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05-21

May I ask if there is any downside if I sell put option say GOOGL at strike price $100 with expiry in Dec 2026

2022-07-21

Wise words

Top 5 Best Ways to Lose Money Trading Options

2022-06-21

Yay!

Big Tech Stocks Jumped in Premarket Trading

2022-06-19

Looking forward!

The Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA

2022-06-16

Scenario 2 is not bad too. It will be a super sale

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2022-06-13

I agree!

@LiverpoolRed:$Alibaba(BABA)$The price will go up to more than $150 jn next year. Give me a like if u agree with me

2022-05-23

Great article

How To Invest In A Bear Market

2022-03-03

Go long on this one😉

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2022-02-28

This space is getting crowded

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2022-02-27

Yay!

Berkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%

2022-02-12

Go go BNTX!

Vaccine Stocks Gained in Morning Trading, with Novavax Rising Over 4%

2022-02-11

It will fly once pandemic is over!

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2022-02-07

Is there a simpler way to explain the scenario?

The Next 'Pain Trade' Could Be on the Horizon as Investors Crowd into Bets Pegged to Fed Monetary Policy

2022-01-21

A good stock to accumulate which price dips.

Apple stock has made a huge move higher — is it time to sell?

2022-01-17

I like SEA😊

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2021-09-18

Hopefully bottom is reached

Hong Kong shares rebound, led by tech, healthcare

2021-09-18

All respectable counters??

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2021-09-10

Just play with money u can afford to lose if you want to play.

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2021-07-29

It is already a lifestyle !

Starbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.

2021-07-29

Amazing how drastic the measures can be!

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Go to Tiger App to see more news

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I ask if there is any downside if I sell put option say GOOGL at strike price $100 with expiry in Dec 2026","listText":"May I ask if there is any downside if I sell put option say GOOGL at strike price $100 with expiry in Dec 2026","text":"May I ask if there is any downside if I sell put option say GOOGL at strike price $100 with expiry in Dec 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words","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074415761","repostId":"2253761243","repostType":4,"repost":{"id":"2253761243","kind":"highlight","pubTimestamp":1658376356,"share":"https://ttm.financial/m/news/2253761243?lang=&edition=fundamental","pubTime":"2022-07-21 12:05","market":"us","language":"en","title":"Top 5 Best Ways to Lose Money Trading Options","url":"https://stock-news.laohu8.com/highlight/detail?id=2253761243","media":"TheStreet","summary":"Contents5. Buying options that are too far out-of-the-money4. Buying options that are too close to e","content":"<html><head></head><body><h2>Contents</h2><p>5. Buying options that are too far out-of-the-money</p><p>4. Buying options that are too close to expiration</p><p>3. Trading Illiquid Options</p><p>2. YOLOing</p><p>1. Betting Money You Don’t Have: Naked Options &amp; Margin</p><p>We talk a lot about what traders <b>should do</b> to remain disciplined as they wade through the often choppy waters of the market. Today, we’re looking at the opposite: what traders <b>shouldn’t do</b><i>. </i>We’re breaking out our list of the <u>top 5 best ways to lose money trading options</u>.</p><p>Well known options trading subreddit Wall Street Bets has famously perfected this art, so alongside each of these warnings will be a cautionary tale sourced from Reddit’s most popular stock market community. If you’re easily offended by <i>soul-crushing option losses</i>, this is your trigger warning: turn back now.</p><p>Still here? Good. Let’s start with an easy way to lose money trading options:</p><h2>5. Buying options that are too far out-of-the-money</h2><p>This one is common amongst option trading newbies. It goes like this:</p><ul><li>You think stock XYZ is going up.</li><li>You buy a call option.</li><li>The stock is $100 per share, but you’re buying the $150 strike call with a delta of 0.0067.</li><li>Over the week, the stock rises 5% to $105 per share! What a gain!</li><li>Wait a second… <b>Why aren’t my options going up?</b></li></ul><p><b>Answer</b>: You bought options that have a very low probability of profit. Yes, you were right about the direction of the stock movement, but it wasn’t moving <i>fast enough</i> to increase the probability of your option expiring in-the-money by the expiration date you chose!</p><p><b>In short</b>: Theta ate your options</p><p>To avoid this mistake, get familiar with delta. Delta is the option greek that measures your option’s sensitivity to dollar moves in the underlying stock. But many also view delta as a proxy for an option’s probability of expiring in-the-money. That 0.0067 delta option you bought? You can think of that as having a 0.67% chance of expiring ITM.</p><p><b>Translation</b>: You may as well buy a scratch off ticket if you’re looking for those odds.</p><p><img src=\"https://www.thestreet.com/.image/t_share/MTkxMDM1NzY4NzU0NDE0OTU4/irymbd0hamc91.png\" tg-width=\"1113\" tg-height=\"1200\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Pictured: What happens when you bet-big on low-probability outcomes.</p><p>Speaking of expiration dates, theta decay, and buying low quality options, here’s another common way that option traders <b>lose</b> money:</p><h2>4. Buying options that are too close to expiration</h2><p>This story is similar to the last one.</p><ul><li>You think stock XYZ is going up.</li><li>You buy a call option.</li><li>The option expires tomorrow.</li><li>As the day goes on, the stock churns around, ending the day flat.</li><li>But wait… the stock didn’t go down between the time I bought the option and now, so <b>why is my option constantly losing value?</b></li></ul><p><b>Answer</b>: Long options like calls and puts are subject to something called theta decay. Like delta, theta is an option greek. However instead of measuring sensitivity to dollar moves in a stock (like delta), theta measures an options sensitivity to <i>time. </i>The closer your option is to expiration, and the further out of the money your option is, the more sensitive your option becomes.</p><p><b>In short</b>: You got theta’d <b>again</b>! At least the premium collector who sold you that option is happy.</p><p>Scroll to Continue</p><h2><a href=\"https://laohu8.com/S/TST\">TheStreet</a> Recommends</h2><p></p><p><img src=\"https://static.tigerbbs.com/9e87dce439d0cd55b614ad79cef2f4c3\" tg-width=\"620\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>INVESTINGWYNNLVSMLCO</p><h2>Las Vegas Casinos Should See Bump From Macau Reopening</h2><p>23 minutes ago<img src=\"https://static.tigerbbs.com/fe45005afa1099da2afcfbbeaf93988e\" tg-width=\"620\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>INVESTINGCCLRCLNCLH</p><h2>Carnival CEO Explains When Covid Testing, Vaccine Rules Will End</h2><p>26 minutes ago<img src=\"https://static.tigerbbs.com/d0aa0c8b932e21647944905b017b0451\" tg-width=\"620\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>INVESTINGYUMSBUXWMT</p><h2>Which Employers Pay for a College Degree?</h2><p>42 minutes ago</p><p></p><p>To avoid this mistake, get familiar with<b> the theta decay curve</b>.</p><p><img src=\"https://static.tigerbbs.com/a2e510155f6b953b8da86fd62e4c13aa\" tg-width=\"1200\" tg-height=\"812\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Market Rebellion</p><p>Basically, time decay isn’t <i>so </i>bad if your option has more than 60 days to expire. But as time passes the decay begins to accelerate, hitting max velocity around the 14-day mark. If you’re trading an option with <b>less</b> than 14 days to expiration, that’s okay — but you better have a plan. Market Rebellion Co-Founder Jon Najarian calls these short-term option trades “the deep end of the pool”.</p><p><b>Translation</b>: If you’re new here, this is an area you might want to avoid… unless you have guidance from a licensed professional.</p><blockquote><b><i>Want to make short term option trades with guidance from a licensed CMT? Try Rebel Weekly.</i></b><b> </b><b><i>Get two easy to follow momentum-driven trade ideas designed to capture technical breakouts and breakdowns — delivered to your inbox every week.</i></b></blockquote><p><img src=\"https://static.tigerbbs.com/4e094a022bcc5f696a1119702da79725\" tg-width=\"978\" tg-height=\"1200\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Pictured: Inexperience + many, many short-term options.</p><p>Alright, maybe you’ve traded a few options before. You know the basics — don’t go too far OTM, be careful about short-dated options… But here’s one more way that option traders may trap themselves in a low-quality position:</p><h2>3. Trading Illiquid Options</h2><p>This is especially common when entering multi-legged option trades in low-volume stocks. It goes like this:</p><ul><li>Stock XYZ doesn’t get a lot of action — you think it’s going to trade flat for a while.</li><li>You sell a short iron condor — a four-legged spread.</li><li>As you enter the trade, you notice the bid/ask is several dollars wide.</li><li>You have trouble getting filled at the mid price, and so you must continually ratchet down your maximum credit in order to get filled.</li><li>You finally get filled for an unfavorable price, and you start the trade off at a “paper loss”.</li><li>As the week goes on, the stock remains mostly flat — this is what you wanted! But now, you must contend with the same issue yet again: getting filled at a reasonable price as you attempt to close the trade.</li><li>You’re faced with two options:</li><ul><li>Wait around, hoping your order executes before the stock leaves your profitability zone.</li><li>Overpay to close your spread, sacrificing some or all of the profit you made.</li></ul><li>Well that’s frustrating. <b>How can I avoid this problem?</b></li></ul><p><img src=\"https://static.tigerbbs.com/4f39fa906d4dcf41522c8362b82f215e\" tg-width=\"1200\" tg-height=\"111\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Answer</b>: Get familiar with <b>open interest</b> and <b>volume</b>. These are two important liquidity metrics for any option trader to understand — even if you aren’t trading spreads. Volume indicates the total number of option contracts bought and sold for that day. Open interest indicates the total number of active option contracts out there.</p><p><b>In short</b>: It isn’t just about <i>being right</i>, it’s about <i>picking the right tool</i> <i>for the job.</i></p><p><b>Translation</b>: If the volume and open interest are low or next to nothing, your probability of getting a good fill is too. Remember, the Market Maker will need to match the highest bid with the lowest offer — that’s the mid price.</p><p>It’s important to search for tight bid/ask spreads whenever possible. If the spread is particularly wide, that’s a good sign you’ll have trouble reliably getting your order filled near the mid price.</p><p>There isn’t really a great “picture” of someone frustratedly trying to get filled on a low-volume option, so instead, here’s an example of what a low-liquidity option chain looks like.</p><p><img src=\"https://static.tigerbbs.com/364acba6810e3ae6a68f5e9539a2764f\" tg-width=\"1200\" tg-height=\"651\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Notice the low volume and wide bid/ask spreads. Walking into these contracts is like walking into an empty room.</p><p>So far, these have all been about avoiding <i>low quality options</i>. The next big “don’t” is about avoiding a <i>low quality trading</i> <i>style</i>.</p><h2>2. YOLOing</h2><p>Made famous by the option trading subreddit Wall Street Bets, YOLOing means allocating your entire portfolio to one trade — despite the potential reward, the high risk means the YOLO (You Only Live Once) trade is highly, highly, not advised.</p><ul><li>You’re <i>sure</i> that stock XYZ is going higher today.</li><li>So sure in fact that you stake the entirety of your portfolio on that outcome.</li><li>Surprise: It doesn’t. You’re wrong. And because you used the whole of your portfolio to make this bet, the damage is magnified.</li><li><b>How can I make sure this never happens again?!</b></li></ul><p><b>Answer</b>: Start developing your risk management skills. Option leverage is an incredibly versatile tool that can help traders to risk <i>less</i> — allowing traders to risk just a portion of the value of 100 shares in exchange for up to 100 shares worth of leverage. But with great power comes great responsibility — and it’s your responsibility not to abuse option leverage with high-risk scenarios.</p><p><b>Translation</b>: You might be a great trader, but no one is perfect. If you’re YOLOing your entire account trade after trade, it only takes one mistake to wipe out years of hard work.</p><p><b>In short</b>: Don’t end up like this guy:</p><p><img src=\"https://static.tigerbbs.com/badceee37647440caa7da411ba4102d7\" tg-width=\"975\" tg-height=\"1200\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><i>YOLO: ✔️Short-Term: ✔️OTM: ✔️— That’s literally ¾ of the things we’ve covered so far!</i></p><p>Okay, up until now these traders have made some serious option trading mistakes. But they’ve all avoided the cardinal rule. They’ve all avoided the worst mistake on this list:</p><h2>1. Betting Money You Don’t Have: Naked Options &amp; Margin</h2><p>Yes. These traders lost a lot of money. Yes, they’re all probably pretty sad about it. But at least they only lost down to zero. Here’s a scenario that’s even worse:</p><ul><li>Your brokerage allows you to deploy naked option strategies, withholding some collateral and covering the rest with margin.</li><ul><li>Because a stock can technically rise infinitely, strategies like short strangles, short straddles and short calls have infinite risk.</li></ul><li>You decide to ignore this glaring risk, and instead attempt to collect the premium from a short straddle ahead of stock XYZ’s earnings event.</li><ul><li>Earnings are associated with high-cost options — and high-volatility moves.</li><li>In a short straddle, your goal is for a stock not to move.</li></ul><li>Unfortunately, the stock does move — a lot, creating a larger loss than the value of your portfolio overnight.</li><li>The loss triggers a margin call, your brokerage liquidates your portfolio, and you’re left with a <b>negative value</b> — a debt you must now pay in exchange for your option trading hubris.</li><li>All I wanted to do was collect a premium! <b>Is there a way to sell options without incurring infinite risk?</b></li></ul><p><b>Answer</b>: Yes, there are plenty of strategies to sell options with defined risk. Market Rebellion has entire services dedicated to doing just that! Strategies like credit spreads, short iron condors, short iron butterflies and covered calls are just a few ways that you can sell options without the potential for the trade to go into the negative.</p><p><b>Translation</b>: By selling an option <i>against </i>another option, you define your maximum risk.</p><p><b>In short</b>: Like YOLOing, one wrong move can obliterate years of hard work. Unlike YOLOing, this strategy can send you into bankruptcy. Naked options: never, ever, ever, ever.</p><p>Unless you want to end up like these guys:</p><p><img src=\"https://static.tigerbbs.com/5f83329494af07db81d6ce32c2e29a7d\" tg-width=\"600\" tg-height=\"1200\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/ab2d520fee2f3a06bfda458d9bbd96e7\" tg-width=\"1200\" tg-height=\"697\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>The Bottom Line</b>: Looking at pictures of massive losses is all fun and games until it happens to you. By avoiding these five critical option trading mistakes, it’s possible to have a long, successful option trading career.</p></body></html>","source":"thestreet_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top 5 Best Ways to Lose Money Trading Options</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\">\nTop 5 Best Ways to Lose Money Trading Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-21 12:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/options/top-5-best-ways-to-lose-money-trading-options><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Contents5. Buying options that are too far out-of-the-money4. Buying options that are too close to expiration3. Trading Illiquid Options2. YOLOing1. Betting Money You Don’t Have: Naked Options & ...</p>\n\n<a href=\"https://www.thestreet.com/investing/options/top-5-best-ways-to-lose-money-trading-options\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/options/top-5-best-ways-to-lose-money-trading-options","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2253761243","content_text":"Contents5. Buying options that are too far out-of-the-money4. Buying options that are too close to expiration3. Trading Illiquid Options2. YOLOing1. Betting Money You Don’t Have: Naked Options & MarginWe talk a lot about what traders should do to remain disciplined as they wade through the often choppy waters of the market. Today, we’re looking at the opposite: what traders shouldn’t do. We’re breaking out our list of the top 5 best ways to lose money trading options.Well known options trading subreddit Wall Street Bets has famously perfected this art, so alongside each of these warnings will be a cautionary tale sourced from Reddit’s most popular stock market community. If you’re easily offended by soul-crushing option losses, this is your trigger warning: turn back now.Still here? Good. Let’s start with an easy way to lose money trading options:5. Buying options that are too far out-of-the-moneyThis one is common amongst option trading newbies. It goes like this:You think stock XYZ is going up.You buy a call option.The stock is $100 per share, but you’re buying the $150 strike call with a delta of 0.0067.Over the week, the stock rises 5% to $105 per share! What a gain!Wait a second… Why aren’t my options going up?Answer: You bought options that have a very low probability of profit. Yes, you were right about the direction of the stock movement, but it wasn’t moving fast enough to increase the probability of your option expiring in-the-money by the expiration date you chose!In short: Theta ate your optionsTo avoid this mistake, get familiar with delta. Delta is the option greek that measures your option’s sensitivity to dollar moves in the underlying stock. But many also view delta as a proxy for an option’s probability of expiring in-the-money. That 0.0067 delta option you bought? You can think of that as having a 0.67% chance of expiring ITM.Translation: You may as well buy a scratch off ticket if you’re looking for those odds.Pictured: What happens when you bet-big on low-probability outcomes.Speaking of expiration dates, theta decay, and buying low quality options, here’s another common way that option traders lose money:4. Buying options that are too close to expirationThis story is similar to the last one.You think stock XYZ is going up.You buy a call option.The option expires tomorrow.As the day goes on, the stock churns around, ending the day flat.But wait… the stock didn’t go down between the time I bought the option and now, so why is my option constantly losing value?Answer: Long options like calls and puts are subject to something called theta decay. Like delta, theta is an option greek. However instead of measuring sensitivity to dollar moves in a stock (like delta), theta measures an options sensitivity to time. The closer your option is to expiration, and the further out of the money your option is, the more sensitive your option becomes.In short: You got theta’d again! At least the premium collector who sold you that option is happy.Scroll to ContinueTheStreet RecommendsINVESTINGWYNNLVSMLCOLas Vegas Casinos Should See Bump From Macau Reopening23 minutes agoINVESTINGCCLRCLNCLHCarnival CEO Explains When Covid Testing, Vaccine Rules Will End26 minutes agoINVESTINGYUMSBUXWMTWhich Employers Pay for a College Degree?42 minutes agoTo avoid this mistake, get familiar with the theta decay curve.Source: Market RebellionBasically, time decay isn’t so bad if your option has more than 60 days to expire. But as time passes the decay begins to accelerate, hitting max velocity around the 14-day mark. If you’re trading an option with less than 14 days to expiration, that’s okay — but you better have a plan. Market Rebellion Co-Founder Jon Najarian calls these short-term option trades “the deep end of the pool”.Translation: If you’re new here, this is an area you might want to avoid… unless you have guidance from a licensed professional.Want to make short term option trades with guidance from a licensed CMT? Try Rebel Weekly. Get two easy to follow momentum-driven trade ideas designed to capture technical breakouts and breakdowns — delivered to your inbox every week.Pictured: Inexperience + many, many short-term options.Alright, maybe you’ve traded a few options before. You know the basics — don’t go too far OTM, be careful about short-dated options… But here’s one more way that option traders may trap themselves in a low-quality position:3. Trading Illiquid OptionsThis is especially common when entering multi-legged option trades in low-volume stocks. It goes like this:Stock XYZ doesn’t get a lot of action — you think it’s going to trade flat for a while.You sell a short iron condor — a four-legged spread.As you enter the trade, you notice the bid/ask is several dollars wide.You have trouble getting filled at the mid price, and so you must continually ratchet down your maximum credit in order to get filled.You finally get filled for an unfavorable price, and you start the trade off at a “paper loss”.As the week goes on, the stock remains mostly flat — this is what you wanted! But now, you must contend with the same issue yet again: getting filled at a reasonable price as you attempt to close the trade.You’re faced with two options:Wait around, hoping your order executes before the stock leaves your profitability zone.Overpay to close your spread, sacrificing some or all of the profit you made.Well that’s frustrating. How can I avoid this problem?Answer: Get familiar with open interest and volume. These are two important liquidity metrics for any option trader to understand — even if you aren’t trading spreads. Volume indicates the total number of option contracts bought and sold for that day. Open interest indicates the total number of active option contracts out there.In short: It isn’t just about being right, it’s about picking the right tool for the job.Translation: If the volume and open interest are low or next to nothing, your probability of getting a good fill is too. Remember, the Market Maker will need to match the highest bid with the lowest offer — that’s the mid price.It’s important to search for tight bid/ask spreads whenever possible. If the spread is particularly wide, that’s a good sign you’ll have trouble reliably getting your order filled near the mid price.There isn’t really a great “picture” of someone frustratedly trying to get filled on a low-volume option, so instead, here’s an example of what a low-liquidity option chain looks like.Notice the low volume and wide bid/ask spreads. Walking into these contracts is like walking into an empty room.So far, these have all been about avoiding low quality options. The next big “don’t” is about avoiding a low quality trading style.2. YOLOingMade famous by the option trading subreddit Wall Street Bets, YOLOing means allocating your entire portfolio to one trade — despite the potential reward, the high risk means the YOLO (You Only Live Once) trade is highly, highly, not advised.You’re sure that stock XYZ is going higher today.So sure in fact that you stake the entirety of your portfolio on that outcome.Surprise: It doesn’t. You’re wrong. And because you used the whole of your portfolio to make this bet, the damage is magnified.How can I make sure this never happens again?!Answer: Start developing your risk management skills. Option leverage is an incredibly versatile tool that can help traders to risk less — allowing traders to risk just a portion of the value of 100 shares in exchange for up to 100 shares worth of leverage. But with great power comes great responsibility — and it’s your responsibility not to abuse option leverage with high-risk scenarios.Translation: You might be a great trader, but no one is perfect. If you’re YOLOing your entire account trade after trade, it only takes one mistake to wipe out years of hard work.In short: Don’t end up like this guy:YOLO: ✔️Short-Term: ✔️OTM: ✔️— That’s literally ¾ of the things we’ve covered so far!Okay, up until now these traders have made some serious option trading mistakes. But they’ve all avoided the cardinal rule. They’ve all avoided the worst mistake on this list:1. Betting Money You Don’t Have: Naked Options & MarginYes. These traders lost a lot of money. Yes, they’re all probably pretty sad about it. But at least they only lost down to zero. Here’s a scenario that’s even worse:Your brokerage allows you to deploy naked option strategies, withholding some collateral and covering the rest with margin.Because a stock can technically rise infinitely, strategies like short strangles, short straddles and short calls have infinite risk.You decide to ignore this glaring risk, and instead attempt to collect the premium from a short straddle ahead of stock XYZ’s earnings event.Earnings are associated with high-cost options — and high-volatility moves.In a short straddle, your goal is for a stock not to move.Unfortunately, the stock does move — a lot, creating a larger loss than the value of your portfolio overnight.The loss triggers a margin call, your brokerage liquidates your portfolio, and you’re left with a negative value — a debt you must now pay in exchange for your option trading hubris.All I wanted to do was collect a premium! Is there a way to sell options without incurring infinite risk?Answer: Yes, there are plenty of strategies to sell options with defined risk. Market Rebellion has entire services dedicated to doing just that! Strategies like credit spreads, short iron condors, short iron butterflies and covered calls are just a few ways that you can sell options without the potential for the trade to go into the negative.Translation: By selling an option against another option, you define your maximum risk.In short: Like YOLOing, one wrong move can obliterate years of hard work. Unlike YOLOing, this strategy can send you into bankruptcy. Naked options: never, ever, ever, ever.Unless you want to end up like these guys:The Bottom Line: Looking at pictures of massive losses is all fun and games until it happens to you. By avoiding these five critical option trading mistakes, it’s possible to have a long, successful option trading career.","news_type":1},"isVote":1,"tweetType":1,"viewCount":483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9049288202,"gmtCreate":1655800159906,"gmtModify":1676535707751,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Yay!","listText":"Yay!","text":"Yay!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049288202","repostId":"1115969865","repostType":2,"repost":{"id":"1115969865","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1655799711,"share":"https://ttm.financial/m/news/1115969865?lang=&edition=fundamental","pubTime":"2022-06-21 16:21","market":"us","language":"en","title":"Big Tech Stocks Jumped in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1115969865","media":"Tiger Newspress","summary":"Big tech stocks jumped in premarket trading. Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Net","content":"<html><head></head><body><p>Big tech stocks jumped in premarket trading. Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Netflix, Tesla and Nvidia climbed between 2% and 3%.</p><p><img src=\"https://static.tigerbbs.com/e955615afcb26359435f0a6f20eccdba\" tg-width=\"379\" tg-height=\"480\" referrerpolicy=\"no-referrer\"/></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>Big Tech Stocks Jumped in Premarket Trading</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\">\nBig Tech Stocks Jumped in Premarket Trading\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\">2022-06-21 16:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Big tech stocks jumped in premarket trading. Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Netflix, Tesla and Nvidia climbed between 2% and 3%.</p><p><img src=\"https://static.tigerbbs.com/e955615afcb26359435f0a6f20eccdba\" tg-width=\"379\" tg-height=\"480\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞","GOOGL":"谷歌A","MSFT":"微软","META":"Meta Platforms, Inc.","TSLA":"特斯拉","AMZN":"亚马逊","AAPL":"苹果","NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115969865","content_text":"Big tech stocks jumped in premarket trading. Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Netflix, Tesla and Nvidia climbed between 2% and 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9057751658,"gmtCreate":1655570740774,"gmtModify":1676535663878,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Looking forward!","listText":"Looking forward!","text":"Looking forward!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057751658","repostId":"2244110681","repostType":4,"repost":{"id":"2244110681","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1655509222,"share":"https://ttm.financial/m/news/2244110681?lang=&edition=fundamental","pubTime":"2022-06-18 07:40","market":"us","language":"en","title":"The Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA","url":"https://stock-news.laohu8.com/highlight/detail?id=2244110681","media":"Dow Jones","summary":"When it comes to bear markets, investors can take comfort from history which suggests that where there's a beginning, there's always an end.And according to Bank of America, investors have only got a ","content":"<html><head></head><body><p>When it comes to bear markets, investors can take comfort from history which suggests that where there&#39;s a beginning, there&#39;s always an end.</p><p>And according to Bank of America, investors have only got a few months left to endure the bear market that the S&amp;P 500  tumbled into on June 13, at the start of this week. And then will come the bull market.</p><p>As per history, points out chief investment strategist Michael Hartnett, the average peak-to-trough bear market decline is 37.3% and lasts 289 days. That would put the end to the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, the name commonly given to the stock market crash of 1987, and the S&amp;P 500 index will likely bottom at 3,000.</p><p>A popular definition of a bear market defines it as a 20% drop from a recent high. As of Thursday, the index was off 23.55% from its record close of 4796.56 hit Monday, Jan. 3, 2022.</p><p>And an end typically marks a beginning with Bank of America noting the average bull market lasts a much longer 64 months with a 198% return, &#34;so next bull sees the S&amp;P 500 at 6,000 by Feb. 28,&#34; said Hartnett.</p><p>Meanwhile, another week saw the bank&#39;s own bull and bear indicator fall as far as it can go into &#34;contrarian bullish&#34; territory --</p><p><img src=\"https://static.tigerbbs.com/d5b388620db70508a92721690ee4a74e\" tg-width=\"700\" tg-height=\"607\" width=\"100%\" height=\"auto\"/></p><p>That indicator previously fell to 0 in August 2002, July, 2008, Sept. 2011, Sept. 2015, January 2016 and March 2020, said Hartnett. When it has previously hit zero, except in the case of a double-dip recession such as 2002 or systemic events, as in 2008 and 2011, three-month returns have been strong, as this table shows.</p><p><img src=\"https://static.tigerbbs.com/562bea67e5a7522dc96de3ab2c90727c\" tg-width=\"700\" tg-height=\"427\" width=\"100%\" height=\"auto\"/></p><p>&#34;Positioning dire, but profits/policy say nibble at SPX 36K, bite at 33K, gorge at 30K,&#34; added Hartnett. That&#39;s even as they clearly don&#39;t think the selloff is quite over. As per the next chart, a reminder from BofA of how the Federal Reserve tends to &#34;break something,&#34; with tightening cycles:</p><p><img src=\"https://static.tigerbbs.com/542e42e107cf3f74df35c0a66482b401\" tg-width=\"700\" tg-height=\"390\" width=\"100%\" height=\"auto\"/></p><p>More data from the bank showed $16.6 billion flowed into stocks in the most recent week, $18.5 billion from bonds and $50.1 billion from cash. Also, the data showed first week of inflows to emerging market equities in 6 weeks of $1.3 billion, the biggest inflow to US small cap since December 2021 of $6.6 billion, the largest influx to US value in 13 weeks of $5.8 billion and biggest to techs in nine weeks, of $800 million.</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>The Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA\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\">2022-06-18 07:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>When it comes to bear markets, investors can take comfort from history which suggests that where there&#39;s a beginning, there&#39;s always an end.</p><p>And according to Bank of America, investors have only got a few months left to endure the bear market that the S&amp;P 500  tumbled into on June 13, at the start of this week. And then will come the bull market.</p><p>As per history, points out chief investment strategist Michael Hartnett, the average peak-to-trough bear market decline is 37.3% and lasts 289 days. That would put the end to the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, the name commonly given to the stock market crash of 1987, and the S&amp;P 500 index will likely bottom at 3,000.</p><p>A popular definition of a bear market defines it as a 20% drop from a recent high. As of Thursday, the index was off 23.55% from its record close of 4796.56 hit Monday, Jan. 3, 2022.</p><p>And an end typically marks a beginning with Bank of America noting the average bull market lasts a much longer 64 months with a 198% return, &#34;so next bull sees the S&amp;P 500 at 6,000 by Feb. 28,&#34; said Hartnett.</p><p>Meanwhile, another week saw the bank&#39;s own bull and bear indicator fall as far as it can go into &#34;contrarian bullish&#34; territory --</p><p><img src=\"https://static.tigerbbs.com/d5b388620db70508a92721690ee4a74e\" tg-width=\"700\" tg-height=\"607\" width=\"100%\" height=\"auto\"/></p><p>That indicator previously fell to 0 in August 2002, July, 2008, Sept. 2011, Sept. 2015, January 2016 and March 2020, said Hartnett. When it has previously hit zero, except in the case of a double-dip recession such as 2002 or systemic events, as in 2008 and 2011, three-month returns have been strong, as this table shows.</p><p><img src=\"https://static.tigerbbs.com/562bea67e5a7522dc96de3ab2c90727c\" tg-width=\"700\" tg-height=\"427\" width=\"100%\" height=\"auto\"/></p><p>&#34;Positioning dire, but profits/policy say nibble at SPX 36K, bite at 33K, gorge at 30K,&#34; added Hartnett. That&#39;s even as they clearly don&#39;t think the selloff is quite over. As per the next chart, a reminder from BofA of how the Federal Reserve tends to &#34;break something,&#34; with tightening cycles:</p><p><img src=\"https://static.tigerbbs.com/542e42e107cf3f74df35c0a66482b401\" tg-width=\"700\" tg-height=\"390\" width=\"100%\" height=\"auto\"/></p><p>More data from the bank showed $16.6 billion flowed into stocks in the most recent week, $18.5 billion from bonds and $50.1 billion from cash. Also, the data showed first week of inflows to emerging market equities in 6 weeks of $1.3 billion, the biggest inflow to US small cap since December 2021 of $6.6 billion, the largest influx to US value in 13 weeks of $5.8 billion and biggest to techs in nine weeks, of $800 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4504":"桥水持仓","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓","BK4581":"高盛持仓","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","BK4550":"红杉资本持仓","OEX":"标普100"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244110681","content_text":"When it comes to bear markets, investors can take comfort from history which suggests that where there's a beginning, there's always an end.And according to Bank of America, investors have only got a few months left to endure the bear market that the S&P 500  tumbled into on June 13, at the start of this week. And then will come the bull market.As per history, points out chief investment strategist Michael Hartnett, the average peak-to-trough bear market decline is 37.3% and lasts 289 days. That would put the end to the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, the name commonly given to the stock market crash of 1987, and the S&P 500 index will likely bottom at 3,000.A popular definition of a bear market defines it as a 20% drop from a recent high. As of Thursday, the index was off 23.55% from its record close of 4796.56 hit Monday, Jan. 3, 2022.And an end typically marks a beginning with Bank of America noting the average bull market lasts a much longer 64 months with a 198% return, \"so next bull sees the S&P 500 at 6,000 by Feb. 28,\" said Hartnett.Meanwhile, another week saw the bank's own bull and bear indicator fall as far as it can go into \"contrarian bullish\" territory --That indicator previously fell to 0 in August 2002, July, 2008, Sept. 2011, Sept. 2015, January 2016 and March 2020, said Hartnett. When it has previously hit zero, except in the case of a double-dip recession such as 2002 or systemic events, as in 2008 and 2011, three-month returns have been strong, as this table shows.\"Positioning dire, but profits/policy say nibble at SPX 36K, bite at 33K, gorge at 30K,\" added Hartnett. That's even as they clearly don't think the selloff is quite over. As per the next chart, a reminder from BofA of how the Federal Reserve tends to \"break something,\" with tightening cycles:More data from the bank showed $16.6 billion flowed into stocks in the most recent week, $18.5 billion from bonds and $50.1 billion from cash. Also, the data showed first week of inflows to emerging market equities in 6 weeks of $1.3 billion, the biggest inflow to US small cap since December 2021 of $6.6 billion, the largest influx to US value in 13 weeks of $5.8 billion and biggest to techs in nine weeks, of $800 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9054198547,"gmtCreate":1655349466789,"gmtModify":1676535620479,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Scenario 2 is not bad too. It will be a super sale","listText":"Scenario 2 is not bad too. It will be a super sale","text":"Scenario 2 is not bad too. It will be a super sale","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054198547","repostId":"1109068954","repostType":2,"isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9052364974,"gmtCreate":1655128128599,"gmtModify":1676535566344,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"I agree!","listText":"I agree!","text":"I agree!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9052364974","repostId":"9052397794","repostType":1,"repost":{"id":9052397794,"gmtCreate":1655123201318,"gmtModify":1676535565385,"author":{"id":"3582029733148232","authorId":"3582029733148232","name":"LiverpoolRed","avatar":"https://community-static.tradeup.com/news/a3f6d64be1c39dfd245a3348d690b450","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582029733148232","authorIdStr":"3582029733148232"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>The price will go up to more than&nbsp;$150 jn next year. Give me a like if u agree with me&nbsp;","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>The price will go up to more than&nbsp;$150 jn next year. Give me a like if u agree with me&nbsp;","text":"$Alibaba(BABA)$The price will go up to more than $150 jn next year. Give me a like if u agree with me","images":[{"img":"https://community-static.tradeup.com/news/e0190c9f56a1c7c21b5cba7777f1e9c9","width":"720","height":"1280"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9052397794","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026398826,"gmtCreate":1653320462265,"gmtModify":1676535260285,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Great article&nbsp;","listText":"Great article&nbsp;","text":"Great article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026398826","repostId":"2237884509","repostType":4,"repost":{"id":"2237884509","kind":"highlight","pubTimestamp":1653291757,"share":"https://ttm.financial/m/news/2237884509?lang=&edition=fundamental","pubTime":"2022-05-23 15:42","market":"us","language":"en","title":"How To Invest In A Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2237884509","media":"seekingalpha","summary":"SummaryThe S&P 500 is in a bear market, ~20% off its peak.Many high-quality businesses have their st","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The S&amp;P 500 is in a bear market, ~20% off its peak.</li><li>Many high-quality businesses have their stock down more than 50%.</li><li>Bear markets feel like a risk as we go through them, but they appear as an opportunity in retrospect.</li><li>Emotions run high, but fortune favors the patient.</li><li>Let&#39;s review the playbook to go through a bear market unscathed.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/170860a23786e0a4eea90ff2945b8176\" tg-width=\"750\" tg-height=\"585\" width=\"100%\" height=\"auto\"/><span>pictafolio/E+ via Getty Images</span></p><p>Being an optimist is a superpower.</p><p>That&#39;s particularly true in times like these.</p><p>After another week in the house of pain, the Nasdaq (QQQ) is down 30% from its previous high. Meanwhile, the S&amp;P 5000 (SPY) is 20% off its peak, a threshold that would characterize a bear market.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3413a72f37c75d776401480b027f03e\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>If this sell-off is a typical market correction like we&#39;ve seen in 2018 or 2020, we may be near the bottom. However, if this is the start of a prolonged bear market, watch below.</p><p>Ben Carlson shared on his blog (A Wealth Of Common Sense) the history of S&amp;P 500 bear markets since 1950:</p><blockquote><i>Over 15 bear markets, the average downturn is a loss of 30%, lasting just under a year to reach the bottom and taking a little more than <a href=\"https://laohu8.com/S/AONE.U\">one</a>-and-a-half years to break even.</i></blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5a634d10eb4b4e139377eb46ea1f56f\" tg-width=\"635\" tg-height=\"447\" width=\"100%\" height=\"auto\"/><span>S&amp;P Bear Markets Since 1950 (A Wealth Of Common Sense)</span></p><p>So if we are currently going through an average bear market, we&#39;ll reach the bottom toward the end of 2022, and we&#39;ll be back at the previous high by July 2023. It could be shorter, or it could be longer. There is no way to know.</p><p>It&#39;s important to note that only three bear markets took significantly longer to recover: 1973, 2000, and 2008. These were outliers (3 out of 15 bear markets). Each time, it took more than four years to get back to even. As a result, I would never invest money in stocks that I don&#39;t plan to keep invested for at least five years.</p><p>A temporary 20% or 30% sell-off doesn&#39;t sound bad on paper because the premise assumes it&#39;s temporary. But in the middle of a bear market, our brains tend to extrapolate and think it will get worse (which may or may not be true). Morgan Housel explained in a blog post:</p><blockquote><i>All past declines look like opportunities and all future declines look like risks. It’s one of the great ironies in investing. But it happens for a reason: When studying history you know how the story ends, and it’s impossible to un-remember what you know today when thinking about the past. So it’s hard to imagine alternative outcomes when looking backward, but when looking ahead you know there are a thousand different paths we could end up on.</i></blockquote><p>Today, chances are you care more about whether stocks will fall <i>another</i> 20% or start rebounding soon. However, many years from now, what will matter is probably to have been a net buyer of stocks throughout this entire period.</p><p>If you are in the wealth accumulation phase of your life, with a regular paycheck and monthly savings to invest, a bear market is something to celebrate. However, it certainly doesn&#39;t feel good, particularly when your existing portfolio shrinks by the day. Shelby Cullom Davis said:</p><blockquote><i>You make most of your money in a bear market, you just don’t realize it at the time.</i></blockquote><p>The greatest challenge in moments like these is to stay the course and not blow up your brokerage account. To do so, being an optimist goes a long way.</p><p>You&#39;ll come across perma-bears who believe the stock market is about to enter the worst period ever seen. They&#39;ll say that earnings are about to fall, and we may enter a recession like no other. Peter Lynch explained:</p><blockquote><i>“This one is different,” is the doomsayer’s litany, and, in fact, every recession is different, but that doesn’t mean it’s going to ruin us.</i></blockquote><p>Ultimately, market downturns are a great time to buy stocks. Valuations have cooled off, and future returns look better today than in many years. So having a buyer&#39;s mentality in the face of a market meltdown is essential. Warren Buffett explained:</p><blockquote><i>A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.</i></blockquote><p>Easier said than done?</p><p>Let&#39;s review the playbook to go through a bear market unscathed.</p><p><b>1) Zoom out.</b></p><p>Great long-term investing is 1% buying and 99% waiting.</p><p>Unfortunately, many investors feel lazy if they don&#39;t tinker with their portfolios regularly. Instead, a disciplined investor should look beyond the short-term concerns.</p><p>The past few decades had their fair share of inflation, rising interest rates, wars, and recessions. Yet, looking at the performance of the MSCI World Index in the past 50 years can help gain some perspective. One dollar invested in 1970 would have grown to $68 by 2018. And the journey to get there was filled with bear markets of all kinds. Yet, staying invested through thick and thin led to an excellent outcome.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ab81195eb2e3587a7819d6957fa36be\" tg-width=\"1280\" tg-height=\"700\" width=\"100%\" height=\"auto\"/><span>Growth of $1 in the past 70 years (WealthSmart)</span></p><p>Many investors believe they can time in and out of the market based on macro factors. However, the market is forward-looking and tends to rebound long before an individual investor would feel ready to get back in. Peter Lynch explained:</p><blockquote><i>[...] every economic recovery since World War II has been preceded by a stock market rally. And these rallies often start when conditions are grim.</i></blockquote><p>On average, recessions last 11 months (vs. 67 months for economic expansions). The take-away from the chart below should be obvious. Why would you spend your time preparing for recessions? They are relatively short and unpredictable. And even with perfect information about the economy, you wouldn&#39;t be able to predict how the stock market will react.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c2ef9e05a6b3ae4e0c025e213670a60\" tg-width=\"1200\" tg-height=\"735\" width=\"100%\" height=\"auto\"/><span>Recessions &amp; Expansions (Visual Capitalist)</span></p><p>Despite history telling us that trading in and out of stocks is a weapon of alpha destruction, some investors can&#39;t help themselves. Again, market timing is a lovely idea in concept. But nobody can predict market tops and bottoms repeatedly with accuracy.</p><p>As explained in my article about 5 Ways To Prepare for The Next Stock Market Crash, recognizing how often market crashes happen can give you a better idea of what you are getting into when investing in equities. Here is the historical frequency of pullbacks identified since 1928:</p><table><tbody><tr><td><b>Market drawdown</b></td><td><b>Historical Frequency</b></td></tr><tr><td>10%</td><td>Every 11 months</td></tr><tr><td>15%</td><td>Every 24 months</td></tr><tr><td>20%</td><td>Every four years</td></tr><tr><td>30%</td><td>Every decade</td></tr><tr><td>40%</td><td>Every few decades</td></tr><tr><td>50%</td><td>2-3 times per century</td></tr></tbody></table><p>Again, the S&amp;P 500 is already 20% off its peak. And it would be silly to expect all market sell-offs will turn into the Great Depression. We have already had two bear markets of epic proportion in the past two decades, and our instinct is to assume more of the same. History tells us that it&#39;s possible but also unlikely. We just don&#39;t know.</p><p>That&#39;s why great investing starts with humility. Once we accept that the future is uncertain and that trying to predict it is a fool&#39;s errand, we are more likely to adapt our strategy for <i>sustainability</i> and <i>survivability</i>.</p><p><b>2) Document your decisions.</b></p><p>In his book <i>The Money Game</i>, Adam Smith explained:</p><blockquote><i>If you don&#39;t know who you are, [the stock market] is an expensive place to find out.</i></blockquote><p>Despite our best intentions, we can still fail. That&#39;s true of most things in life. Being married or parenting are perfect examples. Many of us can fail when it matters the most to have everything under control. Investing is no different.</p><p>The biggest challenge in a market contraction is to manage our emotions. I shared with App Economy Portfolio members a version of the &#34;cycle of emotions&#34; that comes with the market&#39;s ups and downs. It feels like we are likely somewhere between panic and capitulation (though you could suggest I&#39;m in denial).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73d884d2790a7a799b1fbbb5aecbbd42\" tg-width=\"1058\" tg-height=\"794\" width=\"100%\" height=\"auto\"/><span>Psychology of Market Cycle (Wall St. Cheat Sheet)</span></p><p>I covered before how your temperament is the single greatest factor in your portfolio&#39;s returns. There are many ways to fight our natural flaws and avoid the pitfalls we can easily fall for. I believe the most potent tool is journaling.</p><p>Journaling is the closest thing you&#39;ll ever have to a drill in investing. While NBA players can shoot free throws all day long, the only way you can practice is by writing down your strategy, goals, and rationale.</p><ul><li>Why do you invest?</li><li>What is your time horizon?</li><li>What is your investment philosophy?</li><li>Why are you bullish about this company?</li><li>Is there something that would break your thesis?</li><li>What will you do if the market falls and your portfolio along with it?</li></ul><p>Success comes with homework and preparation. These are not questions you want to answer after the fact. The more you set yourself up with the right mindset ingrained in your brain, the higher your chance of averting a crisis in the heat of the moment.</p><p>We are already in a downturn, so you don&#39;t have this luxury anymore. But it&#39;s not too late. If you feel the urge to tinker with your portfolio on a big red day, can you first write down what compels you to do so? Is there truly a call to action, or are you reacting to headlines and market movements?</p><p>In a down market, investors tend to trade too much. They buy too much too fast in the early phase of a downturn and end up with no dry powder when the market continues to fall. Or they put their entire investment process &#34;on hold&#34; because red days take a toll on them.</p><p>Documenting the reasoning behind your investment decisions and keeping score is a fantastic way to stay honest with yourself. To do so, keeping an investment log or trading journal is the easiest way. I use free apps like Google Keep and Google Sheet that sync between all my devices (desktop and mobile). It can help you identify a pattern, not only with what you&#39;re doing wrong, but also with what you&#39;re doing right.</p><p>Another instant benefit of journaling is to learn about yourself. You will see when you were wrong and why and will be more likely to accept blame for it. You are also more likely to see your performance for what it truly is, identifying luck and brilliance wherever they apply.</p><p>Relying on your feelings is a common investment mistake in a volatile market. And unless you are willing to identify it and address them, your emotions will eventually get in the way. We are influenced by fear and greed, often better described as <i>fear of joining in</i> or <i>missing out</i> (another topic I&#39;ve covered more in-depth here).</p><p>As someone managing an investment marketplace, I&#39;ve seen many members come to me and tell me that they had sold a position because they &#34;felt&#34; like there wasn&#39;t much upside to a stock. In investing, the less your feelings are involved, the better off you are. As perfectly put by Peter Lynch:</p><blockquote><i>The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.</i></blockquote><p>If your decision to buy or sell cannot wait for a few days, you are likely making an emotional decision. However, a great long-term investment decision should not require perfect timing. Unless you are in the business of day trading, you should always be able to &#34;sleep on it&#34; and let a day go by before you pull the trigger on your investment decision.</p><p>There is no rush to make investment decisions. A thesis should not depend on what could happen within hours or minutes. If bad news comes out and a stock you own is down 50%, you don&#39;t have to sell that day, even if your bullish thesis is broken. Instead, you might want to digest the news and make sure you grasp the ins and outs of a new situation. If your intentions are intact after a good night&#39;s sleep, your decision is more likely to be sensible and grounded as opposed to a knee-jerk reaction.</p><p><b>3) Automate and stick to your plan.</b></p><p>Your performance as an investor depends primarily on what you do during periods of high volatility. As a result, using a systematic investment strategy can be a powerful tool.</p><p>I use 4 Simple Rules to protect my portfolio:</p><ol><li>I invest a fixed amount monthly (consistency).</li><li>I don&#39;t add to losers (fighting prospect theory).</li><li>I don&#39;t sell winners (staying the course).</li><li>I invest for no less than five years (time horizon).</li></ol><p>I get to decide every month which stocks represent the best opportunities based on fundamentals and valuations. Still, the day I invest, and the amount I invest are already pre-determined based on my rules and process.</p><p>These safeguards make my investment journey incredibly easy to maintain in all market conditions. And it helps me maintain a balanced approach under all circumstances:</p><ul><li>It limits the maximum amount I can add to an individual stock (diversification over several positions).</li><li>It <i>forces me to invest</i> every month of the year, even when everyone else is in panic mode.</li><li>It limits the total amount I can invest in a single month, <i>easing my way</i> in the market (spreading investments over time).</li><li>It keeps me invested through the vicissitudes of the market.</li></ul><p>I tried to answer a simple question in a previous article: How many stocks should you own? I tried to explain that the right number is different for everyone.</p><p>In his book <i>The Psychology of Money</i>, Morgan Housel explained the difference between being <i>rational</i> vs. <i>reasonable</i>. A <i>rational</i> decision means making a decision strictly based on what the facts and the numbers say. It all sounds great in concept. The implication is that you let the data decide for you.</p><p>However, being rational is not always a realistic approach. We all have emotions at play that can get in the way of a sound plan. Sometimes, what would make the most sense for you will differ from the most rational decision. So, instead, you need to define what is <i>reasonable</i> for you.</p><p>The proper diversification is the one that keeps you in the game over multiple market cycles. That&#39;s why portfolio suitability is so essential.</p><p>Once you have defined a plan that suits you and have an automated system to keep it in place, you are unstoppable.</p><p>Not everyone has the luxury of having capital available to invest every month, so I want to touch on cash deployment strategies. Maybe you have cash on the sidelines, and you wonder when or how to put it to use. Unfortunately, many investors go all-in at first sight of a market pullback of a few percentage points, only to feel buyer&#39;s remorse when the market continues to fall.</p><p>I love this blog post from Morgan Housel covering his cash deployment strategy in the context of a market drawdown. He shows how much of a theoretical $1,000 in cash set aside for investing he would deploy based on how much the market has sold off.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b4a94ee08348304e119c97815f86b055\" tg-width=\"640\" tg-height=\"195\" width=\"100%\" height=\"auto\"/><span>Morgan Housel Cash Deployment Strategy (The Motley Fool)</span></p><p>The S&amp;P 500 is down 20%, so Morgan would invest ~60% of his cash reserve (keeping the remaining 40% in case of a more significant sell-off).</p><p>It doesn&#39;t matter what exact number you use. What matters is to define a plan and stick to it. In investing, consistency wins the game.</p><p><b>4) Be selective and focus on quality</b></p><p>A bear market is a perfect opportunity to invest in a stock you&#39;ve wanted to own for a long time but couldn&#39;t because of valuation concerns or because it was running away from you. I believe that&#39;s where your focus should be.</p><p>Again, I wouldn&#39;t bet the farm and invest all at once (as explained above), but it doesn&#39;t get better than slowly accumulating shares of great businesses while they are on sale.</p><p>Of course, we have to hold our noses. Stocks could have more to fall in a highly volatile and unpredictable environment. As a result, it wouldn&#39;t be shocking to see a stock fall <i>another</i> 30% right after you buy it. That&#39;s the cost of doing business. If you don&#39;t have the stomach for it, you are better off focusing exclusively on index funds or letting someone else manage it for you.</p><p>Since the market tends to sell indiscriminately during a bear market, it gives us a fantastic opportunity to invest in high-quality businesses.</p><p><b>What is a high-quality business, you ask?</b></p><p>I modernized Philip Fisher&#39;s Scuttlebutt common-stock checklist:</p><ol><li>Large addressable market.</li><li>Future growth initiatives.</li><li>Effective research and development.</li><li>Effective sales &amp; marketing.</li><li>Worthwhile profit margins.</li><li>Improving profit margins.</li><li>Strong culture.</li><li>High insider ownership.</li><li>Management team depth.</li><li>Consistent reporting.</li><li>Sustainable competitive advantages.</li><li>Long-term vision.</li><li>Financial fortitude.</li><li>Transparent management.</li><li>Ethical management.</li></ol><p>I would emphasize financial fortitude and cash flow in the current macro environment, given the potential for a liquidity crisis.</p><p>The largest companies driving the US indices higher in the past decade have been incredible cash-flow machines. Apple (AAPL) crossed $100B in free cash flow in the past 12 months. Alphabet (GOOG) and Microsoft (MSFT) are not far behind.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d506ce6743c74db3df117a557fac5019\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Our north star is finding the businesses that can follow a similar path in the decades ahead. And only companies that can survive and thrive in a crisis will be able to get there.</p><p>It&#39;s essential to understand what you invest in to stay invested when the inevitable setback occurs. Borrowing from Peter Lynch, I realized I had a clear advantage through my experience at PwC and my decade-long tenure as a financial executive in the gaming industry. That&#39;s why my focus has been on the App Economy in the past decade.</p><p>I recently shared on Seeking Alpha why I like companies like Airbnb (ABNB), <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ), and <a href=\"https://laohu8.com/S/DDOG\">Datadog</a> (DDOG), particularly after their massive sell-offs in the past few months. Of course, these are only examples, but they check most of the boxes listed above.</p><p>I believe this bear market is an excellent opportunity to reflect on what you&#39;ve had on your watch list for a very long time. However, I would be mindful of not falling for the &#34;flavor of the month.&#34; For example, I see many articles about investing in energy stocks these days, which are cyclical and represent a tiny portion of the economy. There is also a risk of investing in specific stocks because they are expected to do well &#34;now&#34; or in the next few weeks. If you invest in companies solely based on how they might perform in the here and now, you are likely shortening your time horizon, leading to overtrading and unnecessary tax inefficiencies.</p><p>Building up positions in your winners is also a sound investment philosophy during a downturn. I covered the art of adding to your winners when I explained why I was adding to my position in MongoDB (MDB) in 2019.</p><p>The great businesses that sit at the top of your portfolio are the same as before any market meltdown, and they will still be the same after the storm passes. In the short term, stock performance can be detached from the underlying business, both in up and down markets.</p><p>In my article about 7 Rules For An Antifragile Portfolio, I discuss the importance of seeking low-downside, high-upside payoffs. Borrowing from Peter Thiel in his book Zero to One, I discussed the idea of only investing in companies that have the potential to beat all of your other investments combined. While this idea may sound romantic at first, it can be very effective. By setting the expectation that your next pick needs to have the potential to beat the performance of all your other investments combined, you are setting the bar extremely high and challenging your own goal. Most stocks won&#39;t pass this filter. And that&#39;s a good thing.</p><p><b>5) Be patient. This too shall pass.</b></p><p>It&#39;s not fun to watch a portfolio collapse in real-time. Whenever a new sell-off occurs, we are all back in the grind, trying to get our accounts to all-time highs. While setbacks always feel painful, rising to the challenge is critical.</p><p>What prevents many investors from keeping a steady hand in a time of hardship is the daunting thought of waiting for years before the portfolio has a shot at hitting a new high again. But that&#39;s what investing is all about. As American economist Paul Samuelson wrote:</p><blockquote><i>Investing should be more like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas.</i></blockquote><p>As Charlie Munger explained:</p><blockquote><i>It&#39;s waiting that helps you as an investor, and a lot of people just can&#39;t stand to wait. If you didn&#39;t get the deferred-gratification gene, you&#39;ve got to work very hard to overcome that.</i></blockquote><p>So before you re-balance your portfolio or throw in the towel on what may become a significant missed opportunity, you want to ask yourself if you&#39;ve genuinely given enough time for your investments to flourish. Unless my bullish thesis is broken, I don&#39;t sell until I&#39;ve held a position for at least five years since my last purchase. It&#39;s an effective safeguard to ignore the noise of missed guidances, lower target prices from analysts, or negative headlines of the day.</p><p>Because emotions run high after a series of red days, the best course of action is often to sit on your hands. That&#39;s right, doing nothing at all.</p><p>Only with the discipline of staying invested through thick and thin will you benefit from the power of compounding over the years. Even the best-performing portfolios don&#39;t go up in a straight line. Investing is all about grinding through good and bad times with a mindset that remains onward and upward.</p><p>You&#39;ll often hear about how it took almost 16 years for Microsoft (MSFT) to regain its 1999 high. This stretch was the worst in the US stock market history (two of the longest bear markets ever, almost back to back). So I don&#39;t find it particularly insightful. It&#39;s the ultimate cherry-picking, if you will.</p><p>There <i>are</i> periods of 10 years with negative stock returns in the stock market. However, your portfolio wouldn&#39;t suffer from such misfortune unless you invested all of your life&#39;s savings at the market top in 2000.</p><p>Recognizing that there is no urgency to act is essential. As I pointed out in many articles, if your next trade cannot wait for a few days, you are likely making an emotional decision. An investment should not depend on perfect timing or finding the exact bottom.</p><p><b>Final Word</b></p><p>A bear market is a unique opportunity to invest for the long term. The key is to give yourself the best chance to stay calm and make the best decisions:</p><ol><li><b>Zoom out</b>. Market sell-offs are part of the investing process.</li><li><b>Document your decisions</b>. Are you reacting to the news cycle? Journaling and keeping score can help you work through your emotions.</li><li><b>Automate and stick to your plan</b>. A rule-based approach can help. Consistency wins, particularly in challenging times.</li><li><b>Be selective</b>. Focus on high-quality companies that can sustain the test of time and rarely offer a decent entry point.</li><li><b>Be patient. This too shall pass</b>. Sell-offs are part of the grind, and we&#39;ll all come out stronger on the other side.</li></ol><p><b>What about you?</b></p><ul><li>How are you holding up in the recent sell-off?</li><li>Have you been watching your cash deployment with caution?</li><li>Are you focusing on the best-of-breed businesses or chasing bargains?</li></ul><p>Let me know in the comments!</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How To Invest In A Bear 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\">\nHow To Invest In A Bear Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-23 15:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4513563-how-to-invest-in-a-bear-market><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe S&P 500 is in a bear market, ~20% off its peak.Many high-quality businesses have their stock down more than 50%.Bear markets feel like a risk as we go through them, but they appear as an ...</p>\n\n<a href=\"https://seekingalpha.com/article/4513563-how-to-invest-in-a-bear-market\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4513563-how-to-invest-in-a-bear-market","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2237884509","content_text":"SummaryThe S&P 500 is in a bear market, ~20% off its peak.Many high-quality businesses have their stock down more than 50%.Bear markets feel like a risk as we go through them, but they appear as an opportunity in retrospect.Emotions run high, but fortune favors the patient.Let's review the playbook to go through a bear market unscathed.pictafolio/E+ via Getty ImagesBeing an optimist is a superpower.That's particularly true in times like these.After another week in the house of pain, the Nasdaq (QQQ) is down 30% from its previous high. Meanwhile, the S&P 5000 (SPY) is 20% off its peak, a threshold that would characterize a bear market.Data by YChartsIf this sell-off is a typical market correction like we've seen in 2018 or 2020, we may be near the bottom. However, if this is the start of a prolonged bear market, watch below.Ben Carlson shared on his blog (A Wealth Of Common Sense) the history of S&P 500 bear markets since 1950:Over 15 bear markets, the average downturn is a loss of 30%, lasting just under a year to reach the bottom and taking a little more than one-and-a-half years to break even.S&P Bear Markets Since 1950 (A Wealth Of Common Sense)So if we are currently going through an average bear market, we'll reach the bottom toward the end of 2022, and we'll be back at the previous high by July 2023. It could be shorter, or it could be longer. There is no way to know.It's important to note that only three bear markets took significantly longer to recover: 1973, 2000, and 2008. These were outliers (3 out of 15 bear markets). Each time, it took more than four years to get back to even. As a result, I would never invest money in stocks that I don't plan to keep invested for at least five years.A temporary 20% or 30% sell-off doesn't sound bad on paper because the premise assumes it's temporary. But in the middle of a bear market, our brains tend to extrapolate and think it will get worse (which may or may not be true). Morgan Housel explained in a blog post:All past declines look like opportunities and all future declines look like risks. It’s one of the great ironies in investing. But it happens for a reason: When studying history you know how the story ends, and it’s impossible to un-remember what you know today when thinking about the past. So it’s hard to imagine alternative outcomes when looking backward, but when looking ahead you know there are a thousand different paths we could end up on.Today, chances are you care more about whether stocks will fall another 20% or start rebounding soon. However, many years from now, what will matter is probably to have been a net buyer of stocks throughout this entire period.If you are in the wealth accumulation phase of your life, with a regular paycheck and monthly savings to invest, a bear market is something to celebrate. However, it certainly doesn't feel good, particularly when your existing portfolio shrinks by the day. Shelby Cullom Davis said:You make most of your money in a bear market, you just don’t realize it at the time.The greatest challenge in moments like these is to stay the course and not blow up your brokerage account. To do so, being an optimist goes a long way.You'll come across perma-bears who believe the stock market is about to enter the worst period ever seen. They'll say that earnings are about to fall, and we may enter a recession like no other. Peter Lynch explained:“This one is different,” is the doomsayer’s litany, and, in fact, every recession is different, but that doesn’t mean it’s going to ruin us.Ultimately, market downturns are a great time to buy stocks. Valuations have cooled off, and future returns look better today than in many years. So having a buyer's mentality in the face of a market meltdown is essential. Warren Buffett explained:A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.Easier said than done?Let's review the playbook to go through a bear market unscathed.1) Zoom out.Great long-term investing is 1% buying and 99% waiting.Unfortunately, many investors feel lazy if they don't tinker with their portfolios regularly. Instead, a disciplined investor should look beyond the short-term concerns.The past few decades had their fair share of inflation, rising interest rates, wars, and recessions. Yet, looking at the performance of the MSCI World Index in the past 50 years can help gain some perspective. One dollar invested in 1970 would have grown to $68 by 2018. And the journey to get there was filled with bear markets of all kinds. Yet, staying invested through thick and thin led to an excellent outcome.Growth of $1 in the past 70 years (WealthSmart)Many investors believe they can time in and out of the market based on macro factors. However, the market is forward-looking and tends to rebound long before an individual investor would feel ready to get back in. Peter Lynch explained:[...] every economic recovery since World War II has been preceded by a stock market rally. And these rallies often start when conditions are grim.On average, recessions last 11 months (vs. 67 months for economic expansions). The take-away from the chart below should be obvious. Why would you spend your time preparing for recessions? They are relatively short and unpredictable. And even with perfect information about the economy, you wouldn't be able to predict how the stock market will react.Recessions & Expansions (Visual Capitalist)Despite history telling us that trading in and out of stocks is a weapon of alpha destruction, some investors can't help themselves. Again, market timing is a lovely idea in concept. But nobody can predict market tops and bottoms repeatedly with accuracy.As explained in my article about 5 Ways To Prepare for The Next Stock Market Crash, recognizing how often market crashes happen can give you a better idea of what you are getting into when investing in equities. Here is the historical frequency of pullbacks identified since 1928:Market drawdownHistorical Frequency10%Every 11 months15%Every 24 months20%Every four years30%Every decade40%Every few decades50%2-3 times per centuryAgain, the S&P 500 is already 20% off its peak. And it would be silly to expect all market sell-offs will turn into the Great Depression. We have already had two bear markets of epic proportion in the past two decades, and our instinct is to assume more of the same. History tells us that it's possible but also unlikely. We just don't know.That's why great investing starts with humility. Once we accept that the future is uncertain and that trying to predict it is a fool's errand, we are more likely to adapt our strategy for sustainability and survivability.2) Document your decisions.In his book The Money Game, Adam Smith explained:If you don't know who you are, [the stock market] is an expensive place to find out.Despite our best intentions, we can still fail. That's true of most things in life. Being married or parenting are perfect examples. Many of us can fail when it matters the most to have everything under control. Investing is no different.The biggest challenge in a market contraction is to manage our emotions. I shared with App Economy Portfolio members a version of the \"cycle of emotions\" that comes with the market's ups and downs. It feels like we are likely somewhere between panic and capitulation (though you could suggest I'm in denial).Psychology of Market Cycle (Wall St. Cheat Sheet)I covered before how your temperament is the single greatest factor in your portfolio's returns. There are many ways to fight our natural flaws and avoid the pitfalls we can easily fall for. I believe the most potent tool is journaling.Journaling is the closest thing you'll ever have to a drill in investing. While NBA players can shoot free throws all day long, the only way you can practice is by writing down your strategy, goals, and rationale.Why do you invest?What is your time horizon?What is your investment philosophy?Why are you bullish about this company?Is there something that would break your thesis?What will you do if the market falls and your portfolio along with it?Success comes with homework and preparation. These are not questions you want to answer after the fact. The more you set yourself up with the right mindset ingrained in your brain, the higher your chance of averting a crisis in the heat of the moment.We are already in a downturn, so you don't have this luxury anymore. But it's not too late. If you feel the urge to tinker with your portfolio on a big red day, can you first write down what compels you to do so? Is there truly a call to action, or are you reacting to headlines and market movements?In a down market, investors tend to trade too much. They buy too much too fast in the early phase of a downturn and end up with no dry powder when the market continues to fall. Or they put their entire investment process \"on hold\" because red days take a toll on them.Documenting the reasoning behind your investment decisions and keeping score is a fantastic way to stay honest with yourself. To do so, keeping an investment log or trading journal is the easiest way. I use free apps like Google Keep and Google Sheet that sync between all my devices (desktop and mobile). It can help you identify a pattern, not only with what you're doing wrong, but also with what you're doing right.Another instant benefit of journaling is to learn about yourself. You will see when you were wrong and why and will be more likely to accept blame for it. You are also more likely to see your performance for what it truly is, identifying luck and brilliance wherever they apply.Relying on your feelings is a common investment mistake in a volatile market. And unless you are willing to identify it and address them, your emotions will eventually get in the way. We are influenced by fear and greed, often better described as fear of joining in or missing out (another topic I've covered more in-depth here).As someone managing an investment marketplace, I've seen many members come to me and tell me that they had sold a position because they \"felt\" like there wasn't much upside to a stock. In investing, the less your feelings are involved, the better off you are. As perfectly put by Peter Lynch:The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.If your decision to buy or sell cannot wait for a few days, you are likely making an emotional decision. However, a great long-term investment decision should not require perfect timing. Unless you are in the business of day trading, you should always be able to \"sleep on it\" and let a day go by before you pull the trigger on your investment decision.There is no rush to make investment decisions. A thesis should not depend on what could happen within hours or minutes. If bad news comes out and a stock you own is down 50%, you don't have to sell that day, even if your bullish thesis is broken. Instead, you might want to digest the news and make sure you grasp the ins and outs of a new situation. If your intentions are intact after a good night's sleep, your decision is more likely to be sensible and grounded as opposed to a knee-jerk reaction.3) Automate and stick to your plan.Your performance as an investor depends primarily on what you do during periods of high volatility. As a result, using a systematic investment strategy can be a powerful tool.I use 4 Simple Rules to protect my portfolio:I invest a fixed amount monthly (consistency).I don't add to losers (fighting prospect theory).I don't sell winners (staying the course).I invest for no less than five years (time horizon).I get to decide every month which stocks represent the best opportunities based on fundamentals and valuations. Still, the day I invest, and the amount I invest are already pre-determined based on my rules and process.These safeguards make my investment journey incredibly easy to maintain in all market conditions. And it helps me maintain a balanced approach under all circumstances:It limits the maximum amount I can add to an individual stock (diversification over several positions).It forces me to invest every month of the year, even when everyone else is in panic mode.It limits the total amount I can invest in a single month, easing my way in the market (spreading investments over time).It keeps me invested through the vicissitudes of the market.I tried to answer a simple question in a previous article: How many stocks should you own? I tried to explain that the right number is different for everyone.In his book The Psychology of Money, Morgan Housel explained the difference between being rational vs. reasonable. A rational decision means making a decision strictly based on what the facts and the numbers say. It all sounds great in concept. The implication is that you let the data decide for you.However, being rational is not always a realistic approach. We all have emotions at play that can get in the way of a sound plan. Sometimes, what would make the most sense for you will differ from the most rational decision. So, instead, you need to define what is reasonable for you.The proper diversification is the one that keeps you in the game over multiple market cycles. That's why portfolio suitability is so essential.Once you have defined a plan that suits you and have an automated system to keep it in place, you are unstoppable.Not everyone has the luxury of having capital available to invest every month, so I want to touch on cash deployment strategies. Maybe you have cash on the sidelines, and you wonder when or how to put it to use. Unfortunately, many investors go all-in at first sight of a market pullback of a few percentage points, only to feel buyer's remorse when the market continues to fall.I love this blog post from Morgan Housel covering his cash deployment strategy in the context of a market drawdown. He shows how much of a theoretical $1,000 in cash set aside for investing he would deploy based on how much the market has sold off.Morgan Housel Cash Deployment Strategy (The Motley Fool)The S&P 500 is down 20%, so Morgan would invest ~60% of his cash reserve (keeping the remaining 40% in case of a more significant sell-off).It doesn't matter what exact number you use. What matters is to define a plan and stick to it. In investing, consistency wins the game.4) Be selective and focus on qualityA bear market is a perfect opportunity to invest in a stock you've wanted to own for a long time but couldn't because of valuation concerns or because it was running away from you. I believe that's where your focus should be.Again, I wouldn't bet the farm and invest all at once (as explained above), but it doesn't get better than slowly accumulating shares of great businesses while they are on sale.Of course, we have to hold our noses. Stocks could have more to fall in a highly volatile and unpredictable environment. As a result, it wouldn't be shocking to see a stock fall another 30% right after you buy it. That's the cost of doing business. If you don't have the stomach for it, you are better off focusing exclusively on index funds or letting someone else manage it for you.Since the market tends to sell indiscriminately during a bear market, it gives us a fantastic opportunity to invest in high-quality businesses.What is a high-quality business, you ask?I modernized Philip Fisher's Scuttlebutt common-stock checklist:Large addressable market.Future growth initiatives.Effective research and development.Effective sales & marketing.Worthwhile profit margins.Improving profit margins.Strong culture.High insider ownership.Management team depth.Consistent reporting.Sustainable competitive advantages.Long-term vision.Financial fortitude.Transparent management.Ethical management.I would emphasize financial fortitude and cash flow in the current macro environment, given the potential for a liquidity crisis.The largest companies driving the US indices higher in the past decade have been incredible cash-flow machines. Apple (AAPL) crossed $100B in free cash flow in the past 12 months. Alphabet (GOOG) and Microsoft (MSFT) are not far behind.Data by YChartsOur north star is finding the businesses that can follow a similar path in the decades ahead. And only companies that can survive and thrive in a crisis will be able to get there.It's essential to understand what you invest in to stay invested when the inevitable setback occurs. Borrowing from Peter Lynch, I realized I had a clear advantage through my experience at PwC and my decade-long tenure as a financial executive in the gaming industry. That's why my focus has been on the App Economy in the past decade.I recently shared on Seeking Alpha why I like companies like Airbnb (ABNB), Block (SQ), and Datadog (DDOG), particularly after their massive sell-offs in the past few months. Of course, these are only examples, but they check most of the boxes listed above.I believe this bear market is an excellent opportunity to reflect on what you've had on your watch list for a very long time. However, I would be mindful of not falling for the \"flavor of the month.\" For example, I see many articles about investing in energy stocks these days, which are cyclical and represent a tiny portion of the economy. There is also a risk of investing in specific stocks because they are expected to do well \"now\" or in the next few weeks. If you invest in companies solely based on how they might perform in the here and now, you are likely shortening your time horizon, leading to overtrading and unnecessary tax inefficiencies.Building up positions in your winners is also a sound investment philosophy during a downturn. I covered the art of adding to your winners when I explained why I was adding to my position in MongoDB (MDB) in 2019.The great businesses that sit at the top of your portfolio are the same as before any market meltdown, and they will still be the same after the storm passes. In the short term, stock performance can be detached from the underlying business, both in up and down markets.In my article about 7 Rules For An Antifragile Portfolio, I discuss the importance of seeking low-downside, high-upside payoffs. Borrowing from Peter Thiel in his book Zero to One, I discussed the idea of only investing in companies that have the potential to beat all of your other investments combined. While this idea may sound romantic at first, it can be very effective. By setting the expectation that your next pick needs to have the potential to beat the performance of all your other investments combined, you are setting the bar extremely high and challenging your own goal. Most stocks won't pass this filter. And that's a good thing.5) Be patient. This too shall pass.It's not fun to watch a portfolio collapse in real-time. Whenever a new sell-off occurs, we are all back in the grind, trying to get our accounts to all-time highs. While setbacks always feel painful, rising to the challenge is critical.What prevents many investors from keeping a steady hand in a time of hardship is the daunting thought of waiting for years before the portfolio has a shot at hitting a new high again. But that's what investing is all about. As American economist Paul Samuelson wrote:Investing should be more like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas.As Charlie Munger explained:It's waiting that helps you as an investor, and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that.So before you re-balance your portfolio or throw in the towel on what may become a significant missed opportunity, you want to ask yourself if you've genuinely given enough time for your investments to flourish. Unless my bullish thesis is broken, I don't sell until I've held a position for at least five years since my last purchase. It's an effective safeguard to ignore the noise of missed guidances, lower target prices from analysts, or negative headlines of the day.Because emotions run high after a series of red days, the best course of action is often to sit on your hands. That's right, doing nothing at all.Only with the discipline of staying invested through thick and thin will you benefit from the power of compounding over the years. Even the best-performing portfolios don't go up in a straight line. Investing is all about grinding through good and bad times with a mindset that remains onward and upward.You'll often hear about how it took almost 16 years for Microsoft (MSFT) to regain its 1999 high. This stretch was the worst in the US stock market history (two of the longest bear markets ever, almost back to back). So I don't find it particularly insightful. It's the ultimate cherry-picking, if you will.There are periods of 10 years with negative stock returns in the stock market. However, your portfolio wouldn't suffer from such misfortune unless you invested all of your life's savings at the market top in 2000.Recognizing that there is no urgency to act is essential. As I pointed out in many articles, if your next trade cannot wait for a few days, you are likely making an emotional decision. An investment should not depend on perfect timing or finding the exact bottom.Final WordA bear market is a unique opportunity to invest for the long term. The key is to give yourself the best chance to stay calm and make the best decisions:Zoom out. Market sell-offs are part of the investing process.Document your decisions. Are you reacting to the news cycle? Journaling and keeping score can help you work through your emotions.Automate and stick to your plan. A rule-based approach can help. Consistency wins, particularly in challenging times.Be selective. Focus on high-quality companies that can sustain the test of time and rarely offer a decent entry point.Be patient. This too shall pass. Sell-offs are part of the grind, and we'll all come out stronger on the other side.What about you?How are you holding up in the recent sell-off?Have you been watching your cash deployment with caution?Are you focusing on the best-of-breed businesses or chasing bargains?Let me know in the comments!","news_type":1},"isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033544150,"gmtCreate":1646322443835,"gmtModify":1676534117379,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Go long on this one😉","listText":"Go long on this one😉","text":"Go long on this one😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033544150","repostId":"1192357642","repostType":4,"isVote":1,"tweetType":1,"viewCount":861,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039258118,"gmtCreate":1646059071638,"gmtModify":1676534086425,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"This space is getting crowded","listText":"This space is getting crowded","text":"This space is getting crowded","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039258118","repostId":"1120888812","repostType":4,"isVote":1,"tweetType":1,"viewCount":1197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039170430,"gmtCreate":1645977255189,"gmtModify":1676534078960,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Yay!","listText":"Yay!","text":"Yay!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039170430","repostId":"1113266874","repostType":4,"repost":{"id":"1113266874","kind":"news","pubTimestamp":1645881465,"share":"https://ttm.financial/m/news/1113266874?lang=&edition=fundamental","pubTime":"2022-02-26 21:17","market":"us","language":"en","title":"Berkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%","url":"https://stock-news.laohu8.com/highlight/detail?id=1113266874","media":"seekingalpha","summary":"Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, B","content":"<html><head></head><body><p>Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, Berkshire (BRK.B) bought back $27B of its own shares in 2021, up from the $24.7B it repurchased in 2020.</p><p>Q4 operating earnings of $7.29B vs. $6.47B in Q3 and $5.02B in Q4, a 45% Y/Y jump as insurance underwriting reversed from a year-ago loss. Railroad, energy, and utilities earnings also contributed to the gain as well as a healthy increase in &#34;other businesses.&#34;</p><p>Insurance float was ~$147B at Dec. 31, 2021 vs. ~$145B at Sept. 30.</p><p>Operating earnings by segment:</p><p>Insurance underwriting — $372M vs. -$299M a year ago.</p><p>Insurance - investment income — $1.22B vs. $1.27B</p><p>Railroad, utilities, and energy —$2.24B vs. $2.00B.</p><p>Other businesses — $2.79B vs. $2.47B</p><p>Other — $662M vs. -$412M</p><p>Q4 net earnings, which includes investment and derivatives gains or losses (most of which is unrealized), were $39.6B, or $17.79 per class B share. That compares with $10.3B or $4.59 per class B share, in Q3 and $35.8B, or $15.34 per share, in Q4 2020.</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>Berkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%</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\">\nBerkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-26 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3806245-berkshire-hathaway-buys-back-69b-of-stock-in-q4-operating-earnings-rise-45><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, Berkshire (BRK.B) bought back $27B of its own shares in 2021, up from the $24.7B it repurchased in ...</p>\n\n<a href=\"https://seekingalpha.com/news/3806245-berkshire-hathaway-buys-back-69b-of-stock-in-q4-operating-earnings-rise-45\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://seekingalpha.com/news/3806245-berkshire-hathaway-buys-back-69b-of-stock-in-q4-operating-earnings-rise-45","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113266874","content_text":"Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, Berkshire (BRK.B) bought back $27B of its own shares in 2021, up from the $24.7B it repurchased in 2020.Q4 operating earnings of $7.29B vs. $6.47B in Q3 and $5.02B in Q4, a 45% Y/Y jump as insurance underwriting reversed from a year-ago loss. Railroad, energy, and utilities earnings also contributed to the gain as well as a healthy increase in \"other businesses.\"Insurance float was ~$147B at Dec. 31, 2021 vs. ~$145B at Sept. 30.Operating earnings by segment:Insurance underwriting — $372M vs. -$299M a year ago.Insurance - investment income — $1.22B vs. $1.27BRailroad, utilities, and energy —$2.24B vs. $2.00B.Other businesses — $2.79B vs. $2.47BOther — $662M vs. -$412MQ4 net earnings, which includes investment and derivatives gains or losses (most of which is unrealized), were $39.6B, or $17.79 per class B share. That compares with $10.3B or $4.59 per class B share, in Q3 and $35.8B, or $15.34 per share, in Q4 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":948,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092534637,"gmtCreate":1644659213013,"gmtModify":1676533951331,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Go go BNTX!","listText":"Go go BNTX!","text":"Go go BNTX!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092534637","repostId":"1118167309","repostType":4,"repost":{"id":"1118167309","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644590958,"share":"https://ttm.financial/m/news/1118167309?lang=&edition=fundamental","pubTime":"2022-02-11 22:49","market":"us","language":"en","title":"Vaccine Stocks Gained in Morning Trading, with Novavax Rising Over 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1118167309","media":"Tiger Newspress","summary":"Vaccine stocks gained in morning trading, with Novavax rising over 4% and Moderna up 3%.","content":"<html><head></head><body><p>Vaccine stocks gained in morning trading, with Novavax rising over 4% and Moderna up 3%.<img src=\"https://static.tigerbbs.com/90171fdd783d50f40eef8102b454a579\" tg-width=\"372\" tg-height=\"519\" width=\"100%\" height=\"auto\"/></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>Vaccine Stocks Gained in Morning Trading, with Novavax Rising Over 4%</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\">\nVaccine Stocks Gained in Morning Trading, with Novavax Rising Over 4%\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\">2022-02-11 22:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Vaccine stocks gained in morning trading, with Novavax rising over 4% and Moderna up 3%.<img src=\"https://static.tigerbbs.com/90171fdd783d50f40eef8102b454a579\" tg-width=\"372\" tg-height=\"519\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药","MRNA":"Moderna, Inc.","PFE":"辉瑞"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118167309","content_text":"Vaccine stocks gained in morning trading, with Novavax rising over 4% and Moderna up 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092120424,"gmtCreate":1644557536443,"gmtModify":1676533941108,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"It will fly once pandemic is over!","listText":"It will fly once pandemic is over!","text":"It will fly once pandemic is over!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092120424","repostId":"1158145314","repostType":4,"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"content":"that will be very long fm now","text":"that will be very long fm now","html":"that will be very long fm now"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098762174,"gmtCreate":1644236824215,"gmtModify":1676533902388,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Is there a simpler way to explain the scenario?","listText":"Is there a simpler way to explain the scenario?","text":"Is there a simpler way to explain the scenario?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098762174","repostId":"2209466983","repostType":4,"repost":{"id":"2209466983","kind":"highlight","pubTimestamp":1644232684,"share":"https://ttm.financial/m/news/2209466983?lang=&edition=fundamental","pubTime":"2022-02-07 19:18","market":"us","language":"en","title":"The Next 'Pain Trade' Could Be on the Horizon as Investors Crowd into Bets Pegged to Fed Monetary Policy","url":"https://stock-news.laohu8.com/highlight/detail?id=2209466983","media":"MarketWatch","summary":"Investors may be set up for the next so-called “pain” trade, with market participants increasingly c","content":"<html><head></head><body><p>Investors may be set up for the next so-called “pain” trade, with market participants increasingly coalescing around expectations that Federal Reserve needs to act aggressively to combat persistent U.S. inflation.</p><p>As traders brace for a series of interest-rate increases this year, starting in March, many could be caught flat-footed in crowded bets that are designed to profit from anticipated monetary policy moves, should market-based expectations suddenly shift.</p><p>Friday’s release of unexpectedly strong job gains for January is giving greater credence to a Fed rate increase next month that could be a bigger-than-usual 0.50 percentage point increase, while the likelihood that the central bank’s policy rate target could end the year between 1.75% and 2% also has risen, according to the CME FedWatch Tool.</p><p>The trouble is that the COVID-19 pandemic has cleaved the range of possible U.S. economic outcomes into two directions, which can change on any given day: One favors higher policy and market rates, as the Fed and other central banks attempt to tackle persistent inflation. The other supports the view of lower rates, on the basis that economies are too fragile to handle much tightening and inflation should subsequently trail off.</p><p>That leaves those positioned for higher U.S. policy rates exposed to potential losses if the market narrative suddenly flips.</p><p>“The consensus views in this market scare me,” Gang Hu, a TIPS trader with New York hedge fund WinShore Capital Partners, wrote in a note released after Friday’s jobs report. “Reading through various research papers from the Street, I couldn’t find anyone disagree with each other. But if we all agree and put on the same positions, who’s going to take us out” of the trade?</p><p>Friday’s robust nonfarm payroll report was met with rising Treasury yields, as the 10-year rate broke through 1.9%, stocks found their footing, and investors braced for a Fed that seems certain to move away from an easy-money stance, which has kept the fed funds pinned to current levels between 0% and 0.25%. Yet it was only a few months ago that some of the most sophisticated investors — hedge funds — were caught off guard by unexpected dovish pivots by the Fed and Bank of England, as well as a flattening of bond market yield curves.</p><p>The unexpected nature of the pandemic has produced enough uncertainties to leave lingering doubts about the outlook, Hu told MarketWatch by phone — starting with the possibilities that a fresh wave of COVID-19 cases could re-emerge at any time and that growth might taper off, bringing inflation down with it. His views were backed by a Treasury yield curve, or spread between short-term yields and their longer term counterparts, that narrowed further on Friday, despite the surprisingly strong jobs report.</p><p>“We are all following central banks and taking whatever they tell us at face value,” he says. “But I expect they could probably tell us something different at another time.”</p><p>Exacerbating the risk ahead are the consolidations in the fund management industry, with fewer people controlling more money, getting all the same information, and making the same bets — with one financial firm crossing the $10 trillion threshold, according to Hu. With so few controlling so much, “who has the size to be their counterparty and take them out of the trade?” he wrote.</p><p>The lack of adequately sized counterparties on the other side of a trade means unwinding that position becomes more costly. “You can execute, but if you are forced to sell, getting out can be a painful adjustment,” said head trader John Farawell with Roosevelt &amp; Cross, a bond underwriter in New York.</p><p>Farawell pointed to Friday’s jobs report, which “shocked everybody,” as an example of how easily the herd can turn out to be wrong. “Now the question is if the Fed is going to do a 25 or 50 basis point hike, and when I see everyone looking the same way, a pain trade may occur. With many positioned for a flattening of the curve, it now could be a steepening that’s the next pain trade.”</p><p>The difficulty with being on the wrong side of a popular bet was highlighted late last year, when <a href=\"https://www.marketwatch.com/story/more-pain-likely-for-hedge-funds-as-leveraged-investors-unwind-wrong-way-bond-market-bets-traders-say-11636491751?mod=article_inline\" target=\"_blank\">hedge funds</a> incurred significant losses from wrong-way positions on the direction of interest rates in the U.S. and across the world. Their <a href=\"https://www.marketwatch.com/story/more-pain-likely-for-hedge-funds-as-leveraged-investors-unwind-wrong-way-bond-market-bets-traders-say-11636491751?mod=article_inline\" target=\"_blank\">need to short-cover</a>, or buy back securities to close out open short positions, was said to be one of the factors contributing to a decline in Treasury yields during early November.</p><p>An absence of market players may be occurring in other markets, such as crude oil, resulting in bigger swings in prices. The crude-oil market has lost some players during the pandemic, particularly companies that once acted as “circuit breakers,” said Tom Kloza, global head of energy analysis for the Oil Price Information Service. So several exploration and production firms have said they won’t hedge in futures, and “fewer participants translate into more volatility,” Kloza said.</p><p>Investors now turn their attention to next Thursday’s consumer-price index report, which traders and economists expect to come at around a 7.2% year-over-year headline gain. Traders also expect the February reading to hit 7.4% and March to hit 7.2% before annual CPI starts to taper off down to 3.3% at the end of the year.</p><p>“There has definitely been binary ways to look at inflation as it affects the market, but there hasn’t been a dispersion of views as much as I would like,” said Rob Daly, director of fixed income at Glenmede Investment Management in Philadelphia.</p><p>“The next pain trade could come if inflation moderates more quickly than expected, and rates come off quickly, with the 10-year yield falling back down to 1.50% —hurting those that have been positioned for aggressive rate hikes,” he said via phone. “Or it could come from inflation staying durable and the unwinding of risk.”</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>The Next 'Pain Trade' Could Be on the Horizon as Investors Crowd into Bets Pegged to Fed Monetary Policy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Next 'Pain Trade' Could Be on the Horizon as Investors Crowd into Bets Pegged to Fed Monetary Policy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-07 19:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-next-pain-trade-could-be-on-the-horizon-as-investors-crowd-into-bets-pegged-to-fed-monetary-policy-11644009982?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors may be set up for the next so-called “pain” trade, with market participants increasingly coalescing around expectations that Federal Reserve needs to act aggressively to combat persistent U....</p>\n\n<a href=\"https://www.marketwatch.com/story/the-next-pain-trade-could-be-on-the-horizon-as-investors-crowd-into-bets-pegged-to-fed-monetary-policy-11644009982?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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/the-next-pain-trade-could-be-on-the-horizon-as-investors-crowd-into-bets-pegged-to-fed-monetary-policy-11644009982?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2209466983","content_text":"Investors may be set up for the next so-called “pain” trade, with market participants increasingly coalescing around expectations that Federal Reserve needs to act aggressively to combat persistent U.S. inflation.As traders brace for a series of interest-rate increases this year, starting in March, many could be caught flat-footed in crowded bets that are designed to profit from anticipated monetary policy moves, should market-based expectations suddenly shift.Friday’s release of unexpectedly strong job gains for January is giving greater credence to a Fed rate increase next month that could be a bigger-than-usual 0.50 percentage point increase, while the likelihood that the central bank’s policy rate target could end the year between 1.75% and 2% also has risen, according to the CME FedWatch Tool.The trouble is that the COVID-19 pandemic has cleaved the range of possible U.S. economic outcomes into two directions, which can change on any given day: One favors higher policy and market rates, as the Fed and other central banks attempt to tackle persistent inflation. The other supports the view of lower rates, on the basis that economies are too fragile to handle much tightening and inflation should subsequently trail off.That leaves those positioned for higher U.S. policy rates exposed to potential losses if the market narrative suddenly flips.“The consensus views in this market scare me,” Gang Hu, a TIPS trader with New York hedge fund WinShore Capital Partners, wrote in a note released after Friday’s jobs report. “Reading through various research papers from the Street, I couldn’t find anyone disagree with each other. But if we all agree and put on the same positions, who’s going to take us out” of the trade?Friday’s robust nonfarm payroll report was met with rising Treasury yields, as the 10-year rate broke through 1.9%, stocks found their footing, and investors braced for a Fed that seems certain to move away from an easy-money stance, which has kept the fed funds pinned to current levels between 0% and 0.25%. Yet it was only a few months ago that some of the most sophisticated investors — hedge funds — were caught off guard by unexpected dovish pivots by the Fed and Bank of England, as well as a flattening of bond market yield curves.The unexpected nature of the pandemic has produced enough uncertainties to leave lingering doubts about the outlook, Hu told MarketWatch by phone — starting with the possibilities that a fresh wave of COVID-19 cases could re-emerge at any time and that growth might taper off, bringing inflation down with it. His views were backed by a Treasury yield curve, or spread between short-term yields and their longer term counterparts, that narrowed further on Friday, despite the surprisingly strong jobs report.“We are all following central banks and taking whatever they tell us at face value,” he says. “But I expect they could probably tell us something different at another time.”Exacerbating the risk ahead are the consolidations in the fund management industry, with fewer people controlling more money, getting all the same information, and making the same bets — with one financial firm crossing the $10 trillion threshold, according to Hu. With so few controlling so much, “who has the size to be their counterparty and take them out of the trade?” he wrote.The lack of adequately sized counterparties on the other side of a trade means unwinding that position becomes more costly. “You can execute, but if you are forced to sell, getting out can be a painful adjustment,” said head trader John Farawell with Roosevelt & Cross, a bond underwriter in New York.Farawell pointed to Friday’s jobs report, which “shocked everybody,” as an example of how easily the herd can turn out to be wrong. “Now the question is if the Fed is going to do a 25 or 50 basis point hike, and when I see everyone looking the same way, a pain trade may occur. With many positioned for a flattening of the curve, it now could be a steepening that’s the next pain trade.”The difficulty with being on the wrong side of a popular bet was highlighted late last year, when hedge funds incurred significant losses from wrong-way positions on the direction of interest rates in the U.S. and across the world. Their need to short-cover, or buy back securities to close out open short positions, was said to be one of the factors contributing to a decline in Treasury yields during early November.An absence of market players may be occurring in other markets, such as crude oil, resulting in bigger swings in prices. The crude-oil market has lost some players during the pandemic, particularly companies that once acted as “circuit breakers,” said Tom Kloza, global head of energy analysis for the Oil Price Information Service. So several exploration and production firms have said they won’t hedge in futures, and “fewer participants translate into more volatility,” Kloza said.Investors now turn their attention to next Thursday’s consumer-price index report, which traders and economists expect to come at around a 7.2% year-over-year headline gain. Traders also expect the February reading to hit 7.4% and March to hit 7.2% before annual CPI starts to taper off down to 3.3% at the end of the year.“There has definitely been binary ways to look at inflation as it affects the market, but there hasn’t been a dispersion of views as much as I would like,” said Rob Daly, director of fixed income at Glenmede Investment Management in Philadelphia.“The next pain trade could come if inflation moderates more quickly than expected, and rates come off quickly, with the 10-year yield falling back down to 1.50% —hurting those that have been positioned for aggressive rate hikes,” he said via phone. “Or it could come from inflation staying durable and the unwinding of risk.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007315541,"gmtCreate":1642774106819,"gmtModify":1676533744640,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"A good stock to accumulate which price dips.","listText":"A good stock to accumulate which price dips.","text":"A good stock to accumulate which price dips.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007315541","repostId":"2205092065","repostType":4,"repost":{"id":"2205092065","kind":"news","pubTimestamp":1642772543,"share":"https://ttm.financial/m/news/2205092065?lang=&edition=fundamental","pubTime":"2022-01-21 21:42","market":"us","language":"en","title":"Apple stock has made a huge move higher — is it time to sell?","url":"https://stock-news.laohu8.com/highlight/detail?id=2205092065","media":"Yahoo Finance","summary":"A top Wall Street analyst thinks Apple's stock (AAPL) is at risk of an earnings day sell-off, which ","content":"<html><head></head><body><p>A top Wall Street analyst thinks Apple&#39;s stock (AAPL) is at risk of an earnings day sell-off, which would ultimately be a buying opportunity.</p><p>&#34;Apple shares are up 19% since the October 4 low (vs. 5% for the S&amp;P 500) suggesting December quarter upside is largely priced in,&#34; warned <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> tech analyst Katy Huberty in a new research note Thursday. Huberty expects Apple to report a better than expected quarter on Jan. 27, and guide to a relatively in line March quarter.</p><p>If the stock falls on the results — which would extend a 9% slide year-to-date — Huberty believes it would be a good entry point into Apple given several key elements.</p><p>The analyst views Apple &#34;as a more defensive/quality outperformer in challenging markets given a 1.65 billion plus installed base with high loyalty/retention rates, underweight institutional positioning, strong capital returns, and the tendency for Apple to outperform ahead of product cycles (iPhone SE3 in April/May 2022, iPhone 14 in Fall 2022, and a MR Headset in 2023).&#34;</p><p>Huberty rates Apple shares at an Overweight, or the equivalent of a Buy with a $200 price target.</p><p><img src=\"https://static.tigerbbs.com/0d5848184c98b44bcee140d5d9801779\" tg-width=\"819\" tg-height=\"690\" width=\"100%\" height=\"auto\"/></p><p>Apple shares closed at $164.51 on Thursday.</p><p>Despite its impressive fundamentals, Apple&#39;s stock has been swept up into the selling in big-cap tech names ahead of rate hikes from the Federal Reserve.</p><p>The Nasdaq Composite fell into correction territory on Wednesday, otherwise known as a decline of 10% or more from a recent high. High multiple tech stocks besides Apple continue to be under severe pressure, notably fintech player Block (formerly Square) which is hovering around a 52-week low. Shares of Roku have crashed 52% in the past three months.</p><p>Other pros on the Street think one should be poised to pounce on Apple soon.</p><p>&#34;So many times Apple is seen as a defensive stock. We noticed that over the last maybe six weeks when a lot of other tech names were down, Apple continued to do well. If you don&#39;t have it in your portfolio — we are longer-term investors — wait for that pullback and add some of that to your holdings for more of the base holding in your portfolio,&#34; Crossmark Global Investments chief markets strategist Victoria Fernandez said on Yahoo Finance Live.</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>Apple stock has made a huge move higher — is it time to sell?</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\">\nApple stock has made a huge move higher — is it time to sell?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-21 21:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-stock-has-made-a-huge-move-higher-is-it-time-to-sell-171043045.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A top Wall Street analyst thinks Apple's stock (AAPL) is at risk of an earnings day sell-off, which would ultimately be a buying opportunity.\"Apple shares are up 19% since the October 4 low (vs. 5% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-stock-has-made-a-huge-move-higher-is-it-time-to-sell-171043045.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4507":"流媒体概念","BK4566":"资本集团","BK4501":"段永平概念","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","GOOG":"谷歌","AAPL":"苹果","GOOGL":"谷歌A","BK4505":"高瓴资本持仓","SQ":"Block","SQ2.AU":"Block Inc","BK4170":"电脑硬件、储存设备及电脑周边","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","NFLX":"奈飞","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","AMZN":"亚马逊","BK4534":"瑞士信贷持仓"},"source_url":"https://finance.yahoo.com/news/apple-stock-has-made-a-huge-move-higher-is-it-time-to-sell-171043045.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2205092065","content_text":"A top Wall Street analyst thinks Apple's stock (AAPL) is at risk of an earnings day sell-off, which would ultimately be a buying opportunity.\"Apple shares are up 19% since the October 4 low (vs. 5% for the S&P 500) suggesting December quarter upside is largely priced in,\" warned Morgan Stanley tech analyst Katy Huberty in a new research note Thursday. Huberty expects Apple to report a better than expected quarter on Jan. 27, and guide to a relatively in line March quarter.If the stock falls on the results — which would extend a 9% slide year-to-date — Huberty believes it would be a good entry point into Apple given several key elements.The analyst views Apple \"as a more defensive/quality outperformer in challenging markets given a 1.65 billion plus installed base with high loyalty/retention rates, underweight institutional positioning, strong capital returns, and the tendency for Apple to outperform ahead of product cycles (iPhone SE3 in April/May 2022, iPhone 14 in Fall 2022, and a MR Headset in 2023).\"Huberty rates Apple shares at an Overweight, or the equivalent of a Buy with a $200 price target.Apple shares closed at $164.51 on Thursday.Despite its impressive fundamentals, Apple's stock has been swept up into the selling in big-cap tech names ahead of rate hikes from the Federal Reserve.The Nasdaq Composite fell into correction territory on Wednesday, otherwise known as a decline of 10% or more from a recent high. High multiple tech stocks besides Apple continue to be under severe pressure, notably fintech player Block (formerly Square) which is hovering around a 52-week low. Shares of Roku have crashed 52% in the past three months.Other pros on the Street think one should be poised to pounce on Apple soon.\"So many times Apple is seen as a defensive stock. We noticed that over the last maybe six weeks when a lot of other tech names were down, Apple continued to do well. If you don't have it in your portfolio — we are longer-term investors — wait for that pullback and add some of that to your holdings for more of the base holding in your portfolio,\" Crossmark Global Investments chief markets strategist Victoria Fernandez said on Yahoo Finance Live.","news_type":1},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005752343,"gmtCreate":1642424554785,"gmtModify":1676533709524,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"I like SEA😊","listText":"I like SEA😊","text":"I like SEA😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005752343","repostId":"2204775102","repostType":4,"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884259861,"gmtCreate":1631896686853,"gmtModify":1676530665761,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Hopefully bottom is reached","listText":"Hopefully bottom is reached","text":"Hopefully bottom is reached","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884259861","repostId":"2168852942","repostType":4,"repost":{"id":"2168852942","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1631867551,"share":"https://ttm.financial/m/news/2168852942?lang=&edition=fundamental","pubTime":"2021-09-17 16:32","market":"hk","language":"en","title":"Hong Kong shares rebound, led by tech, healthcare","url":"https://stock-news.laohu8.com/highlight/detail?id=2168852942","media":"Reuters","summary":"Sept 17 (Reuters) - Hong Kong shares rebounded after posting their lowest close in 10 months during ","content":"<p>Sept 17 (Reuters) - Hong Kong shares rebounded after posting their lowest close in 10 months during the previous session, with tech and healthcare leading the gains.</p>\n<p>The Hang Seng index rose +1.0% to 24,920.76, while the China Enterprises Index gained +1.5% to 8,940.47 points.</p>\n<p>For the week, the and the lost 4.9% and 4.8% respectively, the highest weekly drop for both since Aug. 20.</p>\n<p>Shares of <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> extended falls for the fifth consecutive session, finishing down 3.4% before slumping more than 10% in morning trading, their lowest in nearly ten years.</p>\n<p>The Hang Seng Property Index edged higher 0.3%. For the week, they lost 8%, the biggest weekly decline since March 2020.</p>\n<p>Property companies Country Garden Holdings, China Resources Land Ltd, Hang Lung Properties&nbsp;rose as investors bought the dips.</p>\n<p>The Hang Seng Finance Index went down 0.5%. Financial companies who have loan exposures to the real estate sector fell sharply.</p>\n<p>The Hang Seng Tech Index jumped 3.5% after losing 1% in previous session. Internet giants Tencent Holdings, Alibaba Group, and Meituan gained 2.4%, 2.2%, and 3.5% respectively.</p>\n<p>The healthcare sub-index surged 5.2%, and Alibaba Health Information Technology and Wuxi Biologics are the top two daily gainers on the Hang Seng Index.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong shares rebound, led by tech, healthcare</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong shares rebound, led by tech, healthcare\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-17 16:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Sept 17 (Reuters) - Hong Kong shares rebounded after posting their lowest close in 10 months during the previous session, with tech and healthcare leading the gains.</p>\n<p>The Hang Seng index rose +1.0% to 24,920.76, while the China Enterprises Index gained +1.5% to 8,940.47 points.</p>\n<p>For the week, the and the lost 4.9% and 4.8% respectively, the highest weekly drop for both since Aug. 20.</p>\n<p>Shares of <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> extended falls for the fifth consecutive session, finishing down 3.4% before slumping more than 10% in morning trading, their lowest in nearly ten years.</p>\n<p>The Hang Seng Property Index edged higher 0.3%. For the week, they lost 8%, the biggest weekly decline since March 2020.</p>\n<p>Property companies Country Garden Holdings, China Resources Land Ltd, Hang Lung Properties&nbsp;rose as investors bought the dips.</p>\n<p>The Hang Seng Finance Index went down 0.5%. Financial companies who have loan exposures to the real estate sector fell sharply.</p>\n<p>The Hang Seng Tech Index jumped 3.5% after losing 1% in previous session. Internet giants Tencent Holdings, Alibaba Group, and Meituan gained 2.4%, 2.2%, and 3.5% respectively.</p>\n<p>The healthcare sub-index surged 5.2%, and Alibaba Health Information Technology and Wuxi Biologics are the top two daily gainers on the Hang Seng Index.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSTECH":"恒生科技指数","HSCEI":"国企指数","HSCCI":"红筹指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168852942","content_text":"Sept 17 (Reuters) - Hong Kong shares rebounded after posting their lowest close in 10 months during the previous session, with tech and healthcare leading the gains.\nThe Hang Seng index rose +1.0% to 24,920.76, while the China Enterprises Index gained +1.5% to 8,940.47 points.\nFor the week, the and the lost 4.9% and 4.8% respectively, the highest weekly drop for both since Aug. 20.\nShares of China Evergrande Group extended falls for the fifth consecutive session, finishing down 3.4% before slumping more than 10% in morning trading, their lowest in nearly ten years.\nThe Hang Seng Property Index edged higher 0.3%. For the week, they lost 8%, the biggest weekly decline since March 2020.\nProperty companies Country Garden Holdings, China Resources Land Ltd, Hang Lung Properties rose as investors bought the dips.\nThe Hang Seng Finance Index went down 0.5%. Financial companies who have loan exposures to the real estate sector fell sharply.\nThe Hang Seng Tech Index jumped 3.5% after losing 1% in previous session. Internet giants Tencent Holdings, Alibaba Group, and Meituan gained 2.4%, 2.2%, and 3.5% respectively.\nThe healthcare sub-index surged 5.2%, and Alibaba Health Information Technology and Wuxi Biologics are the top two daily gainers on the Hang Seng Index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884224135,"gmtCreate":1631896230127,"gmtModify":1676530665680,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"All respectable counters??","listText":"All respectable counters??","text":"All respectable counters??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/884224135","repostId":"2168552491","repostType":4,"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883609918,"gmtCreate":1631235672734,"gmtModify":1676530503430,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Just play with money u can afford to lose if you want to play.","listText":"Just play with money u can afford to lose if you want to play.","text":"Just play with money u can afford to lose if you want to play.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/883609918","repostId":"2166425283","repostType":4,"isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801123302,"gmtCreate":1627488941006,"gmtModify":1703491067548,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"It is already a lifestyle !","listText":"It is already a lifestyle !","text":"It is already a lifestyle !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801123302","repostId":"1112939298","repostType":4,"repost":{"id":"1112939298","kind":"news","pubTimestamp":1627484367,"share":"https://ttm.financial/m/news/1112939298?lang=&edition=fundamental","pubTime":"2021-07-28 22:59","market":"us","language":"en","title":"Starbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.","url":"https://stock-news.laohu8.com/highlight/detail?id=1112939298","media":"Barrons","summary":"Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s clo","content":"<p>Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s close.</p>\n<p>Starbucks&nbsp;reported non-GAAP per-share earnings of $1.01 on $7.5 billion in revenue, a record. Analysts had forecast earnings per share of $0.77 on $7.3 billion in revenue.</p>\n<p>Despite beating consensus revenue and earnings targets, Starbucks stock is down 3%, to $122.30.</p>\n<p>Driven by an 84% increase in same-store sales in America, the global coffee giant reported an overall increase in comparable-store sales of 73% relative to the third quarter last year. Indeed, brand loyalty remains strong, especially in the U.S. where 90-day active&nbsp;members of the Starbucks Rewards loyalty program&nbsp;increased 48% year-over-year and now account for 51% of all spending in U.S. stores–up 8% from pre-pandemic levels.</p>\n<p>In a statement, Starbucks CEO Kevin Johnson told investors “Starbucks delivered record performance in the third quarter, demonstrating powerful momentum beyond recovery. Our ability to move with speed and agility and to be out in front of shifting customer behaviors has helped further differentiate Starbucks, positioning us well for this moment.”</p>\n<p>The strong results have prompted management to raise the company’s 2021 earnings per share outlook from $2.90-$3.00 to $3.20-$3.25.</p>\n<p>During the earnings call, analysts were keen to hear about management’s outlook on China, as they expressed concerns about consumer pushback against U.S. brands in the region. However, Johnson was quick to dispel the concerns, commenting that there hasn’t been a&nbsp;geopolitical event in China&nbsp;that has impacted them in the past couple of years, and he doesn’t foresee that happening as long as they continue taking care of their partners and customers.</p>\n<p>While fears about&nbsp;rising labor costs&nbsp;did not materialize since operating margins were higher than last quarter and the corresponding period last year, analysts were expecting better performance in international markets. Cowen analyst, Andrew Charles, stated that Starbucks’s 41% change in comparable-store sales relative to the same period last year fell short of the 62% growth he anticipated to see. Nonetheless, the impressive numbers from the U.S. were enough for Charles to raise his price target from $126 to $135. Likewise, Stifel analyst Chris O’Cull had expected international comparable store sales to increase 66%. O’Cull further noted that management offered guidance, which implied roughly flat two-year international comparable store sales.</p>\n<p>The question to investors remains whether strong U.S. growth is enough to keep on offsetting slower international growth and push the stock higher.</p>","source":"lsy1601382232898","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>Starbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.</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\">\nStarbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 22:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/starbucks-earnings-stock-51627419105?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s close.\nStarbucks reported non-GAAP per-share earnings of $1.01 on $7.5 billion in revenue, a record. ...</p>\n\n<a href=\"https://www.barrons.com/articles/starbucks-earnings-stock-51627419105?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克"},"source_url":"https://www.barrons.com/articles/starbucks-earnings-stock-51627419105?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112939298","content_text":"Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s close.\nStarbucks reported non-GAAP per-share earnings of $1.01 on $7.5 billion in revenue, a record. Analysts had forecast earnings per share of $0.77 on $7.3 billion in revenue.\nDespite beating consensus revenue and earnings targets, Starbucks stock is down 3%, to $122.30.\nDriven by an 84% increase in same-store sales in America, the global coffee giant reported an overall increase in comparable-store sales of 73% relative to the third quarter last year. Indeed, brand loyalty remains strong, especially in the U.S. where 90-day active members of the Starbucks Rewards loyalty program increased 48% year-over-year and now account for 51% of all spending in U.S. stores–up 8% from pre-pandemic levels.\nIn a statement, Starbucks CEO Kevin Johnson told investors “Starbucks delivered record performance in the third quarter, demonstrating powerful momentum beyond recovery. Our ability to move with speed and agility and to be out in front of shifting customer behaviors has helped further differentiate Starbucks, positioning us well for this moment.”\nThe strong results have prompted management to raise the company’s 2021 earnings per share outlook from $2.90-$3.00 to $3.20-$3.25.\nDuring the earnings call, analysts were keen to hear about management’s outlook on China, as they expressed concerns about consumer pushback against U.S. brands in the region. However, Johnson was quick to dispel the concerns, commenting that there hasn’t been a geopolitical event in China that has impacted them in the past couple of years, and he doesn’t foresee that happening as long as they continue taking care of their partners and customers.\nWhile fears about rising labor costs did not materialize since operating margins were higher than last quarter and the corresponding period last year, analysts were expecting better performance in international markets. Cowen analyst, Andrew Charles, stated that Starbucks’s 41% change in comparable-store sales relative to the same period last year fell short of the 62% growth he anticipated to see. Nonetheless, the impressive numbers from the U.S. were enough for Charles to raise his price target from $126 to $135. Likewise, Stifel analyst Chris O’Cull had expected international comparable store sales to increase 66%. O’Cull further noted that management offered guidance, which implied roughly flat two-year international comparable store sales.\nThe question to investors remains whether strong U.S. growth is enough to keep on offsetting slower international growth and push the stock higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801160943,"gmtCreate":1627488227882,"gmtModify":1703491049880,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Amazing how drastic the measures can be!","listText":"Amazing how drastic the measures can be!","text":"Amazing how drastic the measures can be!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801160943","repostId":"2154926050","repostType":4,"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9049288202,"gmtCreate":1655800159906,"gmtModify":1676535707751,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Yay!","listText":"Yay!","text":"Yay!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049288202","repostId":"1115969865","repostType":2,"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884224135,"gmtCreate":1631896230127,"gmtModify":1676530665680,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"All respectable counters??","listText":"All respectable counters??","text":"All respectable counters??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/884224135","repostId":"2168552491","repostType":4,"repost":{"id":"2168552491","kind":"highlight","pubTimestamp":1631878843,"share":"https://ttm.financial/m/news/2168552491?lang=&edition=fundamental","pubTime":"2021-09-17 19:40","market":"us","language":"en","title":"3 Top Warren Buffett Stocks to Buy and Hold","url":"https://stock-news.laohu8.com/highlight/detail?id=2168552491","media":"Motley Fool","summary":"Invest like the legendary multibillionaire with these three great stocks.","content":"<p>Follow the leader. It's not just a game that children play. For some, it's their investment strategy.</p>\n<p>The idea is to base your own investments on a successful investor's portfolio. There are quite a few famous investors who you could follow, and Warren Buffett stands out as one of the greatest. He earned the nickname \"Oracle of Omaha\" by outperforming the market for decades.</p>\n<p>Following the leader isn't always the best investing approach, though. Your current situation and goals are likely quite different from a multibillionaire like Buffett.</p>\n<p>However, there are some stocks that the legendary investor likes that are also great long-term picks for many not-so-famous investors. Here are three top Buffett stocks to buy and hold.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F642023%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>1. Berkshire Hathaway</h2>\n<p><b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) stands out as the obvious Buffett stock to buy and hold. With Berkshire, you'll get to fully share in the great investor's future success.</p>\n<p>From 1965 (when Buffett took over) to 2020, Berkshire Hathaway stock delivered a compounded annual gain of 20%. That's nearly double the return of the <b>S&amp;P 500 index </b>during the period. So far this year, Berkshire's performance is close to its historical average gain.</p>\n<p>Will Berkshire keep up its winning ways? Probably so. For one thing, the company sits atop a massive cash stockpile of more than $140 billion. And Berkshire's core businesses keep churning out more cash. There's a lot of dry powder to use in buying stocks at a discount in the next major pullback.</p>\n<p>Also, Buffett is allowing his investment managers to call the shots more frequently on which stocks to buy. That's resulting in a more aggressive strategy that could pay off handsomely over the long term.</p>\n<h2>2. Apple</h2>\n<p>Outside of Berkshire Hathaway itself, <b>Apple</b> (NASDAQ:AAPL) ranks as Buffett's favorite stock. It's no coincidence that Berkshire owns far more shares of the tech giant than any other company.</p>\n<p>Apple stock has given investors more than a five times return over the last five years, but shares are lagging behind the overall market in 2021. However, this $2.5 trillion company still has plenty of room to grow.</p>\n<p>The increased adoption of 5G networks continues to fuel higher iPhone sales. This trend also benefits much of Apple's ecosystem, including the App Store, iCloud, and peripheral devices such as AirPods and Apple Watch.</p>\n<p>Apple also has other growth drivers. Its AppleTV+ streaming service is becoming a powerhouse in its own right. Augmented reality and virtual reality also present tremendous growth opportunities for the company.</p>\n<h2>3. Johnson &amp; Johnson</h2>\n<p>Buffett used to be a bigger fan of&nbsp;<b>Johnson &amp; Johnson</b> (NYSE:JNJ) than he is now. The healthcare stock makes up only a tiny portion of Berkshire's portfolio. However, J&amp;J is nonetheless one of the best Buffett stocks to own if you have a long-term investing horizon.</p>\n<p>Johnson &amp; Johnson is the biggest global player in the fast-growing healthcare market. Many of its products are necessities instead of \"nice-to-haves.\" J&amp;J is a leader in multiple major healthcare arenas -- consumer health, medical devices, and pharmaceuticals.</p>\n<p>Granted, Johnson &amp; Johnson stock has badly underperformed the <b>S&amp;P 500</b> over the last decade. The company is in a stronger position for growth now, though, thanks in large part to its research and development investments and acquisitions. Roughly one-fourth of J&amp;J's total sales come from products launched over the past five years.</p>\n<p>Buffett lives by two rules of investing. Rule No. 1 is never lose money. Rule No. 2 is don't forget Rule No. 1. With its diversified healthcare operations and financial strength, Johnson &amp; Johnson is arguably one of the best stocks to buy and hold to follow Buffett's investing rules.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Warren Buffett Stocks to Buy and Hold</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top Warren Buffett Stocks to Buy and Hold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 19:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/17/3-top-warren-buffett-stocks-to-buy-and-hold/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Follow the leader. It's not just a game that children play. For some, it's their investment strategy.\nThe idea is to base your own investments on a successful investor's portfolio. There are quite a ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/17/3-top-warren-buffett-stocks-to-buy-and-hold/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","JNJ":"强生","BRK.A":"伯克希尔","AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2021/09/17/3-top-warren-buffett-stocks-to-buy-and-hold/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168552491","content_text":"Follow the leader. It's not just a game that children play. For some, it's their investment strategy.\nThe idea is to base your own investments on a successful investor's portfolio. There are quite a few famous investors who you could follow, and Warren Buffett stands out as one of the greatest. He earned the nickname \"Oracle of Omaha\" by outperforming the market for decades.\nFollowing the leader isn't always the best investing approach, though. Your current situation and goals are likely quite different from a multibillionaire like Buffett.\nHowever, there are some stocks that the legendary investor likes that are also great long-term picks for many not-so-famous investors. Here are three top Buffett stocks to buy and hold.\nImage source: The Motley Fool.\n1. Berkshire Hathaway\nBerkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) stands out as the obvious Buffett stock to buy and hold. With Berkshire, you'll get to fully share in the great investor's future success.\nFrom 1965 (when Buffett took over) to 2020, Berkshire Hathaway stock delivered a compounded annual gain of 20%. That's nearly double the return of the S&P 500 index during the period. So far this year, Berkshire's performance is close to its historical average gain.\nWill Berkshire keep up its winning ways? Probably so. For one thing, the company sits atop a massive cash stockpile of more than $140 billion. And Berkshire's core businesses keep churning out more cash. There's a lot of dry powder to use in buying stocks at a discount in the next major pullback.\nAlso, Buffett is allowing his investment managers to call the shots more frequently on which stocks to buy. That's resulting in a more aggressive strategy that could pay off handsomely over the long term.\n2. Apple\nOutside of Berkshire Hathaway itself, Apple (NASDAQ:AAPL) ranks as Buffett's favorite stock. It's no coincidence that Berkshire owns far more shares of the tech giant than any other company.\nApple stock has given investors more than a five times return over the last five years, but shares are lagging behind the overall market in 2021. However, this $2.5 trillion company still has plenty of room to grow.\nThe increased adoption of 5G networks continues to fuel higher iPhone sales. This trend also benefits much of Apple's ecosystem, including the App Store, iCloud, and peripheral devices such as AirPods and Apple Watch.\nApple also has other growth drivers. Its AppleTV+ streaming service is becoming a powerhouse in its own right. Augmented reality and virtual reality also present tremendous growth opportunities for the company.\n3. Johnson & Johnson\nBuffett used to be a bigger fan of Johnson & Johnson (NYSE:JNJ) than he is now. The healthcare stock makes up only a tiny portion of Berkshire's portfolio. However, J&J is nonetheless one of the best Buffett stocks to own if you have a long-term investing horizon.\nJohnson & Johnson is the biggest global player in the fast-growing healthcare market. Many of its products are necessities instead of \"nice-to-haves.\" J&J is a leader in multiple major healthcare arenas -- consumer health, medical devices, and pharmaceuticals.\nGranted, Johnson & Johnson stock has badly underperformed the S&P 500 over the last decade. The company is in a stronger position for growth now, though, thanks in large part to its research and development investments and acquisitions. Roughly one-fourth of J&J's total sales come from products launched over the past five years.\nBuffett lives by two rules of investing. Rule No. 1 is never lose money. Rule No. 2 is don't forget Rule No. 1. With its diversified healthcare operations and financial strength, Johnson & Johnson is arguably one of the best stocks to buy and hold to follow Buffett's investing rules.","news_type":1},"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349736354,"gmtCreate":1617637024378,"gmtModify":1704701258314,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Tesla is certainly leader in every way where EV isconcerned.","listText":"Tesla is certainly leader in every way where EV isconcerned.","text":"Tesla is certainly leader in every way where EV isconcerned.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349736354","repostId":"1123709980","repostType":4,"repost":{"id":"1123709980","kind":"news","pubTimestamp":1617636511,"share":"https://ttm.financial/m/news/1123709980?lang=&edition=fundamental","pubTime":"2021-04-05 23:28","market":"us","language":"en","title":"Tesla: The Time Is Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1123709980","media":"seekingalpha","summary":"However, there is cause for optimism for the bulls.I'll explain a number of reasons why Tesla is a strong buy.Photo by Justin Sullivan/Getty Images News via Getty Images. Growth stocks have been absolutely destroyed in the past couple of months, and in the process, some bargains have been created. Not all growth stocks are created equal, and there were undoubtedly some frothy rallies that took place into the early part of 2021, but opportunities abound if you – like me – think that the rapid eco","content":"<p><b>Summary</b></p>\n<ul>\n <li>TSLA has been decimated in recent weeks.</li>\n <li>However, there is cause for optimism for the bulls.</li>\n <li>I'll explain a number of reasons why Tesla is a strong buy.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34d035a970508c4a7d59d7c16d728cb5\" tg-width=\"1536\" tg-height=\"1000\"><span>Photo by Justin Sullivan/Getty Images News via Getty Images</span></p>\n<p>Growth stocks have been absolutely destroyed in the past couple of months, and in the process, some bargains have been created. Not all growth stocks are created equal, and there were undoubtedly some frothy rallies that took place into the early part of 2021, but opportunities abound if you – like me – think that the rapid economic expansion out of the COVID recession will serve these growth stocks well.</p>\n<p>One name that I haven’t touched much in the past, but that I believe is on the cusp of a big move higher, is electric vehicle OG&nbsp;<b>Tesla</b>(TSLA). Below, I’ll discuss why I like Tesla’s fundamentals at the current price, but the timing of my bullish position is dictated by what we see below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f72f46ef39a132b1d301fa60da71f7ec\" tg-width=\"640\" tg-height=\"633\"><span>Source: StockCharts</span></p>\n<p>I’ve circled the areas that are ~4 weeks out from an upcoming earnings report to show how reliable Tesla has been in advancing – in a big way – into earnings reports. We are just under four weeks away from Tesla’s late-April report, and if history is a guide, the stock is likely to be a lot higher by the time the company reports than it is today. Given the immense weakness we’ve seen in the stock, I think the odds are even higher this time that the stock makes a run into the report than it usually is.</p>\n<p>Not only has Tesla been a big winner trading into earnings releases, but there are signs that the selling is losing momentum. The relative bottom at $539 was met with new momentum lows in the RSI and PPO, but the current move down has seen momentum much higher on a relative basis. That doesn’t guarantee anything, but it does show that the worst of the selling is<i>probably</i>over. I’ve circled the divergences I’m referencing in the chart above, as these are the earliest signs of a bottom being formed.</p>\n<p>Those that read my work know that I trust the accumulation/distribution line, which has never wavered despite the relentless selling we’ve seen. This indicator shows whether investors are buying dips or not and for the A/D line to look like that, on a stock with a massive market capitalization, institutions must be buying. Like the momentum indicators, nothing is certain with the A/D line, but all of this adds up to a stock that looks to me like it is trying to bottom.</p>\n<p>But there’s one more piece of evidence I’d like to offer up that I believe shows Tesla is very oversold and is due for a rally. Below, I’ve plotted the total percentage returns over the prior 50-day period going back to the middle of 2018 to show just how ugly the recent selling has been.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41235a82786f7c031ead1bbf3aa15c90\" tg-width=\"640\" tg-height=\"444\"><span>Source: Author’s chart using historical price data from Yahoo! Finance</span></p>\n<p>Tesla is currently showing 50-day returns of -25%, which has only occurred a handful of times in the past three years. We can see that there was one period of protracted weakness in early 2019 that eventually resolved itself to the upside but did take some time. That was before EV stocks got their massive bid from investors, and I think it is pretty easy to argue that time frame isn’t all that comparable to today.</p>\n<p>What is comparable to today is the time period since 2020 began, and if we look at that, we see that Tesla is more oversold today by this measure than during any of the other drawdowns. I’ll say again none of this guarantees anything, but it certainly looks to me like Tesla is quite oversold on this measure, and keep in mind 50 trading days is roughly two and half months, so this is a longer-term indicator with lots of data points.</p>\n<p>Now, when I put all of this together – the recent decline, the divergences in momentum, the fact that Tesla has been a huge winner into earnings releases, and 50-day rolling returns – all signs point to a much higher stock a month or two down the road.</p>\n<p>Obviously, risks exist. The narrative for growth stocks being crushed has been higher interest rates, and if rates continue higher, it is possible we see more selling in growth names. However, the damage has been pretty severe in a lot of cases, and the interest rate narrative is a couple of months old at this point, so I’m not sure how much more downside there could be relative to what has already taken place.</p>\n<p>Even if you do buy into the idea that higher rates are responsible for growth stocks coming down, it appears to me we have rally exhaustion going on in rates, opposite to what I just explained for Tesla.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8431dcf8a7afbe72249144c017e28ced\" tg-width=\"640\" tg-height=\"536\"><span>Source: StockCharts</span></p>\n<p>We can see with this two-year chart that rates are still well below where they were pre-pandemic, with room for another 20 or 30bps before getting back to early-2020 levels. I mention this to say it isn’t like we’re making new highs in rates that should see growth stocks be decimated; this is just a rebound.</p>\n<p>But more importantly, the vertical line I’ve annotated shows that the ten-year has climbed for about a month, making new relative highs repeatedly without any sort of momentum confirmation. The PPO is moving lower, and the 14-day RSI is doing the same thing. This doesn’t guarantee rates are coming down, but it does certainly show the rally is losing steam. Negative divergences like these often portend a change of trend, at least temporarily, and I firmly believe rates have moved too high, too quickly. If you believe rates are responsible for growth stock declines, this should look pretty bullish to you.</p>\n<p><b>Not just a trade</b></p>\n<p>I’ve detailed above why I think Tesla is set up very well right now technically, and I think the stock is on the cusp of a big move higher. However, Tesla isn’t just a trade candidate. I used to be a Tesla hater based on valuation this and valuation that, but the company has proven me wrong time and again. And it isn’t just me; have a look at this chart of revenue estimates, which move up, up, and up some more over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8499c62835d88fca8a6c22c7cb8aeae8\" tg-width=\"640\" tg-height=\"282\"><span>Source: Seeking Alpha</span></p>\n<p>Revenue estimates have soared for the out years, but also for 2021 and 2022, in recent months. Tesla (read: Musk) has put out some highly ambitious goals over the year, some of which have come to fruition, and some of which haven’t. But this company is a massive disruptor in an industry with literally trillions of dollars on the line in the coming decade and has a huge head start on legacy players that are now trying to play catch up.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/414e539154fdd2ed51e8f5518cc1dee4\" tg-width=\"640\" tg-height=\"663\"><span>Source: Investor presentation</span></p>\n<p>The company continues to invest billions of dollars in new production capacity for its products, including Gigafactories in Shanghai, Berlin, and Austin. The Roadster will be low volume and likely won’t make much difference for revenue or earnings, but things like the Cybertruck and Semi have enormous potential.</p>\n<p>Tesla has taken big market share gains over the years with a very small lineup of vehicles, and as batteries become cheaper, as ranges get longer, and as more and more localities ban gasoline and diesel vehicles, Tesla is easily the biggest winner. Legacy manufacturers have scale advantages in terms of financing and footprints in place, but they are many years behind Tesla in terms of development.</p>\n<p>The beautiful thing is that Tesla is taking market share, but the market itself is growing rapidly. The adoption of EVs among consumers is still in the very early stages, and for commercial fleets, it is even earlier. This sort of rapidly expanding market is good for all players, but for Tesla, it is taking share in a burgeoning market, creating a virtuous cycle of upward revenue potential. That’s why estimates continue to rise, and why I believe they will continue to do so.</p>\n<p>Entire&nbsp;countries&nbsp;have made public their desire to ban fossil fuel vehicles in the not-too-distant future, which is why the legacy manufacturers are getting serious about EVs; there is no viable alternative at this point. Tesla has been developing for years and is the undisputed leader in the space, so it is in a much better competitive position for the eventual banning of fossil fuel vehicles around the world. Below we have EV market share, where Tesla is leading the way.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5d31a504c8d24f752bdf964272d0c80\" tg-width=\"640\" tg-height=\"415\"><span>Source: Statista</span></p>\n<p>Tesla is in front of the only legacy OEM with any sort of meaningful share, which doesn't even account for the Detroit automakers, which are just getting started.</p>\n<p>Tesla has years of knowledge in battery development - which is a key competitive advantage and differentiator - and it has already invested in manufacturing scale that not only affords higher capacity but a lead over the others that are trying to catch up. In short, Tesla knew the path forward was EVs years before the OEMs, which are now trying to replicate Tesla's success.</p>\n<p>On the earnings front, Tesla used to be a leap of faith that at some point, the company would actually make some money. However, Tesla has now produced a full-year profit, and there appears to be no looking back.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/509625fa57a60dedf709454caef2bf2a\" tg-width=\"640\" tg-height=\"282\"><span>Source: Seeking Alpha</span></p>\n<p>Estimates have ramped higher since mid-2019, with steep upward slopes in estimates from 2021 through 2026 moving meaningfully higher. Tesla, in other words, has reached the inflection point with volume where it can cover all of its fixed costs, and reliably stop burning through cash by the hundreds of millions of dollars, which was an issue for years. That’s critically important because Tesla is no longer a leap of faith; it is a company with industry-leading operating margins and huge revenue growth potential.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2ca244f453cb1ff0d6cf666285f958d\" tg-width=\"640\" tg-height=\"280\"><span>Source: Seeking Alpha</span></p>\n<p>If you look at the bottom line in the above table, operating income on a TTM basis was negative through March 2019 but has been positive - and rising - since. That means Tesla has indeed reached the point where profitability is no longer a concern; this is an important step in its maturation process and proof it is now a mainstream automaker.</p>\n<p><b>Valuation and sentiment</b></p>\n<p>The interesting thing is that despite the wave of positive news coming from Tesla itself, and in news items like entire countries planning to ban fossil fuel vehicles, the analyst community is never quite bullish on Tesla.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/464a965b06e8dd2a0e88f7849563b9fd\" tg-width=\"640\" tg-height=\"188\"><span>Source: Seeking Alpha</span></p>\n<p>Authors here on<i>Seeking Alpha</i>are, on the whole, bearish leaning, while we see a similar story with Wall Street ratings. I simply don’t agree given the massive potential Tesla has and the fact that it is a proven winner. There are now countless EV manufacturers, but none of them have the scale, product line, and development time in the tool kit that Tesla does.</p>\n<p>And as Tesla continues to take market share in this market that is growing so rapidly, there is a lot of room for analysts to figure out they are on the wrong side of Tesla.</p>\n<p>Finally, let’s take a look at the EV to sales ratios of Tesla and a selection of competitors for the past year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57b4c81b65d3137aa47507c4757025df\" tg-width=\"640\" tg-height=\"186\"><span>Source: TIKR.com</span></p>\n<p>Valuations moved a lot higher coming out of the pandemic, but that’s true of just about any sector you can think of; a 100-year pandemic event will crush valuations. Out of that, however, came much higher EV stock valuations for all of the reasons I mentioned above; the market is booming and consumers are responding by buying EVs. However, the massive run-up in valuations has largely been unwound, and I think it is pretty interesting that Tesla, which trades at 13X EV to forward sales, is in the middle of this pack.</p>\n<p>The others on the list can rightly be called startups and have nothing close to the brand recognition, product line, development capability, manufacturing capability, or anything else you can think of when compared to Tesla. That means Tesla’s competitive advantage should be secure for years to come, but it trades for a similar valuation to these others that are sort of like buying Tesla in 2012 or 2013; it might work out, but it might not. Tesla is a very long way down the road in terms of its lifecycle compared to these competitors, so the relative risk is much lower.</p>\n<p><b>Final Thoughts</b></p>\n<p>Tesla is not only winning today, but it is continuing to invest tirelessly into winning tomorrow. Production scale for models like the 3, S, X, and Y is critical because those vehicles are selling today and providing the cash to invest in things like Cybertruck and Semi. Tesla is committed to winning in all stages of the EV market, including not only consumer but commercial as well.</p>\n<p>Semi production&nbsp;isn’t far off, and the company is already receiving&nbsp;interest&nbsp;from buyers. This has the potential for<i>massive</i>market share gains for Tesla in the next decade, but is not a story for 2021, to be clear.</p>\n<p>The point here is that Tesla shares have been beaten down to levels that I believe are low enough to buy. The company has been a reliable winner into earnings reports, which we are slated to see in just over three weeks time. Its market share gains continue to pile up and with its massive head start in the world of EVs, Tesla looks like a clear long-term winner.</p>\n<p>Valuations are rich but have come way down in recent weeks, and I’m going against the grain of recent pieces here on<i>SA</i>and am very bullish on Tesla, not only short term but longer term as well.</p>\n<p>Risks abound, of course, as they do with any automaker. The core risk for any company is that its product doesn't work in the marketplace, but for Tesla, that seems a bit farfetched given the success it has had. Tesla now has a full lineup of vehicles that is ever-expanding, and its brand is hugely valuable given its de factor first-mover advantage in EVs, scaling before the rest of the world thought to do so.</p>\n<p>Given this, the principal risk to Tesla's bull case is not in the business itself, but in the valuation discussion. It is possible that investors will choose to stop paying very high earnings multiples for Tesla in the coming years. This could occur due to missteps from Tesla - such as poor product design, overcapacity, or products consumers simply don't want - or it could come from the intense amount of competition that is likely to come online in the coming years.</p>\n<p>That, to me, is the biggest risk of buying Tesla today because it certainly appears this company is doing all the right things to win in an EV-dominated world. Thus, if you can look past the current valuation, if you're going to buy an automaker, you want to look at Tesla first.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The Time Is 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\">\nTesla: The Time Is Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-05 23:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4417634-tesla-the-time-is-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTSLA has been decimated in recent weeks.\nHowever, there is cause for optimism for the bulls.\nI'll explain a number of reasons why Tesla is a strong buy.\n\nPhoto by Justin Sullivan/Getty Images...</p>\n\n<a href=\"https://seekingalpha.com/article/4417634-tesla-the-time-is-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4417634-tesla-the-time-is-now","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1123709980","content_text":"Summary\n\nTSLA has been decimated in recent weeks.\nHowever, there is cause for optimism for the bulls.\nI'll explain a number of reasons why Tesla is a strong buy.\n\nPhoto by Justin Sullivan/Getty Images News via Getty Images\nGrowth stocks have been absolutely destroyed in the past couple of months, and in the process, some bargains have been created. Not all growth stocks are created equal, and there were undoubtedly some frothy rallies that took place into the early part of 2021, but opportunities abound if you – like me – think that the rapid economic expansion out of the COVID recession will serve these growth stocks well.\nOne name that I haven’t touched much in the past, but that I believe is on the cusp of a big move higher, is electric vehicle OG Tesla(TSLA). Below, I’ll discuss why I like Tesla’s fundamentals at the current price, but the timing of my bullish position is dictated by what we see below.\nSource: StockCharts\nI’ve circled the areas that are ~4 weeks out from an upcoming earnings report to show how reliable Tesla has been in advancing – in a big way – into earnings reports. We are just under four weeks away from Tesla’s late-April report, and if history is a guide, the stock is likely to be a lot higher by the time the company reports than it is today. Given the immense weakness we’ve seen in the stock, I think the odds are even higher this time that the stock makes a run into the report than it usually is.\nNot only has Tesla been a big winner trading into earnings releases, but there are signs that the selling is losing momentum. The relative bottom at $539 was met with new momentum lows in the RSI and PPO, but the current move down has seen momentum much higher on a relative basis. That doesn’t guarantee anything, but it does show that the worst of the selling isprobablyover. I’ve circled the divergences I’m referencing in the chart above, as these are the earliest signs of a bottom being formed.\nThose that read my work know that I trust the accumulation/distribution line, which has never wavered despite the relentless selling we’ve seen. This indicator shows whether investors are buying dips or not and for the A/D line to look like that, on a stock with a massive market capitalization, institutions must be buying. Like the momentum indicators, nothing is certain with the A/D line, but all of this adds up to a stock that looks to me like it is trying to bottom.\nBut there’s one more piece of evidence I’d like to offer up that I believe shows Tesla is very oversold and is due for a rally. Below, I’ve plotted the total percentage returns over the prior 50-day period going back to the middle of 2018 to show just how ugly the recent selling has been.\nSource: Author’s chart using historical price data from Yahoo! Finance\nTesla is currently showing 50-day returns of -25%, which has only occurred a handful of times in the past three years. We can see that there was one period of protracted weakness in early 2019 that eventually resolved itself to the upside but did take some time. That was before EV stocks got their massive bid from investors, and I think it is pretty easy to argue that time frame isn’t all that comparable to today.\nWhat is comparable to today is the time period since 2020 began, and if we look at that, we see that Tesla is more oversold today by this measure than during any of the other drawdowns. I’ll say again none of this guarantees anything, but it certainly looks to me like Tesla is quite oversold on this measure, and keep in mind 50 trading days is roughly two and half months, so this is a longer-term indicator with lots of data points.\nNow, when I put all of this together – the recent decline, the divergences in momentum, the fact that Tesla has been a huge winner into earnings releases, and 50-day rolling returns – all signs point to a much higher stock a month or two down the road.\nObviously, risks exist. The narrative for growth stocks being crushed has been higher interest rates, and if rates continue higher, it is possible we see more selling in growth names. However, the damage has been pretty severe in a lot of cases, and the interest rate narrative is a couple of months old at this point, so I’m not sure how much more downside there could be relative to what has already taken place.\nEven if you do buy into the idea that higher rates are responsible for growth stocks coming down, it appears to me we have rally exhaustion going on in rates, opposite to what I just explained for Tesla.\nSource: StockCharts\nWe can see with this two-year chart that rates are still well below where they were pre-pandemic, with room for another 20 or 30bps before getting back to early-2020 levels. I mention this to say it isn’t like we’re making new highs in rates that should see growth stocks be decimated; this is just a rebound.\nBut more importantly, the vertical line I’ve annotated shows that the ten-year has climbed for about a month, making new relative highs repeatedly without any sort of momentum confirmation. The PPO is moving lower, and the 14-day RSI is doing the same thing. This doesn’t guarantee rates are coming down, but it does certainly show the rally is losing steam. Negative divergences like these often portend a change of trend, at least temporarily, and I firmly believe rates have moved too high, too quickly. If you believe rates are responsible for growth stock declines, this should look pretty bullish to you.\nNot just a trade\nI’ve detailed above why I think Tesla is set up very well right now technically, and I think the stock is on the cusp of a big move higher. However, Tesla isn’t just a trade candidate. I used to be a Tesla hater based on valuation this and valuation that, but the company has proven me wrong time and again. And it isn’t just me; have a look at this chart of revenue estimates, which move up, up, and up some more over time.\nSource: Seeking Alpha\nRevenue estimates have soared for the out years, but also for 2021 and 2022, in recent months. Tesla (read: Musk) has put out some highly ambitious goals over the year, some of which have come to fruition, and some of which haven’t. But this company is a massive disruptor in an industry with literally trillions of dollars on the line in the coming decade and has a huge head start on legacy players that are now trying to play catch up.\nSource: Investor presentation\nThe company continues to invest billions of dollars in new production capacity for its products, including Gigafactories in Shanghai, Berlin, and Austin. The Roadster will be low volume and likely won’t make much difference for revenue or earnings, but things like the Cybertruck and Semi have enormous potential.\nTesla has taken big market share gains over the years with a very small lineup of vehicles, and as batteries become cheaper, as ranges get longer, and as more and more localities ban gasoline and diesel vehicles, Tesla is easily the biggest winner. Legacy manufacturers have scale advantages in terms of financing and footprints in place, but they are many years behind Tesla in terms of development.\nThe beautiful thing is that Tesla is taking market share, but the market itself is growing rapidly. The adoption of EVs among consumers is still in the very early stages, and for commercial fleets, it is even earlier. This sort of rapidly expanding market is good for all players, but for Tesla, it is taking share in a burgeoning market, creating a virtuous cycle of upward revenue potential. That’s why estimates continue to rise, and why I believe they will continue to do so.\nEntire countries have made public their desire to ban fossil fuel vehicles in the not-too-distant future, which is why the legacy manufacturers are getting serious about EVs; there is no viable alternative at this point. Tesla has been developing for years and is the undisputed leader in the space, so it is in a much better competitive position for the eventual banning of fossil fuel vehicles around the world. Below we have EV market share, where Tesla is leading the way.\nSource: Statista\nTesla is in front of the only legacy OEM with any sort of meaningful share, which doesn't even account for the Detroit automakers, which are just getting started.\nTesla has years of knowledge in battery development - which is a key competitive advantage and differentiator - and it has already invested in manufacturing scale that not only affords higher capacity but a lead over the others that are trying to catch up. In short, Tesla knew the path forward was EVs years before the OEMs, which are now trying to replicate Tesla's success.\nOn the earnings front, Tesla used to be a leap of faith that at some point, the company would actually make some money. However, Tesla has now produced a full-year profit, and there appears to be no looking back.\nSource: Seeking Alpha\nEstimates have ramped higher since mid-2019, with steep upward slopes in estimates from 2021 through 2026 moving meaningfully higher. Tesla, in other words, has reached the inflection point with volume where it can cover all of its fixed costs, and reliably stop burning through cash by the hundreds of millions of dollars, which was an issue for years. That’s critically important because Tesla is no longer a leap of faith; it is a company with industry-leading operating margins and huge revenue growth potential.\nSource: Seeking Alpha\nIf you look at the bottom line in the above table, operating income on a TTM basis was negative through March 2019 but has been positive - and rising - since. That means Tesla has indeed reached the point where profitability is no longer a concern; this is an important step in its maturation process and proof it is now a mainstream automaker.\nValuation and sentiment\nThe interesting thing is that despite the wave of positive news coming from Tesla itself, and in news items like entire countries planning to ban fossil fuel vehicles, the analyst community is never quite bullish on Tesla.\nSource: Seeking Alpha\nAuthors here onSeeking Alphaare, on the whole, bearish leaning, while we see a similar story with Wall Street ratings. I simply don’t agree given the massive potential Tesla has and the fact that it is a proven winner. There are now countless EV manufacturers, but none of them have the scale, product line, and development time in the tool kit that Tesla does.\nAnd as Tesla continues to take market share in this market that is growing so rapidly, there is a lot of room for analysts to figure out they are on the wrong side of Tesla.\nFinally, let’s take a look at the EV to sales ratios of Tesla and a selection of competitors for the past year.\nSource: TIKR.com\nValuations moved a lot higher coming out of the pandemic, but that’s true of just about any sector you can think of; a 100-year pandemic event will crush valuations. Out of that, however, came much higher EV stock valuations for all of the reasons I mentioned above; the market is booming and consumers are responding by buying EVs. However, the massive run-up in valuations has largely been unwound, and I think it is pretty interesting that Tesla, which trades at 13X EV to forward sales, is in the middle of this pack.\nThe others on the list can rightly be called startups and have nothing close to the brand recognition, product line, development capability, manufacturing capability, or anything else you can think of when compared to Tesla. That means Tesla’s competitive advantage should be secure for years to come, but it trades for a similar valuation to these others that are sort of like buying Tesla in 2012 or 2013; it might work out, but it might not. Tesla is a very long way down the road in terms of its lifecycle compared to these competitors, so the relative risk is much lower.\nFinal Thoughts\nTesla is not only winning today, but it is continuing to invest tirelessly into winning tomorrow. Production scale for models like the 3, S, X, and Y is critical because those vehicles are selling today and providing the cash to invest in things like Cybertruck and Semi. Tesla is committed to winning in all stages of the EV market, including not only consumer but commercial as well.\nSemi production isn’t far off, and the company is already receiving interest from buyers. This has the potential formassivemarket share gains for Tesla in the next decade, but is not a story for 2021, to be clear.\nThe point here is that Tesla shares have been beaten down to levels that I believe are low enough to buy. The company has been a reliable winner into earnings reports, which we are slated to see in just over three weeks time. Its market share gains continue to pile up and with its massive head start in the world of EVs, Tesla looks like a clear long-term winner.\nValuations are rich but have come way down in recent weeks, and I’m going against the grain of recent pieces here onSAand am very bullish on Tesla, not only short term but longer term as well.\nRisks abound, of course, as they do with any automaker. The core risk for any company is that its product doesn't work in the marketplace, but for Tesla, that seems a bit farfetched given the success it has had. Tesla now has a full lineup of vehicles that is ever-expanding, and its brand is hugely valuable given its de factor first-mover advantage in EVs, scaling before the rest of the world thought to do so.\nGiven this, the principal risk to Tesla's bull case is not in the business itself, but in the valuation discussion. It is possible that investors will choose to stop paying very high earnings multiples for Tesla in the coming years. This could occur due to missteps from Tesla - such as poor product design, overcapacity, or products consumers simply don't want - or it could come from the intense amount of competition that is likely to come online in the coming years.\nThat, to me, is the biggest risk of buying Tesla today because it certainly appears this company is doing all the right things to win in an EV-dominated world. Thus, if you can look past the current valuation, if you're going to buy an automaker, you want to look at Tesla first.","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033544150,"gmtCreate":1646322443835,"gmtModify":1676534117379,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Go long on this one😉","listText":"Go long on this one😉","text":"Go long on this one😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033544150","repostId":"1192357642","repostType":4,"repost":{"id":"1192357642","kind":"news","pubTimestamp":1646274599,"share":"https://ttm.financial/m/news/1192357642?lang=&edition=fundamental","pubTime":"2022-03-03 10:29","market":"us","language":"en","title":"Sea Ltd.: It's Not Growth At All Costs - Buy On Market Overreaction","url":"https://stock-news.laohu8.com/highlight/detail?id=1192357642","media":"seekingalpha","summary":"SummarySea Limited posted a decent FQ4 card. However, the market was disappointed with Garena's FY22","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Sea Limited posted a decent FQ4 card. However, the market was disappointed with Garena&#39;s FY22 guidance.</li><li>But, these investors may have also missed out on management&#39;s commentary on its path towards profitability. It&#39;s getting closer.</li><li>We discuss why investors should add SE stock given the market&#39;s overreaction over Garena&#39;s numbers.</li></ul><p><b>Investment Thesis</b></p><p>Sea Limited (SE) reported its FQ4 earnings card yesterday. Unfortunately, what seemed like a decent card with robust e-commerce and FinTech momentum was overshadowed by its FY22 guidance.</p><p>Sea guided Garena bookings to decline to $3B (midpoint) in FY22, from $4.6B in FY21. It represented a marked 34.8% YoY drop. Sea attributed it mainly to growth normalization trends from post-pandemic reopenings. It also highlighted the uncertainty caused by the recent Free Fire ban by the Indian regulators on &#34;security concerns&#34; linked to China.</p><p>Nevertheless, the company also unveiled notable commentary on its path to profitability for its Shopee e-commerce and its SeaMoney FinTech segment. Investors had been concerned whether Shopee would continue to burn cash &#34;unsustainably&#34; in its bid to gain market leadership. Furthermore, the company also discussed in detail Shopee&#39;s robust momentum in Brazil for the first time. Previously, Sea has been reticent to share insights on its foray into MercadoLibre&#39;s (MELI) most prized geographical market. But, Shopee&#39;s nascent gains demonstrated that Sea has a viable and formidable market penetration strategy even when facing a dominant incumbent like MercadoLibre.</p><p>Therefore, Sea was reminding investors that it&#39;s still growing fast and is achieving self-sustainability in its core markets. We discuss why investors should capitalize on the market overreaction to add exposure now.</p><p><b>SE Stock Key Metrics</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8060ec5fd4c3d25e5b11325d8b7c0bb\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"/><span>SE stock valuation metrics(TIKR)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3a6e0f82c6549f6b114aa47a9b4e4ccd\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"/><span>SE stock consensus price targets Vs. stock performance(TIKR)</span></p><p>SE stock has been marked down significantly from its all-time high of $372 in October. Notably, Sea investors have experienced a significant collapse in its stock price, as it lost 66% of its value over the last three months. Beset by the reopening headwinds,Tencent&#39;s(OTCPK:TCEHY)divestment, and its recent India ban, early SE investors seemed to have cashed in on their gains rapidly.</p><p>But, we think the steep sell-off has also presented long-term investors with a significant opportunity to add exposure. SE stock is trading at less than 5x NTM Revenue (5Y mean: 8.5x). Nevertheless, its weak FCF yield demonstrates that Sea Limited has not been calibrated for FCF profitability yet. But, the company has also indicated a viable path towards profitability in 2022 for its core markets. Therefore, we think its profitability guidance is material and highlights the strength of Sea&#39;s long-term execution prowess.</p><p>Nevertheless, we agree that the consensus estimates and price targets (PTs) have been too optimistic. Sea wasn&#39;t affected by the reopenings headwinds initially as its core markets have not accelerated their reopening cadence. However, the accelerated reopenings in Q4&#39;21 resulted in significant headwinds on Garena&#39;s growth and profitability. As a result, the market has been spot on while the average and conservative PTs have gotten it wrong recently. Given the decline in Garena&#39;s growth and profitability, we expect SE stock&#39;s PTs to be further revised downwards in the near term.</p><p><b>Where is Sea Limited Heading in 2022?</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c23ba6633636b5ca1b8241ae1433387\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"/><span>Garena Bookings(Company filings)</span></p><p>The focus on Sea Limited was obviously on Garena. Garena reported an underwhelming FQ4, in which it posted Bookings of $1.1B. Moreover, while its full-year Bookings of $4.6B were up 44.3% YoY, it guided for just $3B (midpoint) in Bookings for FY22. Therefore, it represented a significant and unexpected decline of 34.8%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa500da440de10312b22fc5d9c4ca6d8\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"/><span>Garena adjusted EBITDA share of Bookings %(Company filings)</span></p><p>Furthermore, Garena&#39;s adjusted EBITDA margins (share of Bookings) have also been trending downwards. Therefore, Garena has certainly been hit by weaker overall engagement, which has also significantly impacted monetization. As a result, Garena reported 54.8% in adjusted EBITDA margin in FQ4 compared to 65.5% in the previous year. Therefore, investors were justifiably concerned whether Sea Limited can still support its high-growth Shopee machine as its main cash cow slows down considerably moving forward.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/523e57ebd49bac780a0e0f586be7c356\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"/><span>Shopee GMV(Company filings)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8578996523bc88fc20b2e45734b50b92\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"/><span>Shopee take rate %(Company filings)</span></p><p>But, when we thought all hope was lost, Shopee came along to save the day this time. Why? Even though we have witnessed a sharp decline in e-commerce growth in the US, the growth in Shopee&#39;s core e-commerce markets remains robust. Furthermore, it is also making significant headway in LatAm, particularly in Brazil, where it has garnered significant traction. As a result, Shopee posted $18.2B in gross merchandise value (GMV) in FQ4, up 52.9% YoY. Notably, the company has also been raising its take rate considerably as it gains market leadership. It has become the #1 shopping app across most of its core markets. Therefore, Shopee is now ready to monetize for profitability. And, we think that&#39;s awesome news! CEO Forrest Li emphasized (edited):</p><blockquote><i>We currently expect Shopee to achieve positive adjusted EBITDA</i>before HQ costs allocation in Southeast Asia and Taiwan by 2022 and SeaMoney to achieve positive cash flow by 2023. As a result, we believe that by 2025, cash generated by Shopee and SeaMoney collectively<i>will enable these two businesses to substantially self-fund their long-term growth</i>. We are also very excited to see<i>Shopee fast gaining traction in Brazil</i>. Just two years after entering the market, Shopee Brazil recorded more than 140M gross orders in FQ4, growing at close to 400% YoY. (Sea Limited&#39;s FQ4&#39;21 earnings call)</blockquote><p>We think that&#39;s a significant development. Notably, Brazil&#39;s contribution towards Shopee&#39;s topline is less than 5%. Therefore, the company can channel its resources to compete more effectively and gain share in Brazil.In a previous MercadoLibre article, we also shared that LatAm is a fascinating region because of its high take rates. We emphasized: &#34;Readers can easily observe the incredible monetization opportunities that are available in LatAm, and we can easily understand why Sea Limited is so keen to carve out MercadoLibre&#39;s leadership there because it&#39;s just so attractive.&#34;</p><p>Notably, management also took the opportunity to add more color on its progress and strategy in Brazil. Group Chief Corporate Officer Yanjun Wang articulated (edited):</p><blockquote>And another growth area that we focus on is Brazil. We also shared that when we enter into the market, we focus first on user growth and then order growth and then market leadership and positive unit economics over time with scale. Now when you look at Southeast Asia and Taiwan, we&#39;re probably the first large e-commerce player to show profitability in this region.<i>But in Lat Am, all the existing major players are quite profitable. So the profitability model for the LatAm market is highly proven</i>. (Sea Limited)</blockquote><p><b>Is SE Stock A Buy, Sell, Or Hold?</b></p><p>There&#39;s no doubt that SE Stock could still be in the penalty box as investors could wait for a quarter or two to observe its execution towards profitability. It&#39;s a significant change in its execution, coupled with the moderation in Garena&#39;s growth. Therefore, there&#39;s still an element of execution risk that some investors could be concerned with.</p><p>However, we see it differently. With the stock trading at less than 5x NTM revenue and moving closer towards profitability, the outlook is looking more favorable for long-term investors. If you can tolerate near-term volatility, we encourage you to capitalize on the market&#39;s overreaction and add SE stock.</p><p>Therefore,<i>we reiterate our Buy rating on SE stock</i>.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Ltd.: It's Not Growth At All Costs - Buy On Market Overreaction</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\">\nSea Ltd.: It's Not Growth At All Costs - Buy On Market Overreaction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 10:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4492126-sea-earnings-buy-stock-on-market-overreaction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited posted a decent FQ4 card. However, the market was disappointed with Garena's FY22 guidance.But, these investors may have also missed out on management's commentary on its path ...</p>\n\n<a href=\"https://seekingalpha.com/article/4492126-sea-earnings-buy-stock-on-market-overreaction\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4492126-sea-earnings-buy-stock-on-market-overreaction","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1192357642","content_text":"SummarySea Limited posted a decent FQ4 card. However, the market was disappointed with Garena's FY22 guidance.But, these investors may have also missed out on management's commentary on its path towards profitability. It's getting closer.We discuss why investors should add SE stock given the market's overreaction over Garena's numbers.Investment ThesisSea Limited (SE) reported its FQ4 earnings card yesterday. Unfortunately, what seemed like a decent card with robust e-commerce and FinTech momentum was overshadowed by its FY22 guidance.Sea guided Garena bookings to decline to $3B (midpoint) in FY22, from $4.6B in FY21. It represented a marked 34.8% YoY drop. Sea attributed it mainly to growth normalization trends from post-pandemic reopenings. It also highlighted the uncertainty caused by the recent Free Fire ban by the Indian regulators on \"security concerns\" linked to China.Nevertheless, the company also unveiled notable commentary on its path to profitability for its Shopee e-commerce and its SeaMoney FinTech segment. Investors had been concerned whether Shopee would continue to burn cash \"unsustainably\" in its bid to gain market leadership. Furthermore, the company also discussed in detail Shopee's robust momentum in Brazil for the first time. Previously, Sea has been reticent to share insights on its foray into MercadoLibre's (MELI) most prized geographical market. But, Shopee's nascent gains demonstrated that Sea has a viable and formidable market penetration strategy even when facing a dominant incumbent like MercadoLibre.Therefore, Sea was reminding investors that it's still growing fast and is achieving self-sustainability in its core markets. We discuss why investors should capitalize on the market overreaction to add exposure now.SE Stock Key MetricsSE stock valuation metrics(TIKR)SE stock consensus price targets Vs. stock performance(TIKR)SE stock has been marked down significantly from its all-time high of $372 in October. Notably, Sea investors have experienced a significant collapse in its stock price, as it lost 66% of its value over the last three months. Beset by the reopening headwinds,Tencent's(OTCPK:TCEHY)divestment, and its recent India ban, early SE investors seemed to have cashed in on their gains rapidly.But, we think the steep sell-off has also presented long-term investors with a significant opportunity to add exposure. SE stock is trading at less than 5x NTM Revenue (5Y mean: 8.5x). Nevertheless, its weak FCF yield demonstrates that Sea Limited has not been calibrated for FCF profitability yet. But, the company has also indicated a viable path towards profitability in 2022 for its core markets. Therefore, we think its profitability guidance is material and highlights the strength of Sea's long-term execution prowess.Nevertheless, we agree that the consensus estimates and price targets (PTs) have been too optimistic. Sea wasn't affected by the reopenings headwinds initially as its core markets have not accelerated their reopening cadence. However, the accelerated reopenings in Q4'21 resulted in significant headwinds on Garena's growth and profitability. As a result, the market has been spot on while the average and conservative PTs have gotten it wrong recently. Given the decline in Garena's growth and profitability, we expect SE stock's PTs to be further revised downwards in the near term.Where is Sea Limited Heading in 2022?Garena Bookings(Company filings)The focus on Sea Limited was obviously on Garena. Garena reported an underwhelming FQ4, in which it posted Bookings of $1.1B. Moreover, while its full-year Bookings of $4.6B were up 44.3% YoY, it guided for just $3B (midpoint) in Bookings for FY22. Therefore, it represented a significant and unexpected decline of 34.8%.Garena adjusted EBITDA share of Bookings %(Company filings)Furthermore, Garena's adjusted EBITDA margins (share of Bookings) have also been trending downwards. Therefore, Garena has certainly been hit by weaker overall engagement, which has also significantly impacted monetization. As a result, Garena reported 54.8% in adjusted EBITDA margin in FQ4 compared to 65.5% in the previous year. Therefore, investors were justifiably concerned whether Sea Limited can still support its high-growth Shopee machine as its main cash cow slows down considerably moving forward.Shopee GMV(Company filings)Shopee take rate %(Company filings)But, when we thought all hope was lost, Shopee came along to save the day this time. Why? Even though we have witnessed a sharp decline in e-commerce growth in the US, the growth in Shopee's core e-commerce markets remains robust. Furthermore, it is also making significant headway in LatAm, particularly in Brazil, where it has garnered significant traction. As a result, Shopee posted $18.2B in gross merchandise value (GMV) in FQ4, up 52.9% YoY. Notably, the company has also been raising its take rate considerably as it gains market leadership. It has become the #1 shopping app across most of its core markets. Therefore, Shopee is now ready to monetize for profitability. And, we think that's awesome news! CEO Forrest Li emphasized (edited):We currently expect Shopee to achieve positive adjusted EBITDAbefore HQ costs allocation in Southeast Asia and Taiwan by 2022 and SeaMoney to achieve positive cash flow by 2023. As a result, we believe that by 2025, cash generated by Shopee and SeaMoney collectivelywill enable these two businesses to substantially self-fund their long-term growth. We are also very excited to seeShopee fast gaining traction in Brazil. Just two years after entering the market, Shopee Brazil recorded more than 140M gross orders in FQ4, growing at close to 400% YoY. (Sea Limited's FQ4'21 earnings call)We think that's a significant development. Notably, Brazil's contribution towards Shopee's topline is less than 5%. Therefore, the company can channel its resources to compete more effectively and gain share in Brazil.In a previous MercadoLibre article, we also shared that LatAm is a fascinating region because of its high take rates. We emphasized: \"Readers can easily observe the incredible monetization opportunities that are available in LatAm, and we can easily understand why Sea Limited is so keen to carve out MercadoLibre's leadership there because it's just so attractive.\"Notably, management also took the opportunity to add more color on its progress and strategy in Brazil. Group Chief Corporate Officer Yanjun Wang articulated (edited):And another growth area that we focus on is Brazil. We also shared that when we enter into the market, we focus first on user growth and then order growth and then market leadership and positive unit economics over time with scale. Now when you look at Southeast Asia and Taiwan, we're probably the first large e-commerce player to show profitability in this region.But in Lat Am, all the existing major players are quite profitable. So the profitability model for the LatAm market is highly proven. (Sea Limited)Is SE Stock A Buy, Sell, Or Hold?There's no doubt that SE Stock could still be in the penalty box as investors could wait for a quarter or two to observe its execution towards profitability. It's a significant change in its execution, coupled with the moderation in Garena's growth. Therefore, there's still an element of execution risk that some investors could be concerned with.However, we see it differently. With the stock trading at less than 5x NTM revenue and moving closer towards profitability, the outlook is looking more favorable for long-term investors. If you can tolerate near-term volatility, we encourage you to capitalize on the market's overreaction and add SE stock.Therefore,we reiterate our Buy rating on SE stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":861,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039258118,"gmtCreate":1646059071638,"gmtModify":1676534086425,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"This space is getting crowded","listText":"This space is getting crowded","text":"This space is getting crowded","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039258118","repostId":"1120888812","repostType":4,"repost":{"id":"1120888812","kind":"news","pubTimestamp":1646054993,"share":"https://ttm.financial/m/news/1120888812?lang=&edition=fundamental","pubTime":"2022-02-28 21:29","market":"us","language":"en","title":"Zoom’s Earnings Are Today. What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1120888812","media":"Barrons","summary":"Zoom Video Communications stock, which soared as the Covid-19 pandemic arrived in early 2020, have c","content":"<html><head></head><body><p>Zoom Video Communications stock, which soared as the Covid-19 pandemic arrived in early 2020, have cratered in recent months as investors switched their sights from stay-at-home plays to reopening bets. Shares are down 33% for the year to date—and nearly 80% below their October 2020 peak.</p><p>Zoom (ticker: ZM) at one point posted a string of three straight quarters with top-line growth north of 355%, as adoption of the company’s videoconferencing platform soared. But over the last few quarters Zoom’s business has been returning to Earth: From 367% growth in the January 2021 quarter, to 191% in the April quarter, 54% in the July quarter, and 35% in the October quarter. And the slowdown is going to continue from here.</p><p>Monday after the close, Zoom will report results for the January 2022 quarter. Zoom’s guidance calls for revenue of $1.051 billion to $1.053 billion. At the midpoint of the range, that would be 19% growth from a year ago. Zoom sees non-GAAP profits of $1.06 to $1.07 a share. Wall Street analysts surveyed by FactSet project revenue of $1.054 billion and profits of $1.07 a share—and the company always exceeds its own guidance.</p><p>For the April quarter, Street consensus calls for revenue of $1.095 billion, up 14.5% from a year ago, with profits of $1.03 a share, down from $1.32 a share a year earlier. For all of fiscal 2023, the Street projects revenue of $4.71 billion, up 15.5%, with profits of $4.36 a share, down from an estimated $4.85 for fiscal 2022.</p><p>Citi analyst Tyler Radke, who has a Neutral rating on Zoom stock, writes in a research note previewing the quarter that he remains cautious on the stock despite the 45% slide in the stock since the company’s last earnings report.</p><p>“We believe that competitive inroads are increasingly exacerbating headwinds persisting from pull-forward activity and tough comps,” he writes. In particular, Radke sees signs of rising competitive pressures from the Microsoft (MSFT) Teams communications suite, which he says is perceived to offer better security features than Zoom.</p><p>“In our conversations with partners, we heard about increasing Teams deployment, including from customers that were previously with Zoom,” Radke writes. “This trend has been accelerating with return to office and comfort level by IT departments, which is rationalizing collaboration systems and showing preference for Microsoft’s security features.”</p><p>Radke thinks Street estimates for the January 2023 fiscal year are simply too high—he’s projecting revenue of $4.6 billion, up 14%, with profits of $4.18 a share, well below consensus.</p></body></html>","source":"lsy1601382232898","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>Zoom’s Earnings Are Today. What to Expect.</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\">\nZoom’s Earnings Are Today. What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-28 21:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/zoom-stock-price-earnings-51645828750?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zoom Video Communications stock, which soared as the Covid-19 pandemic arrived in early 2020, have cratered in recent months as investors switched their sights from stay-at-home plays to reopening ...</p>\n\n<a href=\"https://www.barrons.com/articles/zoom-stock-price-earnings-51645828750?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.barrons.com/articles/zoom-stock-price-earnings-51645828750?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120888812","content_text":"Zoom Video Communications stock, which soared as the Covid-19 pandemic arrived in early 2020, have cratered in recent months as investors switched their sights from stay-at-home plays to reopening bets. Shares are down 33% for the year to date—and nearly 80% below their October 2020 peak.Zoom (ticker: ZM) at one point posted a string of three straight quarters with top-line growth north of 355%, as adoption of the company’s videoconferencing platform soared. But over the last few quarters Zoom’s business has been returning to Earth: From 367% growth in the January 2021 quarter, to 191% in the April quarter, 54% in the July quarter, and 35% in the October quarter. And the slowdown is going to continue from here.Monday after the close, Zoom will report results for the January 2022 quarter. Zoom’s guidance calls for revenue of $1.051 billion to $1.053 billion. At the midpoint of the range, that would be 19% growth from a year ago. Zoom sees non-GAAP profits of $1.06 to $1.07 a share. Wall Street analysts surveyed by FactSet project revenue of $1.054 billion and profits of $1.07 a share—and the company always exceeds its own guidance.For the April quarter, Street consensus calls for revenue of $1.095 billion, up 14.5% from a year ago, with profits of $1.03 a share, down from $1.32 a share a year earlier. For all of fiscal 2023, the Street projects revenue of $4.71 billion, up 15.5%, with profits of $4.36 a share, down from an estimated $4.85 for fiscal 2022.Citi analyst Tyler Radke, who has a Neutral rating on Zoom stock, writes in a research note previewing the quarter that he remains cautious on the stock despite the 45% slide in the stock since the company’s last earnings report.“We believe that competitive inroads are increasingly exacerbating headwinds persisting from pull-forward activity and tough comps,” he writes. In particular, Radke sees signs of rising competitive pressures from the Microsoft (MSFT) Teams communications suite, which he says is perceived to offer better security features than Zoom.“In our conversations with partners, we heard about increasing Teams deployment, including from customers that were previously with Zoom,” Radke writes. “This trend has been accelerating with return to office and comfort level by IT departments, which is rationalizing collaboration systems and showing preference for Microsoft’s security features.”Radke thinks Street estimates for the January 2023 fiscal year are simply too high—he’s projecting revenue of $4.6 billion, up 14%, with profits of $4.18 a share, well below consensus.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092120424,"gmtCreate":1644557536443,"gmtModify":1676533941108,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"It will fly once pandemic is over!","listText":"It will fly once pandemic is over!","text":"It will fly once pandemic is over!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092120424","repostId":"1158145314","repostType":4,"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586548382383976","authorId":"3586548382383976","name":"CHkoh","avatar":"https://static.tigerbbs.com/ba843b95b19563199f1f1b963e7f9b2b","crmLevel":2,"crmLevelSwitch":0,"idStr":"3586548382383976","authorIdStr":"3586548382383976"},"content":"that will be very long fm now","text":"that will be very long fm now","html":"that will be very long fm now"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883609918,"gmtCreate":1631235672734,"gmtModify":1676530503430,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Just play with money u can afford to lose if you want to play.","listText":"Just play with money u can afford to lose if you want to play.","text":"Just play with money u can afford to lose if you want to play.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/883609918","repostId":"2166425283","repostType":4,"repost":{"id":"2166425283","kind":"highlight","pubTimestamp":1631235248,"share":"https://ttm.financial/m/news/2166425283?lang=&edition=fundamental","pubTime":"2021-09-10 08:54","market":"us","language":"en","title":"Bitcoin could collapse and isn't 'a good safeguard of value,' warn global central bankers","url":"https://stock-news.laohu8.com/highlight/detail?id=2166425283","media":"MarketWatch","summary":"It's a historic week for bitcoin, but that hasn't stopped global central bankers from issuing a roun","content":"<p>It's a historic week for bitcoin, but that hasn't stopped global central bankers from issuing a round of warnings about the utility and inherent volatility of crypto assets.</p>\n<p>Riksbank Gov. Stefan Ingves said that doubts remain about the staying power of bitcoin, the world's most prominent digital asset, if it isn't government backed.</p>\n<p>\"Private money usually collapses sooner or later,\" Ingves said at a banking conference in Stockholm recently.</p>\n<p>The central banker said that regulatory scrutiny on crypto, including bitcoin and Ether trading on the Ethereum blockchain, will likely increase as the popularity of digital assets grows.</p>\n<p>Meanwhile, Bank of Mexico Gov. Alejandro Diaz de Leon on Thursday separately said that bitcoin is a tool for barter rather than legal tender and described it as a poor store of value, citing its wild price swings.</p>\n<p>\"Whoever receives bitcoin in exchange for a good or service, we believe that is more akin to bartering because that person is exchanging a good for a good, but not really money for a good,\" Reuters quoted Diaz de Leon as saying.</p>\n<p>\"People will not want their purchasing power, their salary to go up or down 10% from <a href=\"https://laohu8.com/S/AONE.U\">one</a> day to another. You don't want that volatility for purchasing power. In that sense, it is not a good safeguard of value,\" the Mexican central banker said.</p>\n<p>His comments come after bitcoin formally became legal tender in El Salvador, which has been viewed by many enthusiasts as a watershed moment for crypto.</p>\n<p>However, that moment failed to dull the choppy trade that has come to be associated with bitcoin and its ilk.</p>\n<p>Bitcoin hit a near-term peak of $53,000 on Monday but preceded to tumble to an intrasession nadir on Tuesday at around $43,000, according to CoinDesk.</p>\n<p><img src=\"https://static.tigerbbs.com/79c383f4f34c88bfc63083bc9be1e076\" tg-width=\"955\" tg-height=\"615\" width=\"100%\" height=\"auto\"></p>\n<p>Diaz de Leon said that Mexico wouldn't be seeking to adopt crypto similar to El Salvador, given what he described as its flaws.</p>\n<p>On Thursday, bitcoin was changing hands at $46,696.80 on CoinDesk, up 0.9% but well off its recent peak, while Ether was trading at $3,471.13, down 1.1%.</p>\n<p>Stocks were also trading under pressure, with the Dow Jones Industrial Average , the S&amp;P 500 and the Nasdaq Composite indexes all ending lower.</p>","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>Bitcoin could collapse and isn't 'a good safeguard of value,' warn global central bankers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin could collapse and isn't 'a good safeguard of value,' warn global central bankers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-10 08:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/bitcoin-could-collapse-and-isnt-a-good-safeguard-of-value-warn-global-central-bankers-11631220100?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's a historic week for bitcoin, but that hasn't stopped global central bankers from issuing a round of warnings about the utility and inherent volatility of crypto assets.\nRiksbank Gov. Stefan ...</p>\n\n<a href=\"https://www.marketwatch.com/story/bitcoin-could-collapse-and-isnt-a-good-safeguard-of-value-warn-global-central-bankers-11631220100?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":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.marketwatch.com/story/bitcoin-could-collapse-and-isnt-a-good-safeguard-of-value-warn-global-central-bankers-11631220100?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166425283","content_text":"It's a historic week for bitcoin, but that hasn't stopped global central bankers from issuing a round of warnings about the utility and inherent volatility of crypto assets.\nRiksbank Gov. Stefan Ingves said that doubts remain about the staying power of bitcoin, the world's most prominent digital asset, if it isn't government backed.\n\"Private money usually collapses sooner or later,\" Ingves said at a banking conference in Stockholm recently.\nThe central banker said that regulatory scrutiny on crypto, including bitcoin and Ether trading on the Ethereum blockchain, will likely increase as the popularity of digital assets grows.\nMeanwhile, Bank of Mexico Gov. Alejandro Diaz de Leon on Thursday separately said that bitcoin is a tool for barter rather than legal tender and described it as a poor store of value, citing its wild price swings.\n\"Whoever receives bitcoin in exchange for a good or service, we believe that is more akin to bartering because that person is exchanging a good for a good, but not really money for a good,\" Reuters quoted Diaz de Leon as saying.\n\"People will not want their purchasing power, their salary to go up or down 10% from one day to another. You don't want that volatility for purchasing power. In that sense, it is not a good safeguard of value,\" the Mexican central banker said.\nHis comments come after bitcoin formally became legal tender in El Salvador, which has been viewed by many enthusiasts as a watershed moment for crypto.\nHowever, that moment failed to dull the choppy trade that has come to be associated with bitcoin and its ilk.\nBitcoin hit a near-term peak of $53,000 on Monday but preceded to tumble to an intrasession nadir on Tuesday at around $43,000, according to CoinDesk.\n\nDiaz de Leon said that Mexico wouldn't be seeking to adopt crypto similar to El Salvador, given what he described as its flaws.\nOn Thursday, bitcoin was changing hands at $46,696.80 on CoinDesk, up 0.9% but well off its recent peak, while Ether was trading at $3,471.13, down 1.1%.\nStocks were also trading under pressure, with the Dow Jones Industrial Average , the S&P 500 and the Nasdaq Composite indexes all ending lower.","news_type":1},"isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007315541,"gmtCreate":1642774106819,"gmtModify":1676533744640,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"A good stock to accumulate which price dips.","listText":"A good stock to accumulate which price dips.","text":"A good stock to accumulate which price dips.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007315541","repostId":"2205092065","repostType":4,"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9054198547,"gmtCreate":1655349466789,"gmtModify":1676535620479,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Scenario 2 is not bad too. It will be a super sale","listText":"Scenario 2 is not bad too. It will be a super sale","text":"Scenario 2 is not bad too. It will be a super sale","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054198547","repostId":"1109068954","repostType":2,"repost":{"id":"1109068954","kind":"news","pubTimestamp":1655348350,"share":"https://ttm.financial/m/news/1109068954?lang=&edition=fundamental","pubTime":"2022-06-16 10:59","market":"us","language":"en","title":"Apple Stock Is Strong … Almost to a Fault","url":"https://stock-news.laohu8.com/highlight/detail?id=1109068954","media":"investorplace","summary":"Apple(AAPL) stock is too strong.It's holding up so well that it could create a potential problem for","content":"<html><head></head><body><ul><li><b>Apple</b>(<b><u>AAPL</u></b>) stock is too strong.</li><li>It&#39;s holding up so well that it could create a potential problem for the indices.</li><li>Investors can remain optimistic, but some caution is required if you&#39;re considering investing in Apple today.</li></ul><p><img src=\"https://static.tigerbbs.com/cbada41af20dcb7049217df61505f480\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The equity markets have struggled since last Thursday. The main concern is the Federal Reserve decision that’s coming today. From high to low, the <b>S&amp;P 500</b>lost 10% in four sessions. Great companies like <b>Apple</b>(NASDAQ:<b><u>AAPL</u></b>) stock suffered even more. Today my message is about cautious optimism. I like the outlook that AAPL stock has, but I fear the temporary risk it could pose to the markets.</p><p>There is absolutely nothing wrong with Apple from a fundamental perspective. The company still sells out of every gadget it makes, and at a premium price. Moreover, its customers love them, so they don’t mind paying extra. Financially, Apple is as strong as they get. But despite all of that positivity, there’s still possible reason for concern.</p><p>Here’s a closer look at what investors might expect from AAPL stock in the coming days.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Current Price</b></td></tr><tr><td><b><u>AAPL</u></b></td><td>Apple</td><td>$134</td></tr></tbody></table><h2>AAPL Stock’s Potential Red Flag<img src=\"https://static.tigerbbs.com/ffe0bb949f7520a7515e9d78d891417e\" tg-width=\"1714\" tg-height=\"1140\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>The company’s strength is actually raising a bit of a red flag. After this correction, the S&amp;P came within 9% of its pre-pandemic crash site. Remember that back then, that was an all-time high. AAPL stock, on the other hand, is still 38% above its same watermark. That is an unusual discrepancy that will likely need to normalize.</p><p>On its own, I don’t worry about the stock falling apart. But it could correct if the trigger is external. Stocks don’t trade in a vacuum, so any global event can set them off. A similar risk also lies in <b>Microsoft</b>(NASDAQ:<b><u>MSFT</u></b>) and <b>Alphabet</b>(NASDAQ:<b><u>GOOG</u></b>, NASDAQ:<b><u>GOOGL</u></b>). These companies are also two giants that are too far above their pre-pandemic highs.</p><p>I am not picking on the big ones, because <b>Amazon</b>(NASDAQ:<b><u>AMZN</u></b>) was already 8% below its February 2020 highs today. <b>Salesforce</b> (NYSE:<b><u>CRM</u></b>) is even worse — down 16%. There are more big companies like this. In fact, the <b>iShares Russell 2000 ETF</b>(NYSEARCA:<b><u>IWM</u></b>) closed the distance too. (That’s a basket of 2,000 stocks).</p><p>Therefore, the message here is that we could have two scenarios. The first is positive, which suggests that Apple is correct at holding its ground. If that’s the case, then the market will follow it higher, and the bottom is near for this correction. The second is bearish because it suggests that AAPL stock will fall 20% to match the markets. MSFT and GOOGL will follow too, and take the S&amp;P the rest of the way (down 10%).</p><h2>Investing in Apple Today</h2><p>My gut says that the first scenario is more likely than second. Therefore, you can count me on the bullish side. An important part of being successful with the stock market is to see the potential potholes. Planning for the worst case doesn’t mean I’m rooting for it. Often the biggest losses come from blind sides, where investors didn’t look around for all possible scenarios. As such, consider this a mild warning about the worst case scenario that not many people are discussing.</p><p>Today the Federal Reserve tells us their next moves on policy monetary policy. They will move the markets and the outcome is a coin flip. It is possible that they will continue to raise rates, even if it breaks the economy. Meanwhile, their rhetoric so far has been enough to have caused a recession on Wall Street. If they continue to be this combative, I guess they can break it completely.</p><p>A green shoot comes from the fact that most experts have already laid out thedoom scenarios. When everyone is watching the road, we are less likely to crash. What Apple stock investors do from here depends on their time frame.</p><p>Those who were looking to engage with new positions should only take partial ones to start. Meanwhile, waiting out the overall market jitters seems like a reasonable course of action for the rest. Options traders have dozens of ways they can trade with more confidence. They are worth investigating, so let that’s another tactic to consider.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Is Strong … Almost to a Fault</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\">\nApple Stock Is Strong … Almost to a Fault\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 10:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/aapl-stock-apple-is-strong-almost-to-a-fault/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple(AAPL) stock is too strong.It's holding up so well that it could create a potential problem for the indices.Investors can remain optimistic, but some caution is required if you're considering ...</p>\n\n<a href=\"https://investorplace.com/2022/06/aapl-stock-apple-is-strong-almost-to-a-fault/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://investorplace.com/2022/06/aapl-stock-apple-is-strong-almost-to-a-fault/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109068954","content_text":"Apple(AAPL) stock is too strong.It's holding up so well that it could create a potential problem for the indices.Investors can remain optimistic, but some caution is required if you're considering investing in Apple today.The equity markets have struggled since last Thursday. The main concern is the Federal Reserve decision that’s coming today. From high to low, the S&P 500lost 10% in four sessions. Great companies like Apple(NASDAQ:AAPL) stock suffered even more. Today my message is about cautious optimism. I like the outlook that AAPL stock has, but I fear the temporary risk it could pose to the markets.There is absolutely nothing wrong with Apple from a fundamental perspective. The company still sells out of every gadget it makes, and at a premium price. Moreover, its customers love them, so they don’t mind paying extra. Financially, Apple is as strong as they get. But despite all of that positivity, there’s still possible reason for concern.Here’s a closer look at what investors might expect from AAPL stock in the coming days.TickerCompanyCurrent PriceAAPLApple$134AAPL Stock’s Potential Red FlagThe company’s strength is actually raising a bit of a red flag. After this correction, the S&P came within 9% of its pre-pandemic crash site. Remember that back then, that was an all-time high. AAPL stock, on the other hand, is still 38% above its same watermark. That is an unusual discrepancy that will likely need to normalize.On its own, I don’t worry about the stock falling apart. But it could correct if the trigger is external. Stocks don’t trade in a vacuum, so any global event can set them off. A similar risk also lies in Microsoft(NASDAQ:MSFT) and Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL). These companies are also two giants that are too far above their pre-pandemic highs.I am not picking on the big ones, because Amazon(NASDAQ:AMZN) was already 8% below its February 2020 highs today. Salesforce (NYSE:CRM) is even worse — down 16%. There are more big companies like this. In fact, the iShares Russell 2000 ETF(NYSEARCA:IWM) closed the distance too. (That’s a basket of 2,000 stocks).Therefore, the message here is that we could have two scenarios. The first is positive, which suggests that Apple is correct at holding its ground. If that’s the case, then the market will follow it higher, and the bottom is near for this correction. The second is bearish because it suggests that AAPL stock will fall 20% to match the markets. MSFT and GOOGL will follow too, and take the S&P the rest of the way (down 10%).Investing in Apple TodayMy gut says that the first scenario is more likely than second. Therefore, you can count me on the bullish side. An important part of being successful with the stock market is to see the potential potholes. Planning for the worst case doesn’t mean I’m rooting for it. Often the biggest losses come from blind sides, where investors didn’t look around for all possible scenarios. As such, consider this a mild warning about the worst case scenario that not many people are discussing.Today the Federal Reserve tells us their next moves on policy monetary policy. They will move the markets and the outcome is a coin flip. It is possible that they will continue to raise rates, even if it breaks the economy. Meanwhile, their rhetoric so far has been enough to have caused a recession on Wall Street. If they continue to be this combative, I guess they can break it completely.A green shoot comes from the fact that most experts have already laid out thedoom scenarios. When everyone is watching the road, we are less likely to crash. What Apple stock investors do from here depends on their time frame.Those who were looking to engage with new positions should only take partial ones to start. Meanwhile, waiting out the overall market jitters seems like a reasonable course of action for the rest. Options traders have dozens of ways they can trade with more confidence. They are worth investigating, so let that’s another tactic to consider.","news_type":1},"isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005752343,"gmtCreate":1642424554785,"gmtModify":1676533709524,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"I like SEA😊","listText":"I like SEA😊","text":"I like SEA😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005752343","repostId":"2204775102","repostType":4,"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801123302,"gmtCreate":1627488941006,"gmtModify":1703491067548,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"It is already a lifestyle !","listText":"It is already a lifestyle !","text":"It is already a lifestyle !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801123302","repostId":"1112939298","repostType":4,"repost":{"id":"1112939298","kind":"news","pubTimestamp":1627484367,"share":"https://ttm.financial/m/news/1112939298?lang=&edition=fundamental","pubTime":"2021-07-28 22:59","market":"us","language":"en","title":"Starbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.","url":"https://stock-news.laohu8.com/highlight/detail?id=1112939298","media":"Barrons","summary":"Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s clo","content":"<p>Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s close.</p>\n<p>Starbucks&nbsp;reported non-GAAP per-share earnings of $1.01 on $7.5 billion in revenue, a record. Analysts had forecast earnings per share of $0.77 on $7.3 billion in revenue.</p>\n<p>Despite beating consensus revenue and earnings targets, Starbucks stock is down 3%, to $122.30.</p>\n<p>Driven by an 84% increase in same-store sales in America, the global coffee giant reported an overall increase in comparable-store sales of 73% relative to the third quarter last year. Indeed, brand loyalty remains strong, especially in the U.S. where 90-day active&nbsp;members of the Starbucks Rewards loyalty program&nbsp;increased 48% year-over-year and now account for 51% of all spending in U.S. stores–up 8% from pre-pandemic levels.</p>\n<p>In a statement, Starbucks CEO Kevin Johnson told investors “Starbucks delivered record performance in the third quarter, demonstrating powerful momentum beyond recovery. Our ability to move with speed and agility and to be out in front of shifting customer behaviors has helped further differentiate Starbucks, positioning us well for this moment.”</p>\n<p>The strong results have prompted management to raise the company’s 2021 earnings per share outlook from $2.90-$3.00 to $3.20-$3.25.</p>\n<p>During the earnings call, analysts were keen to hear about management’s outlook on China, as they expressed concerns about consumer pushback against U.S. brands in the region. However, Johnson was quick to dispel the concerns, commenting that there hasn’t been a&nbsp;geopolitical event in China&nbsp;that has impacted them in the past couple of years, and he doesn’t foresee that happening as long as they continue taking care of their partners and customers.</p>\n<p>While fears about&nbsp;rising labor costs&nbsp;did not materialize since operating margins were higher than last quarter and the corresponding period last year, analysts were expecting better performance in international markets. Cowen analyst, Andrew Charles, stated that Starbucks’s 41% change in comparable-store sales relative to the same period last year fell short of the 62% growth he anticipated to see. Nonetheless, the impressive numbers from the U.S. were enough for Charles to raise his price target from $126 to $135. Likewise, Stifel analyst Chris O’Cull had expected international comparable store sales to increase 66%. O’Cull further noted that management offered guidance, which implied roughly flat two-year international comparable store sales.</p>\n<p>The question to investors remains whether strong U.S. growth is enough to keep on offsetting slower international growth and push the stock higher.</p>","source":"lsy1601382232898","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>Starbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.</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\">\nStarbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 22:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/starbucks-earnings-stock-51627419105?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s close.\nStarbucks reported non-GAAP per-share earnings of $1.01 on $7.5 billion in revenue, a record. ...</p>\n\n<a href=\"https://www.barrons.com/articles/starbucks-earnings-stock-51627419105?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克"},"source_url":"https://www.barrons.com/articles/starbucks-earnings-stock-51627419105?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112939298","content_text":"Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s close.\nStarbucks reported non-GAAP per-share earnings of $1.01 on $7.5 billion in revenue, a record. Analysts had forecast earnings per share of $0.77 on $7.3 billion in revenue.\nDespite beating consensus revenue and earnings targets, Starbucks stock is down 3%, to $122.30.\nDriven by an 84% increase in same-store sales in America, the global coffee giant reported an overall increase in comparable-store sales of 73% relative to the third quarter last year. Indeed, brand loyalty remains strong, especially in the U.S. where 90-day active members of the Starbucks Rewards loyalty program increased 48% year-over-year and now account for 51% of all spending in U.S. stores–up 8% from pre-pandemic levels.\nIn a statement, Starbucks CEO Kevin Johnson told investors “Starbucks delivered record performance in the third quarter, demonstrating powerful momentum beyond recovery. Our ability to move with speed and agility and to be out in front of shifting customer behaviors has helped further differentiate Starbucks, positioning us well for this moment.”\nThe strong results have prompted management to raise the company’s 2021 earnings per share outlook from $2.90-$3.00 to $3.20-$3.25.\nDuring the earnings call, analysts were keen to hear about management’s outlook on China, as they expressed concerns about consumer pushback against U.S. brands in the region. However, Johnson was quick to dispel the concerns, commenting that there hasn’t been a geopolitical event in China that has impacted them in the past couple of years, and he doesn’t foresee that happening as long as they continue taking care of their partners and customers.\nWhile fears about rising labor costs did not materialize since operating margins were higher than last quarter and the corresponding period last year, analysts were expecting better performance in international markets. Cowen analyst, Andrew Charles, stated that Starbucks’s 41% change in comparable-store sales relative to the same period last year fell short of the 62% growth he anticipated to see. Nonetheless, the impressive numbers from the U.S. were enough for Charles to raise his price target from $126 to $135. Likewise, Stifel analyst Chris O’Cull had expected international comparable store sales to increase 66%. O’Cull further noted that management offered guidance, which implied roughly flat two-year international comparable store sales.\nThe question to investors remains whether strong U.S. growth is enough to keep on offsetting slower international growth and push the stock higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354928138,"gmtCreate":1617120019624,"gmtModify":1704696185758,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01337\">$Razer(01337)$</a>Go go go!","listText":"<a href=\"https://laohu8.com/S/01337\">$Razer(01337)$</a>Go go go!","text":"$Razer(01337)$Go go go!","images":[{"img":"https://static.tigerbbs.com/8636aebe1512aa928c68684e83522686","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354928138","isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":308346964373592,"gmtCreate":1716301860940,"gmtModify":1716301865784,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"May I ask if there is any downside if I sell put option say GOOGL at strike price $100 with expiry in Dec 2026","listText":"May I ask if there is any downside if I sell put option say GOOGL at strike price $100 with expiry in Dec 2026","text":"May I ask if there is any downside if I sell put option say GOOGL at strike price $100 with expiry in Dec 2026","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/308346964373592","isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9057751658,"gmtCreate":1655570740774,"gmtModify":1676535663878,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Looking forward!","listText":"Looking forward!","text":"Looking forward!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057751658","repostId":"2244110681","repostType":4,"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026398826,"gmtCreate":1653320462265,"gmtModify":1676535260285,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Great article&nbsp;","listText":"Great article&nbsp;","text":"Great article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026398826","repostId":"2237884509","repostType":4,"repost":{"id":"2237884509","kind":"highlight","pubTimestamp":1653291757,"share":"https://ttm.financial/m/news/2237884509?lang=&edition=fundamental","pubTime":"2022-05-23 15:42","market":"us","language":"en","title":"How To Invest In A Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2237884509","media":"seekingalpha","summary":"SummaryThe S&P 500 is in a bear market, ~20% off its peak.Many high-quality businesses have their st","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The S&amp;P 500 is in a bear market, ~20% off its peak.</li><li>Many high-quality businesses have their stock down more than 50%.</li><li>Bear markets feel like a risk as we go through them, but they appear as an opportunity in retrospect.</li><li>Emotions run high, but fortune favors the patient.</li><li>Let&#39;s review the playbook to go through a bear market unscathed.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/170860a23786e0a4eea90ff2945b8176\" tg-width=\"750\" tg-height=\"585\" width=\"100%\" height=\"auto\"/><span>pictafolio/E+ via Getty Images</span></p><p>Being an optimist is a superpower.</p><p>That&#39;s particularly true in times like these.</p><p>After another week in the house of pain, the Nasdaq (QQQ) is down 30% from its previous high. Meanwhile, the S&amp;P 5000 (SPY) is 20% off its peak, a threshold that would characterize a bear market.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3413a72f37c75d776401480b027f03e\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>If this sell-off is a typical market correction like we&#39;ve seen in 2018 or 2020, we may be near the bottom. However, if this is the start of a prolonged bear market, watch below.</p><p>Ben Carlson shared on his blog (A Wealth Of Common Sense) the history of S&amp;P 500 bear markets since 1950:</p><blockquote><i>Over 15 bear markets, the average downturn is a loss of 30%, lasting just under a year to reach the bottom and taking a little more than <a href=\"https://laohu8.com/S/AONE.U\">one</a>-and-a-half years to break even.</i></blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5a634d10eb4b4e139377eb46ea1f56f\" tg-width=\"635\" tg-height=\"447\" width=\"100%\" height=\"auto\"/><span>S&amp;P Bear Markets Since 1950 (A Wealth Of Common Sense)</span></p><p>So if we are currently going through an average bear market, we&#39;ll reach the bottom toward the end of 2022, and we&#39;ll be back at the previous high by July 2023. It could be shorter, or it could be longer. There is no way to know.</p><p>It&#39;s important to note that only three bear markets took significantly longer to recover: 1973, 2000, and 2008. These were outliers (3 out of 15 bear markets). Each time, it took more than four years to get back to even. As a result, I would never invest money in stocks that I don&#39;t plan to keep invested for at least five years.</p><p>A temporary 20% or 30% sell-off doesn&#39;t sound bad on paper because the premise assumes it&#39;s temporary. But in the middle of a bear market, our brains tend to extrapolate and think it will get worse (which may or may not be true). Morgan Housel explained in a blog post:</p><blockquote><i>All past declines look like opportunities and all future declines look like risks. It’s one of the great ironies in investing. But it happens for a reason: When studying history you know how the story ends, and it’s impossible to un-remember what you know today when thinking about the past. So it’s hard to imagine alternative outcomes when looking backward, but when looking ahead you know there are a thousand different paths we could end up on.</i></blockquote><p>Today, chances are you care more about whether stocks will fall <i>another</i> 20% or start rebounding soon. However, many years from now, what will matter is probably to have been a net buyer of stocks throughout this entire period.</p><p>If you are in the wealth accumulation phase of your life, with a regular paycheck and monthly savings to invest, a bear market is something to celebrate. However, it certainly doesn&#39;t feel good, particularly when your existing portfolio shrinks by the day. Shelby Cullom Davis said:</p><blockquote><i>You make most of your money in a bear market, you just don’t realize it at the time.</i></blockquote><p>The greatest challenge in moments like these is to stay the course and not blow up your brokerage account. To do so, being an optimist goes a long way.</p><p>You&#39;ll come across perma-bears who believe the stock market is about to enter the worst period ever seen. They&#39;ll say that earnings are about to fall, and we may enter a recession like no other. Peter Lynch explained:</p><blockquote><i>“This one is different,” is the doomsayer’s litany, and, in fact, every recession is different, but that doesn’t mean it’s going to ruin us.</i></blockquote><p>Ultimately, market downturns are a great time to buy stocks. Valuations have cooled off, and future returns look better today than in many years. So having a buyer&#39;s mentality in the face of a market meltdown is essential. Warren Buffett explained:</p><blockquote><i>A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.</i></blockquote><p>Easier said than done?</p><p>Let&#39;s review the playbook to go through a bear market unscathed.</p><p><b>1) Zoom out.</b></p><p>Great long-term investing is 1% buying and 99% waiting.</p><p>Unfortunately, many investors feel lazy if they don&#39;t tinker with their portfolios regularly. Instead, a disciplined investor should look beyond the short-term concerns.</p><p>The past few decades had their fair share of inflation, rising interest rates, wars, and recessions. Yet, looking at the performance of the MSCI World Index in the past 50 years can help gain some perspective. One dollar invested in 1970 would have grown to $68 by 2018. And the journey to get there was filled with bear markets of all kinds. Yet, staying invested through thick and thin led to an excellent outcome.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ab81195eb2e3587a7819d6957fa36be\" tg-width=\"1280\" tg-height=\"700\" width=\"100%\" height=\"auto\"/><span>Growth of $1 in the past 70 years (WealthSmart)</span></p><p>Many investors believe they can time in and out of the market based on macro factors. However, the market is forward-looking and tends to rebound long before an individual investor would feel ready to get back in. Peter Lynch explained:</p><blockquote><i>[...] every economic recovery since World War II has been preceded by a stock market rally. And these rallies often start when conditions are grim.</i></blockquote><p>On average, recessions last 11 months (vs. 67 months for economic expansions). The take-away from the chart below should be obvious. Why would you spend your time preparing for recessions? They are relatively short and unpredictable. And even with perfect information about the economy, you wouldn&#39;t be able to predict how the stock market will react.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c2ef9e05a6b3ae4e0c025e213670a60\" tg-width=\"1200\" tg-height=\"735\" width=\"100%\" height=\"auto\"/><span>Recessions &amp; Expansions (Visual Capitalist)</span></p><p>Despite history telling us that trading in and out of stocks is a weapon of alpha destruction, some investors can&#39;t help themselves. Again, market timing is a lovely idea in concept. But nobody can predict market tops and bottoms repeatedly with accuracy.</p><p>As explained in my article about 5 Ways To Prepare for The Next Stock Market Crash, recognizing how often market crashes happen can give you a better idea of what you are getting into when investing in equities. Here is the historical frequency of pullbacks identified since 1928:</p><table><tbody><tr><td><b>Market drawdown</b></td><td><b>Historical Frequency</b></td></tr><tr><td>10%</td><td>Every 11 months</td></tr><tr><td>15%</td><td>Every 24 months</td></tr><tr><td>20%</td><td>Every four years</td></tr><tr><td>30%</td><td>Every decade</td></tr><tr><td>40%</td><td>Every few decades</td></tr><tr><td>50%</td><td>2-3 times per century</td></tr></tbody></table><p>Again, the S&amp;P 500 is already 20% off its peak. And it would be silly to expect all market sell-offs will turn into the Great Depression. We have already had two bear markets of epic proportion in the past two decades, and our instinct is to assume more of the same. History tells us that it&#39;s possible but also unlikely. We just don&#39;t know.</p><p>That&#39;s why great investing starts with humility. Once we accept that the future is uncertain and that trying to predict it is a fool&#39;s errand, we are more likely to adapt our strategy for <i>sustainability</i> and <i>survivability</i>.</p><p><b>2) Document your decisions.</b></p><p>In his book <i>The Money Game</i>, Adam Smith explained:</p><blockquote><i>If you don&#39;t know who you are, [the stock market] is an expensive place to find out.</i></blockquote><p>Despite our best intentions, we can still fail. That&#39;s true of most things in life. Being married or parenting are perfect examples. Many of us can fail when it matters the most to have everything under control. Investing is no different.</p><p>The biggest challenge in a market contraction is to manage our emotions. I shared with App Economy Portfolio members a version of the &#34;cycle of emotions&#34; that comes with the market&#39;s ups and downs. It feels like we are likely somewhere between panic and capitulation (though you could suggest I&#39;m in denial).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73d884d2790a7a799b1fbbb5aecbbd42\" tg-width=\"1058\" tg-height=\"794\" width=\"100%\" height=\"auto\"/><span>Psychology of Market Cycle (Wall St. Cheat Sheet)</span></p><p>I covered before how your temperament is the single greatest factor in your portfolio&#39;s returns. There are many ways to fight our natural flaws and avoid the pitfalls we can easily fall for. I believe the most potent tool is journaling.</p><p>Journaling is the closest thing you&#39;ll ever have to a drill in investing. While NBA players can shoot free throws all day long, the only way you can practice is by writing down your strategy, goals, and rationale.</p><ul><li>Why do you invest?</li><li>What is your time horizon?</li><li>What is your investment philosophy?</li><li>Why are you bullish about this company?</li><li>Is there something that would break your thesis?</li><li>What will you do if the market falls and your portfolio along with it?</li></ul><p>Success comes with homework and preparation. These are not questions you want to answer after the fact. The more you set yourself up with the right mindset ingrained in your brain, the higher your chance of averting a crisis in the heat of the moment.</p><p>We are already in a downturn, so you don&#39;t have this luxury anymore. But it&#39;s not too late. If you feel the urge to tinker with your portfolio on a big red day, can you first write down what compels you to do so? Is there truly a call to action, or are you reacting to headlines and market movements?</p><p>In a down market, investors tend to trade too much. They buy too much too fast in the early phase of a downturn and end up with no dry powder when the market continues to fall. Or they put their entire investment process &#34;on hold&#34; because red days take a toll on them.</p><p>Documenting the reasoning behind your investment decisions and keeping score is a fantastic way to stay honest with yourself. To do so, keeping an investment log or trading journal is the easiest way. I use free apps like Google Keep and Google Sheet that sync between all my devices (desktop and mobile). It can help you identify a pattern, not only with what you&#39;re doing wrong, but also with what you&#39;re doing right.</p><p>Another instant benefit of journaling is to learn about yourself. You will see when you were wrong and why and will be more likely to accept blame for it. You are also more likely to see your performance for what it truly is, identifying luck and brilliance wherever they apply.</p><p>Relying on your feelings is a common investment mistake in a volatile market. And unless you are willing to identify it and address them, your emotions will eventually get in the way. We are influenced by fear and greed, often better described as <i>fear of joining in</i> or <i>missing out</i> (another topic I&#39;ve covered more in-depth here).</p><p>As someone managing an investment marketplace, I&#39;ve seen many members come to me and tell me that they had sold a position because they &#34;felt&#34; like there wasn&#39;t much upside to a stock. In investing, the less your feelings are involved, the better off you are. As perfectly put by Peter Lynch:</p><blockquote><i>The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.</i></blockquote><p>If your decision to buy or sell cannot wait for a few days, you are likely making an emotional decision. However, a great long-term investment decision should not require perfect timing. Unless you are in the business of day trading, you should always be able to &#34;sleep on it&#34; and let a day go by before you pull the trigger on your investment decision.</p><p>There is no rush to make investment decisions. A thesis should not depend on what could happen within hours or minutes. If bad news comes out and a stock you own is down 50%, you don&#39;t have to sell that day, even if your bullish thesis is broken. Instead, you might want to digest the news and make sure you grasp the ins and outs of a new situation. If your intentions are intact after a good night&#39;s sleep, your decision is more likely to be sensible and grounded as opposed to a knee-jerk reaction.</p><p><b>3) Automate and stick to your plan.</b></p><p>Your performance as an investor depends primarily on what you do during periods of high volatility. As a result, using a systematic investment strategy can be a powerful tool.</p><p>I use 4 Simple Rules to protect my portfolio:</p><ol><li>I invest a fixed amount monthly (consistency).</li><li>I don&#39;t add to losers (fighting prospect theory).</li><li>I don&#39;t sell winners (staying the course).</li><li>I invest for no less than five years (time horizon).</li></ol><p>I get to decide every month which stocks represent the best opportunities based on fundamentals and valuations. Still, the day I invest, and the amount I invest are already pre-determined based on my rules and process.</p><p>These safeguards make my investment journey incredibly easy to maintain in all market conditions. And it helps me maintain a balanced approach under all circumstances:</p><ul><li>It limits the maximum amount I can add to an individual stock (diversification over several positions).</li><li>It <i>forces me to invest</i> every month of the year, even when everyone else is in panic mode.</li><li>It limits the total amount I can invest in a single month, <i>easing my way</i> in the market (spreading investments over time).</li><li>It keeps me invested through the vicissitudes of the market.</li></ul><p>I tried to answer a simple question in a previous article: How many stocks should you own? I tried to explain that the right number is different for everyone.</p><p>In his book <i>The Psychology of Money</i>, Morgan Housel explained the difference between being <i>rational</i> vs. <i>reasonable</i>. A <i>rational</i> decision means making a decision strictly based on what the facts and the numbers say. It all sounds great in concept. The implication is that you let the data decide for you.</p><p>However, being rational is not always a realistic approach. We all have emotions at play that can get in the way of a sound plan. Sometimes, what would make the most sense for you will differ from the most rational decision. So, instead, you need to define what is <i>reasonable</i> for you.</p><p>The proper diversification is the one that keeps you in the game over multiple market cycles. That&#39;s why portfolio suitability is so essential.</p><p>Once you have defined a plan that suits you and have an automated system to keep it in place, you are unstoppable.</p><p>Not everyone has the luxury of having capital available to invest every month, so I want to touch on cash deployment strategies. Maybe you have cash on the sidelines, and you wonder when or how to put it to use. Unfortunately, many investors go all-in at first sight of a market pullback of a few percentage points, only to feel buyer&#39;s remorse when the market continues to fall.</p><p>I love this blog post from Morgan Housel covering his cash deployment strategy in the context of a market drawdown. He shows how much of a theoretical $1,000 in cash set aside for investing he would deploy based on how much the market has sold off.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b4a94ee08348304e119c97815f86b055\" tg-width=\"640\" tg-height=\"195\" width=\"100%\" height=\"auto\"/><span>Morgan Housel Cash Deployment Strategy (The Motley Fool)</span></p><p>The S&amp;P 500 is down 20%, so Morgan would invest ~60% of his cash reserve (keeping the remaining 40% in case of a more significant sell-off).</p><p>It doesn&#39;t matter what exact number you use. What matters is to define a plan and stick to it. In investing, consistency wins the game.</p><p><b>4) Be selective and focus on quality</b></p><p>A bear market is a perfect opportunity to invest in a stock you&#39;ve wanted to own for a long time but couldn&#39;t because of valuation concerns or because it was running away from you. I believe that&#39;s where your focus should be.</p><p>Again, I wouldn&#39;t bet the farm and invest all at once (as explained above), but it doesn&#39;t get better than slowly accumulating shares of great businesses while they are on sale.</p><p>Of course, we have to hold our noses. Stocks could have more to fall in a highly volatile and unpredictable environment. As a result, it wouldn&#39;t be shocking to see a stock fall <i>another</i> 30% right after you buy it. That&#39;s the cost of doing business. If you don&#39;t have the stomach for it, you are better off focusing exclusively on index funds or letting someone else manage it for you.</p><p>Since the market tends to sell indiscriminately during a bear market, it gives us a fantastic opportunity to invest in high-quality businesses.</p><p><b>What is a high-quality business, you ask?</b></p><p>I modernized Philip Fisher&#39;s Scuttlebutt common-stock checklist:</p><ol><li>Large addressable market.</li><li>Future growth initiatives.</li><li>Effective research and development.</li><li>Effective sales &amp; marketing.</li><li>Worthwhile profit margins.</li><li>Improving profit margins.</li><li>Strong culture.</li><li>High insider ownership.</li><li>Management team depth.</li><li>Consistent reporting.</li><li>Sustainable competitive advantages.</li><li>Long-term vision.</li><li>Financial fortitude.</li><li>Transparent management.</li><li>Ethical management.</li></ol><p>I would emphasize financial fortitude and cash flow in the current macro environment, given the potential for a liquidity crisis.</p><p>The largest companies driving the US indices higher in the past decade have been incredible cash-flow machines. Apple (AAPL) crossed $100B in free cash flow in the past 12 months. Alphabet (GOOG) and Microsoft (MSFT) are not far behind.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d506ce6743c74db3df117a557fac5019\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Our north star is finding the businesses that can follow a similar path in the decades ahead. And only companies that can survive and thrive in a crisis will be able to get there.</p><p>It&#39;s essential to understand what you invest in to stay invested when the inevitable setback occurs. Borrowing from Peter Lynch, I realized I had a clear advantage through my experience at PwC and my decade-long tenure as a financial executive in the gaming industry. That&#39;s why my focus has been on the App Economy in the past decade.</p><p>I recently shared on Seeking Alpha why I like companies like Airbnb (ABNB), <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ), and <a href=\"https://laohu8.com/S/DDOG\">Datadog</a> (DDOG), particularly after their massive sell-offs in the past few months. Of course, these are only examples, but they check most of the boxes listed above.</p><p>I believe this bear market is an excellent opportunity to reflect on what you&#39;ve had on your watch list for a very long time. However, I would be mindful of not falling for the &#34;flavor of the month.&#34; For example, I see many articles about investing in energy stocks these days, which are cyclical and represent a tiny portion of the economy. There is also a risk of investing in specific stocks because they are expected to do well &#34;now&#34; or in the next few weeks. If you invest in companies solely based on how they might perform in the here and now, you are likely shortening your time horizon, leading to overtrading and unnecessary tax inefficiencies.</p><p>Building up positions in your winners is also a sound investment philosophy during a downturn. I covered the art of adding to your winners when I explained why I was adding to my position in MongoDB (MDB) in 2019.</p><p>The great businesses that sit at the top of your portfolio are the same as before any market meltdown, and they will still be the same after the storm passes. In the short term, stock performance can be detached from the underlying business, both in up and down markets.</p><p>In my article about 7 Rules For An Antifragile Portfolio, I discuss the importance of seeking low-downside, high-upside payoffs. Borrowing from Peter Thiel in his book Zero to One, I discussed the idea of only investing in companies that have the potential to beat all of your other investments combined. While this idea may sound romantic at first, it can be very effective. By setting the expectation that your next pick needs to have the potential to beat the performance of all your other investments combined, you are setting the bar extremely high and challenging your own goal. Most stocks won&#39;t pass this filter. And that&#39;s a good thing.</p><p><b>5) Be patient. This too shall pass.</b></p><p>It&#39;s not fun to watch a portfolio collapse in real-time. Whenever a new sell-off occurs, we are all back in the grind, trying to get our accounts to all-time highs. While setbacks always feel painful, rising to the challenge is critical.</p><p>What prevents many investors from keeping a steady hand in a time of hardship is the daunting thought of waiting for years before the portfolio has a shot at hitting a new high again. But that&#39;s what investing is all about. As American economist Paul Samuelson wrote:</p><blockquote><i>Investing should be more like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas.</i></blockquote><p>As Charlie Munger explained:</p><blockquote><i>It&#39;s waiting that helps you as an investor, and a lot of people just can&#39;t stand to wait. If you didn&#39;t get the deferred-gratification gene, you&#39;ve got to work very hard to overcome that.</i></blockquote><p>So before you re-balance your portfolio or throw in the towel on what may become a significant missed opportunity, you want to ask yourself if you&#39;ve genuinely given enough time for your investments to flourish. Unless my bullish thesis is broken, I don&#39;t sell until I&#39;ve held a position for at least five years since my last purchase. It&#39;s an effective safeguard to ignore the noise of missed guidances, lower target prices from analysts, or negative headlines of the day.</p><p>Because emotions run high after a series of red days, the best course of action is often to sit on your hands. That&#39;s right, doing nothing at all.</p><p>Only with the discipline of staying invested through thick and thin will you benefit from the power of compounding over the years. Even the best-performing portfolios don&#39;t go up in a straight line. Investing is all about grinding through good and bad times with a mindset that remains onward and upward.</p><p>You&#39;ll often hear about how it took almost 16 years for Microsoft (MSFT) to regain its 1999 high. This stretch was the worst in the US stock market history (two of the longest bear markets ever, almost back to back). So I don&#39;t find it particularly insightful. It&#39;s the ultimate cherry-picking, if you will.</p><p>There <i>are</i> periods of 10 years with negative stock returns in the stock market. However, your portfolio wouldn&#39;t suffer from such misfortune unless you invested all of your life&#39;s savings at the market top in 2000.</p><p>Recognizing that there is no urgency to act is essential. As I pointed out in many articles, if your next trade cannot wait for a few days, you are likely making an emotional decision. An investment should not depend on perfect timing or finding the exact bottom.</p><p><b>Final Word</b></p><p>A bear market is a unique opportunity to invest for the long term. The key is to give yourself the best chance to stay calm and make the best decisions:</p><ol><li><b>Zoom out</b>. Market sell-offs are part of the investing process.</li><li><b>Document your decisions</b>. Are you reacting to the news cycle? Journaling and keeping score can help you work through your emotions.</li><li><b>Automate and stick to your plan</b>. A rule-based approach can help. Consistency wins, particularly in challenging times.</li><li><b>Be selective</b>. Focus on high-quality companies that can sustain the test of time and rarely offer a decent entry point.</li><li><b>Be patient. This too shall pass</b>. Sell-offs are part of the grind, and we&#39;ll all come out stronger on the other side.</li></ol><p><b>What about you?</b></p><ul><li>How are you holding up in the recent sell-off?</li><li>Have you been watching your cash deployment with caution?</li><li>Are you focusing on the best-of-breed businesses or chasing bargains?</li></ul><p>Let me know in the comments!</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How To Invest In A Bear 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\">\nHow To Invest In A Bear Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-23 15:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4513563-how-to-invest-in-a-bear-market><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe S&P 500 is in a bear market, ~20% off its peak.Many high-quality businesses have their stock down more than 50%.Bear markets feel like a risk as we go through them, but they appear as an ...</p>\n\n<a href=\"https://seekingalpha.com/article/4513563-how-to-invest-in-a-bear-market\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4513563-how-to-invest-in-a-bear-market","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2237884509","content_text":"SummaryThe S&P 500 is in a bear market, ~20% off its peak.Many high-quality businesses have their stock down more than 50%.Bear markets feel like a risk as we go through them, but they appear as an opportunity in retrospect.Emotions run high, but fortune favors the patient.Let's review the playbook to go through a bear market unscathed.pictafolio/E+ via Getty ImagesBeing an optimist is a superpower.That's particularly true in times like these.After another week in the house of pain, the Nasdaq (QQQ) is down 30% from its previous high. Meanwhile, the S&P 5000 (SPY) is 20% off its peak, a threshold that would characterize a bear market.Data by YChartsIf this sell-off is a typical market correction like we've seen in 2018 or 2020, we may be near the bottom. However, if this is the start of a prolonged bear market, watch below.Ben Carlson shared on his blog (A Wealth Of Common Sense) the history of S&P 500 bear markets since 1950:Over 15 bear markets, the average downturn is a loss of 30%, lasting just under a year to reach the bottom and taking a little more than one-and-a-half years to break even.S&P Bear Markets Since 1950 (A Wealth Of Common Sense)So if we are currently going through an average bear market, we'll reach the bottom toward the end of 2022, and we'll be back at the previous high by July 2023. It could be shorter, or it could be longer. There is no way to know.It's important to note that only three bear markets took significantly longer to recover: 1973, 2000, and 2008. These were outliers (3 out of 15 bear markets). Each time, it took more than four years to get back to even. As a result, I would never invest money in stocks that I don't plan to keep invested for at least five years.A temporary 20% or 30% sell-off doesn't sound bad on paper because the premise assumes it's temporary. But in the middle of a bear market, our brains tend to extrapolate and think it will get worse (which may or may not be true). Morgan Housel explained in a blog post:All past declines look like opportunities and all future declines look like risks. It’s one of the great ironies in investing. But it happens for a reason: When studying history you know how the story ends, and it’s impossible to un-remember what you know today when thinking about the past. So it’s hard to imagine alternative outcomes when looking backward, but when looking ahead you know there are a thousand different paths we could end up on.Today, chances are you care more about whether stocks will fall another 20% or start rebounding soon. However, many years from now, what will matter is probably to have been a net buyer of stocks throughout this entire period.If you are in the wealth accumulation phase of your life, with a regular paycheck and monthly savings to invest, a bear market is something to celebrate. However, it certainly doesn't feel good, particularly when your existing portfolio shrinks by the day. Shelby Cullom Davis said:You make most of your money in a bear market, you just don’t realize it at the time.The greatest challenge in moments like these is to stay the course and not blow up your brokerage account. To do so, being an optimist goes a long way.You'll come across perma-bears who believe the stock market is about to enter the worst period ever seen. They'll say that earnings are about to fall, and we may enter a recession like no other. Peter Lynch explained:“This one is different,” is the doomsayer’s litany, and, in fact, every recession is different, but that doesn’t mean it’s going to ruin us.Ultimately, market downturns are a great time to buy stocks. Valuations have cooled off, and future returns look better today than in many years. So having a buyer's mentality in the face of a market meltdown is essential. Warren Buffett explained:A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.Easier said than done?Let's review the playbook to go through a bear market unscathed.1) Zoom out.Great long-term investing is 1% buying and 99% waiting.Unfortunately, many investors feel lazy if they don't tinker with their portfolios regularly. Instead, a disciplined investor should look beyond the short-term concerns.The past few decades had their fair share of inflation, rising interest rates, wars, and recessions. Yet, looking at the performance of the MSCI World Index in the past 50 years can help gain some perspective. One dollar invested in 1970 would have grown to $68 by 2018. And the journey to get there was filled with bear markets of all kinds. Yet, staying invested through thick and thin led to an excellent outcome.Growth of $1 in the past 70 years (WealthSmart)Many investors believe they can time in and out of the market based on macro factors. However, the market is forward-looking and tends to rebound long before an individual investor would feel ready to get back in. Peter Lynch explained:[...] every economic recovery since World War II has been preceded by a stock market rally. And these rallies often start when conditions are grim.On average, recessions last 11 months (vs. 67 months for economic expansions). The take-away from the chart below should be obvious. Why would you spend your time preparing for recessions? They are relatively short and unpredictable. And even with perfect information about the economy, you wouldn't be able to predict how the stock market will react.Recessions & Expansions (Visual Capitalist)Despite history telling us that trading in and out of stocks is a weapon of alpha destruction, some investors can't help themselves. Again, market timing is a lovely idea in concept. But nobody can predict market tops and bottoms repeatedly with accuracy.As explained in my article about 5 Ways To Prepare for The Next Stock Market Crash, recognizing how often market crashes happen can give you a better idea of what you are getting into when investing in equities. Here is the historical frequency of pullbacks identified since 1928:Market drawdownHistorical Frequency10%Every 11 months15%Every 24 months20%Every four years30%Every decade40%Every few decades50%2-3 times per centuryAgain, the S&P 500 is already 20% off its peak. And it would be silly to expect all market sell-offs will turn into the Great Depression. We have already had two bear markets of epic proportion in the past two decades, and our instinct is to assume more of the same. History tells us that it's possible but also unlikely. We just don't know.That's why great investing starts with humility. Once we accept that the future is uncertain and that trying to predict it is a fool's errand, we are more likely to adapt our strategy for sustainability and survivability.2) Document your decisions.In his book The Money Game, Adam Smith explained:If you don't know who you are, [the stock market] is an expensive place to find out.Despite our best intentions, we can still fail. That's true of most things in life. Being married or parenting are perfect examples. Many of us can fail when it matters the most to have everything under control. Investing is no different.The biggest challenge in a market contraction is to manage our emotions. I shared with App Economy Portfolio members a version of the \"cycle of emotions\" that comes with the market's ups and downs. It feels like we are likely somewhere between panic and capitulation (though you could suggest I'm in denial).Psychology of Market Cycle (Wall St. Cheat Sheet)I covered before how your temperament is the single greatest factor in your portfolio's returns. There are many ways to fight our natural flaws and avoid the pitfalls we can easily fall for. I believe the most potent tool is journaling.Journaling is the closest thing you'll ever have to a drill in investing. While NBA players can shoot free throws all day long, the only way you can practice is by writing down your strategy, goals, and rationale.Why do you invest?What is your time horizon?What is your investment philosophy?Why are you bullish about this company?Is there something that would break your thesis?What will you do if the market falls and your portfolio along with it?Success comes with homework and preparation. These are not questions you want to answer after the fact. The more you set yourself up with the right mindset ingrained in your brain, the higher your chance of averting a crisis in the heat of the moment.We are already in a downturn, so you don't have this luxury anymore. But it's not too late. If you feel the urge to tinker with your portfolio on a big red day, can you first write down what compels you to do so? Is there truly a call to action, or are you reacting to headlines and market movements?In a down market, investors tend to trade too much. They buy too much too fast in the early phase of a downturn and end up with no dry powder when the market continues to fall. Or they put their entire investment process \"on hold\" because red days take a toll on them.Documenting the reasoning behind your investment decisions and keeping score is a fantastic way to stay honest with yourself. To do so, keeping an investment log or trading journal is the easiest way. I use free apps like Google Keep and Google Sheet that sync between all my devices (desktop and mobile). It can help you identify a pattern, not only with what you're doing wrong, but also with what you're doing right.Another instant benefit of journaling is to learn about yourself. You will see when you were wrong and why and will be more likely to accept blame for it. You are also more likely to see your performance for what it truly is, identifying luck and brilliance wherever they apply.Relying on your feelings is a common investment mistake in a volatile market. And unless you are willing to identify it and address them, your emotions will eventually get in the way. We are influenced by fear and greed, often better described as fear of joining in or missing out (another topic I've covered more in-depth here).As someone managing an investment marketplace, I've seen many members come to me and tell me that they had sold a position because they \"felt\" like there wasn't much upside to a stock. In investing, the less your feelings are involved, the better off you are. As perfectly put by Peter Lynch:The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.If your decision to buy or sell cannot wait for a few days, you are likely making an emotional decision. However, a great long-term investment decision should not require perfect timing. Unless you are in the business of day trading, you should always be able to \"sleep on it\" and let a day go by before you pull the trigger on your investment decision.There is no rush to make investment decisions. A thesis should not depend on what could happen within hours or minutes. If bad news comes out and a stock you own is down 50%, you don't have to sell that day, even if your bullish thesis is broken. Instead, you might want to digest the news and make sure you grasp the ins and outs of a new situation. If your intentions are intact after a good night's sleep, your decision is more likely to be sensible and grounded as opposed to a knee-jerk reaction.3) Automate and stick to your plan.Your performance as an investor depends primarily on what you do during periods of high volatility. As a result, using a systematic investment strategy can be a powerful tool.I use 4 Simple Rules to protect my portfolio:I invest a fixed amount monthly (consistency).I don't add to losers (fighting prospect theory).I don't sell winners (staying the course).I invest for no less than five years (time horizon).I get to decide every month which stocks represent the best opportunities based on fundamentals and valuations. Still, the day I invest, and the amount I invest are already pre-determined based on my rules and process.These safeguards make my investment journey incredibly easy to maintain in all market conditions. And it helps me maintain a balanced approach under all circumstances:It limits the maximum amount I can add to an individual stock (diversification over several positions).It forces me to invest every month of the year, even when everyone else is in panic mode.It limits the total amount I can invest in a single month, easing my way in the market (spreading investments over time).It keeps me invested through the vicissitudes of the market.I tried to answer a simple question in a previous article: How many stocks should you own? I tried to explain that the right number is different for everyone.In his book The Psychology of Money, Morgan Housel explained the difference between being rational vs. reasonable. A rational decision means making a decision strictly based on what the facts and the numbers say. It all sounds great in concept. The implication is that you let the data decide for you.However, being rational is not always a realistic approach. We all have emotions at play that can get in the way of a sound plan. Sometimes, what would make the most sense for you will differ from the most rational decision. So, instead, you need to define what is reasonable for you.The proper diversification is the one that keeps you in the game over multiple market cycles. That's why portfolio suitability is so essential.Once you have defined a plan that suits you and have an automated system to keep it in place, you are unstoppable.Not everyone has the luxury of having capital available to invest every month, so I want to touch on cash deployment strategies. Maybe you have cash on the sidelines, and you wonder when or how to put it to use. Unfortunately, many investors go all-in at first sight of a market pullback of a few percentage points, only to feel buyer's remorse when the market continues to fall.I love this blog post from Morgan Housel covering his cash deployment strategy in the context of a market drawdown. He shows how much of a theoretical $1,000 in cash set aside for investing he would deploy based on how much the market has sold off.Morgan Housel Cash Deployment Strategy (The Motley Fool)The S&P 500 is down 20%, so Morgan would invest ~60% of his cash reserve (keeping the remaining 40% in case of a more significant sell-off).It doesn't matter what exact number you use. What matters is to define a plan and stick to it. In investing, consistency wins the game.4) Be selective and focus on qualityA bear market is a perfect opportunity to invest in a stock you've wanted to own for a long time but couldn't because of valuation concerns or because it was running away from you. I believe that's where your focus should be.Again, I wouldn't bet the farm and invest all at once (as explained above), but it doesn't get better than slowly accumulating shares of great businesses while they are on sale.Of course, we have to hold our noses. Stocks could have more to fall in a highly volatile and unpredictable environment. As a result, it wouldn't be shocking to see a stock fall another 30% right after you buy it. That's the cost of doing business. If you don't have the stomach for it, you are better off focusing exclusively on index funds or letting someone else manage it for you.Since the market tends to sell indiscriminately during a bear market, it gives us a fantastic opportunity to invest in high-quality businesses.What is a high-quality business, you ask?I modernized Philip Fisher's Scuttlebutt common-stock checklist:Large addressable market.Future growth initiatives.Effective research and development.Effective sales & marketing.Worthwhile profit margins.Improving profit margins.Strong culture.High insider ownership.Management team depth.Consistent reporting.Sustainable competitive advantages.Long-term vision.Financial fortitude.Transparent management.Ethical management.I would emphasize financial fortitude and cash flow in the current macro environment, given the potential for a liquidity crisis.The largest companies driving the US indices higher in the past decade have been incredible cash-flow machines. Apple (AAPL) crossed $100B in free cash flow in the past 12 months. Alphabet (GOOG) and Microsoft (MSFT) are not far behind.Data by YChartsOur north star is finding the businesses that can follow a similar path in the decades ahead. And only companies that can survive and thrive in a crisis will be able to get there.It's essential to understand what you invest in to stay invested when the inevitable setback occurs. Borrowing from Peter Lynch, I realized I had a clear advantage through my experience at PwC and my decade-long tenure as a financial executive in the gaming industry. That's why my focus has been on the App Economy in the past decade.I recently shared on Seeking Alpha why I like companies like Airbnb (ABNB), Block (SQ), and Datadog (DDOG), particularly after their massive sell-offs in the past few months. Of course, these are only examples, but they check most of the boxes listed above.I believe this bear market is an excellent opportunity to reflect on what you've had on your watch list for a very long time. However, I would be mindful of not falling for the \"flavor of the month.\" For example, I see many articles about investing in energy stocks these days, which are cyclical and represent a tiny portion of the economy. There is also a risk of investing in specific stocks because they are expected to do well \"now\" or in the next few weeks. If you invest in companies solely based on how they might perform in the here and now, you are likely shortening your time horizon, leading to overtrading and unnecessary tax inefficiencies.Building up positions in your winners is also a sound investment philosophy during a downturn. I covered the art of adding to your winners when I explained why I was adding to my position in MongoDB (MDB) in 2019.The great businesses that sit at the top of your portfolio are the same as before any market meltdown, and they will still be the same after the storm passes. In the short term, stock performance can be detached from the underlying business, both in up and down markets.In my article about 7 Rules For An Antifragile Portfolio, I discuss the importance of seeking low-downside, high-upside payoffs. Borrowing from Peter Thiel in his book Zero to One, I discussed the idea of only investing in companies that have the potential to beat all of your other investments combined. While this idea may sound romantic at first, it can be very effective. By setting the expectation that your next pick needs to have the potential to beat the performance of all your other investments combined, you are setting the bar extremely high and challenging your own goal. Most stocks won't pass this filter. And that's a good thing.5) Be patient. This too shall pass.It's not fun to watch a portfolio collapse in real-time. Whenever a new sell-off occurs, we are all back in the grind, trying to get our accounts to all-time highs. While setbacks always feel painful, rising to the challenge is critical.What prevents many investors from keeping a steady hand in a time of hardship is the daunting thought of waiting for years before the portfolio has a shot at hitting a new high again. But that's what investing is all about. As American economist Paul Samuelson wrote:Investing should be more like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas.As Charlie Munger explained:It's waiting that helps you as an investor, and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that.So before you re-balance your portfolio or throw in the towel on what may become a significant missed opportunity, you want to ask yourself if you've genuinely given enough time for your investments to flourish. Unless my bullish thesis is broken, I don't sell until I've held a position for at least five years since my last purchase. It's an effective safeguard to ignore the noise of missed guidances, lower target prices from analysts, or negative headlines of the day.Because emotions run high after a series of red days, the best course of action is often to sit on your hands. That's right, doing nothing at all.Only with the discipline of staying invested through thick and thin will you benefit from the power of compounding over the years. Even the best-performing portfolios don't go up in a straight line. Investing is all about grinding through good and bad times with a mindset that remains onward and upward.You'll often hear about how it took almost 16 years for Microsoft (MSFT) to regain its 1999 high. This stretch was the worst in the US stock market history (two of the longest bear markets ever, almost back to back). So I don't find it particularly insightful. It's the ultimate cherry-picking, if you will.There are periods of 10 years with negative stock returns in the stock market. However, your portfolio wouldn't suffer from such misfortune unless you invested all of your life's savings at the market top in 2000.Recognizing that there is no urgency to act is essential. As I pointed out in many articles, if your next trade cannot wait for a few days, you are likely making an emotional decision. An investment should not depend on perfect timing or finding the exact bottom.Final WordA bear market is a unique opportunity to invest for the long term. The key is to give yourself the best chance to stay calm and make the best decisions:Zoom out. Market sell-offs are part of the investing process.Document your decisions. Are you reacting to the news cycle? Journaling and keeping score can help you work through your emotions.Automate and stick to your plan. A rule-based approach can help. Consistency wins, particularly in challenging times.Be selective. Focus on high-quality companies that can sustain the test of time and rarely offer a decent entry point.Be patient. This too shall pass. Sell-offs are part of the grind, and we'll all come out stronger on the other side.What about you?How are you holding up in the recent sell-off?Have you been watching your cash deployment with caution?Are you focusing on the best-of-breed businesses or chasing bargains?Let me know in the comments!","news_type":1},"isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039170430,"gmtCreate":1645977255189,"gmtModify":1676534078960,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Yay!","listText":"Yay!","text":"Yay!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039170430","repostId":"1113266874","repostType":4,"repost":{"id":"1113266874","kind":"news","pubTimestamp":1645881465,"share":"https://ttm.financial/m/news/1113266874?lang=&edition=fundamental","pubTime":"2022-02-26 21:17","market":"us","language":"en","title":"Berkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%","url":"https://stock-news.laohu8.com/highlight/detail?id=1113266874","media":"seekingalpha","summary":"Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, B","content":"<html><head></head><body><p>Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, Berkshire (BRK.B) bought back $27B of its own shares in 2021, up from the $24.7B it repurchased in 2020.</p><p>Q4 operating earnings of $7.29B vs. $6.47B in Q3 and $5.02B in Q4, a 45% Y/Y jump as insurance underwriting reversed from a year-ago loss. Railroad, energy, and utilities earnings also contributed to the gain as well as a healthy increase in &#34;other businesses.&#34;</p><p>Insurance float was ~$147B at Dec. 31, 2021 vs. ~$145B at Sept. 30.</p><p>Operating earnings by segment:</p><p>Insurance underwriting — $372M vs. -$299M a year ago.</p><p>Insurance - investment income — $1.22B vs. $1.27B</p><p>Railroad, utilities, and energy —$2.24B vs. $2.00B.</p><p>Other businesses — $2.79B vs. $2.47B</p><p>Other — $662M vs. -$412M</p><p>Q4 net earnings, which includes investment and derivatives gains or losses (most of which is unrealized), were $39.6B, or $17.79 per class B share. That compares with $10.3B or $4.59 per class B share, in Q3 and $35.8B, or $15.34 per share, in Q4 2020.</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>Berkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%</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\">\nBerkshire Hathaway Buys Back $6.9B of Stock in Q4; Operating Earnings Rise 45%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-26 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3806245-berkshire-hathaway-buys-back-69b-of-stock-in-q4-operating-earnings-rise-45><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, Berkshire (BRK.B) bought back $27B of its own shares in 2021, up from the $24.7B it repurchased in ...</p>\n\n<a href=\"https://seekingalpha.com/news/3806245-berkshire-hathaway-buys-back-69b-of-stock-in-q4-operating-earnings-rise-45\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://seekingalpha.com/news/3806245-berkshire-hathaway-buys-back-69b-of-stock-in-q4-operating-earnings-rise-45","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113266874","content_text":"Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in Q4 2021. All told, Berkshire (BRK.B) bought back $27B of its own shares in 2021, up from the $24.7B it repurchased in 2020.Q4 operating earnings of $7.29B vs. $6.47B in Q3 and $5.02B in Q4, a 45% Y/Y jump as insurance underwriting reversed from a year-ago loss. Railroad, energy, and utilities earnings also contributed to the gain as well as a healthy increase in \"other businesses.\"Insurance float was ~$147B at Dec. 31, 2021 vs. ~$145B at Sept. 30.Operating earnings by segment:Insurance underwriting — $372M vs. -$299M a year ago.Insurance - investment income — $1.22B vs. $1.27BRailroad, utilities, and energy —$2.24B vs. $2.00B.Other businesses — $2.79B vs. $2.47BOther — $662M vs. -$412MQ4 net earnings, which includes investment and derivatives gains or losses (most of which is unrealized), were $39.6B, or $17.79 per class B share. That compares with $10.3B or $4.59 per class B share, in Q3 and $35.8B, or $15.34 per share, in Q4 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":948,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098762174,"gmtCreate":1644236824215,"gmtModify":1676533902388,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Is there a simpler way to explain the scenario?","listText":"Is there a simpler way to explain the scenario?","text":"Is there a simpler way to explain the scenario?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098762174","repostId":"2209466983","repostType":4,"repost":{"id":"2209466983","kind":"highlight","pubTimestamp":1644232684,"share":"https://ttm.financial/m/news/2209466983?lang=&edition=fundamental","pubTime":"2022-02-07 19:18","market":"us","language":"en","title":"The Next 'Pain Trade' Could Be on the Horizon as Investors Crowd into Bets Pegged to Fed Monetary Policy","url":"https://stock-news.laohu8.com/highlight/detail?id=2209466983","media":"MarketWatch","summary":"Investors may be set up for the next so-called “pain” trade, with market participants increasingly c","content":"<html><head></head><body><p>Investors may be set up for the next so-called “pain” trade, with market participants increasingly coalescing around expectations that Federal Reserve needs to act aggressively to combat persistent U.S. inflation.</p><p>As traders brace for a series of interest-rate increases this year, starting in March, many could be caught flat-footed in crowded bets that are designed to profit from anticipated monetary policy moves, should market-based expectations suddenly shift.</p><p>Friday’s release of unexpectedly strong job gains for January is giving greater credence to a Fed rate increase next month that could be a bigger-than-usual 0.50 percentage point increase, while the likelihood that the central bank’s policy rate target could end the year between 1.75% and 2% also has risen, according to the CME FedWatch Tool.</p><p>The trouble is that the COVID-19 pandemic has cleaved the range of possible U.S. economic outcomes into two directions, which can change on any given day: One favors higher policy and market rates, as the Fed and other central banks attempt to tackle persistent inflation. The other supports the view of lower rates, on the basis that economies are too fragile to handle much tightening and inflation should subsequently trail off.</p><p>That leaves those positioned for higher U.S. policy rates exposed to potential losses if the market narrative suddenly flips.</p><p>“The consensus views in this market scare me,” Gang Hu, a TIPS trader with New York hedge fund WinShore Capital Partners, wrote in a note released after Friday’s jobs report. “Reading through various research papers from the Street, I couldn’t find anyone disagree with each other. But if we all agree and put on the same positions, who’s going to take us out” of the trade?</p><p>Friday’s robust nonfarm payroll report was met with rising Treasury yields, as the 10-year rate broke through 1.9%, stocks found their footing, and investors braced for a Fed that seems certain to move away from an easy-money stance, which has kept the fed funds pinned to current levels between 0% and 0.25%. Yet it was only a few months ago that some of the most sophisticated investors — hedge funds — were caught off guard by unexpected dovish pivots by the Fed and Bank of England, as well as a flattening of bond market yield curves.</p><p>The unexpected nature of the pandemic has produced enough uncertainties to leave lingering doubts about the outlook, Hu told MarketWatch by phone — starting with the possibilities that a fresh wave of COVID-19 cases could re-emerge at any time and that growth might taper off, bringing inflation down with it. His views were backed by a Treasury yield curve, or spread between short-term yields and their longer term counterparts, that narrowed further on Friday, despite the surprisingly strong jobs report.</p><p>“We are all following central banks and taking whatever they tell us at face value,” he says. “But I expect they could probably tell us something different at another time.”</p><p>Exacerbating the risk ahead are the consolidations in the fund management industry, with fewer people controlling more money, getting all the same information, and making the same bets — with one financial firm crossing the $10 trillion threshold, according to Hu. With so few controlling so much, “who has the size to be their counterparty and take them out of the trade?” he wrote.</p><p>The lack of adequately sized counterparties on the other side of a trade means unwinding that position becomes more costly. “You can execute, but if you are forced to sell, getting out can be a painful adjustment,” said head trader John Farawell with Roosevelt &amp; Cross, a bond underwriter in New York.</p><p>Farawell pointed to Friday’s jobs report, which “shocked everybody,” as an example of how easily the herd can turn out to be wrong. “Now the question is if the Fed is going to do a 25 or 50 basis point hike, and when I see everyone looking the same way, a pain trade may occur. With many positioned for a flattening of the curve, it now could be a steepening that’s the next pain trade.”</p><p>The difficulty with being on the wrong side of a popular bet was highlighted late last year, when <a href=\"https://www.marketwatch.com/story/more-pain-likely-for-hedge-funds-as-leveraged-investors-unwind-wrong-way-bond-market-bets-traders-say-11636491751?mod=article_inline\" target=\"_blank\">hedge funds</a> incurred significant losses from wrong-way positions on the direction of interest rates in the U.S. and across the world. Their <a href=\"https://www.marketwatch.com/story/more-pain-likely-for-hedge-funds-as-leveraged-investors-unwind-wrong-way-bond-market-bets-traders-say-11636491751?mod=article_inline\" target=\"_blank\">need to short-cover</a>, or buy back securities to close out open short positions, was said to be one of the factors contributing to a decline in Treasury yields during early November.</p><p>An absence of market players may be occurring in other markets, such as crude oil, resulting in bigger swings in prices. The crude-oil market has lost some players during the pandemic, particularly companies that once acted as “circuit breakers,” said Tom Kloza, global head of energy analysis for the Oil Price Information Service. So several exploration and production firms have said they won’t hedge in futures, and “fewer participants translate into more volatility,” Kloza said.</p><p>Investors now turn their attention to next Thursday’s consumer-price index report, which traders and economists expect to come at around a 7.2% year-over-year headline gain. Traders also expect the February reading to hit 7.4% and March to hit 7.2% before annual CPI starts to taper off down to 3.3% at the end of the year.</p><p>“There has definitely been binary ways to look at inflation as it affects the market, but there hasn’t been a dispersion of views as much as I would like,” said Rob Daly, director of fixed income at Glenmede Investment Management in Philadelphia.</p><p>“The next pain trade could come if inflation moderates more quickly than expected, and rates come off quickly, with the 10-year yield falling back down to 1.50% —hurting those that have been positioned for aggressive rate hikes,” he said via phone. “Or it could come from inflation staying durable and the unwinding of risk.”</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>The Next 'Pain Trade' Could Be on the Horizon as Investors Crowd into Bets Pegged to Fed Monetary Policy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Next 'Pain Trade' Could Be on the Horizon as Investors Crowd into Bets Pegged to Fed Monetary Policy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-07 19:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-next-pain-trade-could-be-on-the-horizon-as-investors-crowd-into-bets-pegged-to-fed-monetary-policy-11644009982?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors may be set up for the next so-called “pain” trade, with market participants increasingly coalescing around expectations that Federal Reserve needs to act aggressively to combat persistent U....</p>\n\n<a href=\"https://www.marketwatch.com/story/the-next-pain-trade-could-be-on-the-horizon-as-investors-crowd-into-bets-pegged-to-fed-monetary-policy-11644009982?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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/the-next-pain-trade-could-be-on-the-horizon-as-investors-crowd-into-bets-pegged-to-fed-monetary-policy-11644009982?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2209466983","content_text":"Investors may be set up for the next so-called “pain” trade, with market participants increasingly coalescing around expectations that Federal Reserve needs to act aggressively to combat persistent U.S. inflation.As traders brace for a series of interest-rate increases this year, starting in March, many could be caught flat-footed in crowded bets that are designed to profit from anticipated monetary policy moves, should market-based expectations suddenly shift.Friday’s release of unexpectedly strong job gains for January is giving greater credence to a Fed rate increase next month that could be a bigger-than-usual 0.50 percentage point increase, while the likelihood that the central bank’s policy rate target could end the year between 1.75% and 2% also has risen, according to the CME FedWatch Tool.The trouble is that the COVID-19 pandemic has cleaved the range of possible U.S. economic outcomes into two directions, which can change on any given day: One favors higher policy and market rates, as the Fed and other central banks attempt to tackle persistent inflation. The other supports the view of lower rates, on the basis that economies are too fragile to handle much tightening and inflation should subsequently trail off.That leaves those positioned for higher U.S. policy rates exposed to potential losses if the market narrative suddenly flips.“The consensus views in this market scare me,” Gang Hu, a TIPS trader with New York hedge fund WinShore Capital Partners, wrote in a note released after Friday’s jobs report. “Reading through various research papers from the Street, I couldn’t find anyone disagree with each other. But if we all agree and put on the same positions, who’s going to take us out” of the trade?Friday’s robust nonfarm payroll report was met with rising Treasury yields, as the 10-year rate broke through 1.9%, stocks found their footing, and investors braced for a Fed that seems certain to move away from an easy-money stance, which has kept the fed funds pinned to current levels between 0% and 0.25%. Yet it was only a few months ago that some of the most sophisticated investors — hedge funds — were caught off guard by unexpected dovish pivots by the Fed and Bank of England, as well as a flattening of bond market yield curves.The unexpected nature of the pandemic has produced enough uncertainties to leave lingering doubts about the outlook, Hu told MarketWatch by phone — starting with the possibilities that a fresh wave of COVID-19 cases could re-emerge at any time and that growth might taper off, bringing inflation down with it. His views were backed by a Treasury yield curve, or spread between short-term yields and their longer term counterparts, that narrowed further on Friday, despite the surprisingly strong jobs report.“We are all following central banks and taking whatever they tell us at face value,” he says. “But I expect they could probably tell us something different at another time.”Exacerbating the risk ahead are the consolidations in the fund management industry, with fewer people controlling more money, getting all the same information, and making the same bets — with one financial firm crossing the $10 trillion threshold, according to Hu. With so few controlling so much, “who has the size to be their counterparty and take them out of the trade?” he wrote.The lack of adequately sized counterparties on the other side of a trade means unwinding that position becomes more costly. “You can execute, but if you are forced to sell, getting out can be a painful adjustment,” said head trader John Farawell with Roosevelt & Cross, a bond underwriter in New York.Farawell pointed to Friday’s jobs report, which “shocked everybody,” as an example of how easily the herd can turn out to be wrong. “Now the question is if the Fed is going to do a 25 or 50 basis point hike, and when I see everyone looking the same way, a pain trade may occur. With many positioned for a flattening of the curve, it now could be a steepening that’s the next pain trade.”The difficulty with being on the wrong side of a popular bet was highlighted late last year, when hedge funds incurred significant losses from wrong-way positions on the direction of interest rates in the U.S. and across the world. Their need to short-cover, or buy back securities to close out open short positions, was said to be one of the factors contributing to a decline in Treasury yields during early November.An absence of market players may be occurring in other markets, such as crude oil, resulting in bigger swings in prices. The crude-oil market has lost some players during the pandemic, particularly companies that once acted as “circuit breakers,” said Tom Kloza, global head of energy analysis for the Oil Price Information Service. So several exploration and production firms have said they won’t hedge in futures, and “fewer participants translate into more volatility,” Kloza said.Investors now turn their attention to next Thursday’s consumer-price index report, which traders and economists expect to come at around a 7.2% year-over-year headline gain. Traders also expect the February reading to hit 7.4% and March to hit 7.2% before annual CPI starts to taper off down to 3.3% at the end of the year.“There has definitely been binary ways to look at inflation as it affects the market, but there hasn’t been a dispersion of views as much as I would like,” said Rob Daly, director of fixed income at Glenmede Investment Management in Philadelphia.“The next pain trade could come if inflation moderates more quickly than expected, and rates come off quickly, with the 10-year yield falling back down to 1.50% —hurting those that have been positioned for aggressive rate hikes,” he said via phone. “Or it could come from inflation staying durable and the unwinding of risk.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092534637,"gmtCreate":1644659213013,"gmtModify":1676533951331,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Go go BNTX!","listText":"Go go BNTX!","text":"Go go BNTX!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092534637","repostId":"1118167309","repostType":4,"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801188880,"gmtCreate":1627487853140,"gmtModify":1703491041513,"author":{"id":"3575167312587173","authorId":"3575167312587173","name":"Goget","avatar":"https://static.tigerbbs.com/ff3a18589764244b3c1958d8bb624c3d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575167312587173","authorIdStr":"3575167312587173"},"themes":[],"htmlText":"Waiting patiently for the price to go back up…","listText":"Waiting patiently for the price to go back up…","text":"Waiting patiently for the price to go back up…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801188880","repostId":"2154760924","repostType":4,"repost":{"id":"2154760924","kind":"highlight","pubTimestamp":1627486053,"share":"https://ttm.financial/m/news/2154760924?lang=&edition=fundamental","pubTime":"2021-07-28 23:27","market":"us","language":"en","title":"Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought","url":"https://stock-news.laohu8.com/highlight/detail?id=2154760924","media":"Motley Fool","summary":"Growth stocks are moving, and the popular ETF money manager is making moves. Let's dive into her shopping list to see some of the stocks she bought on Tuesday.","content":"<p>Last year was huge for ARK Invest CEO Cathie Wood. Her penchant for disruptive growth stocks helped her ARK Invest family of exchange-traded funds (ETFs) soar in 2020. Wood's universe of growth stocks corrected sharply earlier this year but her funds are making a comeback these days.</p>\n<p>Wood did a lot of shopping on Tuesday, buying into some stocks that are trading well below their previous highs. She added to her existing positions in <b>Roblox</b>&nbsp;(NYSE:RBLX), <b>Coinbase Global</b> (NASDAQ:COIN), and <b>Teladoc Health</b> (NYSE:TDOC), three promising stocks fetching 27% to 51% less than they were just a couple of months ago. Let's take a closer look at why these are names that Wood likes here.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F635515%2Fgettyimages-758286251.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"589\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2>Roblox</h2>\n<p>Roblox operates a fast-growing virtual destination where its mostly young members play games, earn rewards, and explore user-created 3D realms. It went public in March. Growth is explosive -- and accelerating. Roblox has seen its revenue go from growing 56% in 2019 to 82% in 2020. Revenue exploded 140% higher in the first quarter of this year.</p>\n<p>There were 43 million users by the end of March, up 37% over the past year. A lack of profitability is a concern, but Roblox continues to improve its ability to monetize its platform. Wood was trimming her Roblox position in early June, but she's been buying back the stock in recent weeks.</p>\n<h2>Coinbase</h2>\n<p>Another recent IPO that Wood has been buying aggressively is Coinbase. The leading cryptocurrency marketplace may have timed its debut poorly. It went public in April, just as the leading cryptocurrencies were peaking. It's been a rough run for crypto, but digital currencies are moving higher for the second week in a row.</p>\n<p>Coinbase has proven magnetic for crypto traders. Revenue rose 845% in the first quarter of this year, and -- no -- that's not a typo. Wood buying shares of Coinbase is becoming old hat for ARK Invest. Tuesday's purchase makes it 66 times that the stock has been added to its funds. It's now the sixth largest holding across all of Wood's funds.</p>\n<h2>Teladoc</h2>\n<p>There are only five stocks that Wood's funds own more of than Coinbase, and <a href=\"https://laohu8.com/S/AONE.U\">one</a> of them is Teladoc. The telehealth specialist is the second-largest holding at ARK Invest, and Tuesday's purchase may seem to be a case of bad timing.</p>\n<p>Teladoc stock tumbled initially after posting disappointing financial results following Tuesday's market close. Teladoc continues to be a popular choice for folks seeking remote medical attention, and its Livongo Health acquisition offers some intriguing opportunities for synergy between the two high-tech platforms.</p>\n<p>The second quarter itself was decent. Revenue more than doubled, slightly ahead of expectations. Teladoc's widening deficit is problematic, but this isn't a bottom-line growth story at this stage. Guidance was uninspiring, particularly with its forecast that it will lose at least $3.60 a share this year. However, it is encouraging to see that folks haven't gone back to waiting rooms now even as businesses are opening back up. Teladoc's value and convenience propositions resonate with folks seeking medical assistance. The stock had already shed more than half of its value before Wednesday's market reaction to the fresh financials, but you have to like Teladoc's chances for a full recovery.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought</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 Goes Bargain Hunting: 3 Stocks She Just Bought\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/28/cathie-wood-goes-bargain-hunting-3-stocks-she-just/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last year was huge for ARK Invest CEO Cathie Wood. Her penchant for disruptive growth stocks helped her ARK Invest family of exchange-traded funds (ETFs) soar in 2020. Wood's universe of growth stocks...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/28/cathie-wood-goes-bargain-hunting-3-stocks-she-just/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation","COIN":"Coinbase Global, Inc.","TDOC":"Teladoc Health Inc."},"source_url":"https://www.fool.com/investing/2021/07/28/cathie-wood-goes-bargain-hunting-3-stocks-she-just/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154760924","content_text":"Last year was huge for ARK Invest CEO Cathie Wood. Her penchant for disruptive growth stocks helped her ARK Invest family of exchange-traded funds (ETFs) soar in 2020. Wood's universe of growth stocks corrected sharply earlier this year but her funds are making a comeback these days.\nWood did a lot of shopping on Tuesday, buying into some stocks that are trading well below their previous highs. She added to her existing positions in Roblox (NYSE:RBLX), Coinbase Global (NASDAQ:COIN), and Teladoc Health (NYSE:TDOC), three promising stocks fetching 27% to 51% less than they were just a couple of months ago. Let's take a closer look at why these are names that Wood likes here.\nImage source: Getty Images.\nRoblox\nRoblox operates a fast-growing virtual destination where its mostly young members play games, earn rewards, and explore user-created 3D realms. It went public in March. Growth is explosive -- and accelerating. Roblox has seen its revenue go from growing 56% in 2019 to 82% in 2020. Revenue exploded 140% higher in the first quarter of this year.\nThere were 43 million users by the end of March, up 37% over the past year. A lack of profitability is a concern, but Roblox continues to improve its ability to monetize its platform. Wood was trimming her Roblox position in early June, but she's been buying back the stock in recent weeks.\nCoinbase\nAnother recent IPO that Wood has been buying aggressively is Coinbase. The leading cryptocurrency marketplace may have timed its debut poorly. It went public in April, just as the leading cryptocurrencies were peaking. It's been a rough run for crypto, but digital currencies are moving higher for the second week in a row.\nCoinbase has proven magnetic for crypto traders. Revenue rose 845% in the first quarter of this year, and -- no -- that's not a typo. Wood buying shares of Coinbase is becoming old hat for ARK Invest. Tuesday's purchase makes it 66 times that the stock has been added to its funds. It's now the sixth largest holding across all of Wood's funds.\nTeladoc\nThere are only five stocks that Wood's funds own more of than Coinbase, and one of them is Teladoc. The telehealth specialist is the second-largest holding at ARK Invest, and Tuesday's purchase may seem to be a case of bad timing.\nTeladoc stock tumbled initially after posting disappointing financial results following Tuesday's market close. Teladoc continues to be a popular choice for folks seeking remote medical attention, and its Livongo Health acquisition offers some intriguing opportunities for synergy between the two high-tech platforms.\nThe second quarter itself was decent. Revenue more than doubled, slightly ahead of expectations. Teladoc's widening deficit is problematic, but this isn't a bottom-line growth story at this stage. Guidance was uninspiring, particularly with its forecast that it will lose at least $3.60 a share this year. However, it is encouraging to see that folks haven't gone back to waiting rooms now even as businesses are opening back up. Teladoc's value and convenience propositions resonate with folks seeking medical assistance. The stock had already shed more than half of its value before Wednesday's market reaction to the fresh financials, but you have to like Teladoc's chances for a full recovery.","news_type":1},"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}