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Goondu

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04-16

$Nanofilm(MZH.SI)$ Anyone buying the dip? 😅

03-02

$Tiger Brokers(TIGR)$ Shares. but preferably shares of my choice. maybe tiger can select a few for users to choose from. if not, then points which allows users to converts to any shares they want.

02-09

$Grab Holdings(GRAB)$

2023-11-01

New Grab incentives. Interesting.

2023-06-29

take profits 👍

Temasek Sells 1.85% Stake in Singapore Airlines, Remains Top Investor

2023-03-14

Top 10 dividend stocks?

AT&T (T): AT&T is a telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 7.6%. Verizon Communications (VZ): Verizon is another telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 4.6%. ExxonMobil (XOM): ExxonMobil is an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 5.4%. Chevron (CVX): Chevron is also an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 4.7%. Procter & Gamble (PG): Procter & Gamble is a consumer goods company that produces and sells a variety of household and personal care products. It has

Top 10 dividend stocks?

2023-02-22

$SATS LTD.(S58.SI)$ was too high for me previously. drop a bit more and I'm tempted buy some.

2023-02-14

nice one

Coca-Cola Q4 EPS $0.45, Inline, Sales $10.10B Beat $10.02B Estimate

2022-11-16

$Grab Holdings(GRAB)$ nice

2022-11-14

ok.

Grab Earnings Preview: Q3 Loss Could Narrow as Business Improves

2022-10-31

$Unilever PLC(UL)$ very solid

2022-10-25

$SATS LTD.(S58.SI)$ will it go below $2?

2022-10-22

$FRASERS HOSPITALITY TRUST(ACV.SI)$[Speechless]

2022-10-15

$ARK Fintech Innovation ETF(ARKF)$gone lol

2022-10-04

$FRASERS HOSPITALITY TRUST(ACV.SI)$nice

2022-09-28

$Sea Ltd(SE)$will buy some if below $50

2022-09-26

far from it

If Not The Bottom, Then What?

2022-09-22

good. drop some more then can buy some

Singapore Stocks to Watch: SATS, First Reit, Daiwa

2022-09-20

ok

Grab: Another Top Southeast Asian Growth Stock

2022-08-31

$SINGAPORE TECH ENGINEERING LTD(S63.SI)$ when to buy?

Go to Tiger App to see more news

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😅","listText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> Anyone buying the dip? 😅","text":"$Nanofilm(MZH.SI)$ Anyone buying the dip? 😅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/295906063306920","isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":279963748065568,"gmtCreate":1709371991041,"gmtModify":1710214701077,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> Shares. but preferably shares of my choice. maybe tiger can select a few for users to choose from. if not, then points which allows users to&nbsp;converts to any shares they want.&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> Shares. but preferably shares of my choice. maybe tiger can select a few for users to choose from. if not, then points which allows users to&nbsp;converts to any shares they want.&nbsp;","text":"$Tiger Brokers(TIGR)$ Shares. but preferably shares of my choice. maybe tiger can select a few for users to choose from. if not, then points which allows users to converts to any shares they want.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":0,"repostSize":30,"link":"https://ttm.financial/post/279963748065568","isVote":1,"tweetType":1,"viewCount":994,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":272127849566320,"gmtCreate":1707475244848,"gmtModify":1707475247845,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","text":"$Grab Holdings(GRAB)$","images":[{"img":"https://community-static.tradeup.com/news/b20af2f1890500e537a4a0246ca870dc","width":"894","height":"1508"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/272127849566320","isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":236659144024128,"gmtCreate":1698813662976,"gmtModify":1698813668657,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"New Grab incentives. Interesting.","listText":"New Grab incentives. Interesting.","text":"New Grab incentives. Interesting.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/236659144024128","isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192402937032848,"gmtCreate":1688003836995,"gmtModify":1688003840571,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"take profits 👍","listText":"take profits 👍","text":"take profits 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192402937032848","repostId":"2346844239","repostType":2,"repost":{"id":"2346844239","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":1688002522,"share":"https://www.laohu8.com/m/news/2346844239?lang=&edition=full","pubTime":"2023-06-29 09:35","market":"sg","language":"en","title":"Temasek Sells 1.85% Stake in Singapore Airlines, Remains Top Investor","url":"https://stock-news.laohu8.com/highlight/detail?id=2346844239","media":"Reuters","summary":"Temasek continues to maintain majority stakeSingapore Airlines announced in May record annual profitShares have jumped almost 36% year-to-dateHONG KONG/SINGAPORE, June 28 (Reuters) - Singapore's state","content":"<html><head></head><body><ul><li><p>Temasek continues to maintain majority stake</p></li><li><p>Singapore Airlines announced in May record annual profit</p></li><li><p>Shares have jumped almost 36% year-to-date</p></li></ul><p>HONG KONG/SINGAPORE, June 28 (Reuters) - Singapore&#39;s state investor Temasek is selling around S$400 million ($295.92 million) worth of shares, or a 1.85% stake, in the country&#39;s national carrier Singapore Airlines (SIA), according to a term sheet seen by Reuters on Wednesday.</p><p style=\"text-align: start;\">The shares are priced between S$7.202 and S$7.283 per share, the sheet shows, representing a 2.89% and 3.97% discount to the last close of S$7.50 on Wednesday.</p><p>Temasek will continue to be a major shareholder in SIA with a 53.5% stake, according to Reuters&#39; calculations.</p><p style=\"text-align: start;\">Citi is the sole bookrunner on the share sale, the term sheet showed.</p><p style=\"text-align: start;\">Citi declined to comment.</p><p style=\"text-align: start;\">&#34;As an active investor, we regularly reshape and rebalance our portfolio to deliver sustainable returns over the long term,&#34; Juliet Teo, Temasek&#39;s Head of Transportation &amp; Logistics, said in an emailed statement in response to Reuters query on Wednesday.</p><p style=\"text-align: start;\">&#34;We are committed to the long-term success of SIA and continue to maintain a majority stake in it,&#34; she added.</p><p style=\"text-align: start;\">SIA announced last month a record-high profit of S$2.16 billion for the year ended March 31, after posting losses for the past three years, and said it was off to a strong start with higher bookings to China, Japan and South Korea as pandemic curbs ended globally.</p><p>Shares of SIA have jumped almost 36% so far this year.</p><p style=\"text-align: start;\">($1 = 1.3517 Singapore dollars)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temasek Sells 1.85% Stake in Singapore Airlines, Remains Top Investor</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek Sells 1.85% Stake in Singapore Airlines, Remains Top Investor\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\">2023-06-29 09:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><p>Temasek continues to maintain majority stake</p></li><li><p>Singapore Airlines announced in May record annual profit</p></li><li><p>Shares have jumped almost 36% year-to-date</p></li></ul><p>HONG KONG/SINGAPORE, June 28 (Reuters) - Singapore&#39;s state investor Temasek is selling around S$400 million ($295.92 million) worth of shares, or a 1.85% stake, in the country&#39;s national carrier Singapore Airlines (SIA), according to a term sheet seen by Reuters on Wednesday.</p><p style=\"text-align: start;\">The shares are priced between S$7.202 and S$7.283 per share, the sheet shows, representing a 2.89% and 3.97% discount to the last close of S$7.50 on Wednesday.</p><p>Temasek will continue to be a major shareholder in SIA with a 53.5% stake, according to Reuters&#39; calculations.</p><p style=\"text-align: start;\">Citi is the sole bookrunner on the share sale, the term sheet showed.</p><p style=\"text-align: start;\">Citi declined to comment.</p><p style=\"text-align: start;\">&#34;As an active investor, we regularly reshape and rebalance our portfolio to deliver sustainable returns over the long term,&#34; Juliet Teo, Temasek&#39;s Head of Transportation &amp; Logistics, said in an emailed statement in response to Reuters query on Wednesday.</p><p style=\"text-align: start;\">&#34;We are committed to the long-term success of SIA and continue to maintain a majority stake in it,&#34; she added.</p><p style=\"text-align: start;\">SIA announced last month a record-high profit of S$2.16 billion for the year ended March 31, after posting losses for the past three years, and said it was off to a strong start with higher bookings to China, Japan and South Korea as pandemic curbs ended globally.</p><p>Shares of SIA have jumped almost 36% so far this year.</p><p style=\"text-align: start;\">($1 = 1.3517 Singapore dollars)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK6523":"ESG概念","BK6003":"航空公司","SG9999001127.SGD":"United Singapore Growth Fund SGD","BK6519":"运输股"},"source_url":"https://www.businesstimes.com.sg/companies-markets/temasek-sells-185-stake-singapore-airlines-remains-top-investor","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2346844239","content_text":"Temasek continues to maintain majority stakeSingapore Airlines announced in May record annual profitShares have jumped almost 36% year-to-dateHONG KONG/SINGAPORE, June 28 (Reuters) - Singapore's state investor Temasek is selling around S$400 million ($295.92 million) worth of shares, or a 1.85% stake, in the country's national carrier Singapore Airlines (SIA), according to a term sheet seen by Reuters on Wednesday.The shares are priced between S$7.202 and S$7.283 per share, the sheet shows, representing a 2.89% and 3.97% discount to the last close of S$7.50 on Wednesday.Temasek will continue to be a major shareholder in SIA with a 53.5% stake, according to Reuters' calculations.Citi is the sole bookrunner on the share sale, the term sheet showed.Citi declined to comment.\"As an active investor, we regularly reshape and rebalance our portfolio to deliver sustainable returns over the long term,\" Juliet Teo, Temasek's Head of Transportation & Logistics, said in an emailed statement in response to Reuters query on Wednesday.\"We are committed to the long-term success of SIA and continue to maintain a majority stake in it,\" she added.SIA announced last month a record-high profit of S$2.16 billion for the year ended March 31, after posting losses for the past three years, and said it was off to a strong start with higher bookings to China, Japan and South Korea as pandemic curbs ended globally.Shares of SIA have jumped almost 36% so far this year.($1 = 1.3517 Singapore dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949496982,"gmtCreate":1678803364147,"gmtModify":1678806828518,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"title":"Top 10 dividend stocks?","htmlText":"AT&amp;T (T): AT&amp;T is a telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 7.6%. Verizon Communications (VZ): Verizon is another telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 4.6%. ExxonMobil (XOM): ExxonMobil is an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 5.4%. Chevron (CVX): Chevron is also an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 4.7%. Procter &amp; Gamble (PG): Procter &amp; Gamble is a consumer goods company that produces and sells a variety of household and personal care products. It has","listText":"AT&amp;T (T): AT&amp;T is a telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 7.6%. Verizon Communications (VZ): Verizon is another telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 4.6%. ExxonMobil (XOM): ExxonMobil is an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 5.4%. Chevron (CVX): Chevron is also an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 4.7%. Procter &amp; Gamble (PG): Procter &amp; Gamble is a consumer goods company that produces and sells a variety of household and personal care products. It has","text":"AT&T (T): AT&T is a telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 7.6%. Verizon Communications (VZ): Verizon is another telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 4.6%. ExxonMobil (XOM): ExxonMobil is an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 5.4%. Chevron (CVX): Chevron is also an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 4.7%. Procter & Gamble (PG): Procter & Gamble is a consumer goods company that produces and sells a variety of household and personal care products. It has","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":67,"commentSize":16,"repostSize":0,"link":"https://ttm.financial/post/9949496982","isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957133805,"gmtCreate":1677072330008,"gmtModify":1677072332852,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S58.SI\">$SATS LTD.(S58.SI)$ </a>&nbsp;was too high for me previously. drop a bit&nbsp;more and I'm tempted buy some.","listText":"<a href=\"https://ttm.financial/S/S58.SI\">$SATS LTD.(S58.SI)$ </a>&nbsp;was too high for me previously. drop a bit&nbsp;more and I'm tempted buy some.","text":"$SATS LTD.(S58.SI)$ was too high for me previously. drop a bit more and I'm tempted buy some.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9957133805","isVote":1,"tweetType":1,"viewCount":633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954294694,"gmtCreate":1676376599219,"gmtModify":1676376602833,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"nice one","listText":"nice one","text":"nice one","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954294694","repostId":"2311161180","repostType":2,"repost":{"id":"2311161180","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1676379342,"share":"https://www.laohu8.com/m/news/2311161180?lang=&edition=full","pubTime":"2023-02-14 20:55","market":"us","language":"en","title":"Coca-Cola Q4 EPS $0.45, Inline, Sales $10.10B Beat $10.02B Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2311161180","media":"Benzinga","summary":"Coca-Cola (NYSE:KO) reported quarterly earnings of $0.45 per share which met the analyst consensus estimate. This is unchanged from the same period last year.  The company reported quarterly sales of $10.10 billion which","content":"<html><body><p>Coca-Cola (NYSE:KO) reported quarterly earnings of $0.45 per share which met the analyst consensus estimate. This is unchanged from the same period last year.  The company reported quarterly sales of $10.10 billion which beat the analyst consensus estimate of $10.02 billion by 0.80 percent.  This is a 6.72 percent increase over sales of $9.46 billion the same period last year.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coca-Cola Q4 EPS $0.45, Inline, Sales $10.10B Beat $10.02B Estimate</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\">\nCoca-Cola Q4 EPS $0.45, Inline, Sales $10.10B Beat $10.02B Estimate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2023-02-14 20:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Coca-Cola (NYSE:KO) reported quarterly earnings of $0.45 per share which met the analyst consensus estimate. This is unchanged from the same period last year.  The company reported quarterly sales of $10.10 billion which beat the analyst consensus estimate of $10.02 billion by 0.80 percent.  This is a 6.72 percent increase over sales of $9.46 billion the same period last year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐"},"source_url":"https://www.benzinga.com/news/earnings/23/02/30894563/coca-cola-q4-eps-0-45-inline-sales-10-10b-beat-10-02b-estimate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2311161180","content_text":"Coca-Cola (NYSE:KO) reported quarterly earnings of $0.45 per share which met the analyst consensus estimate. This is unchanged from the same period last year.  The company reported quarterly sales of $10.10 billion which beat the analyst consensus estimate of $10.02 billion by 0.80 percent.  This is a 6.72 percent increase over sales of $9.46 billion the same period last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963102745,"gmtCreate":1668610187987,"gmtModify":1676538084391,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ &nbsp;</a>nice","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ &nbsp;</a>nice","text":"$Grab Holdings(GRAB)$ nice","images":[{"img":"https://community-static.tradeup.com/news/998f5254c377f247cbc8550e33f00fc8","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963102745","isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9969611113,"gmtCreate":1668427689232,"gmtModify":1676538054837,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"ok.&nbsp;","listText":"ok.&nbsp;","text":"ok.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9969611113","repostId":"1179041973","repostType":2,"repost":{"id":"1179041973","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":1668470424,"share":"https://www.laohu8.com/m/news/1179041973?lang=&edition=full","pubTime":"2022-11-15 08:00","market":"sg","language":"en","title":"Grab Earnings Preview: Q3 Loss Could Narrow as Business Improves","url":"https://stock-news.laohu8.com/highlight/detail?id=1179041973","media":"Tiger Newspress","summary":"Grab is on track to narrow Ebitda losses again in Q3, building on its progress in Q2, driven by the ","content":"<html><head></head><body><blockquote>Grab is on track to narrow Ebitda losses again in Q3, building on its progress in Q2, driven by the mobility segment&#39;s strong recovery and deliveries unit&#39;s improving profitability.</blockquote><p><a href=\"https://laohu8.com/S/GRAB\">Grab</a> is scheduled to announce its earnings results before the market opens on Wednesday, November 16th. Analysts from Bloomberg expect the company to announce a loss of $0.086 per share on revenues of 344.9 million for the quarter.</p><p><img src=\"https://static.tigerbbs.com/865d697151eaa9c716fae02239bb37ca\" tg-width=\"1117\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/>Source: Bloomberg</p><h3>Latest Results</h3><p>For the second quarter, revenue surged 79% to $321 million. Revenue at the Rideshare business rose 40% while that of Deliveries tripled.</p><p>Loss for the period narrowed to $572 million, from $801 million a year earlier.</p><p>The company, which operates in 480 cities in eight countries in Southeast Asia, forecast revenue between $1.25 billion to $1.3 billion for the year, compared with its prior range of $1.2 billion and $1.3 billion.</p><h3>Grab Sees Slower Growth While It Pursues 2024 Profitability</h3><p>Grab Holdings Ltd. expects revenue to slow sharply as the Southeast Asian internet giant targets profitability in 2024, speeding up efforts to reverse years of losses.</p><p>The ride-sharing and delivery provider gave the forecast for a 45% to 55% increase at its first investor day, trying to reassure shareholders it’s on the rebound. Analysts were projecting 49% growth for 2023 on average. The company backed by SoftBank Group Corp. also said it anticipates breaking even in the second half of 2024 on a conditional basis, and excluding one-time items.</p><p>Grab, which counts Japan’s SoftBank and Uber Technologies Inc. as two biggest shareholders, expects losses to narrow to $380 million on an adjusted basis in 2022’s second half.</p><p>Executives said it now aims to break even by the latter half of 2024 on an adjusted earnings basis before interest, taxes, depreciation and amortization. That excludes as many as a dozen exceptional items, from fair value losses in investments to “restructuring costs.”</p><p>Grab lost $3.4 billion in 2021 and has piled up almost $1 billion of losses in the first two quarters of this year. Revenue this year is set to roughly double to as much as $1.3 billion, Grab said last month.</p><h3>Grab’s Ride-Booking, Food Delivery Businesses Could Grow in Q3</h3><p>Recovery in office commute and international travels should keep nudging ride-booking volume towards pre-pandemic levels, potentially helping to drive a more-than-doubling in mobility revenue. Continued growth in food delivery orders, along with lower incentive spending might boost similar increases in deliveries revenue.</p><p>These, and expanding margin as a result of improving efficiencies and scale economies -- and less regional overhead -- might give Grab a shot at shrinking 3Q&#39;s Ebitda loss to the $100-150 million range, vs. minus $212 million a year ago, and beating the consensus call for a $211 million loss.</p><p>Grab also plans to expand its monthly subscription program, where users pay a flat fee for deals across mobility, food and parcel delivery services on its app. It will also focus on corporate customers, groceries and advertising and fintech services to boost profitability.</p><p>The company is counting on turning around its loss-making delivery and financial-services businesses to hit its profit target. It’s previously forecast its deliveries division will get into the black by the second quarter of next year, when it should have margins of at least 3%. Grab expects its digital bank operation in the region, run with Singapore Telecommunications Ltd., to break even only by 2026.</p><p>Grab has partnered with <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> to unlock fresh growth opportunities and also collaborated with Starbucks(NASDAQ: SBUX) in six markets within Southeast Asia across multiple services. Meanwhile, Grab’sdigital bank initiative is expected to break even in 2026. The company plans to launch its digital bank in Malaysia and Indonesia in 2023, with losses expected to peak next year.</p><p>Taken together, Grab expects to chalk up 45% to 55% year on year revenue growth for 2023 and achieve breakeven at the EBITDA (earnings before interest, taxes, depreciation and amortisation) level by the second half of 2024.</p><h3>Analysts&#39; Opinions</h3><p>Barclays started coverage on shares of Grab in a report on Monday, October 10th. They set an &#34;equal weight&#34; rating and a $3.00 price objective on the stock.</p><p>Citigroup decreased their price objective on shares of Grab from $5.40 to $5.00 and set a &#34;buy&#34; rating for the company in a research note.</p><p>JPMorgan lowered shares of Grab from an &#34;overweight&#34; rating to a &#34;neutral&#34; rating and increased their price objective for the company from $3.00 to $3.80 in a research note.</p><p>Sachin Mittal, an analyst at DBS Group Holdings Ltd., rates Grab a hold. He had estimated revenue growth of 77% for 2023 and adjusted Ebitda breakeven in 2025.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab Earnings Preview: Q3 Loss Could Narrow as Business Improves</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\">\nGrab Earnings Preview: Q3 Loss Could Narrow as Business Improves\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\">2022-11-15 08:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote>Grab is on track to narrow Ebitda losses again in Q3, building on its progress in Q2, driven by the mobility segment&#39;s strong recovery and deliveries unit&#39;s improving profitability.</blockquote><p><a href=\"https://laohu8.com/S/GRAB\">Grab</a> is scheduled to announce its earnings results before the market opens on Wednesday, November 16th. Analysts from Bloomberg expect the company to announce a loss of $0.086 per share on revenues of 344.9 million for the quarter.</p><p><img src=\"https://static.tigerbbs.com/865d697151eaa9c716fae02239bb37ca\" tg-width=\"1117\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/>Source: Bloomberg</p><h3>Latest Results</h3><p>For the second quarter, revenue surged 79% to $321 million. Revenue at the Rideshare business rose 40% while that of Deliveries tripled.</p><p>Loss for the period narrowed to $572 million, from $801 million a year earlier.</p><p>The company, which operates in 480 cities in eight countries in Southeast Asia, forecast revenue between $1.25 billion to $1.3 billion for the year, compared with its prior range of $1.2 billion and $1.3 billion.</p><h3>Grab Sees Slower Growth While It Pursues 2024 Profitability</h3><p>Grab Holdings Ltd. expects revenue to slow sharply as the Southeast Asian internet giant targets profitability in 2024, speeding up efforts to reverse years of losses.</p><p>The ride-sharing and delivery provider gave the forecast for a 45% to 55% increase at its first investor day, trying to reassure shareholders it’s on the rebound. Analysts were projecting 49% growth for 2023 on average. The company backed by SoftBank Group Corp. also said it anticipates breaking even in the second half of 2024 on a conditional basis, and excluding one-time items.</p><p>Grab, which counts Japan’s SoftBank and Uber Technologies Inc. as two biggest shareholders, expects losses to narrow to $380 million on an adjusted basis in 2022’s second half.</p><p>Executives said it now aims to break even by the latter half of 2024 on an adjusted earnings basis before interest, taxes, depreciation and amortization. That excludes as many as a dozen exceptional items, from fair value losses in investments to “restructuring costs.”</p><p>Grab lost $3.4 billion in 2021 and has piled up almost $1 billion of losses in the first two quarters of this year. Revenue this year is set to roughly double to as much as $1.3 billion, Grab said last month.</p><h3>Grab’s Ride-Booking, Food Delivery Businesses Could Grow in Q3</h3><p>Recovery in office commute and international travels should keep nudging ride-booking volume towards pre-pandemic levels, potentially helping to drive a more-than-doubling in mobility revenue. Continued growth in food delivery orders, along with lower incentive spending might boost similar increases in deliveries revenue.</p><p>These, and expanding margin as a result of improving efficiencies and scale economies -- and less regional overhead -- might give Grab a shot at shrinking 3Q&#39;s Ebitda loss to the $100-150 million range, vs. minus $212 million a year ago, and beating the consensus call for a $211 million loss.</p><p>Grab also plans to expand its monthly subscription program, where users pay a flat fee for deals across mobility, food and parcel delivery services on its app. It will also focus on corporate customers, groceries and advertising and fintech services to boost profitability.</p><p>The company is counting on turning around its loss-making delivery and financial-services businesses to hit its profit target. It’s previously forecast its deliveries division will get into the black by the second quarter of next year, when it should have margins of at least 3%. Grab expects its digital bank operation in the region, run with Singapore Telecommunications Ltd., to break even only by 2026.</p><p>Grab has partnered with <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> to unlock fresh growth opportunities and also collaborated with Starbucks(NASDAQ: SBUX) in six markets within Southeast Asia across multiple services. Meanwhile, Grab’sdigital bank initiative is expected to break even in 2026. The company plans to launch its digital bank in Malaysia and Indonesia in 2023, with losses expected to peak next year.</p><p>Taken together, Grab expects to chalk up 45% to 55% year on year revenue growth for 2023 and achieve breakeven at the EBITDA (earnings before interest, taxes, depreciation and amortisation) level by the second half of 2024.</p><h3>Analysts&#39; Opinions</h3><p>Barclays started coverage on shares of Grab in a report on Monday, October 10th. They set an &#34;equal weight&#34; rating and a $3.00 price objective on the stock.</p><p>Citigroup decreased their price objective on shares of Grab from $5.40 to $5.00 and set a &#34;buy&#34; rating for the company in a research note.</p><p>JPMorgan lowered shares of Grab from an &#34;overweight&#34; rating to a &#34;neutral&#34; rating and increased their price objective for the company from $3.00 to $3.80 in a research note.</p><p>Sachin Mittal, an analyst at DBS Group Holdings Ltd., rates Grab a hold. He had estimated revenue growth of 77% for 2023 and adjusted Ebitda breakeven in 2025.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179041973","content_text":"Grab is on track to narrow Ebitda losses again in Q3, building on its progress in Q2, driven by the mobility segment's strong recovery and deliveries unit's improving profitability.Grab is scheduled to announce its earnings results before the market opens on Wednesday, November 16th. Analysts from Bloomberg expect the company to announce a loss of $0.086 per share on revenues of 344.9 million for the quarter.Source: BloombergLatest ResultsFor the second quarter, revenue surged 79% to $321 million. Revenue at the Rideshare business rose 40% while that of Deliveries tripled.Loss for the period narrowed to $572 million, from $801 million a year earlier.The company, which operates in 480 cities in eight countries in Southeast Asia, forecast revenue between $1.25 billion to $1.3 billion for the year, compared with its prior range of $1.2 billion and $1.3 billion.Grab Sees Slower Growth While It Pursues 2024 ProfitabilityGrab Holdings Ltd. expects revenue to slow sharply as the Southeast Asian internet giant targets profitability in 2024, speeding up efforts to reverse years of losses.The ride-sharing and delivery provider gave the forecast for a 45% to 55% increase at its first investor day, trying to reassure shareholders it’s on the rebound. Analysts were projecting 49% growth for 2023 on average. The company backed by SoftBank Group Corp. also said it anticipates breaking even in the second half of 2024 on a conditional basis, and excluding one-time items.Grab, which counts Japan’s SoftBank and Uber Technologies Inc. as two biggest shareholders, expects losses to narrow to $380 million on an adjusted basis in 2022’s second half.Executives said it now aims to break even by the latter half of 2024 on an adjusted earnings basis before interest, taxes, depreciation and amortization. That excludes as many as a dozen exceptional items, from fair value losses in investments to “restructuring costs.”Grab lost $3.4 billion in 2021 and has piled up almost $1 billion of losses in the first two quarters of this year. Revenue this year is set to roughly double to as much as $1.3 billion, Grab said last month.Grab’s Ride-Booking, Food Delivery Businesses Could Grow in Q3Recovery in office commute and international travels should keep nudging ride-booking volume towards pre-pandemic levels, potentially helping to drive a more-than-doubling in mobility revenue. Continued growth in food delivery orders, along with lower incentive spending might boost similar increases in deliveries revenue.These, and expanding margin as a result of improving efficiencies and scale economies -- and less regional overhead -- might give Grab a shot at shrinking 3Q's Ebitda loss to the $100-150 million range, vs. minus $212 million a year ago, and beating the consensus call for a $211 million loss.Grab also plans to expand its monthly subscription program, where users pay a flat fee for deals across mobility, food and parcel delivery services on its app. It will also focus on corporate customers, groceries and advertising and fintech services to boost profitability.The company is counting on turning around its loss-making delivery and financial-services businesses to hit its profit target. It’s previously forecast its deliveries division will get into the black by the second quarter of next year, when it should have margins of at least 3%. Grab expects its digital bank operation in the region, run with Singapore Telecommunications Ltd., to break even only by 2026.Grab has partnered with Coca-Cola to unlock fresh growth opportunities and also collaborated with Starbucks(NASDAQ: SBUX) in six markets within Southeast Asia across multiple services. Meanwhile, Grab’sdigital bank initiative is expected to break even in 2026. The company plans to launch its digital bank in Malaysia and Indonesia in 2023, with losses expected to peak next year.Taken together, Grab expects to chalk up 45% to 55% year on year revenue growth for 2023 and achieve breakeven at the EBITDA (earnings before interest, taxes, depreciation and amortisation) level by the second half of 2024.Analysts' OpinionsBarclays started coverage on shares of Grab in a report on Monday, October 10th. They set an \"equal weight\" rating and a $3.00 price objective on the stock.Citigroup decreased their price objective on shares of Grab from $5.40 to $5.00 and set a \"buy\" rating for the company in a research note.JPMorgan lowered shares of Grab from an \"overweight\" rating to a \"neutral\" rating and increased their price objective for the company from $3.00 to $3.80 in a research note.Sachin Mittal, an analyst at DBS Group Holdings Ltd., rates Grab a hold. He had estimated revenue growth of 77% for 2023 and adjusted Ebitda breakeven in 2025.","news_type":1},"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982409469,"gmtCreate":1667223827352,"gmtModify":1676537880166,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/UL\">$Unilever PLC(UL)$</a>&nbsp;very solid","listText":"<a href=\"https://ttm.financial/S/UL\">$Unilever PLC(UL)$</a>&nbsp;very solid","text":"$Unilever PLC(UL)$ very solid","images":[{"img":"https://community-static.tradeup.com/news/9ace9a352994299b96732f4d39e13e44","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982409469","isVote":1,"tweetType":1,"viewCount":468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9988301708,"gmtCreate":1666660950104,"gmtModify":1676537785005,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S58.SI\">$SATS LTD.(S58.SI)$</a>&nbsp;will it go below $2?","listText":"<a href=\"https://ttm.financial/S/S58.SI\">$SATS LTD.(S58.SI)$</a>&nbsp;will it go below $2?","text":"$SATS LTD.(S58.SI)$ will it go below $2?","images":[{"img":"https://community-static.tradeup.com/news/20d9436607bca42ab9b0f1fc672a05a4","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9988301708","isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9981369777,"gmtCreate":1666402228099,"gmtModify":1676537752163,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ACV.SI\">$FRASERS HOSPITALITY TRUST(ACV.SI)$</a>[Speechless]&nbsp;","listText":"<a href=\"https://ttm.financial/S/ACV.SI\">$FRASERS HOSPITALITY TRUST(ACV.SI)$</a>[Speechless]&nbsp;","text":"$FRASERS HOSPITALITY TRUST(ACV.SI)$[Speechless]","images":[{"img":"https://community-static.tradeup.com/news/09bad83795206d7956cf34867b4d838b","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9981369777","isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9980514146,"gmtCreate":1665765929786,"gmtModify":1676537662150,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>gone lol","listText":"<a href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>gone lol","text":"$ARK Fintech Innovation ETF(ARKF)$gone lol","images":[{"img":"https://community-static.tradeup.com/news/9d3aee9eea21ad2fecf3597495bd6b25","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980514146","isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9912541281,"gmtCreate":1664861436144,"gmtModify":1676537520621,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ACV.SI\">$FRASERS HOSPITALITY TRUST(ACV.SI)$</a>nice","listText":"<a href=\"https://ttm.financial/S/ACV.SI\">$FRASERS HOSPITALITY TRUST(ACV.SI)$</a>nice","text":"$FRASERS HOSPITALITY TRUST(ACV.SI)$nice","images":[{"img":"https://community-static.tradeup.com/news/2a1d933cb41560a214d197b8e5350c6e","width":"840","height":"1573"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912541281","isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9918885357,"gmtCreate":1664358424379,"gmtModify":1676537439929,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a>will buy some if below $50","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a>will buy some if below $50","text":"$Sea Ltd(SE)$will buy some if below $50","images":[{"img":"https://community-static.tradeup.com/news/d6f2a1daf3687ba58b925f0f8ed3af65","width":"840","height":"1668"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9918885357","isVote":1,"tweetType":1,"viewCount":545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9911619505,"gmtCreate":1664192150407,"gmtModify":1676537406720,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"far from it","listText":"far from it","text":"far from it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9911619505","repostId":"1154262778","repostType":2,"repost":{"id":"1154262778","pubTimestamp":1664205477,"share":"https://www.laohu8.com/m/news/1154262778?lang=&edition=full","pubTime":"2022-09-26 23:17","market":"us","language":"en","title":"If Not The Bottom, Then What?","url":"https://stock-news.laohu8.com/highlight/detail?id=1154262778","media":"Seeking Alpha","summary":"SummaryLeading central bank interest rates, set by to fight inflation, are attempting to peak in the","content":"<html><head></head><body><h3>Summary</h3><ul><li>Leading central bank interest rates, set by to fight inflation, are attempting to peak in the near future.</li><li>With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.</li><li>Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns.</li></ul><h3>Caveat</h3><p>We admit we don’t know what the future holds for us. I am falling back on my instinct to view things as bets with their own uncertain odds.</p><h3>Investment Markets Decline on September 23rd</h3><p>Leading central bank interest rates, sertt by to fight inflation, are attempting to peak in the near future. (My guess is that they won’t be successful at current levels until they switch from attempting to reduce demand to increasing supply, which is more difficult.) With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.</p><p>The battle against industrial goods inflation may be close to won, with the year-over-year change in the JOC-ECRI industrial price at -9.69%, gasoline demand down almost -8%, and distillates down about -16%. (I think it is going to be more difficult to address inflation in services, which is mostly comprised of wages for talented people.) Furthermore, food prices are much more dependent on the global decline in land use and availability.</p><p>As usual, the high-quality fixed-income markets are more advanced than the equity markets.</p><p>Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns. While the Dow Jones Industrial Average established a new low for the year, the S&amp;P 500 was the third-lowest, and the Nasdaq the fifth-lowest. Considering the latter two indices had greater gains, the fall of the DJIA is less impressive. While there was an increase in transaction volume from a low base, it was not impressive. There are no signs of mass capitulation at public or institutional levels.</p><h3>Outlook</h3><p>There are four possible paths forward. In order of time, magnitude and pain, they are:</p><p>A bear market without a recession has happened a few times and is largely a price correction. We are closing in on that.</p><p>A cyclical recession is usually driven by commodity prices or other supply issues. This is satisfactorily addressed in a few years.</p><p>A structural recession due to systemic imbalances of power and leadership requires major changes, which drastically alter society. Depending on the level of violence, it can take many years.</p><p>Stagflation, where a portion of the society/economy sacrifices involuntarily to the other until there is a counter-revolutionary force. There is usually a period of mismanagement and legal turmoil. We have experienced two periods like this in the past beginning in the 1930s and 1970s.</p><p>Each alternative is possible. Prudent investors should make up their own minds as to what is probable for their beneficiaries and careers. (To be discussed later.)</p><p>Before choosing your expected future, there is a new threat and lesson which surfaced this week.</p><h3>London’s Future Lesson and Threat</h3><p>This week, the brand-new Prime Minister announced a very expensive plan of pump-priming and tax reduction for individuals. The reaction of the London investment market and currency was shock and fear. The former US Secretary of Treasury and former President of Harvard summed up the view of many on both sides of the Atlantic that these were “the worst possible policies”.</p><p>There are two lessons for the US from these policies which march down the same road as the current US administration.</p><p>The lesson for US and other investors is that the value of one’s currency shapes the willingness of foreigners to invest in the currency. The independent Bank of England, their central bank, raised interest rates by 100 basis points earlier in the week before this announcement. On Friday, there was a call for the BOE to immediately raise rates another 100 basis points.</p><p>This controversy is important for the US with its highly rated currency, which somewhat ironically had the second-biggest gain for the week, according to The Wall Street Journal. (The only currency that had a bigger gain was the Russian ruble, +4.54% vs.+2.57%.)</p><p>Investors, traders, and customers look at the currency behind the source of earnings in today’s currency markets. We are all familiar with the “Petrodollar”, which is based on the earnings derived from petroleum production and sale. To some degree, the tag of Petrodollar has also been placed on the currencies of Russia and Canada, among others, in addition to various Middle Eastern countries.</p><p>While it hasn’t been popularly done before, I believe we may now see a financial pound label placed on the British currency. A major part of its earnings come from its transaction markets and multinationals headquartered in the UK with export earnings, as well as contributions from my wife at her favorite shopping location.</p><p>We should watch what happens in the UK as an indication of a possible trend for the US.</p><h3>Investing Equity Reserves</h3><p>Last week’s blog suggested a tactical plan to reinvest reserves coming from equity investments, or from cash flows to be invested in equities.</p><p>Investors will be benefit from dollar-cost averaging, no matter which frequency is used. They will also benefit from the selection of one of the four alternative futures outlined above.</p><p>The most important long-term decision regarding the ultimate value of the account is to not get too comfortable with cash reserves while interest rates earn single-digit returns. This will be costly, as stock markets go up as rates come down, resulting in some principal loss. More important, time not invested in equities at low prices will be lost. For taxable investors, the difference in taxes on interest and gains can be meaningful, particularly in well-constructed estates.</p><p>In making choices where time horizon is appropriate for your investments, I expect the last two scenarios to be the most likely, based on today’s information. For example, Walmart (WMT) is not building inventory and staff for the holiday season. Their shoppers, for the most part, are modest-income, savvy buyers. If Walmart is not expecting a good holiday season for itself, one should question how quickly inflation will drop below 5%.</p><p>Typically, a well-known name disappears from the marketplace due to severe financial trouble. None has so far, but you might see a rescue merger or court action.</p><p>I have no inside information, but I am concerned that reported earnings and, more importantly, values are overstated for the current economy, making market valuations questionable. One such possible company is Credit Suisse (CS). The pundits are quoting it as selling for almost 20% of book value! I am sure this is not a singular situation.</p><p>Please share your views.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Not The Bottom, Then What?</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\">\nIf Not The Bottom, Then What?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-26 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4543053-if-not-bottom-then-what><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryLeading central bank interest rates, set by to fight inflation, are attempting to peak in the near future.With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-...</p>\n\n<a href=\"https://seekingalpha.com/article/4543053-if-not-bottom-then-what\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4543053-if-not-bottom-then-what","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154262778","content_text":"SummaryLeading central bank interest rates, set by to fight inflation, are attempting to peak in the near future.With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns.CaveatWe admit we don’t know what the future holds for us. I am falling back on my instinct to view things as bets with their own uncertain odds.Investment Markets Decline on September 23rdLeading central bank interest rates, sertt by to fight inflation, are attempting to peak in the near future. (My guess is that they won’t be successful at current levels until they switch from attempting to reduce demand to increasing supply, which is more difficult.) With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.The battle against industrial goods inflation may be close to won, with the year-over-year change in the JOC-ECRI industrial price at -9.69%, gasoline demand down almost -8%, and distillates down about -16%. (I think it is going to be more difficult to address inflation in services, which is mostly comprised of wages for talented people.) Furthermore, food prices are much more dependent on the global decline in land use and availability.As usual, the high-quality fixed-income markets are more advanced than the equity markets.Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns. While the Dow Jones Industrial Average established a new low for the year, the S&P 500 was the third-lowest, and the Nasdaq the fifth-lowest. Considering the latter two indices had greater gains, the fall of the DJIA is less impressive. While there was an increase in transaction volume from a low base, it was not impressive. There are no signs of mass capitulation at public or institutional levels.OutlookThere are four possible paths forward. In order of time, magnitude and pain, they are:A bear market without a recession has happened a few times and is largely a price correction. We are closing in on that.A cyclical recession is usually driven by commodity prices or other supply issues. This is satisfactorily addressed in a few years.A structural recession due to systemic imbalances of power and leadership requires major changes, which drastically alter society. Depending on the level of violence, it can take many years.Stagflation, where a portion of the society/economy sacrifices involuntarily to the other until there is a counter-revolutionary force. There is usually a period of mismanagement and legal turmoil. We have experienced two periods like this in the past beginning in the 1930s and 1970s.Each alternative is possible. Prudent investors should make up their own minds as to what is probable for their beneficiaries and careers. (To be discussed later.)Before choosing your expected future, there is a new threat and lesson which surfaced this week.London’s Future Lesson and ThreatThis week, the brand-new Prime Minister announced a very expensive plan of pump-priming and tax reduction for individuals. The reaction of the London investment market and currency was shock and fear. The former US Secretary of Treasury and former President of Harvard summed up the view of many on both sides of the Atlantic that these were “the worst possible policies”.There are two lessons for the US from these policies which march down the same road as the current US administration.The lesson for US and other investors is that the value of one’s currency shapes the willingness of foreigners to invest in the currency. The independent Bank of England, their central bank, raised interest rates by 100 basis points earlier in the week before this announcement. On Friday, there was a call for the BOE to immediately raise rates another 100 basis points.This controversy is important for the US with its highly rated currency, which somewhat ironically had the second-biggest gain for the week, according to The Wall Street Journal. (The only currency that had a bigger gain was the Russian ruble, +4.54% vs.+2.57%.)Investors, traders, and customers look at the currency behind the source of earnings in today’s currency markets. We are all familiar with the “Petrodollar”, which is based on the earnings derived from petroleum production and sale. To some degree, the tag of Petrodollar has also been placed on the currencies of Russia and Canada, among others, in addition to various Middle Eastern countries.While it hasn’t been popularly done before, I believe we may now see a financial pound label placed on the British currency. A major part of its earnings come from its transaction markets and multinationals headquartered in the UK with export earnings, as well as contributions from my wife at her favorite shopping location.We should watch what happens in the UK as an indication of a possible trend for the US.Investing Equity ReservesLast week’s blog suggested a tactical plan to reinvest reserves coming from equity investments, or from cash flows to be invested in equities.Investors will be benefit from dollar-cost averaging, no matter which frequency is used. They will also benefit from the selection of one of the four alternative futures outlined above.The most important long-term decision regarding the ultimate value of the account is to not get too comfortable with cash reserves while interest rates earn single-digit returns. This will be costly, as stock markets go up as rates come down, resulting in some principal loss. More important, time not invested in equities at low prices will be lost. For taxable investors, the difference in taxes on interest and gains can be meaningful, particularly in well-constructed estates.In making choices where time horizon is appropriate for your investments, I expect the last two scenarios to be the most likely, based on today’s information. For example, Walmart (WMT) is not building inventory and staff for the holiday season. Their shoppers, for the most part, are modest-income, savvy buyers. If Walmart is not expecting a good holiday season for itself, one should question how quickly inflation will drop below 5%.Typically, a well-known name disappears from the marketplace due to severe financial trouble. None has so far, but you might see a rescue merger or court action.I have no inside information, but I am concerned that reported earnings and, more importantly, values are overstated for the current economy, making market valuations questionable. One such possible company is Credit Suisse (CS). The pundits are quoting it as selling for almost 20% of book value! I am sure this is not a singular situation.Please share your views.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919493352,"gmtCreate":1663835830576,"gmtModify":1676537346694,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"good. drop some more then&nbsp;can buy some","listText":"good. drop some more then&nbsp;can buy some","text":"good. drop some more then can buy some","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919493352","repostId":"1188615380","repostType":2,"repost":{"id":"1188615380","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":1663805892,"share":"https://www.laohu8.com/m/news/1188615380?lang=&edition=full","pubTime":"2022-09-22 08:18","market":"sg","language":"en","title":"Singapore Stocks to Watch: SATS, First Reit, Daiwa","url":"https://stock-news.laohu8.com/highlight/detail?id=1188615380","media":"Tiger Newspress","summary":"THE following companies saw new developments that may affect trading of their securities on Thursday","content":"<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 22):</p><p><b>SATS (S58): </b>SATS is in discussions to acquire air cargo handler Worldwide Flight Services but no definitive terms or formal legal documentation, including the purchase consideration, have been agreed upon, the company said on Wednesday (Sep 21) in a bourse filing.</p><p>The mainboard-listed inflight caterer and ground handler called for a trading halt earlier in the day following a Bloomberg report, based on sources, of a potential acquisition for as much as US$3 billion.</p><p>SATS has sounded out financing for the potential purchase of Worldwide Flight Services from its private equity owner Cerberus Capital Management, the report said.</p><p><b>First Reit (</b><b>AW9U</b><b>):</b> The manager of First Real Estate Investment Trust (Reit) has agreed to buy 2 nursing homes in Japan for 2.6 billion yen (S$26.3 million), as part of its expansion in a key growth market.</p><p>The freehold properties, Loyal Residence Ayase (Ayase) and Medical Rehabilitation Home Bon Séjour Komaki (Komaki), have a combined net property yield of 5.2 per cent.</p><p>The acquisitions will be fully funded by debt and are expected to be DPU (distribution per unit) accretive.</p><p><b>Daiwa (DHLU):</b> Daiwa House Logistics Trust has launched its maiden acquisition following its IPO last November, with plans to buy two freehold logistics facilities and a piece of freehold land in Japan from sponsor Daiwa House Industry for 4,68 billion yen, or $47.7 million.</p><p>According to DHLT, the blended implied NPI yield for these two properties is 6.5%, which is higher than the blended NPI yield of the existing properties in DHLT&#39;s portfolio of 6.1%.</p><p>The purchase price is at a discount of 11.8% off the appraised value of $54.1 million of these properties as at June 30.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to Watch: SATS, First Reit, Daiwa</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\">\nSingapore Stocks to Watch: SATS, First Reit, Daiwa\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\">2022-09-22 08:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 22):</p><p><b>SATS (S58): </b>SATS is in discussions to acquire air cargo handler Worldwide Flight Services but no definitive terms or formal legal documentation, including the purchase consideration, have been agreed upon, the company said on Wednesday (Sep 21) in a bourse filing.</p><p>The mainboard-listed inflight caterer and ground handler called for a trading halt earlier in the day following a Bloomberg report, based on sources, of a potential acquisition for as much as US$3 billion.</p><p>SATS has sounded out financing for the potential purchase of Worldwide Flight Services from its private equity owner Cerberus Capital Management, the report said.</p><p><b>First Reit (</b><b>AW9U</b><b>):</b> The manager of First Real Estate Investment Trust (Reit) has agreed to buy 2 nursing homes in Japan for 2.6 billion yen (S$26.3 million), as part of its expansion in a key growth market.</p><p>The freehold properties, Loyal Residence Ayase (Ayase) and Medical Rehabilitation Home Bon Séjour Komaki (Komaki), have a combined net property yield of 5.2 per cent.</p><p>The acquisitions will be fully funded by debt and are expected to be DPU (distribution per unit) accretive.</p><p><b>Daiwa (DHLU):</b> Daiwa House Logistics Trust has launched its maiden acquisition following its IPO last November, with plans to buy two freehold logistics facilities and a piece of freehold land in Japan from sponsor Daiwa House Industry for 4,68 billion yen, or $47.7 million.</p><p>According to DHLT, the blended implied NPI yield for these two properties is 6.5%, which is higher than the blended NPI yield of the existing properties in DHLT&#39;s portfolio of 6.1%.</p><p>The purchase price is at a discount of 11.8% off the appraised value of $54.1 million of these properties as at June 30.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AW9U.SI":"先锋医疗产业信托","DHLU.SI":"Daiwa Hse Log Tr","S58.SI":"新翔集团有限公司"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188615380","content_text":"THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 22):SATS (S58): SATS is in discussions to acquire air cargo handler Worldwide Flight Services but no definitive terms or formal legal documentation, including the purchase consideration, have been agreed upon, the company said on Wednesday (Sep 21) in a bourse filing.The mainboard-listed inflight caterer and ground handler called for a trading halt earlier in the day following a Bloomberg report, based on sources, of a potential acquisition for as much as US$3 billion.SATS has sounded out financing for the potential purchase of Worldwide Flight Services from its private equity owner Cerberus Capital Management, the report said.First Reit (AW9U): The manager of First Real Estate Investment Trust (Reit) has agreed to buy 2 nursing homes in Japan for 2.6 billion yen (S$26.3 million), as part of its expansion in a key growth market.The freehold properties, Loyal Residence Ayase (Ayase) and Medical Rehabilitation Home Bon Séjour Komaki (Komaki), have a combined net property yield of 5.2 per cent.The acquisitions will be fully funded by debt and are expected to be DPU (distribution per unit) accretive.Daiwa (DHLU): Daiwa House Logistics Trust has launched its maiden acquisition following its IPO last November, with plans to buy two freehold logistics facilities and a piece of freehold land in Japan from sponsor Daiwa House Industry for 4,68 billion yen, or $47.7 million.According to DHLT, the blended implied NPI yield for these two properties is 6.5%, which is higher than the blended NPI yield of the existing properties in DHLT's portfolio of 6.1%.The purchase price is at a discount of 11.8% off the appraised value of $54.1 million of these properties as at June 30.","news_type":1},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910758127,"gmtCreate":1663688667369,"gmtModify":1676537316488,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9910758127","repostId":"1129014273","repostType":2,"repost":{"id":"1129014273","pubTimestamp":1663661502,"share":"https://www.laohu8.com/m/news/1129014273?lang=&edition=full","pubTime":"2022-09-20 16:11","market":"us","language":"en","title":"Grab: Another Top Southeast Asian Growth Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1129014273","media":"Seeking Alpha","summary":"SummaryGrab is the largest ride-sharing and grocery delivery company in Southeast Asia.The company h","content":"<html><head></head><body><h2>Summary</h2><ul><li>Grab is the largest ride-sharing and grocery delivery company in Southeast Asia.</li><li>The company hit record revenue in Q2 2022 and continues to increase monthly active users on its platform.</li><li>I like GRAB stock under $5 as a strong buy and believe it&#39;s one of the best foreign stocks to hold right now.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9026cb119cc53c5298d01fc6b1711b8b\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>bankkgraphy</span></p><p>Grab (NASDAQ:GRAB) is a Singaporean-based ride-sharing and grocery delivery company with operations all over Southeast Asia.</p><p>I don&#39;t normally highlight foreign companies because American companies benefit from a much larger economy and consumers with a relatively high annual income.</p><p>But every now and then, I find value in foreign companies with a wide moat and strong brand recognition.</p><p>Grab fits the bill perfectly because the company dominates its marketplace in Southeast Asia. I&#39;ve visited Thailand and Philippines over the years and you will see green Grab delivery riders everywhere.</p><p>The company is so dominant that Uber (UBER) sold its operations to Grab and bought a stake in the company as a blatant surrender move.</p><p>In this article, I&#39;ll give you a general breakdown of Grab and share several reasons why I&#39;m bullish on the company long term.</p><h2>Grab Overview</h2><p>Grab was founded in 2016 by Singapore Billionaire Anthony Tan who had a vision of building a super-app for Southeast Asia.</p><p>Southeast Asia is made up of 8 countries and has a total population of 683 million people.</p><p>It&#39;s one of the fastest growing economies in the world thanks to massive technological advances and foreign investment.</p><p>Grab operates in 4 key segments: Delivery, Mobility, Financial Services, and Enterprise Services (Advertising for businesses).</p><p>The American ride sharing &amp; food delivery industry has many competitors such as Uber, Lyft (LYFT), DoorDash (DASH), and several other small companies who compete aggressively for the huge $ tide sharing market.</p><p>On the other hand, Grab only has 1 competitor in Southeast Asia called Foodpanda, a smaller company based out of Europe.</p><h2>Record Q2 Revenue and GMV</h2><p>The company hit record Q2 revenue of $321 million (Up 79% YoY) along with record Q2 GMV of $5.1 billion (Up 30% YoY).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aca6a4b7afe32d866b123c7ad3bc5973\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Financials (grab.com)</span></p><p>Monthly Transacting Users (MTAs) reached 32.6 million (Up 12% YoY) with 62% of users using 2 or more services on the app.</p><p>Net losses were $572 million, which was a 27% improvement from Q2 2021.</p><p>Grab continues to grow its MTA and establish a massive footprint in Southeast Asia. I don&#39;t see any competitors taking market share from the company right now and Grab will be able to raise prices to adjust for inflation to keep both merchants and consumers on a level playing field.</p><h2>Deliveries</h2><p>Delivery revenue grew 199% YoY and makes up nearly 50% of the company&#39;s revenue and Grab just announced a new partnership with Coca-Cola (KO) in August 2022 to offer more of its products on the app.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f9aa62bcd9e18dd9dc1501b4a322358\" tg-width=\"640\" tg-height=\"260\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Deliveries (grab.com)</span></p><p>Grocery &amp; food delivery is a stable and lucrative business that the company can continue profiting from. The Grab app makes it easy to order from any restaurant or grocery store within a 20 km radius, which gives app users a wide range of selections.</p><p>Grab can onload more restaurants and increase its revenue as more users flock to its app.</p><h2>Mobility</h2><p>Mobility bounced back nicely in Q2 2022 and Grab saw a nice revenue boost of 37% in its ride sharing segment due to higher tourist activity and international travel.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f8cc1e637a6d3ae80030c2a86c9757a\" tg-width=\"640\" tg-height=\"267\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Mobility (grab.com)</span></p><p>Grab does compete with motorcycle taxis that offer citywide transportation throughout Southeast Asia at a lower cost. It will be interesting to see if Grab adds motorcycle rides to its platform in the future.</p><p>Southeast Asian countries are beginning to welcome back tourists and drop mask mandates, which is extremely bullish for its ridesharing segment.</p><h2>Financial Services</h2><p>Financial services saw a 94% in revenue YoY as more users use the company&#39;s digital payment app and applied for loans through Grab.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d2de6dd60e53c092bfecac927222563\" tg-width=\"640\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Financial Services (grab.com)</span></p><p>Grab is becoming a solid alternative to PayPal (PYPL) in Southeast Asia and could benefit from an increase in TPV over the next few years.</p><h2>Enterprise Services</h2><p>Grab&#39;s Enterprise services saw a 30% revenue boost YoY as more companies spent money on GrabAds to drive higher customer sales volume.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a25d5c353a8942bd7a96e0e7100db743\" tg-width=\"640\" tg-height=\"229\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Enterprise Services (grab.com)</span></p><p>Grab isn&#39;t generating a lot of revenue from merchant ads but could scale this segment as MTA is approaching 50+ million.</p><p>The company also launched Grab Maps in August 2022 to help alleviate many of its problems using standard Google Maps.</p><p>Management expects to break even on the food &amp; deliveries segment much earlier than expected.</p><h2>My Bullish Take</h2><p>GRAB stock trades around $3 and is down 61% from its initial SPAC IPO.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2b4098c6633fecb6afcda2efcdbcb04\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/><span>GRAB data by YCharts</span></p><p>The company made history by becoming the most expensive SPAC IPO of all-time with an initial valuation of $40 billion.</p><p>What&#39;s most intriguing is that Altimeter Capital selected Grab as its SPAC partner.</p><p>I trust their judgement and believe Grab is one of the best stocks under $5 to own right now.</p><p>Digital technological advances in Southeast Asia will drive higher per capita incomes and more e-commerce activity in the future.</p><p>Grab CEO Anthony Tan believes the company will be profitable soon and could start generating positive EBITDA as soon as 2023.</p><p>Not only is Grab a ride sharing &amp; delivery app but the app offers other services including digital payments, bill pay, and smartphone credit purchase.</p><p>Whenever you visit Southeast Asia, you must download the Grab app to get around the city. Grab doesn&#39;t have a large footprint in rural areas of Southeast Asia but that&#39;s okay because most tourists and higher income residents live in the major cities such as Singapore, Manila, Bangkok, etc.</p><h2>Risk Factors</h2><p>Grab is a fast growing company but there are several risk factors that I worry about. If the Southeast Asian economy slows down then Grab will suffer from a reduction in e-commerce activity.</p><p>There are also the risks of Uber or early Grab investors dumping their stakes once the SPAC lockup period ends.</p><p>Grab has 4 billion shares outstanding and I wonder if future share dilution will become an ongoing problem. That&#39;s a high number of shares for a SPAC so further dilution could send GRAB stock heading towards $1 in a hurry.</p><h2>Conclusion</h2><p>I made the most of my investment gains over my career by purchasing wonderful stocks when nobody wanted them under $10 per share.</p><p>Singapore is a beautiful country and Grab is the corporate jewel of the city.</p><p>Grab has a 5% market share out of Southeast Asia&#39;s 680+ million residents and has a lot of growth potential in the future.</p><p>If you want to invest in Southeast Asia, then GRAB stock is probably your best bet right now.</p><p><i>This article was written by Investor Trip.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab: Another Top Southeast Asian Growth Stock</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\">\nGrab: Another Top Southeast Asian Growth Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-20 16:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4541808-grab-another-top-southeast-asian-growth-stock><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGrab is the largest ride-sharing and grocery delivery company in Southeast Asia.The company hit record revenue in Q2 2022 and continues to increase monthly active users on its platform.I like ...</p>\n\n<a href=\"https://seekingalpha.com/article/4541808-grab-another-top-southeast-asian-growth-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://seekingalpha.com/article/4541808-grab-another-top-southeast-asian-growth-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129014273","content_text":"SummaryGrab is the largest ride-sharing and grocery delivery company in Southeast Asia.The company hit record revenue in Q2 2022 and continues to increase monthly active users on its platform.I like GRAB stock under $5 as a strong buy and believe it's one of the best foreign stocks to hold right now.bankkgraphyGrab (NASDAQ:GRAB) is a Singaporean-based ride-sharing and grocery delivery company with operations all over Southeast Asia.I don't normally highlight foreign companies because American companies benefit from a much larger economy and consumers with a relatively high annual income.But every now and then, I find value in foreign companies with a wide moat and strong brand recognition.Grab fits the bill perfectly because the company dominates its marketplace in Southeast Asia. I've visited Thailand and Philippines over the years and you will see green Grab delivery riders everywhere.The company is so dominant that Uber (UBER) sold its operations to Grab and bought a stake in the company as a blatant surrender move.In this article, I'll give you a general breakdown of Grab and share several reasons why I'm bullish on the company long term.Grab OverviewGrab was founded in 2016 by Singapore Billionaire Anthony Tan who had a vision of building a super-app for Southeast Asia.Southeast Asia is made up of 8 countries and has a total population of 683 million people.It's one of the fastest growing economies in the world thanks to massive technological advances and foreign investment.Grab operates in 4 key segments: Delivery, Mobility, Financial Services, and Enterprise Services (Advertising for businesses).The American ride sharing & food delivery industry has many competitors such as Uber, Lyft (LYFT), DoorDash (DASH), and several other small companies who compete aggressively for the huge $ tide sharing market.On the other hand, Grab only has 1 competitor in Southeast Asia called Foodpanda, a smaller company based out of Europe.Record Q2 Revenue and GMVThe company hit record Q2 revenue of $321 million (Up 79% YoY) along with record Q2 GMV of $5.1 billion (Up 30% YoY).Grab Q2 2022 Financials (grab.com)Monthly Transacting Users (MTAs) reached 32.6 million (Up 12% YoY) with 62% of users using 2 or more services on the app.Net losses were $572 million, which was a 27% improvement from Q2 2021.Grab continues to grow its MTA and establish a massive footprint in Southeast Asia. I don't see any competitors taking market share from the company right now and Grab will be able to raise prices to adjust for inflation to keep both merchants and consumers on a level playing field.DeliveriesDelivery revenue grew 199% YoY and makes up nearly 50% of the company's revenue and Grab just announced a new partnership with Coca-Cola (KO) in August 2022 to offer more of its products on the app.Grab Q2 2022 Deliveries (grab.com)Grocery & food delivery is a stable and lucrative business that the company can continue profiting from. The Grab app makes it easy to order from any restaurant or grocery store within a 20 km radius, which gives app users a wide range of selections.Grab can onload more restaurants and increase its revenue as more users flock to its app.MobilityMobility bounced back nicely in Q2 2022 and Grab saw a nice revenue boost of 37% in its ride sharing segment due to higher tourist activity and international travel.Grab Q2 2022 Mobility (grab.com)Grab does compete with motorcycle taxis that offer citywide transportation throughout Southeast Asia at a lower cost. It will be interesting to see if Grab adds motorcycle rides to its platform in the future.Southeast Asian countries are beginning to welcome back tourists and drop mask mandates, which is extremely bullish for its ridesharing segment.Financial ServicesFinancial services saw a 94% in revenue YoY as more users use the company's digital payment app and applied for loans through Grab.Grab Q2 2022 Financial Services (grab.com)Grab is becoming a solid alternative to PayPal (PYPL) in Southeast Asia and could benefit from an increase in TPV over the next few years.Enterprise ServicesGrab's Enterprise services saw a 30% revenue boost YoY as more companies spent money on GrabAds to drive higher customer sales volume.Grab Q2 2022 Enterprise Services (grab.com)Grab isn't generating a lot of revenue from merchant ads but could scale this segment as MTA is approaching 50+ million.The company also launched Grab Maps in August 2022 to help alleviate many of its problems using standard Google Maps.Management expects to break even on the food & deliveries segment much earlier than expected.My Bullish TakeGRAB stock trades around $3 and is down 61% from its initial SPAC IPO.GRAB data by YChartsThe company made history by becoming the most expensive SPAC IPO of all-time with an initial valuation of $40 billion.What's most intriguing is that Altimeter Capital selected Grab as its SPAC partner.I trust their judgement and believe Grab is one of the best stocks under $5 to own right now.Digital technological advances in Southeast Asia will drive higher per capita incomes and more e-commerce activity in the future.Grab CEO Anthony Tan believes the company will be profitable soon and could start generating positive EBITDA as soon as 2023.Not only is Grab a ride sharing & delivery app but the app offers other services including digital payments, bill pay, and smartphone credit purchase.Whenever you visit Southeast Asia, you must download the Grab app to get around the city. Grab doesn't have a large footprint in rural areas of Southeast Asia but that's okay because most tourists and higher income residents live in the major cities such as Singapore, Manila, Bangkok, etc.Risk FactorsGrab is a fast growing company but there are several risk factors that I worry about. If the Southeast Asian economy slows down then Grab will suffer from a reduction in e-commerce activity.There are also the risks of Uber or early Grab investors dumping their stakes once the SPAC lockup period ends.Grab has 4 billion shares outstanding and I wonder if future share dilution will become an ongoing problem. That's a high number of shares for a SPAC so further dilution could send GRAB stock heading towards $1 in a hurry.ConclusionI made the most of my investment gains over my career by purchasing wonderful stocks when nobody wanted them under $10 per share.Singapore is a beautiful country and Grab is the corporate jewel of the city.Grab has a 5% market share out of Southeast Asia's 680+ million residents and has a lot of growth potential in the future.If you want to invest in Southeast Asia, then GRAB stock is probably your best bet right now.This article was written by Investor Trip.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930615451,"gmtCreate":1661949499776,"gmtModify":1676536609869,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S63.SI\">$SINGAPORE TECH ENGINEERING LTD(S63.SI)$</a>&nbsp;when to buy?&nbsp;","listText":"<a href=\"https://ttm.financial/S/S63.SI\">$SINGAPORE TECH ENGINEERING LTD(S63.SI)$</a>&nbsp;when to buy?&nbsp;","text":"$SINGAPORE TECH ENGINEERING LTD(S63.SI)$ when to buy?","images":[{"img":"https://community-static.tradeup.com/news/d872e6eac55eb9650ebd1f6cdf694ca0","width":"840","height":"1573"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9930615451","isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582854460503646","authorId":"3582854460503646","name":"des92","avatar":"https://community-static.tradeup.com/news/5a69650d15d241ce154a12032cb6a015","crmLevel":4,"crmLevelSwitch":0},"content":"3.7 - 3.75 this i will buy","text":"3.7 - 3.75 this i will buy","html":"3.7 - 3.75 this i will buy"}],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":279963748065568,"gmtCreate":1709371991041,"gmtModify":1710214701077,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> Shares. but preferably shares of my choice. maybe tiger can select a few for users to choose from. if not, then points which allows users to&nbsp;converts to any shares they want.&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> Shares. but preferably shares of my choice. maybe tiger can select a few for users to choose from. if not, then points which allows users to&nbsp;converts to any shares they want.&nbsp;","text":"$Tiger Brokers(TIGR)$ Shares. but preferably shares of my choice. maybe tiger can select a few for users to choose from. if not, then points which allows users to converts to any shares they want.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":0,"repostSize":30,"link":"https://ttm.financial/post/279963748065568","isVote":1,"tweetType":1,"viewCount":994,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949496982,"gmtCreate":1678803364147,"gmtModify":1678806828518,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"title":"Top 10 dividend stocks?","htmlText":"AT&amp;T (T): AT&amp;T is a telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 7.6%. Verizon Communications (VZ): Verizon is another telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 4.6%. ExxonMobil (XOM): ExxonMobil is an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 5.4%. Chevron (CVX): Chevron is also an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 4.7%. Procter &amp; Gamble (PG): Procter &amp; Gamble is a consumer goods company that produces and sells a variety of household and personal care products. It has","listText":"AT&amp;T (T): AT&amp;T is a telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 7.6%. Verizon Communications (VZ): Verizon is another telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 4.6%. ExxonMobil (XOM): ExxonMobil is an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 5.4%. Chevron (CVX): Chevron is also an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 4.7%. Procter &amp; Gamble (PG): Procter &amp; Gamble is a consumer goods company that produces and sells a variety of household and personal care products. It has","text":"AT&T (T): AT&T is a telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 7.6%. Verizon Communications (VZ): Verizon is another telecommunications company that provides wireless, wireline, and broadband services. It has a dividend yield of around 4.6%. ExxonMobil (XOM): ExxonMobil is an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 5.4%. Chevron (CVX): Chevron is also an oil and gas company that explores, produces, and sells crude oil and natural gas. It has a dividend yield of around 4.7%. Procter & Gamble (PG): Procter & Gamble is a consumer goods company that produces and sells a variety of household and personal care products. It has","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":67,"commentSize":16,"repostSize":0,"link":"https://ttm.financial/post/9949496982","isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035324599,"gmtCreate":1647521344270,"gmtModify":1676534239716,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"please like!","listText":"please like!","text":"please like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035324599","repostId":"1118819022","repostType":4,"repost":{"id":"1118819022","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":1647518731,"share":"https://www.laohu8.com/m/news/1118819022?lang=&edition=full","pubTime":"2022-03-17 20:05","market":"us","language":"en","title":"Pre-Bell｜U.S. Stock Index Futures Slip on Ukraine Jitters; Kremlin Denies Report of Major Progress in Talks","url":"https://stock-news.laohu8.com/highlight/detail?id=1118819022","media":"Tiger Newspress","summary":"U.S. stock index futures edged lower on Thursday as Russia tempered expectations around peace talks ","content":"<html><head></head><body><p>U.S. stock index futures edged lower on Thursday as Russia tempered expectations around peace talks with Ukraine after a Federal Reserve interest rate hike fueled a Wall Street rally a day earlier.</p><p>Signs of progress in the talks to end what Russia calls &#34;a special military operation&#34; had helped global stocks surge this week, but the Kremlin said on Thursday there was no deal yet.</p><p>A Kremlin spokesman said a report of major progress in talks with Ukraine was “wrong” but that discussions will continue on Thursday.</p><p><b>Market Snapshot</b></p><p>At 8:00 a.m. ET, Dow e-minis were down 105 points, or 0.31%, S&amp;P 500 e-minis were down 14 points, or 0.32%, and Nasdaq 100 e-minis were down 54.5 points, or 0.39%.</p><p><img src=\"https://static.tigerbbs.com/76e7bb5e225e61222cce2ca13180e4a4\" tg-width=\"514\" tg-height=\"176\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><a href=\"https://laohu8.com/S/DG\">Dollar General</a> (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store sales fell more than expected. The company also raised its dividend by 31%.</p><p><a href=\"https://laohu8.com/S/ACN\">Accenture PLC</a> (ACN) – Accenture jumped 5.3% in premarket trading after beating top and bottom-line estimates for its latest quarter and forecasting current-quarter revenue above current analyst forecasts. The consulting firm earned $2.54 per share for its most recent quarter, compared with the $2.37 consensus estimate.</p><p><a href=\"https://laohu8.com/S/SIG\">Signet Jewelers</a> (SIG) – The jewelry retailer’s stock surged 7.4% in premarket action after it reported quarterly results. Signet’s adjusted earnings of $5.01 per share matched analyst forecasts, while revenue and same-store sales exceeded estimates. Signet also raised its quarterly dividend to 20 cents from 18 cents.</p><p><a href=\"https://laohu8.com/S/WRBY\">Warby Parker Inc.</a> (WRBY) – Warby shares slumped 13.4% in the premarket after the eyewear retailer forecast 2022 revenue that fell short of consensus. For its latest quarter, Warby Parker reported an adjusted loss of 8 cents per share, 1 cent smaller than expected, with revenue matching analyst forecasts.</p><p><a href=\"https://laohu8.com/S/LEN\">Lennar</a> (LEN) – The homebuilder reported quarterly earnings of $1.69 per share for its fiscal first quarter, missing the $2.60 consensus estimate. Revenue beat analyst forecasts on strong demand and higher prices, but the bottom line was hit by higher costs for materials and labor. Lennar added 1% in premarket trading.</p><p><a href=\"https://laohu8.com/S/WSM\">Williams-Sonoma</a> (WSM) – Williams-Sonoma earned an adjusted $5.42 per share for its latest quarter, beating the $4.82 expected by Wall Street analysts, even as the housewares retailer’s revenue fell slightly short of estimates. The company said it was able to navigate supply chain challenges and material and labor shortages. Williams-Sonoma surged 7.6% in the premarket.</p><p><a href=\"https://laohu8.com/S/PD\">PagerDuty, Inc.</a> (PD) – PagerDuty lost an adjusted 4 cents per share for its latest quarter, 2 cents less than analysts were anticipating, with the digital operations platform provider’s revenue also exceeding Street forecasts. PagerDuty also issued an upbeat revenue forecast, and its stock soared 13.6% in premarket trading.</p><p><a href=\"https://laohu8.com/S/OXY\">Occidental</a> (OXY) –Berkshire Hathaway(BRK.B) bought another 18.1 million shares of Occidental, according to an SEC filing. That brings Berkshire’s holdings in the energy producer to 136.4 million shares, or about a 14.6% stake. Occidental shares rose 3.6% in premarket trading.</p><p><a href=\"https://laohu8.com/S/GES\">Guess</a> (GES) – Guess reported adjusted quarterly earnings of $1.14 per share, one cent below estimates, while the apparel maker’s revenue also fell short of Street forecasts. However, profit margins were better than anticipated, and the stock jumped 4.9% in the premarket.</p><p><b>Market News</b></p><p>U.S. tech giant Microsoft is facing an antitrust complaint filed by three European rivals in the booming cloud computing business, one the plaintiffs said on Thursday.</p><p>Yum China Holdings Inc said on Thursday its board had raised the restaurant chain&#39;s share repurchase plan by $1 billion to $2.4 billion.</p><p>XPeng&#39;s entire model lineup will see price hikes starting March 21, with the P7 going up by RMB 20,000 ($3,152) and the P5 and G3i both going up by RMB 10,000, local media said.</p><p>Alphabet&#39;s Google unit has agreed to a deal to buy Raxium, a startup that develops light-emitting diodes for augmented and mixed reality devices, according to The Information.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜U.S. Stock Index Futures Slip on Ukraine Jitters; Kremlin Denies Report of Major Progress in Talks</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\">\nPre-Bell｜U.S. Stock Index Futures Slip on Ukraine Jitters; Kremlin Denies Report of Major Progress in Talks\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\">2022-03-17 20:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures edged lower on Thursday as Russia tempered expectations around peace talks with Ukraine after a Federal Reserve interest rate hike fueled a Wall Street rally a day earlier.</p><p>Signs of progress in the talks to end what Russia calls &#34;a special military operation&#34; had helped global stocks surge this week, but the Kremlin said on Thursday there was no deal yet.</p><p>A Kremlin spokesman said a report of major progress in talks with Ukraine was “wrong” but that discussions will continue on Thursday.</p><p><b>Market Snapshot</b></p><p>At 8:00 a.m. ET, Dow e-minis were down 105 points, or 0.31%, S&amp;P 500 e-minis were down 14 points, or 0.32%, and Nasdaq 100 e-minis were down 54.5 points, or 0.39%.</p><p><img src=\"https://static.tigerbbs.com/76e7bb5e225e61222cce2ca13180e4a4\" tg-width=\"514\" tg-height=\"176\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><a href=\"https://laohu8.com/S/DG\">Dollar General</a> (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store sales fell more than expected. The company also raised its dividend by 31%.</p><p><a href=\"https://laohu8.com/S/ACN\">Accenture PLC</a> (ACN) – Accenture jumped 5.3% in premarket trading after beating top and bottom-line estimates for its latest quarter and forecasting current-quarter revenue above current analyst forecasts. The consulting firm earned $2.54 per share for its most recent quarter, compared with the $2.37 consensus estimate.</p><p><a href=\"https://laohu8.com/S/SIG\">Signet Jewelers</a> (SIG) – The jewelry retailer’s stock surged 7.4% in premarket action after it reported quarterly results. Signet’s adjusted earnings of $5.01 per share matched analyst forecasts, while revenue and same-store sales exceeded estimates. Signet also raised its quarterly dividend to 20 cents from 18 cents.</p><p><a href=\"https://laohu8.com/S/WRBY\">Warby Parker Inc.</a> (WRBY) – Warby shares slumped 13.4% in the premarket after the eyewear retailer forecast 2022 revenue that fell short of consensus. For its latest quarter, Warby Parker reported an adjusted loss of 8 cents per share, 1 cent smaller than expected, with revenue matching analyst forecasts.</p><p><a href=\"https://laohu8.com/S/LEN\">Lennar</a> (LEN) – The homebuilder reported quarterly earnings of $1.69 per share for its fiscal first quarter, missing the $2.60 consensus estimate. Revenue beat analyst forecasts on strong demand and higher prices, but the bottom line was hit by higher costs for materials and labor. Lennar added 1% in premarket trading.</p><p><a href=\"https://laohu8.com/S/WSM\">Williams-Sonoma</a> (WSM) – Williams-Sonoma earned an adjusted $5.42 per share for its latest quarter, beating the $4.82 expected by Wall Street analysts, even as the housewares retailer’s revenue fell slightly short of estimates. The company said it was able to navigate supply chain challenges and material and labor shortages. Williams-Sonoma surged 7.6% in the premarket.</p><p><a href=\"https://laohu8.com/S/PD\">PagerDuty, Inc.</a> (PD) – PagerDuty lost an adjusted 4 cents per share for its latest quarter, 2 cents less than analysts were anticipating, with the digital operations platform provider’s revenue also exceeding Street forecasts. PagerDuty also issued an upbeat revenue forecast, and its stock soared 13.6% in premarket trading.</p><p><a href=\"https://laohu8.com/S/OXY\">Occidental</a> (OXY) –Berkshire Hathaway(BRK.B) bought another 18.1 million shares of Occidental, according to an SEC filing. That brings Berkshire’s holdings in the energy producer to 136.4 million shares, or about a 14.6% stake. Occidental shares rose 3.6% in premarket trading.</p><p><a href=\"https://laohu8.com/S/GES\">Guess</a> (GES) – Guess reported adjusted quarterly earnings of $1.14 per share, one cent below estimates, while the apparel maker’s revenue also fell short of Street forecasts. However, profit margins were better than anticipated, and the stock jumped 4.9% in the premarket.</p><p><b>Market News</b></p><p>U.S. tech giant Microsoft is facing an antitrust complaint filed by three European rivals in the booming cloud computing business, one the plaintiffs said on Thursday.</p><p>Yum China Holdings Inc said on Thursday its board had raised the restaurant chain&#39;s share repurchase plan by $1 billion to $2.4 billion.</p><p>XPeng&#39;s entire model lineup will see price hikes starting March 21, with the P7 going up by RMB 20,000 ($3,152) and the P5 and G3i both going up by RMB 10,000, local media said.</p><p>Alphabet&#39;s Google unit has agreed to a deal to buy Raxium, a startup that develops light-emitting diodes for augmented and mixed reality devices, according to The Information.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118819022","content_text":"U.S. stock index futures edged lower on Thursday as Russia tempered expectations around peace talks with Ukraine after a Federal Reserve interest rate hike fueled a Wall Street rally a day earlier.Signs of progress in the talks to end what Russia calls \"a special military operation\" had helped global stocks surge this week, but the Kremlin said on Thursday there was no deal yet.A Kremlin spokesman said a report of major progress in talks with Ukraine was “wrong” but that discussions will continue on Thursday.Market SnapshotAt 8:00 a.m. ET, Dow e-minis were down 105 points, or 0.31%, S&P 500 e-minis were down 14 points, or 0.32%, and Nasdaq 100 e-minis were down 54.5 points, or 0.39%.Pre-Market MoversDollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store sales fell more than expected. The company also raised its dividend by 31%.Accenture PLC (ACN) – Accenture jumped 5.3% in premarket trading after beating top and bottom-line estimates for its latest quarter and forecasting current-quarter revenue above current analyst forecasts. The consulting firm earned $2.54 per share for its most recent quarter, compared with the $2.37 consensus estimate.Signet Jewelers (SIG) – The jewelry retailer’s stock surged 7.4% in premarket action after it reported quarterly results. Signet’s adjusted earnings of $5.01 per share matched analyst forecasts, while revenue and same-store sales exceeded estimates. Signet also raised its quarterly dividend to 20 cents from 18 cents.Warby Parker Inc. (WRBY) – Warby shares slumped 13.4% in the premarket after the eyewear retailer forecast 2022 revenue that fell short of consensus. For its latest quarter, Warby Parker reported an adjusted loss of 8 cents per share, 1 cent smaller than expected, with revenue matching analyst forecasts.Lennar (LEN) – The homebuilder reported quarterly earnings of $1.69 per share for its fiscal first quarter, missing the $2.60 consensus estimate. Revenue beat analyst forecasts on strong demand and higher prices, but the bottom line was hit by higher costs for materials and labor. Lennar added 1% in premarket trading.Williams-Sonoma (WSM) – Williams-Sonoma earned an adjusted $5.42 per share for its latest quarter, beating the $4.82 expected by Wall Street analysts, even as the housewares retailer’s revenue fell slightly short of estimates. The company said it was able to navigate supply chain challenges and material and labor shortages. Williams-Sonoma surged 7.6% in the premarket.PagerDuty, Inc. (PD) – PagerDuty lost an adjusted 4 cents per share for its latest quarter, 2 cents less than analysts were anticipating, with the digital operations platform provider’s revenue also exceeding Street forecasts. PagerDuty also issued an upbeat revenue forecast, and its stock soared 13.6% in premarket trading.Occidental (OXY) –Berkshire Hathaway(BRK.B) bought another 18.1 million shares of Occidental, according to an SEC filing. That brings Berkshire’s holdings in the energy producer to 136.4 million shares, or about a 14.6% stake. Occidental shares rose 3.6% in premarket trading.Guess (GES) – Guess reported adjusted quarterly earnings of $1.14 per share, one cent below estimates, while the apparel maker’s revenue also fell short of Street forecasts. However, profit margins were better than anticipated, and the stock jumped 4.9% in the premarket.Market NewsU.S. tech giant Microsoft is facing an antitrust complaint filed by three European rivals in the booming cloud computing business, one the plaintiffs said on Thursday.Yum China Holdings Inc said on Thursday its board had raised the restaurant chain's share repurchase plan by $1 billion to $2.4 billion.XPeng's entire model lineup will see price hikes starting March 21, with the P7 going up by RMB 20,000 ($3,152) and the P5 and G3i both going up by RMB 10,000, local media said.Alphabet's Google unit has agreed to a deal to buy Raxium, a startup that develops light-emitting diodes for augmented and mixed reality devices, according to The Information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830739340,"gmtCreate":1629097311280,"gmtModify":1676529928651,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>&nbsp;bought some. Will be holding this","listText":"<a href=\"https://laohu8.com/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>&nbsp;bought some. Will be holding this","text":"$Nanofilm(MZH.SI)$ bought some. Will be holding this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/830739340","isVote":1,"tweetType":1,"viewCount":850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9083369934,"gmtCreate":1650073183062,"gmtModify":1676534640964,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>&nbsp;fintech is the way","listText":"<a href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>&nbsp;fintech is the way","text":"$ARK Fintech Innovation ETF(ARKF)$ fintech is the way","images":[{"img":"https://community-static.tradeup.com/news/0bcceecc268b11880a336cb5c36c0699","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083369934","isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9017301397,"gmtCreate":1649741015968,"gmtModify":1676534562158,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"oh no... pls like","listText":"oh no... pls like","text":"oh no... pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017301397","repostId":"2226222638","repostType":4,"repost":{"id":"2226222638","pubTimestamp":1649733450,"share":"https://www.laohu8.com/m/news/2226222638?lang=&edition=full","pubTime":"2022-04-12 11:17","market":"us","language":"en","title":"20 High-Volatility Stocks You Might Want to Avoid in a Hair-Trigger Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2226222638","media":"MarketWatch","summary":"Most are disruptive innovators with share prices that are especially threatened as interest rates ri","content":"<html><head></head><body><p>Most are disruptive innovators with share prices that are especially threatened as interest rates rise</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/699539d42c6a697143a4de3dbf3a6a97\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"/><span>These are four of the most volatile stocks in the Russell 1000 Index.  MarketWatch/Getty Images</span></p><p>Many technology stocks have gotten crushed in the high-inflation, rising-interest-rate environment of 2022. Some may have further to fall.</p><p>Investors with shorter-term horizons may wish to steer clear of more volatile, innovative companies, despite outperformance during the pandemic.</p><p>Those include 20 of the larger high-volatility names among the Russell 1000 Index are listed below.</p><p><b>Highly valued stocks get punished</b></p><p>Disruptive innovation is an investing style that grew popular during 2020, when so many companies selected by money managers under that type of strategy soared.</p><p>But the strategy has had difficult times since then. Now, with investors so sensitive to any signal about higher interest rates from the Federal Reserve, those volatile stocks may be best to avoid, even after significant declines.</p><p>Here&#39;s a chart showing the total return of Cathie Wood&#39;s Ark Innovation Pacer Swan SOS Fund of Funds ETF (ARKK), the poster child for such stocks,  since the end of 2019:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7116f24ca94b5189b64241b57c6caaa3\" tg-width=\"700\" tg-height=\"552\" width=\"100%\" height=\"auto\"/><span>FactSet</span></p><p>That&#39;s quite a fall to Earth. Back in December, Wood famously doubled-down on her strategy, saying stocks she was holding had fallen into &#34;deep value territory.&#34; She added that her strategy &#34;could deliver a 30%-40% compound annual rate of return during the next five years.&#34;</p><p>That was before ARKK dropped another 36% during 2022 through April 8. Wood may be correct that her style will do well over the very long term. But for investors who worry about the rest of 2022, the story may turn even uglier.</p><p><b>Why rising interest rates hurt disruptive innovators so badly</b></p><p>Inflation was already high during 2021, which caused investors to anticipate a change in Federal Reserve policy leading to a cycle of rising interest rates. That anticipation reversed course for many tech or innovative stocks trading high to estimated earnings.</p><p>We&#39;re seeing more of it this year. The Fed only switched course  in March when it raised the target range for the federal funds rate. The central bank hasn&#39;t yet announced a reduction of its bond holdings, which held long-term rates low during 2020 and 2021. Still, the yield on 10-year U.S. Treasury notes  has increased to 2.75% from 1.51% at the end of last year.</p><p>&#34;The market has already baked in two years of expected interest-rate increases,&#34; said Robert Barone, a portfolio manager with Fourstar Wealth Advisors of Chicago.</p><p>Of course, we cannot know how long the Federal Reserve&#39;s round of actual interest-rate increases and bond-portfolio reduction will last, but Barone thinks some people are in for a surprise. When the Fed previously tightened monetary policy during 2018, &#34;they didn&#39;t get very far until they drained some liquidity and the financial markets revolted.&#34;</p><p>Kimball Brooker, who co-heads the Global Value Team at First Eagle Investments in New York, said a rising-rate environment can be especially hard on disruptive innovators because they tend to have &#34;cash flow way out in the future that you are discounting today.&#34;</p><p>&#34;If you raise rates today, the discounts to future cash flows are higher,&#34; Brooker said.</p><p><b>Screen of high-volatility stocks</b></p><p>This twitter posting sets the stage:</p><p>It&#39;s a tough year for tech. To look forward, we began with the Russell 1000 Index , because it includes many tech companies with high market capitalizations that aren&#39;t yet included in the S&amp;P 500  or other S&amp;P indexes. We narrowed the list to the 644 with market capitalization of at least $10 billion as of Dec. 31. We then sorted the list by 12-month beta against the Russell 1000 Index.</p><p>A stock&#39;s beta is a measure of volatility against an index, whose beta is considered 1.</p><p>Here are the 20 stocks among the 644 with the highest 12-month beta through April 8:</p><p><img src=\"https://static.tigerbbs.com/53ce0ec87581ca3391585f9ee78e0953\" tg-width=\"1097\" tg-height=\"820\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/ea9a107bfabbf7aa0c5bf514a50302f1\" tg-width=\"1096\" tg-height=\"597\" width=\"100%\" height=\"auto\"/></p><p>The table includes forward price-to-earnings ratios, which aren’t available for many of the companies, because the consensus earnings estimates for the next 12 months among analysts polled by FactSet are expected to be negative. In comparison, the forward P/E ratio for the iShares Russell 1000 ETF is 20.8.</p></body></html>","source":"lsy1603348471595","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>20 High-Volatility Stocks You Might Want to Avoid in a Hair-Trigger Market</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\">\n20 High-Volatility Stocks You Might Want to Avoid in a Hair-Trigger Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/20-high-volatility-stocks-you-might-want-to-avoid-in-a-hair-trigger-market-11649693652?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Most are disruptive innovators with share prices that are especially threatened as interest rates riseThese are four of the most volatile stocks in the Russell 1000 Index.  MarketWatch/Getty ...</p>\n\n<a href=\"https://www.marketwatch.com/story/20-high-volatility-stocks-you-might-want-to-avoid-in-a-hair-trigger-market-11649693652?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","DDOG":"Datadog","CVNA":"Carvana Co.","OLPX":"Olaplex Holdings, Inc.","SQ":"Block","TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc.","DOCU":"Docusign","U":"Unity Software Inc.","UPST":"Upstart Holdings, Inc.","SNOW":"Snowflake","FWRG":"First Watch Restaurant Group, Inc.","NVDA":"英伟达","DKNG":"DraftKings Inc.","BOLT":"Bolt Biotherapeutics, Inc.","MDB":"MongoDB Inc.","WOLF":"Wolfspeed Inc.","NET":"Cloudflare, Inc.","GFS":"GLOBALFOUNDRIES Inc.","ARKK":"ARK Innovation ETF","ON":"安森美半导体","HCTI":"Healthcare Triangle, Inc.","BK4581":"高盛持仓","BILL":"BILL HOLDINGS INC","DASH":"DoorDash, Inc.","HUBS":"HubSpot","BK4565":"NFT概念","TTD":"Trade Desk Inc."},"source_url":"https://www.marketwatch.com/story/20-high-volatility-stocks-you-might-want-to-avoid-in-a-hair-trigger-market-11649693652?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2226222638","content_text":"Most are disruptive innovators with share prices that are especially threatened as interest rates riseThese are four of the most volatile stocks in the Russell 1000 Index.  MarketWatch/Getty ImagesMany technology stocks have gotten crushed in the high-inflation, rising-interest-rate environment of 2022. Some may have further to fall.Investors with shorter-term horizons may wish to steer clear of more volatile, innovative companies, despite outperformance during the pandemic.Those include 20 of the larger high-volatility names among the Russell 1000 Index are listed below.Highly valued stocks get punishedDisruptive innovation is an investing style that grew popular during 2020, when so many companies selected by money managers under that type of strategy soared.But the strategy has had difficult times since then. Now, with investors so sensitive to any signal about higher interest rates from the Federal Reserve, those volatile stocks may be best to avoid, even after significant declines.Here's a chart showing the total return of Cathie Wood's Ark Innovation Pacer Swan SOS Fund of Funds ETF (ARKK), the poster child for such stocks,  since the end of 2019:FactSetThat's quite a fall to Earth. Back in December, Wood famously doubled-down on her strategy, saying stocks she was holding had fallen into \"deep value territory.\" She added that her strategy \"could deliver a 30%-40% compound annual rate of return during the next five years.\"That was before ARKK dropped another 36% during 2022 through April 8. Wood may be correct that her style will do well over the very long term. But for investors who worry about the rest of 2022, the story may turn even uglier.Why rising interest rates hurt disruptive innovators so badlyInflation was already high during 2021, which caused investors to anticipate a change in Federal Reserve policy leading to a cycle of rising interest rates. That anticipation reversed course for many tech or innovative stocks trading high to estimated earnings.We're seeing more of it this year. The Fed only switched course  in March when it raised the target range for the federal funds rate. The central bank hasn't yet announced a reduction of its bond holdings, which held long-term rates low during 2020 and 2021. Still, the yield on 10-year U.S. Treasury notes  has increased to 2.75% from 1.51% at the end of last year.\"The market has already baked in two years of expected interest-rate increases,\" said Robert Barone, a portfolio manager with Fourstar Wealth Advisors of Chicago.Of course, we cannot know how long the Federal Reserve's round of actual interest-rate increases and bond-portfolio reduction will last, but Barone thinks some people are in for a surprise. When the Fed previously tightened monetary policy during 2018, \"they didn't get very far until they drained some liquidity and the financial markets revolted.\"Kimball Brooker, who co-heads the Global Value Team at First Eagle Investments in New York, said a rising-rate environment can be especially hard on disruptive innovators because they tend to have \"cash flow way out in the future that you are discounting today.\"\"If you raise rates today, the discounts to future cash flows are higher,\" Brooker said.Screen of high-volatility stocksThis twitter posting sets the stage:It's a tough year for tech. To look forward, we began with the Russell 1000 Index , because it includes many tech companies with high market capitalizations that aren't yet included in the S&P 500  or other S&P indexes. We narrowed the list to the 644 with market capitalization of at least $10 billion as of Dec. 31. We then sorted the list by 12-month beta against the Russell 1000 Index.A stock's beta is a measure of volatility against an index, whose beta is considered 1.Here are the 20 stocks among the 644 with the highest 12-month beta through April 8:The table includes forward price-to-earnings ratios, which aren’t available for many of the companies, because the consensus earnings estimates for the next 12 months among analysts polled by FactSet are expected to be negative. In comparison, the forward P/E ratio for the iShares Russell 1000 ETF is 20.8.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9015757960,"gmtCreate":1649557716790,"gmtModify":1676534529955,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>&nbsp;any lower?&nbsp;","listText":"<a href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>&nbsp;any lower?&nbsp;","text":"$ARK Fintech Innovation ETF(ARKF)$ any lower?","images":[{"img":"https://community-static.tradeup.com/news/cebb7ce4deab550e922b1a9d81aae66f","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9015757960","isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9911619505,"gmtCreate":1664192150407,"gmtModify":1676537406720,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"far from it","listText":"far from it","text":"far from it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9911619505","repostId":"1154262778","repostType":2,"repost":{"id":"1154262778","pubTimestamp":1664205477,"share":"https://www.laohu8.com/m/news/1154262778?lang=&edition=full","pubTime":"2022-09-26 23:17","market":"us","language":"en","title":"If Not The Bottom, Then What?","url":"https://stock-news.laohu8.com/highlight/detail?id=1154262778","media":"Seeking Alpha","summary":"SummaryLeading central bank interest rates, set by to fight inflation, are attempting to peak in the","content":"<html><head></head><body><h3>Summary</h3><ul><li>Leading central bank interest rates, set by to fight inflation, are attempting to peak in the near future.</li><li>With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.</li><li>Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns.</li></ul><h3>Caveat</h3><p>We admit we don’t know what the future holds for us. I am falling back on my instinct to view things as bets with their own uncertain odds.</p><h3>Investment Markets Decline on September 23rd</h3><p>Leading central bank interest rates, sertt by to fight inflation, are attempting to peak in the near future. (My guess is that they won’t be successful at current levels until they switch from attempting to reduce demand to increasing supply, which is more difficult.) With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.</p><p>The battle against industrial goods inflation may be close to won, with the year-over-year change in the JOC-ECRI industrial price at -9.69%, gasoline demand down almost -8%, and distillates down about -16%. (I think it is going to be more difficult to address inflation in services, which is mostly comprised of wages for talented people.) Furthermore, food prices are much more dependent on the global decline in land use and availability.</p><p>As usual, the high-quality fixed-income markets are more advanced than the equity markets.</p><p>Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns. While the Dow Jones Industrial Average established a new low for the year, the S&amp;P 500 was the third-lowest, and the Nasdaq the fifth-lowest. Considering the latter two indices had greater gains, the fall of the DJIA is less impressive. While there was an increase in transaction volume from a low base, it was not impressive. There are no signs of mass capitulation at public or institutional levels.</p><h3>Outlook</h3><p>There are four possible paths forward. In order of time, magnitude and pain, they are:</p><p>A bear market without a recession has happened a few times and is largely a price correction. We are closing in on that.</p><p>A cyclical recession is usually driven by commodity prices or other supply issues. This is satisfactorily addressed in a few years.</p><p>A structural recession due to systemic imbalances of power and leadership requires major changes, which drastically alter society. Depending on the level of violence, it can take many years.</p><p>Stagflation, where a portion of the society/economy sacrifices involuntarily to the other until there is a counter-revolutionary force. There is usually a period of mismanagement and legal turmoil. We have experienced two periods like this in the past beginning in the 1930s and 1970s.</p><p>Each alternative is possible. Prudent investors should make up their own minds as to what is probable for their beneficiaries and careers. (To be discussed later.)</p><p>Before choosing your expected future, there is a new threat and lesson which surfaced this week.</p><h3>London’s Future Lesson and Threat</h3><p>This week, the brand-new Prime Minister announced a very expensive plan of pump-priming and tax reduction for individuals. The reaction of the London investment market and currency was shock and fear. The former US Secretary of Treasury and former President of Harvard summed up the view of many on both sides of the Atlantic that these were “the worst possible policies”.</p><p>There are two lessons for the US from these policies which march down the same road as the current US administration.</p><p>The lesson for US and other investors is that the value of one’s currency shapes the willingness of foreigners to invest in the currency. The independent Bank of England, their central bank, raised interest rates by 100 basis points earlier in the week before this announcement. On Friday, there was a call for the BOE to immediately raise rates another 100 basis points.</p><p>This controversy is important for the US with its highly rated currency, which somewhat ironically had the second-biggest gain for the week, according to The Wall Street Journal. (The only currency that had a bigger gain was the Russian ruble, +4.54% vs.+2.57%.)</p><p>Investors, traders, and customers look at the currency behind the source of earnings in today’s currency markets. We are all familiar with the “Petrodollar”, which is based on the earnings derived from petroleum production and sale. To some degree, the tag of Petrodollar has also been placed on the currencies of Russia and Canada, among others, in addition to various Middle Eastern countries.</p><p>While it hasn’t been popularly done before, I believe we may now see a financial pound label placed on the British currency. A major part of its earnings come from its transaction markets and multinationals headquartered in the UK with export earnings, as well as contributions from my wife at her favorite shopping location.</p><p>We should watch what happens in the UK as an indication of a possible trend for the US.</p><h3>Investing Equity Reserves</h3><p>Last week’s blog suggested a tactical plan to reinvest reserves coming from equity investments, or from cash flows to be invested in equities.</p><p>Investors will be benefit from dollar-cost averaging, no matter which frequency is used. They will also benefit from the selection of one of the four alternative futures outlined above.</p><p>The most important long-term decision regarding the ultimate value of the account is to not get too comfortable with cash reserves while interest rates earn single-digit returns. This will be costly, as stock markets go up as rates come down, resulting in some principal loss. More important, time not invested in equities at low prices will be lost. For taxable investors, the difference in taxes on interest and gains can be meaningful, particularly in well-constructed estates.</p><p>In making choices where time horizon is appropriate for your investments, I expect the last two scenarios to be the most likely, based on today’s information. For example, Walmart (WMT) is not building inventory and staff for the holiday season. Their shoppers, for the most part, are modest-income, savvy buyers. If Walmart is not expecting a good holiday season for itself, one should question how quickly inflation will drop below 5%.</p><p>Typically, a well-known name disappears from the marketplace due to severe financial trouble. None has so far, but you might see a rescue merger or court action.</p><p>I have no inside information, but I am concerned that reported earnings and, more importantly, values are overstated for the current economy, making market valuations questionable. One such possible company is Credit Suisse (CS). The pundits are quoting it as selling for almost 20% of book value! I am sure this is not a singular situation.</p><p>Please share your views.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Not The Bottom, Then What?</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\">\nIf Not The Bottom, Then What?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-26 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4543053-if-not-bottom-then-what><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryLeading central bank interest rates, set by to fight inflation, are attempting to peak in the near future.With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-...</p>\n\n<a href=\"https://seekingalpha.com/article/4543053-if-not-bottom-then-what\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4543053-if-not-bottom-then-what","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154262778","content_text":"SummaryLeading central bank interest rates, set by to fight inflation, are attempting to peak in the near future.With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns.CaveatWe admit we don’t know what the future holds for us. I am falling back on my instinct to view things as bets with their own uncertain odds.Investment Markets Decline on September 23rdLeading central bank interest rates, sertt by to fight inflation, are attempting to peak in the near future. (My guess is that they won’t be successful at current levels until they switch from attempting to reduce demand to increasing supply, which is more difficult.) With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.The battle against industrial goods inflation may be close to won, with the year-over-year change in the JOC-ECRI industrial price at -9.69%, gasoline demand down almost -8%, and distillates down about -16%. (I think it is going to be more difficult to address inflation in services, which is mostly comprised of wages for talented people.) Furthermore, food prices are much more dependent on the global decline in land use and availability.As usual, the high-quality fixed-income markets are more advanced than the equity markets.Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns. While the Dow Jones Industrial Average established a new low for the year, the S&P 500 was the third-lowest, and the Nasdaq the fifth-lowest. Considering the latter two indices had greater gains, the fall of the DJIA is less impressive. While there was an increase in transaction volume from a low base, it was not impressive. There are no signs of mass capitulation at public or institutional levels.OutlookThere are four possible paths forward. In order of time, magnitude and pain, they are:A bear market without a recession has happened a few times and is largely a price correction. We are closing in on that.A cyclical recession is usually driven by commodity prices or other supply issues. This is satisfactorily addressed in a few years.A structural recession due to systemic imbalances of power and leadership requires major changes, which drastically alter society. Depending on the level of violence, it can take many years.Stagflation, where a portion of the society/economy sacrifices involuntarily to the other until there is a counter-revolutionary force. There is usually a period of mismanagement and legal turmoil. We have experienced two periods like this in the past beginning in the 1930s and 1970s.Each alternative is possible. Prudent investors should make up their own minds as to what is probable for their beneficiaries and careers. (To be discussed later.)Before choosing your expected future, there is a new threat and lesson which surfaced this week.London’s Future Lesson and ThreatThis week, the brand-new Prime Minister announced a very expensive plan of pump-priming and tax reduction for individuals. The reaction of the London investment market and currency was shock and fear. The former US Secretary of Treasury and former President of Harvard summed up the view of many on both sides of the Atlantic that these were “the worst possible policies”.There are two lessons for the US from these policies which march down the same road as the current US administration.The lesson for US and other investors is that the value of one’s currency shapes the willingness of foreigners to invest in the currency. The independent Bank of England, their central bank, raised interest rates by 100 basis points earlier in the week before this announcement. On Friday, there was a call for the BOE to immediately raise rates another 100 basis points.This controversy is important for the US with its highly rated currency, which somewhat ironically had the second-biggest gain for the week, according to The Wall Street Journal. (The only currency that had a bigger gain was the Russian ruble, +4.54% vs.+2.57%.)Investors, traders, and customers look at the currency behind the source of earnings in today’s currency markets. We are all familiar with the “Petrodollar”, which is based on the earnings derived from petroleum production and sale. To some degree, the tag of Petrodollar has also been placed on the currencies of Russia and Canada, among others, in addition to various Middle Eastern countries.While it hasn’t been popularly done before, I believe we may now see a financial pound label placed on the British currency. A major part of its earnings come from its transaction markets and multinationals headquartered in the UK with export earnings, as well as contributions from my wife at her favorite shopping location.We should watch what happens in the UK as an indication of a possible trend for the US.Investing Equity ReservesLast week’s blog suggested a tactical plan to reinvest reserves coming from equity investments, or from cash flows to be invested in equities.Investors will be benefit from dollar-cost averaging, no matter which frequency is used. They will also benefit from the selection of one of the four alternative futures outlined above.The most important long-term decision regarding the ultimate value of the account is to not get too comfortable with cash reserves while interest rates earn single-digit returns. This will be costly, as stock markets go up as rates come down, resulting in some principal loss. More important, time not invested in equities at low prices will be lost. For taxable investors, the difference in taxes on interest and gains can be meaningful, particularly in well-constructed estates.In making choices where time horizon is appropriate for your investments, I expect the last two scenarios to be the most likely, based on today’s information. For example, Walmart (WMT) is not building inventory and staff for the holiday season. Their shoppers, for the most part, are modest-income, savvy buyers. If Walmart is not expecting a good holiday season for itself, one should question how quickly inflation will drop below 5%.Typically, a well-known name disappears from the marketplace due to severe financial trouble. None has so far, but you might see a rescue merger or court action.I have no inside information, but I am concerned that reported earnings and, more importantly, values are overstated for the current economy, making market valuations questionable. One such possible company is Credit Suisse (CS). The pundits are quoting it as selling for almost 20% of book value! I am sure this is not a singular situation.Please share your views.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909984679,"gmtCreate":1658798522291,"gmtModify":1676536209401,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>diver&nbsp;[Glance]&nbsp;","listText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>diver&nbsp;[Glance]&nbsp;","text":"$Nanofilm(MZH.SI)$diver [Glance]","images":[{"img":"https://community-static.tradeup.com/news/803f4a942fb38836538619328739c293","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9909984679","isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9056651047,"gmtCreate":1655006626289,"gmtModify":1676535547629,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>[Spurting]&nbsp;","listText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>[Spurting]&nbsp;","text":"$Nanofilm(MZH.SI)$[Spurting]","images":[{"img":"https://community-static.tradeup.com/news/67d56a52f0dd7de77efdc5402068f258","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9056651047","isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9016578022,"gmtCreate":1649210926844,"gmtModify":1676534471521,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"HODL","listText":"HODL","text":"HODL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016578022","repostId":"1125625332","repostType":4,"repost":{"id":"1125625332","pubTimestamp":1649210461,"share":"https://www.laohu8.com/m/news/1125625332?lang=&edition=full","pubTime":"2022-04-06 10:01","market":"us","language":"en","title":"Nvidia Stock Forecast: What To Watch For After GTC 2022 Event","url":"https://stock-news.laohu8.com/highlight/detail?id=1125625332","media":"Seeking Alpha","summary":"SummaryNvidia is a terrific company and continues to execute well as can be seen from the Company's ","content":"<html><head></head><body><p>Summary</p><ul><li>Nvidia is a terrific company and continues to execute well as can be seen from the Company&#39;s recent GTC and Investor Day events.</li><li>However, the company&#39;s TAM narrative, which investors may be hoping supports the high valuation, is not credible.</li><li>This article discusses the positives and negatives out of the investor day event.</li></ul><p>Nvidia (NASDAQ:NVDA) had very successful GTC and Investor Day events recently. The stock has run up significantly as investors found the events and the company narrative exciting. As such, there is little doubt that Nvidia is a terrific company and continues to execute well on the technology front and continues to raise the bar.</p><p>The highlights for the day were its two key chip announcements – Hopper datacenter GPU and Grace ARM-based CPU. The company also made several very nice system-level announcements. This article will not get into depth on technology, but instead focus on the investor and the management narrative – especially about the TAM.</p><p>Hopper Is A Strong GPU</p><p>The biggest highlight was Hopper, a much anticipated next-generation data center GPU.</p><p>Hopper uses the cutting-edge TSMC (TSM) N4 process (widely referred to as 4nm). This is a surprise as the previous expectations were for Nvidia to use TSMC N5 (or 5nm) process. Note that Nvidia has traditionally not pushed the process technology and mostly released products using older processes. Nvidia of the past would not even have used N5 but a cheaper process. It is clear that the Company is starting to feel the heat from competitors including Advanced Micro Devices (AMD) and in-house solutions from Google (GOOG) (GOOGL) and Amazon (AMZN). In particular, AMD continues to come from behind and close the GPU technology gap with Nvidia. Note that AMD’s Aldebaran GPUs last year bested Nvidia Ampere specifications in several aspects. In this aspect, we have to give credit to Nvidia for moving quickly and not falling asleep at the wheel like Intel (INTC). Remember that when AMD accelerated its CPU roadmap, Intel stuck with its inferior internal process and did not move to the most advanced TSMC process thus yielding ground to AMD that it should not have.</p><p>Even using the N4 process, Nvidia maximized the die size. At 800+ mm2, it is close to reticle size. What this large die size means is that this GPU, while performing well, will be expensive to manufacture. If AMD can deliver comparable performance with CDNA3, then Nvidia is likely to be under tremendous cost pressure. On the upside, it is possible that Nvidia surprised AMD with the N4 process. Time will tell how the Nvidia and AMD competition will play out in the Hopper versus CDNA3 generation.</p><p>Grace is More Hype Than Substance</p><p>Nvidia also unveiled some details about its upcoming Grace CPU.</p><p>This CPU, set for H1 2023 release, has 72 functional cores per chip and 144 cores for the “super chip” which consists of packaging two dies or chips together. At 72 cores, Grace is not much of an improvement over AMD’s Rome and Milan generations which have 64 cores per chip. The performance data from the image also suggests that, surprisingly, even the 144 core Grace is in a class similar to Milan. Note that AMD is expected to have its 128 core Bergamo chip by the time Grace launches. Nvidia may have some surprises ahead, but, unless Grace’s performance data is off by almost 100%, it seems unlikely that Nvidia’s solution will be competitive with Bergamo in 2023.</p><p>Nvidia also announced that it will be creating a chip that combines Grace with Hopper (see image below). AMD is also rumored to have a similar CPU plus GPU solution for the HPC and data center spaces in 2023. While Nvidia’s chips use NV Link interconnect, AMD’s chips will likely use its next-generation Infinity Fabric interconnect.</p><p>Grace will allow Nvidia to bundle its own CPU and GPUs together for several niche applications in the HPC space. Given that several CSPs are developing their own ARM CPUs, it is unclear what role Grace will have to play outside of niche applications. Volume deployment seems unlikely.</p><p>Nvidia Is Also Going The Semi-custom Route</p><p>A strong recent trend has been that semiconductor vendors are starting to go after semi-custom business to accommodate CSPs who are starting to develop their own solutions. The idea behind the semi-custom path is to create solutions that blend chip company IP with customer IP to develop solutions that these high-volume CSPs desire.</p><p>Semi-custom business tends to be a lower-margin business and is not something that Nvidia’s CEO Jensen Huang likes. Nvidia has, for the first time we can remember, announced that it too is going down this path.</p><p>There are a few headwinds for Nvidia on this path. The first is that Nvidia is historically not set up for this type of business. Secondly, NV Link is seen as a proprietary interconnect and many CSPs will be reluctant to go down that path. Thirdly, Nvidia could be a bit handicapped here due to the lack of FPGA IP – something that AMD believes data center customers want and something which AMD and Intel own.</p><p>TAM Hype Is Not Credible</p><p>Beyond what is discussed above, management also talked about the new Spectrum 4 400G Ethernet Switch from the Mellanox division, an improved NV Link switch, and updated system and software solutions. All things considered; it is safe to say that Nvidia had a terrific technology presentation.</p><p>The problem with Nvidia’s pitch was mostly regarding management hype about the $1T TAM that Nvidia now addresses.</p><p>While there is no denying that Nvidia’s prospects in the space are good, the growth rates shown here are unsustainable. The frothy $10B number from the last year that was fueled by COVID dynamics, crypto bubble, and FED-driven liquidity is a long way from a $300B TAM that management claims. In the near term, there is even a tangible risk that the TAM may shrink as the current spending bubble bursts. Longer-term, while the data center business will continue to grow, management projected TAM appears hugely overstated.</p><p>The enterprise future also is based on unrealistic expectations. While there is no doubt that many companies will increase their cloud spending over time, the reality is that in enterprises, the IT spend is, and will continue to be, dominated by the client-side. This is simply a matter of deployment economics. For a single server, there are many clients. The sheer ratio of clients to servers tips the IT budgets in clients’ favor.</p><p>On the gaming front, market researchers have not found any meaningful uptick in gaming PC AIB business over the last decade. If anything, the unit growth has been slightly negative. Nvidia disclosed that ASPs increased at a rate of 13% per year for the last five years while the units have increased by 11% per year. In other words, the primary growth driver was ASP growth. The ASP growth and unit growth numbers are almost entirely driven by crypto which the Company fails to mention as the growth driver. With Ethereum Proof Of Stake likely imminent, with the world entering a post-COVID economy, with AMD gaming GPUs becoming stronger, and with Intel entering the GPU space, the growth narrative for this segment is entirely dubious.</p><p>The narrative on professional visualization is also questionable as that business too seems to have been driven more by crypto than Omniverse or any other emerging areas.</p><p>As far as software goes, Nvidia wants to expand its business model into its partner’s space. But, if the software partners have strong chip-level solutions from competitors like AMD, will they continue to push Nvidia solutions?</p><p>The point is that Nvidia is projecting a massive TAM and big growth based on questionable moat while annoying its software partners. This may not play out so well for Nvidia.</p><p>The growth on the automotive front is also very much in doubt. While there is no doubt that Nvidia has done very well in this segment so far, note that these are all early-stage design wins when the market is small. As always happens with technology, mass adoption does not occur until the prices of the new technologies drop significantly. The reality is that autonomous technologies have yet to be proven at scale. By the time these technologies are proven, the value of the semiconductors involved in these applications will be much smaller than what Nvidia dreams.</p><p>The problem with Nvidia’s narrative continues to be that its revenue growth and more importantly its cash flow growth (image below) are being driven by transient COVID and crypto mining dynamics.</p><p><img src=\"https://static.tigerbbs.com/1c072e15c41aca454ee9b6c02eff61c8\" tg-width=\"419\" tg-height=\"376\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The Company is selling an entire TAM and growth narrative based on this bubble. Investors need to beware. We are as little as two quarters from Nvidia growth bubble bursting. Investors are likely to do well steering clear of the impending growth crunch.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Stock Forecast: What To Watch For After GTC 2022 Event</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\">\nNvidia Stock Forecast: What To Watch For After GTC 2022 Event\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-06 10:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4499733-nvidia-stock-forecast-after-gtc-2022-event><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia is a terrific company and continues to execute well as can be seen from the Company's recent GTC and Investor Day events.However, the company's TAM narrative, which investors may be ...</p>\n\n<a href=\"https://seekingalpha.com/article/4499733-nvidia-stock-forecast-after-gtc-2022-event\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4499733-nvidia-stock-forecast-after-gtc-2022-event","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125625332","content_text":"SummaryNvidia is a terrific company and continues to execute well as can be seen from the Company's recent GTC and Investor Day events.However, the company's TAM narrative, which investors may be hoping supports the high valuation, is not credible.This article discusses the positives and negatives out of the investor day event.Nvidia (NASDAQ:NVDA) had very successful GTC and Investor Day events recently. The stock has run up significantly as investors found the events and the company narrative exciting. As such, there is little doubt that Nvidia is a terrific company and continues to execute well on the technology front and continues to raise the bar.The highlights for the day were its two key chip announcements – Hopper datacenter GPU and Grace ARM-based CPU. The company also made several very nice system-level announcements. This article will not get into depth on technology, but instead focus on the investor and the management narrative – especially about the TAM.Hopper Is A Strong GPUThe biggest highlight was Hopper, a much anticipated next-generation data center GPU.Hopper uses the cutting-edge TSMC (TSM) N4 process (widely referred to as 4nm). This is a surprise as the previous expectations were for Nvidia to use TSMC N5 (or 5nm) process. Note that Nvidia has traditionally not pushed the process technology and mostly released products using older processes. Nvidia of the past would not even have used N5 but a cheaper process. It is clear that the Company is starting to feel the heat from competitors including Advanced Micro Devices (AMD) and in-house solutions from Google (GOOG) (GOOGL) and Amazon (AMZN). In particular, AMD continues to come from behind and close the GPU technology gap with Nvidia. Note that AMD’s Aldebaran GPUs last year bested Nvidia Ampere specifications in several aspects. In this aspect, we have to give credit to Nvidia for moving quickly and not falling asleep at the wheel like Intel (INTC). Remember that when AMD accelerated its CPU roadmap, Intel stuck with its inferior internal process and did not move to the most advanced TSMC process thus yielding ground to AMD that it should not have.Even using the N4 process, Nvidia maximized the die size. At 800+ mm2, it is close to reticle size. What this large die size means is that this GPU, while performing well, will be expensive to manufacture. If AMD can deliver comparable performance with CDNA3, then Nvidia is likely to be under tremendous cost pressure. On the upside, it is possible that Nvidia surprised AMD with the N4 process. Time will tell how the Nvidia and AMD competition will play out in the Hopper versus CDNA3 generation.Grace is More Hype Than SubstanceNvidia also unveiled some details about its upcoming Grace CPU.This CPU, set for H1 2023 release, has 72 functional cores per chip and 144 cores for the “super chip” which consists of packaging two dies or chips together. At 72 cores, Grace is not much of an improvement over AMD’s Rome and Milan generations which have 64 cores per chip. The performance data from the image also suggests that, surprisingly, even the 144 core Grace is in a class similar to Milan. Note that AMD is expected to have its 128 core Bergamo chip by the time Grace launches. Nvidia may have some surprises ahead, but, unless Grace’s performance data is off by almost 100%, it seems unlikely that Nvidia’s solution will be competitive with Bergamo in 2023.Nvidia also announced that it will be creating a chip that combines Grace with Hopper (see image below). AMD is also rumored to have a similar CPU plus GPU solution for the HPC and data center spaces in 2023. While Nvidia’s chips use NV Link interconnect, AMD’s chips will likely use its next-generation Infinity Fabric interconnect.Grace will allow Nvidia to bundle its own CPU and GPUs together for several niche applications in the HPC space. Given that several CSPs are developing their own ARM CPUs, it is unclear what role Grace will have to play outside of niche applications. Volume deployment seems unlikely.Nvidia Is Also Going The Semi-custom RouteA strong recent trend has been that semiconductor vendors are starting to go after semi-custom business to accommodate CSPs who are starting to develop their own solutions. The idea behind the semi-custom path is to create solutions that blend chip company IP with customer IP to develop solutions that these high-volume CSPs desire.Semi-custom business tends to be a lower-margin business and is not something that Nvidia’s CEO Jensen Huang likes. Nvidia has, for the first time we can remember, announced that it too is going down this path.There are a few headwinds for Nvidia on this path. The first is that Nvidia is historically not set up for this type of business. Secondly, NV Link is seen as a proprietary interconnect and many CSPs will be reluctant to go down that path. Thirdly, Nvidia could be a bit handicapped here due to the lack of FPGA IP – something that AMD believes data center customers want and something which AMD and Intel own.TAM Hype Is Not CredibleBeyond what is discussed above, management also talked about the new Spectrum 4 400G Ethernet Switch from the Mellanox division, an improved NV Link switch, and updated system and software solutions. All things considered; it is safe to say that Nvidia had a terrific technology presentation.The problem with Nvidia’s pitch was mostly regarding management hype about the $1T TAM that Nvidia now addresses.While there is no denying that Nvidia’s prospects in the space are good, the growth rates shown here are unsustainable. The frothy $10B number from the last year that was fueled by COVID dynamics, crypto bubble, and FED-driven liquidity is a long way from a $300B TAM that management claims. In the near term, there is even a tangible risk that the TAM may shrink as the current spending bubble bursts. Longer-term, while the data center business will continue to grow, management projected TAM appears hugely overstated.The enterprise future also is based on unrealistic expectations. While there is no doubt that many companies will increase their cloud spending over time, the reality is that in enterprises, the IT spend is, and will continue to be, dominated by the client-side. This is simply a matter of deployment economics. For a single server, there are many clients. The sheer ratio of clients to servers tips the IT budgets in clients’ favor.On the gaming front, market researchers have not found any meaningful uptick in gaming PC AIB business over the last decade. If anything, the unit growth has been slightly negative. Nvidia disclosed that ASPs increased at a rate of 13% per year for the last five years while the units have increased by 11% per year. In other words, the primary growth driver was ASP growth. The ASP growth and unit growth numbers are almost entirely driven by crypto which the Company fails to mention as the growth driver. With Ethereum Proof Of Stake likely imminent, with the world entering a post-COVID economy, with AMD gaming GPUs becoming stronger, and with Intel entering the GPU space, the growth narrative for this segment is entirely dubious.The narrative on professional visualization is also questionable as that business too seems to have been driven more by crypto than Omniverse or any other emerging areas.As far as software goes, Nvidia wants to expand its business model into its partner’s space. But, if the software partners have strong chip-level solutions from competitors like AMD, will they continue to push Nvidia solutions?The point is that Nvidia is projecting a massive TAM and big growth based on questionable moat while annoying its software partners. This may not play out so well for Nvidia.The growth on the automotive front is also very much in doubt. While there is no doubt that Nvidia has done very well in this segment so far, note that these are all early-stage design wins when the market is small. As always happens with technology, mass adoption does not occur until the prices of the new technologies drop significantly. The reality is that autonomous technologies have yet to be proven at scale. By the time these technologies are proven, the value of the semiconductors involved in these applications will be much smaller than what Nvidia dreams.The problem with Nvidia’s narrative continues to be that its revenue growth and more importantly its cash flow growth (image below) are being driven by transient COVID and crypto mining dynamics.The Company is selling an entire TAM and growth narrative based on this bubble. Investors need to beware. We are as little as two quarters from Nvidia growth bubble bursting. Investors are likely to do well steering clear of the impending growth crunch.","news_type":1},"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033554676,"gmtCreate":1646320890529,"gmtModify":1676534116952,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033554676","repostId":"1191803969","repostType":2,"repost":{"id":"1191803969","pubTimestamp":1646306336,"share":"https://www.laohu8.com/m/news/1191803969?lang=&edition=full","pubTime":"2022-03-03 19:18","market":"us","language":"en","title":"Cathie Wood Didn’t Come This Far to Quit Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1191803969","media":" Financial Times","summary":"A year ago, she managed more than $60bn. Now she faces the toughest battle of her career","content":"<html><head></head><body><p>A year ago, she managed more than $60bn. Now she faces the toughest battle of her career</p><p><img src=\"https://static.tigerbbs.com/bc7309eb5e0b8662aab9d630e09fa007\" tg-width=\"2835\" tg-height=\"2835\" referrerpolicy=\"no-referrer\"/></p><p>Cathie Wood’s favourite scripture is Psalm 91, the hymn of protection. The founder of Ark Invest starts telling me the story of the Miracle of Dunkirk, when Allied soldiers were rescued from doomed French beaches in 1940. “A group of soldiers were huddled saying Psalm 91,” she says, “and they were one of the few groups of soldiers saved on that day.”</p><p>Wood’s eight-year-old investment management firm is named after the Ark of the Covenant – the chest said to have held the Ten Commandments – which was taken by the Israelites into battle. “Ark also has to do with battle,” Wood continues. “Battling the traditional world order is what we’re doing.”</p><p>In less than a decade, Wood has emerged as the public face of a tech-driven bull market on steroids. She championed actively managed exchange-traded funds (ETFs), a type of investment that combines the stock-picking normally associated with mutual funds with the convenience and tax benefits of ETFs.</p><p>Her big, concentrated bets on “disruptive innovation”, borderline outlandish predictions on everything from shares in electric carmaker Tesla to the price of bitcoin and her savvy use of social media helped to drive assets in Ark’s overall stable of ETFs to a value of $61bn at their peak in February last year, making her the most prominent and scrutinised female investor in the world.</p><p>Ark rose during a period characterised by retail trading, meme stocks and surging cryptocurrencies, with thousands of punters opening new brokerage accounts online and using Twitter and Reddit to exchange investing ideas. By freely sharing Ark’s research, Wood developed a cult following online, where to her disciples she is “Auntie Cathie” or “Cathie Bae” and where she has spawned a range of merchandise, including a T-shirt that depicts her riding a bull with the slogan “The Queen of the bull market”. Another just reads “In Cathie We Trust”.</p><p><img src=\"https://static.tigerbbs.com/b57995e0d1a749fd8f8be3d788fd76cf\" tg-width=\"790\" tg-height=\"790\" referrerpolicy=\"no-referrer\"/></p><p>Wood has fans at the highest level of finance as well. “Regardless of performance trends, it’s clear that Cathie is disrupting the asset management industry in order to capture the imagination of a new generation of investors,” says Katie Koch, a partner at Goldman Sachs Asset Management. “She has demonstrated great respect for the retail investor by democratising access to information.” A top investor in growth companies tells me, “I admire Cathie’s spirit and willingness to put her head above the parapet.”</p><p>At the moment, though, Wood is in the toughest battle of her career. The 66-year-old is fighting against market momentum and trying to halt huge losses and outflows. Assets in Ark’s overall stable of thematic exchange-traded funds have dropped to $23.1bn since its 2021 high. Its flagship Ark Disruptive Innovation ETF, stock market ticker ARKK, has more than halved in value in the same period, during which time every single one of the fund’s 36 stocks has dropped. During the same period, the Nasdaq fell about 2.4 per cent.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1adaed74f4f1f444417dec6e7e525c02\" tg-width=\"300\" tg-height=\"372\" referrerpolicy=\"no-referrer\"/><span>The cover of FT Magazine, March 6/7</span></p><p>On the face of it, ARKK boasts a stellar long-term track record: it has made an average of 38 per cent a year over the past five years, boosted by eye-watering gains of 157 per cent in 2020 as the pandemic turbocharged investor excitement about the technologies that underpin its portfolios – DNA sequencing, robotics, energy storage, artificial intelligence and the blockchain. Ark’s returns “sit in very rarefied air”, says Ben Johnson, director of global ETF research at data provider Morningstar. But most of its longer-term returns came when it had a much smaller asset base, meaning that “most investors in Ark’s funds are underwater”.</p><p>Critics – and there are a lot of them – argue that Wood’s success owes more to the Federal Reserve’s loose monetary policy than to her investment research or stock-picking prowess. Her quasi-prophetic certainty about the future is detached from reality, they argue, and Ark’s performance has been inflated by pouring money into thinly traded stocks.</p><p>“She’s brought a lot of attention to the concept of innovation, which is great,” says a prominent venture capitalist. “But the difficulty she has is that she believes in stories. Sometimes you have to disassociate the story from the business model and the valuation.” A top executive at a multitrillion-dollar asset manager says: “She tells a whole story that’s almost impervious to facts.” And a New York-based hedge fund manager adds: “She may be right in the long run, we just don’t know who the survivors will be in all of these industries. And the valuations are crazy.”</p><p>Since the beginning of this year, sentiment has been turning against the more speculative part of the market in which Ark operates, and the Russia-Ukraine war has further roiled global markets. Waves of monetary stimulus during the pandemic helped gloss over the risks of investing in the types of hot, fast-growing and loss-making tech companies Wood favours.</p><p><img src=\"https://static.tigerbbs.com/8bccdf341bcf5b32a79cb07dae3345cf\" tg-width=\"541\" tg-height=\"705\" referrerpolicy=\"no-referrer\"/></p><p>Now the Fed has begun scaling back support and US interest rates are likely to rise. Tech stocks, whose high prices are predicated on the potential for bumper future earnings, are seen as especially susceptible. “Every bull market has its geniuses who buy the hottest, most aggressive stocks and go up more than the market,” says a short seller who is on the opposite side of many of Wood’s trades. “But the downside of this stuff is just as spectacular as the upside. We saw this in the dotcom era.”</p><p>Many investors see parallels with the late-1990s in today’s growth-over-profits mentality and perceived invincibility of tech companies. Back then, the internet boom was followed by the stock market crash of 2000, and the subsequent downturn wiped almost four-fifths off the value of the technology-heavy Nasdaq index.</p><p>The bust made cautionary tales of fund managers such as Garrett Van Wagoner and Alberto Vilar, once hailed for their golden touch. “Cathie’s a boom or bust investor because she doesn’t disinvest or risk manage,” says Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management and Wood’s former boss at asset manager AllianceBernstein. “This is the challenge that she has had for her entire career.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c68be02b631e3d3d35fbfc2b9a76dab\" tg-width=\"700\" tg-height=\"480\" referrerpolicy=\"no-referrer\"/><span>Clockwise from far right: Wood ringing the bell with her mentor economist Arthur Laffer; in conversation with Tesla CEO Elon Musk and Twitter co-founder Jack Dorsey; Ark’s use of social media helped drive its success; Wood speaking at a conference in Brooklyn  © ARK INVEST/TWITTER; Alex Flynn/Bloomberg; ARK INVEST; ARK INVEST/YOUTUBE</span></p><p>None of which seems to have dampened Wood’s conviction. “We’re at our best when the odds are against us,” she says. “For compliance reasons, I’ve been asked not to give numbers, but the compound annual rate of return expectation that we have during the next five years is the largest I have ever seen in my career.” When critics say she is nothing more than a product of the zeitgeist, Wood responds that her whole career has been about learning to ignore what’s current. And that though her thesis is simple – the future of investing is investing in the future – she’s spent a lifetime coming to it.</p><hr/><p><b>On November 25, I board a plane</b> heading for Nashville, Tennessee, for an audience with Arthur Laffer, the sprightly octogenarian economist who claims credit for President Ronald Reagan’s 1981 tax cuts. A few hours later, my taxi pulls up to a pink Spanish colonial house in a leafy suburb. Laffer answers the door himself, but I barely have a chance to shake his hand before four dogs of varying sizes come bounding towards me.</p><p>Laffer is best known for popularising the Laffer Curve, which he is said to have drawn on a napkin for Donald Rumsfeld and Dick Cheney in 1974 when they worked in the Ford administration, to illustrate his argument that lower rates would boost tax revenues. My motivation for seeking him out is his decades-long mentorship of Wood. When ARKK listed on the New York Stock Exchange in October 2014, Laffer was there with her to ring the bell. Wood was one of the people Laffer invited to accompany him to the Oval Office when Donald Trump awarded him with the Presidential Medal of Freedom three years ago. (Wood supported Trump for president and donated to his campaign.)</p><p>Laffer is warm and welcoming as he ushers me past the dining room, where a long table is laid for Thanksgiving dinner, and into the kitchen. He prepares mugs of tea and plates of sushi, before leading me into the sitting room. Which is how I find myself sinking into a large leather armchair while I receive a whistle-stop tour of supply-side economics from a man who has made studying taxation and incentives his life’s work.</p><p>Framed photographs of assorted Kennedys, Thatchers, Reagans and Laffers look down upon me, surrounded by the four dogs (two Cane Corsos, a Great Dane and a Peek-A-Pom – that’s a Pekingese Pomeranian), who are now asleep. Several times, we are interrupted by calls from one of Laffer’s six children and 13 grandchildren. “Happy Turkey Day to you, my darling. I’m just sitting here with a reporter from the Financial Times. Can I call you back?”</p><p>About an hour in, as Laffer is praising Tennessee’s low-tax regime, which has lured companies such as AllianceBernstein, the mention of Wood’s former employer provides a natural segue. Laffer tells me about their first encounter in 1976 at the University of Southern California, when Wood was a student and he was a professor of business economics. Despite being an undergraduate, she lobbied him to let her into his graduate-level economics class until Laffer relented.</p><p>Wood got off to a rough start. “At the midterm, she did very poorly,” Laffer recalls. He says it was common at the time for students to cry in his class or drop out altogether as a consequence of its difficulty. “She didn’t do that. She said, ‘So what do I have to do to get better?’ And she did get better. Cathie works harder than anyone I know. She always has.”</p><p>Laffer often started his classes with a joke or some bit of relatable news to draw students in. By the time a seminar ended, the blackboard was a scrawl of equations and calculations. “We didn’t know what hit us,” Wood says. She calls Laffer’s ability to combine storytelling and hard data “a gift”.</p><p>Cathie Duddy was born in Los Angeles, the eldest of four children. Her parents were Irish immigrants who had come separately to the US “with great dreams of making it” and met at a dance in New Jersey. She credits her father, a radar systems engineer, first in the Irish Army and then the United States Air Force, with encouraging an interest in technology and economics. “It was the dawn of the electronic age, as he used to tell me quite frequently, and he was passionate about that,” says Wood. “It was also his ticket to a good life.” She describes her mother as “the laughter in our lives”.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96769edf81b0e8f093f366df25b553dc\" tg-width=\"700\" tg-height=\"875\" referrerpolicy=\"no-referrer\"/><span>‘We’re at our best when the odds are against us,’ Wood tells the FT</span></p><p>Before Wood graduated from USC, Laffer introduced her to Los Angeles-based asset manager Capital Group. She worked at Capital for three years as an assistant economist before moving to New York in 1980 to join asset manager Jennison Associates, where she was hired as its chief economist. She was 24. “Cathie turned out to be better and smarter than all the famous economists of that time,” says Spiros “Sig” Segalas, a former US Navy officer and Jennison’s co-founder and chief investment officer. “I’ve never met anyone with as much conviction.”</p><p>At the time Wood joined Jennison, the US was experiencing severe inflation and interest rates were in the double digits. “She believed very strongly in deflation…and she was right,” says Segalas, who became another mentor. He knew many tech industry pioneers, including HP’s founders Bill Hewlett and David Packard and Intel co-founder Gordon Moore.</p><p>“Sig knew – talk about the dawn of the electronic age – he knew the people that made that happen,” says Wood. “He imbued me with the notion that technology solves problems and innovation is key to growth, that you can’t just look at earnings. You have to look at revenues. Revenue growth consistently over time means companies have to innovate, or else someone will steal a march from them.”</p><p>Around 1982, Wood wanted to resign to work for Laffer. “Do you really want to be Art Laffer’s disciple for the rest of your career?” Segalas quipped and talked her into staying. By this point, Wood was looking to move from economics into equity research and money management. Segalas had no problem with this in theory, but he was loath to take stocks away from analysts who were already covering them. So Wood waited around for what she called “fall through the cracks” companies that didn’t fit into neat categories and that other analysts didn’t want to cover.</p><p>Reuters, the database publishing company, was one example. Technology analysts felt it was a publishing company, and publishing analysts felt it was a tech company. Wood volunteered to cover it, and what was then called database publishing turned out to be the precursor to the internet. She says the experience taught her to investigate areas that others have dismissed.</p><p>She worked at Jennison for almost two decades, during which she married Robert Remington Wood and they had three children. Wood speaks fondly of this period of her career, of learning to “put the pieces of the puzzle together about how the world is going to work, not how it has worked”. She also learnt the value of diversity. “Sig has given so many women in our business their big breaks,” she says. “He really believes what a lot of women’s groups are saying and studies have shown that when you add diversity, you get better investment results.”</p><p>In 1995, Wood and her husband moved from New York to Connecticut. Robert, who had studied English literature and worked stints in institutional sales in the financial services industry, wanted to concentrate on his writing. “I said… if we move out to the hinterlands, to this wonderful place to raise children, one of us has to stay at home,” Wood recalls, “and I’m not going to be the one. So that’s what we did.” Two of his plays were produced off Broadway, including The Bridge in Scarsdale in 2002. The couple eventually divorced in 2003, and Robert died of cancer in 2018. Before he did, Wood welcomed him back into the house so the family could be together.</p><p><img src=\"https://static.tigerbbs.com/80e8b2b582c998fa762a9b331c40ad5f\" tg-width=\"863\" tg-height=\"751\" referrerpolicy=\"no-referrer\"/></p><p>In 1998, as the dotcom bubble was reaching its climax, Wood and one of her colleagues, Lulu Wang, left Jennison to set up a fund in New York called Tupelo Capital Management. By the end of March 2000, the peak of the tech bubble, Tupelo’s assets under management had reached almost $1.4bn, according to a regulatory filing. Twelve months later, Tupelo’s assets had slumped to around $200mn, according to a separate regulatory filing.</p><p>In other words, Tupelo’s assets under management lost over four-fifths of their value during the dotcom crash. It’s not possible to establish how much of this was due to performance losses and how much to investors pulling their cash. Wood says, “While we disagreed about strategic moves at the end of my tenure, we parted ways with mutual respect.” Wang declined to comment.</p><p>Wood dusted herself off and joined AllianceBernstein later that year as chief investment officer for thematic portfolios. Lisa Shalett, her boss at the time, recalls her “first memory of Cathie is of a whirling dervish running around in a trench coat weighed down by bags and bags of research. You would see her early in the morning or running from the office late at night to catch the train.”</p><p>But Wood’s track record at AllianceBernstein was both volatile and underwhelming, according to Morningstar. Shalett says that Wood’s investing style was a “rollercoaster ride” for clients and that it found greater traction with retail investors than with the institutional market. Even so, Wood continued to display the same conviction Segalas had admired at Jennison. “She is disciplined and missionary in her approach. She’s an evangelist for tech, and it’s infectious,” says Shalett. “We all love a great story. She does her research; she believes what she believes. Sometimes when the market moves against her, she digs in more.”</p><hr/><p><b>On a glorious August day in 2012,</b> Wood returned home from work to an uncharacteristically quiet house. Her three children were at summer camp, and it was the first time she’d been alone that long since she moved to Connecticut in the mid-1990s. “I’m kind of stunned by the silence,” Wood recounts. “I walk into the kitchen to the counter. And I’m not happy, and I’m not sad. I’m just in that zen state.</p><p>“Boom. That’s when it hit me. Why don’t you apply the technologies that have been disrupting other industries to your own? Think about it: your industry finances all of these disruptions that have changed other industries, and it hasn’t embraced them itself.” Within five minutes, the key foundations of what would become Ark’s approach came to her: adopting open source research, embracing online media, investing in innovation.</p><p>Wood tells me the epiphany marked the culmination of six years of prayer. From about 2006, she had struggled to make sense of the changing financial landscape. On the advice of someone at her church, Walnut Hill Community Church, Wood had spent each morning reading from a devotional as her coffee was brewing, asking God to “show me what to do”. When it all came together, she knew “I had to start this firm, and I knew it would be successful. I knew it would be difficult too.”</p><p>Wood believes she was “born with the gift of faith”, and it deepened through testing times like the stock market crashes in 2000 and 2008 and her divorce, she told an interviewer in 2020 on Jesus Calling, a podcast. When we discuss her religious practices, Wood chooses her words carefully. “Before I make a big move, I will always pray,” she says. “Prayer is a form of meditation too. It’s a very grounding experience. People who meditate deeply experience the same thing I do. And in those moments, I get answers… The holy spirit, if you want to just dwell on that, is the same thing as the Force.”</p><p>Initially, Wood approached Peter Kraus, then chair and chief executive of AllianceBernstein, with her unorthodox pitch: she wanted to launch an actively managed ETF business devoted to disruptive and innovative companies. At the time, the ETF industry was dominated by passive funds that tracked an index such as the S&amp;P 500 and was run by players like BlackRock, Vanguard Group and State Street Global Advisors. “I said no,” Kraus, who is now chair and chief executive of asset manager Aperture Investors, tells me, “because it didn’t seem like a high probability it would succeed. It was not because I didn’t like her. I don’t regret it.”</p><p>Laffer also had doubts. “I talked with her at enormous length when she was going to set up Ark,” he says. “She weighed my advice and then went the other way.” Laffer worried about Wood giving up a stable job to start up in a fledgling part of the market and putting too much of her own money into Ark. “I did not want her to lose everything she had.”</p><p><img src=\"https://static.tigerbbs.com/75fe2bfe30d97901ecb7cf1f3aefdd77\" tg-width=\"970\" tg-height=\"757\" referrerpolicy=\"no-referrer\"/></p><p>In January 2014, Wood founded Ark. For the first three years, she funded the business with her own money. (She rewarded Laffer with a small stake in Ark Invest, of less than 1 per cent.) Wood received an early investment of around $20mn for her first four ETFs from former hedge fund manager Bill Hwang, whom she met when they were both advisers to a religious group that ministers to young people on Wall Street. Hwang is now infamous for the implosion in March 2021 of his family office, Archegos Capital Management. A person with knowledge of the matter says Hwang admired Wood’s expertise in growth stocks, but that the investment in Ark was a show of support, rather than strategic. Hwang declined to comment for this article.</p><p>For its first two years, Ark built but the clients failed to come. So Wood sold minority stakes and signed deals to help sell her funds. First to Resolute Investment Managers, an asset management platform and distributor, in 2016 and, the following year, to Japan’s Nikko Asset Management. It would take the pandemic – and a big and prescient bet on Tesla – to turn Wood into a star.</p><p>In October 2020, as Ark’s performance was riding high, Resolute said it intended to exercise an option to buy a majority stake in the company. Wood pushed back. One former Ark employee tells me that, during this period, Wood was convinced she would regain control of the company even when colleagues thought it was highly unlikely. Wood turned to Todd Boehly, founder of Eldridge Industries, a holding company that makes investments, to lend Ark the funds to repurchase Resolute’s option and later reward Ark’s top employees with a share of the business.</p><p>The former employee says Wood “feels very much on a journey doing God’s work. She’s moved by forces beyond the asset management game. She has confidence from her craft, but also she feels like she’s on the right side of… I don’t know what to call it. It gives her energy and strength. The God element is more a guide of her life path. God is not telling her to buy or sell shares.”</p><p>Under the terms of the 2020 deal, Resolute remained Ark’s main distribution partner in the US, and Wood remained its majority shareholder. She was more personally exposed than ever. Resolute sold at what would turn out to be the top of the market. And when 2021 arrived, Ark’s performance began to unravel.</p><hr/><p>The town of Bethel is named after a Hebrew word meaning “house of God”. Unlike Connecticut’s Gold Coast, where prominent financiers like hedge fund manager Ray Dalio own expensive waterfront properties overlooking the Long Island Sound, the sleepy inland streets here are lined with traditional New England timber-framed saltbox houses. Many of them are flying the Stars and Stripes. I’m here to attend a morning service at Walnut Hill, where Wood was an active member of the congregation until she moved to Florida last year.</p><p>Walnut Hill is a nondenominational, evangelical megachurch, with four campuses across the state. Its purpose is “igniting a passion for Jesus in Connecticut, New England and around the world”, according to its website. In the vast entrance hall of the Bethel Campus, a sign hangs above the door reading “Go bring heaven to earth!”</p><p>As I wait for the service to begin, I track down Reverend Brian Mowrey, one of Walnut Hill’s lead pastors. Wood has been coming here for more than a decade and has “been very engaged in life here”, Mowrey tells me. “She has a unique gift of being a futurist, very discerning of where things are going in our world, a great sensitivity to how God is moving and speaking.” He won’t say whether he’s an investor in Ark.</p><p>We make our way to the darkened auditorium for the service, picking up our own individually packaged Eucharist on the way in. The lingering pandemic also means that the hall, which has capacity for hundreds of people, is far from full. Everything is broadcast online. The service is accompanied by a live band, and today’s theme for the homily is “Developing a Heavenly Mindset”.</p><p>Afterwards, I’m standing in the church car park waiting for a friend to come and collect me, when a retired couple, John and Rita DePasquale, strike up a conversation. They have noticed me looking a bit lost. John, 76, who used to work in promotions and consumer packaging, says he came to his faith in his early thirties. “I was burning the candle at both ends, and then I found another way, a spiritual way.” He met Wood through the church but says he’s had “very little” interaction with her. He did, however, become an investor in Ark, following a recommendation from one of its clients: DePasquale’s son, Reverend Adam DePasquale, another of the lead pastors at Walnut Hill.</p><p>The elder DePasquale says that, normally, his investment criteria include being a well-known company that’s a leader in its field and paying a consistent dividend. Still, Ark piqued his interest enough that he made a roughly $12,000 investment towards the end of 2020, when ARKK was trading at around $120. “The things she’s invested in made a lot of sense,” DePasquale says. “I got a sense that she sees paradigm shifts taking place – a gift.”</p><p>Three months later, I check in with DePasquale to find out how he’s feeling about his investment, which is now down 40 per cent. He says he doesn’t have “any desire to bail out” or any financial need to sell right now. “I’ll wait. I have faith that it will come back, and she’ll turn it around. I think she has the right attitude towards innovation… I don’t want to buy high and sell low. That’s not a remedy to make money.”</p><p>As our telephone call draws to a close, DePasquale asks if I would mind if he prayed for me. Not at all, I respond, assuming he means later on, privately. “Dear God,” he starts saying into the other end of the line, “thank you for Harriet and how she has used her skills and passion to seek wisdom… May you bless and protect her.”</p><hr/><p>In February 2019, Tesla’s stock was trading at around $60. Ark, which holds a significant position in the electric carmaker, was bullish on its prospects, estimating that its share price could reach $3,000 by 2025. Wood was in a meeting room at the firm’s New York offices when she heard screams and laughter from her colleagues outside. She went out to find that Tesla chief executive Elon Musk had sent a direct Twitter message to Tasha Keeney, an Ark analyst, complimenting her on her work. Later, Musk joined Wood and Keeney on Ark’s regular FYI - For Your Innovation podcast. When I contact Musk via email about this story, he shoots back a single sentence: “Cathie and the Ark team think deeply about the future and are mostly correct. — EM”.</p><p>Ark’s ability to speak in the emoji-laden, highly referential language of the meme stock generation is one example of what Ark means when it markets itself as an “untraditional investment manager”. Another is atypical hiring. The company has fewer than 50 employees, including around 20 in research and investing. Wood has surrounded herself with a team of young analysts, with backgrounds in subjects such as computer engineering or molecular biology, rather than a traditional grounding in finance. She says this is the best way to identify disruptive trends and to avoid consensus thinking. “I really believe that young people are at an advantage,” she says, because they “have one foot in the new world” and are native to certain parts of the market such as cryptocurrencies.</p><p>Wood says the active management industry is dominated by short-term thinking and index trackers that avoid taking big bets and have high position overlap with their peers. Fear of the new, in other words. Ark set out to have a portfolio that has little overlap with the Nasdaq and the S&amp;P 500. “The old world order describes [Ark] as highly speculative, highly risky and these other disparaging words,” she says. “Whereas what we are saying is, ‘No, you are in harm’s way. You are taking a risk by not doing the kind of research we’re doing.’”</p><p>Closely guarded proprietary research is the norm in the mainstream asset management industry. But Ark publishes all its research and stock price targets online; it also discloses its positions and trades, which one critic says amounts to “playing poker with their cards faced up”. This practice certainly makes it easy to follow Wood. Unaffiliated websites, such as Cathiesark.com, publish the positions, trades and weight of all companies in Ark’s stable of ETFs daily. An entire ecosystem of copycat and related products have sprung up around Wood’s funds as a result.</p><p>This includes products that allow investors to magnify their exposure to Ark’s ETFs – or to directly wager against them. Last November, Tuttle Capital Management unveiled the Nasdaq-listed Tuttle Short Innovation ETF (ticker: SARK), which gives investors the ability to bet against Wood’s ARKK. Since launching, SARK has grown from $5mn to $325mn in assets under management and is up 24 per cent this year. “Some people are using it as an anti-Cathie Wood bet,” says chief executive Matthew Tuttle, while others are using it as a hedge against their exposure to growth stocks at a time when interest rates and inflation are rising.</p><p>Some people see flaws in Ark’s business model. Edwin Dorsey,a short seller and author of the Bear Cave newsletter, has criticised the team’s lack of experience. For example, Ark’s chief operating officer, Tom Staudt, who is in charge of its risk management, is a former account executive at a television station in Michigan. “At Ark you get out-of-the-box thinkers from non-traditional backgrounds,” says Dorsey. “But it relies a lot on young analysts who might be in over their skis.” He believes that Ark’s research is good at identifying technological trends, but he doesn’t “think it’s that rigorous when it comes to selecting individual stocks”.</p><p>That can mean missing red flags that ought to have come up during due diligence. Dorsey says examples among Ark’s current or previous investments include: German payments company Wirecard, which collapsed into insolvency in June last year, following a multiyear fraud exposed by the FT; and, Vuzix, an augmented reality glasses company in which Ark owns more than 10 per cent, which has a history of consistent unprofitability, a short seller lawsuit and an informal enquiry by the US Securities and Exchange Commission.</p><p>The validity of Ark’s financial models and headline-making predictions has also come into question. At least two people reckon they found erroneous judgments in the company’s publicly released valuation model for Tesla. These errors, they believe, contribute to an overestimation of what the electric carmaker could be worth. Some of Wood’s public predictions strain credulity. Notably in a 2018 video, she declared “monogenic stem cell therapy” a $2tn revenue opportunity, with “polygenic” versions of the treatment worth “however many trillions” more. Monogenic stem cell therapy is not a concept scientists recognise. Wood says Ark’s research on innovation is “the best in the financial world.”</p><p>And then there’s Ark’s footprint in the marketplace. When it buys and sells positions in smaller, less frequently traded companies typical of the innovation space, Ark can have an outsized impact on their share price because these types of positions are less liquid than blue chips like Tesla and Zoom. (Across its ETFs, Ark owns stakes of more than 5 per cent in 37 companies, and owns more than 10 per cent of 18 of these companies, according to Morningstar.)</p><p>“As Ark has been buying these small-cap companies, it has been pushing their share prices up,” says Dan Izzo, chief executive of GHCO, a registered market maker. “It’s a self-fulfilling prophecy on the way up.” Crucially, he notes, this works both ways. “If redemptions made Ark a forced seller of illiquid names then it could push down their share prices.” This could result in a downward spiral for Ark.</p><hr/><p>For all Ark’s talk of transparency, it takes more than four months before Wood finally agrees to an interview. By this point, it’s mid-February and ARKK has halved from its peak the year before. The short sellers are being vindicated. Wood pops on to my laptop screen, instantly recognisable by her trademark horn-rimmed glasses and poker straight hair. She looks smart in a striped shirt, dark highlights framing her high cheekbones and perfect white teeth. “We are as calm and focused as you could possibly imagine,” she says. Despite the market turmoil and the mounting losses in her portfolios she sleeps “very easily” at night, “knowing that we have never been in a period of more innovation in history”.</p><p>There’s one exception: the prospect of investors pulling their money from Ark’s fund at the worst possible moment. If clients do so now, Wood says they will turn “what we believe are temporary losses into permanent losses. What’s going to happen is the same thing that happened in 2008-2009. Those who got out had such seller’s remorse” because they missed the subsequent market rebound.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c548b284747c1e69422ed48331632d7a\" tg-width=\"700\" tg-height=\"1050\" referrerpolicy=\"no-referrer\"/><span>‘The old world order describes [Ark] as highly speculative, highly risky and these other disparaging words,’ Wood says. ‘Whereas what we are saying is, “No, you are in harm’s way. You are taking a risk by not doing the kind of research we’re doing”’</span></p><p>We take the big controversies facing Wood and Ark one at a time.</p><p>Critics have suggested that the firm’s transparency makes it vulnerable to front-running. If the market can see everything Ark is doing, traders could use that information to try to get ahead of it. This is especially a risk in a downward market. If Ark, for example, had to sell positions to meet redemptions, other investors could see that and sell off first, pushing down prices even more. Wood dismisses this. “It’s very hard to front-run us,” she says, adding that if she sees the price of a stock that Ark is buying starting to move up dramatically, she halts the order. The same thing happens on the way down. “We can stop the sale if [they’re] driving a stock down because they know we’re just going to be selling, selling, selling. I can stop it if I want to.”</p><p>Wood is more philosophical about the short sellers: “Well, that’s what makes a market. And if we’re right, they’re going to have to cover all of their shorts, and that’ll help with the swoosh when it happens. And I truly do believe it will.” She says she does not take the existence of SARK and others like it personally. “They’re not doing any research. That’s why that strategy is not going to work in the long run. It’ll work from time to time when we’re in risk-off periods.”</p><p>Ark allows investors to redeem their money on a daily basis; the risk in a downturn such as this one is that they pull out in droves. But Ark’s asset retention has been better than expected, says Wood. She believes this is a result of Ark’s communications strategy. “We overcommunicate. We are constantly putting out research. We are tweeting to let our clients know nothing has changed from our point of view.”</p><p>She believes that “this has helped our clients trust us” and keep their Ark investment. Tuttle agrees: “ARKK has not had as many outflows as you’d expect, given the returns.” But he thinks it’s because “retail investors have been conditioned to ‘buy the dip’ in growth stocks”, a strategy that has worked since 2009. “At some point there’s a level where everything starts to waver,” he adds, “I just don’t know where that is.”</p><p>An important element of Wood’s vision — and one of the drivers of her seemingly boundless optimism — is that the deflationary trend of recent decades and generally low interest rates will continue: technological innovation suppresses costs, while companies whose products are being rendered obsolete will have to cut prices. “Many people think we have a permanent inflation problem,” she says. “We don’t.” If anything she believes that problems that emerged during the pandemic “are accelerating the rate at which innovation is taking place”.</p><p>But Wood is fighting against the tide of central banks. Jennison’s Segalas says: “The problem right now is that interest rates are going up, and that tends to hurt valuations, particularly of growth companies with no current earnings power. A lot will depend on what happens to inflation and interest rates as to when her strategy is going to work.” He adds: “Eventually I think she’ll be right, but I don’t know how long that takes.” Eldridge’s Boehly says, “Ark has low fixed costs, very modest leverage and substantial liquidity, which allows it to ride out market volatility.”</p><p>The challenge for Wood is that she may be correct in identifying the big trends in innovation but back the wrong companies. Even if her bets are right in the long term, Ark’s losses in the short term could wipe it out. To paraphrase Keynes, the stock market can remain irrational longer than many fund managers can stay solvent.</p><p>Wood has clearly pondered the question of longevity. “Many people in our business… they’d be quite happy to see us disappear,” she says. Repeatedly during our conversation she refers to herself as a “lightning rod” for the industry. To these critics, Wood represents the worst aspects of a frothy market, the gate-crashing of low-information retail investors and the triumph of a good story over hard data. None of which can end soon enough. For her retail following, she represents a middle finger to all of that. Fans want to believe her stories of a better, brighter future filled with flying cars, green energy and longer, healthier lives.</p><p>But as the interview draws to a close, Wood is keen to make one last, important point. When it comes to Ark’s investments, “the courage of my conviction” is not the result of any higher calling. It “comes from our research”, she says. “I just want to make that very clear.”</p></body></html>","source":"lsy1580170736413","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Didn’t Come This Far to Quit Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Didn’t Come This Far to Quit Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 19:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/a93f4de2-35d2-44e1-a6a1-0000cba0dd4d><strong> Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A year ago, she managed more than $60bn. Now she faces the toughest battle of her careerCathie Wood’s favourite scripture is Psalm 91, the hymn of protection. The founder of Ark Invest starts telling ...</p>\n\n<a href=\"https://www.ft.com/content/a93f4de2-35d2-44e1-a6a1-0000cba0dd4d\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","ARKK":"ARK Innovation ETF","TSLA":"特斯拉","ARKF":"ARK Fintech Innovation ETF","ROKU":"Roku Inc","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://www.ft.com/content/a93f4de2-35d2-44e1-a6a1-0000cba0dd4d","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191803969","content_text":"A year ago, she managed more than $60bn. Now she faces the toughest battle of her careerCathie Wood’s favourite scripture is Psalm 91, the hymn of protection. The founder of Ark Invest starts telling me the story of the Miracle of Dunkirk, when Allied soldiers were rescued from doomed French beaches in 1940. “A group of soldiers were huddled saying Psalm 91,” she says, “and they were one of the few groups of soldiers saved on that day.”Wood’s eight-year-old investment management firm is named after the Ark of the Covenant – the chest said to have held the Ten Commandments – which was taken by the Israelites into battle. “Ark also has to do with battle,” Wood continues. “Battling the traditional world order is what we’re doing.”In less than a decade, Wood has emerged as the public face of a tech-driven bull market on steroids. She championed actively managed exchange-traded funds (ETFs), a type of investment that combines the stock-picking normally associated with mutual funds with the convenience and tax benefits of ETFs.Her big, concentrated bets on “disruptive innovation”, borderline outlandish predictions on everything from shares in electric carmaker Tesla to the price of bitcoin and her savvy use of social media helped to drive assets in Ark’s overall stable of ETFs to a value of $61bn at their peak in February last year, making her the most prominent and scrutinised female investor in the world.Ark rose during a period characterised by retail trading, meme stocks and surging cryptocurrencies, with thousands of punters opening new brokerage accounts online and using Twitter and Reddit to exchange investing ideas. By freely sharing Ark’s research, Wood developed a cult following online, where to her disciples she is “Auntie Cathie” or “Cathie Bae” and where she has spawned a range of merchandise, including a T-shirt that depicts her riding a bull with the slogan “The Queen of the bull market”. Another just reads “In Cathie We Trust”.Wood has fans at the highest level of finance as well. “Regardless of performance trends, it’s clear that Cathie is disrupting the asset management industry in order to capture the imagination of a new generation of investors,” says Katie Koch, a partner at Goldman Sachs Asset Management. “She has demonstrated great respect for the retail investor by democratising access to information.” A top investor in growth companies tells me, “I admire Cathie’s spirit and willingness to put her head above the parapet.”At the moment, though, Wood is in the toughest battle of her career. The 66-year-old is fighting against market momentum and trying to halt huge losses and outflows. Assets in Ark’s overall stable of thematic exchange-traded funds have dropped to $23.1bn since its 2021 high. Its flagship Ark Disruptive Innovation ETF, stock market ticker ARKK, has more than halved in value in the same period, during which time every single one of the fund’s 36 stocks has dropped. During the same period, the Nasdaq fell about 2.4 per cent.The cover of FT Magazine, March 6/7On the face of it, ARKK boasts a stellar long-term track record: it has made an average of 38 per cent a year over the past five years, boosted by eye-watering gains of 157 per cent in 2020 as the pandemic turbocharged investor excitement about the technologies that underpin its portfolios – DNA sequencing, robotics, energy storage, artificial intelligence and the blockchain. Ark’s returns “sit in very rarefied air”, says Ben Johnson, director of global ETF research at data provider Morningstar. But most of its longer-term returns came when it had a much smaller asset base, meaning that “most investors in Ark’s funds are underwater”.Critics – and there are a lot of them – argue that Wood’s success owes more to the Federal Reserve’s loose monetary policy than to her investment research or stock-picking prowess. Her quasi-prophetic certainty about the future is detached from reality, they argue, and Ark’s performance has been inflated by pouring money into thinly traded stocks.“She’s brought a lot of attention to the concept of innovation, which is great,” says a prominent venture capitalist. “But the difficulty she has is that she believes in stories. Sometimes you have to disassociate the story from the business model and the valuation.” A top executive at a multitrillion-dollar asset manager says: “She tells a whole story that’s almost impervious to facts.” And a New York-based hedge fund manager adds: “She may be right in the long run, we just don’t know who the survivors will be in all of these industries. And the valuations are crazy.”Since the beginning of this year, sentiment has been turning against the more speculative part of the market in which Ark operates, and the Russia-Ukraine war has further roiled global markets. Waves of monetary stimulus during the pandemic helped gloss over the risks of investing in the types of hot, fast-growing and loss-making tech companies Wood favours.Now the Fed has begun scaling back support and US interest rates are likely to rise. Tech stocks, whose high prices are predicated on the potential for bumper future earnings, are seen as especially susceptible. “Every bull market has its geniuses who buy the hottest, most aggressive stocks and go up more than the market,” says a short seller who is on the opposite side of many of Wood’s trades. “But the downside of this stuff is just as spectacular as the upside. We saw this in the dotcom era.”Many investors see parallels with the late-1990s in today’s growth-over-profits mentality and perceived invincibility of tech companies. Back then, the internet boom was followed by the stock market crash of 2000, and the subsequent downturn wiped almost four-fifths off the value of the technology-heavy Nasdaq index.The bust made cautionary tales of fund managers such as Garrett Van Wagoner and Alberto Vilar, once hailed for their golden touch. “Cathie’s a boom or bust investor because she doesn’t disinvest or risk manage,” says Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management and Wood’s former boss at asset manager AllianceBernstein. “This is the challenge that she has had for her entire career.”Clockwise from far right: Wood ringing the bell with her mentor economist Arthur Laffer; in conversation with Tesla CEO Elon Musk and Twitter co-founder Jack Dorsey; Ark’s use of social media helped drive its success; Wood speaking at a conference in Brooklyn  © ARK INVEST/TWITTER; Alex Flynn/Bloomberg; ARK INVEST; ARK INVEST/YOUTUBENone of which seems to have dampened Wood’s conviction. “We’re at our best when the odds are against us,” she says. “For compliance reasons, I’ve been asked not to give numbers, but the compound annual rate of return expectation that we have during the next five years is the largest I have ever seen in my career.” When critics say she is nothing more than a product of the zeitgeist, Wood responds that her whole career has been about learning to ignore what’s current. And that though her thesis is simple – the future of investing is investing in the future – she’s spent a lifetime coming to it.On November 25, I board a plane heading for Nashville, Tennessee, for an audience with Arthur Laffer, the sprightly octogenarian economist who claims credit for President Ronald Reagan’s 1981 tax cuts. A few hours later, my taxi pulls up to a pink Spanish colonial house in a leafy suburb. Laffer answers the door himself, but I barely have a chance to shake his hand before four dogs of varying sizes come bounding towards me.Laffer is best known for popularising the Laffer Curve, which he is said to have drawn on a napkin for Donald Rumsfeld and Dick Cheney in 1974 when they worked in the Ford administration, to illustrate his argument that lower rates would boost tax revenues. My motivation for seeking him out is his decades-long mentorship of Wood. When ARKK listed on the New York Stock Exchange in October 2014, Laffer was there with her to ring the bell. Wood was one of the people Laffer invited to accompany him to the Oval Office when Donald Trump awarded him with the Presidential Medal of Freedom three years ago. (Wood supported Trump for president and donated to his campaign.)Laffer is warm and welcoming as he ushers me past the dining room, where a long table is laid for Thanksgiving dinner, and into the kitchen. He prepares mugs of tea and plates of sushi, before leading me into the sitting room. Which is how I find myself sinking into a large leather armchair while I receive a whistle-stop tour of supply-side economics from a man who has made studying taxation and incentives his life’s work.Framed photographs of assorted Kennedys, Thatchers, Reagans and Laffers look down upon me, surrounded by the four dogs (two Cane Corsos, a Great Dane and a Peek-A-Pom – that’s a Pekingese Pomeranian), who are now asleep. Several times, we are interrupted by calls from one of Laffer’s six children and 13 grandchildren. “Happy Turkey Day to you, my darling. I’m just sitting here with a reporter from the Financial Times. Can I call you back?”About an hour in, as Laffer is praising Tennessee’s low-tax regime, which has lured companies such as AllianceBernstein, the mention of Wood’s former employer provides a natural segue. Laffer tells me about their first encounter in 1976 at the University of Southern California, when Wood was a student and he was a professor of business economics. Despite being an undergraduate, she lobbied him to let her into his graduate-level economics class until Laffer relented.Wood got off to a rough start. “At the midterm, she did very poorly,” Laffer recalls. He says it was common at the time for students to cry in his class or drop out altogether as a consequence of its difficulty. “She didn’t do that. She said, ‘So what do I have to do to get better?’ And she did get better. Cathie works harder than anyone I know. She always has.”Laffer often started his classes with a joke or some bit of relatable news to draw students in. By the time a seminar ended, the blackboard was a scrawl of equations and calculations. “We didn’t know what hit us,” Wood says. She calls Laffer’s ability to combine storytelling and hard data “a gift”.Cathie Duddy was born in Los Angeles, the eldest of four children. Her parents were Irish immigrants who had come separately to the US “with great dreams of making it” and met at a dance in New Jersey. She credits her father, a radar systems engineer, first in the Irish Army and then the United States Air Force, with encouraging an interest in technology and economics. “It was the dawn of the electronic age, as he used to tell me quite frequently, and he was passionate about that,” says Wood. “It was also his ticket to a good life.” She describes her mother as “the laughter in our lives”.‘We’re at our best when the odds are against us,’ Wood tells the FTBefore Wood graduated from USC, Laffer introduced her to Los Angeles-based asset manager Capital Group. She worked at Capital for three years as an assistant economist before moving to New York in 1980 to join asset manager Jennison Associates, where she was hired as its chief economist. She was 24. “Cathie turned out to be better and smarter than all the famous economists of that time,” says Spiros “Sig” Segalas, a former US Navy officer and Jennison’s co-founder and chief investment officer. “I’ve never met anyone with as much conviction.”At the time Wood joined Jennison, the US was experiencing severe inflation and interest rates were in the double digits. “She believed very strongly in deflation…and she was right,” says Segalas, who became another mentor. He knew many tech industry pioneers, including HP’s founders Bill Hewlett and David Packard and Intel co-founder Gordon Moore.“Sig knew – talk about the dawn of the electronic age – he knew the people that made that happen,” says Wood. “He imbued me with the notion that technology solves problems and innovation is key to growth, that you can’t just look at earnings. You have to look at revenues. Revenue growth consistently over time means companies have to innovate, or else someone will steal a march from them.”Around 1982, Wood wanted to resign to work for Laffer. “Do you really want to be Art Laffer’s disciple for the rest of your career?” Segalas quipped and talked her into staying. By this point, Wood was looking to move from economics into equity research and money management. Segalas had no problem with this in theory, but he was loath to take stocks away from analysts who were already covering them. So Wood waited around for what she called “fall through the cracks” companies that didn’t fit into neat categories and that other analysts didn’t want to cover.Reuters, the database publishing company, was one example. Technology analysts felt it was a publishing company, and publishing analysts felt it was a tech company. Wood volunteered to cover it, and what was then called database publishing turned out to be the precursor to the internet. She says the experience taught her to investigate areas that others have dismissed.She worked at Jennison for almost two decades, during which she married Robert Remington Wood and they had three children. Wood speaks fondly of this period of her career, of learning to “put the pieces of the puzzle together about how the world is going to work, not how it has worked”. She also learnt the value of diversity. “Sig has given so many women in our business their big breaks,” she says. “He really believes what a lot of women’s groups are saying and studies have shown that when you add diversity, you get better investment results.”In 1995, Wood and her husband moved from New York to Connecticut. Robert, who had studied English literature and worked stints in institutional sales in the financial services industry, wanted to concentrate on his writing. “I said… if we move out to the hinterlands, to this wonderful place to raise children, one of us has to stay at home,” Wood recalls, “and I’m not going to be the one. So that’s what we did.” Two of his plays were produced off Broadway, including The Bridge in Scarsdale in 2002. The couple eventually divorced in 2003, and Robert died of cancer in 2018. Before he did, Wood welcomed him back into the house so the family could be together.In 1998, as the dotcom bubble was reaching its climax, Wood and one of her colleagues, Lulu Wang, left Jennison to set up a fund in New York called Tupelo Capital Management. By the end of March 2000, the peak of the tech bubble, Tupelo’s assets under management had reached almost $1.4bn, according to a regulatory filing. Twelve months later, Tupelo’s assets had slumped to around $200mn, according to a separate regulatory filing.In other words, Tupelo’s assets under management lost over four-fifths of their value during the dotcom crash. It’s not possible to establish how much of this was due to performance losses and how much to investors pulling their cash. Wood says, “While we disagreed about strategic moves at the end of my tenure, we parted ways with mutual respect.” Wang declined to comment.Wood dusted herself off and joined AllianceBernstein later that year as chief investment officer for thematic portfolios. Lisa Shalett, her boss at the time, recalls her “first memory of Cathie is of a whirling dervish running around in a trench coat weighed down by bags and bags of research. You would see her early in the morning or running from the office late at night to catch the train.”But Wood’s track record at AllianceBernstein was both volatile and underwhelming, according to Morningstar. Shalett says that Wood’s investing style was a “rollercoaster ride” for clients and that it found greater traction with retail investors than with the institutional market. Even so, Wood continued to display the same conviction Segalas had admired at Jennison. “She is disciplined and missionary in her approach. She’s an evangelist for tech, and it’s infectious,” says Shalett. “We all love a great story. She does her research; she believes what she believes. Sometimes when the market moves against her, she digs in more.”On a glorious August day in 2012, Wood returned home from work to an uncharacteristically quiet house. Her three children were at summer camp, and it was the first time she’d been alone that long since she moved to Connecticut in the mid-1990s. “I’m kind of stunned by the silence,” Wood recounts. “I walk into the kitchen to the counter. And I’m not happy, and I’m not sad. I’m just in that zen state.“Boom. That’s when it hit me. Why don’t you apply the technologies that have been disrupting other industries to your own? Think about it: your industry finances all of these disruptions that have changed other industries, and it hasn’t embraced them itself.” Within five minutes, the key foundations of what would become Ark’s approach came to her: adopting open source research, embracing online media, investing in innovation.Wood tells me the epiphany marked the culmination of six years of prayer. From about 2006, she had struggled to make sense of the changing financial landscape. On the advice of someone at her church, Walnut Hill Community Church, Wood had spent each morning reading from a devotional as her coffee was brewing, asking God to “show me what to do”. When it all came together, she knew “I had to start this firm, and I knew it would be successful. I knew it would be difficult too.”Wood believes she was “born with the gift of faith”, and it deepened through testing times like the stock market crashes in 2000 and 2008 and her divorce, she told an interviewer in 2020 on Jesus Calling, a podcast. When we discuss her religious practices, Wood chooses her words carefully. “Before I make a big move, I will always pray,” she says. “Prayer is a form of meditation too. It’s a very grounding experience. People who meditate deeply experience the same thing I do. And in those moments, I get answers… The holy spirit, if you want to just dwell on that, is the same thing as the Force.”Initially, Wood approached Peter Kraus, then chair and chief executive of AllianceBernstein, with her unorthodox pitch: she wanted to launch an actively managed ETF business devoted to disruptive and innovative companies. At the time, the ETF industry was dominated by passive funds that tracked an index such as the S&P 500 and was run by players like BlackRock, Vanguard Group and State Street Global Advisors. “I said no,” Kraus, who is now chair and chief executive of asset manager Aperture Investors, tells me, “because it didn’t seem like a high probability it would succeed. It was not because I didn’t like her. I don’t regret it.”Laffer also had doubts. “I talked with her at enormous length when she was going to set up Ark,” he says. “She weighed my advice and then went the other way.” Laffer worried about Wood giving up a stable job to start up in a fledgling part of the market and putting too much of her own money into Ark. “I did not want her to lose everything she had.”In January 2014, Wood founded Ark. For the first three years, she funded the business with her own money. (She rewarded Laffer with a small stake in Ark Invest, of less than 1 per cent.) Wood received an early investment of around $20mn for her first four ETFs from former hedge fund manager Bill Hwang, whom she met when they were both advisers to a religious group that ministers to young people on Wall Street. Hwang is now infamous for the implosion in March 2021 of his family office, Archegos Capital Management. A person with knowledge of the matter says Hwang admired Wood’s expertise in growth stocks, but that the investment in Ark was a show of support, rather than strategic. Hwang declined to comment for this article.For its first two years, Ark built but the clients failed to come. So Wood sold minority stakes and signed deals to help sell her funds. First to Resolute Investment Managers, an asset management platform and distributor, in 2016 and, the following year, to Japan’s Nikko Asset Management. It would take the pandemic – and a big and prescient bet on Tesla – to turn Wood into a star.In October 2020, as Ark’s performance was riding high, Resolute said it intended to exercise an option to buy a majority stake in the company. Wood pushed back. One former Ark employee tells me that, during this period, Wood was convinced she would regain control of the company even when colleagues thought it was highly unlikely. Wood turned to Todd Boehly, founder of Eldridge Industries, a holding company that makes investments, to lend Ark the funds to repurchase Resolute’s option and later reward Ark’s top employees with a share of the business.The former employee says Wood “feels very much on a journey doing God’s work. She’s moved by forces beyond the asset management game. She has confidence from her craft, but also she feels like she’s on the right side of… I don’t know what to call it. It gives her energy and strength. The God element is more a guide of her life path. God is not telling her to buy or sell shares.”Under the terms of the 2020 deal, Resolute remained Ark’s main distribution partner in the US, and Wood remained its majority shareholder. She was more personally exposed than ever. Resolute sold at what would turn out to be the top of the market. And when 2021 arrived, Ark’s performance began to unravel.The town of Bethel is named after a Hebrew word meaning “house of God”. Unlike Connecticut’s Gold Coast, where prominent financiers like hedge fund manager Ray Dalio own expensive waterfront properties overlooking the Long Island Sound, the sleepy inland streets here are lined with traditional New England timber-framed saltbox houses. Many of them are flying the Stars and Stripes. I’m here to attend a morning service at Walnut Hill, where Wood was an active member of the congregation until she moved to Florida last year.Walnut Hill is a nondenominational, evangelical megachurch, with four campuses across the state. Its purpose is “igniting a passion for Jesus in Connecticut, New England and around the world”, according to its website. In the vast entrance hall of the Bethel Campus, a sign hangs above the door reading “Go bring heaven to earth!”As I wait for the service to begin, I track down Reverend Brian Mowrey, one of Walnut Hill’s lead pastors. Wood has been coming here for more than a decade and has “been very engaged in life here”, Mowrey tells me. “She has a unique gift of being a futurist, very discerning of where things are going in our world, a great sensitivity to how God is moving and speaking.” He won’t say whether he’s an investor in Ark.We make our way to the darkened auditorium for the service, picking up our own individually packaged Eucharist on the way in. The lingering pandemic also means that the hall, which has capacity for hundreds of people, is far from full. Everything is broadcast online. The service is accompanied by a live band, and today’s theme for the homily is “Developing a Heavenly Mindset”.Afterwards, I’m standing in the church car park waiting for a friend to come and collect me, when a retired couple, John and Rita DePasquale, strike up a conversation. They have noticed me looking a bit lost. John, 76, who used to work in promotions and consumer packaging, says he came to his faith in his early thirties. “I was burning the candle at both ends, and then I found another way, a spiritual way.” He met Wood through the church but says he’s had “very little” interaction with her. He did, however, become an investor in Ark, following a recommendation from one of its clients: DePasquale’s son, Reverend Adam DePasquale, another of the lead pastors at Walnut Hill.The elder DePasquale says that, normally, his investment criteria include being a well-known company that’s a leader in its field and paying a consistent dividend. Still, Ark piqued his interest enough that he made a roughly $12,000 investment towards the end of 2020, when ARKK was trading at around $120. “The things she’s invested in made a lot of sense,” DePasquale says. “I got a sense that she sees paradigm shifts taking place – a gift.”Three months later, I check in with DePasquale to find out how he’s feeling about his investment, which is now down 40 per cent. He says he doesn’t have “any desire to bail out” or any financial need to sell right now. “I’ll wait. I have faith that it will come back, and she’ll turn it around. I think she has the right attitude towards innovation… I don’t want to buy high and sell low. That’s not a remedy to make money.”As our telephone call draws to a close, DePasquale asks if I would mind if he prayed for me. Not at all, I respond, assuming he means later on, privately. “Dear God,” he starts saying into the other end of the line, “thank you for Harriet and how she has used her skills and passion to seek wisdom… May you bless and protect her.”In February 2019, Tesla’s stock was trading at around $60. Ark, which holds a significant position in the electric carmaker, was bullish on its prospects, estimating that its share price could reach $3,000 by 2025. Wood was in a meeting room at the firm’s New York offices when she heard screams and laughter from her colleagues outside. She went out to find that Tesla chief executive Elon Musk had sent a direct Twitter message to Tasha Keeney, an Ark analyst, complimenting her on her work. Later, Musk joined Wood and Keeney on Ark’s regular FYI - For Your Innovation podcast. When I contact Musk via email about this story, he shoots back a single sentence: “Cathie and the Ark team think deeply about the future and are mostly correct. — EM”.Ark’s ability to speak in the emoji-laden, highly referential language of the meme stock generation is one example of what Ark means when it markets itself as an “untraditional investment manager”. Another is atypical hiring. The company has fewer than 50 employees, including around 20 in research and investing. Wood has surrounded herself with a team of young analysts, with backgrounds in subjects such as computer engineering or molecular biology, rather than a traditional grounding in finance. She says this is the best way to identify disruptive trends and to avoid consensus thinking. “I really believe that young people are at an advantage,” she says, because they “have one foot in the new world” and are native to certain parts of the market such as cryptocurrencies.Wood says the active management industry is dominated by short-term thinking and index trackers that avoid taking big bets and have high position overlap with their peers. Fear of the new, in other words. Ark set out to have a portfolio that has little overlap with the Nasdaq and the S&P 500. “The old world order describes [Ark] as highly speculative, highly risky and these other disparaging words,” she says. “Whereas what we are saying is, ‘No, you are in harm’s way. You are taking a risk by not doing the kind of research we’re doing.’”Closely guarded proprietary research is the norm in the mainstream asset management industry. But Ark publishes all its research and stock price targets online; it also discloses its positions and trades, which one critic says amounts to “playing poker with their cards faced up”. This practice certainly makes it easy to follow Wood. Unaffiliated websites, such as Cathiesark.com, publish the positions, trades and weight of all companies in Ark’s stable of ETFs daily. An entire ecosystem of copycat and related products have sprung up around Wood’s funds as a result.This includes products that allow investors to magnify their exposure to Ark’s ETFs – or to directly wager against them. Last November, Tuttle Capital Management unveiled the Nasdaq-listed Tuttle Short Innovation ETF (ticker: SARK), which gives investors the ability to bet against Wood’s ARKK. Since launching, SARK has grown from $5mn to $325mn in assets under management and is up 24 per cent this year. “Some people are using it as an anti-Cathie Wood bet,” says chief executive Matthew Tuttle, while others are using it as a hedge against their exposure to growth stocks at a time when interest rates and inflation are rising.Some people see flaws in Ark’s business model. Edwin Dorsey,a short seller and author of the Bear Cave newsletter, has criticised the team’s lack of experience. For example, Ark’s chief operating officer, Tom Staudt, who is in charge of its risk management, is a former account executive at a television station in Michigan. “At Ark you get out-of-the-box thinkers from non-traditional backgrounds,” says Dorsey. “But it relies a lot on young analysts who might be in over their skis.” He believes that Ark’s research is good at identifying technological trends, but he doesn’t “think it’s that rigorous when it comes to selecting individual stocks”.That can mean missing red flags that ought to have come up during due diligence. Dorsey says examples among Ark’s current or previous investments include: German payments company Wirecard, which collapsed into insolvency in June last year, following a multiyear fraud exposed by the FT; and, Vuzix, an augmented reality glasses company in which Ark owns more than 10 per cent, which has a history of consistent unprofitability, a short seller lawsuit and an informal enquiry by the US Securities and Exchange Commission.The validity of Ark’s financial models and headline-making predictions has also come into question. At least two people reckon they found erroneous judgments in the company’s publicly released valuation model for Tesla. These errors, they believe, contribute to an overestimation of what the electric carmaker could be worth. Some of Wood’s public predictions strain credulity. Notably in a 2018 video, she declared “monogenic stem cell therapy” a $2tn revenue opportunity, with “polygenic” versions of the treatment worth “however many trillions” more. Monogenic stem cell therapy is not a concept scientists recognise. Wood says Ark’s research on innovation is “the best in the financial world.”And then there’s Ark’s footprint in the marketplace. When it buys and sells positions in smaller, less frequently traded companies typical of the innovation space, Ark can have an outsized impact on their share price because these types of positions are less liquid than blue chips like Tesla and Zoom. (Across its ETFs, Ark owns stakes of more than 5 per cent in 37 companies, and owns more than 10 per cent of 18 of these companies, according to Morningstar.)“As Ark has been buying these small-cap companies, it has been pushing their share prices up,” says Dan Izzo, chief executive of GHCO, a registered market maker. “It’s a self-fulfilling prophecy on the way up.” Crucially, he notes, this works both ways. “If redemptions made Ark a forced seller of illiquid names then it could push down their share prices.” This could result in a downward spiral for Ark.For all Ark’s talk of transparency, it takes more than four months before Wood finally agrees to an interview. By this point, it’s mid-February and ARKK has halved from its peak the year before. The short sellers are being vindicated. Wood pops on to my laptop screen, instantly recognisable by her trademark horn-rimmed glasses and poker straight hair. She looks smart in a striped shirt, dark highlights framing her high cheekbones and perfect white teeth. “We are as calm and focused as you could possibly imagine,” she says. Despite the market turmoil and the mounting losses in her portfolios she sleeps “very easily” at night, “knowing that we have never been in a period of more innovation in history”.There’s one exception: the prospect of investors pulling their money from Ark’s fund at the worst possible moment. If clients do so now, Wood says they will turn “what we believe are temporary losses into permanent losses. What’s going to happen is the same thing that happened in 2008-2009. Those who got out had such seller’s remorse” because they missed the subsequent market rebound.‘The old world order describes [Ark] as highly speculative, highly risky and these other disparaging words,’ Wood says. ‘Whereas what we are saying is, “No, you are in harm’s way. You are taking a risk by not doing the kind of research we’re doing”’We take the big controversies facing Wood and Ark one at a time.Critics have suggested that the firm’s transparency makes it vulnerable to front-running. If the market can see everything Ark is doing, traders could use that information to try to get ahead of it. This is especially a risk in a downward market. If Ark, for example, had to sell positions to meet redemptions, other investors could see that and sell off first, pushing down prices even more. Wood dismisses this. “It’s very hard to front-run us,” she says, adding that if she sees the price of a stock that Ark is buying starting to move up dramatically, she halts the order. The same thing happens on the way down. “We can stop the sale if [they’re] driving a stock down because they know we’re just going to be selling, selling, selling. I can stop it if I want to.”Wood is more philosophical about the short sellers: “Well, that’s what makes a market. And if we’re right, they’re going to have to cover all of their shorts, and that’ll help with the swoosh when it happens. And I truly do believe it will.” She says she does not take the existence of SARK and others like it personally. “They’re not doing any research. That’s why that strategy is not going to work in the long run. It’ll work from time to time when we’re in risk-off periods.”Ark allows investors to redeem their money on a daily basis; the risk in a downturn such as this one is that they pull out in droves. But Ark’s asset retention has been better than expected, says Wood. She believes this is a result of Ark’s communications strategy. “We overcommunicate. We are constantly putting out research. We are tweeting to let our clients know nothing has changed from our point of view.”She believes that “this has helped our clients trust us” and keep their Ark investment. Tuttle agrees: “ARKK has not had as many outflows as you’d expect, given the returns.” But he thinks it’s because “retail investors have been conditioned to ‘buy the dip’ in growth stocks”, a strategy that has worked since 2009. “At some point there’s a level where everything starts to waver,” he adds, “I just don’t know where that is.”An important element of Wood’s vision — and one of the drivers of her seemingly boundless optimism — is that the deflationary trend of recent decades and generally low interest rates will continue: technological innovation suppresses costs, while companies whose products are being rendered obsolete will have to cut prices. “Many people think we have a permanent inflation problem,” she says. “We don’t.” If anything she believes that problems that emerged during the pandemic “are accelerating the rate at which innovation is taking place”.But Wood is fighting against the tide of central banks. Jennison’s Segalas says: “The problem right now is that interest rates are going up, and that tends to hurt valuations, particularly of growth companies with no current earnings power. A lot will depend on what happens to inflation and interest rates as to when her strategy is going to work.” He adds: “Eventually I think she’ll be right, but I don’t know how long that takes.” Eldridge’s Boehly says, “Ark has low fixed costs, very modest leverage and substantial liquidity, which allows it to ride out market volatility.”The challenge for Wood is that she may be correct in identifying the big trends in innovation but back the wrong companies. Even if her bets are right in the long term, Ark’s losses in the short term could wipe it out. To paraphrase Keynes, the stock market can remain irrational longer than many fund managers can stay solvent.Wood has clearly pondered the question of longevity. “Many people in our business… they’d be quite happy to see us disappear,” she says. Repeatedly during our conversation she refers to herself as a “lightning rod” for the industry. To these critics, Wood represents the worst aspects of a frothy market, the gate-crashing of low-information retail investors and the triumph of a good story over hard data. None of which can end soon enough. For her retail following, she represents a middle finger to all of that. Fans want to believe her stories of a better, brighter future filled with flying cars, green energy and longer, healthier lives.But as the interview draws to a close, Wood is keen to make one last, important point. When it comes to Ark’s investments, “the courage of my conviction” is not the result of any higher calling. It “comes from our research”, she says. “I just want to make that very clear.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":3,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058334017,"gmtCreate":1654784843439,"gmtModify":1676535510603,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>&nbsp;yes patience","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>&nbsp;yes patience","text":"$Grab Holdings(GRAB)$ yes patience","images":[{"img":"https://community-static.tradeup.com/news/8eac80f263f57802b71e9a33fca5f7ba","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9058334017","isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":148899866,"gmtCreate":1625965180755,"gmtModify":1703751236219,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Bank investors are hoping for something to get excited about this coming week when JPMorgan Chase, Goldman Sachs Group, and others report second-quarter results. They shouldn’t get their hopes up.","listText":"Bank investors are hoping for something to get excited about this coming week when JPMorgan Chase, Goldman Sachs Group, and others report second-quarter results. They shouldn’t get their hopes up.","text":"Bank investors are hoping for something to get excited about this coming week when JPMorgan Chase, Goldman Sachs Group, and others report second-quarter results. They shouldn’t get their hopes up.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/148899866","repostId":"1111444658","repostType":4,"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188459324,"gmtCreate":1623459918368,"gmtModify":1704204143048,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"always","listText":"always","text":"always","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/188459324","repostId":"2142202355","repostType":4,"repost":{"id":"2142202355","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":1623452280,"share":"https://www.laohu8.com/m/news/2142202355?lang=&edition=full","pubTime":"2021-06-12 06:58","market":"us","language":"en","title":"10-year Treasury yield logs biggest weekly slide in a year ahead of Fed meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2142202355","media":"Dow Jones","summary":"Long-dated U.S. government debt traded mixed on Friday, but benchmark bond yields saw a big weekly s","content":"<p>Long-dated U.S. government debt traded mixed on Friday, but benchmark bond yields saw a big weekly slump, with the 10-year note yield falling the most in about a year, as fixed-income investors saw recent inflation data supporting the thesis that rising prices will prove a temporary phenomenon.</p>\n<p>A number of other factors were also contributing to taking yields lower, including demand by banks and money-market funds, as well as short-covering by traders who expected yields to rise with inflation, analysts said.</p>\n<p><b>How Treasurys are performing</b></p>\n<p>On Thursday , the 10-year Treasury hit its lowest yield since March 2, while the long bond held at its lows not seen since Feb. 19, according to Dow Jones Market Data.</p>\n<p>For the week, the 10-year is down 9.7 basis points, for its steepest weekly slide since June 12, 2020; the 30-year shed 8.8 basis points, for its sharpest weekly decline since Dec. 11; while the 2-year note was virtually unchanged.</p>\n<p><b>What the debt market sees as key drivers</b></p>\n<p>Fixed-income markets have shaken off U.S. consumer-price data published Thursday that showed that inflation over the past year escalated to a 13-year high of 5% from 4.2% in the prior month. That put it at the highest level since 2008, when the cost of oil hit a record $150 a barrel. Before that, the last time inflation was as high was in 1991.</p>\n<p>A number of analysts said they are betting that the recent data on inflation suggests that pricing pressures won't be longstanding.</p>\n<p>Economists have pointed to so-called base effects as a big contributor to much of the elevated inflation, meaning months of falling inflation early in the pandemic last year were phased out from yearly measures as time passed, leading to mechanically higher price levels.</p>\n<p>Meanwhile, the recovery in payrolls, as gauged by the Labor Department's May report earlier this month, hasn't instilled confidence that the jobs market is matching the rise in inflation, implying that the recovery may take longer to normalize.</p>\n<p>In a Tuesday report, job openings soared to 9.3 million in April from a revised 8.3 million in the prior month, even as the U.S. economy added a comparatively sluggish 837,000 new jobs in May and April, combined.</p>\n<p>Another factor that may also be adding to the fall in yields is increased appetite for Treasurys among banks and money-market funds and fading expectations that the Biden administration will be able to quickly push forward its proposed large infrastructure spending package.</p>\n<p>Investor positioning also has been blamed for the yield slump as some traders had been betting that yields would steepen in the wake of the hot CPI inflation report.</p>\n<p>Markets may gain more clarity next week when the Federal Reserve's rate-setting Federal Open Market Committee convenes its two-day policy meeting starting June 15. The European Central Bank on Thursday kept in place its monetary policy and communicated the view that inflation will be transitory.</p>\n<p><b>What analysts and traders say</b></p>\n<p>\"Record increases in CPI for a second straight month were driven by transportation costs. That's not the only price increase, but monthly changes would be a lot lower without the impact of used vehicles soaring above a decade-long trend,\" wrote Jim Vogel, executive v.p. president at FHN Financial.</p>\n<p>\"Bond investors apparently are willing to track CPI-ex autos in the same way they adjust autos from retail sales. This is not the best way to do it, but it's understandable in the moment,\" the analyst said.</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>10-year Treasury yield logs biggest weekly slide in a year ahead of Fed meeting</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\">\n10-year Treasury yield logs biggest weekly slide in a year ahead of Fed meeting\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\">2021-06-12 06:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Long-dated U.S. government debt traded mixed on Friday, but benchmark bond yields saw a big weekly slump, with the 10-year note yield falling the most in about a year, as fixed-income investors saw recent inflation data supporting the thesis that rising prices will prove a temporary phenomenon.</p>\n<p>A number of other factors were also contributing to taking yields lower, including demand by banks and money-market funds, as well as short-covering by traders who expected yields to rise with inflation, analysts said.</p>\n<p><b>How Treasurys are performing</b></p>\n<p>On Thursday , the 10-year Treasury hit its lowest yield since March 2, while the long bond held at its lows not seen since Feb. 19, according to Dow Jones Market Data.</p>\n<p>For the week, the 10-year is down 9.7 basis points, for its steepest weekly slide since June 12, 2020; the 30-year shed 8.8 basis points, for its sharpest weekly decline since Dec. 11; while the 2-year note was virtually unchanged.</p>\n<p><b>What the debt market sees as key drivers</b></p>\n<p>Fixed-income markets have shaken off U.S. consumer-price data published Thursday that showed that inflation over the past year escalated to a 13-year high of 5% from 4.2% in the prior month. That put it at the highest level since 2008, when the cost of oil hit a record $150 a barrel. Before that, the last time inflation was as high was in 1991.</p>\n<p>A number of analysts said they are betting that the recent data on inflation suggests that pricing pressures won't be longstanding.</p>\n<p>Economists have pointed to so-called base effects as a big contributor to much of the elevated inflation, meaning months of falling inflation early in the pandemic last year were phased out from yearly measures as time passed, leading to mechanically higher price levels.</p>\n<p>Meanwhile, the recovery in payrolls, as gauged by the Labor Department's May report earlier this month, hasn't instilled confidence that the jobs market is matching the rise in inflation, implying that the recovery may take longer to normalize.</p>\n<p>In a Tuesday report, job openings soared to 9.3 million in April from a revised 8.3 million in the prior month, even as the U.S. economy added a comparatively sluggish 837,000 new jobs in May and April, combined.</p>\n<p>Another factor that may also be adding to the fall in yields is increased appetite for Treasurys among banks and money-market funds and fading expectations that the Biden administration will be able to quickly push forward its proposed large infrastructure spending package.</p>\n<p>Investor positioning also has been blamed for the yield slump as some traders had been betting that yields would steepen in the wake of the hot CPI inflation report.</p>\n<p>Markets may gain more clarity next week when the Federal Reserve's rate-setting Federal Open Market Committee convenes its two-day policy meeting starting June 15. The European Central Bank on Thursday kept in place its monetary policy and communicated the view that inflation will be transitory.</p>\n<p><b>What analysts and traders say</b></p>\n<p>\"Record increases in CPI for a second straight month were driven by transportation costs. That's not the only price increase, but monthly changes would be a lot lower without the impact of used vehicles soaring above a decade-long trend,\" wrote Jim Vogel, executive v.p. president at FHN Financial.</p>\n<p>\"Bond investors apparently are willing to track CPI-ex autos in the same way they adjust autos from retail sales. This is not the best way to do it, but it's understandable in the moment,\" the analyst said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142202355","content_text":"Long-dated U.S. government debt traded mixed on Friday, but benchmark bond yields saw a big weekly slump, with the 10-year note yield falling the most in about a year, as fixed-income investors saw recent inflation data supporting the thesis that rising prices will prove a temporary phenomenon.\nA number of other factors were also contributing to taking yields lower, including demand by banks and money-market funds, as well as short-covering by traders who expected yields to rise with inflation, analysts said.\nHow Treasurys are performing\nOn Thursday , the 10-year Treasury hit its lowest yield since March 2, while the long bond held at its lows not seen since Feb. 19, according to Dow Jones Market Data.\nFor the week, the 10-year is down 9.7 basis points, for its steepest weekly slide since June 12, 2020; the 30-year shed 8.8 basis points, for its sharpest weekly decline since Dec. 11; while the 2-year note was virtually unchanged.\nWhat the debt market sees as key drivers\nFixed-income markets have shaken off U.S. consumer-price data published Thursday that showed that inflation over the past year escalated to a 13-year high of 5% from 4.2% in the prior month. That put it at the highest level since 2008, when the cost of oil hit a record $150 a barrel. Before that, the last time inflation was as high was in 1991.\nA number of analysts said they are betting that the recent data on inflation suggests that pricing pressures won't be longstanding.\nEconomists have pointed to so-called base effects as a big contributor to much of the elevated inflation, meaning months of falling inflation early in the pandemic last year were phased out from yearly measures as time passed, leading to mechanically higher price levels.\nMeanwhile, the recovery in payrolls, as gauged by the Labor Department's May report earlier this month, hasn't instilled confidence that the jobs market is matching the rise in inflation, implying that the recovery may take longer to normalize.\nIn a Tuesday report, job openings soared to 9.3 million in April from a revised 8.3 million in the prior month, even as the U.S. economy added a comparatively sluggish 837,000 new jobs in May and April, combined.\nAnother factor that may also be adding to the fall in yields is increased appetite for Treasurys among banks and money-market funds and fading expectations that the Biden administration will be able to quickly push forward its proposed large infrastructure spending package.\nInvestor positioning also has been blamed for the yield slump as some traders had been betting that yields would steepen in the wake of the hot CPI inflation report.\nMarkets may gain more clarity next week when the Federal Reserve's rate-setting Federal Open Market Committee convenes its two-day policy meeting starting June 15. The European Central Bank on Thursday kept in place its monetary policy and communicated the view that inflation will be transitory.\nWhat analysts and traders say\n\"Record increases in CPI for a second straight month were driven by transportation costs. That's not the only price increase, but monthly changes would be a lot lower without the impact of used vehicles soaring above a decade-long trend,\" wrote Jim Vogel, executive v.p. president at FHN Financial.\n\"Bond investors apparently are willing to track CPI-ex autos in the same way they adjust autos from retail sales. This is not the best way to do it, but it's understandable in the moment,\" the analyst said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957133805,"gmtCreate":1677072330008,"gmtModify":1677072332852,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S58.SI\">$SATS LTD.(S58.SI)$ </a>&nbsp;was too high for me previously. drop a bit&nbsp;more and I'm tempted buy some.","listText":"<a href=\"https://ttm.financial/S/S58.SI\">$SATS LTD.(S58.SI)$ </a>&nbsp;was too high for me previously. drop a bit&nbsp;more and I'm tempted buy some.","text":"$SATS LTD.(S58.SI)$ was too high for me previously. drop a bit more and I'm tempted buy some.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9957133805","isVote":1,"tweetType":1,"viewCount":633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969611113,"gmtCreate":1668427689232,"gmtModify":1676538054837,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"ok.&nbsp;","listText":"ok.&nbsp;","text":"ok.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9969611113","repostId":"1179041973","repostType":2,"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9061214192,"gmtCreate":1651627776347,"gmtModify":1676534938871,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>have the price bottomed?&nbsp;","listText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>have the price bottomed?&nbsp;","text":"$Nanofilm(MZH.SI)$have the price bottomed?","images":[{"img":"https://community-static.tradeup.com/news/9c52370e4301d4d1e1c93a59866cf1d5","width":"840","height":"1493"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061214192","isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9080982818,"gmtCreate":1649831735907,"gmtModify":1676534586187,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>so... FY report is out. 1c/share","listText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>so... FY report is out. 1c/share","text":"$Nanofilm(MZH.SI)$so... FY report is out. 1c/share","images":[{"img":"https://community-static.tradeup.com/news/ccaa4d471d27319c1a2822cc1b6e9449","width":"840","height":"1813"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080982818","isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9015752283,"gmtCreate":1649557521933,"gmtModify":1676534529805,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Goondu","avatar":"https://static.tigerbbs.com/239026a67b093628454229400edb283a","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>let's go","listText":"<a href=\"https://ttm.financial/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>let's go","text":"$Nanofilm(MZH.SI)$let's go","images":[{"img":"https://community-static.tradeup.com/news/ad6a09de0f43d919cb5b4eedcf366d11","width":"840","height":"2715"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9015752283","isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}