Dividend Freedom Tribe (Click here to learn more about MAD Charts)\nThis equates to a 1.9% dividend CAGR during the past 5 years. Dividends could have increased a lot more given the low payout ratios, but management has chosen not to do so.\nThis was not the case 10 years ago, as you can see, the dividend increased rapidly between 2011 and 2013, but since then management has taken a significantly different approach.\nOver 10 years, the dividend CAGR has been 4%.\nAs a consequence, following the run up in price in the past few years, WMT has become overvalued.\nIts 1.64% yield is below the 10-year median yield of 2.44% and way out of the historically \"fair range\" of 2.14% to 2.69%. I call it the historically fair range because even if Walmart were to prop its dividend growth back up to 4% per annum (which would be double what it did in the past 7 years) income would not be satisfactory.\nOur common quick test is referred to as the \"10% in 10 years\" test. In a nutshell, an income stream can be viewed as very attractive if in 10 years, you can get 10% on your initial investment including the reinvestment of dividends.\nSo if you invest $10,000 and you can expect to get $1,000 in 10 years, then it is a great income opportunity. At 8% it would be a good opportunity.\nBelow, it's not a bad income opportunity, and you shouldn't consider the stock as paying an attractive dividend stream.\nOf course, this is sensitive to our estimate of dividend growth over the next 10 years, which is why to drive our point home, we will always overestimate dividend growth in this article.\nIf a stock's income stream is unattractive in a best-case scenario, what does it say of it?I'll let you answer that one.\nSource: Dividend Freedom Tribe\nIf you invest $10,000 in WMT today, and that you reinvest the dividends once per year at the current yield, and the dividend grows 4% per annum, then in 10 years you'd expect... a menial $277 per year of which $37 (the blue bar in the chart above) would come from having reinvested dividends.\nThat's only 2.77% of your original investment. Let me say this: this is very, very, unattractive.\nHere, we have an example of where both management and the stock market are culprits: management has not committed to significantly increase the dividend, and the stock market has pushed the price up way too high. Sell.\nLowe's (LOW)\nNext is another dividend investor favorite.\nLOW currently yields 1.33%, which is below its 10-year median 1.73% yield, out of its historical 'fair range\" of 1.53% to 1.96%.\nDuring the past 10 years, its dividend yield has never been less than 1.22% and never more than 3.38%.\nSource: Dividend Freedom Tribe\nWhile LOW only increased its dividend by 9% this year, it has averaged 16.5% per year in the past 5 years, while maintaining a free cash flow payout ratio of just 20%.\nLOW is a phenomenally managed company, with a great business model. The price has just gone way too crazy.\nIf you invested $10,000 in LOW at current prices, reinvested dividends at the current yield and saw the dividend grow at 16% per annum for the next 10 years, then you'd be looking at $652 in income 10 years from now, of which $70 would come from dividend reinvestments.\nSource: Dividend Freedom Tribe\nNote that this is a lot more than Walmart, but it still doesn't pass our test as a \"good\" income stream.\nLOW yields less than WMT, but just observe how the difference in expected growth rates changes the course of income over 10 years!\nHowever, growth can't always make up for low yields. Case in point here, even 16% dividend growth (a 340% increase in 10 years) still wouldn't pass our test.\nCompare this to Home Depot (HD). We can't discuss LOW without HD. HD's yield is 2.3%, a whole extra point. It also pays out twice as much, although still a healthy 44% free cash flow payout ratio.\nHowever, if HD increases its dividend by 10% per annum (a 159% increase over 10 years), an investment in HD would return more dividends despite having to increase its dividend by only half.\nSource: Dividend Freedom Tribe\nNote that HD would only provide 7.12% in 10 years under such a scenario.\nWhen the price was at $255, the simulation passed the 8% mark, and triggered us to get back in the stock. That was within 2% of the low, which is not too bad.\nClorox (CLX)\nClorox is a stock, which I exited although my timing wasn't great as I missed the peak.\nIt has come back down though and is only 2% above the price when I last published an article on CLX, back in April 2020.\nAt that point, I suggested it wasn't the time to sell,but that \"If you're not invested in CLX, you're late to the game, and would be better served investing elsewhere.\"\nThe reasons which warranted holding CLX in April 2020 are no longer present (defensive, trending momentum, more gains to squeeze out).\nClorox is coming down and has further to drop.\nIt currently yields 2.3%, below its 10-year median of 2.77%, and out of its historically fair range of 2.45% to 3.2%.\nSource: Dividend Freedom Tribe\nLast year the company increased its dividend by 4.7%, but it has averaged 7.5% over the past 5 years.\nGiven the very reasonable payout ratios of 44%, I believe long term dividend growth of 7% is attainable for Clorox.\nHowever, this won't quite cut it from an income perspective. A $10,000 investment with 7% growth, and reinvestments at the current yield, would generate $546 in income in 10 years, of which $101 would come from dividend reinvestments.\nSource: Dividend Freedom Tribe\nThis is not quite satisfactory, and given that Clorox's momentum is among the worst 6% of stocks in the market according to our Momentum Score., then I'd strongly suggesting avoiding CLX, and moving out of the position if not yet done.\nS&P Global (SPGI)\nS&P Global is a great company. It is beautifully managed, it has a long history of growth, and a lot of track ahead of it to continue increasing its dividend aggressively.\nYou can't really fault management, the dividend has been growing at 16% per annum for the past 5 years, while maintaining the free cash flow payout ratio below 20%.\nIt is once again a case of the market collectively getting too high(pun intended)on how good a company it is.\nThe current yield of 0.89% is extremely low.\nThis wasn't always the case. Back in 2011, and in early 2013, one could buy SPGI with a 2.8% yield, which would have been a great investment.\nIt is only fair to point out that had we done so, we would have also exited early, likely sometime in late 2017 or 2018, and would have been very comfortable foregoing future returns to shift to value, increase our income stream, and sleep well at night.\nSource: Dividend Freedom Tribe\nThe relationship between yield and growth rates gets extreme as yields get very low.\nWith the same $10,000 simulation, assuming 16% dividend growth with reinvestments of dividends, in 10 years you could only expect $408 in dividends, half the amount to be considered a good income opportunity.\nSource: Dividend Freedom Tribe\nFor SPGI to be considered a good income opportunity at the current valuation, one would have to believe that they would be able to increase the dividend by 25% per annum. Over 10 years that equates to an 831% increase, which somehow seems like a pipe dream.\nSell.\nEmerson Electric (EMR)\nIndustrials have been having one hell of a run. We've enjoyed this in our own industrial picks. One of our favorite is Snap-on (SNA) which we've been quite vocal about in the past year.\nEmerson Electric has also had one hell of a run but now trades at a valuation that is unheard of in the past decade.\nThe stock yields 2.3%, below its 10-year median yield of 3%, outside of its historically fair range of 2.7% to 3.3%.\nSource: Dividend Freedom Tribe\nBut this is combined to the fact that since 2014, dividend growth hasn't even kept up with inflation. If you've been checking inflation numbers in the past 7 years, you know that that is not a lot.\nIn the past 5 years, the dividend has grown at a 1% CAGR, while management could have easily achieved more. The free cash flow payout ratio was 52% 5 years ago. Today it's 40%.\nOnly one way to read into this, management is choosing to not increase the dividend in line with the growth in the business.\nThis is a negative signal for us, as it signals that management is viewing the dividend policy as a chore, and not as a way to actively reward shareholders for bearing the risk of the business they run.\nFor this one, let's run the simulation assuming management continue down this road, increasing the dividend by 1% per year.\nIf you invest $10,000, reinvest the dividends at the current yield, then in 10 years, you can expect a crazy $311 in dividends.\nSource: Dividend Freedom Tribe\nAlternatively you could buy Broadcom (AVGO) and get that amount today, or if you want to stay in Industrials, SNA, and get that amount in a year or two.\nThe valuation doesn't meet management's commitment to shareholders. Sell.\nStanley Black & Decker (SWK)\nThe party in industrials has gotten out of hand in many places. Stanley Black & Decker is another example of this in action. The power and hand tools company now once again trades at a valuation which it last traded at in January 2018.\nIf you want to see how that played out. Just look at how much pain buying the stock then, or choosing to hold on to it would have been.\nAlternatively you could buy Broadcom (AVGO) and get that amount today, or if you want to stay in Industrials, SNA, and get that amount in a year or two.\nThe valuation doesn't meet management's commitment to shareholders. Sell.\nStanley Black & Decker (SWK)\nThe party in industrials has gotten out of hand in many places. Stanley Black & Decker is another example of this in action. The power and hand tools company now once again trades at a valuation which it last traded at in January 2018.\nIf you want to see how that played out. Just look at how much pain buying the stock then, or choosing to hold on to it would have been.\nSource: Dividend Freedom Tribe\nIt would have taken you nearly 3 years for your position to be worth what it was then, and in exchange for your loyalty, you would have been compensated with dividend increases which have averaged about 3.5%.\nNot great.\nThe current yield of 1.45% is dangerously close to the 10-year minimum yield of 1.42%. It is way below the median yield of 2.08%, and out of the historically \"fair range\" of 1.8% to 2.36%.\nEven if the dividend were to grow in the next 10 years at 7.5% per annum (the rate which it has in the past 10 years) then it would still be a very lackluster investment from an income perspective.\nInvesting $10,000 at the current valuation, and reinvesting dividends in such a scenario would yield $333 in 10 years. Only 3.33% of your original investment.\nSource: Dividend Freedom Tribe\nSave yourself the hardship, and start moving out of your SWK position.\nCintas (CTAS)\nThis trend exists in many Industrial stocks. Cintas is yet another example in the Dividend Aristocrat space.\nIt has been increasing at an incredible rate during the past decade, a period during which the dividend has grown at 20% per year.\nSource: Dividend Freedom Tribe\nBut as you can see with the price moving from the blue band to the red band over the years, the market has continually reviewed its valuation of Cintas upwards.\nFor that reason it might not be worth looking towards historical ranges to derive value. Every year you would have said \"boy that looks expensive\".\nHere a better alternative is to look purely towards the future.\nEven if Cintas can keep up its historical growth rate of 20% per annum over the next ten years (it only managed 10% this past year)Cintas wouldn't quite reach our threshold of 8% on the initial investment, as the chart below shows.\nSource: Dividend Freedom Tribe\nNote that a 20% dividend growth rate is extremely powerful. It can increase income 6x on an extremely low yielding security. However, it is a momentous challenge as it implies multiplying the dividend by nearly 6x.\nIf they did somehow pull it off, while growing free cash flow at 8% per annum (the rate of revenue growth in the past 10 years) then the dividend would move from 30% of free cash flow to 85% of free cash flow.\nAnd yet from our income stream analysis, it would still come up short.\nSometimes things are just too much of a stretch.\nNucor (NUE)\nOvervalued names seem to pop up in nearly every sector this year.\nIf we move to Materials, we find Nucor which is yet again an example of a dividend aristocrat which has been increasing its dividend at such a low rate for so long. Its 2.4% yield cannot be counted on to give any significant boost to your income.\nDuring the past 10 years, the dividend has grown at a 1.3% CAGR. Over the past 5 years, this has gone down to 1.2%, with last year's increase an anemic 0.6% increase.\nSource: Dividend Freedom Tribe\nManagement could probably have squeezed out more as free cash flow payout ratios have mostly been stable at around 50% for the past 5 years\nBut that highlights a problem. FCF per share has grown at the same rate as the dividend, this means about 1%.\nNow I have no problem with low growth businesses if they provide a safe high yield. But Nucor offers none of that. In fact, if we continue to project into the future at a growth rate of 1.3%, one could expect 3.34% on his original investment in 10 years, assuming reinvestments at the current yield.\nSource: Dividend Freedom Tribe\nIt's been a good run, but it is time to sell.\nCincinnati Financial (CINF)\nInsurance companies were hit bad in 2020. It is a whole theme we have with our Dividend Freedom Tribe members, where we encourage them to buy undervalued insurance companies for a recovery scenario. One such stock is Prudential (PRU). Another is Aflac (AFL) which is also a Dividend Aristocrat.\nBut CINF, while being a very safe and stable Aristocrat, is also overvalued.\nIt yields 2.4%, well below its 10-year median of 3.2% and out of its historical fair range of 2.7% to 3.6%.\nNote that when it yields 3.5% or more, we think it is a great opportunity, but that has only happened during 3 periods in the past 10 years.\nSource: Dividend Freedom Tribe\nAt the current rate it looks like a stretch, as if management is to continue with their course of increasing the dividend at a long term rate of 5% per annum, then CINF will fail to impress from an income perspective.\nIn 10 years, a $10,000 investment would produce $527 in income, assuming dividend reinvestments at the current yield.\nSource: Dividend Freedom Tribe\nOnce again, a fantastic blue chip. Well run. Shareholder-friendly management. Sleep well at night stuff. But better opportunities out there.\nBecton, Dickinson and Company (BDX)\nThe final stock on the list is a healthcare stock. While BDX is off 10% from its highs, it still remains expensive in light of future potential.\nBDX yields below 1.38%, below its median yield of 1.68%, and only just within the historically fair range of 1.33% to 1.95%.\nSource: Dividend Freedom Tribe\nIt's the only stock on the list which yields more than its 25th percentile yield, however, not enough to convince. Between 2011 and 2015, BDX yielded between 1.9% and 2.6% while its dividend was growing at a 10% CAGR. Then between 2017 and now, it has yielded between 1.3% and 1.6%, despite the dividend growth rate falling to 4% per annum.\nIf this feels like the world upside down to you, it feels that way to me too.\nThe trend is going towards lower 4-5% dividend growth per annum. Yet at a 32% free cash flow payout ratio, and a solid business, we can argue that maybe management could squeeze out its 10-year CAGR of 7% again in the upcoming decade.\nBut the yield is just too low to contribute significantly.\nIf the dividend were to grow at 7% and you were to invest $10,000 today and reinvest dividends at the current yield for the next 10 years, then you could expect $299 per year in dividends a decade from now.\nA menial amount, as you probably agree if you got this far in the article.\nSource: Dividend Freedom Tribe\nScaling out of the position makes sense.\nConclusion\nIt's an interesting market, where we have a mixed bag of expensive stocks and cheap stocks. More and more are joining the ranks of the first category, making it a good time to trim positions.\nThere are a few corner cases where very large taxable gains might make selling not ideal. In this list, I can only see this maybe happening with LOW, if you have a very, very large gain.\nOtherwise moving out might be the best decision.\nJust think about it, you can own stocks that are historically overvalued, have poor dividend potential, and are at risk of capital loss or stagnation from here on.\nOr you can maintain (or even increase)your income today, improve your dividend potential in the next few years, while exposing yourself to value and buying stocks that will have their turn of outsized capital gains in the next few years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327535612,"gmtCreate":1616108942036,"gmtModify":1704790992721,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327535612","repostId":"2120163660","repostType":4,"repost":{"id":"2120163660","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1616078340,"share":"https://ttm.financial/m/news/2120163660?lang=&edition=fundamental","pubTime":"2021-03-18 22:39","market":"hk","language":"en","title":"The Fed plans to keep interest rates low -- so why do interest rates keep rising?","url":"https://stock-news.laohu8.com/highlight/detail?id=2120163660","media":"Dow Jones","summary":"Mortgage rates are now at the highest point since June and could go even higher even if the Federal ","content":"<p>Mortgage rates are now at the highest point since June and could go even higher even if the Federal Reserve doesn't change its policy</p><p>The Federal Reserve is planning to stay the course in keeping interest rates low -- but that isn't necessarily music to home buyers' ears.</p><p>On Wednesday, the Federal Reserve signaled that it won't raise interest rates  until 2023 at the earliest, even though some observers have voiced concerns about rising inflation. As of now, seven of the 18 Fed officials expect a rate hike to come in 2023, while four think <a href=\"https://laohu8.com/S/AONE\">one</a> could happen next year.</p><p>Investors happily greeted the news , with the Dow Jones Industrial Average  and the S&amp;P 500   both notching intraday records Wednesday following the Fed's announcement. Whether the Fed's policy is similarly auspicious for home buyers or people looking to refinance their existing mortgages remains to be seen.</p><p>Since the start of the year, the benchmark rate on the 30-year fixed-rate mortgage has risen more than 40 basis points, according to data from Freddie Mac.</p><p>As of Thursday  reported. It's the highest level that the benchmark mortgage rate has hit since June of last year.</p><p>Meanwhile, the average rates on the 15-year fixed-rate mortgage and the 5-year Treasury-indexed adjustable-rate mortgage both increased by two basis points, to 2.4% and 2.79% respectively.</p><p>\"The Fed funds rate itself has no impact on mortgage rates,\" said Tendayi Kapfidze, chief economist at <a href=\"https://laohu8.com/S/TREE\">LendingTree</a> <a href=\"https://laohu8.com/S/TREE.UK\">$(TREE.UK)$</a>, in explaining the Fed's policy decision didn't stem the rise in mortgage rates this week. The Federal Reserve controls short-term interest rates. But mortgage rates are long term rates, and mortgage lenders take their cues from the bond market when setting the rates they charge to borrowers.</p><p>In particular, mortgage rates roughly track the direction of the 10-year Treasury . But even that relationship isn't foolproof. \"This relationship can vary,\" Kapfidze said. \"10-yr Treasury rates were on an upward trend from August 2020, but mortgage rates were still falling until February.\"</p><p>Mortgage rates have risen quickly in recent weeks, reaching the highest level since July, as investors grew increasingly concerned about inflation. With Americans now receiving the stimulus checks approved as part of the $1.9 trillion American Rescue Plan, some analysts expect people to rush out and spend that money, causing prices to go up for consumer goods and services.</p><p>Still, the Fed's stance and policy decisions could have some influence on mortgage rates, even if the central bank doesn't control them directly. Since the start of the pandemic, the Federal Reserve has ramped up its purchases of mortgage-backed securities in an effort to pump much needed liquidity into the market. Those purchases helped to push rates lower.</p><p>\"Reaffirming its commitment to ongoing asset purchases while acknowledging that a tapering is on the horizon at some point -- likely pretty far off -- should help slow the rise of mortgage rates,\" said Danielle Hale, chief economist at Realtor.com. Hale noted that she expects the overall upward trend in mortgage rates to continue.</p><p>But if the Fed reverses its policy regarding mortgage-backed securities, rates could quickly rise as lenders face liquidity constraints. Alternatively, if the Fed were to opt to ramp up its purchases of 10-year Treasury notes to stem long-term rates, then mortgage rates could drop, Kapfidze said.</p><p>Either way, mortgage rates remain very low by historical standards even if they're now above the 3% mark, and industry experts anticipate that demand for mortgages will remain strong.</p><p>The Mortgage Bankers Association \"continues to see a very strong housing market, with mortgage applications to buy a home increasing, even as refinance demand wanes,\" said Mike Fratantoni, the trade organization's chief economist. \"While mortgage rates are likely to move somewhat higher, the purchase market remains on track for a record year.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed plans to keep interest rates low -- so why do interest rates keep rising?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Fed plans to keep interest rates low -- so why do interest rates keep rising?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-03-18 22:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Mortgage rates are now at the highest point since June and could go even higher even if the Federal Reserve doesn't change its policy</p><p>The Federal Reserve is planning to stay the course in keeping interest rates low -- but that isn't necessarily music to home buyers' ears.</p><p>On Wednesday, the Federal Reserve signaled that it won't raise interest rates  until 2023 at the earliest, even though some observers have voiced concerns about rising inflation. As of now, seven of the 18 Fed officials expect a rate hike to come in 2023, while four think <a href=\"https://laohu8.com/S/AONE\">one</a> could happen next year.</p><p>Investors happily greeted the news , with the Dow Jones Industrial Average  and the S&amp;P 500   both notching intraday records Wednesday following the Fed's announcement. Whether the Fed's policy is similarly auspicious for home buyers or people looking to refinance their existing mortgages remains to be seen.</p><p>Since the start of the year, the benchmark rate on the 30-year fixed-rate mortgage has risen more than 40 basis points, according to data from Freddie Mac.</p><p>As of Thursday  reported. It's the highest level that the benchmark mortgage rate has hit since June of last year.</p><p>Meanwhile, the average rates on the 15-year fixed-rate mortgage and the 5-year Treasury-indexed adjustable-rate mortgage both increased by two basis points, to 2.4% and 2.79% respectively.</p><p>\"The Fed funds rate itself has no impact on mortgage rates,\" said Tendayi Kapfidze, chief economist at <a href=\"https://laohu8.com/S/TREE\">LendingTree</a> <a href=\"https://laohu8.com/S/TREE.UK\">$(TREE.UK)$</a>, in explaining the Fed's policy decision didn't stem the rise in mortgage rates this week. The Federal Reserve controls short-term interest rates. But mortgage rates are long term rates, and mortgage lenders take their cues from the bond market when setting the rates they charge to borrowers.</p><p>In particular, mortgage rates roughly track the direction of the 10-year Treasury . But even that relationship isn't foolproof. \"This relationship can vary,\" Kapfidze said. \"10-yr Treasury rates were on an upward trend from August 2020, but mortgage rates were still falling until February.\"</p><p>Mortgage rates have risen quickly in recent weeks, reaching the highest level since July, as investors grew increasingly concerned about inflation. With Americans now receiving the stimulus checks approved as part of the $1.9 trillion American Rescue Plan, some analysts expect people to rush out and spend that money, causing prices to go up for consumer goods and services.</p><p>Still, the Fed's stance and policy decisions could have some influence on mortgage rates, even if the central bank doesn't control them directly. Since the start of the pandemic, the Federal Reserve has ramped up its purchases of mortgage-backed securities in an effort to pump much needed liquidity into the market. Those purchases helped to push rates lower.</p><p>\"Reaffirming its commitment to ongoing asset purchases while acknowledging that a tapering is on the horizon at some point -- likely pretty far off -- should help slow the rise of mortgage rates,\" said Danielle Hale, chief economist at Realtor.com. Hale noted that she expects the overall upward trend in mortgage rates to continue.</p><p>But if the Fed reverses its policy regarding mortgage-backed securities, rates could quickly rise as lenders face liquidity constraints. Alternatively, if the Fed were to opt to ramp up its purchases of 10-year Treasury notes to stem long-term rates, then mortgage rates could drop, Kapfidze said.</p><p>Either way, mortgage rates remain very low by historical standards even if they're now above the 3% mark, and industry experts anticipate that demand for mortgages will remain strong.</p><p>The Mortgage Bankers Association \"continues to see a very strong housing market, with mortgage applications to buy a home increasing, even as refinance demand wanes,\" said Mike Fratantoni, the trade organization's chief economist. \"While mortgage rates are likely to move somewhat higher, the purchase market remains on track for a record year.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120163660","content_text":"Mortgage rates are now at the highest point since June and could go even higher even if the Federal Reserve doesn't change its policyThe Federal Reserve is planning to stay the course in keeping interest rates low -- but that isn't necessarily music to home buyers' ears.On Wednesday, the Federal Reserve signaled that it won't raise interest rates  until 2023 at the earliest, even though some observers have voiced concerns about rising inflation. As of now, seven of the 18 Fed officials expect a rate hike to come in 2023, while four think one could happen next year.Investors happily greeted the news , with the Dow Jones Industrial Average  and the S&P 500   both notching intraday records Wednesday following the Fed's announcement. Whether the Fed's policy is similarly auspicious for home buyers or people looking to refinance their existing mortgages remains to be seen.Since the start of the year, the benchmark rate on the 30-year fixed-rate mortgage has risen more than 40 basis points, according to data from Freddie Mac.As of Thursday  reported. It's the highest level that the benchmark mortgage rate has hit since June of last year.Meanwhile, the average rates on the 15-year fixed-rate mortgage and the 5-year Treasury-indexed adjustable-rate mortgage both increased by two basis points, to 2.4% and 2.79% respectively.\"The Fed funds rate itself has no impact on mortgage rates,\" said Tendayi Kapfidze, chief economist at LendingTree $(TREE.UK)$, in explaining the Fed's policy decision didn't stem the rise in mortgage rates this week. The Federal Reserve controls short-term interest rates. But mortgage rates are long term rates, and mortgage lenders take their cues from the bond market when setting the rates they charge to borrowers.In particular, mortgage rates roughly track the direction of the 10-year Treasury . But even that relationship isn't foolproof. \"This relationship can vary,\" Kapfidze said. \"10-yr Treasury rates were on an upward trend from August 2020, but mortgage rates were still falling until February.\"Mortgage rates have risen quickly in recent weeks, reaching the highest level since July, as investors grew increasingly concerned about inflation. With Americans now receiving the stimulus checks approved as part of the $1.9 trillion American Rescue Plan, some analysts expect people to rush out and spend that money, causing prices to go up for consumer goods and services.Still, the Fed's stance and policy decisions could have some influence on mortgage rates, even if the central bank doesn't control them directly. Since the start of the pandemic, the Federal Reserve has ramped up its purchases of mortgage-backed securities in an effort to pump much needed liquidity into the market. Those purchases helped to push rates lower.\"Reaffirming its commitment to ongoing asset purchases while acknowledging that a tapering is on the horizon at some point -- likely pretty far off -- should help slow the rise of mortgage rates,\" said Danielle Hale, chief economist at Realtor.com. Hale noted that she expects the overall upward trend in mortgage rates to continue.But if the Fed reverses its policy regarding mortgage-backed securities, rates could quickly rise as lenders face liquidity constraints. Alternatively, if the Fed were to opt to ramp up its purchases of 10-year Treasury notes to stem long-term rates, then mortgage rates could drop, Kapfidze said.Either way, mortgage rates remain very low by historical standards even if they're now above the 3% mark, and industry experts anticipate that demand for mortgages will remain strong.The Mortgage Bankers Association \"continues to see a very strong housing market, with mortgage applications to buy a home increasing, even as refinance demand wanes,\" said Mike Fratantoni, the trade organization's chief economist. \"While mortgage rates are likely to move somewhat higher, the purchase market remains on track for a record year.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367117025,"gmtCreate":1614920363767,"gmtModify":1704777002489,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KXIN\">$Kaixin Auto Group(KXIN)$</a>faint!!","listText":"<a href=\"https://laohu8.com/S/KXIN\">$Kaixin Auto Group(KXIN)$</a>faint!!","text":"$Kaixin Auto Group(KXIN)$faint!!","images":[{"img":"https://static.tigerbbs.com/d76e70d603c29d2b3120ed0659a7cd75","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/367117025","isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":388119465,"gmtCreate":1613035797857,"gmtModify":1704877589535,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KXIN\">$Kaixin Auto Group(KXIN)$</a>$9... waiting for you..","listText":"<a href=\"https://laohu8.com/S/KXIN\">$Kaixin Auto Group(KXIN)$</a>$9... waiting for you..","text":"$Kaixin Auto Group(KXIN)$$9... waiting for you..","images":[{"img":"https://static.tigerbbs.com/bc47f7ca0473aad23a37ccb31f89ffbf","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388119465","isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":314685942,"gmtCreate":1612344762586,"gmtModify":1704869955155,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>this is the time where sell short invester are happy about.. going down the drain...","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>this is the time where sell short invester are happy about.. going down the drain...","text":"$GameStop(GME)$this is the time where sell short invester are happy about.. going down the drain...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314685942","isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312762078,"gmtCreate":1612183968994,"gmtModify":1704867884459,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Price sure going down","listText":"Price sure going down","text":"Price sure going down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/312762078","repostId":"1168853013","repostType":4,"repost":{"id":"1168853013","kind":"news","pubTimestamp":1612173617,"share":"https://ttm.financial/m/news/1168853013?lang=&edition=fundamental","pubTime":"2021-02-01 18:00","market":"us","language":"en","title":"Ryanair expects a loss of over $1 billion this year as travel restrictions bite","url":"https://stock-news.laohu8.com/highlight/detail?id=1168853013","media":"cnbc","summary":"KEY POINTS\n\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billio","content":"<div>\n<p>KEY POINTS\n\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billion) and 950 million euros for its 2021 fiscal year, ending in March.\nThe carrier “expects the latest ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/01/ryanair-earnings-q3-2021-1-billion-loss-expected-on-travel-disruption.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>Ryanair expects a loss of over $1 billion this year as travel restrictions bite</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRyanair expects a loss of over $1 billion this year as travel restrictions bite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/01/ryanair-earnings-q3-2021-1-billion-loss-expected-on-travel-disruption.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billion) and 950 million euros for its 2021 fiscal year, ending in March.\nThe carrier “expects the latest ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/01/ryanair-earnings-q3-2021-1-billion-loss-expected-on-travel-disruption.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/411c6ea7e969aee81c7c240d3341abef","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/02/01/ryanair-earnings-q3-2021-1-billion-loss-expected-on-travel-disruption.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1168853013","content_text":"KEY POINTS\n\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billion) and 950 million euros for its 2021 fiscal year, ending in March.\nThe carrier “expects the latest lockdowns and pre-arrival Covid test requirement to materially reduce flight schedules and traffic through to Easter.”\nRyanair shares are down about 12% since the start of the year.\n\nLONDON —Ryanairexpects this fiscal year to be “the most challenging” in its 35 year-history, the company said on Monday, as governments step up travel restrictions in an effort to containnew variants of Covid-19.\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billion) and 950 million euros for its 2021 fiscal year, ending in March. It reported a net loss of 306 million euros for the three months ending in December.\n“Covid-19 continues to wreak havoc across the industry,” Ryanair said in a statement. It added that Christmas and New Year traffic “was severely impacted” by travel bans imposed on U.K. travelers in late December.\nA number of European governments decided to impose restrictions on flights leaving the U.K. before Christmas after news that a new variant of Covid-19 identified in the county was spreading quickly. This contributed to a 83% drop in traffic in the month of December for Ryanair.\nThe carrier “expects the latest lockdowns and pre-arrival Covid test requirement to materially reduce flight schedules and traffic through to Easter.”\nThe new year saw European governments extending or introducing lockdowns as they faced a steep surge in new infections. More recently,countries in the region have discouraged non-essential travelas they look to bring down their number of daily cases. It is currently unclear when countries will start reopening their economies and go as far as encouraging travel abroad.\nHowever, European governments are in the process of vaccinating their populations in the hope that this will allow them to return to the normal day-to-day more quickly. However, thevaccine roll-out in Europe is facing production, supply and red tape issues.\n“We take some comfort from the success of the U.K. vaccine programme, which is on target to vaccinate almost 50% of the U.K. population (30 million) by the end of March. The EU now needs to step up the slow pace of its rollout programme to match the U.K.’s performance,” Ryanair said on Monday.\nRyanair shares are down about 12% since the start of the year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":352165305,"gmtCreate":1616908848707,"gmtModify":1704799908628,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/X\">$U.S. Steel(X)$</a>$26 looking forward..???","listText":"<a href=\"https://laohu8.com/S/X\">$U.S. Steel(X)$</a>$26 looking forward..???","text":"$U.S. Steel(X)$$26 looking forward..???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/352165305","isVote":1,"tweetType":1,"viewCount":768,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367117025,"gmtCreate":1614920363767,"gmtModify":1704777002489,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KXIN\">$Kaixin Auto Group(KXIN)$</a>faint!!","listText":"<a href=\"https://laohu8.com/S/KXIN\">$Kaixin Auto Group(KXIN)$</a>faint!!","text":"$Kaixin Auto Group(KXIN)$faint!!","images":[{"img":"https://static.tigerbbs.com/d76e70d603c29d2b3120ed0659a7cd75","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/367117025","isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":340503453,"gmtCreate":1617425080072,"gmtModify":1704699611593,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340503453","repostId":"2124875875","repostType":4,"repost":{"id":"2124875875","kind":"news","pubTimestamp":1617366960,"share":"https://ttm.financial/m/news/2124875875?lang=&edition=fundamental","pubTime":"2021-04-02 20:36","market":"us","language":"en","title":"Tesla Q1 2021 Vehicle Production & Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=2124875875","media":"StreetInsider","summary":"PALO ALTO, Calif., April 02, 2021  -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin","content":"<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.</p>\n<table>\n <tbody>\n  <tr>\n   <td></td>\n   <td><b>Production</b></td>\n   <td><b>Deliveries</b></td>\n   <td><b>Subject to operating lease accounting</b></td>\n  </tr>\n  <tr>\n   <td>Model S/X</td>\n   <td>-</td>\n   <td>2,020</td>\n   <td>6%</td>\n  </tr>\n  <tr>\n   <td>Model 3/Y</td>\n   <td>180,338</td>\n   <td>182,780</td>\n   <td>7%</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>180,338</b></td>\n   <td><b>184,800</b></td>\n   <td><b>7%</b></td>\n  </tr>\n </tbody>\n</table>\n<p>***************</p>\n<p>Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only <a href=\"https://laohu8.com/S/AONE\">one</a> measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.</p>\n<p><b>Forward-Looking Statements</b>&nbsp;Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.</p>\n<p><img src=\"https://static.tigerbbs.com/db04c7b378cb2db912c3ba8a5a774ee3\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q1 2021 Vehicle Production & Deliveries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Q1 2021 Vehicle Production & Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215929><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215929\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18215929","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124875875","content_text":"PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.\n\n\n\n\nProduction\nDeliveries\nSubject to operating lease accounting\n\n\nModel S/X\n-\n2,020\n6%\n\n\nModel 3/Y\n180,338\n182,780\n7%\n\n\nTotal\n180,338\n184,800\n7%\n\n\n\n***************\nOur net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.\nForward-Looking Statements Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161787191,"gmtCreate":1623940819213,"gmtModify":1703824153767,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161787191","repostId":"2144411077","repostType":4,"repost":{"id":"2144411077","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623939312,"share":"https://ttm.financial/m/news/2144411077?lang=&edition=fundamental","pubTime":"2021-06-17 22:15","market":"us","language":"en","title":"Hong Kong tycoon Richard Li's FWD files for U.S. listing","url":"https://stock-news.laohu8.com/highlight/detail?id=2144411077","media":"Reuters","summary":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an appli","content":"<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong tycoon Richard Li's FWD files for U.S. listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong tycoon Richard Li's FWD files for U.S. listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MET":"大都会人寿"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144411077","content_text":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering $(IPO.UK)$ in the United States.\nThe company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.\nA fundraising of that size would value FWD at $13 billion to $15 billion, they added.\nFWD declined to comment on the potential size of the deal.\nThe number of American Depositary Shares $(ADS)$ and price range have yet to be determined, a statement from the company said.\n\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.\nThe IPO filing comes under FWD holding company PCGI Intermediate.\nRichard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.\nThe company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .\nFWD is the insurance business of Li's investment arm Pacific Century Group.\nFWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.\nThe company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340501032,"gmtCreate":1617425096026,"gmtModify":1704699612726,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/340501032","repostId":"1176602902","repostType":4,"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327535612,"gmtCreate":1616108942036,"gmtModify":1704790992721,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327535612","repostId":"2120163660","repostType":4,"repost":{"id":"2120163660","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1616078340,"share":"https://ttm.financial/m/news/2120163660?lang=&edition=fundamental","pubTime":"2021-03-18 22:39","market":"hk","language":"en","title":"The Fed plans to keep interest rates low -- so why do interest rates keep rising?","url":"https://stock-news.laohu8.com/highlight/detail?id=2120163660","media":"Dow Jones","summary":"Mortgage rates are now at the highest point since June and could go even higher even if the Federal ","content":"<p>Mortgage rates are now at the highest point since June and could go even higher even if the Federal Reserve doesn't change its policy</p><p>The Federal Reserve is planning to stay the course in keeping interest rates low -- but that isn't necessarily music to home buyers' ears.</p><p>On Wednesday, the Federal Reserve signaled that it won't raise interest rates  until 2023 at the earliest, even though some observers have voiced concerns about rising inflation. As of now, seven of the 18 Fed officials expect a rate hike to come in 2023, while four think <a href=\"https://laohu8.com/S/AONE\">one</a> could happen next year.</p><p>Investors happily greeted the news , with the Dow Jones Industrial Average  and the S&amp;P 500   both notching intraday records Wednesday following the Fed's announcement. Whether the Fed's policy is similarly auspicious for home buyers or people looking to refinance their existing mortgages remains to be seen.</p><p>Since the start of the year, the benchmark rate on the 30-year fixed-rate mortgage has risen more than 40 basis points, according to data from Freddie Mac.</p><p>As of Thursday  reported. It's the highest level that the benchmark mortgage rate has hit since June of last year.</p><p>Meanwhile, the average rates on the 15-year fixed-rate mortgage and the 5-year Treasury-indexed adjustable-rate mortgage both increased by two basis points, to 2.4% and 2.79% respectively.</p><p>\"The Fed funds rate itself has no impact on mortgage rates,\" said Tendayi Kapfidze, chief economist at <a href=\"https://laohu8.com/S/TREE\">LendingTree</a> <a href=\"https://laohu8.com/S/TREE.UK\">$(TREE.UK)$</a>, in explaining the Fed's policy decision didn't stem the rise in mortgage rates this week. The Federal Reserve controls short-term interest rates. But mortgage rates are long term rates, and mortgage lenders take their cues from the bond market when setting the rates they charge to borrowers.</p><p>In particular, mortgage rates roughly track the direction of the 10-year Treasury . But even that relationship isn't foolproof. \"This relationship can vary,\" Kapfidze said. \"10-yr Treasury rates were on an upward trend from August 2020, but mortgage rates were still falling until February.\"</p><p>Mortgage rates have risen quickly in recent weeks, reaching the highest level since July, as investors grew increasingly concerned about inflation. With Americans now receiving the stimulus checks approved as part of the $1.9 trillion American Rescue Plan, some analysts expect people to rush out and spend that money, causing prices to go up for consumer goods and services.</p><p>Still, the Fed's stance and policy decisions could have some influence on mortgage rates, even if the central bank doesn't control them directly. Since the start of the pandemic, the Federal Reserve has ramped up its purchases of mortgage-backed securities in an effort to pump much needed liquidity into the market. Those purchases helped to push rates lower.</p><p>\"Reaffirming its commitment to ongoing asset purchases while acknowledging that a tapering is on the horizon at some point -- likely pretty far off -- should help slow the rise of mortgage rates,\" said Danielle Hale, chief economist at Realtor.com. Hale noted that she expects the overall upward trend in mortgage rates to continue.</p><p>But if the Fed reverses its policy regarding mortgage-backed securities, rates could quickly rise as lenders face liquidity constraints. Alternatively, if the Fed were to opt to ramp up its purchases of 10-year Treasury notes to stem long-term rates, then mortgage rates could drop, Kapfidze said.</p><p>Either way, mortgage rates remain very low by historical standards even if they're now above the 3% mark, and industry experts anticipate that demand for mortgages will remain strong.</p><p>The Mortgage Bankers Association \"continues to see a very strong housing market, with mortgage applications to buy a home increasing, even as refinance demand wanes,\" said Mike Fratantoni, the trade organization's chief economist. \"While mortgage rates are likely to move somewhat higher, the purchase market remains on track for a record year.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed plans to keep interest rates low -- so why do interest rates keep rising?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Fed plans to keep interest rates low -- so why do interest rates keep rising?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-03-18 22:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Mortgage rates are now at the highest point since June and could go even higher even if the Federal Reserve doesn't change its policy</p><p>The Federal Reserve is planning to stay the course in keeping interest rates low -- but that isn't necessarily music to home buyers' ears.</p><p>On Wednesday, the Federal Reserve signaled that it won't raise interest rates  until 2023 at the earliest, even though some observers have voiced concerns about rising inflation. As of now, seven of the 18 Fed officials expect a rate hike to come in 2023, while four think <a href=\"https://laohu8.com/S/AONE\">one</a> could happen next year.</p><p>Investors happily greeted the news , with the Dow Jones Industrial Average  and the S&amp;P 500   both notching intraday records Wednesday following the Fed's announcement. Whether the Fed's policy is similarly auspicious for home buyers or people looking to refinance their existing mortgages remains to be seen.</p><p>Since the start of the year, the benchmark rate on the 30-year fixed-rate mortgage has risen more than 40 basis points, according to data from Freddie Mac.</p><p>As of Thursday  reported. It's the highest level that the benchmark mortgage rate has hit since June of last year.</p><p>Meanwhile, the average rates on the 15-year fixed-rate mortgage and the 5-year Treasury-indexed adjustable-rate mortgage both increased by two basis points, to 2.4% and 2.79% respectively.</p><p>\"The Fed funds rate itself has no impact on mortgage rates,\" said Tendayi Kapfidze, chief economist at <a href=\"https://laohu8.com/S/TREE\">LendingTree</a> <a href=\"https://laohu8.com/S/TREE.UK\">$(TREE.UK)$</a>, in explaining the Fed's policy decision didn't stem the rise in mortgage rates this week. The Federal Reserve controls short-term interest rates. But mortgage rates are long term rates, and mortgage lenders take their cues from the bond market when setting the rates they charge to borrowers.</p><p>In particular, mortgage rates roughly track the direction of the 10-year Treasury . But even that relationship isn't foolproof. \"This relationship can vary,\" Kapfidze said. \"10-yr Treasury rates were on an upward trend from August 2020, but mortgage rates were still falling until February.\"</p><p>Mortgage rates have risen quickly in recent weeks, reaching the highest level since July, as investors grew increasingly concerned about inflation. With Americans now receiving the stimulus checks approved as part of the $1.9 trillion American Rescue Plan, some analysts expect people to rush out and spend that money, causing prices to go up for consumer goods and services.</p><p>Still, the Fed's stance and policy decisions could have some influence on mortgage rates, even if the central bank doesn't control them directly. Since the start of the pandemic, the Federal Reserve has ramped up its purchases of mortgage-backed securities in an effort to pump much needed liquidity into the market. Those purchases helped to push rates lower.</p><p>\"Reaffirming its commitment to ongoing asset purchases while acknowledging that a tapering is on the horizon at some point -- likely pretty far off -- should help slow the rise of mortgage rates,\" said Danielle Hale, chief economist at Realtor.com. Hale noted that she expects the overall upward trend in mortgage rates to continue.</p><p>But if the Fed reverses its policy regarding mortgage-backed securities, rates could quickly rise as lenders face liquidity constraints. Alternatively, if the Fed were to opt to ramp up its purchases of 10-year Treasury notes to stem long-term rates, then mortgage rates could drop, Kapfidze said.</p><p>Either way, mortgage rates remain very low by historical standards even if they're now above the 3% mark, and industry experts anticipate that demand for mortgages will remain strong.</p><p>The Mortgage Bankers Association \"continues to see a very strong housing market, with mortgage applications to buy a home increasing, even as refinance demand wanes,\" said Mike Fratantoni, the trade organization's chief economist. \"While mortgage rates are likely to move somewhat higher, the purchase market remains on track for a record year.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120163660","content_text":"Mortgage rates are now at the highest point since June and could go even higher even if the Federal Reserve doesn't change its policyThe Federal Reserve is planning to stay the course in keeping interest rates low -- but that isn't necessarily music to home buyers' ears.On Wednesday, the Federal Reserve signaled that it won't raise interest rates  until 2023 at the earliest, even though some observers have voiced concerns about rising inflation. As of now, seven of the 18 Fed officials expect a rate hike to come in 2023, while four think one could happen next year.Investors happily greeted the news , with the Dow Jones Industrial Average  and the S&P 500   both notching intraday records Wednesday following the Fed's announcement. Whether the Fed's policy is similarly auspicious for home buyers or people looking to refinance their existing mortgages remains to be seen.Since the start of the year, the benchmark rate on the 30-year fixed-rate mortgage has risen more than 40 basis points, according to data from Freddie Mac.As of Thursday  reported. It's the highest level that the benchmark mortgage rate has hit since June of last year.Meanwhile, the average rates on the 15-year fixed-rate mortgage and the 5-year Treasury-indexed adjustable-rate mortgage both increased by two basis points, to 2.4% and 2.79% respectively.\"The Fed funds rate itself has no impact on mortgage rates,\" said Tendayi Kapfidze, chief economist at LendingTree $(TREE.UK)$, in explaining the Fed's policy decision didn't stem the rise in mortgage rates this week. The Federal Reserve controls short-term interest rates. But mortgage rates are long term rates, and mortgage lenders take their cues from the bond market when setting the rates they charge to borrowers.In particular, mortgage rates roughly track the direction of the 10-year Treasury . But even that relationship isn't foolproof. \"This relationship can vary,\" Kapfidze said. \"10-yr Treasury rates were on an upward trend from August 2020, but mortgage rates were still falling until February.\"Mortgage rates have risen quickly in recent weeks, reaching the highest level since July, as investors grew increasingly concerned about inflation. With Americans now receiving the stimulus checks approved as part of the $1.9 trillion American Rescue Plan, some analysts expect people to rush out and spend that money, causing prices to go up for consumer goods and services.Still, the Fed's stance and policy decisions could have some influence on mortgage rates, even if the central bank doesn't control them directly. Since the start of the pandemic, the Federal Reserve has ramped up its purchases of mortgage-backed securities in an effort to pump much needed liquidity into the market. Those purchases helped to push rates lower.\"Reaffirming its commitment to ongoing asset purchases while acknowledging that a tapering is on the horizon at some point -- likely pretty far off -- should help slow the rise of mortgage rates,\" said Danielle Hale, chief economist at Realtor.com. Hale noted that she expects the overall upward trend in mortgage rates to continue.But if the Fed reverses its policy regarding mortgage-backed securities, rates could quickly rise as lenders face liquidity constraints. Alternatively, if the Fed were to opt to ramp up its purchases of 10-year Treasury notes to stem long-term rates, then mortgage rates could drop, Kapfidze said.Either way, mortgage rates remain very low by historical standards even if they're now above the 3% mark, and industry experts anticipate that demand for mortgages will remain strong.The Mortgage Bankers Association \"continues to see a very strong housing market, with mortgage applications to buy a home increasing, even as refinance demand wanes,\" said Mike Fratantoni, the trade organization's chief economist. \"While mortgage rates are likely to move somewhat higher, the purchase market remains on track for a record year.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161782399,"gmtCreate":1623940733711,"gmtModify":1703824149309,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161782399","repostId":"2144411077","repostType":4,"repost":{"id":"2144411077","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623939312,"share":"https://ttm.financial/m/news/2144411077?lang=&edition=fundamental","pubTime":"2021-06-17 22:15","market":"us","language":"en","title":"Hong Kong tycoon Richard Li's FWD files for U.S. listing","url":"https://stock-news.laohu8.com/highlight/detail?id=2144411077","media":"Reuters","summary":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an appli","content":"<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong tycoon Richard Li's FWD files for U.S. listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong tycoon Richard Li's FWD files for U.S. listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MET":"大都会人寿"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144411077","content_text":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering $(IPO.UK)$ in the United States.\nThe company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.\nA fundraising of that size would value FWD at $13 billion to $15 billion, they added.\nFWD declined to comment on the potential size of the deal.\nThe number of American Depositary Shares $(ADS)$ and price range have yet to be determined, a statement from the company said.\n\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.\nThe IPO filing comes under FWD holding company PCGI Intermediate.\nRichard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.\nThe company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .\nFWD is the insurance business of Li's investment arm Pacific Century Group.\nFWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.\nThe company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349083469,"gmtCreate":1617505545151,"gmtModify":1704700070139,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Zzzz","listText":"Zzzz","text":"Zzzz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349083469","repostId":"1159366611","repostType":4,"isVote":1,"tweetType":1,"viewCount":528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312762078,"gmtCreate":1612183968994,"gmtModify":1704867884459,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Price sure going down","listText":"Price sure going down","text":"Price sure going down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/312762078","repostId":"1168853013","repostType":4,"repost":{"id":"1168853013","kind":"news","pubTimestamp":1612173617,"share":"https://ttm.financial/m/news/1168853013?lang=&edition=fundamental","pubTime":"2021-02-01 18:00","market":"us","language":"en","title":"Ryanair expects a loss of over $1 billion this year as travel restrictions bite","url":"https://stock-news.laohu8.com/highlight/detail?id=1168853013","media":"cnbc","summary":"KEY POINTS\n\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billio","content":"<div>\n<p>KEY POINTS\n\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billion) and 950 million euros for its 2021 fiscal year, ending in March.\nThe carrier “expects the latest ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/01/ryanair-earnings-q3-2021-1-billion-loss-expected-on-travel-disruption.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>Ryanair expects a loss of over $1 billion this year as travel restrictions bite</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\">\nRyanair expects a loss of over $1 billion this year as travel restrictions bite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/01/ryanair-earnings-q3-2021-1-billion-loss-expected-on-travel-disruption.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billion) and 950 million euros for its 2021 fiscal year, ending in March.\nThe carrier “expects the latest ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/01/ryanair-earnings-q3-2021-1-billion-loss-expected-on-travel-disruption.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/411c6ea7e969aee81c7c240d3341abef","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/02/01/ryanair-earnings-q3-2021-1-billion-loss-expected-on-travel-disruption.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1168853013","content_text":"KEY POINTS\n\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billion) and 950 million euros for its 2021 fiscal year, ending in March.\nThe carrier “expects the latest lockdowns and pre-arrival Covid test requirement to materially reduce flight schedules and traffic through to Easter.”\nRyanair shares are down about 12% since the start of the year.\n\nLONDON —Ryanairexpects this fiscal year to be “the most challenging” in its 35 year-history, the company said on Monday, as governments step up travel restrictions in an effort to containnew variants of Covid-19.\nThe budget airline is on track for a net loss of between 850 million euros ($1.03 billion) and 950 million euros for its 2021 fiscal year, ending in March. It reported a net loss of 306 million euros for the three months ending in December.\n“Covid-19 continues to wreak havoc across the industry,” Ryanair said in a statement. It added that Christmas and New Year traffic “was severely impacted” by travel bans imposed on U.K. travelers in late December.\nA number of European governments decided to impose restrictions on flights leaving the U.K. before Christmas after news that a new variant of Covid-19 identified in the county was spreading quickly. This contributed to a 83% drop in traffic in the month of December for Ryanair.\nThe carrier “expects the latest lockdowns and pre-arrival Covid test requirement to materially reduce flight schedules and traffic through to Easter.”\nThe new year saw European governments extending or introducing lockdowns as they faced a steep surge in new infections. More recently,countries in the region have discouraged non-essential travelas they look to bring down their number of daily cases. It is currently unclear when countries will start reopening their economies and go as far as encouraging travel abroad.\nHowever, European governments are in the process of vaccinating their populations in the hope that this will allow them to return to the normal day-to-day more quickly. However, thevaccine roll-out in Europe is facing production, supply and red tape issues.\n“We take some comfort from the success of the U.K. vaccine programme, which is on target to vaccinate almost 50% of the U.K. population (30 million) by the end of March. The EU now needs to step up the slow pace of its rollout programme to match the U.K.’s performance,” Ryanair said on Monday.\nRyanair shares are down about 12% since the start of the year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388119465,"gmtCreate":1613035797857,"gmtModify":1704877589535,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KXIN\">$Kaixin Auto Group(KXIN)$</a>$9... waiting for you..","listText":"<a href=\"https://laohu8.com/S/KXIN\">$Kaixin Auto Group(KXIN)$</a>$9... waiting for you..","text":"$Kaixin Auto Group(KXIN)$$9... waiting for you..","images":[{"img":"https://static.tigerbbs.com/bc47f7ca0473aad23a37ccb31f89ffbf","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388119465","isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":352470232,"gmtCreate":1616998963926,"gmtModify":1704800619888,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"Dying stock.. ??","listText":"Dying stock.. ??","text":"Dying stock.. ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352470232","isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356074915,"gmtCreate":1616746749837,"gmtModify":1704798224772,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/356074915","repostId":"1114892411","repostType":4,"repost":{"id":"1114892411","kind":"news","pubTimestamp":1616746246,"share":"https://ttm.financial/m/news/1114892411?lang=&edition=fundamental","pubTime":"2021-03-26 16:10","market":"us","language":"en","title":"Sell Alert: 10 Insanely Overvalued Dividend Aristocrats","url":"https://stock-news.laohu8.com/highlight/detail?id=1114892411","media":"seekingalpha","summary":"Summary\n\nIn a world full of uncertainty, dividend aristocrats feel safe and trustworthy.\nBut even th","content":"<p><b>Summary</b></p>\n<ul>\n <li>In a world full of uncertainty, dividend aristocrats feel safe and trustworthy.</li>\n <li>But even they are subject to wild variations in price.</li>\n <li>These have resulted in gains for investors, but now, these 10 stocks are extremely overvalued.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b87148fa1b7ab2566781e5b23d6958f\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Paul Morigi/Getty Images Entertainment via Getty Images</span></p>\n<p><i>Written by Sam Kovacs</i></p>\n<p><b>Introduction: Does Warren Buffett Ever Sell?</b></p>\n<blockquote>\n <i>The stock market is not there to instruct me, it's there to serve me</i>- Warren Buffett\n</blockquote>\n<p>Most investors believe that Warren Buffett is a buy and hold investor who doesn't ever sell his shares.</p>\n<p>This image has been cultivated thanks to one of his famous quotes when he replied to a question at the 1998 Berkshire Hathaway (BRK.B) annual meeting of shareholders when&nbsp;he said:</p>\n<blockquote>\n <i>Well, the best thing to do is buy a stock that you don't ever want to sell.</i>\n</blockquote>\n<p>However, a closer look reveals that this doesn't mean that he doesn't ever sell.</p>\n<p>If we refer to GuruFocus to look at Berkshire's transactions in the 4th quarter of 2020, one would notice that Berkshire actually sold more than they bought.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e2fcd57329fd4fce04f4f2b167002a8b\" tg-width=\"640\" tg-height=\"242\"><span>Source: GuruFocus</span></p>\n<p>He did add to his Verizon (VZ), Merck (MRK), AbbVie (ABBV), T-Mobile (TMUS), Chevron (CVX), Kroger (KR), Bristol-Myers (BMY), Marsh &amp; McLennan (MMC) and RH (RH) positions.</p>\n<p>But then he reduced or flat outsold his Apple (AAPL), Wells Fargo (WFC), Barrick Gold (GOLD), M&amp;T Bank (MTB), General Motors (GM), PNC Financial (PNC), Pfizer (PFE), JPMorgan (JPM), Suncor (SU), US Bancorp (USB), and Liberty Latin America (LILAK) positions.</p>\n<p>Just counting on my fingers, I can tell that he has sold more than he has bought in that last quarter.</p>\n<p>The idea that he never reduces or sells his positions is just flat out wrong.</p>\n<p><b>When it's a good idea to sell</b></p>\n<p>Do you think that Warren Buffett believes that AAPL has become a bad company? No, of course not. However, it is possible that he believes it has become overvalued.</p>\n<p>It should be noted that we disagree with a few of his buys, as well as a few of a couple of his sells.</p>\n<p>That being said, the idea is simple:<i>If you buy when stocks are low, you might also want to sell when they're high.</i></p>\n<p>If you don't, you're not only having half the fun, you're leaving a lot of money on the table. (Yes even after taxes are taken into account).</p>\n<p>For a more detailed look into the mechanics of how this pertains to dividend investors, I would like to point you&nbsp;to our recent article&nbsp;in which I pointed out 5 overvalued dividend blue chips which were now deep in sell territory.</p>\n<p>The 5 companies were Target (TGT), Caterpillar (CAT), Procter &amp; Gamble (PG), McDonald's (MCD), and Automatic Data Processing (ADP).</p>\n<p>All 5 are Dividend Aristocrats, a rare breed of stocks which are 1. part of the S&amp;P 500 (SPY) and 2. have increased their dividends consecutively for the past 25 years.</p>\n<p>In so far as \"All Weather\" dividend streams go, Dividend Aristocrats are the cream of the crop.</p>\n<p>They provide comfort, after all, you own a piece of American greatness. Yet sometimes even these stocks can become extremely overvalued.</p>\n<p>When this happens, reducing your position makes sense. If the conditions persist, scaling out entirely of the position can also be a good idea.</p>\n<p><b>A note on valuation</b></p>\n<p>As a quick reminder, we are dividend investors and use an approach to valuation which is unique to&nbsp;The Dividend Freedom Tribe.</p>\n<p>In a nutshell:</p>\n<blockquote>\n To determine whether a stock is overvalued, we use our MAD Charts, which look at historical ranges of dividend yields for a given stock, and we tie it in to future growth expectations. The idea being that a low yield is fine if it is linked to very high dividend growth expectations. We project income into the future to quantify this.\n</blockquote>\n<p>This means that we will look at whether a stock is expensive relative to what investors have historically valued the stock at.</p>\n<p>We will then look at prospective growth rates and determine if the potential stream of income is attractive to a dividend investor.</p>\n<p>It is sometimes the case that a company could be a fantastic dividend stock, but because its price outpaces its dividend growth by such a huge margin, it can no longer be construed as an attractive dividend stock and is best replaced by a more attractive one.</p>\n<p>An investor following a different strategy might come to a totally different conclusion. Isn't that the beauty of it? A recent article titled \"<i>Value Vs. Growth: A Trip Down Memory Lane (And 3 Value Stocks You Need To Buy Now)</i>\" explores this idea.</p>\n<p>The current market is broadly expensive, but remember there is always something cheap. Even among high quality dividend stocks. Our \"Buy List\" currently counts 36 high quality names.</p>\n<p>You want to buy the high quality dividend names when they're cheap, and sell them when they're high.</p>\n<p>Rinse and repeat.</p>\n<p>And right now there are a lot of stocks, even high quality ones, that are worth selling.</p>\n<p>Here are 10 more dividend aristocrats which are insanely expensive from a dividend investor's point of view.</p>\n<p><b>10 Overvalued Dividend Aristocrats</b></p>\n<p><b>Walmart (WMT)</b></p>\n<p>Let's start this one off with one of America's widows and orphans favorites: Walmart.</p>\n<p>The company needs no introduction. It operates a very tight ship, paying out only 22% of free cash flow despite having increased the dividend for multiple decades.</p>\n<p>Despite being as mature as they get, the company has continued to increase its revenues throughout the past few years.</p>\n<p>It's as \"All Weather\" as it gets. Don't count on WMT cutting its dividend in the next 20 years. It's not going to happen.</p>\n<p>So what's the catch?</p>\n<p>The catch is the menial growth rate, which is beyond comprehension, tied to an extremely low yield.</p>\n<p>While free cash flow per share grew a total 32% in the past 5 years, the dividend is up only about 8%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d123739bb260b126017b11f75cb55fbb\" tg-width=\"640\" tg-height=\"276\"><span>Source: Dividend Freedom Tribe (Click here to learn more about MAD Charts)</span></p>\n<p>This equates to a 1.9% dividend CAGR during the past 5 years. Dividends could have increased a lot more given the low payout ratios, but management has chosen not to do so.</p>\n<p>This was not the case 10 years ago, as you can see, the dividend increased rapidly between 2011 and 2013, but since then management has taken a significantly different approach.</p>\n<p>Over 10 years, the dividend CAGR has been 4%.</p>\n<p>As a consequence, following the run up in price in the past few years, WMT has become overvalued.</p>\n<p>Its 1.64% yield is below the 10-year median yield of 2.44% and way out of the historically \"fair range\" of 2.14% to 2.69%. I call it the historically fair range because even if Walmart were to prop its dividend growth back up to 4% per annum (which would be double what it did in the past 7 years) income would not be satisfactory.</p>\n<p>Our common quick test is referred to as the \"10% in 10 years\" test. In a nutshell, an income stream can be viewed as very attractive if in 10 years, you can get 10% on your initial investment including the reinvestment of dividends.</p>\n<p>So if you invest $10,000 and you can expect to get $1,000 in 10 years, then it is a great income opportunity. At 8% it would be a good opportunity.</p>\n<p>Below, it's not a bad income opportunity, and you shouldn't consider the stock as paying an attractive dividend stream.</p>\n<p>Of course, this is sensitive to our estimate of dividend growth over the next 10 years, which is why to drive our point home, we will always overestimate dividend growth in this article.</p>\n<p><b>If a stock's income stream is unattractive in a best-case scenario, what does it say of it?</b>I'll let you answer that one.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a941da584a7d35c173dab778d3859f85\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>If you invest $10,000 in WMT today, and that you reinvest the dividends once per year at the current yield, and the dividend grows 4% per annum, then in 10 years you'd expect... a menial $277 per year of which $37 (the blue bar in the chart above) would come from having reinvested dividends.</p>\n<p>That's only 2.77% of your original investment. Let me say this: this is very, very, unattractive.</p>\n<p>Here, we have an example of where both management and the stock market are culprits: management has not committed to significantly increase the dividend, and the stock market has pushed the price up way too high. Sell.</p>\n<p><b>Lowe's (LOW)</b></p>\n<p>Next is another dividend investor favorite.</p>\n<p>LOW currently yields 1.33%, which is below its 10-year median 1.73% yield, out of its historical 'fair range\" of 1.53% to 1.96%.</p>\n<p>During the past 10 years, its dividend yield has never been less than 1.22% and never more than 3.38%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f19489a00e955e23abb6ddac042168b5\" tg-width=\"640\" tg-height=\"263\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>While LOW only increased its dividend by 9% this year, it has averaged 16.5% per year in the past 5 years, while maintaining a free cash flow payout ratio of just 20%.</p>\n<p>LOW is a phenomenally managed company, with a great business model. The price has just gone way too crazy.</p>\n<p>If you invested $10,000 in LOW at current prices, reinvested dividends at the current yield and saw the dividend grow at 16% per annum for the next 10 years, then you'd be looking at $652 in income 10 years from now, of which $70 would come from dividend reinvestments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2784d92d8bc192d6f2acdfb0c61b18f9\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Note that this is a lot more than Walmart, but it still doesn't pass our test as a \"good\" income stream.</p>\n<p>LOW yields less than WMT, but just observe how the difference in expected growth rates changes the course of income over 10 years!</p>\n<p>However, growth can't always make up for low yields. Case in point here, even 16% dividend growth (a 340% increase in 10 years) still wouldn't pass our test.</p>\n<p>Compare this to Home Depot (HD). We can't discuss LOW without HD. HD's yield is 2.3%, a whole extra point. It also pays out twice as much, although still a healthy 44% free cash flow payout ratio.</p>\n<p>However, if HD increases its dividend by 10% per annum (a 159% increase over 10 years), an investment in HD would return more dividends despite having to increase its dividend by only half.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0323235349011a2555910e028da9e053\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Note that HD would only provide 7.12% in 10 years under such a scenario.</p>\n<p>When the price was at $255, the simulation passed the 8% mark, and triggered us to get&nbsp;back in the stock. That was within 2% of the low, which is not too bad.</p>\n<p><b>Clorox (CLX)</b></p>\n<p>Clorox is a stock, which I exited although my timing wasn't great as I missed the peak.</p>\n<p>It has come back down though and is only 2% above the price when I last published an article on CLX, back in April 2020.</p>\n<p>At that point, I suggested&nbsp;it wasn't the time to sell,but that \"I<i>f you're not invested in CLX, you're late to the game, and would be better served investing elsewhere.</i>\"</p>\n<p>The reasons which warranted holding CLX in April 2020 are no longer present (defensive, trending momentum, more gains to squeeze out).</p>\n<p>Clorox is coming down and has further to drop.</p>\n<p>It currently yields 2.3%, below its 10-year median of 2.77%, and out of its historically fair range of 2.45% to 3.2%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20071200f2f3999c86269d6f149e4b9f\" tg-width=\"640\" tg-height=\"278\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Last year the company increased its dividend by 4.7%, but it has averaged 7.5% over the past 5 years.</p>\n<p>Given the very reasonable payout ratios of 44%, I believe long term dividend growth of 7% is attainable for Clorox.</p>\n<p>However, this won't quite cut it from an income perspective. A $10,000 investment with 7% growth, and reinvestments at the current yield, would generate $546 in income in 10 years, of which $101 would come from dividend reinvestments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/23da26e432e2b7e8b6bdb13f5e29a69e\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>This is not quite satisfactory, and given that Clorox's momentum is among the worst 6% of stocks in the market according to our&nbsp;Momentum Score., then I'd strongly suggesting avoiding CLX, and moving out of the position if not yet done.</p>\n<p><b>S&amp;P Global (SPGI)</b></p>\n<p>S&amp;P Global is a great company. It is beautifully managed, it has a long history of growth, and a lot of track ahead of it to continue increasing its dividend aggressively.</p>\n<p>You can't really fault management, the dividend has been growing at 16% per annum for the past 5 years, while maintaining the free cash flow payout ratio below 20%.</p>\n<p>It is once again a case of the market collectively getting too high<i>(pun intended)</i>on how good a company it is.</p>\n<p>The current yield of 0.89% is extremely low.</p>\n<p>This wasn't always the case. Back in 2011, and in early 2013, one could buy SPGI with a 2.8% yield, which would have been a great investment.</p>\n<p>It is only fair to point out that had we done so, we would have also exited early, likely sometime in late 2017 or 2018, and would have been very comfortable foregoing future returns to shift to value, increase our income stream, and sleep well at night.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d8c3911a974e2dd7a84bc20a48fb1bd\" tg-width=\"640\" tg-height=\"258\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>The relationship between yield and growth rates gets extreme as yields get very low.</p>\n<p>With the same $10,000 simulation, assuming 16% dividend growth with reinvestments of dividends, in 10 years you could only expect $408 in dividends, half the amount to be considered a good income opportunity.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7064780cec867a4538c3d054855e9833\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>For SPGI to be considered a good income opportunity at the current valuation, one would have to believe that they would be able to increase the dividend by 25% per annum. Over 10 years that equates to an 831% increase, which somehow seems like a pipe dream.</p>\n<p>Sell.</p>\n<p><b>Emerson Electric (EMR)</b></p>\n<p>Industrials have been having one hell of a run. We've enjoyed this in our own industrial picks. One of our favorite is Snap-on (SNA) which we've been quite vocal about in the past year.</p>\n<p>Emerson Electric has also had one hell of a run but now trades at a valuation that is unheard of in the past decade.</p>\n<p>The stock yields 2.3%, below its 10-year median yield of 3%, outside of its historically fair range of 2.7% to 3.3%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d944b59394a16ed80fc94a589fa7324c\" tg-width=\"640\" tg-height=\"267\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>But this is combined to the fact that since 2014, dividend growth hasn't even kept up with inflation. If you've been checking inflation numbers in the past 7 years, you know that that is not a lot.</p>\n<p>In the past 5 years, the dividend has grown at a 1% CAGR, while management could have easily achieved more. The free cash flow payout ratio was 52% 5 years ago. Today it's 40%.</p>\n<p>Only one way to read into this, management is choosing to not increase the dividend in line with the growth in the business.</p>\n<p>This is a negative signal for us, as it signals that management is viewing the dividend policy as a chore, and not as a way to actively reward shareholders for bearing the risk of the business they run.</p>\n<p>For this one, let's run the simulation assuming management continue down this road, increasing the dividend by 1% per year.</p>\n<p>If you invest $10,000, reinvest the dividends at the current yield, then in 10 years, you can expect a crazy $311 in dividends.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c89954861e46ae1c097a0d470bd33262\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Alternatively you could buy Broadcom (AVGO) and get that amount today, or if you want to stay in Industrials, SNA, and get that amount in a year or two.</p>\n<p>The valuation doesn't meet management's commitment to shareholders. Sell.</p>\n<p><b>Stanley Black &amp; Decker (SWK)</b></p>\n<p>The party in industrials has gotten out of hand in many places. Stanley Black &amp; Decker is another example of this in action. The power and hand tools company now once again trades at a valuation which it last traded at in January 2018.</p>\n<p>If you want to see how that played out. Just look at how much pain buying the stock then, or choosing to hold on to it would have been.</p>\n<p>Alternatively you could buy Broadcom (AVGO) and get that amount today, or if you want to stay in Industrials, SNA, and get that amount in a year or two.</p>\n<p>The valuation doesn't meet management's commitment to shareholders. Sell.</p>\n<p><b>Stanley Black &amp; Decker (SWK)</b></p>\n<p>The party in industrials has gotten out of hand in many places. Stanley Black &amp; Decker is another example of this in action. The power and hand tools company now once again trades at a valuation which it last traded at in January 2018.</p>\n<p>If you want to see how that played out. Just look at how much pain buying the stock then, or choosing to hold on to it would have been.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74820b5e557fed125ab45b00abf68a9a\" tg-width=\"640\" tg-height=\"284\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>It would have taken you nearly 3 years for your position to be worth what it was then, and in exchange for your loyalty, you would have been compensated with dividend increases which have averaged about 3.5%.</p>\n<p>Not great.</p>\n<p>The current yield of 1.45% is dangerously close to the 10-year minimum yield of 1.42%. It is way below the median yield of 2.08%, and out of the historically \"fair range\" of 1.8% to 2.36%.</p>\n<p>Even if the dividend were to grow in the next 10 years at 7.5% per annum (the rate which it has in the past 10 years) then it would still be a very lackluster investment from an income perspective.</p>\n<p>Investing $10,000 at the current valuation, and reinvesting dividends in such a scenario would yield $333 in 10 years. Only 3.33% of your original investment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7c5ca2d0da16c57859ab6625dcb53d3\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Save yourself the hardship, and start moving out of your SWK position.</p>\n<p><b>Cintas (CTAS)</b></p>\n<p>This trend exists in many Industrial stocks. Cintas is yet another example in the Dividend Aristocrat space.</p>\n<p>It has been increasing at an incredible rate during the past decade, a period during which the dividend has grown at 20% per year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47ba13e219490befa43575545dfa7f3a\" tg-width=\"640\" tg-height=\"261\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>But as you can see with the price moving from the blue band to the red band over the years, the market has continually reviewed its valuation of Cintas upwards.</p>\n<p>For that reason it might not be worth looking towards historical ranges to derive value. Every year you would have said \"boy that looks expensive\".</p>\n<p>Here a better alternative is to look purely towards the future.</p>\n<p>Even if Cintas can keep up its historical growth rate of 20% per annum over the next ten years (<i>it only managed 10% this past year)</i>Cintas wouldn't quite reach our threshold of 8% on the initial investment, as the chart below shows.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a94c7d8d6e6f5a5f6d8c29c9853e0e30\" tg-width=\"623\" tg-height=\"200\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Note that a 20% dividend growth rate is extremely powerful. It can increase income 6x on an extremely low yielding security. However, it is a momentous challenge as it implies multiplying the dividend by nearly 6x.</p>\n<p>If they did somehow pull it off, while growing free cash flow at 8% per annum (the rate of revenue growth in the past 10 years) then the dividend would move from 30% of free cash flow to 85% of free cash flow.</p>\n<p>And yet from our income stream analysis, it would still come up short.</p>\n<p>Sometimes things are just too much of a stretch.</p>\n<p><b>Nucor (NUE)</b></p>\n<p>Overvalued names seem to pop up in nearly every sector this year.</p>\n<p>If we move to Materials, we find Nucor which is yet again an example of a dividend aristocrat which has been increasing its dividend at such a low rate for so long. Its 2.4% yield cannot be counted on to give any significant boost to your income.</p>\n<p>During the past 10 years, the dividend has grown at a 1.3% CAGR. Over the past 5 years, this has gone down to 1.2%, with last year's increase an anemic 0.6% increase.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98a2ba9f8009f8ac4d1c083392399479\" tg-width=\"640\" tg-height=\"264\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Management could probably have squeezed out more as free cash flow payout ratios have mostly been stable at around 50% for the past 5 years</p>\n<p>But that highlights a problem. FCF per share has grown at the same rate as the dividend, this means about 1%.</p>\n<p>Now I have no problem with low growth businesses if they provide a safe high yield. But Nucor offers none of that. In fact, if we continue to project into the future at a growth rate of 1.3%, one could expect 3.34% on his original investment in 10 years, assuming reinvestments at the current yield.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/184b904b8ce9a90a60e78e0ed80a77c7\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>It's been a good run, but it is time to sell.</p>\n<p><b>Cincinnati Financial (CINF)</b></p>\n<p>Insurance companies were hit bad in 2020. It is a whole theme we have with our Dividend Freedom Tribe members, where we encourage them to buy undervalued insurance companies for a recovery scenario. One such stock is Prudential (PRU). Another is Aflac (AFL) which is also a Dividend Aristocrat.</p>\n<p>But CINF, while being a very safe and stable Aristocrat, is also overvalued.</p>\n<p>It yields 2.4%, well below its 10-year median of 3.2% and out of its historical fair range of 2.7% to 3.6%.</p>\n<p>Note that when it yields 3.5% or more, we think it is a great opportunity, but that has only happened during 3 periods in the past 10 years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae7700b28d1b3e32bff9fca0adb8b7b6\" tg-width=\"640\" tg-height=\"263\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>At the current rate it looks like a stretch, as if management is to continue with their course of increasing the dividend at a long term rate of 5% per annum, then CINF will fail to impress from an income perspective.</p>\n<p>In 10 years, a $10,000 investment would produce $527 in income, assuming dividend reinvestments at the current yield.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c4188ccc62a81236867ba02c480e8c1\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Once again, a fantastic blue chip. Well run. Shareholder-friendly management. Sleep well at night stuff. But better opportunities out there.</p>\n<p><b>Becton, Dickinson and Company (BDX)</b></p>\n<p>The final stock on the list is a healthcare stock. While BDX is off 10% from its highs, it still remains expensive in light of future potential.</p>\n<p>BDX yields below 1.38%, below its median yield of 1.68%, and only just within the historically fair range of 1.33% to 1.95%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74888ad3edad406710e092b6a4f342fa\" tg-width=\"640\" tg-height=\"260\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>It's the only stock on the list which yields more than its 25th percentile yield, however, not enough to convince. Between 2011 and 2015, BDX yielded between 1.9% and 2.6% while its dividend was growing at a 10% CAGR. Then between 2017 and now, it has yielded between 1.3% and 1.6%, despite the dividend growth rate falling to 4% per annum.</p>\n<p>If this feels like the world upside down to you, it feels that way to me too.</p>\n<p>The trend is going towards lower 4-5% dividend growth per annum. Yet at a 32% free cash flow payout ratio, and a solid business, we can argue that maybe management could squeeze out its 10-year CAGR of 7% again in the upcoming decade.</p>\n<p>But the yield is just too low to contribute significantly.</p>\n<p>If the dividend were to grow at 7% and you were to invest $10,000 today and reinvest dividends at the current yield for the next 10 years, then you could expect $299 per year in dividends a decade from now.</p>\n<p>A menial amount, as you probably agree if you got this far in the article.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e6ea44e2052ac592627b3a3abdb58fa\" tg-width=\"618\" tg-height=\"225\"><span>Source: Dividend Freedom Tribe</span></p>\n<p>Scaling out of the position makes sense.</p>\n<p><b>Conclusion</b></p>\n<p>It's an interesting market, where we have a mixed bag of expensive stocks and cheap stocks. More and more are joining the ranks of the first category, making it a good time to trim positions.</p>\n<p>There are a few corner cases where very large taxable gains might make selling not ideal. In this list, I can only see this maybe happening with LOW, if you have a very, very large gain.</p>\n<p>Otherwise moving out might be the best decision.</p>\n<p>Just think about it, you can own stocks that are historically overvalued, have poor dividend potential, and are at risk of capital loss or stagnation from here on.</p>\n<p>Or you can maintain (<i>or even increase)</i>your income today, improve your dividend potential in the next few years, while exposing yourself to value and buying stocks that will have their turn of outsized capital gains in the next few years.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Alert: 10 Insanely Overvalued Dividend Aristocrats</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Alert: 10 Insanely Overvalued Dividend Aristocrats\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4416063-10-insanely-overvalued-dividend-aristocrats><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn a world full of uncertainty, dividend aristocrats feel safe and trustworthy.\nBut even they are subject to wild variations in price.\nThese have resulted in gains for investors, but now, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416063-10-insanely-overvalued-dividend-aristocrats\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EMR":"艾默生电气","LOW":"劳氏","NUE":"纽柯钢铁","WMT":"沃尔玛","CLX":"高乐氏","BDX":"碧迪医疗","SWK":"美国史丹利公司","CINF":"辛辛那提金融","CTAS":"信达思","SPGI":"标普全球"},"source_url":"https://seekingalpha.com/article/4416063-10-insanely-overvalued-dividend-aristocrats","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1114892411","content_text":"Summary\n\nIn a world full of uncertainty, dividend aristocrats feel safe and trustworthy.\nBut even they are subject to wild variations in price.\nThese have resulted in gains for investors, but now, these 10 stocks are extremely overvalued.\n\nPhoto by Paul Morigi/Getty Images Entertainment via Getty Images\nWritten by Sam Kovacs\nIntroduction: Does Warren Buffett Ever Sell?\n\nThe stock market is not there to instruct me, it's there to serve me- Warren Buffett\n\nMost investors believe that Warren Buffett is a buy and hold investor who doesn't ever sell his shares.\nThis image has been cultivated thanks to one of his famous quotes when he replied to a question at the 1998 Berkshire Hathaway (BRK.B) annual meeting of shareholders when he said:\n\nWell, the best thing to do is buy a stock that you don't ever want to sell.\n\nHowever, a closer look reveals that this doesn't mean that he doesn't ever sell.\nIf we refer to GuruFocus to look at Berkshire's transactions in the 4th quarter of 2020, one would notice that Berkshire actually sold more than they bought.\nSource: GuruFocus\nHe did add to his Verizon (VZ), Merck (MRK), AbbVie (ABBV), T-Mobile (TMUS), Chevron (CVX), Kroger (KR), Bristol-Myers (BMY), Marsh & McLennan (MMC) and RH (RH) positions.\nBut then he reduced or flat outsold his Apple (AAPL), Wells Fargo (WFC), Barrick Gold (GOLD), M&T Bank (MTB), General Motors (GM), PNC Financial (PNC), Pfizer (PFE), JPMorgan (JPM), Suncor (SU), US Bancorp (USB), and Liberty Latin America (LILAK) positions.\nJust counting on my fingers, I can tell that he has sold more than he has bought in that last quarter.\nThe idea that he never reduces or sells his positions is just flat out wrong.\nWhen it's a good idea to sell\nDo you think that Warren Buffett believes that AAPL has become a bad company? No, of course not. However, it is possible that he believes it has become overvalued.\nIt should be noted that we disagree with a few of his buys, as well as a few of a couple of his sells.\nThat being said, the idea is simple:If you buy when stocks are low, you might also want to sell when they're high.\nIf you don't, you're not only having half the fun, you're leaving a lot of money on the table. (Yes even after taxes are taken into account).\nFor a more detailed look into the mechanics of how this pertains to dividend investors, I would like to point you to our recent article in which I pointed out 5 overvalued dividend blue chips which were now deep in sell territory.\nThe 5 companies were Target (TGT), Caterpillar (CAT), Procter & Gamble (PG), McDonald's (MCD), and Automatic Data Processing (ADP).\nAll 5 are Dividend Aristocrats, a rare breed of stocks which are 1. part of the S&P 500 (SPY) and 2. have increased their dividends consecutively for the past 25 years.\nIn so far as \"All Weather\" dividend streams go, Dividend Aristocrats are the cream of the crop.\nThey provide comfort, after all, you own a piece of American greatness. Yet sometimes even these stocks can become extremely overvalued.\nWhen this happens, reducing your position makes sense. If the conditions persist, scaling out entirely of the position can also be a good idea.\nA note on valuation\nAs a quick reminder, we are dividend investors and use an approach to valuation which is unique to The Dividend Freedom Tribe.\nIn a nutshell:\n\n To determine whether a stock is overvalued, we use our MAD Charts, which look at historical ranges of dividend yields for a given stock, and we tie it in to future growth expectations. The idea being that a low yield is fine if it is linked to very high dividend growth expectations. We project income into the future to quantify this.\n\nThis means that we will look at whether a stock is expensive relative to what investors have historically valued the stock at.\nWe will then look at prospective growth rates and determine if the potential stream of income is attractive to a dividend investor.\nIt is sometimes the case that a company could be a fantastic dividend stock, but because its price outpaces its dividend growth by such a huge margin, it can no longer be construed as an attractive dividend stock and is best replaced by a more attractive one.\nAn investor following a different strategy might come to a totally different conclusion. Isn't that the beauty of it? A recent article titled \"Value Vs. Growth: A Trip Down Memory Lane (And 3 Value Stocks You Need To Buy Now)\" explores this idea.\nThe current market is broadly expensive, but remember there is always something cheap. Even among high quality dividend stocks. Our \"Buy List\" currently counts 36 high quality names.\nYou want to buy the high quality dividend names when they're cheap, and sell them when they're high.\nRinse and repeat.\nAnd right now there are a lot of stocks, even high quality ones, that are worth selling.\nHere are 10 more dividend aristocrats which are insanely expensive from a dividend investor's point of view.\n10 Overvalued Dividend Aristocrats\nWalmart (WMT)\nLet's start this one off with one of America's widows and orphans favorites: Walmart.\nThe company needs no introduction. It operates a very tight ship, paying out only 22% of free cash flow despite having increased the dividend for multiple decades.\nDespite being as mature as they get, the company has continued to increase its revenues throughout the past few years.\nIt's as \"All Weather\" as it gets. Don't count on WMT cutting its dividend in the next 20 years. It's not going to happen.\nSo what's the catch?\nThe catch is the menial growth rate, which is beyond comprehension, tied to an extremely low yield.\nWhile free cash flow per share grew a total 32% in the past 5 years, the dividend is up only about 8%.\nSource: Dividend Freedom Tribe (Click here to learn more about MAD Charts)\nThis equates to a 1.9% dividend CAGR during the past 5 years. Dividends could have increased a lot more given the low payout ratios, but management has chosen not to do so.\nThis was not the case 10 years ago, as you can see, the dividend increased rapidly between 2011 and 2013, but since then management has taken a significantly different approach.\nOver 10 years, the dividend CAGR has been 4%.\nAs a consequence, following the run up in price in the past few years, WMT has become overvalued.\nIts 1.64% yield is below the 10-year median yield of 2.44% and way out of the historically \"fair range\" of 2.14% to 2.69%. I call it the historically fair range because even if Walmart were to prop its dividend growth back up to 4% per annum (which would be double what it did in the past 7 years) income would not be satisfactory.\nOur common quick test is referred to as the \"10% in 10 years\" test. In a nutshell, an income stream can be viewed as very attractive if in 10 years, you can get 10% on your initial investment including the reinvestment of dividends.\nSo if you invest $10,000 and you can expect to get $1,000 in 10 years, then it is a great income opportunity. At 8% it would be a good opportunity.\nBelow, it's not a bad income opportunity, and you shouldn't consider the stock as paying an attractive dividend stream.\nOf course, this is sensitive to our estimate of dividend growth over the next 10 years, which is why to drive our point home, we will always overestimate dividend growth in this article.\nIf a stock's income stream is unattractive in a best-case scenario, what does it say of it?I'll let you answer that one.\nSource: Dividend Freedom Tribe\nIf you invest $10,000 in WMT today, and that you reinvest the dividends once per year at the current yield, and the dividend grows 4% per annum, then in 10 years you'd expect... a menial $277 per year of which $37 (the blue bar in the chart above) would come from having reinvested dividends.\nThat's only 2.77% of your original investment. Let me say this: this is very, very, unattractive.\nHere, we have an example of where both management and the stock market are culprits: management has not committed to significantly increase the dividend, and the stock market has pushed the price up way too high. Sell.\nLowe's (LOW)\nNext is another dividend investor favorite.\nLOW currently yields 1.33%, which is below its 10-year median 1.73% yield, out of its historical 'fair range\" of 1.53% to 1.96%.\nDuring the past 10 years, its dividend yield has never been less than 1.22% and never more than 3.38%.\nSource: Dividend Freedom Tribe\nWhile LOW only increased its dividend by 9% this year, it has averaged 16.5% per year in the past 5 years, while maintaining a free cash flow payout ratio of just 20%.\nLOW is a phenomenally managed company, with a great business model. The price has just gone way too crazy.\nIf you invested $10,000 in LOW at current prices, reinvested dividends at the current yield and saw the dividend grow at 16% per annum for the next 10 years, then you'd be looking at $652 in income 10 years from now, of which $70 would come from dividend reinvestments.\nSource: Dividend Freedom Tribe\nNote that this is a lot more than Walmart, but it still doesn't pass our test as a \"good\" income stream.\nLOW yields less than WMT, but just observe how the difference in expected growth rates changes the course of income over 10 years!\nHowever, growth can't always make up for low yields. Case in point here, even 16% dividend growth (a 340% increase in 10 years) still wouldn't pass our test.\nCompare this to Home Depot (HD). We can't discuss LOW without HD. HD's yield is 2.3%, a whole extra point. It also pays out twice as much, although still a healthy 44% free cash flow payout ratio.\nHowever, if HD increases its dividend by 10% per annum (a 159% increase over 10 years), an investment in HD would return more dividends despite having to increase its dividend by only half.\nSource: Dividend Freedom Tribe\nNote that HD would only provide 7.12% in 10 years under such a scenario.\nWhen the price was at $255, the simulation passed the 8% mark, and triggered us to get back in the stock. That was within 2% of the low, which is not too bad.\nClorox (CLX)\nClorox is a stock, which I exited although my timing wasn't great as I missed the peak.\nIt has come back down though and is only 2% above the price when I last published an article on CLX, back in April 2020.\nAt that point, I suggested it wasn't the time to sell,but that \"If you're not invested in CLX, you're late to the game, and would be better served investing elsewhere.\"\nThe reasons which warranted holding CLX in April 2020 are no longer present (defensive, trending momentum, more gains to squeeze out).\nClorox is coming down and has further to drop.\nIt currently yields 2.3%, below its 10-year median of 2.77%, and out of its historically fair range of 2.45% to 3.2%.\nSource: Dividend Freedom Tribe\nLast year the company increased its dividend by 4.7%, but it has averaged 7.5% over the past 5 years.\nGiven the very reasonable payout ratios of 44%, I believe long term dividend growth of 7% is attainable for Clorox.\nHowever, this won't quite cut it from an income perspective. A $10,000 investment with 7% growth, and reinvestments at the current yield, would generate $546 in income in 10 years, of which $101 would come from dividend reinvestments.\nSource: Dividend Freedom Tribe\nThis is not quite satisfactory, and given that Clorox's momentum is among the worst 6% of stocks in the market according to our Momentum Score., then I'd strongly suggesting avoiding CLX, and moving out of the position if not yet done.\nS&P Global (SPGI)\nS&P Global is a great company. It is beautifully managed, it has a long history of growth, and a lot of track ahead of it to continue increasing its dividend aggressively.\nYou can't really fault management, the dividend has been growing at 16% per annum for the past 5 years, while maintaining the free cash flow payout ratio below 20%.\nIt is once again a case of the market collectively getting too high(pun intended)on how good a company it is.\nThe current yield of 0.89% is extremely low.\nThis wasn't always the case. Back in 2011, and in early 2013, one could buy SPGI with a 2.8% yield, which would have been a great investment.\nIt is only fair to point out that had we done so, we would have also exited early, likely sometime in late 2017 or 2018, and would have been very comfortable foregoing future returns to shift to value, increase our income stream, and sleep well at night.\nSource: Dividend Freedom Tribe\nThe relationship between yield and growth rates gets extreme as yields get very low.\nWith the same $10,000 simulation, assuming 16% dividend growth with reinvestments of dividends, in 10 years you could only expect $408 in dividends, half the amount to be considered a good income opportunity.\nSource: Dividend Freedom Tribe\nFor SPGI to be considered a good income opportunity at the current valuation, one would have to believe that they would be able to increase the dividend by 25% per annum. Over 10 years that equates to an 831% increase, which somehow seems like a pipe dream.\nSell.\nEmerson Electric (EMR)\nIndustrials have been having one hell of a run. We've enjoyed this in our own industrial picks. One of our favorite is Snap-on (SNA) which we've been quite vocal about in the past year.\nEmerson Electric has also had one hell of a run but now trades at a valuation that is unheard of in the past decade.\nThe stock yields 2.3%, below its 10-year median yield of 3%, outside of its historically fair range of 2.7% to 3.3%.\nSource: Dividend Freedom Tribe\nBut this is combined to the fact that since 2014, dividend growth hasn't even kept up with inflation. If you've been checking inflation numbers in the past 7 years, you know that that is not a lot.\nIn the past 5 years, the dividend has grown at a 1% CAGR, while management could have easily achieved more. The free cash flow payout ratio was 52% 5 years ago. Today it's 40%.\nOnly one way to read into this, management is choosing to not increase the dividend in line with the growth in the business.\nThis is a negative signal for us, as it signals that management is viewing the dividend policy as a chore, and not as a way to actively reward shareholders for bearing the risk of the business they run.\nFor this one, let's run the simulation assuming management continue down this road, increasing the dividend by 1% per year.\nIf you invest $10,000, reinvest the dividends at the current yield, then in 10 years, you can expect a crazy $311 in dividends.\nSource: Dividend Freedom Tribe\nAlternatively you could buy Broadcom (AVGO) and get that amount today, or if you want to stay in Industrials, SNA, and get that amount in a year or two.\nThe valuation doesn't meet management's commitment to shareholders. Sell.\nStanley Black & Decker (SWK)\nThe party in industrials has gotten out of hand in many places. Stanley Black & Decker is another example of this in action. The power and hand tools company now once again trades at a valuation which it last traded at in January 2018.\nIf you want to see how that played out. Just look at how much pain buying the stock then, or choosing to hold on to it would have been.\nAlternatively you could buy Broadcom (AVGO) and get that amount today, or if you want to stay in Industrials, SNA, and get that amount in a year or two.\nThe valuation doesn't meet management's commitment to shareholders. Sell.\nStanley Black & Decker (SWK)\nThe party in industrials has gotten out of hand in many places. Stanley Black & Decker is another example of this in action. The power and hand tools company now once again trades at a valuation which it last traded at in January 2018.\nIf you want to see how that played out. Just look at how much pain buying the stock then, or choosing to hold on to it would have been.\nSource: Dividend Freedom Tribe\nIt would have taken you nearly 3 years for your position to be worth what it was then, and in exchange for your loyalty, you would have been compensated with dividend increases which have averaged about 3.5%.\nNot great.\nThe current yield of 1.45% is dangerously close to the 10-year minimum yield of 1.42%. It is way below the median yield of 2.08%, and out of the historically \"fair range\" of 1.8% to 2.36%.\nEven if the dividend were to grow in the next 10 years at 7.5% per annum (the rate which it has in the past 10 years) then it would still be a very lackluster investment from an income perspective.\nInvesting $10,000 at the current valuation, and reinvesting dividends in such a scenario would yield $333 in 10 years. Only 3.33% of your original investment.\nSource: Dividend Freedom Tribe\nSave yourself the hardship, and start moving out of your SWK position.\nCintas (CTAS)\nThis trend exists in many Industrial stocks. Cintas is yet another example in the Dividend Aristocrat space.\nIt has been increasing at an incredible rate during the past decade, a period during which the dividend has grown at 20% per year.\nSource: Dividend Freedom Tribe\nBut as you can see with the price moving from the blue band to the red band over the years, the market has continually reviewed its valuation of Cintas upwards.\nFor that reason it might not be worth looking towards historical ranges to derive value. Every year you would have said \"boy that looks expensive\".\nHere a better alternative is to look purely towards the future.\nEven if Cintas can keep up its historical growth rate of 20% per annum over the next ten years (it only managed 10% this past year)Cintas wouldn't quite reach our threshold of 8% on the initial investment, as the chart below shows.\nSource: Dividend Freedom Tribe\nNote that a 20% dividend growth rate is extremely powerful. It can increase income 6x on an extremely low yielding security. However, it is a momentous challenge as it implies multiplying the dividend by nearly 6x.\nIf they did somehow pull it off, while growing free cash flow at 8% per annum (the rate of revenue growth in the past 10 years) then the dividend would move from 30% of free cash flow to 85% of free cash flow.\nAnd yet from our income stream analysis, it would still come up short.\nSometimes things are just too much of a stretch.\nNucor (NUE)\nOvervalued names seem to pop up in nearly every sector this year.\nIf we move to Materials, we find Nucor which is yet again an example of a dividend aristocrat which has been increasing its dividend at such a low rate for so long. Its 2.4% yield cannot be counted on to give any significant boost to your income.\nDuring the past 10 years, the dividend has grown at a 1.3% CAGR. Over the past 5 years, this has gone down to 1.2%, with last year's increase an anemic 0.6% increase.\nSource: Dividend Freedom Tribe\nManagement could probably have squeezed out more as free cash flow payout ratios have mostly been stable at around 50% for the past 5 years\nBut that highlights a problem. FCF per share has grown at the same rate as the dividend, this means about 1%.\nNow I have no problem with low growth businesses if they provide a safe high yield. But Nucor offers none of that. In fact, if we continue to project into the future at a growth rate of 1.3%, one could expect 3.34% on his original investment in 10 years, assuming reinvestments at the current yield.\nSource: Dividend Freedom Tribe\nIt's been a good run, but it is time to sell.\nCincinnati Financial (CINF)\nInsurance companies were hit bad in 2020. It is a whole theme we have with our Dividend Freedom Tribe members, where we encourage them to buy undervalued insurance companies for a recovery scenario. One such stock is Prudential (PRU). Another is Aflac (AFL) which is also a Dividend Aristocrat.\nBut CINF, while being a very safe and stable Aristocrat, is also overvalued.\nIt yields 2.4%, well below its 10-year median of 3.2% and out of its historical fair range of 2.7% to 3.6%.\nNote that when it yields 3.5% or more, we think it is a great opportunity, but that has only happened during 3 periods in the past 10 years.\nSource: Dividend Freedom Tribe\nAt the current rate it looks like a stretch, as if management is to continue with their course of increasing the dividend at a long term rate of 5% per annum, then CINF will fail to impress from an income perspective.\nIn 10 years, a $10,000 investment would produce $527 in income, assuming dividend reinvestments at the current yield.\nSource: Dividend Freedom Tribe\nOnce again, a fantastic blue chip. Well run. Shareholder-friendly management. Sleep well at night stuff. But better opportunities out there.\nBecton, Dickinson and Company (BDX)\nThe final stock on the list is a healthcare stock. While BDX is off 10% from its highs, it still remains expensive in light of future potential.\nBDX yields below 1.38%, below its median yield of 1.68%, and only just within the historically fair range of 1.33% to 1.95%.\nSource: Dividend Freedom Tribe\nIt's the only stock on the list which yields more than its 25th percentile yield, however, not enough to convince. Between 2011 and 2015, BDX yielded between 1.9% and 2.6% while its dividend was growing at a 10% CAGR. Then between 2017 and now, it has yielded between 1.3% and 1.6%, despite the dividend growth rate falling to 4% per annum.\nIf this feels like the world upside down to you, it feels that way to me too.\nThe trend is going towards lower 4-5% dividend growth per annum. Yet at a 32% free cash flow payout ratio, and a solid business, we can argue that maybe management could squeeze out its 10-year CAGR of 7% again in the upcoming decade.\nBut the yield is just too low to contribute significantly.\nIf the dividend were to grow at 7% and you were to invest $10,000 today and reinvest dividends at the current yield for the next 10 years, then you could expect $299 per year in dividends a decade from now.\nA menial amount, as you probably agree if you got this far in the article.\nSource: Dividend Freedom Tribe\nScaling out of the position makes sense.\nConclusion\nIt's an interesting market, where we have a mixed bag of expensive stocks and cheap stocks. More and more are joining the ranks of the first category, making it a good time to trim positions.\nThere are a few corner cases where very large taxable gains might make selling not ideal. In this list, I can only see this maybe happening with LOW, if you have a very, very large gain.\nOtherwise moving out might be the best decision.\nJust think about it, you can own stocks that are historically overvalued, have poor dividend potential, and are at risk of capital loss or stagnation from here on.\nOr you can maintain (or even increase)your income today, improve your dividend potential in the next few years, while exposing yourself to value and buying stocks that will have their turn of outsized capital gains in the next few years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314685942,"gmtCreate":1612344762586,"gmtModify":1704869955155,"author":{"id":"3575078613037457","authorId":"3575078613037457","name":"一三88","avatar":"https://static.tigerbbs.com/a7901a7321eace7efa3bec98bad0c2b1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575078613037457","authorIdStr":"3575078613037457"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>this is the time where sell short invester are happy about.. going down the drain...","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>this is the time where sell short invester are happy about.. going down the drain...","text":"$GameStop(GME)$this is the time where sell short invester are happy about.. going down the drain...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314685942","isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}