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02-28

$Amplify Transformational Data Sharing ETF(BLOK)$ looks undervalued as #BTC goes to the moon.

2021-09-14

moon!!

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2021-09-12

To the moon!

Can Coinbase Stock Turbocharge Your Portfolio?

2021-09-11

To the moon

Wall Street ends down, Apple sinks on app store ruling

2021-09-10

To the moon!

Significant Upside Potential In XPeng's Valuation

2021-09-09

Fight back to the moon!

Wall Street ends lower, weighed down by Big Tech

2021-09-08

To the moon!

S&P 500 ends down, Big Tech lifts Nasdaq to record

2021-09-07

To the moon!

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2021-09-04

Moon

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2021-09-02

To the moon!

Tech stocks send Nasdaq to fresh record close, boost S&P

2021-08-31

Sad

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2021-08-30

To the moon

Exploring the Mysteries of Palantir Stock

2021-08-23

Moon

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2021-08-22

Moon

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2021-08-16

To the moon

5 Stocks To Watch For August 16, 2021

2021-08-14

To the moon!

Chasing Tesla: Here are the current electric vehicle plans of every major car maker

2021-08-13

To the moon and sun!

Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.

2021-08-12

To the Sun!

Slowing inflation growth lifts Dow, S&P to records

2021-08-11

TO THE MOON!

Dow, S&P 500 close at records as U.S. infrastructure bill clears Senate

2021-08-10

to the moon!

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Go to Tiger App to see more news

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href=\"https://ttm.financial/S/BLOK\">$Amplify Transformational Data Sharing ETF(BLOK)$ </a> looks undervalued as #BTC goes to the moon.","listText":"<a href=\"https://ttm.financial/S/BLOK\">$Amplify Transformational Data Sharing ETF(BLOK)$ </a> looks undervalued as #BTC goes to the moon.","text":"$Amplify Transformational Data Sharing ETF(BLOK)$ looks undervalued as #BTC goes to the moon.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278987271729208","isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886686620,"gmtCreate":1631585813660,"gmtModify":1676530582687,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"moon!!","listText":"moon!!","text":"moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/886686620","repostId":"1178276551","repostType":4,"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888003339,"gmtCreate":1631410874321,"gmtModify":1676530542275,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888003339","repostId":"2166772293","repostType":4,"repost":{"id":"2166772293","pubTimestamp":1631410204,"share":"https://www.laohu8.com/m/news/2166772293?lang=&edition=full","pubTime":"2021-09-12 09:30","market":"us","language":"en","title":"Can Coinbase Stock Turbocharge Your Portfolio?","url":"https://stock-news.laohu8.com/highlight/detail?id=2166772293","media":"Motley Fool","summary":"It would be a mistake to blindly dismiss the opportunity this cryptocurrency stock offers.","content":"<p>During its brief history as a publicly-traded company, cryptocurrency exchange <b>Coinbase Global</b> (NASDAQ:COIN) has surpassed expectations by an incredible margin. For example, analysts believed the company would report earnings of $2.33 per share in the second quarter of 2021. Coinbase actually delivered earnings of $6.42, outperforming estimates by 176%.</p>\n<p>But according to TipRanks, analysts are extremely divided on Coinbase stock, which trades at about $260 per share as of this writing. Price targets are as high as $500 and as low as $220. Clearly, Wall Street doesn't know what to make of this company.</p>\n<p>Sometimes, confusion like this presents an opportunity for those who can see through it. It's unclear whether this applies to Coinbase stock, but there does appear to be underappreciated upside here.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed9498a97a55f6908c77143577ad55d2\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: Coinbase Global.</span></p>\n<h2>Growing the core business</h2>\n<p>Coinbase has two primary sets of customers: institutional investors like hedge funds and retail investors like you and me. The company generated 88% of its total revenue in the second quarter by charging fees for trades. But even though institutional investors have far more assets on the platform and trade more often, 95% of this transactional revenue came from retail investors.</p>\n<p>Coinbase needs to better monetize institutional investors, but for now, let's accept the business model for what it is. Based on the numbers we've seen, it must grow its retail investor user base to grow its core business, and it has a couple of ways to do this.</p>\n<p>First, Coinbase can grow the list of cryptocurrencies that it supports. For those unaware, there are <i>thousands</i> of cryptocurrencies, and each <a href=\"https://laohu8.com/S/AONE.U\">one</a> requires particular support infrastructure. You can't just throw them up on the platform.</p>\n<p>To the company's credit, it added 22 new crypto-assets in the second quarter alone, a quarterly record. And perhaps this is part of the reason it has seen strong user growth. It had 8.8 million monthly transacting users in the second quarter, versus just 1.5 million in the same quarter last year.</p>\n<p>Second, Coinbase can launch internationally. Right now the company is working on entering Germany and Japan. It's a challenge, because every country has its own regulations regarding cryptocurrencies. However, with such a small user base, Coinbase has a shot at outsized growth by widening its net overseas.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59a6546d426e2aaec900cfc50ff94439\" tg-width=\"700\" tg-height=\"393\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2>Exercising optionality</h2>\n<p>Many investors rightly approach Coinbase stock with great caution. Cryptocurrency has historically been volatile, motivating people to trade often. Remember: The company disproportionately profits with frequent transactions. Therefore, if trading decreases with increased cryptocurrency stability, its business model could fall apart.</p>\n<p>However, consider two things. First, potential Coinbase investors are being compensated for this risk with a cheaply valued stock. The company is very profitable and trades at just 22 times <i>trailing</i> earnings, according to data from YCharts, an almost unheard-of valuation for a fintech stock.</p>\n<p>Second, Coinbase is plowing its cash back into the business. According to management, its capital allocation strategy has 70% of capital invested to improve the core business, 20% used for strategic investments, and 10% spent innovating with new products. Experienced investors will recognize this last item as the desirable trait called optionality.</p>\n<p>Here are two examples of Coinbase's optionality. First, the company supports popular cryptocurrency <b>Bitcoin</b>. But it now has a feature called Bitcoin Borrow, allowing users to borrow money using Bitcoin as collateral. It also recently launched Coinbase Card from <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> so users can spend their cryptocurrency on everyday purchases.</p>\n<p>A more compelling example of this optionality is Coinbase Cloud. Cryptocurrencies live on blockchains, but they're not the only thing that can be built on the underlying blockchain technology. Various decentralized applications can also be built on blockchains, and Coinbase wants its cloud product to become <i>the</i> de facto way these are built. Management envisions Coinbase Cloud becoming like&nbsp;<b>Amazon</b> Web Services but for cryptoccurency. This could be an enormous opportunity if cryptocurrency becomes a bigger and enduring movement.</p>\n<h2>A portfolio turbocharger?</h2>\n<p>In summary, Coinbase stock is a risky investment, because its primary source of revenue has questionable longevity. However, one can't dismiss the company completely, because its current growth gives it the optionality afforded by its significant financial resources. Its non-transaction-based revenue has increased more than 15 times over just the past 12 months, so it's clear Coinbase is mitigating risks to its core business by developing other revenue streams.</p>\n<p>The cryptocurrency space is still young so it's hard to predict what it will look like in five to 10 years. However, if you believe cryptocurrency is still in the early innings, then Coinbase stock looks like it might be worth adding to a&nbsp;diversified portfolio.</p>\n<p>However, I wouldn't make a large bet on Coinbase stock today.&nbsp;The risk that cryptocurrency trading volumes could decrease still stands. But if this company executes on its vision, then even a small portfolio allocation could boost your overall returns in the years to come.</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>Can Coinbase Stock Turbocharge Your Portfolio?</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\">\nCan Coinbase Stock Turbocharge Your Portfolio?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-12 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/11/can-coinbase-stock-turbocharge-your-portfolio/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>During its brief history as a publicly-traded company, cryptocurrency exchange Coinbase Global (NASDAQ:COIN) has surpassed expectations by an incredible margin. For example, analysts believed the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/11/can-coinbase-stock-turbocharge-your-portfolio/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.fool.com/investing/2021/09/11/can-coinbase-stock-turbocharge-your-portfolio/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166772293","content_text":"During its brief history as a publicly-traded company, cryptocurrency exchange Coinbase Global (NASDAQ:COIN) has surpassed expectations by an incredible margin. For example, analysts believed the company would report earnings of $2.33 per share in the second quarter of 2021. Coinbase actually delivered earnings of $6.42, outperforming estimates by 176%.\nBut according to TipRanks, analysts are extremely divided on Coinbase stock, which trades at about $260 per share as of this writing. Price targets are as high as $500 and as low as $220. Clearly, Wall Street doesn't know what to make of this company.\nSometimes, confusion like this presents an opportunity for those who can see through it. It's unclear whether this applies to Coinbase stock, but there does appear to be underappreciated upside here.\nImage source: Coinbase Global.\nGrowing the core business\nCoinbase has two primary sets of customers: institutional investors like hedge funds and retail investors like you and me. The company generated 88% of its total revenue in the second quarter by charging fees for trades. But even though institutional investors have far more assets on the platform and trade more often, 95% of this transactional revenue came from retail investors.\nCoinbase needs to better monetize institutional investors, but for now, let's accept the business model for what it is. Based on the numbers we've seen, it must grow its retail investor user base to grow its core business, and it has a couple of ways to do this.\nFirst, Coinbase can grow the list of cryptocurrencies that it supports. For those unaware, there are thousands of cryptocurrencies, and each one requires particular support infrastructure. You can't just throw them up on the platform.\nTo the company's credit, it added 22 new crypto-assets in the second quarter alone, a quarterly record. And perhaps this is part of the reason it has seen strong user growth. It had 8.8 million monthly transacting users in the second quarter, versus just 1.5 million in the same quarter last year.\nSecond, Coinbase can launch internationally. Right now the company is working on entering Germany and Japan. It's a challenge, because every country has its own regulations regarding cryptocurrencies. However, with such a small user base, Coinbase has a shot at outsized growth by widening its net overseas.\nImage source: Getty Images.\nExercising optionality\nMany investors rightly approach Coinbase stock with great caution. Cryptocurrency has historically been volatile, motivating people to trade often. Remember: The company disproportionately profits with frequent transactions. Therefore, if trading decreases with increased cryptocurrency stability, its business model could fall apart.\nHowever, consider two things. First, potential Coinbase investors are being compensated for this risk with a cheaply valued stock. The company is very profitable and trades at just 22 times trailing earnings, according to data from YCharts, an almost unheard-of valuation for a fintech stock.\nSecond, Coinbase is plowing its cash back into the business. According to management, its capital allocation strategy has 70% of capital invested to improve the core business, 20% used for strategic investments, and 10% spent innovating with new products. Experienced investors will recognize this last item as the desirable trait called optionality.\nHere are two examples of Coinbase's optionality. First, the company supports popular cryptocurrency Bitcoin. But it now has a feature called Bitcoin Borrow, allowing users to borrow money using Bitcoin as collateral. It also recently launched Coinbase Card from Visa so users can spend their cryptocurrency on everyday purchases.\nA more compelling example of this optionality is Coinbase Cloud. Cryptocurrencies live on blockchains, but they're not the only thing that can be built on the underlying blockchain technology. Various decentralized applications can also be built on blockchains, and Coinbase wants its cloud product to become the de facto way these are built. Management envisions Coinbase Cloud becoming like Amazon Web Services but for cryptoccurency. This could be an enormous opportunity if cryptocurrency becomes a bigger and enduring movement.\nA portfolio turbocharger?\nIn summary, Coinbase stock is a risky investment, because its primary source of revenue has questionable longevity. However, one can't dismiss the company completely, because its current growth gives it the optionality afforded by its significant financial resources. Its non-transaction-based revenue has increased more than 15 times over just the past 12 months, so it's clear Coinbase is mitigating risks to its core business by developing other revenue streams.\nThe cryptocurrency space is still young so it's hard to predict what it will look like in five to 10 years. However, if you believe cryptocurrency is still in the early innings, then Coinbase stock looks like it might be worth adding to a diversified portfolio.\nHowever, I wouldn't make a large bet on Coinbase stock today. The risk that cryptocurrency trading volumes could decrease still stands. But if this company executes on its vision, then even a small portfolio allocation could boost your overall returns in the years to come.","news_type":1},"isVote":1,"tweetType":1,"viewCount":782,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881877666,"gmtCreate":1631327219855,"gmtModify":1676530529559,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881877666","repostId":"2166711943","repostType":4,"repost":{"id":"2166711943","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":1631315453,"share":"https://www.laohu8.com/m/news/2166711943?lang=&edition=full","pubTime":"2021-09-11 07:10","market":"us","language":"en","title":"Wall Street ends down, Apple sinks on app store ruling","url":"https://stock-news.laohu8.com/highlight/detail?id=2166711943","media":"Reuters","summary":"Sept 10  - Wall Street ended sharply lower on Friday as investors weighed signs of higher inflation, while Apple Inc tumbled following an unfavorable court ruling related to its app store.U.S. producer prices rose solidly in August, leading to the biggest annual gain in nearly 11 years and indicating that high inflation was likely to persist as the pandemic pressures supply chains, data showed.Sentiment also took a hit from Cleveland Federal Reserve Bank President Loretta Mester's comments that ","content":"<p>* U.S. producer prices rise solidly in August</p>\n<p>* Apple falls after 'Fortnite' case ruling</p>\n<p>* Kroger falls as shipping woes hurt margins</p>\n<p>Sept 10 (Reuters) - Wall Street ended sharply lower on Friday as investors weighed signs of higher inflation, while Apple Inc tumbled following an unfavorable court ruling related to its app store.</p>\n<p>U.S. producer prices rose solidly in August, leading to the biggest annual gain in nearly 11 years and indicating that high inflation was likely to persist as the pandemic pressures supply chains, data showed.</p>\n<p>Sentiment also took a hit from Cleveland Federal Reserve Bank President Loretta Mester's comments that she would still like the central bank to begin tapering asset purchases this year despite the weak August jobs report.</p>\n<p>The S&amp;P 500 has risen about 19% in 2021, buoyed by support from dovish central bank policies and re-opening optimism.</p>\n<p>However, Wall Street has moved sideways in recent sessions as investor digest indications of increased inflation and concerns about the Delta variant's impact on the economic recovery. Investors are also uncertain about when the Federal Reserve may begin reducing massive measures enacted last year to shield the economy from the pandemic.</p>\n<p>\"The market is taking a breather,\" said Greg Bassuk, CEO of AXS Investments. \"Investors are looking for some outsized news or information that is beyond the band of expectations, something much more outsized, positively or negatively, that will give investors better visibility into how things are going to look for the balance of the year.\"</p>\n<p>Apple dropped 3.3% after a judge struck down a core part of its App Store rules, benefiting app makers. Its drop contributed more than any other stocks to the Nasdaq and S&amp;P 500's declines.</p>\n<p>Shares of app makers rallied, with Spotify Technology&nbsp;up 0.7%, and Activision Blizzard and Electronic Arts both gaining about 2%.</p>\n<p>Losses in the three main indexes accelerated toward the end of the session.</p>\n<p>The Dow Jones Industrial Average fell 0.78% to close at 34,607.72 points, while the S&amp;P 500 lost 0.77% to 4,458.58.</p>\n<p>The Nasdaq Composite dropped 0.87% to 15,115.49.</p>\n<p>For the week, the S&amp;P 500 lost 1.7%, the Dow declined 2.15% and the Nasdaq shed 1.61%.</p>\n<p>Friday was the first time since February that the S&amp;P 500 declined five days in a row.</p>\n<p>All of the eleven S&amp;P 500 sector indexes fell, with real estate and utilities each down more than 1% and leading the declines.</p>\n<p>Affirm&nbsp;Exploded 34% on Robust Revenue Growth and Guidance, Analysts Impressive Amid Faster Than Expected Merchant and Customer Growth.</p>\n<p>Grocer Kroger Co slumped nearly 8% after it said global supply chain disruptions, freight costs, discounts and wastage would hit its profit margins.</p>\n<p>Volume on U.S. exchanges was 10.0 billion shares, compared with the 9.2 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.84-to-1 ratio; on Nasdaq, a 1.88-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 15 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 55 new highs and 47 new lows.</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>Wall Street ends down, Apple sinks on app store ruling</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\">\nWall Street ends down, Apple sinks on app store ruling\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\">2021-09-11 07:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* U.S. producer prices rise solidly in August</p>\n<p>* Apple falls after 'Fortnite' case ruling</p>\n<p>* Kroger falls as shipping woes hurt margins</p>\n<p>Sept 10 (Reuters) - Wall Street ended sharply lower on Friday as investors weighed signs of higher inflation, while Apple Inc tumbled following an unfavorable court ruling related to its app store.</p>\n<p>U.S. producer prices rose solidly in August, leading to the biggest annual gain in nearly 11 years and indicating that high inflation was likely to persist as the pandemic pressures supply chains, data showed.</p>\n<p>Sentiment also took a hit from Cleveland Federal Reserve Bank President Loretta Mester's comments that she would still like the central bank to begin tapering asset purchases this year despite the weak August jobs report.</p>\n<p>The S&amp;P 500 has risen about 19% in 2021, buoyed by support from dovish central bank policies and re-opening optimism.</p>\n<p>However, Wall Street has moved sideways in recent sessions as investor digest indications of increased inflation and concerns about the Delta variant's impact on the economic recovery. Investors are also uncertain about when the Federal Reserve may begin reducing massive measures enacted last year to shield the economy from the pandemic.</p>\n<p>\"The market is taking a breather,\" said Greg Bassuk, CEO of AXS Investments. \"Investors are looking for some outsized news or information that is beyond the band of expectations, something much more outsized, positively or negatively, that will give investors better visibility into how things are going to look for the balance of the year.\"</p>\n<p>Apple dropped 3.3% after a judge struck down a core part of its App Store rules, benefiting app makers. Its drop contributed more than any other stocks to the Nasdaq and S&amp;P 500's declines.</p>\n<p>Shares of app makers rallied, with Spotify Technology&nbsp;up 0.7%, and Activision Blizzard and Electronic Arts both gaining about 2%.</p>\n<p>Losses in the three main indexes accelerated toward the end of the session.</p>\n<p>The Dow Jones Industrial Average fell 0.78% to close at 34,607.72 points, while the S&amp;P 500 lost 0.77% to 4,458.58.</p>\n<p>The Nasdaq Composite dropped 0.87% to 15,115.49.</p>\n<p>For the week, the S&amp;P 500 lost 1.7%, the Dow declined 2.15% and the Nasdaq shed 1.61%.</p>\n<p>Friday was the first time since February that the S&amp;P 500 declined five days in a row.</p>\n<p>All of the eleven S&amp;P 500 sector indexes fell, with real estate and utilities each down more than 1% and leading the declines.</p>\n<p>Affirm&nbsp;Exploded 34% on Robust Revenue Growth and Guidance, Analysts Impressive Amid Faster Than Expected Merchant and Customer Growth.</p>\n<p>Grocer Kroger Co slumped nearly 8% after it said global supply chain disruptions, freight costs, discounts and wastage would hit its profit margins.</p>\n<p>Volume on U.S. exchanges was 10.0 billion shares, compared with the 9.2 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.84-to-1 ratio; on Nasdaq, a 1.88-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 15 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 55 new highs and 47 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EA":"艺电",".SPX":"S&P 500 Index","DIDI":"滴滴(已退市)","KR":"克罗格","ATVI":"动视暴雪","AAPL":"苹果","SPOT":"Spotify Technology S.A.",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166711943","content_text":"* U.S. producer prices rise solidly in August\n* Apple falls after 'Fortnite' case ruling\n* Kroger falls as shipping woes hurt margins\nSept 10 (Reuters) - Wall Street ended sharply lower on Friday as investors weighed signs of higher inflation, while Apple Inc tumbled following an unfavorable court ruling related to its app store.\nU.S. producer prices rose solidly in August, leading to the biggest annual gain in nearly 11 years and indicating that high inflation was likely to persist as the pandemic pressures supply chains, data showed.\nSentiment also took a hit from Cleveland Federal Reserve Bank President Loretta Mester's comments that she would still like the central bank to begin tapering asset purchases this year despite the weak August jobs report.\nThe S&P 500 has risen about 19% in 2021, buoyed by support from dovish central bank policies and re-opening optimism.\nHowever, Wall Street has moved sideways in recent sessions as investor digest indications of increased inflation and concerns about the Delta variant's impact on the economic recovery. Investors are also uncertain about when the Federal Reserve may begin reducing massive measures enacted last year to shield the economy from the pandemic.\n\"The market is taking a breather,\" said Greg Bassuk, CEO of AXS Investments. \"Investors are looking for some outsized news or information that is beyond the band of expectations, something much more outsized, positively or negatively, that will give investors better visibility into how things are going to look for the balance of the year.\"\nApple dropped 3.3% after a judge struck down a core part of its App Store rules, benefiting app makers. Its drop contributed more than any other stocks to the Nasdaq and S&P 500's declines.\nShares of app makers rallied, with Spotify Technology up 0.7%, and Activision Blizzard and Electronic Arts both gaining about 2%.\nLosses in the three main indexes accelerated toward the end of the session.\nThe Dow Jones Industrial Average fell 0.78% to close at 34,607.72 points, while the S&P 500 lost 0.77% to 4,458.58.\nThe Nasdaq Composite dropped 0.87% to 15,115.49.\nFor the week, the S&P 500 lost 1.7%, the Dow declined 2.15% and the Nasdaq shed 1.61%.\nFriday was the first time since February that the S&P 500 declined five days in a row.\nAll of the eleven S&P 500 sector indexes fell, with real estate and utilities each down more than 1% and leading the declines.\nAffirm Exploded 34% on Robust Revenue Growth and Guidance, Analysts Impressive Amid Faster Than Expected Merchant and Customer Growth.\nGrocer Kroger Co slumped nearly 8% after it said global supply chain disruptions, freight costs, discounts and wastage would hit its profit margins.\nVolume on U.S. exchanges was 10.0 billion shares, compared with the 9.2 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.84-to-1 ratio; on Nasdaq, a 1.88-to-1 ratio favored decliners.\nThe S&P 500 posted 15 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 55 new highs and 47 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883262336,"gmtCreate":1631245278925,"gmtModify":1676530507783,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/883262336","repostId":"1109335825","repostType":4,"repost":{"id":"1109335825","pubTimestamp":1631244962,"share":"https://www.laohu8.com/m/news/1109335825?lang=&edition=full","pubTime":"2021-09-10 11:36","market":"hk","language":"en","title":"Significant Upside Potential In XPeng's Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=1109335825","media":"Seeking Alpha","summary":"Summary\n\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two mode","content":"<p><b>Summary</b></p>\n<ul>\n <li>Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7.</li>\n <li>The company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras.</li>\n <li>XPEV will most likely deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla.</li>\n <li>I designed a DCF model including FCF/Sales of 8%-7% and sales growth of 30%-28% from 2026 to 2030. The implied stock price is equal to $114-$157.</li>\n <li>I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f094bec5a7e731c30721c91e342c6b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>SimonSkafar/E+ via Getty Images</span></p>\n<p>With billions invested in new XPILOT technologies, XPeng (XPEV) could surprise drivers when the management delivers the new technology. The company also has a significant amount of cash to invest in marketing in China and internationally. With this in mind and assuming that XPEV will look like Tesla (TSLA) in the future, I designed a DCF model. I used FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The company’s implied valuation is close to $114-157. There is significant upside potential in the company’s valuation.</p>\n<p><b>Business: New XPILOT Technologies And International Expansion</b></p>\n<p>Founded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called&nbsp;P7:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acabdc3dd5b0d0c462eba459a9e1e1bb\" tg-width=\"1238\" tg-height=\"828\" width=\"100%\" height=\"auto\"><span>Source: Company’s Website</span></p>\n<p>The company’s cars come with XPILOT 2.5, but will soon incorporate&nbsp;XPILOT 3.5&nbsp;and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras. In my opinion, when investors learn about the new technologies that XPEV is about to release, the demand for the stock will increase:</p>\n<blockquote>\n The new architecture comprises 32 perception sensors (including 2 LiDAR units, 12 ultrasonic sensors, 5 millimeter-wave radars, and 13 high-resolution cameras) and 1 high-precision positioning unit (GNSS + IMU), integrated into 360° dual-perception fusion to provide sufficient redundancy across the perception sensors to handle challenging and complex road conditions. Source: YouTube\n</blockquote>\n<p>In my opinion, the other catalyst for the stock is the company’s international expansion. I don’t think investors are taking into account that close to 5% of XPEV’s net proceeds from recent sales of equity are being used for expanding the company’s presence in&nbsp;Europe&nbsp;and elsewhere. If you factor in the market opportunity outside China, XPEV’s future free cash flow explodes up:</p>\n<blockquote>\n Approximately 5% (approximately HK$689.0 million) of the net proceeds is expected to be used for strategically building and expanding our presence in international markets, starting with certain European markets. Source:Prospectus\n</blockquote>\n<p><b>Financial Situation: Significant Amount Of Cash</b></p>\n<p>In June 2021, XPEV reported $7 billion in total assets, including $4.3 billion in cash and short-term deposits, and liabilities worth $2 billion. With these financial figures, I believe that the company has the financial power to invest in research and developments as well as marketing efforts. The company has everything needed to enhance sales growth:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e2abf76887014f48a87c9c7a7029035\" tg-width=\"1280\" tg-height=\"451\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p>\n<p>As of June 30, 2021, XPEV reported $247 million in long-term borrowings. The company’s long-term borrowings don’t seem worrying. That’s not all. XPEV reports a significant amount of deferred revenue, which means that clients pay in advance to have the company’s products. It means two things. First, the company may not have to talk to bankers because clients finance the development of cars. Second, there is a significant demand for XPEV’s products:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/397f5fd8052072ff7a3b46566ef81f21\" tg-width=\"710\" tg-height=\"545\" width=\"100%\" height=\"auto\"><span>Source: 10-Q</span></p>\n<p><b>Base Case Scenario</b></p>\n<p>In my view, if the company continues to offer innovative technologies, sales growth will remain elevated. In the base case scenario, I assumed that the company will introduce its XPILOT 3.5 and XPILOT 4.0 to support the next-generation autonomous driving hardware. Besides, I also assumed that the company will successfully redesign its powertrain and E/E architecture to offer cost efficiency, and compete with vehicles of NIO (NIO) or Tesla(NASDAQ:TSLA).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8c3ebcbc58030fe748c5eada31f3b2c\" tg-width=\"1153\" tg-height=\"763\" width=\"100%\" height=\"auto\"><span>Source: XPILOT - YouTube</span></p>\n<p>I would also expect XPEV to increase the monetization of software and content offerings like the company has done in monetizing its XPILOT tools. Besides, if the company successfully collaborates with third-party app developers, I would be expecting XPEV to find many more monetization models.</p>\n<p>In my view, with these assumptions, XPEV will be able to deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla. The American company delivered more than 240% sales growth from 2012 to 2014, and then around 29-33% from 2016 to 2021:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b1c352dfb330231a94c71f9fcdb2ff9\" tg-width=\"810\" tg-height=\"540\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p>\n<p>I also looked at the profitability of Tesla to understand when XPEV could start delivering cash flow from operations. Tesla took close to 14-16 years to offer positive and significant cash flow from operations. XPEV will most likely be faster because it may obtain certain strategic information from the vehicles of NIO and Tesla. With that, I will be assuming that after 14-16 years of the creation of the company, XPEV’s cash flow will be positive:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/268a9c3e5020079c07fc78fdf0bb2948\" tg-width=\"806\" tg-height=\"537\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p>\n<p>My cash flow figures are given in the table below. I expect negative cash flow from operations from 2021 to 2027 and a gradual increase from 2028 to 2030. In 2030, I assumed sales growth of 25%, Capex/sales of 4%, and FCF/Sales of 6%. Tesla’s FCF/Sales is currently equal to 8%. However, I used a free cash flow margin lower than that of Tesla because I expect many new entrants in the electric vehicle industry:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e70c302478a243eabc9687737d71948\" tg-width=\"1280\" tg-height=\"398\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p>\n<p>I assumed a&nbsp;WACC of 7.26%, which is pretty much close to that of other vehicle manufacturers in China. I am not becoming very conservative or very optimistic. I am using what the market thinks about the XPEV’s risks:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ea2f16d5b605e6c3a231c197b1e9a8\" tg-width=\"494\" tg-height=\"362\" width=\"100%\" height=\"auto\"><span>Source: XPeng WACC % | XPEV - GuruFocus.com</span></p>\n<p>With a 2031 FCF of CNY18 billion, an exit multiple of 67x, net debt close to -CNY27 billion, and a share count of 796 million, the implied share price is equal to CNY796. If we use dollars, the fair value is close to $114. Traders are currently buying shares at a deep discount, at $39. For some reason, given the most recent price dynamics, I would say that investors are accumulating shares at $36-40:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5237646731308cc5239ea12ad336e3e3\" tg-width=\"1280\" tg-height=\"354\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60a625f99f6ab5e57589f74eee5d0738\" tg-width=\"1088\" tg-height=\"297\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p>\n<p><b>Optimistic Case Scenario</b></p>\n<p>Under my optimistic case scenario, XPEV would expand significantly its presence in physical stores in cities, so the company’s EVs will find demand. Besides, the company would increase its marketing efforts, and the network of XPeng-branded supercharging stations would substantially expand.</p>\n<p>Besides, under this case scenario, the company will be able to sell outside China. In 2020, the company delivered the first batch of the G3 in Norway. If XPEV can sell all over Europe, I believe that sales growth will remain high:</p>\n<blockquote>\n We plan to continue to expand into other international markets, starting with certain European markets. We aim to build and enhance our overseas sales and services capability, and to adapt the user interfaces of our software systems to optimize our products and services for consumers in overseas markets. Source:Prospectus\n</blockquote>\n<p>With these new assumptions, I believe that the company’s sales growth would be close to 30-28% from 2026 to 2030. I also assumed CFO/Sales of 5%-11% from 2028 to 2030 and FCF/Sales of 8%-7%:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c9943f75ddd7cff700777aa946436fa\" tg-width=\"1280\" tg-height=\"271\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p>\n<p>Under this case scenario, the company’s sales growth is larger than that in the base case scenario. Both the free cash flow margin and the CFO margin are also more significant. Hence, I used an exit multiple of 87x, which is larger than that in the base case scenario.</p>\n<p>I used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility. Putting everything together, I obtained a share price of $157.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72ffa20f2e1a2f66bbad67c59ef709f7\" tg-width=\"1280\" tg-height=\"352\" width=\"100%\" height=\"auto\"><span>Source: My Figures Based On Tesla’s Figures</span></p>\n<p><b>R&amp;D Activities May Not Be Successful</b></p>\n<p>In my opinion, XPEV’s main strategy comes from investments in research and development. The company’s innovations in autonomous driving, powertrain, and E/E architecture will most likely define the company’s future success. With that, if the company’s R&amp;D efforts fail against that of competitors, the company’s reputation may be damaged. As a result, I would be expecting a decline in the revenue line. In this case scenario, the expectations for free cash flow will decline, which may lead to a reduction in the company’s valuation.</p>\n<p><b>Autonomous Driving Technologies And Accidents</b></p>\n<p>XPEV will most likely suffer, like Tesla, from accidents associated with autonomous driving systems. These events may negatively affect public perception, and will most likely trigger government scrutiny and further regulation. Regulations in China, Europe, or the United States could damage the company’s revenue line or diminish XPEV’s free cash flow margins. But that’s not all. XPEV may also cancel the orders already placed by the customers, which will most likely lead to a decrease in the free cash flow expectations. As a result, the company’s fair value could decline.</p>\n<p><b>Conclusion</b></p>\n<p>XPEV is investing a significant amount of dollars in research and development to offer its new XPILOT technologies and E/E architecture. The company also has a significant amount of cash to finance marketing efforts in China and outside China. I believe that the company’s financial figures will be close to that of Tesla. With this in mind, I designed a DCF model including FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The implied stock price is equal to $114-157, which stands above the company’s current stock price.</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>Significant Upside Potential In XPeng's Valuation</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\">\nSignificant Upside Potential In XPeng's Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-10 11:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4454414-xpeng-stock-significant-upside-potential-in-its-valuation><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7.\nThe company’s cars come ...</p>\n\n<a href=\"https://seekingalpha.com/article/4454414-xpeng-stock-significant-upside-potential-in-its-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"source_url":"https://seekingalpha.com/article/4454414-xpeng-stock-significant-upside-potential-in-its-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109335825","content_text":"Summary\n\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7.\nThe company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras.\nXPEV will most likely deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla.\nI designed a DCF model including FCF/Sales of 8%-7% and sales growth of 30%-28% from 2026 to 2030. The implied stock price is equal to $114-$157.\nI used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility.\n\nSimonSkafar/E+ via Getty Images\nWith billions invested in new XPILOT technologies, XPeng (XPEV) could surprise drivers when the management delivers the new technology. The company also has a significant amount of cash to invest in marketing in China and internationally. With this in mind and assuming that XPEV will look like Tesla (TSLA) in the future, I designed a DCF model. I used FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The company’s implied valuation is close to $114-157. There is significant upside potential in the company’s valuation.\nBusiness: New XPILOT Technologies And International Expansion\nFounded in 2014, XPeng is a Chinese electric vehicle manufacturer. The company has two models, the G3, which is a sport utility vehicle, and a smart sedan called P7:\nSource: Company’s Website\nThe company’s cars come with XPILOT 2.5, but will soon incorporate XPILOT 3.5 and XPILOT 4.0. The new technology will include many more perception sensors including radars and high-resolution cameras. In my opinion, when investors learn about the new technologies that XPEV is about to release, the demand for the stock will increase:\n\n The new architecture comprises 32 perception sensors (including 2 LiDAR units, 12 ultrasonic sensors, 5 millimeter-wave radars, and 13 high-resolution cameras) and 1 high-precision positioning unit (GNSS + IMU), integrated into 360° dual-perception fusion to provide sufficient redundancy across the perception sensors to handle challenging and complex road conditions. Source: YouTube\n\nIn my opinion, the other catalyst for the stock is the company’s international expansion. I don’t think investors are taking into account that close to 5% of XPEV’s net proceeds from recent sales of equity are being used for expanding the company’s presence in Europe and elsewhere. If you factor in the market opportunity outside China, XPEV’s future free cash flow explodes up:\n\n Approximately 5% (approximately HK$689.0 million) of the net proceeds is expected to be used for strategically building and expanding our presence in international markets, starting with certain European markets. Source:Prospectus\n\nFinancial Situation: Significant Amount Of Cash\nIn June 2021, XPEV reported $7 billion in total assets, including $4.3 billion in cash and short-term deposits, and liabilities worth $2 billion. With these financial figures, I believe that the company has the financial power to invest in research and developments as well as marketing efforts. The company has everything needed to enhance sales growth:\nSource: 10-Q\nAs of June 30, 2021, XPEV reported $247 million in long-term borrowings. The company’s long-term borrowings don’t seem worrying. That’s not all. XPEV reports a significant amount of deferred revenue, which means that clients pay in advance to have the company’s products. It means two things. First, the company may not have to talk to bankers because clients finance the development of cars. Second, there is a significant demand for XPEV’s products:\nSource: 10-Q\nBase Case Scenario\nIn my view, if the company continues to offer innovative technologies, sales growth will remain elevated. In the base case scenario, I assumed that the company will introduce its XPILOT 3.5 and XPILOT 4.0 to support the next-generation autonomous driving hardware. Besides, I also assumed that the company will successfully redesign its powertrain and E/E architecture to offer cost efficiency, and compete with vehicles of NIO (NIO) or Tesla(NASDAQ:TSLA).\nSource: XPILOT - YouTube\nI would also expect XPEV to increase the monetization of software and content offerings like the company has done in monetizing its XPILOT tools. Besides, if the company successfully collaborates with third-party app developers, I would be expecting XPEV to find many more monetization models.\nIn my view, with these assumptions, XPEV will be able to deliver sales growth of close to 30%-25% in the next nine years. Notice that my numbers are not far from the sales growth delivered by Tesla. The American company delivered more than 240% sales growth from 2012 to 2014, and then around 29-33% from 2016 to 2021:\nSource: YCharts\nI also looked at the profitability of Tesla to understand when XPEV could start delivering cash flow from operations. Tesla took close to 14-16 years to offer positive and significant cash flow from operations. XPEV will most likely be faster because it may obtain certain strategic information from the vehicles of NIO and Tesla. With that, I will be assuming that after 14-16 years of the creation of the company, XPEV’s cash flow will be positive:\nSource: YCharts\nMy cash flow figures are given in the table below. I expect negative cash flow from operations from 2021 to 2027 and a gradual increase from 2028 to 2030. In 2030, I assumed sales growth of 25%, Capex/sales of 4%, and FCF/Sales of 6%. Tesla’s FCF/Sales is currently equal to 8%. However, I used a free cash flow margin lower than that of Tesla because I expect many new entrants in the electric vehicle industry:\nSource: My Figures Based On Tesla’s Figures\nI assumed a WACC of 7.26%, which is pretty much close to that of other vehicle manufacturers in China. I am not becoming very conservative or very optimistic. I am using what the market thinks about the XPEV’s risks:\nSource: XPeng WACC % | XPEV - GuruFocus.com\nWith a 2031 FCF of CNY18 billion, an exit multiple of 67x, net debt close to -CNY27 billion, and a share count of 796 million, the implied share price is equal to CNY796. If we use dollars, the fair value is close to $114. Traders are currently buying shares at a deep discount, at $39. For some reason, given the most recent price dynamics, I would say that investors are accumulating shares at $36-40:\nSource: My Figures Based On Tesla’s Figures\nSource: Seeking Alpha\nOptimistic Case Scenario\nUnder my optimistic case scenario, XPEV would expand significantly its presence in physical stores in cities, so the company’s EVs will find demand. Besides, the company would increase its marketing efforts, and the network of XPeng-branded supercharging stations would substantially expand.\nBesides, under this case scenario, the company will be able to sell outside China. In 2020, the company delivered the first batch of the G3 in Norway. If XPEV can sell all over Europe, I believe that sales growth will remain high:\n\n We plan to continue to expand into other international markets, starting with certain European markets. We aim to build and enhance our overseas sales and services capability, and to adapt the user interfaces of our software systems to optimize our products and services for consumers in overseas markets. Source:Prospectus\n\nWith these new assumptions, I believe that the company’s sales growth would be close to 30-28% from 2026 to 2030. I also assumed CFO/Sales of 5%-11% from 2028 to 2030 and FCF/Sales of 8%-7%:\nSource: My Figures Based On Tesla’s Figures\nUnder this case scenario, the company’s sales growth is larger than that in the base case scenario. Both the free cash flow margin and the CFO margin are also more significant. Hence, I used an exit multiple of 87x, which is larger than that in the base case scenario.\nI used a WACC of 6.7% because I am expecting a significant decrease in the company’s volatility, which may diminish the company’s beta. In my view, more sales growth and better margins will most likely increase the demand for the stock and decrease volatility. Putting everything together, I obtained a share price of $157.\nSource: My Figures Based On Tesla’s Figures\nR&D Activities May Not Be Successful\nIn my opinion, XPEV’s main strategy comes from investments in research and development. The company’s innovations in autonomous driving, powertrain, and E/E architecture will most likely define the company’s future success. With that, if the company’s R&D efforts fail against that of competitors, the company’s reputation may be damaged. As a result, I would be expecting a decline in the revenue line. In this case scenario, the expectations for free cash flow will decline, which may lead to a reduction in the company’s valuation.\nAutonomous Driving Technologies And Accidents\nXPEV will most likely suffer, like Tesla, from accidents associated with autonomous driving systems. These events may negatively affect public perception, and will most likely trigger government scrutiny and further regulation. Regulations in China, Europe, or the United States could damage the company’s revenue line or diminish XPEV’s free cash flow margins. But that’s not all. XPEV may also cancel the orders already placed by the customers, which will most likely lead to a decrease in the free cash flow expectations. As a result, the company’s fair value could decline.\nConclusion\nXPEV is investing a significant amount of dollars in research and development to offer its new XPILOT technologies and E/E architecture. The company also has a significant amount of cash to finance marketing efforts in China and outside China. I believe that the company’s financial figures will be close to that of Tesla. With this in mind, I designed a DCF model including FCF/Sales of 8-7% and sales growth of 30-28% from 2026 to 2030. The implied stock price is equal to $114-157, which stands above the company’s current stock price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889233745,"gmtCreate":1631149965887,"gmtModify":1676530480149,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Fight back to the moon!","listText":"Fight back to the moon!","text":"Fight back to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889233745","repostId":"2166392072","repostType":4,"repost":{"id":"2166392072","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":1631142328,"share":"https://www.laohu8.com/m/news/2166392072?lang=&edition=full","pubTime":"2021-09-09 07:05","market":"us","language":"en","title":"Wall Street ends lower, weighed down by Big Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2166392072","media":"Reuters","summary":"* U.S. Fed should trim pandemic stimulus - Bullard\n* Coinbase slumps after SEC threatens to sue\n* Pa","content":"<p>* U.S. Fed should trim pandemic stimulus - Bullard</p>\n<p>* Coinbase slumps after SEC threatens to sue</p>\n<p>* <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> falls after acquiring Japanese buy now, pay later firm</p>\n<p>* Indexes end: Dow -0.20%, S&amp;P 500 -0.13%, Nasdaq -0.57%</p>\n<p>Sept 8 (Reuters) - Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.</p>\n<p>Apple and <a href=\"https://laohu8.com/S/FB\">Facebook</a> fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those two Silicon Valley giants contributed more than any other companies to the S&amp;P 500's decline for the session.</p>\n<p>Investors have become more cautious following Friday's weak August payrolls data, while pressures from rising costs, despite the economy slowing, have increased concerns that the Fed could move sooner than expected to scale back massive monetary measures enacted last year to shield the economy from the coronavirus pandemic.</p>\n<p>The U.S. economy \"downshifted slightly\" in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery, the Fed said on Wednesday in its latest Beige Book compendium of anecdotal reports about the economy.</p>\n<p>The S&amp;P 500 has dipped less than 1% from its record closing high last Thursday, and it remains up 20% year to date, buoyed by the Fed's accommodative monetary policy.</p>\n<p>\"Investors are pulling petals from a daisy, saying, 'The economy will grow, the economy won't grow,'\" said Sam Stovall, chief investment strategist at CFRA. \"They can’t make up their minds, so they have not commitment to long-term positions.\"</p>\n<p>St. Louis Federal Reserve Bank President James Bullard told the Financial Times that the Fed should move forward with a plan to trim its pandemic stimulus program despite a slowdown in job growth.</p>\n<p>Six of the 11 S&amp;P 500 sector indexes fell, with materials&nbsp;and energy the deepest decliners, down over 1% each.</p>\n<p>The Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&amp;P 500 lost 0.13% to 4,514.07.</p>\n<p>The Nasdaq Composite dropped 0.57% to 15,286.64.</p>\n<p>Perrigo Company Plc jumped 9% after the drugmaker said it plans to buy HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management in a deal valued at 1.8 billion euros ($2.13 billion).</p>\n<p>Cryptocurrency exchange Coinbase Global Inc fell 3.2% after the U.S. securities regulator threatened to sue the firm if it goes ahead with plans to launch a crypto lending scheme.</p>\n<p>U.S. payments giant PayPal Holdings Inc declined 2.7% after it said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 2.18-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 32 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 41 new lows.</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>Wall Street ends lower, weighed down by Big Tech</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends lower, weighed down by Big Tech\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\">2021-09-09 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* U.S. Fed should trim pandemic stimulus - Bullard</p>\n<p>* Coinbase slumps after SEC threatens to sue</p>\n<p>* <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> falls after acquiring Japanese buy now, pay later firm</p>\n<p>* Indexes end: Dow -0.20%, S&amp;P 500 -0.13%, Nasdaq -0.57%</p>\n<p>Sept 8 (Reuters) - Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.</p>\n<p>Apple and <a href=\"https://laohu8.com/S/FB\">Facebook</a> fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those two Silicon Valley giants contributed more than any other companies to the S&amp;P 500's decline for the session.</p>\n<p>Investors have become more cautious following Friday's weak August payrolls data, while pressures from rising costs, despite the economy slowing, have increased concerns that the Fed could move sooner than expected to scale back massive monetary measures enacted last year to shield the economy from the coronavirus pandemic.</p>\n<p>The U.S. economy \"downshifted slightly\" in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery, the Fed said on Wednesday in its latest Beige Book compendium of anecdotal reports about the economy.</p>\n<p>The S&amp;P 500 has dipped less than 1% from its record closing high last Thursday, and it remains up 20% year to date, buoyed by the Fed's accommodative monetary policy.</p>\n<p>\"Investors are pulling petals from a daisy, saying, 'The economy will grow, the economy won't grow,'\" said Sam Stovall, chief investment strategist at CFRA. \"They can’t make up their minds, so they have not commitment to long-term positions.\"</p>\n<p>St. Louis Federal Reserve Bank President James Bullard told the Financial Times that the Fed should move forward with a plan to trim its pandemic stimulus program despite a slowdown in job growth.</p>\n<p>Six of the 11 S&amp;P 500 sector indexes fell, with materials&nbsp;and energy the deepest decliners, down over 1% each.</p>\n<p>The Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&amp;P 500 lost 0.13% to 4,514.07.</p>\n<p>The Nasdaq Composite dropped 0.57% to 15,286.64.</p>\n<p>Perrigo Company Plc jumped 9% after the drugmaker said it plans to buy HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management in a deal valued at 1.8 billion euros ($2.13 billion).</p>\n<p>Cryptocurrency exchange Coinbase Global Inc fell 3.2% after the U.S. securities regulator threatened to sue the firm if it goes ahead with plans to launch a crypto lending scheme.</p>\n<p>U.S. payments giant PayPal Holdings Inc declined 2.7% after it said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 2.18-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 32 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 41 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QID":"纳指两倍做空ETF","UDOW":"道指三倍做多ETF-ProShares","SDS":"两倍做空标普500ETF","DOG":"道指反向ETF","AAPL":"苹果","DJX":"1/100道琼斯","DXD":"道指两倍做空ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","PSQ":"纳指反向ETF","TQQQ":"纳指三倍做多ETF","QLD":"纳指两倍做多ETF","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","COIN":"Coinbase Global, Inc.","UPRO":"三倍做多标普500ETF","OEX":"标普100","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166392072","content_text":"* U.S. Fed should trim pandemic stimulus - Bullard\n* Coinbase slumps after SEC threatens to sue\n* PayPal falls after acquiring Japanese buy now, pay later firm\n* Indexes end: Dow -0.20%, S&P 500 -0.13%, Nasdaq -0.57%\nSept 8 (Reuters) - Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.\nApple and Facebook fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those two Silicon Valley giants contributed more than any other companies to the S&P 500's decline for the session.\nInvestors have become more cautious following Friday's weak August payrolls data, while pressures from rising costs, despite the economy slowing, have increased concerns that the Fed could move sooner than expected to scale back massive monetary measures enacted last year to shield the economy from the coronavirus pandemic.\nThe U.S. economy \"downshifted slightly\" in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery, the Fed said on Wednesday in its latest Beige Book compendium of anecdotal reports about the economy.\nThe S&P 500 has dipped less than 1% from its record closing high last Thursday, and it remains up 20% year to date, buoyed by the Fed's accommodative monetary policy.\n\"Investors are pulling petals from a daisy, saying, 'The economy will grow, the economy won't grow,'\" said Sam Stovall, chief investment strategist at CFRA. \"They can’t make up their minds, so they have not commitment to long-term positions.\"\nSt. Louis Federal Reserve Bank President James Bullard told the Financial Times that the Fed should move forward with a plan to trim its pandemic stimulus program despite a slowdown in job growth.\nSix of the 11 S&P 500 sector indexes fell, with materials and energy the deepest decliners, down over 1% each.\nThe Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&P 500 lost 0.13% to 4,514.07.\nThe Nasdaq Composite dropped 0.57% to 15,286.64.\nPerrigo Company Plc jumped 9% after the drugmaker said it plans to buy HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management in a deal valued at 1.8 billion euros ($2.13 billion).\nCryptocurrency exchange Coinbase Global Inc fell 3.2% after the U.S. securities regulator threatened to sue the firm if it goes ahead with plans to launch a crypto lending scheme.\nU.S. payments giant PayPal Holdings Inc declined 2.7% after it said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal.\nVolume on U.S. exchanges was 9.5 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 2.18-to-1 ratio favored decliners.\nThe S&P 500 posted 32 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 41 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880593614,"gmtCreate":1631063578039,"gmtModify":1676530456418,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880593614","repostId":"2165350503","repostType":4,"repost":{"id":"2165350503","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":1631055124,"share":"https://www.laohu8.com/m/news/2165350503?lang=&edition=full","pubTime":"2021-09-08 06:52","market":"us","language":"en","title":"S&P 500 ends down, Big Tech lifts Nasdaq to record","url":"https://stock-news.laohu8.com/highlight/detail?id=2165350503","media":"Reuters","summary":"* Indexes end: S&P 500 -0.34%, Nasdaq +0.07%, Dow -0.76%. The S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.Amgen Inc fell 2.2% and Merck & Co lost 1.7% after $Morgan Stanley$ cut its rating on the stocks to \"equal-weight\" from \"overweight.\". The Nasdaq was supported by Big Tech stocks that have fueled W","content":"<p>* Drugmakers Amgen, Merck dip after rating cuts</p>\n<p>* Apple and Netflix hit record highs</p>\n<p>* Boeing drops after Ryanair ends jet order talks</p>\n<p>* Indexes end: S&amp;P 500 -0.34%, Nasdaq +0.07%, Dow -0.76%</p>\n<p>The S&amp;P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.</p>\n<p>Amgen Inc fell 2.2% and Merck &amp; Co lost 1.7% after <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> cut its rating on the stocks to \"equal-weight\" from \"overweight.\"</p>\n<p>The Nasdaq was supported by Big Tech stocks that have fueled Wall Street's gains in recent years. Apple rose 1.6% and Netflix added 2.7%, both hitting record highs.</p>\n<p>\"You could call it a gravitation toward Big Tech. As people feel a bit uncertain about how COVID will play out, you don’t have your reopening worries with those companies,\" said Tom Martin, senior portfolio manager at Globalt Investments in Atlanta.</p>\n<p>Much of the rest of Wall Street fell. Eight of the eleven sub-indexes traded lower, with economy-sensitive sectors like industrials down 1.8% and utilities dipping 1.4%. The real estate index lost 1.1%.</p>\n<p>Tepid August payrolls data on Friday last week raised concerns that the economic recovery was slowing down.</p>\n<p>On Tuesday, Morgan Stanley cut its rating on U.S. stocks to underweight, pointing to risks related to economic growth, policy and legislation, and warning it expects the next two months to be \"bumpy.\"</p>\n<p>Accommodative central bank policies and reopening optimism have pushed the S&amp;P 500 and Nasdaq to record highs over the past few weeks, but concerns are growing about rising coronavirus infections due to the Delta variant and its impact on the economic recovery.</p>\n<p>Analysts on average expect S&amp;P 500 companies to increase their earnings per share by 30% in the September quarter, following a 96% surge in the second quarter, according to I/B/E/S data from Refinitiv.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 0.76% to end at 35,100 points, while the S&amp;P 500 lost 0.34% to 4,520.03.</p>\n<p>The Nasdaq Composite climbed 0.07% to 15,374.33.</p>\n<p>The S&amp;P 500 remains up about 20% year to date, and the Nasdaq is up about 19%.</p>\n<p>Boeing Co dropped 1.8% after Ireland's Ryanair&nbsp;said it had ended talks with the planemaker over a purchase of 737 MAX 10 jets worth tens of billions of dollars due to differences over price.</p>\n<p>Match Group Inc jumped over 7% after the S&amp;P Dow Jones Indices said on Friday the Tinder parent will join the benchmark index.</p>\n<p><a href=\"https://laohu8.com/S/CXP\">Columbia Property Trust Inc</a> surged 15% after Pacific Investment Management Company said it would buy the company for $2.2 billion.</p>\n<p>Volume on U.S. exchanges was 9.2 billion shares, compared with the 9.0 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.27-to-1 ratio; on Nasdaq, a 1.65-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 19 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 120 new highs and 24 new lows.</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>S&P 500 ends down, Big Tech lifts Nasdaq to record</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\">\nS&P 500 ends down, Big Tech lifts Nasdaq to record\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\">2021-09-08 06:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Drugmakers Amgen, Merck dip after rating cuts</p>\n<p>* Apple and Netflix hit record highs</p>\n<p>* Boeing drops after Ryanair ends jet order talks</p>\n<p>* Indexes end: S&amp;P 500 -0.34%, Nasdaq +0.07%, Dow -0.76%</p>\n<p>The S&amp;P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.</p>\n<p>Amgen Inc fell 2.2% and Merck &amp; Co lost 1.7% after <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> cut its rating on the stocks to \"equal-weight\" from \"overweight.\"</p>\n<p>The Nasdaq was supported by Big Tech stocks that have fueled Wall Street's gains in recent years. Apple rose 1.6% and Netflix added 2.7%, both hitting record highs.</p>\n<p>\"You could call it a gravitation toward Big Tech. As people feel a bit uncertain about how COVID will play out, you don’t have your reopening worries with those companies,\" said Tom Martin, senior portfolio manager at Globalt Investments in Atlanta.</p>\n<p>Much of the rest of Wall Street fell. Eight of the eleven sub-indexes traded lower, with economy-sensitive sectors like industrials down 1.8% and utilities dipping 1.4%. The real estate index lost 1.1%.</p>\n<p>Tepid August payrolls data on Friday last week raised concerns that the economic recovery was slowing down.</p>\n<p>On Tuesday, Morgan Stanley cut its rating on U.S. stocks to underweight, pointing to risks related to economic growth, policy and legislation, and warning it expects the next two months to be \"bumpy.\"</p>\n<p>Accommodative central bank policies and reopening optimism have pushed the S&amp;P 500 and Nasdaq to record highs over the past few weeks, but concerns are growing about rising coronavirus infections due to the Delta variant and its impact on the economic recovery.</p>\n<p>Analysts on average expect S&amp;P 500 companies to increase their earnings per share by 30% in the September quarter, following a 96% surge in the second quarter, according to I/B/E/S data from Refinitiv.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 0.76% to end at 35,100 points, while the S&amp;P 500 lost 0.34% to 4,520.03.</p>\n<p>The Nasdaq Composite climbed 0.07% to 15,374.33.</p>\n<p>The S&amp;P 500 remains up about 20% year to date, and the Nasdaq is up about 19%.</p>\n<p>Boeing Co dropped 1.8% after Ireland's Ryanair&nbsp;said it had ended talks with the planemaker over a purchase of 737 MAX 10 jets worth tens of billions of dollars due to differences over price.</p>\n<p>Match Group Inc jumped over 7% after the S&amp;P Dow Jones Indices said on Friday the Tinder parent will join the benchmark index.</p>\n<p><a href=\"https://laohu8.com/S/CXP\">Columbia Property Trust Inc</a> surged 15% after Pacific Investment Management Company said it would buy the company for $2.2 billion.</p>\n<p>Volume on U.S. exchanges was 9.2 billion shares, compared with the 9.0 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.27-to-1 ratio; on Nasdaq, a 1.65-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 19 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 120 new highs and 24 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯","MTCH":"Match Group, Inc.","SPY":"标普500ETF","MRK":"默沙东",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","OEX":"标普100","BA":"波音","UPRO":"三倍做多标普500ETF","AMGN":"安进","AAPL":"苹果","NFLX":"奈飞","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","CXP":"Columbia Property Trust Inc","OEF":"标普100指数ETF-iShares","IVV":"标普500指数ETF","SPXU":"三倍做空标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2165350503","content_text":"* Drugmakers Amgen, Merck dip after rating cuts\n* Apple and Netflix hit record highs\n* Boeing drops after Ryanair ends jet order talks\n* Indexes end: S&P 500 -0.34%, Nasdaq +0.07%, Dow -0.76%\nThe S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.\nAmgen Inc fell 2.2% and Merck & Co lost 1.7% after Morgan Stanley cut its rating on the stocks to \"equal-weight\" from \"overweight.\"\nThe Nasdaq was supported by Big Tech stocks that have fueled Wall Street's gains in recent years. Apple rose 1.6% and Netflix added 2.7%, both hitting record highs.\n\"You could call it a gravitation toward Big Tech. As people feel a bit uncertain about how COVID will play out, you don’t have your reopening worries with those companies,\" said Tom Martin, senior portfolio manager at Globalt Investments in Atlanta.\nMuch of the rest of Wall Street fell. Eight of the eleven sub-indexes traded lower, with economy-sensitive sectors like industrials down 1.8% and utilities dipping 1.4%. The real estate index lost 1.1%.\nTepid August payrolls data on Friday last week raised concerns that the economic recovery was slowing down.\nOn Tuesday, Morgan Stanley cut its rating on U.S. stocks to underweight, pointing to risks related to economic growth, policy and legislation, and warning it expects the next two months to be \"bumpy.\"\nAccommodative central bank policies and reopening optimism have pushed the S&P 500 and Nasdaq to record highs over the past few weeks, but concerns are growing about rising coronavirus infections due to the Delta variant and its impact on the economic recovery.\nAnalysts on average expect S&P 500 companies to increase their earnings per share by 30% in the September quarter, following a 96% surge in the second quarter, according to I/B/E/S data from Refinitiv.\nUnofficially, the Dow Jones Industrial Average fell 0.76% to end at 35,100 points, while the S&P 500 lost 0.34% to 4,520.03.\nThe Nasdaq Composite climbed 0.07% to 15,374.33.\nThe S&P 500 remains up about 20% year to date, and the Nasdaq is up about 19%.\nBoeing Co dropped 1.8% after Ireland's Ryanair said it had ended talks with the planemaker over a purchase of 737 MAX 10 jets worth tens of billions of dollars due to differences over price.\nMatch Group Inc jumped over 7% after the S&P Dow Jones Indices said on Friday the Tinder parent will join the benchmark index.\nColumbia Property Trust Inc surged 15% after Pacific Investment Management Company said it would buy the company for $2.2 billion.\nVolume on U.S. exchanges was 9.2 billion shares, compared with the 9.0 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.27-to-1 ratio; on Nasdaq, a 1.65-to-1 ratio favored decliners.\nThe S&P 500 posted 19 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 120 new highs and 24 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817441527,"gmtCreate":1630983292969,"gmtModify":1676530434395,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817441527","repostId":"2165384697","repostType":4,"isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814356986,"gmtCreate":1630769084545,"gmtModify":1676530392756,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/814356986","repostId":"1194566233","repostType":4,"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812994838,"gmtCreate":1630545276724,"gmtModify":1676530335350,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812994838","repostId":"2164481914","repostType":4,"repost":{"id":"2164481914","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":1630529217,"share":"https://www.laohu8.com/m/news/2164481914?lang=&edition=full","pubTime":"2021-09-02 04:46","market":"us","language":"en","title":"Tech stocks send Nasdaq to fresh record close, boost S&P","url":"https://stock-news.laohu8.com/highlight/detail?id=2164481914","media":"Reuters","summary":"Gains for tech stocks, utilities and real estate.\nAugust private jobs growth misses expectations.\nIn","content":"<ul>\n <li>Gains for tech stocks, utilities and real estate.</li>\n <li>August private jobs growth misses expectations.</li>\n <li>Indexes: Dow falls 0.14%, S&amp;P up 0.03%, Nasdaq rises 0.33%.</li>\n</ul>\n<p>Sept 1 (Reuters) - The Nasdaq closed Wednesday at a record high, and the S&amp;P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.</p>\n<p>Technology stocks , which tend to benefit from a low-rate environment, finished higher. Apple Inc rose 0.4% to its second-highest close, and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc , Amazon.com Inc and Google-owner Alphabet Inc all advanced between 0.2% and 0.7%.</p>\n<p>Utilities and real estate - sectors considered as bond-proxies or defensive - were the top performers.</p>\n<p>\"Given there's going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,\" said Chris Graff, co-chief investment officer at RMB Capital.</p>\n<p>Wall Street's main indexes have hit record highs recently, with the benchmark S&amp;P 500 notching seven straight monthly gains as investors shrugged off risks around a rise in new coronavirus infections and hoped for the Fed to remain dovish in its policy stance.</p>\n<p>Each new data release though is viewed by investors through the prism of whether it could push the Fed to taper sooner rather than later.</p>\n<p>A report by ADP, published ahead of the U.S. government's more comprehensive employment report on Friday, showed private employers hired far fewer workers than expected in August.</p>\n<p>Another set of data on Wednesday showed U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.</p>\n<p>\"We've got the jobs report on Friday, but what's become more important is the job openings report next week and the CPI release after that, so a lot about employment and inflation in the next couple of weeks which will reset people's expectations for tapering and interest rates,\" Graff added.</p>\n<p>The Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&amp;P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.</p>\n<p>Falling 1.5% on the day, and down for the third straight session, was the energy index.</p>\n<p>Crude prices were flat after OPEC and its allies agreed to stick to their existing policy of gradual output increases. However, the full extent of damage to U.S. energy infrastructure from Hurricane Ida is still being established&nbsp;More than 80% of oil and gas production in the Gulf of Mexico remains offline, while analysts have warned that restarting Louisiana refineries shut by the storm could take weeks and cost operators tens of millions of dollars in lost revenue.</p>\n<p><a href=\"https://laohu8.com/S/PBF\">PBF Energy</a> Inc , whose 190,000 barrel-per-day Chalmette, Louisiana, refinery lost power following the storm, slumped 6.8% on Wednesday, taking its losses this week to 11.2%.</p>\n<p>Volume on U.S. exchanges was 9.81 billion shares, compared with the 8.99 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</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>Tech stocks send Nasdaq to fresh record close, boost S&P</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\">\nTech stocks send Nasdaq to fresh record close, boost S&P\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\">2021-09-02 04:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Gains for tech stocks, utilities and real estate.</li>\n <li>August private jobs growth misses expectations.</li>\n <li>Indexes: Dow falls 0.14%, S&amp;P up 0.03%, Nasdaq rises 0.33%.</li>\n</ul>\n<p>Sept 1 (Reuters) - The Nasdaq closed Wednesday at a record high, and the S&amp;P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.</p>\n<p>Technology stocks , which tend to benefit from a low-rate environment, finished higher. Apple Inc rose 0.4% to its second-highest close, and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc , Amazon.com Inc and Google-owner Alphabet Inc all advanced between 0.2% and 0.7%.</p>\n<p>Utilities and real estate - sectors considered as bond-proxies or defensive - were the top performers.</p>\n<p>\"Given there's going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,\" said Chris Graff, co-chief investment officer at RMB Capital.</p>\n<p>Wall Street's main indexes have hit record highs recently, with the benchmark S&amp;P 500 notching seven straight monthly gains as investors shrugged off risks around a rise in new coronavirus infections and hoped for the Fed to remain dovish in its policy stance.</p>\n<p>Each new data release though is viewed by investors through the prism of whether it could push the Fed to taper sooner rather than later.</p>\n<p>A report by ADP, published ahead of the U.S. government's more comprehensive employment report on Friday, showed private employers hired far fewer workers than expected in August.</p>\n<p>Another set of data on Wednesday showed U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.</p>\n<p>\"We've got the jobs report on Friday, but what's become more important is the job openings report next week and the CPI release after that, so a lot about employment and inflation in the next couple of weeks which will reset people's expectations for tapering and interest rates,\" Graff added.</p>\n<p>The Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&amp;P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.</p>\n<p>Falling 1.5% on the day, and down for the third straight session, was the energy index.</p>\n<p>Crude prices were flat after OPEC and its allies agreed to stick to their existing policy of gradual output increases. However, the full extent of damage to U.S. energy infrastructure from Hurricane Ida is still being established&nbsp;More than 80% of oil and gas production in the Gulf of Mexico remains offline, while analysts have warned that restarting Louisiana refineries shut by the storm could take weeks and cost operators tens of millions of dollars in lost revenue.</p>\n<p><a href=\"https://laohu8.com/S/PBF\">PBF Energy</a> Inc , whose 190,000 barrel-per-day Chalmette, Louisiana, refinery lost power following the storm, slumped 6.8% on Wednesday, taking its losses this week to 11.2%.</p>\n<p>Volume on U.S. exchanges was 9.81 billion shares, compared with the 8.99 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164481914","content_text":"Gains for tech stocks, utilities and real estate.\nAugust private jobs growth misses expectations.\nIndexes: Dow falls 0.14%, S&P up 0.03%, Nasdaq rises 0.33%.\n\nSept 1 (Reuters) - The Nasdaq closed Wednesday at a record high, and the S&P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.\nTechnology stocks , which tend to benefit from a low-rate environment, finished higher. Apple Inc rose 0.4% to its second-highest close, and Facebook Inc , Amazon.com Inc and Google-owner Alphabet Inc all advanced between 0.2% and 0.7%.\nUtilities and real estate - sectors considered as bond-proxies or defensive - were the top performers.\n\"Given there's going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,\" said Chris Graff, co-chief investment officer at RMB Capital.\nWall Street's main indexes have hit record highs recently, with the benchmark S&P 500 notching seven straight monthly gains as investors shrugged off risks around a rise in new coronavirus infections and hoped for the Fed to remain dovish in its policy stance.\nEach new data release though is viewed by investors through the prism of whether it could push the Fed to taper sooner rather than later.\nA report by ADP, published ahead of the U.S. government's more comprehensive employment report on Friday, showed private employers hired far fewer workers than expected in August.\nAnother set of data on Wednesday showed U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce.\n\"We've got the jobs report on Friday, but what's become more important is the job openings report next week and the CPI release after that, so a lot about employment and inflation in the next couple of weeks which will reset people's expectations for tapering and interest rates,\" Graff added.\nThe Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.\nFalling 1.5% on the day, and down for the third straight session, was the energy index.\nCrude prices were flat after OPEC and its allies agreed to stick to their existing policy of gradual output increases. However, the full extent of damage to U.S. energy infrastructure from Hurricane Ida is still being established More than 80% of oil and gas production in the Gulf of Mexico remains offline, while analysts have warned that restarting Louisiana refineries shut by the storm could take weeks and cost operators tens of millions of dollars in lost revenue.\nPBF Energy Inc , whose 190,000 barrel-per-day Chalmette, Louisiana, refinery lost power following the storm, slumped 6.8% on Wednesday, taking its losses this week to 11.2%.\nVolume on U.S. exchanges was 9.81 billion shares, compared with the 8.99 billion average for the full session over the last 20 trading days.\nThe S&P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows.\n(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)","news_type":1},"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818869273,"gmtCreate":1630396234892,"gmtModify":1676530290489,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818869273","repostId":"1188709955","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811273570,"gmtCreate":1630330387890,"gmtModify":1676530270834,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811273570","repostId":"2163889073","repostType":4,"repost":{"id":"2163889073","pubTimestamp":1630329960,"share":"https://www.laohu8.com/m/news/2163889073?lang=&edition=full","pubTime":"2021-08-30 21:26","market":"us","language":"en","title":"Exploring the Mysteries of Palantir Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2163889073","media":"Motley Fool","summary":"Discussing Palantir's latest earnings report, and a few thoughts on recent news from Afghanistan.","content":"<p>In this episode of <i>Industry Focus: Energy</i>, host Nick Sciple is joined by Lou Whiteman to take a look at <b>Palantir Technologies</b> (NYSE:PLTR) earnings and its gold purchase. Plus, the two discuss the Afghanistan recent news and how it will impact the defense industry.</p>\n<p>To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.</p>\n<p><i>This video was recorded on Aug. 19, 2021.</i></p>\n<p><b>Nick Sciple:</b> Welcome to <i>Industry Focus,</i> I am Nick Sciple. This week, I'm excited to welcome Lou Whiteman back on the show to take a look at Palantir's recent earnings. Lou, how's it going?</p>\n<p><b>Lou Whiteman:</b> Going well, good to see you, Nick.</p>\n<p><b>Sciple:</b> Great to have you here back on the show. We've talked about Palantir here in the past, I think this is the first show we're doing focusing specifically on this company. I had John a couple of weeks ago, we talked about the entertainment that we can get from <b>Tesla </b>earnings calls. There are some back-end relationships between Palantir, whose chairman is Peter Thiel, and then the Tesla CEO and former chairman, Elon Musk. What did you make of this earnings call, man? Palantir is a unique company.</p>\n<p><b>Whiteman:</b> They are. You know what? They own that, which I respect. It was a fun earnings call they did for people who didn't listen in. They have people submit questions, there's no live back-and-forth with analysts. It's brilliant because it really gives them a chance to communicate as they wish, and maybe not what they wish, but it makes for a really fun call. Issues or questions as simple as what's Palantir, what does Palantir do, which was <a href=\"https://laohu8.com/S/AONE.U\">one</a> that you pulled out that I thought was great.</p>\n<p><b>Sciple:</b> Yeah. They take this out of the Tesla playbook, where they take submissions from investors online. At least for the first part of the call, I would say most of the call, the Q&amp;A portion is spent answering those questions, having the IRR executives read that out.</p>\n<p>One of the things that we struggled with here, Lou, is trying to figure out, what exactly does Palantir do? We had a whole episode where we talked about these highly classified businesses. Sometimes, everything is behind the wall. It's hard to figure out what's going on and what exactly the nature of these programs are.</p>\n<p>It seems like some analysts are having the same problem, because there was a question we got on the earnings call. It says, \"Are there plans for the company to increase its PR presence to increase awareness of its business model, which may lead to increased utilization of Palantir's various software platforms?\"</p>\n<p>We got an answer from the chief operating officer, Shyam Sankar. I don't think it was super satisfying for those who were trying to figure out what the business is all about. They say: \"I can't really tell you why some people don't know or understand what we do. I can tell you about the people who do know though. It's the special operator who chased down a car to give him a hug. It's the civil servants who work tirelessly to deliver vaccines in the U.S. and the U.K. It's the French government as they raced to prevent bombs from exploding on the eve of Macron's election. It's the German police who caught the suicide bombers in time, the supply chain operators of the World Food Program, tackling COVID, escalating impact of global property and hunger, the factory workers on the assembly lines from Toulouse to Detroit.\" That's an answer. It's not really an exact answer. What is your understanding of what Palantir does, and where they fit in other than being like sneaky spy software people?</p>\n<p><b>Whiteman:</b> The big picture is this is a data analytics company. They bring order to data, and they do it with AI. They do it with a human intelligence. Humans are better at sorting through data than machines, but they do it with the speed and just the total volume of a machine. It's that human-level intelligence at the volume of machines that allows them to do amazing things. Most notably, they've helped the Pentagon find Osama Bin Laden, helped figure out that Bernie Madoff wasn't on the up and up. It is a special sauce. It's AI that helps sort through mountains and mountains of data and find things that both a human on his or her own or a lesser AI is going to miss. That in a nutshell is what they do. But it's complicated.</p>\n<p><b>Sciple:</b> It's complicated. You describe their culture as an artist colony. Very pretty eccentric you would say. Maybe it fits the Peter Thiel ethos. He has his book, <i>Zero to One</i>, I think it's one of the best investing books out there. But it talks about how you have to be different to achieve something different. They are certainly being very different from other folks, certainly, in the government services industry, maybe other companies, in general. When we look at the numbers from the earnings report, what the company is giving us as far as performance of the business. What stood out to you from earnings?</p>\n<p><b>Whiteman:</b> This is starting on a very high level. It was a very good quarter this recent quarter. We should note, they only went public late last year. It's an 18-year-old company, but it's relatively new to the public markets. Anyway, they earned $0.04 per share on revenue of $375 million. That easily topped estimates on revenue, $353 million was the estimate. It was a penny ahead on analyst expectations. Revenue was up an eye-popping 49% year-over-year. Adjusted operating margin topped 30% for the third straight quarter.&nbsp; This is a good solid business. We'll talk about that later. But I think the heart of the question of what Palantir does, why don't analysts get it, is there is a market disconnect right now going on with the strength of the business versus the strength of the stock. It's hard to get by. But look, they are forecasting great things. They had a 3-to-1 book to bill ratio, which means they're bringing in almost three times the business they're billing out. Fantastic. They had 20 customers in the quarter. Many of those, to be honest, didn't view this a bit of an asterisk there, but that is growth, and commercial side growth as we'll talk about soon, is key to the bull case here. Most impressive, they don't really give guidance, but they said with confidence, 30% annual revenue growth for each of the next five years. We're talking about growing the business from just over $1 billion, analyzing run-rate to a $3.5-4 billion company in a matter of five years, 2026. As an investor, you got to like that. They are definitely going in the right direction.</p>\n<p><b>Sciple:</b> Big question for me, and you may or may not have deep thoughts on this Lou. But just why now? You mentioned this is a company that's been around for a number of years. They were involved in the Osama Bin Laden capture a number of years ago. This company has been around for a while. Now, we're seeing this incredible growth, forecasting lots of growth into the future. What is your perception of the quarter they've turned here, or why now?</p>\n<p><b>Whiteman:</b> This is perception because as we discussed from the top, this isn't a company that really likes to spell out all of its thoughts out to the markets. They only went public last year. That coincided with a real push on the commercial side. They've mostly been a government contractor. I think what we're seeing here is part of their evolution into, hopefully, a more diversified contractor serving both government and commercial customers, to justify a strong public listing. They've been around for 18 years and they are only now a $1 billion company, mostly in defense. That's going to trade at a different valuation than a company that can really attack the commercial market. We can get into that in a second as far as where they are in that. But I think that this, the PR push, the going public, the commercial, this is all about turning from a niche government contractor to a more-mainstream data analytics company.</p>\n<p><b>Sciple:</b> It's that leap, maybe if you think about it. There's a couple of examples of autonomy. We had the DARPA program that was about autonomous vehicles, and now you have lots of companies trying to launch that in a commercial sense. If you look at iRobot, that makes the robot vacuums, the early history of that company was they were a robotic minesweeper. Obviously, you don't want people to be going around, walking through the minefield tracking for mines. That was the early development of that technology. Maybe this is another example of technology developed in the test tube of the military that now you can open up the floodgates and unleash it out onto the commercial world. One thing you mentioned about, Lou, some of the growth in revenue we're seeing. I think they said there's only 1% of their growth and revenue. But a huge chunk of their total contract volume is coming from these smaller companies, they call them \"Day Zero\" companies, that they are investing in. What can you tell us about what they're doing here? Obviously, there's some risk.</p>\n<p><b>Whiteman:</b> They are investing partially through the SPACs. They are investing in companies that they see promise in, and they are also finding customers that way. You can't do it forever, but it's hard to knock the strategy. Let's talk about it a little because I think this gets back to that initial, what is Palantir, and the question was, why don't analysts get it? Which is an interesting thing to say. This is a company, as we said, most of their history has been on the defense side. Right now, it's almost a $50 billion market cap on a $1 billion run rate of sales, so a quite rich price-to-sales on today. Even if you go forward with that 30% growth over five years, we're still talking about 12 to 15 times projected 2026 sales. Honestly, defense contractors mostly are less than two times sales. It's just out of this world for defense. This is part of this process where they need to become a commercial company. While they're making progress here, and like the Day Zero companies, they are being innovative in how they're going to do it. There was nothing in this quarter to suggest that the profile of this company is going to change anytime soon. Government with 61% of total revenue in the quarter, and it is growing faster. Government grew by about 66%, commercial grew about 28%.</p>\n<p>By comparison, it's hard to get a perfect comparison, but <b><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a></b>, which is a commercial company, similar size revenue, grew revenue by 110%. It is not growing as fast as Snowflake on the commercial side. If the government is a bigger part of the pie, and it's the side that's growing faster, it is really hard quickly to transition yourself into a commercial vendor. I think a lot of the angst in that question was, why don't analysts get the commercial? I think that's the better answer to that question right now, is that commercial is still the area of promise, but not the area that is the bulk of the business. These Day Zero companies initiatives like that, they've partnered with <b><a href=\"https://laohu8.com/S/IBM\">IBM</a> </b>to try and sell the software, which will cut margins which should hopefully help with growth. These are ways where they are trying to transform themselves into a more commercial minded company that arguably could justify a higher valuation long term.</p>\n<p><b>Sciple:</b> They talked about hiring a significant number of sales staff. Obviously, going out to sell to a different, more varied group of customers. I will say, for any company, we're having a venture capital arm of our business that's spinning up customers for us. I will say though, it makes you feel a little bit better when you have Peter Thiel, one of the best venture capitalists ever, as the chairman of the board. If there's anybody that's going to pick winners and have a pretty high hit rate there, I think he's one of them. We'll have to see.</p>\n<p><b>Whiteman:</b> They have the cash. I don't think there is a downside, but I also don't think that&nbsp; this solves there. It looked really good on the customer acquisition numbers. It's not going to drive revenue and really transform the business, just the nature of these customers.</p>\n<p><b>Sciple:</b> Yeah. Really questions about how quickly they can continue to grow this commercial side, how these bets on smaller companies work out. You mentioned the cash pile, Lou, and that's the other thing that's grabbing headlines here is how they're spending that cash pile. The company purchased $50 million in 100-ounce gold bars, they said in their Aug. 12 earnings statement. They said the purchase will be kept in a secure third-party facility located in the Northeastern United States and the company will be able to take possession of the gold bars at any time with reasonable notice. They've talked about this being insurance against a black swan event. Palantir is the eye in the sky that's helping support the operations of people like the CIA and the NSA. What do you make of this group in particular, buying $50 million in gold bars?</p>\n<p><b>Whiteman:</b> That is certainly the headline, this so-called Skynet, the company that has the AI capable of predicting the future, is buying gold. You know, that's something. I don't know what to make of it. I think it's a great way to get publicity. I can't imagine a lot of at least the U.S. government or large corporate customers saying we want to pay in gold. It feels more like a publicity thing, maybe a foreign government sales, it may come in handy. But yeah, it definitely catches the eye, maybe they know something we don't. But I have a hard time changing my view of the business based on the fact that they bought gold. It's just a really fun thing to watch to see exactly what they have planned.</p>\n<p><b>Sciple:</b> Yeah. For me, it's a couple of things. For me, partially, it's a $50 million marketing expense line item, you can think of it that way because me and you are talking about it, CNBC is talking about it, they're writing it up on Bloomberg, all these other places. I don't know if you could get that level of coverage across the world in the financial media with just a $50 million ad buy. You certainly have an asset left on the back end here with the gold purchase that you wouldn't have had if you just went in and spent it on ads, there's that. Do you think it's realistic, because they talked about customers having the ability to pay with cryptocurrency but nobody has paid, they are encouraging customers to pay with gold. But the people who had realistically wanted to have untraceable payments are the people that Palantir had said they will not service. There's potentially hostile groups and groups that would want to cover up their operations. I don't think that the U.S. Government wants to cover up that they are a customer of Palantir.</p>\n<p><b>Whiteman:</b> No. I mean, hopefully not. There was a high-profile customer we won't name who was a customer, but it turned out that they we're using the software to spy on employees and not make better lending decisions. But that was a few years ago in the past. Yeah, no, I mean, it's funny not to be too tongue-in-cheek, but it's hard to imagine a big customer actually piling gold into a truck and driving at the Palantir headquarters, so probably what you would have is some paper that represents an amount of gold, which used to be the U.S. dollar, so maybe they're just trying to get us back to the gold standard. But I tend to think you're right, that's $50 million of publicity that they also have an asset in the bank on. We'll see what else they do with that. I'd be surprised if it's much.</p>\n<p><b>Sciple:</b> Yeah, I choose to take the publicity angle on this because if you take that they're predicting World War III angle here, I don't want to predict that future, so I'm going to choose the publicity angle. Lou, you mentioned earlier, when you look at Palantir, they're tough to put a thumb on, and in some perspectives, you want to going to put it in the bucket of government services contractors, and others you want to put it in this bucket with your <b>Amazon</b>s, and your Snowflakes, and your <b>Microsoft </b>as this transformational Cloud software business. About a year ago, we did a defense stocks basket, which was some of these traditional companies. When you look at how Palantir has traded compared to some of those other companies, what are your thoughts on where Palantir fits in the bucket and there's different strategies for investors to get into these trends?</p>\n<p><b>Whiteman:</b> Not to dump the question, but this is really hard because I think business is fantastic. There is, in my mind, though, a disconnect between the business and the stock. It's hard to know how long that goes on or how quickly they grow out of it. One thing I do believe is that if they cannot get the commercial up and running the way they hope to, the valuation is not sustainable over time. Governments have cost-plus contracts. There is only so much business. If you talked to Pentagon people about Palantir, they both loved the company, they love the software when it's needed. But that when it is needed is important because it is expensive, it is cumbersome, it is a huge install, and frankly, it's best used not universally but when it's needed. I do think there are limits on the government's side, and I think the commercial side, they couldn't run into some of those same things.</p>\n<p>Last December, I actually put together a separate basket that was instead of Palantir, to buy these three defense IT firms. I was thinking five years, for the record, so far, I have not been right. My basket has losing to Palantir for less than 1% on average. If you throw in dividends, total return, I think I'm up, but whatever, we're very early in a five-year process. But the thing that struck me when I was looking at that this morning is just that Palantir, for all of its volatility, has basically gone nowhere in a long time. Now, it has been so long, it's been at various points in time this year, it's been up 60% for the year. It was down as much as 25%, wild swings. But for the year, it is actually losing to the<b> S&amp;P 500</b> by almost 9 percentage points. Basically, if you take out all that noise, it's a flat line. I wonder, this company, these products, they're too good for it just to fall off a cliff. It's hard to imagine the catalyst where it just crashes, it's done. But it's also hard to see that catalyst to get a jump higher. I think one or two things are going to happen. Either they're going to surprise me with the way they can grow the commercial, and I think honestly, probably surprise themselves because I think it's going to be much more than that 30% if they really see the stock take off, or this could just be a flat stock for a while while it slowly grows into its valuation.</p>\n<p>Looking at what it's done last year, I think the good news is that's not the worst downside. Really, it's hard to imagine this company just ceasing to exist. But I do question whether it can be a market-leading investment given its current valuation and the growth that's baked in, and the challenges that might find growth quickly. It really surprised me, its performance versus the S&amp;P 500 for the year. I wonder if that isn't telling of what we have, maybe not for the long, long term, but for the next few years, and the foreseeable future.</p>\n<p><b>Sciple:</b> Right. Certainly, some execution to live up to that valuation. Lou, you mentioned that basket. Just for completion's sake, what were the companies that were on that list of the three IT services firms?</p>\n<p><b>Whiteman:</b> It was <b>Booz Allen Hamilton</b>, BAH, which to be honest, has been the real clunker for me, and then I believe it was <b>SAIC</b>, and <b>Leidos Holdings</b>, LDOS.</p>\n<p><b>Sciple:</b> Excellent. We've talked about those in the past so I'll try to drop some links to episodes where we've talked about some of those companies. Any last thoughts on Palantir before we move on our next topic?</p>\n<p><b>Whiteman:</b> Again, I think just back to that original thing, why don't analysts understand? I think it's an open debate whether or not analysts understand it better than retail or if retail understands it better than analysts, because a lot of defense people like me are looking at it through that spectrum. We could be wrong and we could be missing it, but I think as an individual investor, you should at least be mindful that that could be what they are, too. As I said, the stock could readjust overtime.</p>\n<p><b>Sciple:</b> Is it <i>Rule Breaker</i> or is it a faker, we're going to find out sometime in these next quarters and years. The big thing we're going to be watching is how quickly they can grow that commercial business and sustain that growth overtime. We've talked about defense a lot today, Lou, in the context of Palantir. Maybe zooming out a little bit, the headline story everywhere is what's going on in Afghanistan, a really tragic scene. When you put what's going on there in the context of what it means for defense more broadly, do you have any high-level thoughts or context to give us?</p>\n<p><b>Whiteman:</b> Yeah, as you say, it's so hard to watch, it's hard to really make it into a stock story, but these are stocks and they move on, I do think for big defense, it is mostly a distraction right now, I mean, it could be a distraction that causes some disruption. I'm pretty sure we're going to see hearings, I think it's going to distract Congress so we could see delays on the budget, that's less clarity than we hope. There could be some resignations, there could be some shuffling in the budget because of it, so I don't think the big picture really alters on this, but I do think it could cause choppiness up ahead. Part of leaving Afghanistan as part of a broader trend toward a shift and focus toward what causes great power competition, that's mostly China and Russia. In the worst-case scenario, I guess with Afghanistan, we're kind of sucked back in, and maybe that means more near-term spending on munitions versus great power R&amp;D, which the companies would definitely prefer. The R&amp;D, it's higher margin, more turnaround, but it's hard to imagine a world where we stopped focusing on Russia and China, and so I do think the R&amp;D would be sustained. If anything, there was about $9 billion in the fiscal 2020 Pentagon budget to support the Afghan Army. That's presumably off the table, that does give some wiggle. That's not enough really to shift views on any one stock, but there is some wiggle room now. I think, long term, the thesis prior to this when all these companies remains the same, but it's certainly doesn't help clarity as far as when things get done and what the budget in the next year or two looks like.</p>\n<p><b>Sciple:</b> Yeah, it's an interesting history that rhymes a little bit, there was the Vietnam evacuation that was centered around Russia and some of the things going on there, and now we have this great power focus. Whenever I hear great power, I just translate that to Cold War in my brain, that's essentially the 21st century version of that, that's where we're headed.</p>\n<p><b>Whiteman:</b> I think we are and unfortunately, it's probably bullish for defense stocks over time because that does involve alot of again, this&nbsp; R&amp;D spending on advanced stuff. It's a very different profile than fighting insurgence, the low level war, but until the world gets safer.</p>\n<p><b>Sciple:</b> Hopefully, that can happen, Lou, any last thoughts here on the defense universe before we send us all home?</p>\n<p><b>Whiteman:</b> It's been a weird couple of years. We had the election last year and concerns about that, that I think we're overblown and now fresh chaos. This remains for me a sector that if you are very long-term and especially if you want dividends because you have a lot of approaching 3% dividend yields. I think it's still a safe place to go, but it is a long-term investment and you do, and there's tons of noise you have to block out, bullish and bearish.</p>\n<p><b>Sciple:</b> Lou, always love having you on the show, can't wait to have you back on again soon.</p>\n<p><b>Whiteman:</b> Pleasure to be here, Nick.</p>\n<p><b>Sciple:</b> As always, people on the program may own companies discussed on the show and The Motley Fool may have formal recommendations for or against the stocks discussed, so don't buy or sell anything based on what you hear. Thanks to Tim Sparks for mixing the show. For Lou Whiteman, I'm Nick Sciple, thanks for listening and Fool on.</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>Exploring the Mysteries of Palantir Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nExploring the Mysteries of Palantir Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 21:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/30/exploring-the-mysteries-of-palantir-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In this episode of Industry Focus: Energy, host Nick Sciple is joined by Lou Whiteman to take a look at Palantir Technologies (NYSE:PLTR) earnings and its gold purchase. Plus, the two discuss the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/30/exploring-the-mysteries-of-palantir-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://www.fool.com/investing/2021/08/30/exploring-the-mysteries-of-palantir-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163889073","content_text":"In this episode of Industry Focus: Energy, host Nick Sciple is joined by Lou Whiteman to take a look at Palantir Technologies (NYSE:PLTR) earnings and its gold purchase. Plus, the two discuss the Afghanistan recent news and how it will impact the defense industry.\nTo catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.\nThis video was recorded on Aug. 19, 2021.\nNick Sciple: Welcome to Industry Focus, I am Nick Sciple. This week, I'm excited to welcome Lou Whiteman back on the show to take a look at Palantir's recent earnings. Lou, how's it going?\nLou Whiteman: Going well, good to see you, Nick.\nSciple: Great to have you here back on the show. We've talked about Palantir here in the past, I think this is the first show we're doing focusing specifically on this company. I had John a couple of weeks ago, we talked about the entertainment that we can get from Tesla earnings calls. There are some back-end relationships between Palantir, whose chairman is Peter Thiel, and then the Tesla CEO and former chairman, Elon Musk. What did you make of this earnings call, man? Palantir is a unique company.\nWhiteman: They are. You know what? They own that, which I respect. It was a fun earnings call they did for people who didn't listen in. They have people submit questions, there's no live back-and-forth with analysts. It's brilliant because it really gives them a chance to communicate as they wish, and maybe not what they wish, but it makes for a really fun call. Issues or questions as simple as what's Palantir, what does Palantir do, which was one that you pulled out that I thought was great.\nSciple: Yeah. They take this out of the Tesla playbook, where they take submissions from investors online. At least for the first part of the call, I would say most of the call, the Q&A portion is spent answering those questions, having the IRR executives read that out.\nOne of the things that we struggled with here, Lou, is trying to figure out, what exactly does Palantir do? We had a whole episode where we talked about these highly classified businesses. Sometimes, everything is behind the wall. It's hard to figure out what's going on and what exactly the nature of these programs are.\nIt seems like some analysts are having the same problem, because there was a question we got on the earnings call. It says, \"Are there plans for the company to increase its PR presence to increase awareness of its business model, which may lead to increased utilization of Palantir's various software platforms?\"\nWe got an answer from the chief operating officer, Shyam Sankar. I don't think it was super satisfying for those who were trying to figure out what the business is all about. They say: \"I can't really tell you why some people don't know or understand what we do. I can tell you about the people who do know though. It's the special operator who chased down a car to give him a hug. It's the civil servants who work tirelessly to deliver vaccines in the U.S. and the U.K. It's the French government as they raced to prevent bombs from exploding on the eve of Macron's election. It's the German police who caught the suicide bombers in time, the supply chain operators of the World Food Program, tackling COVID, escalating impact of global property and hunger, the factory workers on the assembly lines from Toulouse to Detroit.\" That's an answer. It's not really an exact answer. What is your understanding of what Palantir does, and where they fit in other than being like sneaky spy software people?\nWhiteman: The big picture is this is a data analytics company. They bring order to data, and they do it with AI. They do it with a human intelligence. Humans are better at sorting through data than machines, but they do it with the speed and just the total volume of a machine. It's that human-level intelligence at the volume of machines that allows them to do amazing things. Most notably, they've helped the Pentagon find Osama Bin Laden, helped figure out that Bernie Madoff wasn't on the up and up. It is a special sauce. It's AI that helps sort through mountains and mountains of data and find things that both a human on his or her own or a lesser AI is going to miss. That in a nutshell is what they do. But it's complicated.\nSciple: It's complicated. You describe their culture as an artist colony. Very pretty eccentric you would say. Maybe it fits the Peter Thiel ethos. He has his book, Zero to One, I think it's one of the best investing books out there. But it talks about how you have to be different to achieve something different. They are certainly being very different from other folks, certainly, in the government services industry, maybe other companies, in general. When we look at the numbers from the earnings report, what the company is giving us as far as performance of the business. What stood out to you from earnings?\nWhiteman: This is starting on a very high level. It was a very good quarter this recent quarter. We should note, they only went public late last year. It's an 18-year-old company, but it's relatively new to the public markets. Anyway, they earned $0.04 per share on revenue of $375 million. That easily topped estimates on revenue, $353 million was the estimate. It was a penny ahead on analyst expectations. Revenue was up an eye-popping 49% year-over-year. Adjusted operating margin topped 30% for the third straight quarter.  This is a good solid business. We'll talk about that later. But I think the heart of the question of what Palantir does, why don't analysts get it, is there is a market disconnect right now going on with the strength of the business versus the strength of the stock. It's hard to get by. But look, they are forecasting great things. They had a 3-to-1 book to bill ratio, which means they're bringing in almost three times the business they're billing out. Fantastic. They had 20 customers in the quarter. Many of those, to be honest, didn't view this a bit of an asterisk there, but that is growth, and commercial side growth as we'll talk about soon, is key to the bull case here. Most impressive, they don't really give guidance, but they said with confidence, 30% annual revenue growth for each of the next five years. We're talking about growing the business from just over $1 billion, analyzing run-rate to a $3.5-4 billion company in a matter of five years, 2026. As an investor, you got to like that. They are definitely going in the right direction.\nSciple: Big question for me, and you may or may not have deep thoughts on this Lou. But just why now? You mentioned this is a company that's been around for a number of years. They were involved in the Osama Bin Laden capture a number of years ago. This company has been around for a while. Now, we're seeing this incredible growth, forecasting lots of growth into the future. What is your perception of the quarter they've turned here, or why now?\nWhiteman: This is perception because as we discussed from the top, this isn't a company that really likes to spell out all of its thoughts out to the markets. They only went public last year. That coincided with a real push on the commercial side. They've mostly been a government contractor. I think what we're seeing here is part of their evolution into, hopefully, a more diversified contractor serving both government and commercial customers, to justify a strong public listing. They've been around for 18 years and they are only now a $1 billion company, mostly in defense. That's going to trade at a different valuation than a company that can really attack the commercial market. We can get into that in a second as far as where they are in that. But I think that this, the PR push, the going public, the commercial, this is all about turning from a niche government contractor to a more-mainstream data analytics company.\nSciple: It's that leap, maybe if you think about it. There's a couple of examples of autonomy. We had the DARPA program that was about autonomous vehicles, and now you have lots of companies trying to launch that in a commercial sense. If you look at iRobot, that makes the robot vacuums, the early history of that company was they were a robotic minesweeper. Obviously, you don't want people to be going around, walking through the minefield tracking for mines. That was the early development of that technology. Maybe this is another example of technology developed in the test tube of the military that now you can open up the floodgates and unleash it out onto the commercial world. One thing you mentioned about, Lou, some of the growth in revenue we're seeing. I think they said there's only 1% of their growth and revenue. But a huge chunk of their total contract volume is coming from these smaller companies, they call them \"Day Zero\" companies, that they are investing in. What can you tell us about what they're doing here? Obviously, there's some risk.\nWhiteman: They are investing partially through the SPACs. They are investing in companies that they see promise in, and they are also finding customers that way. You can't do it forever, but it's hard to knock the strategy. Let's talk about it a little because I think this gets back to that initial, what is Palantir, and the question was, why don't analysts get it? Which is an interesting thing to say. This is a company, as we said, most of their history has been on the defense side. Right now, it's almost a $50 billion market cap on a $1 billion run rate of sales, so a quite rich price-to-sales on today. Even if you go forward with that 30% growth over five years, we're still talking about 12 to 15 times projected 2026 sales. Honestly, defense contractors mostly are less than two times sales. It's just out of this world for defense. This is part of this process where they need to become a commercial company. While they're making progress here, and like the Day Zero companies, they are being innovative in how they're going to do it. There was nothing in this quarter to suggest that the profile of this company is going to change anytime soon. Government with 61% of total revenue in the quarter, and it is growing faster. Government grew by about 66%, commercial grew about 28%.\nBy comparison, it's hard to get a perfect comparison, but Snowflake, which is a commercial company, similar size revenue, grew revenue by 110%. It is not growing as fast as Snowflake on the commercial side. If the government is a bigger part of the pie, and it's the side that's growing faster, it is really hard quickly to transition yourself into a commercial vendor. I think a lot of the angst in that question was, why don't analysts get the commercial? I think that's the better answer to that question right now, is that commercial is still the area of promise, but not the area that is the bulk of the business. These Day Zero companies initiatives like that, they've partnered with IBM to try and sell the software, which will cut margins which should hopefully help with growth. These are ways where they are trying to transform themselves into a more commercial minded company that arguably could justify a higher valuation long term.\nSciple: They talked about hiring a significant number of sales staff. Obviously, going out to sell to a different, more varied group of customers. I will say, for any company, we're having a venture capital arm of our business that's spinning up customers for us. I will say though, it makes you feel a little bit better when you have Peter Thiel, one of the best venture capitalists ever, as the chairman of the board. If there's anybody that's going to pick winners and have a pretty high hit rate there, I think he's one of them. We'll have to see.\nWhiteman: They have the cash. I don't think there is a downside, but I also don't think that  this solves there. It looked really good on the customer acquisition numbers. It's not going to drive revenue and really transform the business, just the nature of these customers.\nSciple: Yeah. Really questions about how quickly they can continue to grow this commercial side, how these bets on smaller companies work out. You mentioned the cash pile, Lou, and that's the other thing that's grabbing headlines here is how they're spending that cash pile. The company purchased $50 million in 100-ounce gold bars, they said in their Aug. 12 earnings statement. They said the purchase will be kept in a secure third-party facility located in the Northeastern United States and the company will be able to take possession of the gold bars at any time with reasonable notice. They've talked about this being insurance against a black swan event. Palantir is the eye in the sky that's helping support the operations of people like the CIA and the NSA. What do you make of this group in particular, buying $50 million in gold bars?\nWhiteman: That is certainly the headline, this so-called Skynet, the company that has the AI capable of predicting the future, is buying gold. You know, that's something. I don't know what to make of it. I think it's a great way to get publicity. I can't imagine a lot of at least the U.S. government or large corporate customers saying we want to pay in gold. It feels more like a publicity thing, maybe a foreign government sales, it may come in handy. But yeah, it definitely catches the eye, maybe they know something we don't. But I have a hard time changing my view of the business based on the fact that they bought gold. It's just a really fun thing to watch to see exactly what they have planned.\nSciple: Yeah. For me, it's a couple of things. For me, partially, it's a $50 million marketing expense line item, you can think of it that way because me and you are talking about it, CNBC is talking about it, they're writing it up on Bloomberg, all these other places. I don't know if you could get that level of coverage across the world in the financial media with just a $50 million ad buy. You certainly have an asset left on the back end here with the gold purchase that you wouldn't have had if you just went in and spent it on ads, there's that. Do you think it's realistic, because they talked about customers having the ability to pay with cryptocurrency but nobody has paid, they are encouraging customers to pay with gold. But the people who had realistically wanted to have untraceable payments are the people that Palantir had said they will not service. There's potentially hostile groups and groups that would want to cover up their operations. I don't think that the U.S. Government wants to cover up that they are a customer of Palantir.\nWhiteman: No. I mean, hopefully not. There was a high-profile customer we won't name who was a customer, but it turned out that they we're using the software to spy on employees and not make better lending decisions. But that was a few years ago in the past. Yeah, no, I mean, it's funny not to be too tongue-in-cheek, but it's hard to imagine a big customer actually piling gold into a truck and driving at the Palantir headquarters, so probably what you would have is some paper that represents an amount of gold, which used to be the U.S. dollar, so maybe they're just trying to get us back to the gold standard. But I tend to think you're right, that's $50 million of publicity that they also have an asset in the bank on. We'll see what else they do with that. I'd be surprised if it's much.\nSciple: Yeah, I choose to take the publicity angle on this because if you take that they're predicting World War III angle here, I don't want to predict that future, so I'm going to choose the publicity angle. Lou, you mentioned earlier, when you look at Palantir, they're tough to put a thumb on, and in some perspectives, you want to going to put it in the bucket of government services contractors, and others you want to put it in this bucket with your Amazons, and your Snowflakes, and your Microsoft as this transformational Cloud software business. About a year ago, we did a defense stocks basket, which was some of these traditional companies. When you look at how Palantir has traded compared to some of those other companies, what are your thoughts on where Palantir fits in the bucket and there's different strategies for investors to get into these trends?\nWhiteman: Not to dump the question, but this is really hard because I think business is fantastic. There is, in my mind, though, a disconnect between the business and the stock. It's hard to know how long that goes on or how quickly they grow out of it. One thing I do believe is that if they cannot get the commercial up and running the way they hope to, the valuation is not sustainable over time. Governments have cost-plus contracts. There is only so much business. If you talked to Pentagon people about Palantir, they both loved the company, they love the software when it's needed. But that when it is needed is important because it is expensive, it is cumbersome, it is a huge install, and frankly, it's best used not universally but when it's needed. I do think there are limits on the government's side, and I think the commercial side, they couldn't run into some of those same things.\nLast December, I actually put together a separate basket that was instead of Palantir, to buy these three defense IT firms. I was thinking five years, for the record, so far, I have not been right. My basket has losing to Palantir for less than 1% on average. If you throw in dividends, total return, I think I'm up, but whatever, we're very early in a five-year process. But the thing that struck me when I was looking at that this morning is just that Palantir, for all of its volatility, has basically gone nowhere in a long time. Now, it has been so long, it's been at various points in time this year, it's been up 60% for the year. It was down as much as 25%, wild swings. But for the year, it is actually losing to the S&P 500 by almost 9 percentage points. Basically, if you take out all that noise, it's a flat line. I wonder, this company, these products, they're too good for it just to fall off a cliff. It's hard to imagine the catalyst where it just crashes, it's done. But it's also hard to see that catalyst to get a jump higher. I think one or two things are going to happen. Either they're going to surprise me with the way they can grow the commercial, and I think honestly, probably surprise themselves because I think it's going to be much more than that 30% if they really see the stock take off, or this could just be a flat stock for a while while it slowly grows into its valuation.\nLooking at what it's done last year, I think the good news is that's not the worst downside. Really, it's hard to imagine this company just ceasing to exist. But I do question whether it can be a market-leading investment given its current valuation and the growth that's baked in, and the challenges that might find growth quickly. It really surprised me, its performance versus the S&P 500 for the year. I wonder if that isn't telling of what we have, maybe not for the long, long term, but for the next few years, and the foreseeable future.\nSciple: Right. Certainly, some execution to live up to that valuation. Lou, you mentioned that basket. Just for completion's sake, what were the companies that were on that list of the three IT services firms?\nWhiteman: It was Booz Allen Hamilton, BAH, which to be honest, has been the real clunker for me, and then I believe it was SAIC, and Leidos Holdings, LDOS.\nSciple: Excellent. We've talked about those in the past so I'll try to drop some links to episodes where we've talked about some of those companies. Any last thoughts on Palantir before we move on our next topic?\nWhiteman: Again, I think just back to that original thing, why don't analysts understand? I think it's an open debate whether or not analysts understand it better than retail or if retail understands it better than analysts, because a lot of defense people like me are looking at it through that spectrum. We could be wrong and we could be missing it, but I think as an individual investor, you should at least be mindful that that could be what they are, too. As I said, the stock could readjust overtime.\nSciple: Is it Rule Breaker or is it a faker, we're going to find out sometime in these next quarters and years. The big thing we're going to be watching is how quickly they can grow that commercial business and sustain that growth overtime. We've talked about defense a lot today, Lou, in the context of Palantir. Maybe zooming out a little bit, the headline story everywhere is what's going on in Afghanistan, a really tragic scene. When you put what's going on there in the context of what it means for defense more broadly, do you have any high-level thoughts or context to give us?\nWhiteman: Yeah, as you say, it's so hard to watch, it's hard to really make it into a stock story, but these are stocks and they move on, I do think for big defense, it is mostly a distraction right now, I mean, it could be a distraction that causes some disruption. I'm pretty sure we're going to see hearings, I think it's going to distract Congress so we could see delays on the budget, that's less clarity than we hope. There could be some resignations, there could be some shuffling in the budget because of it, so I don't think the big picture really alters on this, but I do think it could cause choppiness up ahead. Part of leaving Afghanistan as part of a broader trend toward a shift and focus toward what causes great power competition, that's mostly China and Russia. In the worst-case scenario, I guess with Afghanistan, we're kind of sucked back in, and maybe that means more near-term spending on munitions versus great power R&D, which the companies would definitely prefer. The R&D, it's higher margin, more turnaround, but it's hard to imagine a world where we stopped focusing on Russia and China, and so I do think the R&D would be sustained. If anything, there was about $9 billion in the fiscal 2020 Pentagon budget to support the Afghan Army. That's presumably off the table, that does give some wiggle. That's not enough really to shift views on any one stock, but there is some wiggle room now. I think, long term, the thesis prior to this when all these companies remains the same, but it's certainly doesn't help clarity as far as when things get done and what the budget in the next year or two looks like.\nSciple: Yeah, it's an interesting history that rhymes a little bit, there was the Vietnam evacuation that was centered around Russia and some of the things going on there, and now we have this great power focus. Whenever I hear great power, I just translate that to Cold War in my brain, that's essentially the 21st century version of that, that's where we're headed.\nWhiteman: I think we are and unfortunately, it's probably bullish for defense stocks over time because that does involve alot of again, this  R&D spending on advanced stuff. It's a very different profile than fighting insurgence, the low level war, but until the world gets safer.\nSciple: Hopefully, that can happen, Lou, any last thoughts here on the defense universe before we send us all home?\nWhiteman: It's been a weird couple of years. We had the election last year and concerns about that, that I think we're overblown and now fresh chaos. This remains for me a sector that if you are very long-term and especially if you want dividends because you have a lot of approaching 3% dividend yields. I think it's still a safe place to go, but it is a long-term investment and you do, and there's tons of noise you have to block out, bullish and bearish.\nSciple: Lou, always love having you on the show, can't wait to have you back on again soon.\nWhiteman: Pleasure to be here, Nick.\nSciple: As always, people on the program may own companies discussed on the show and The Motley Fool may have formal recommendations for or against the stocks discussed, so don't buy or sell anything based on what you hear. Thanks to Tim Sparks for mixing the show. For Lou Whiteman, I'm Nick Sciple, thanks for listening and Fool on.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835462275,"gmtCreate":1629732727097,"gmtModify":1676530116323,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/835462275","repostId":"2161747692","repostType":4,"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832252769,"gmtCreate":1629643723051,"gmtModify":1676530084831,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/832252769","repostId":"1133515985","repostType":4,"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839067378,"gmtCreate":1629108510394,"gmtModify":1676529932668,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839067378","repostId":"1190567987","repostType":4,"repost":{"id":"1190567987","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1629107049,"share":"https://www.laohu8.com/m/news/1190567987?lang=&edition=full","pubTime":"2021-08-16 17:44","market":"us","language":"en","title":"5 Stocks To Watch For August 16, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1190567987","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects Fabrinet to report q","content":"<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects&nbsp;<b><a href=\"https://laohu8.com/S/FN\">Fabrinet</a> </b>to report quarterly earnings at $1.21 per share on revenue of $486.88 million after the closing bell. Fabrinet shares fell 1.3% to close at $90.68 on Friday.</li>\n <li><b><a href=\"https://laohu8.com/S/H\">Hyatt</a></b> announced plans to buy Apple Leisure Group from KKR &amp; Co and KSL Capital Partners for $2.7 billion in cash. Hyatt shares slipped 0.5% to close at $72.14 on Friday.</li>\n <li>Analysts expect&nbsp;<b><a href=\"https://laohu8.com/S/DOYU\">DouYu</a> </b><b><b>I</b></b><b>nternational Holdings Ltd</b>&nbsp;to report a quarterly loss at $0.05 per share on revenue of $361.59 million before the opening bell. DouYu shares gained 0.6% to $3.47 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/JCS\">Communications</a></b> <b>Systems, Inc</b>&nbsp;reported a Q2 loss of $0.20 per share, versus a year-ago loss of $0.21 per share. Its consolidated sales from continuing operations rose 14% to $11.0 million. Communications Systems shares fell 0.6% to settle at $6.91 on Friday.</li>\n <li>Analysts are expecting&nbsp;<b><a href=\"https://laohu8.com/S/RBLX\">Roblox Corporation</a> </b>to have earned $0.23 per share on revenue of $689.85 million in the latest quarter. The company will release earnings after the markets close. Roblox shares rose 0.1% to $84.04 in after-hours trading.</li>\n</ul>","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>5 Stocks To Watch For August 16, 2021</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\">\n5 Stocks To Watch For August 16, 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-16 17:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects&nbsp;<b><a href=\"https://laohu8.com/S/FN\">Fabrinet</a> </b>to report quarterly earnings at $1.21 per share on revenue of $486.88 million after the closing bell. Fabrinet shares fell 1.3% to close at $90.68 on Friday.</li>\n <li><b><a href=\"https://laohu8.com/S/H\">Hyatt</a></b> announced plans to buy Apple Leisure Group from KKR &amp; Co and KSL Capital Partners for $2.7 billion in cash. Hyatt shares slipped 0.5% to close at $72.14 on Friday.</li>\n <li>Analysts expect&nbsp;<b><a href=\"https://laohu8.com/S/DOYU\">DouYu</a> </b><b><b>I</b></b><b>nternational Holdings Ltd</b>&nbsp;to report a quarterly loss at $0.05 per share on revenue of $361.59 million before the opening bell. DouYu shares gained 0.6% to $3.47 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/JCS\">Communications</a></b> <b>Systems, Inc</b>&nbsp;reported a Q2 loss of $0.20 per share, versus a year-ago loss of $0.21 per share. Its consolidated sales from continuing operations rose 14% to $11.0 million. Communications Systems shares fell 0.6% to settle at $6.91 on Friday.</li>\n <li>Analysts are expecting&nbsp;<b><a href=\"https://laohu8.com/S/RBLX\">Roblox Corporation</a> </b>to have earned $0.23 per share on revenue of $689.85 million in the latest quarter. The company will release earnings after the markets close. Roblox shares rose 0.1% to $84.04 in after-hours trading.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DOYU":"斗鱼","FN":"Fabrinet","H":"凯悦酒店","RBLX":"Roblox Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190567987","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects Fabrinet to report quarterly earnings at $1.21 per share on revenue of $486.88 million after the closing bell. Fabrinet shares fell 1.3% to close at $90.68 on Friday.\nHyatt announced plans to buy Apple Leisure Group from KKR & Co and KSL Capital Partners for $2.7 billion in cash. Hyatt shares slipped 0.5% to close at $72.14 on Friday.\nAnalysts expect DouYu International Holdings Ltd to report a quarterly loss at $0.05 per share on revenue of $361.59 million before the opening bell. DouYu shares gained 0.6% to $3.47 in after-hours trading.\nCommunications Systems, Inc reported a Q2 loss of $0.20 per share, versus a year-ago loss of $0.21 per share. Its consolidated sales from continuing operations rose 14% to $11.0 million. Communications Systems shares fell 0.6% to settle at $6.91 on Friday.\nAnalysts are expecting Roblox Corporation to have earned $0.23 per share on revenue of $689.85 million in the latest quarter. The company will release earnings after the markets close. Roblox shares rose 0.1% to $84.04 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897274060,"gmtCreate":1628932797250,"gmtModify":1676529896290,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897274060","repostId":"2159521376","repostType":4,"repost":{"id":"2159521376","pubTimestamp":1628906786,"share":"https://www.laohu8.com/m/news/2159521376?lang=&edition=full","pubTime":"2021-08-14 10:06","market":"us","language":"en","title":"Chasing Tesla: Here are the current electric vehicle plans of every major car maker","url":"https://stock-news.laohu8.com/highlight/detail?id=2159521376","media":"MarketWatch","summary":"At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles ","content":"<p>At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.</p>\n<p>EVs accounted for 2.4% of U.S. cars sold in 2020, up from 0.7% five years ago, according to BloombergNEF. The research provider expects that share to increase to 11% in 2025; by 2030, it expects that slightly over a third of vehicles sold in the U.S. will be electric.</p>\n<p>Several auto makers had already announced bigger EV ambitions even before the White House call.</p>\n<p>Here are each major car maker's stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market.</p>\n<p>This information was collated from company sites, previous reports, and BloombergNEF projections, and will be updated regularly.</p>\n<p><b>Audi</b></p>\n<p>Audi, a brand known for its luxury cars and owned by Germany's Volkswagen AG , has promised to have battery-electric vehicles comprise 35% of its sales by 2025. By that time, Audi buyers will choose from about 20 EV models.</p>\n<p><b>BMW</b></p>\n<p>BMW AG , a luxury-car maker from Germany, was among the first EV innovators. It launched its i3 compact EV eight years ago, then as $one of the few serious competitors to Tesla Inc.'s vehicles.</p>\n<p>BMW's EV pipeline has slowed, but the auto maker has promised that 25% of its European sales will be all-electric and hybrid vehicles this year, and that all sales of its Mini brand will be battery electric by 2030. It expects to launch more than 10 battery EVs models in the next couple of years.</p>\n<p><b>Daimler/Mercedes-Benz</b></p>\n<p>Mercedes-Benz, owned by Daimler AG , expects that between 15% and 25% of its sales will be comprised of EV sales by 2025; by 2030, that percentage is expected to grow to 50%. Mercedes-Benz is slated to end 2021 offering three new electric passenger car models and more to come in 2022.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec4b2abd59e5b19c9eec0034342af25e\" tg-width=\"700\" tg-height=\"413\" width=\"100%\" height=\"auto\"><span>SOURCE: MERCEDES</span></p>\n<p><b>Ford</b></p>\n<p>Ford Motor Co. <a href=\"https://laohu8.com/S/F\">$(F)$</a> has said that 40% of its global sales by 2030 will be sales of EVs . Ford is aiming to have dozens of electrified models by 2022, the year that will also mark the debut of its much-awaited all-electric F-150 Lightning pickup truck.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3a44fec36dac046911679a2ba769cb2b\" tg-width=\"700\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>The Ford F-150 Lightning o JEFF KOWALSKY/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Ford has called the Lightning the \"pillar\" of its more than $22 billion bet on EVs, which includes EV models for other best-selling vehicles such as the Mustang and its Transit van.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87df52ddef1af1d1342d685897e83652\" tg-width=\"700\" tg-height=\"392\" width=\"100%\" height=\"auto\"><span>SOURCE: FORD</span></p>\n<p><b>GM</b></p>\n<p>General Motors Co. <a href=\"https://laohu8.com/S/GM\">$(GM)$</a> surprised Wall Street in January by saying it aims to phase out all of its internal combustion engine vehicles by 2035 and only sell zero-emission vehicles by then. The auto maker also promises to be carbon-neutral by 2040.</p>\n<p>GM has said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company's U.S. models will be battery electric vehicles by the end of 2025. Its Hummer electric is expected for next year, with production starting this fall.</p>\n<p><b>Honda</b></p>\n<p>The Japanese maker (7267.TO), which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030. In April 2020, Honda and GM announced a partnership to develop Honda electric cars using GM's Ultium batteries.</p>\n<p><b>Hyundai</b></p>\n<p>The Korean car maker , which also owns Kia, is aiming to have 40% of its Kia and Hyundai brands sales to be of EVs and fuel-cell electric vehicles by 2025. Its Hyundai brand plans on more than 30 electric passenger vehicles by then.</p>\n<p><b>Mazda</b></p>\n<p>Mazda plans to offer 5% of its vehicles as battery electric by 2030, but EV sales targets as a percentage of total sales are unknown at the moment. Mazda does not offer EVs in the U.S., but sells a few EV and hybrid models elsewhere.</p>\n<p><b>Nissan</b></p>\n<p>Nissan Motor Co. Ltd. was among the first auto makers to offer an all-electric vehicle, and its the Nissan Leaf for years was one of the few options available for those without the deep pockets needed for a Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> Model S.</p>\n<p>Nissan plans to offer 20 EV models in China by next year, and for the U.S. the company recently said it plans that more than 40% of its U.S. vehicle sales by 2030 will be fully electric.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5cbdfabce43725b3d966cf5db5b820f6\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>The Nissan Leaf NISSAN</span></p>\n<p><b>Porsche</b></p>\n<p>The car maker and almost synonym of sports cars is aiming to have half of its sales be of EV vehicles by 2025.</p>\n<p><b>Stellantis</b></p>\n<p><a href=\"https://laohu8.com/S/STLA\">Stellantis NV</a> (STLA.MI), the global auto maker formed earlier this year through the merger of Fiat Chrysler Automobiles NV and France's PSA Group, said in July it was investing $35 billion in EVs and adjacent technologies through 2025.</p>\n<p>By that year, Stellantis is expected to derive 31% of its U.S. sales and 38% of its European sales from EVs, percentages that are seen growing to 35% of U.S. sales and 70% of European sales by 2030.</p>\n<p><b>Subaru</b></p>\n<p>The Japanese maker is expected to derive 40% of its sales from EVs and hybrid electric vehicles by 2030.</p>\n<p><b>Toyota</b></p>\n<p>Some 70% of sales for the world's No. 1 car maker (7203.TO) are expected to come from EVs and fuel-cell electric vehicles by 2030. Toyota plans to offer 15 battery EV models by 2025. The car maker, of course, broke ground with its hybrid Toyota Prius two decades ago.</p>\n<p><b>Volkswagen</b></p>\n<p>The car maker is expected to derive 70% of its European sales from EVs and 50% of its U.S. sales from EVs by 2030. Volkswagen has pledged to spend about $40 billion through 2025 on EVs.</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>Chasing Tesla: Here are the current electric vehicle plans of every major car maker</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\">\nChasing Tesla: Here are the current electric vehicle plans of every major car maker\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/chasing-tesla-here-are-the-current-electric-vehicle-plans-of-every-major-car-maker-11628876816?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes ...</p>\n\n<a href=\"https://www.marketwatch.com/story/chasing-tesla-here-are-the-current-electric-vehicle-plans-of-every-major-car-maker-11628876816?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":{"NSANY":"日产汽车","DDAIF":"戴姆勒汽车","HYEVF":"Hyundai Elevator Co Ltd.","VLKAF":"Volkswagen AG","GM":"通用汽车","TSLA":"特斯拉","FUJHF":"Subaru Corporation ","HMC":"本田汽车","F":"福特汽车","STLA":"Stellantis NV","TM":"丰田汽车"},"source_url":"https://www.marketwatch.com/story/chasing-tesla-here-are-the-current-electric-vehicle-plans-of-every-major-car-maker-11628876816?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159521376","content_text":"At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.\nEVs accounted for 2.4% of U.S. cars sold in 2020, up from 0.7% five years ago, according to BloombergNEF. The research provider expects that share to increase to 11% in 2025; by 2030, it expects that slightly over a third of vehicles sold in the U.S. will be electric.\nSeveral auto makers had already announced bigger EV ambitions even before the White House call.\nHere are each major car maker's stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market.\nThis information was collated from company sites, previous reports, and BloombergNEF projections, and will be updated regularly.\nAudi\nAudi, a brand known for its luxury cars and owned by Germany's Volkswagen AG , has promised to have battery-electric vehicles comprise 35% of its sales by 2025. By that time, Audi buyers will choose from about 20 EV models.\nBMW\nBMW AG , a luxury-car maker from Germany, was among the first EV innovators. It launched its i3 compact EV eight years ago, then as $one of the few serious competitors to Tesla Inc.'s vehicles.\nBMW's EV pipeline has slowed, but the auto maker has promised that 25% of its European sales will be all-electric and hybrid vehicles this year, and that all sales of its Mini brand will be battery electric by 2030. It expects to launch more than 10 battery EVs models in the next couple of years.\nDaimler/Mercedes-Benz\nMercedes-Benz, owned by Daimler AG , expects that between 15% and 25% of its sales will be comprised of EV sales by 2025; by 2030, that percentage is expected to grow to 50%. Mercedes-Benz is slated to end 2021 offering three new electric passenger car models and more to come in 2022.\nSOURCE: MERCEDES\nFord\nFord Motor Co. $(F)$ has said that 40% of its global sales by 2030 will be sales of EVs . Ford is aiming to have dozens of electrified models by 2022, the year that will also mark the debut of its much-awaited all-electric F-150 Lightning pickup truck.\nThe Ford F-150 Lightning o JEFF KOWALSKY/AGENCE FRANCE-PRESSE/GETTY IMAGES\nFord has called the Lightning the \"pillar\" of its more than $22 billion bet on EVs, which includes EV models for other best-selling vehicles such as the Mustang and its Transit van.\nSOURCE: FORD\nGM\nGeneral Motors Co. $(GM)$ surprised Wall Street in January by saying it aims to phase out all of its internal combustion engine vehicles by 2035 and only sell zero-emission vehicles by then. The auto maker also promises to be carbon-neutral by 2040.\nGM has said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company's U.S. models will be battery electric vehicles by the end of 2025. Its Hummer electric is expected for next year, with production starting this fall.\nHonda\nThe Japanese maker (7267.TO), which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030. In April 2020, Honda and GM announced a partnership to develop Honda electric cars using GM's Ultium batteries.\nHyundai\nThe Korean car maker , which also owns Kia, is aiming to have 40% of its Kia and Hyundai brands sales to be of EVs and fuel-cell electric vehicles by 2025. Its Hyundai brand plans on more than 30 electric passenger vehicles by then.\nMazda\nMazda plans to offer 5% of its vehicles as battery electric by 2030, but EV sales targets as a percentage of total sales are unknown at the moment. Mazda does not offer EVs in the U.S., but sells a few EV and hybrid models elsewhere.\nNissan\nNissan Motor Co. Ltd. was among the first auto makers to offer an all-electric vehicle, and its the Nissan Leaf for years was one of the few options available for those without the deep pockets needed for a Tesla Inc. $(TSLA)$ Model S.\nNissan plans to offer 20 EV models in China by next year, and for the U.S. the company recently said it plans that more than 40% of its U.S. vehicle sales by 2030 will be fully electric.\nThe Nissan Leaf NISSAN\nPorsche\nThe car maker and almost synonym of sports cars is aiming to have half of its sales be of EV vehicles by 2025.\nStellantis\nStellantis NV (STLA.MI), the global auto maker formed earlier this year through the merger of Fiat Chrysler Automobiles NV and France's PSA Group, said in July it was investing $35 billion in EVs and adjacent technologies through 2025.\nBy that year, Stellantis is expected to derive 31% of its U.S. sales and 38% of its European sales from EVs, percentages that are seen growing to 35% of U.S. sales and 70% of European sales by 2030.\nSubaru\nThe Japanese maker is expected to derive 40% of its sales from EVs and hybrid electric vehicles by 2030.\nToyota\nSome 70% of sales for the world's No. 1 car maker (7203.TO) are expected to come from EVs and fuel-cell electric vehicles by 2030. Toyota plans to offer 15 battery EV models by 2025. The car maker, of course, broke ground with its hybrid Toyota Prius two decades ago.\nVolkswagen\nThe car maker is expected to derive 70% of its European sales from EVs and 50% of its U.S. sales from EVs by 2030. Volkswagen has pledged to spend about $40 billion through 2025 on EVs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894400102,"gmtCreate":1628843832706,"gmtModify":1676529872375,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon and sun!","listText":"To the moon and sun!","text":"To the moon and sun!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/894400102","repostId":"1161741439","repostType":4,"repost":{"id":"1161741439","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":1628842731,"share":"https://www.laohu8.com/m/news/1161741439?lang=&edition=full","pubTime":"2021-08-13 16:18","market":"us","language":"en","title":"Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1161741439","media":"Tiger Newspress","summary":"Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.\nFTFT shares were up ne","content":"<p>Blockchain stocks gained in premarket trading,BTCM&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;11%.</p>\n<p><img src=\"https://static.tigerbbs.com/c826dc66926776e4077be3866a864182\" tg-width=\"897\" tg-height=\"607\" referrerpolicy=\"no-referrer\">FTFT&nbsp;shares&nbsp;were&nbsp;up&nbsp;nearly&nbsp;7%,BITF&nbsp;shares&nbsp;popped&nbsp;more&nbsp;than&nbsp;5%.</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>Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.</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\">\nBlockchain stocks gained in premarket trading,BTCM shares rose more than 11%.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-13 16:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Blockchain stocks gained in premarket trading,BTCM&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;11%.</p>\n<p><img src=\"https://static.tigerbbs.com/c826dc66926776e4077be3866a864182\" tg-width=\"897\" tg-height=\"607\" referrerpolicy=\"no-referrer\">FTFT&nbsp;shares&nbsp;were&nbsp;up&nbsp;nearly&nbsp;7%,BITF&nbsp;shares&nbsp;popped&nbsp;more&nbsp;than&nbsp;5%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BTCM":"BIT Mining"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161741439","content_text":"Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.\nFTFT shares were up nearly 7%,BITF shares popped more than 5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":43,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895362135,"gmtCreate":1628725124727,"gmtModify":1676529830618,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the Sun!","listText":"To the Sun!","text":"To the Sun!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895362135","repostId":"2158235575","repostType":4,"repost":{"id":"2158235575","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":1628723223,"share":"https://www.laohu8.com/m/news/2158235575?lang=&edition=full","pubTime":"2021-08-12 07:07","market":"hk","language":"en","title":"Slowing inflation growth lifts Dow, S&P to records","url":"https://stock-news.laohu8.com/highlight/detail?id=2158235575","media":"Reuters","summary":"U.S. CPI growth slows in July\n\n\nCoinbase Global jumps on posting upbeat Q2 profit\n\n\nVirgin Galactic ","content":"<ul>\n <li>U.S. CPI growth slows in July</li>\n</ul>\n<ul>\n <li>Coinbase Global jumps on posting upbeat Q2 profit</li>\n</ul>\n<ul>\n <li>Virgin Galactic slides as MS downgrades to \"underweight\"</li>\n</ul>\n<ul>\n <li>Dow up 0.62%, S&amp;P 500 up 0.25%, Nasdaq down 0.16%</li>\n</ul>\n<p>NEW YORK, Aug 11 (Reuters) - The Dow Jones Industrial Average and S&amp;P 500 closed at record levels on Wednesday, as data indicated U.S. inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill.</p>\n<p>The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.</p>\n<p>\"Certainly, the numbers show you more deceleration,\" said Steven Ricchiuto, U.S. chief economist at Mizuho Securities USA LLC in New York.</p>\n<p>\"This number is going to put the Fed in a little bit of a quandary because they've gone out with all this rhetoric about tapering, about tightening rates, about being defensive and the inflation numbers aren't quite where they should be, but they’re certainly not showing that this thing is out of control.\"</p>\n<p>Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated.</p>\n<p>Kansas City Federal Reserve President Esther George said on Wednesday that with the U.S. economy growing at a robust pace, it signals the \"time has come to dial back the settings.\" In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October.</p>\n<p>The <a href=\"https://laohu8.com/S/.DJI\">DJIA</a>&nbsp;rose 220.3 points, or 0.62%, to 35,484.97, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 10.95 points, or 0.25%, to 4,447.7 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> dropped 22.95 points, or 0.16%, to 14,765.14.</p>\n<p>After the U.S. Senate passed a $1 trillion bipartisan infrastructure package on Tuesday, an additional $3.5 trillion budget plan full of new domestic programs was also approved by the legislative body but disagreements within the Democratic party threatened the size and scope of the spending.</p>\n<p>Shares of equipment maker <a href=\"https://laohu8.com/S/CAT\">Caterpillar</a> advanced 3.55% and was the biggest boost to the Dow and peer <a href=\"https://laohu8.com/S/DE\">John Deere</a>&nbsp;gained 2.51%. Also moving higher were construction materials supplier <a href=\"https://laohu8.com/S/VMC\">Vulcan Materials</a>, up 3.24% and steelmaker <a href=\"https://laohu8.com/S/NUE\">Nucor</a>, up 3.91% building on gains in the prior session on expectations of benefiting from infrastructure projects.</p>\n<p>The materials and industrials&nbsp;were the best performing of the 11 major S&amp;P sectors.</p>\n<p>Technology stocks moved off earlier lows in the wake of a strong 10-year note auction, which sent yields&nbsp;lower after a five day streak of gains session amid optimism about a stronger economic reopening.</p>\n<p><a href=\"https://laohu8.com/S/NLOK\">NortonLifeLock Inc.</a> jumped 8.70% after the cybersecurity company agreed to buy London-listed rival Avast&nbsp;for up to $8.6 billion.</p>\n<p><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a> climbed 3.24% after the cryptocurrency exchange beat market estimates for second-quarter profit, helped by a near 38% jump in trading volumes on a sequential basis.</p>\n<p><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a> plunged 12.67% after <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> downgraded the stock to \"underweight\" from \"equal-weight\", pointing to a prolonged period of no flights.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.08-to-1 ratio; on Nasdaq, a 1.15-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 56 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 94 new highs and 112 new lows.</p>\n<p>Volume on U.S. exchanges was 8.62 billion shares, compared with the 9.55 billion average for the full session over the last 20 trading days.</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>Slowing inflation growth lifts Dow, S&P to records</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\">\nSlowing inflation growth lifts Dow, S&P to records\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\">2021-08-12 07:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>U.S. CPI growth slows in July</li>\n</ul>\n<ul>\n <li>Coinbase Global jumps on posting upbeat Q2 profit</li>\n</ul>\n<ul>\n <li>Virgin Galactic slides as MS downgrades to \"underweight\"</li>\n</ul>\n<ul>\n <li>Dow up 0.62%, S&amp;P 500 up 0.25%, Nasdaq down 0.16%</li>\n</ul>\n<p>NEW YORK, Aug 11 (Reuters) - The Dow Jones Industrial Average and S&amp;P 500 closed at record levels on Wednesday, as data indicated U.S. inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill.</p>\n<p>The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.</p>\n<p>\"Certainly, the numbers show you more deceleration,\" said Steven Ricchiuto, U.S. chief economist at Mizuho Securities USA LLC in New York.</p>\n<p>\"This number is going to put the Fed in a little bit of a quandary because they've gone out with all this rhetoric about tapering, about tightening rates, about being defensive and the inflation numbers aren't quite where they should be, but they’re certainly not showing that this thing is out of control.\"</p>\n<p>Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated.</p>\n<p>Kansas City Federal Reserve President Esther George said on Wednesday that with the U.S. economy growing at a robust pace, it signals the \"time has come to dial back the settings.\" In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October.</p>\n<p>The <a href=\"https://laohu8.com/S/.DJI\">DJIA</a>&nbsp;rose 220.3 points, or 0.62%, to 35,484.97, the <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 10.95 points, or 0.25%, to 4,447.7 and the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> dropped 22.95 points, or 0.16%, to 14,765.14.</p>\n<p>After the U.S. Senate passed a $1 trillion bipartisan infrastructure package on Tuesday, an additional $3.5 trillion budget plan full of new domestic programs was also approved by the legislative body but disagreements within the Democratic party threatened the size and scope of the spending.</p>\n<p>Shares of equipment maker <a href=\"https://laohu8.com/S/CAT\">Caterpillar</a> advanced 3.55% and was the biggest boost to the Dow and peer <a href=\"https://laohu8.com/S/DE\">John Deere</a>&nbsp;gained 2.51%. Also moving higher were construction materials supplier <a href=\"https://laohu8.com/S/VMC\">Vulcan Materials</a>, up 3.24% and steelmaker <a href=\"https://laohu8.com/S/NUE\">Nucor</a>, up 3.91% building on gains in the prior session on expectations of benefiting from infrastructure projects.</p>\n<p>The materials and industrials&nbsp;were the best performing of the 11 major S&amp;P sectors.</p>\n<p>Technology stocks moved off earlier lows in the wake of a strong 10-year note auction, which sent yields&nbsp;lower after a five day streak of gains session amid optimism about a stronger economic reopening.</p>\n<p><a href=\"https://laohu8.com/S/NLOK\">NortonLifeLock Inc.</a> jumped 8.70% after the cybersecurity company agreed to buy London-listed rival Avast&nbsp;for up to $8.6 billion.</p>\n<p><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a> climbed 3.24% after the cryptocurrency exchange beat market estimates for second-quarter profit, helped by a near 38% jump in trading volumes on a sequential basis.</p>\n<p><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a> plunged 12.67% after <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> downgraded the stock to \"underweight\" from \"equal-weight\", pointing to a prolonged period of no flights.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.08-to-1 ratio; on Nasdaq, a 1.15-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 56 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 94 new highs and 112 new lows.</p>\n<p>Volume on U.S. exchanges was 8.62 billion shares, compared with the 9.55 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯","DE":"迪尔股份有限公司","COIN":"Coinbase Global, Inc.","UPRO":"三倍做多标普500ETF",".IXIC":"NASDAQ Composite","UDOW":"道指三倍做多ETF-ProShares","OEX":"标普100",".SPX":"S&P 500 Index","VMC":"火神材料","SPCE":"维珍银河","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF","NUE":"纽柯钢铁","QID":"纳指两倍做空ETF","DOG":"道指反向ETF","TQQQ":"纳指三倍做多ETF","SDS":"两倍做空标普500ETF","CAT":"卡特彼勒","DXD":"道指两倍做空ETF","DJX":"1/100道琼斯","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158235575","content_text":"U.S. CPI growth slows in July\n\n\nCoinbase Global jumps on posting upbeat Q2 profit\n\n\nVirgin Galactic slides as MS downgrades to \"underweight\"\n\n\nDow up 0.62%, S&P 500 up 0.25%, Nasdaq down 0.16%\n\nNEW YORK, Aug 11 (Reuters) - The Dow Jones Industrial Average and S&P 500 closed at record levels on Wednesday, as data indicated U.S. inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill.\nThe Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.\n\"Certainly, the numbers show you more deceleration,\" said Steven Ricchiuto, U.S. chief economist at Mizuho Securities USA LLC in New York.\n\"This number is going to put the Fed in a little bit of a quandary because they've gone out with all this rhetoric about tapering, about tightening rates, about being defensive and the inflation numbers aren't quite where they should be, but they’re certainly not showing that this thing is out of control.\"\nInvestors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated.\nKansas City Federal Reserve President Esther George said on Wednesday that with the U.S. economy growing at a robust pace, it signals the \"time has come to dial back the settings.\" In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October.\nThe DJIA rose 220.3 points, or 0.62%, to 35,484.97, the S&P 500 gained 10.95 points, or 0.25%, to 4,447.7 and the NASDAQ dropped 22.95 points, or 0.16%, to 14,765.14.\nAfter the U.S. Senate passed a $1 trillion bipartisan infrastructure package on Tuesday, an additional $3.5 trillion budget plan full of new domestic programs was also approved by the legislative body but disagreements within the Democratic party threatened the size and scope of the spending.\nShares of equipment maker Caterpillar advanced 3.55% and was the biggest boost to the Dow and peer John Deere gained 2.51%. Also moving higher were construction materials supplier Vulcan Materials, up 3.24% and steelmaker Nucor, up 3.91% building on gains in the prior session on expectations of benefiting from infrastructure projects.\nThe materials and industrials were the best performing of the 11 major S&P sectors.\nTechnology stocks moved off earlier lows in the wake of a strong 10-year note auction, which sent yields lower after a five day streak of gains session amid optimism about a stronger economic reopening.\nNortonLifeLock Inc. jumped 8.70% after the cybersecurity company agreed to buy London-listed rival Avast for up to $8.6 billion.\nCoinbase Global, Inc. climbed 3.24% after the cryptocurrency exchange beat market estimates for second-quarter profit, helped by a near 38% jump in trading volumes on a sequential basis.\nVirgin Galactic plunged 12.67% after Morgan Stanley downgraded the stock to \"underweight\" from \"equal-weight\", pointing to a prolonged period of no flights.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.08-to-1 ratio; on Nasdaq, a 1.15-to-1 ratio favored advancers.\nThe S&P 500 posted 56 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 94 new highs and 112 new lows.\nVolume on U.S. exchanges was 8.62 billion shares, compared with the 9.55 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892829671,"gmtCreate":1628649155193,"gmtModify":1676529808761,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"TO THE MOON!","listText":"TO THE MOON!","text":"TO THE MOON!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892829671","repostId":"2158035654","repostType":4,"repost":{"id":"2158035654","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":1628636676,"share":"https://www.laohu8.com/m/news/2158035654?lang=&edition=full","pubTime":"2021-08-11 07:04","market":"us","language":"en","title":"Dow, S&P 500 close at records as U.S. infrastructure bill clears Senate","url":"https://stock-news.laohu8.com/highlight/detail?id=2158035654","media":"Reuters","summary":"'Meme stock' AMC gives up early gains and closes down. Kansas City Southern jumps as Canadian Pacific ups buyout offer. NEW YORK, Aug 10  - Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark $S&P 500$ closing at record highs, as economically sensitive value stocks gained with the U.S. Senate's passage of a $1 trillion bipartisan infrastructure package.The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, ","content":"<ul>\n <li>U.S. Senate votes to pass infrastructure package</li>\n</ul>\n<ul>\n <li>'Meme stock' AMC gives up early gains and closes down</li>\n</ul>\n<ul>\n <li>Kansas City Southern jumps as Canadian Pacific ups buyout offer</li>\n</ul>\n<ul>\n <li>Dow up 0.46%, S&amp;P 500 up 0.10%, Nasdaq down 0.49%</li>\n</ul>\n<p>NEW YORK, Aug 10 (Reuters) - Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> closing at record highs, as economically sensitive value stocks gained with the U.S. Senate's passage of a $1 trillion bipartisan infrastructure package.</p>\n<p>The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.</p>\n<p>\"The market is looking at it as part one&nbsp;is a done deal, the market is OK with that,\" said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.</p>\n<p>\"I do not believe the market is going to be OK with $3.5 trillion but there is still the possibility they are able to block it, or slow it, and have more conversation so the market isn’t focusing on that one yet.\"</p>\n<p>Energy, industrials and materials, which stand to benefit from an economic recovery, were among the top performing S&amp;P sectors, while names such as Caterpillar, Deere and Vulcan Materials each rose about 2% as they are poised to reap the gains of infrastructure projects.</p>\n<p>The <a href=\"https://laohu8.com/S/EEME\">iShares</a> US Infrastructure ETF rose 1.45% and the <a href=\"https://laohu8.com/S/PAVE\">Global X US Infrastructure Development ETF</a> advanced 2.19%.</p>\n<p>Energy shares were buoyed as recently beaten down crude prices jumped nearly 3%.</p>\n<p>The <a href=\"https://laohu8.com/S/.DJI\">DJIA</a> rose 162.82 points, or 0.46%, to 35,264.67, the S&amp;P 500 gained 4.4 points, or 0.10%, to 4,436.75 and&nbsp;the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> dropped 72.09 points, or 0.49%, to 14,788.09.</p>\n<p>With new coronavirus cases rising in the United States, progress on the infrastructure package should support the recovery in the world's largest economy.</p>\n<p>The rapid spread of the Delta variant has pushed COVID-19 cases and hospitalizations to a six-month high, with cases averaging 100,000 for three days in a row - up 35% over the past week.</p>\n<p>Investor will also watch inflation numbers this week for more insight into the Federal Reserve's monetary policy plans, in the wake of comments from two Fed officials on Monday that inflation was already at a level that could satisfy one portion of the requirement for the beginning of rate hikes.</p>\n<p><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> gave up early gains and ended the session 6.07% lower even after beating second-quarter revenue estimates as moviegoers returned to its theaters after a year of closures and restrictions.</p>\n<p><a href=\"https://laohu8.com/S/KSU\">Kansas City Southern</a> gained 7.47% after Canadian Pacific Railway Ltd raised its offer for the U.S. railroad operator by about $2 billion to $27.29 billion.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 50 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 95 new lows.</p>\n<p>Volume on U.S. exchanges was 8.99 billion shares, compared with the 9.61 billion average for the full session over the last 20 trading days.</p>\n<p><i>Click&nbsp;the&nbsp;following&nbsp;topics&nbsp;to&nbsp;get&nbsp;more&nbsp;information&nbsp;about&nbsp;the&nbsp;financial&nbsp;reports&nbsp;of&nbsp;Coinbase,&nbsp;FuboTV</i><i>&nbsp;and&nbsp;Unity</i><i><i>:</i></i></p>\n<p><a href=\"https://laohu8.com/NW/1198801747\" target=\"_blank\">Coinbase profits surge following volatile stretch of cryptocurrency trading</a></p>\n<p><a href=\"https://laohu8.com/NW/1173905680\" target=\"_blank\">FuboTV stock jumps more than 10% after sports-focused streamer predicts sales will double in 2021</a></p>\n<p><a href=\"https://laohu8.com/NW/1144323106\" target=\"_blank\">Unity gains 2% after Q2 beat, strong revenue guidance</a></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow, S&P 500 close at records as U.S. infrastructure bill clears Senate\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\">2021-08-11 07:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>U.S. Senate votes to pass infrastructure package</li>\n</ul>\n<ul>\n <li>'Meme stock' AMC gives up early gains and closes down</li>\n</ul>\n<ul>\n <li>Kansas City Southern jumps as Canadian Pacific ups buyout offer</li>\n</ul>\n<ul>\n <li>Dow up 0.46%, S&amp;P 500 up 0.10%, Nasdaq down 0.49%</li>\n</ul>\n<p>NEW YORK, Aug 10 (Reuters) - Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> closing at record highs, as economically sensitive value stocks gained with the U.S. Senate's passage of a $1 trillion bipartisan infrastructure package.</p>\n<p>The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.</p>\n<p>\"The market is looking at it as part one&nbsp;is a done deal, the market is OK with that,\" said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.</p>\n<p>\"I do not believe the market is going to be OK with $3.5 trillion but there is still the possibility they are able to block it, or slow it, and have more conversation so the market isn’t focusing on that one yet.\"</p>\n<p>Energy, industrials and materials, which stand to benefit from an economic recovery, were among the top performing S&amp;P sectors, while names such as Caterpillar, Deere and Vulcan Materials each rose about 2% as they are poised to reap the gains of infrastructure projects.</p>\n<p>The <a href=\"https://laohu8.com/S/EEME\">iShares</a> US Infrastructure ETF rose 1.45% and the <a href=\"https://laohu8.com/S/PAVE\">Global X US Infrastructure Development ETF</a> advanced 2.19%.</p>\n<p>Energy shares were buoyed as recently beaten down crude prices jumped nearly 3%.</p>\n<p>The <a href=\"https://laohu8.com/S/.DJI\">DJIA</a> rose 162.82 points, or 0.46%, to 35,264.67, the S&amp;P 500 gained 4.4 points, or 0.10%, to 4,436.75 and&nbsp;the <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> dropped 72.09 points, or 0.49%, to 14,788.09.</p>\n<p>With new coronavirus cases rising in the United States, progress on the infrastructure package should support the recovery in the world's largest economy.</p>\n<p>The rapid spread of the Delta variant has pushed COVID-19 cases and hospitalizations to a six-month high, with cases averaging 100,000 for three days in a row - up 35% over the past week.</p>\n<p>Investor will also watch inflation numbers this week for more insight into the Federal Reserve's monetary policy plans, in the wake of comments from two Fed officials on Monday that inflation was already at a level that could satisfy one portion of the requirement for the beginning of rate hikes.</p>\n<p><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> gave up early gains and ended the session 6.07% lower even after beating second-quarter revenue estimates as moviegoers returned to its theaters after a year of closures and restrictions.</p>\n<p><a href=\"https://laohu8.com/S/KSU\">Kansas City Southern</a> gained 7.47% after Canadian Pacific Railway Ltd raised its offer for the U.S. railroad operator by about $2 billion to $27.29 billion.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 50 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 95 new lows.</p>\n<p>Volume on U.S. exchanges was 8.99 billion shares, compared with the 9.61 billion average for the full session over the last 20 trading days.</p>\n<p><i>Click&nbsp;the&nbsp;following&nbsp;topics&nbsp;to&nbsp;get&nbsp;more&nbsp;information&nbsp;about&nbsp;the&nbsp;financial&nbsp;reports&nbsp;of&nbsp;Coinbase,&nbsp;FuboTV</i><i>&nbsp;and&nbsp;Unity</i><i><i>:</i></i></p>\n<p><a href=\"https://laohu8.com/NW/1198801747\" target=\"_blank\">Coinbase profits surge following volatile stretch of cryptocurrency trading</a></p>\n<p><a href=\"https://laohu8.com/NW/1173905680\" target=\"_blank\">FuboTV stock jumps more than 10% after sports-focused streamer predicts sales will double in 2021</a></p>\n<p><a href=\"https://laohu8.com/NW/1144323106\" target=\"_blank\">Unity gains 2% after Q2 beat, strong revenue guidance</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","IVV":"标普500指数ETF","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","VMC":"火神材料","SPY":"标普500ETF","AMC":"AMC院线","UPRO":"三倍做多标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","OEX":"标普100","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","CAT":"卡特彼勒","KSU":"堪萨斯南方铁路"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158035654","content_text":"U.S. Senate votes to pass infrastructure package\n\n\n'Meme stock' AMC gives up early gains and closes down\n\n\nKansas City Southern jumps as Canadian Pacific ups buyout offer\n\n\nDow up 0.46%, S&P 500 up 0.10%, Nasdaq down 0.49%\n\nNEW YORK, Aug 10 (Reuters) - Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark S&P 500 closing at record highs, as economically sensitive value stocks gained with the U.S. Senate's passage of a $1 trillion bipartisan infrastructure package.\nThe bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.\n\"The market is looking at it as part one is a done deal, the market is OK with that,\" said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.\n\"I do not believe the market is going to be OK with $3.5 trillion but there is still the possibility they are able to block it, or slow it, and have more conversation so the market isn’t focusing on that one yet.\"\nEnergy, industrials and materials, which stand to benefit from an economic recovery, were among the top performing S&P sectors, while names such as Caterpillar, Deere and Vulcan Materials each rose about 2% as they are poised to reap the gains of infrastructure projects.\nThe iShares US Infrastructure ETF rose 1.45% and the Global X US Infrastructure Development ETF advanced 2.19%.\nEnergy shares were buoyed as recently beaten down crude prices jumped nearly 3%.\nThe DJIA rose 162.82 points, or 0.46%, to 35,264.67, the S&P 500 gained 4.4 points, or 0.10%, to 4,436.75 and the NASDAQ dropped 72.09 points, or 0.49%, to 14,788.09.\nWith new coronavirus cases rising in the United States, progress on the infrastructure package should support the recovery in the world's largest economy.\nThe rapid spread of the Delta variant has pushed COVID-19 cases and hospitalizations to a six-month high, with cases averaging 100,000 for three days in a row - up 35% over the past week.\nInvestor will also watch inflation numbers this week for more insight into the Federal Reserve's monetary policy plans, in the wake of comments from two Fed officials on Monday that inflation was already at a level that could satisfy one portion of the requirement for the beginning of rate hikes.\nAMC Entertainment gave up early gains and ended the session 6.07% lower even after beating second-quarter revenue estimates as moviegoers returned to its theaters after a year of closures and restrictions.\nKansas City Southern gained 7.47% after Canadian Pacific Railway Ltd raised its offer for the U.S. railroad operator by about $2 billion to $27.29 billion.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored decliners.\nThe S&P 500 posted 50 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 95 new lows.\nVolume on U.S. exchanges was 8.99 billion shares, compared with the 9.61 billion average for the full session over the last 20 trading days.\nClick the following topics to get more information about the financial reports of Coinbase, FuboTV and Unity:\nCoinbase profits surge following volatile stretch of cryptocurrency trading\nFuboTV stock jumps more than 10% after sports-focused streamer predicts sales will double in 2021\nUnity gains 2% after Q2 beat, strong revenue guidance","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896918652,"gmtCreate":1628551314476,"gmtModify":1703507844141,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"to the moon!","listText":"to the moon!","text":"to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896918652","repostId":"1142685473","repostType":4,"isVote":1,"tweetType":1,"viewCount":61,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":886686620,"gmtCreate":1631585813660,"gmtModify":1676530582687,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"moon!!","listText":"moon!!","text":"moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/886686620","repostId":"1178276551","repostType":4,"repost":{"id":"1178276551","pubTimestamp":1631574947,"share":"https://www.laohu8.com/m/news/1178276551?lang=&edition=full","pubTime":"2021-09-14 07:15","market":"us","language":"en","title":"S&P 500 snaps losing streak with tax hikes, inflation data on horizon","url":"https://stock-news.laohu8.com/highlight/detail?id=1178276551","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.</p>\n<p>The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.</p>\n<p>Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.</p>\n<p>“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”</p>\n<p>Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.</p>\n<p>Goldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&amp;P 500 earnings by 5% in 2022.</p>\n<p>The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.</p>\n<p>“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”</p>\n<p>Other key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.</p>\n<p>The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&amp;P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.</p>\n<p>Of the 11 major sectors in the S&amp;P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.</p>\n<p>Shares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.</p>\n<p>Coinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.</p>\n<p>Salesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.</p>\n<p>Volume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.</p>","source":"lsy1601381805984","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>S&P 500 snaps losing streak with tax hikes, inflation data on horizon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 snaps losing streak with tax hikes, inflation data on horizon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 07:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178276551","content_text":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.\nInvestors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.\n“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”\nMarket participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.\nGoldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.\nThe Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.\n“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”\nOther key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.\nThe Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.\nOf the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.\nShares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.\nCoinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.\nSalesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.\nThe S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.\nVolume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832252769,"gmtCreate":1629643723051,"gmtModify":1676530084831,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/832252769","repostId":"1133515985","repostType":4,"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894400102,"gmtCreate":1628843832706,"gmtModify":1676529872375,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon and sun!","listText":"To the moon and sun!","text":"To the moon and sun!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/894400102","repostId":"1161741439","repostType":4,"repost":{"id":"1161741439","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":1628842731,"share":"https://www.laohu8.com/m/news/1161741439?lang=&edition=full","pubTime":"2021-08-13 16:18","market":"us","language":"en","title":"Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1161741439","media":"Tiger Newspress","summary":"Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.\nFTFT shares were up ne","content":"<p>Blockchain stocks gained in premarket trading,BTCM&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;11%.</p>\n<p><img src=\"https://static.tigerbbs.com/c826dc66926776e4077be3866a864182\" tg-width=\"897\" tg-height=\"607\" referrerpolicy=\"no-referrer\">FTFT&nbsp;shares&nbsp;were&nbsp;up&nbsp;nearly&nbsp;7%,BITF&nbsp;shares&nbsp;popped&nbsp;more&nbsp;than&nbsp;5%.</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>Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlockchain stocks gained in premarket trading,BTCM shares rose more than 11%.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-13 16:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Blockchain stocks gained in premarket trading,BTCM&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;11%.</p>\n<p><img src=\"https://static.tigerbbs.com/c826dc66926776e4077be3866a864182\" tg-width=\"897\" tg-height=\"607\" referrerpolicy=\"no-referrer\">FTFT&nbsp;shares&nbsp;were&nbsp;up&nbsp;nearly&nbsp;7%,BITF&nbsp;shares&nbsp;popped&nbsp;more&nbsp;than&nbsp;5%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BTCM":"BIT Mining"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161741439","content_text":"Blockchain stocks gained in premarket trading,BTCM shares rose more than 11%.\nFTFT shares were up nearly 7%,BITF shares popped more than 5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":43,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888003339,"gmtCreate":1631410874321,"gmtModify":1676530542275,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888003339","repostId":"2166772293","repostType":4,"isVote":1,"tweetType":1,"viewCount":782,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835462275,"gmtCreate":1629732727097,"gmtModify":1676530116323,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/835462275","repostId":"2161747692","repostType":4,"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880593614,"gmtCreate":1631063578039,"gmtModify":1676530456418,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880593614","repostId":"2165350503","repostType":4,"repost":{"id":"2165350503","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":1631055124,"share":"https://www.laohu8.com/m/news/2165350503?lang=&edition=full","pubTime":"2021-09-08 06:52","market":"us","language":"en","title":"S&P 500 ends down, Big Tech lifts Nasdaq to record","url":"https://stock-news.laohu8.com/highlight/detail?id=2165350503","media":"Reuters","summary":"* Indexes end: S&P 500 -0.34%, Nasdaq +0.07%, Dow -0.76%. The S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.Amgen Inc fell 2.2% and Merck & Co lost 1.7% after $Morgan Stanley$ cut its rating on the stocks to \"equal-weight\" from \"overweight.\". The Nasdaq was supported by Big Tech stocks that have fueled W","content":"<p>* Drugmakers Amgen, Merck dip after rating cuts</p>\n<p>* Apple and Netflix hit record highs</p>\n<p>* Boeing drops after Ryanair ends jet order talks</p>\n<p>* Indexes end: S&amp;P 500 -0.34%, Nasdaq +0.07%, Dow -0.76%</p>\n<p>The S&amp;P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.</p>\n<p>Amgen Inc fell 2.2% and Merck &amp; Co lost 1.7% after <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> cut its rating on the stocks to \"equal-weight\" from \"overweight.\"</p>\n<p>The Nasdaq was supported by Big Tech stocks that have fueled Wall Street's gains in recent years. Apple rose 1.6% and Netflix added 2.7%, both hitting record highs.</p>\n<p>\"You could call it a gravitation toward Big Tech. As people feel a bit uncertain about how COVID will play out, you don’t have your reopening worries with those companies,\" said Tom Martin, senior portfolio manager at Globalt Investments in Atlanta.</p>\n<p>Much of the rest of Wall Street fell. Eight of the eleven sub-indexes traded lower, with economy-sensitive sectors like industrials down 1.8% and utilities dipping 1.4%. The real estate index lost 1.1%.</p>\n<p>Tepid August payrolls data on Friday last week raised concerns that the economic recovery was slowing down.</p>\n<p>On Tuesday, Morgan Stanley cut its rating on U.S. stocks to underweight, pointing to risks related to economic growth, policy and legislation, and warning it expects the next two months to be \"bumpy.\"</p>\n<p>Accommodative central bank policies and reopening optimism have pushed the S&amp;P 500 and Nasdaq to record highs over the past few weeks, but concerns are growing about rising coronavirus infections due to the Delta variant and its impact on the economic recovery.</p>\n<p>Analysts on average expect S&amp;P 500 companies to increase their earnings per share by 30% in the September quarter, following a 96% surge in the second quarter, according to I/B/E/S data from Refinitiv.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 0.76% to end at 35,100 points, while the S&amp;P 500 lost 0.34% to 4,520.03.</p>\n<p>The Nasdaq Composite climbed 0.07% to 15,374.33.</p>\n<p>The S&amp;P 500 remains up about 20% year to date, and the Nasdaq is up about 19%.</p>\n<p>Boeing Co dropped 1.8% after Ireland's Ryanair&nbsp;said it had ended talks with the planemaker over a purchase of 737 MAX 10 jets worth tens of billions of dollars due to differences over price.</p>\n<p>Match Group Inc jumped over 7% after the S&amp;P Dow Jones Indices said on Friday the Tinder parent will join the benchmark index.</p>\n<p><a href=\"https://laohu8.com/S/CXP\">Columbia Property Trust Inc</a> surged 15% after Pacific Investment Management Company said it would buy the company for $2.2 billion.</p>\n<p>Volume on U.S. exchanges was 9.2 billion shares, compared with the 9.0 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.27-to-1 ratio; on Nasdaq, a 1.65-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 19 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 120 new highs and 24 new lows.</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>S&P 500 ends down, Big Tech lifts Nasdaq to record</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 ends down, Big Tech lifts Nasdaq to record\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\">2021-09-08 06:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Drugmakers Amgen, Merck dip after rating cuts</p>\n<p>* Apple and Netflix hit record highs</p>\n<p>* Boeing drops after Ryanair ends jet order talks</p>\n<p>* Indexes end: S&amp;P 500 -0.34%, Nasdaq +0.07%, Dow -0.76%</p>\n<p>The S&amp;P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.</p>\n<p>Amgen Inc fell 2.2% and Merck &amp; Co lost 1.7% after <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> cut its rating on the stocks to \"equal-weight\" from \"overweight.\"</p>\n<p>The Nasdaq was supported by Big Tech stocks that have fueled Wall Street's gains in recent years. Apple rose 1.6% and Netflix added 2.7%, both hitting record highs.</p>\n<p>\"You could call it a gravitation toward Big Tech. As people feel a bit uncertain about how COVID will play out, you don’t have your reopening worries with those companies,\" said Tom Martin, senior portfolio manager at Globalt Investments in Atlanta.</p>\n<p>Much of the rest of Wall Street fell. Eight of the eleven sub-indexes traded lower, with economy-sensitive sectors like industrials down 1.8% and utilities dipping 1.4%. The real estate index lost 1.1%.</p>\n<p>Tepid August payrolls data on Friday last week raised concerns that the economic recovery was slowing down.</p>\n<p>On Tuesday, Morgan Stanley cut its rating on U.S. stocks to underweight, pointing to risks related to economic growth, policy and legislation, and warning it expects the next two months to be \"bumpy.\"</p>\n<p>Accommodative central bank policies and reopening optimism have pushed the S&amp;P 500 and Nasdaq to record highs over the past few weeks, but concerns are growing about rising coronavirus infections due to the Delta variant and its impact on the economic recovery.</p>\n<p>Analysts on average expect S&amp;P 500 companies to increase their earnings per share by 30% in the September quarter, following a 96% surge in the second quarter, according to I/B/E/S data from Refinitiv.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 0.76% to end at 35,100 points, while the S&amp;P 500 lost 0.34% to 4,520.03.</p>\n<p>The Nasdaq Composite climbed 0.07% to 15,374.33.</p>\n<p>The S&amp;P 500 remains up about 20% year to date, and the Nasdaq is up about 19%.</p>\n<p>Boeing Co dropped 1.8% after Ireland's Ryanair&nbsp;said it had ended talks with the planemaker over a purchase of 737 MAX 10 jets worth tens of billions of dollars due to differences over price.</p>\n<p>Match Group Inc jumped over 7% after the S&amp;P Dow Jones Indices said on Friday the Tinder parent will join the benchmark index.</p>\n<p><a href=\"https://laohu8.com/S/CXP\">Columbia Property Trust Inc</a> surged 15% after Pacific Investment Management Company said it would buy the company for $2.2 billion.</p>\n<p>Volume on U.S. exchanges was 9.2 billion shares, compared with the 9.0 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.27-to-1 ratio; on Nasdaq, a 1.65-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 19 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 120 new highs and 24 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯","MTCH":"Match Group, Inc.","SPY":"标普500ETF","MRK":"默沙东",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","OEX":"标普100","BA":"波音","UPRO":"三倍做多标普500ETF","AMGN":"安进","AAPL":"苹果","NFLX":"奈飞","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","CXP":"Columbia Property Trust Inc","OEF":"标普100指数ETF-iShares","IVV":"标普500指数ETF","SPXU":"三倍做空标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2165350503","content_text":"* Drugmakers Amgen, Merck dip after rating cuts\n* Apple and Netflix hit record highs\n* Boeing drops after Ryanair ends jet order talks\n* Indexes end: S&P 500 -0.34%, Nasdaq +0.07%, Dow -0.76%\nThe S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.\nAmgen Inc fell 2.2% and Merck & Co lost 1.7% after Morgan Stanley cut its rating on the stocks to \"equal-weight\" from \"overweight.\"\nThe Nasdaq was supported by Big Tech stocks that have fueled Wall Street's gains in recent years. Apple rose 1.6% and Netflix added 2.7%, both hitting record highs.\n\"You could call it a gravitation toward Big Tech. As people feel a bit uncertain about how COVID will play out, you don’t have your reopening worries with those companies,\" said Tom Martin, senior portfolio manager at Globalt Investments in Atlanta.\nMuch of the rest of Wall Street fell. Eight of the eleven sub-indexes traded lower, with economy-sensitive sectors like industrials down 1.8% and utilities dipping 1.4%. The real estate index lost 1.1%.\nTepid August payrolls data on Friday last week raised concerns that the economic recovery was slowing down.\nOn Tuesday, Morgan Stanley cut its rating on U.S. stocks to underweight, pointing to risks related to economic growth, policy and legislation, and warning it expects the next two months to be \"bumpy.\"\nAccommodative central bank policies and reopening optimism have pushed the S&P 500 and Nasdaq to record highs over the past few weeks, but concerns are growing about rising coronavirus infections due to the Delta variant and its impact on the economic recovery.\nAnalysts on average expect S&P 500 companies to increase their earnings per share by 30% in the September quarter, following a 96% surge in the second quarter, according to I/B/E/S data from Refinitiv.\nUnofficially, the Dow Jones Industrial Average fell 0.76% to end at 35,100 points, while the S&P 500 lost 0.34% to 4,520.03.\nThe Nasdaq Composite climbed 0.07% to 15,374.33.\nThe S&P 500 remains up about 20% year to date, and the Nasdaq is up about 19%.\nBoeing Co dropped 1.8% after Ireland's Ryanair said it had ended talks with the planemaker over a purchase of 737 MAX 10 jets worth tens of billions of dollars due to differences over price.\nMatch Group Inc jumped over 7% after the S&P Dow Jones Indices said on Friday the Tinder parent will join the benchmark index.\nColumbia Property Trust Inc surged 15% after Pacific Investment Management Company said it would buy the company for $2.2 billion.\nVolume on U.S. exchanges was 9.2 billion shares, compared with the 9.0 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.27-to-1 ratio; on Nasdaq, a 1.65-to-1 ratio favored decliners.\nThe S&P 500 posted 19 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 120 new highs and 24 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107075479,"gmtCreate":1620436513491,"gmtModify":1704343643925,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Lol ?awesome","listText":"Lol ?awesome","text":"Lol ?awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/107075479","repostId":"1120904578","repostType":4,"repost":{"id":"1120904578","pubTimestamp":1620429937,"share":"https://www.laohu8.com/m/news/1120904578?lang=&edition=full","pubTime":"2021-05-08 07:25","market":"us","language":"en","title":"S&P 500, Dow hit record highs as weak jobs data eases rate worries","url":"https://stock-news.laohu8.com/highlight/detail?id=1120904578","media":"Reuters","summary":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the","content":"<p>The Dow and S&amp;P 500 hit record closing highs on Friday while registering gains for the week, and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> recovered after U.S. jobs data eased concerns over prospects for rising rates.</p><p>U.S. job growth&nbsp;unexpectedly slowed&nbsp;in April, likely restrained by shortages of workers, the Labor Department report showed.</p><p>The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.</p><p>“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.</p><p>Heavily-weighted growth stocks such as <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp MSFT.O and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&amp;P 500 and Nasdaq their biggest boosts.</p><p>But gains were broad-based, with all major S&amp;P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.</p><p>The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&amp;P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.</p><p>For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&amp;P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.</p><p>“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.</p><p>A raft of upbeat earnings also helped stocks, and S&amp;P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.</p><p>Payments firm <a href=\"https://laohu8.com/S/SQ\">Square</a> Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)</p><p>Streaming device maker <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)</p><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 164 new 52-week highs and <a href=\"https://laohu8.com/S/AONE\">one</a> new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.</p><p>Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.</p>","source":"lsy1601381805984","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>S&P 500, Dow hit record highs as weak jobs data eases rate worries</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\">\nS&P 500, Dow hit record highs as weak jobs data eases rate worries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.U.S. job ...</p>\n\n<a href=\"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","MSFT":"微软","OEX":"标普100","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","ROKU":"Roku Inc","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","SQ":"Block","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","EXPE":"Expedia","SSO":"两倍做多标普500ETF",".DJI":"道琼斯","AAPL":"苹果"},"source_url":"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120904578","content_text":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.U.S. job growth unexpectedly slowed in April, likely restrained by shortages of workers, the Labor Department report showed.The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.Heavily-weighted growth stocks such as Microsoft Corp MSFT.O and Apple Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&P 500 and Nasdaq their biggest boosts.But gains were broad-based, with all major S&P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.A raft of upbeat earnings also helped stocks, and S&P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.Payments firm Square Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)Streaming device maker Roku Inc ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)Expedia Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.The S&P 500 posted 164 new 52-week highs and one new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814356986,"gmtCreate":1630769084545,"gmtModify":1676530392756,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/814356986","repostId":"1194566233","repostType":4,"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139984963,"gmtCreate":1621584645852,"gmtModify":1704360068989,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Love the innovations","listText":"Love the innovations","text":"Love the innovations","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/139984963","repostId":"1170860218","repostType":4,"repost":{"id":"1170860218","pubTimestamp":1621583624,"share":"https://www.laohu8.com/m/news/1170860218?lang=&edition=full","pubTime":"2021-05-21 15:53","market":"us","language":"en","title":"Roblox: Building The Metaverse, But For Whom?","url":"https://stock-news.laohu8.com/highlight/detail?id=1170860218","media":"seekingalpha","summary":"Summary\n\nRoblox is effectively the YouTube of game development and game consumption.\nGame creators, ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Roblox is effectively the YouTube of game development and game consumption.</li>\n <li>Game creators, who are often just average people with little in the way of coding skills, can build games on the platform and sell those games to users of the platform.</li>\n <li>The platform has something of its own economy, in which Robux are used as currency to purchase games and for micro-purchases within those games.</li>\n <li>Historically, a very young demographic has found the platform appealing, leading to questions about its ability to evolve upstream and create a true metaverse.</li>\n <li>Roblox has rapidly grown, and in this note, we provide a very deep and comprehensive exploration of the platform. Ultimately, we rate the company a modest buy.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a50e6bae4d28d9fb1a3a3b477be5436\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Ian Tuttle/Getty Images Entertainment via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Roblox (RBLX) is a social gaming marketplace platform that connects gamers and developers. Through its global community of 8 million-plus developers, Roblox provides immersive gaming experiences that are shared by millions of gamers. In 2020, mobile gaming platforms like Roblox saw explosive growth in revenue as users flocked to these platforms during coronavirus-enforced lockdowns. A year of bookings stagnation awaits Roblox as demand for mobile gaming normalizes. However, AR/VR is just getting started, and the company has a long growth runway due to the large size of its TAM. Roblox is a free cash flow generation machine, as we will learn in this article, but the current valuation is a little too steep considering the weak guidance for 2021.</p>\n<p><i><b>Here's our investment thesis for Roblox:</b></i></p>\n<ul>\n <li><p>Roblox is a platform that enables users to enjoy millions of immersive 3D experiences (primarily games). Like YouTube, Roblox's content is user generated. Today, Roblox has more than 32M daily active users and 8M+ developers on its platform.</p></li>\n <li><p>Right from its inception in 2006, Roblox has been led by its visionary founder - David Baszucki. His vision for social gaming and shared virtual experiences is the driving force behind the company's admirable success.</p></li>\n <li><p>Roblox is a highly profitable business that's growing like a weed at scale. In 2020, Roblox's business was boosted by the coronavirus pandemic as mobile gaming saw exponential growth. However, the rise in mobile gaming is a secular growth trend. Furthermore, AR/VR technology is set to go mainstream over the coming years, which will likely help Roblox drive future revenue growth.</p></li>\n <li><p>The Roblox platform is powered by advanced proprietary technology. Developers create content using Roblox Studio, and consumers (gamers) access this content through Roblox Client (interface to 3D digital worlds). Money is made through the sale of Roblox's virtual currency - Robux, which players use to make in-game purchases.</p></li>\n <li><p>For 2021, Roblox is expecting revenue to grow from $923M to ~$1450M. However, the bookings are projected to rise by just 10% year-over-year (near-stagnation), and free cash flow is set to decline too. The company is well capitalized, and it's already free cash flow generative, so I do not foresee any significant dilutionary events for Roblox.</p></li>\n <li><p>During the recent correction in high-growth tech stocks, Roblox has surprisingly held on to its IPO bounce. There are many great deals out there in the market right now. However, Roblox is not one of them. The stock is trading at a premium of 20% to its fair value. Since the expected returns for Roblox is less than BTM's investment hurdle rate, I rate it hold at $70.</p></li>\n <li><p>Roblox is a great company, which I would buy on dips. At BTM, we will initiate a starter position below $60 (if we get such an opportunity). For now, Roblox is being added to our primary portfolio as a hold.</p></li>\n</ul>\n<p>In today's article, we will study Roblox's business in detail, analyze its financials, and determine its fair value.</p>\n<p><b>Introducing Roblox</b></p>\n<p>Roblox is a social gaming platform where an average of 37.1 million people from around the world come to play games with friends on a daily basis. While on Roblox, users can play, learn, explore, and communicate in user-generated virtual realities (games with 3D digital worlds) created by Roblox's community of 8M+ game developers. Roblox terms this emerging category as \"human co-experience\", which it considers to be the new form of social interaction (and this idea was envisioned by Roblox way back in 2004).</p>\n<p>The Roblox platform is powered by user-generated content (like YouTube (GOOG)(NASDAQ:GOOGL)) and draws inspiration from gaming, entertainment, social media, and even toys. This emerging category is also referred to as the metaverse - a term often used to describe the concept of persistent, shared, 3D virtual spaces in a virtual universe. I discussed this concept in a note entitled, \"Introducing President Mark Zuckerberg.\"</p>\n<p>The idea of a metaverse has been written about by futurists and science fiction authors for over 30 years. With the advent of increasingly powerful consumer computing devices, cloud computing, and high bandwidth internet connections, the concept of the metaverse is materializing.</p>\n<p>The Roblox human co-experience platform serves as the underlying technology and infrastructure that supports shared experiences for millions of users, and it consists of the Roblox Client, the Roblox Studio, and the Roblox Cloud.</p>\n<ul>\n <li><p><i><b>Roblox Client</b></i>- The application that allows users to explore 3D digital worlds.</p></li>\n <li><p><i>Roblox Studio</i>- The toolset that allows developers and creators to build, publish, and operate 3D experiences and other content accessed with the Roblox Client.</p></li>\n <li><p><i>Roblox Cloud</i>- The services and infrastructure that power the human co-experience platform.</p></li>\n</ul>\n<p>Roblox's mission is to build a human co-experience platform that enables shared experiences among billions of users. Since its inception, Roblox has invested heavily in building the Roblox platform, and ~80% of Roblox's employees are dedicated to maintaining, improving, and expanding the platform. The company is constantly improving the ways in which the Roblox platform supports shared experiences, ranging from how these experiences are built by an engaged community of developers to how they are enjoyed and safely accessed by users across the globe.</p>\n<p>According to Roblox's&nbsp;S-1 filing, the Roblox platform is differentiated through a number of key characteristics, which are mentioned below (the following are quoted from the company's S-1 linked just a moment ago):</p>\n<blockquote>\n <i>Identity:All users have unique identities in the form of avatars that allow them to express themselves as whoever or whatever they want to be. These avatars are portable across experiences.</i>\n</blockquote>\n<blockquote>\n <i>Friends: Users interact with friends, some of whom they know in the real world, and others who they meet on Roblox.</i>\n</blockquote>\n<blockquote>\n <i>Immersive</i>\n <i><b>:</b></i>\n <i>The experiences on Roblox are 3D and immersive. As we continue to improve the Roblox Platform, these experiences will become increasingly engaging and indistinguishable from the real world.</i>\n</blockquote>\n<blockquote>\n <i>Anywhere: Users, developers, and creators on Roblox are from all over the world, including North America, Europe, South America, Asia, Australia, and Africa. In 2019, we entered into a joint venture agreement with Songhua River Investment Limited, or Songhua, an affiliate of Tencent, to operate a Chinese version of the Roblox Platform that will be operated and published in China by Tencent under the name “Luobulesi.” Further, as of December 31, 2020, the Roblox Client operates on iOS, Android, PC, Mac, and Xbox, and supports VR experiences on PC using Oculus Rift and HTC Vive headsets.</i>\n</blockquote>\n<blockquote>\n <i>Low Friction: It is simple to set up an account on Roblox and free for users to enjoy experiences on the platform. Users can quickly traverse between and within experiences either on their own or with their friends. It is also easy for developers to build experiences and then publish them to the Roblox Cloud so that they are then accessible to users on the Roblox Client across all platforms. On behalf of the developers and creators, Roblox also provides critical services such as user acquisition, billing, collections, content moderation, translation, safety, regulatory compliance, and customer support. This makes it easier and simpler for even individual developers and creators and small studios to be successful developers and creators.</i>\n</blockquote>\n<blockquote>\n <i>Variety of Content: Roblox is a vast and expanding universe of developer and creator-built content. As of Dec. 31, 2020, there were over 20 million experiences on Roblox, and in the year ended Dec. 31, 2020, over 13 million of these were experienced by our community. These ranged from experiences that simulate building and operating a theme park to adopting a pet, scuba diving, creating and playing your own superhero, and more. There also are millions of creator-built virtual items, such as hats, shirts, and pants, with which users can personalize their avatars and 3D virtual items, assets, and sounds that creators can incorporate into experiences. Historically, Roblox has also created virtual items with which users can personalize their avatars. Our focus today and going forward, however, is on user-generated content.</i>\n</blockquote>\n<blockquote>\n <i>Economy: Roblox has a vibrant economy built on a currency called Robux. Users who choose to purchase Robux can spend the currency on experiences and on items for their avatar. Developers and creators earn Robux by building engaging experiences and compelling items that users want to purchase. Roblox enables developers and creators to convert Robux back into real-world currency.</i>\n</blockquote>\n<blockquote>\n <i>Safety: Multiple systems are integrated into the Roblox Platform to promote civility and ensure the safety of our users. These systems are designed to enforce real-world laws and are designed to extend beyond minimum regulatory requirements.</i>\n</blockquote>\n<p>The revenue growth at Roblox has been driven primarily by significant investments in technology and two mutually reinforcing network effects: content and social.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d5e601c76dc33b042de56f0d000fecc\" tg-width=\"640\" tg-height=\"194\"><span>Source:Roblox S-1</span></p>\n<p>Roblox's platform is powered by user-generated content that's built by an engaged community of developers and creators. As Roblox's developers and creators build increasingly high-quality content, more users are attracted to their platform. The more users on the platform, the higher the engagement and the more attractive Roblox becomes to developers and creators. With more users, more Robux (Roblox's virtual currency) is spent on the platform, which in turn incentivizes developers to build more engaging content for users and attracts new developers and content creators to the Roblox developer community.</p>\n<p>The social nature of Roblox's platform makes it special. Roblox's users typically play with friends, and this inspires them to invite more friends to the platform, who, in turn, invite their friends, driving organic growth. A higher number of friends on the platform leads to increased long-term user engagement. Therefore, more and more users join Roblox's platform through word-of-mouth marketing from their existing friends using the platform.</p>\n<p>Now that we have an understanding of Roblox's platform, let's see how Roblox's economy functions, in other words, how Roblox makes money:</p>\n<p>Roblox is powered by exclusive user-generated games that include personalized avatars. Upon joining Roblox, gamers can personalize their avatars by choosing body types, clothes, and other accessories. To do so, the gamers purchase a virtual currency (Robux) from within Roblox's platform. Game developers and content creators earn Robux through microtransactions in their games, such as selling in-game virtual items and engagement-based rewards. Through Roblox's Developer Exchange Program, developers can exchange Robux for real-world currency. This is how money flows from gamers to developers on Roblox's platform.</p>\n<p>The income generated through Roblox empowers game developers (individuals and game studios) to invest in higher-quality content, which attracts more gamers to Roblox. Having enjoyed Roblox, users tend to invite more friends to play on the platform, and this helps game developers attract larger audiences. According to Roblox, many users eventually become developers on the platform, and nearly all Roblox developers started as users. Therefore, Roblox has a robust community and a vibrant economy.</p>\n<p>Roblox supports its developer community by providing tools to create, publish, operate, and monetize content (games and experiences). In 2020, more than 1.25M developers earned Robux, and ~4,300 developers qualified for Roblox's Developer Exchange Program, making them eligible to exchange their earned Robux for real-world currency. To qualify for the Developer Exchange Program, the developers need to meet certain conditions, such as:</p>\n<ul>\n <li><p>Earn at least 100,000 Robux,</p></li>\n <li><p>Verified developer account, and</p></li>\n <li><p>Account must be in good standing.</p></li>\n</ul>\n<p>In 2020, more than 3300 developers exchanged Robux for real-world currency. According to Roblox's disclosures, 1,250-plus developers earned more than $10K in 2020, whereas 300-plus developers made more than $100K in the same period.</p>\n<p>Generally, Roblox users can create an avatar and explore experiences for free after joining the platform. However, the business model for any given game is decided by its developer. Within these free games, users can spend Robux to purchase in-game enhancements and items such as clothing, gear and emotes, from Roblox's Avatar Marketplace. As you may already know, Roblox retains a portion of every Robux transaction and distributes the rest to developers.</p>\n<p>Important Note: Robux can only be purchased from Roblox at a price set by Roblox and can only be spent within its platform.</p>\n<p><i><b>Key Disclosure from Roblox in relation to Robux:</b></i></p>\n<p>Other than daily and monthly limitations to prevent fraud, there's no cap on the number of Robux that any user or users in the aggregate can purchase. Robux has no monetary or intrinsic value outside of our platform and can only be converted to US dollars through our Developer Exchange Program. We're aware that some users seek to use unauthorized third-party websites to exchange Robux for real-world currency, which is not permitted under our terms of use. We regularly monitor and screen usage of our platform with the aim of identifying and preventing these activities, as well as regularly send cease-and-desist letters to operators of third-party websites offering fraudulent Robux or digital goods offers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ede644886149994d8bf4d76e109903da\" tg-width=\"640\" tg-height=\"183\"><span>Source:Roblox S-1</span></p>\n<p>Gamers primarily purchase Robux in two ways: 1. One-time purchases or 2. Roblox Premium subscription service. Roblox accepts payments through (Apple’s and Google’s) app stores, credit cards, and debit cards. In 2020, the average price for a Robux was $0.01. Roblox Premium is billed monthly, and this subscription service includes discounts on Robux purchases, exclusive access to certain in-experience benefits, some exclusive and discounted marketplace items, and the ability to buy, sell and trade certain Avatar items. In 2020, Roblox’s bookings (sale of Robux) came in at $1.8B, which means that Roblox’s ~140M users spent an average of $12.85 on the platform (the average revenue per daily active users is much higher at about $60).</p>\n<p>For developers, Robux is considered \"earned\" if and when a developer receives them as payments for a bonafide third-party transaction for virtual goods through the Roblox Platform. Currently, developers can earn Robux via the following mechanisms:</p>\n<ul>\n <li><p>Sale of access to experiences (games) and in-game enhancements,</p></li>\n <li><p>Engagement-based payouts for the amount of time that Roblox Premium subscribers spend in their experiences,</p></li>\n <li><p>Sale of content and tools within the developer community, and</p></li>\n <li><p>Sale of virtual items to gamers through the Avatar Marketplace.</p></li>\n</ul>\n<p>As Roblox users’ purchase and spend Robux on the platform, developers receive 70% of the Robux spent within their games and 70% of the Robux spent on Roblox's Studio Marketplace items. Content creators receive only 30% of the Robux spent for their Avatar Marketplace items. The earned Robux are deposited into the virtual accounts of the developers and creators, who (if qualified) can convert Robux into U.S. dollars at an exchange rate which is (again) set by Roblox (in its sole discretion) at 1 Robux to $0.0035 (conversion price as of Dec. 31, 2020).</p>\n<p>As you may remember, the average purchase price of a Robux was $0.01 in 2020, and now we know that developers can exchange a Robux for $0.0035 (35% of Robux’s purchase price). Therefore, the unit economics are undoubtedly tilted in favor of Roblox, and the virtual economy built within Roblox’s ecosystem gives the company massive controlling power.</p>\n<p>In 2020, Roblox’s qualified developers (Developer Exchange Program) earned $328.7M, up from $112M in 2019. The growth in developer earnings resulted from a growth in qualified developers, a rise in DAUs, and higher engagement with consumers. As an aside, Roblox’s developers do not always cash out their Robux into real-world currency as they can reinvest their Robux into developer tools available in the Studio Marketplace, promote their games through Roblox’s internal ad network, or spend the Robux as any other Roblox gamer would (on experiences and in-game purchases).</p>\n<p>The Roblox platform combines significant bookings (sale of Robux) (and, by extension, revenue) with strong unit economics to generate massive amounts of free cash flow.</p>\n<p><b>Roblox Had A Great 2020, But What Next?</b></p>\n<p>In 2020, the coronavirus pandemic boosted the mobile gaming industry as people (kids, to be precise) stayed home during lockdowns. Roblox's social gaming platform saw an influx of new users, and bookings shot up to over $2B. As you can see, Roblox's revenues grew by 81% y/y to $923M last year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc0cfffc9c8d80819d91a250992a9898\" tg-width=\"578\" tg-height=\"211\"><span>Source:Roblox S-1</span></p>\n<p>The rapid revenue growth is attributable to an increase in numbers of active users and higher user engagement (and spending). Roblox's DAUs went up from 19M to 37M within a year, while average bookings per DAU shot up to $17.30 from $12.37. For Q4, total hours engaged came in at 8.4B hours, a figure that represented substantial growth on a y/y basis; however, it also represented a q/q decline.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/177a566cf075069e89d034c2be758743\" tg-width=\"640\" tg-height=\"97\"><span>Source:Roblox S-1</span></p>\n<p>Although Roblox's operations continue to lose money, the company is actually generating massive amounts of free cash flow. The bookings made on Roblox's platform convert to revenue over time as in-game virtual goods are consumed or amortized (in accordance with the average life of the consumer).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f39e4d22bafd479e902ab3f1665fdc8\" tg-width=\"638\" tg-height=\"253\"><span>Source:Roblox S-1</span></p>\n<p>On the back of ultra-strong numbers in 2020, Roblox's public listing seems to be timed to perfection. From a reference price of $45, the stock rallied higher on the direct listing day and has continued to trade up at ~$65-80 range. Here's what Roblox's CEO had to say on the listing:</p>\n<p>Source:Roblox CEO David Baszucki on the company's Wall Street debut</p>\n<p>Roblox's growth numbers for 2020 were mind boggling. However, the expectations for 2021 are lukewarm (and rightly so). With the pandemic fading away, people are returning towards normality, and a reduction in hours spent on gaming is a certainty.</p>\n<p>For 2021, Roblox is expecting DAU growth of just 6%, with flat numbers for hours engaged. Although the company expects revenue to grow by 60% y/y, bookings (closer estimation of Roblox's actual growth) are expected to grow at just 10% y/y.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45e3095d76d9eae90689957db0de751e\" tg-width=\"640\" tg-height=\"477\"><span>Source:Roblox S-1</span></p>\n<p>As bookings growth moderates and the company spends more on R&amp;D to drive future growth, the company's free cash flow is set to decline in 2021. Therefore, I would not expect fireworks to continue for Roblox's stock over the coming year as it faces tough comps.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00d25029806cc3b0dad1e9efd61ffa8c\" tg-width=\"362\" tg-height=\"279\"><span>Source:Roblox S-1</span></p>\n<p>With that being said, Roblox's growth story is far from over. In fact, I can envision a very long growth runway for Roblox (similar to Unity). The growth of interactive, real-time 3D content across numerous industries (like Gaming, Architecture, 3D printing/Intelligent Manufacturing, AR/VR, and many more) will drive the demand for Roblox's platform higher over the coming years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb11e9e1f7a643251919f7571ebe5b76\" tg-width=\"800\" tg-height=\"389\"><span>Source:Newzoo</span></p>\n<p>In 2020, mobile gaming was the fastest-growing industry among all forms of gaming, and it's now believed to be worth $77.2B. And by 2025, it's expected to be worth$150B per annum. Naturally, Roblox will benefit from the rapid growth in mobile gaming. Therefore, Roblox is supported by a very powerful secular growth trend, i.e., the rise of mobile gaming.</p>\n<p>However, the real upside for Roblox's platform will come from the mainstream adoption of AR/VR technology. These markets are set to see explosive growth over upcoming years:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33223820bc4aa2314eaa98345d74820c\" tg-width=\"900\" tg-height=\"466\"><span>Source:DevTeam</span></p>\n<p>Economically viable virtual realities are already all around us in that games are massively profitable and are pseudo-virtual realities. I believe that this market will actually accelerate as wide-scale adopted virtual realities begin popping up over the next decade or two, many of which will likely be built atop platforms such as Roblox and Unity.</p>\n<p>Although I like Unity, I believe that Roblox's platform has greater potential due to the democratization of content generation. Roblox is transforming the world of interactive gaming by changing how people express themselves, play, socialize, learn, and transact together. According to the management, Roblox is currently focused on the following growth initiatives:</p>\n<ul>\n <li><p>Platform Extension: Roblox is continually investing to extend its platform. These investments include high fidelity avatars, 3D spatial audio technology, and additional social features. In the future, Roblox can expand into other areas like entertainment, e-learning (education), and enterprise work communications. For example, developers will be able to create and host virtual meetings, classrooms, concerts, and conferences on the Roblox platform.</p></li>\n <li><p>Age Demographics Expansion: Today, a large chunk of Roblox’s users are kids below the age of 13. However, platform extension will enable developers to build higher quality experiences (games and other content) that are curated to meet the needs of an older age demographic. If Roblox can successfully increase its penetration among other older age categories, then it can easily grow at swashbuckling rates for years to come.</p></li>\n <li><p>International Reach: Roblox already is a global platform. However, there's still significant potential for the company to grow in international markets. Today, almost all of Roblox’s revenue comes from the United States, Canada, and United Kingdom. Hence, there are big markets for Roblox to expand its presence. Roblox is expecting the same organic, word-of-mouth user and developer growth in international markets that the platform has experienced in its primary markets. Additionally, Roblox is making massive investments in technology to enhance growth across the globe. For example, features such as built-in regional compliance and automated language translation can enable Roblox to scale operations in global markets, allowing developers to publish games (or content) in multiple languages and allowing users (speaking different languages) to communicate effectively. Roblox’s greatest international opportunity today is China, and the company is addressing this opportunity through a joint venture with Songhua (an affiliate of Tencent, which is one of the leading internet companies in China).</p></li>\n <li><p>Monetization: Roblox believes that its platform has massive monetization potential. To improve monetization, Roblox is actively working with the developer community. Furthermore, Roblox is taking up new strategic initiatives such as the Roblox Premium subscription service to enhance retention of paying users and conversion of free users to paying users. Finally, Roblox is working with leading brands (like Warner Bros, NFL, Netflix, Marvel, WWE, and FC Barcelona) to build unique marketing opportunities on the Roblox Platform through branded content.</p></li>\n</ul>\n<p>Hence, Roblox will likely resume robust bookings growth after the projected slowdown in 2021. As you may know, Roblox competes for both users, developers, and creators. Roblox competes to attract and retain its users' attention on the basis of content and user experiences. Therefore, Roblox competes for users and their engagement hours with global technology leaders such as Amazon, Apple, Google, Microsoft, Facebook, and Tencent, global entertainment companies such as Disney, Comcast, and ViacomCBS, global gaming companies such as Electronic Arts, Activision Blizzard, Take-Two, Unity, Valve, and Zynga, online content platforms including Spotify, Netflix, and YouTube, as well as social platforms such as Facebook, Snap, and Pinterest.</p>\n<p>For now, Roblox is out-competing its rivals due to many factors such as personalization of user experience, content variety, and social features. However, Roblox is heavily reliant on developers for the content that leads to the creation and maintenance of user engagement on its platform. Hence, Roblox has to compete with other platforms like Unity to attract and retain developers. Therefore, Roblox has to provide advanced tools needed to build, publish, operate, and monetize content (more efficiently and more lucratively than its rivals).</p>\n<p>Hence, Roblox directly competes for developers, creators, and engineering talent with gaming platforms (such as Epic Games, Unity, and Valve Corporation) that provide developers and creators the ability to create or distribute interactive content. I believe Roblox's comprehensive offering to build, publish, and operate experiences on its platform, free and easy-to-use technology, broad user reach, economic rewards system, brand, reputation for innovation, developer-centric culture, and Roblox's vision differentiates the company from its rivals.</p>\n<p>Now, let's find the fair value and expected returns for Roblox.</p>\n<p><b>Fair Value and Expected Return</b></p>\n<p>Roblox's bookings are the true reflection of its business, and so we will be analyzing the company using its bookings and not its revenue. In this case, the potential free cash flow margin is also based on bookings.</p>\n<p>Assumptions:</p>\n<table>\n <tbody>\n  <tr>\n   <td><p>Forward 12-month bookings [A]</p></td>\n   <td><p>$2000 million</p></td>\n  </tr>\n  <tr>\n   <td><p>Potential Free Cash Flow Margin [B]</p></td>\n   <td><p>30%</p></td>\n  </tr>\n  <tr>\n   <td><p>Average fully-diluted shares outstanding [C]</p></td>\n   <td><p>~650 million</p></td>\n  </tr>\n  <tr>\n   <td><p>Free cash flow per share [ D = (A * B) / C ]</p></td>\n   <td><p>$0.923</p></td>\n  </tr>\n  <tr>\n   <td><p>Free cash flow per share growth rate (conservative estimate)</p></td>\n   <td><p>25%</p></td>\n  </tr>\n  <tr>\n   <td><p>Terminal growth rate</p></td>\n   <td><p>3%</p></td>\n  </tr>\n  <tr>\n   <td><p>Years of elevated growth</p></td>\n   <td><p>10</p></td>\n  </tr>\n  <tr>\n   <td><p>Total years to stimulate</p></td>\n   <td><p>100</p></td>\n  </tr>\n  <tr>\n   <td><p>Discount Rate (Our \"Next Best Alternative\")</p></td>\n   <td><p>9.8%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Results:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9cd75274e4a1451cb432b96e0a8cfafb\" tg-width=\"611\" tg-height=\"734\"><span>Source: L.A. Stevens Valuation Model</span></p>\n<p>According to my estimation, Roblox's fair value is ~$58, i.e., it's trading at a premium of ~20%. In this market, high-growth tech stocks have been hammered, and there are great deals out there. And so buying Roblox at a premium doesn't make a lot of sense.</p>\n<p>To determine the expected returns, our model calculates a projected FCF per share value (year-10) and multiplies it with an assumed Price to FCF multiple (35x here), thereby generating a 2031 price target. Using this price target, the model generates an expected CAGR return for a ten-year investment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/345f634512883a157361c590884202ee\" tg-width=\"611\" tg-height=\"432\"><span>Source: L.A. Stevens Valuation Model</span></p>\n<p>As you can see above, Roblox's share price could grow from ~$70 to ~$240 (~3.5x) at a CAGR of ~13.15% over the next decade. Since the expected return is lower than BTM's investment hurdle rate of 15%, I rate Robloxa modest buy to hold at $70.</p>\n<p>At such a large market cap, the company will require a few years for growth to catch up with its current valuation.</p>\n<p><b>Concluding Thoughts</b></p>\n<p>Let's conclude our discussion with a BTM Crucial Characteristics Check for Roblox:</p>\n<table>\n <tbody>\n  <tr>\n   <td><p>Crucial Characteristic</p></td>\n   <td><p>Notes</p></td>\n  </tr>\n  <tr>\n   <td><p>Visionary Founder/CEO</p></td>\n   <td><p>David Baszucki (co-founder of Roblox) is a visionary technologist who has led Roblox as its CEO since its launch in 2006. Over the last five years, Roblox's popularity has exploded. However, David and his team are aggressively reinvesting in the Roblox platform (especially in engineering) to drive the next leg of growth for the company. Roblox's vision is to become a platform where billions of people share experiences (not just gaming) on a daily basis.</p><p>David is now 58, so we might have his leadership only for a few more years. Furthermore, all other C-suite executives (barring one or two) at Roblox are also well into their 50s. Therefore, I expect significant management changes at Roblox over the next decade. With that being said, I believe the Roblox platform is incredibly powerful, and the company's business model is so robust that even a chimp can run it successfully.</p></td>\n  </tr>\n  <tr>\n   <td><p>Proprietary Tech</p></td>\n   <td><p>Roblox's platform (Client, Studio, and Cloud) is powered by highly proprietary technology built over the last three decades. On any given day, more than 32M people use Roblox (DAUs) to connect via play.</p></td>\n  </tr>\n  <tr>\n   <td><p>Network Effects</p></td>\n   <td><p>The social component built into Roblox allows users to invite their friends and family to play with them and share experiences on the platform. A higher number of users attracts more developers to Roblox, which leads to more games (better content by variety and quality). These network effects remain the primary driver of Roblox's tremendous growth.</p></td>\n  </tr>\n  <tr>\n   <td><p>Powerful Secular Growth Trend</p></td>\n   <td><p>The growth of interactive, real-time 3D content across numerous industries (like Gaming, AR/VR, Architecture, 3D printing/Intelligent Manufacturing, etc.) is a powerful secular growth driver for Roblox.</p></td>\n  </tr>\n  <tr>\n   <td><p>Sounds Financials</p></td>\n   <td><p>In 2020, Roblox reported mind-boggling numbers in terms of revenue (~$923M, up ~82% y/y), bookings (~$1.8B, up ~181% y/y), and free cash flow (~$411M). However, the company expects stagnation in bookings in 2021 as the pandemic boost to gaming disappears. Roblox is already a free cash flow generative business, and the company has $800M+ on its balance sheet. Therefore, a direct listing made sense.</p><p>With 650M fully-diluted shares outstanding, Roblox's numbers fall short relative to its market cap. The stock is currently trading at a premium of 20% to its fair value, and its expected CAGR return of 13% falls below our investment hurdle rate.</p></td>\n  </tr>\n  <tr>\n   <td><p>Branding</p></td>\n   <td><p>Roblox is a global platform that has 130M Users (32.6M Daily Active Users). The Roblox platform gives individuals a strong sense of community and belonging through the rich, immersive co-experiences it provides. Roblox's growth is entirely organic (word-of-mouth), and this shows how the brand is truly loved by its customers.</p></td>\n  </tr>\n  <tr>\n   <td><p>International Expansion</p></td>\n   <td><p>Roblox is available globally; however, it has significant room to expand in underpenetrated geographies such as Europe, Latin America, Africa, and Asia. The joint venture with Tencent to bring Roblox to China will probably be the biggest growth driver for the company within the next few years.</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Roblox satisfies almost all of BTM's investment criteria, but at a market cap of $45B+, the valuation looks stretched. We do not shy away from paying a premium for a high-quality business if the expected return exceeds our hurdle rate; however, the expected return for Roblox is only 13% after the massive bounce in its price after going public.</p>\n<p>In recent years, direct listings (like Spotify(NYSE:SPOT)and Slack(NYSE:WORK)) have failed to generate massive performance in their first year as public companies and I expect Roblox to follow suit. The company's guidance for 2021 points to stagnation in bookings as the mobile gaming frenzy of 2020 fades away along with the pandemic. Therefore, I think we can wait for a better entry point on Roblox, which would be around its direct listing price of $45.</p>\n<p>Key Takeaway: I rate Roblox a hold to modest buy at $70.</p>\n<p>Thanks for reading. Please share your thoughts, questions, and/or concerns in the comments section.</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>Roblox: Building The Metaverse, But For Whom?</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\">\nRoblox: Building The Metaverse, But For Whom?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4430330-roblox-building-the-metaverse-but-for-whom><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nRoblox is effectively the YouTube of game development and game consumption.\nGame creators, who are often just average people with little in the way of coding skills, can build games on the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4430330-roblox-building-the-metaverse-but-for-whom\">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"},"source_url":"https://seekingalpha.com/article/4430330-roblox-building-the-metaverse-but-for-whom","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1170860218","content_text":"Summary\n\nRoblox is effectively the YouTube of game development and game consumption.\nGame creators, who are often just average people with little in the way of coding skills, can build games on the platform and sell those games to users of the platform.\nThe platform has something of its own economy, in which Robux are used as currency to purchase games and for micro-purchases within those games.\nHistorically, a very young demographic has found the platform appealing, leading to questions about its ability to evolve upstream and create a true metaverse.\nRoblox has rapidly grown, and in this note, we provide a very deep and comprehensive exploration of the platform. Ultimately, we rate the company a modest buy.\n\nPhoto by Ian Tuttle/Getty Images Entertainment via Getty Images\nInvestment Thesis\nRoblox (RBLX) is a social gaming marketplace platform that connects gamers and developers. Through its global community of 8 million-plus developers, Roblox provides immersive gaming experiences that are shared by millions of gamers. In 2020, mobile gaming platforms like Roblox saw explosive growth in revenue as users flocked to these platforms during coronavirus-enforced lockdowns. A year of bookings stagnation awaits Roblox as demand for mobile gaming normalizes. However, AR/VR is just getting started, and the company has a long growth runway due to the large size of its TAM. Roblox is a free cash flow generation machine, as we will learn in this article, but the current valuation is a little too steep considering the weak guidance for 2021.\nHere's our investment thesis for Roblox:\n\nRoblox is a platform that enables users to enjoy millions of immersive 3D experiences (primarily games). Like YouTube, Roblox's content is user generated. Today, Roblox has more than 32M daily active users and 8M+ developers on its platform.\nRight from its inception in 2006, Roblox has been led by its visionary founder - David Baszucki. His vision for social gaming and shared virtual experiences is the driving force behind the company's admirable success.\nRoblox is a highly profitable business that's growing like a weed at scale. In 2020, Roblox's business was boosted by the coronavirus pandemic as mobile gaming saw exponential growth. However, the rise in mobile gaming is a secular growth trend. Furthermore, AR/VR technology is set to go mainstream over the coming years, which will likely help Roblox drive future revenue growth.\nThe Roblox platform is powered by advanced proprietary technology. Developers create content using Roblox Studio, and consumers (gamers) access this content through Roblox Client (interface to 3D digital worlds). Money is made through the sale of Roblox's virtual currency - Robux, which players use to make in-game purchases.\nFor 2021, Roblox is expecting revenue to grow from $923M to ~$1450M. However, the bookings are projected to rise by just 10% year-over-year (near-stagnation), and free cash flow is set to decline too. The company is well capitalized, and it's already free cash flow generative, so I do not foresee any significant dilutionary events for Roblox.\nDuring the recent correction in high-growth tech stocks, Roblox has surprisingly held on to its IPO bounce. There are many great deals out there in the market right now. However, Roblox is not one of them. The stock is trading at a premium of 20% to its fair value. Since the expected returns for Roblox is less than BTM's investment hurdle rate, I rate it hold at $70.\nRoblox is a great company, which I would buy on dips. At BTM, we will initiate a starter position below $60 (if we get such an opportunity). For now, Roblox is being added to our primary portfolio as a hold.\n\nIn today's article, we will study Roblox's business in detail, analyze its financials, and determine its fair value.\nIntroducing Roblox\nRoblox is a social gaming platform where an average of 37.1 million people from around the world come to play games with friends on a daily basis. While on Roblox, users can play, learn, explore, and communicate in user-generated virtual realities (games with 3D digital worlds) created by Roblox's community of 8M+ game developers. Roblox terms this emerging category as \"human co-experience\", which it considers to be the new form of social interaction (and this idea was envisioned by Roblox way back in 2004).\nThe Roblox platform is powered by user-generated content (like YouTube (GOOG)(NASDAQ:GOOGL)) and draws inspiration from gaming, entertainment, social media, and even toys. This emerging category is also referred to as the metaverse - a term often used to describe the concept of persistent, shared, 3D virtual spaces in a virtual universe. I discussed this concept in a note entitled, \"Introducing President Mark Zuckerberg.\"\nThe idea of a metaverse has been written about by futurists and science fiction authors for over 30 years. With the advent of increasingly powerful consumer computing devices, cloud computing, and high bandwidth internet connections, the concept of the metaverse is materializing.\nThe Roblox human co-experience platform serves as the underlying technology and infrastructure that supports shared experiences for millions of users, and it consists of the Roblox Client, the Roblox Studio, and the Roblox Cloud.\n\nRoblox Client- The application that allows users to explore 3D digital worlds.\nRoblox Studio- The toolset that allows developers and creators to build, publish, and operate 3D experiences and other content accessed with the Roblox Client.\nRoblox Cloud- The services and infrastructure that power the human co-experience platform.\n\nRoblox's mission is to build a human co-experience platform that enables shared experiences among billions of users. Since its inception, Roblox has invested heavily in building the Roblox platform, and ~80% of Roblox's employees are dedicated to maintaining, improving, and expanding the platform. The company is constantly improving the ways in which the Roblox platform supports shared experiences, ranging from how these experiences are built by an engaged community of developers to how they are enjoyed and safely accessed by users across the globe.\nAccording to Roblox's S-1 filing, the Roblox platform is differentiated through a number of key characteristics, which are mentioned below (the following are quoted from the company's S-1 linked just a moment ago):\n\nIdentity:All users have unique identities in the form of avatars that allow them to express themselves as whoever or whatever they want to be. These avatars are portable across experiences.\n\n\nFriends: Users interact with friends, some of whom they know in the real world, and others who they meet on Roblox.\n\n\nImmersive\n:\nThe experiences on Roblox are 3D and immersive. As we continue to improve the Roblox Platform, these experiences will become increasingly engaging and indistinguishable from the real world.\n\n\nAnywhere: Users, developers, and creators on Roblox are from all over the world, including North America, Europe, South America, Asia, Australia, and Africa. In 2019, we entered into a joint venture agreement with Songhua River Investment Limited, or Songhua, an affiliate of Tencent, to operate a Chinese version of the Roblox Platform that will be operated and published in China by Tencent under the name “Luobulesi.” Further, as of December 31, 2020, the Roblox Client operates on iOS, Android, PC, Mac, and Xbox, and supports VR experiences on PC using Oculus Rift and HTC Vive headsets.\n\n\nLow Friction: It is simple to set up an account on Roblox and free for users to enjoy experiences on the platform. Users can quickly traverse between and within experiences either on their own or with their friends. It is also easy for developers to build experiences and then publish them to the Roblox Cloud so that they are then accessible to users on the Roblox Client across all platforms. On behalf of the developers and creators, Roblox also provides critical services such as user acquisition, billing, collections, content moderation, translation, safety, regulatory compliance, and customer support. This makes it easier and simpler for even individual developers and creators and small studios to be successful developers and creators.\n\n\nVariety of Content: Roblox is a vast and expanding universe of developer and creator-built content. As of Dec. 31, 2020, there were over 20 million experiences on Roblox, and in the year ended Dec. 31, 2020, over 13 million of these were experienced by our community. These ranged from experiences that simulate building and operating a theme park to adopting a pet, scuba diving, creating and playing your own superhero, and more. There also are millions of creator-built virtual items, such as hats, shirts, and pants, with which users can personalize their avatars and 3D virtual items, assets, and sounds that creators can incorporate into experiences. Historically, Roblox has also created virtual items with which users can personalize their avatars. Our focus today and going forward, however, is on user-generated content.\n\n\nEconomy: Roblox has a vibrant economy built on a currency called Robux. Users who choose to purchase Robux can spend the currency on experiences and on items for their avatar. Developers and creators earn Robux by building engaging experiences and compelling items that users want to purchase. Roblox enables developers and creators to convert Robux back into real-world currency.\n\n\nSafety: Multiple systems are integrated into the Roblox Platform to promote civility and ensure the safety of our users. These systems are designed to enforce real-world laws and are designed to extend beyond minimum regulatory requirements.\n\nThe revenue growth at Roblox has been driven primarily by significant investments in technology and two mutually reinforcing network effects: content and social.\nSource:Roblox S-1\nRoblox's platform is powered by user-generated content that's built by an engaged community of developers and creators. As Roblox's developers and creators build increasingly high-quality content, more users are attracted to their platform. The more users on the platform, the higher the engagement and the more attractive Roblox becomes to developers and creators. With more users, more Robux (Roblox's virtual currency) is spent on the platform, which in turn incentivizes developers to build more engaging content for users and attracts new developers and content creators to the Roblox developer community.\nThe social nature of Roblox's platform makes it special. Roblox's users typically play with friends, and this inspires them to invite more friends to the platform, who, in turn, invite their friends, driving organic growth. A higher number of friends on the platform leads to increased long-term user engagement. Therefore, more and more users join Roblox's platform through word-of-mouth marketing from their existing friends using the platform.\nNow that we have an understanding of Roblox's platform, let's see how Roblox's economy functions, in other words, how Roblox makes money:\nRoblox is powered by exclusive user-generated games that include personalized avatars. Upon joining Roblox, gamers can personalize their avatars by choosing body types, clothes, and other accessories. To do so, the gamers purchase a virtual currency (Robux) from within Roblox's platform. Game developers and content creators earn Robux through microtransactions in their games, such as selling in-game virtual items and engagement-based rewards. Through Roblox's Developer Exchange Program, developers can exchange Robux for real-world currency. This is how money flows from gamers to developers on Roblox's platform.\nThe income generated through Roblox empowers game developers (individuals and game studios) to invest in higher-quality content, which attracts more gamers to Roblox. Having enjoyed Roblox, users tend to invite more friends to play on the platform, and this helps game developers attract larger audiences. According to Roblox, many users eventually become developers on the platform, and nearly all Roblox developers started as users. Therefore, Roblox has a robust community and a vibrant economy.\nRoblox supports its developer community by providing tools to create, publish, operate, and monetize content (games and experiences). In 2020, more than 1.25M developers earned Robux, and ~4,300 developers qualified for Roblox's Developer Exchange Program, making them eligible to exchange their earned Robux for real-world currency. To qualify for the Developer Exchange Program, the developers need to meet certain conditions, such as:\n\nEarn at least 100,000 Robux,\nVerified developer account, and\nAccount must be in good standing.\n\nIn 2020, more than 3300 developers exchanged Robux for real-world currency. According to Roblox's disclosures, 1,250-plus developers earned more than $10K in 2020, whereas 300-plus developers made more than $100K in the same period.\nGenerally, Roblox users can create an avatar and explore experiences for free after joining the platform. However, the business model for any given game is decided by its developer. Within these free games, users can spend Robux to purchase in-game enhancements and items such as clothing, gear and emotes, from Roblox's Avatar Marketplace. As you may already know, Roblox retains a portion of every Robux transaction and distributes the rest to developers.\nImportant Note: Robux can only be purchased from Roblox at a price set by Roblox and can only be spent within its platform.\nKey Disclosure from Roblox in relation to Robux:\nOther than daily and monthly limitations to prevent fraud, there's no cap on the number of Robux that any user or users in the aggregate can purchase. Robux has no monetary or intrinsic value outside of our platform and can only be converted to US dollars through our Developer Exchange Program. We're aware that some users seek to use unauthorized third-party websites to exchange Robux for real-world currency, which is not permitted under our terms of use. We regularly monitor and screen usage of our platform with the aim of identifying and preventing these activities, as well as regularly send cease-and-desist letters to operators of third-party websites offering fraudulent Robux or digital goods offers.\nSource:Roblox S-1\nGamers primarily purchase Robux in two ways: 1. One-time purchases or 2. Roblox Premium subscription service. Roblox accepts payments through (Apple’s and Google’s) app stores, credit cards, and debit cards. In 2020, the average price for a Robux was $0.01. Roblox Premium is billed monthly, and this subscription service includes discounts on Robux purchases, exclusive access to certain in-experience benefits, some exclusive and discounted marketplace items, and the ability to buy, sell and trade certain Avatar items. In 2020, Roblox’s bookings (sale of Robux) came in at $1.8B, which means that Roblox’s ~140M users spent an average of $12.85 on the platform (the average revenue per daily active users is much higher at about $60).\nFor developers, Robux is considered \"earned\" if and when a developer receives them as payments for a bonafide third-party transaction for virtual goods through the Roblox Platform. Currently, developers can earn Robux via the following mechanisms:\n\nSale of access to experiences (games) and in-game enhancements,\nEngagement-based payouts for the amount of time that Roblox Premium subscribers spend in their experiences,\nSale of content and tools within the developer community, and\nSale of virtual items to gamers through the Avatar Marketplace.\n\nAs Roblox users’ purchase and spend Robux on the platform, developers receive 70% of the Robux spent within their games and 70% of the Robux spent on Roblox's Studio Marketplace items. Content creators receive only 30% of the Robux spent for their Avatar Marketplace items. The earned Robux are deposited into the virtual accounts of the developers and creators, who (if qualified) can convert Robux into U.S. dollars at an exchange rate which is (again) set by Roblox (in its sole discretion) at 1 Robux to $0.0035 (conversion price as of Dec. 31, 2020).\nAs you may remember, the average purchase price of a Robux was $0.01 in 2020, and now we know that developers can exchange a Robux for $0.0035 (35% of Robux’s purchase price). Therefore, the unit economics are undoubtedly tilted in favor of Roblox, and the virtual economy built within Roblox’s ecosystem gives the company massive controlling power.\nIn 2020, Roblox’s qualified developers (Developer Exchange Program) earned $328.7M, up from $112M in 2019. The growth in developer earnings resulted from a growth in qualified developers, a rise in DAUs, and higher engagement with consumers. As an aside, Roblox’s developers do not always cash out their Robux into real-world currency as they can reinvest their Robux into developer tools available in the Studio Marketplace, promote their games through Roblox’s internal ad network, or spend the Robux as any other Roblox gamer would (on experiences and in-game purchases).\nThe Roblox platform combines significant bookings (sale of Robux) (and, by extension, revenue) with strong unit economics to generate massive amounts of free cash flow.\nRoblox Had A Great 2020, But What Next?\nIn 2020, the coronavirus pandemic boosted the mobile gaming industry as people (kids, to be precise) stayed home during lockdowns. Roblox's social gaming platform saw an influx of new users, and bookings shot up to over $2B. As you can see, Roblox's revenues grew by 81% y/y to $923M last year.\nSource:Roblox S-1\nThe rapid revenue growth is attributable to an increase in numbers of active users and higher user engagement (and spending). Roblox's DAUs went up from 19M to 37M within a year, while average bookings per DAU shot up to $17.30 from $12.37. For Q4, total hours engaged came in at 8.4B hours, a figure that represented substantial growth on a y/y basis; however, it also represented a q/q decline.\nSource:Roblox S-1\nAlthough Roblox's operations continue to lose money, the company is actually generating massive amounts of free cash flow. The bookings made on Roblox's platform convert to revenue over time as in-game virtual goods are consumed or amortized (in accordance with the average life of the consumer).\nSource:Roblox S-1\nOn the back of ultra-strong numbers in 2020, Roblox's public listing seems to be timed to perfection. From a reference price of $45, the stock rallied higher on the direct listing day and has continued to trade up at ~$65-80 range. Here's what Roblox's CEO had to say on the listing:\nSource:Roblox CEO David Baszucki on the company's Wall Street debut\nRoblox's growth numbers for 2020 were mind boggling. However, the expectations for 2021 are lukewarm (and rightly so). With the pandemic fading away, people are returning towards normality, and a reduction in hours spent on gaming is a certainty.\nFor 2021, Roblox is expecting DAU growth of just 6%, with flat numbers for hours engaged. Although the company expects revenue to grow by 60% y/y, bookings (closer estimation of Roblox's actual growth) are expected to grow at just 10% y/y.\nSource:Roblox S-1\nAs bookings growth moderates and the company spends more on R&D to drive future growth, the company's free cash flow is set to decline in 2021. Therefore, I would not expect fireworks to continue for Roblox's stock over the coming year as it faces tough comps.\nSource:Roblox S-1\nWith that being said, Roblox's growth story is far from over. In fact, I can envision a very long growth runway for Roblox (similar to Unity). The growth of interactive, real-time 3D content across numerous industries (like Gaming, Architecture, 3D printing/Intelligent Manufacturing, AR/VR, and many more) will drive the demand for Roblox's platform higher over the coming years.\nSource:Newzoo\nIn 2020, mobile gaming was the fastest-growing industry among all forms of gaming, and it's now believed to be worth $77.2B. And by 2025, it's expected to be worth$150B per annum. Naturally, Roblox will benefit from the rapid growth in mobile gaming. Therefore, Roblox is supported by a very powerful secular growth trend, i.e., the rise of mobile gaming.\nHowever, the real upside for Roblox's platform will come from the mainstream adoption of AR/VR technology. These markets are set to see explosive growth over upcoming years:\nSource:DevTeam\nEconomically viable virtual realities are already all around us in that games are massively profitable and are pseudo-virtual realities. I believe that this market will actually accelerate as wide-scale adopted virtual realities begin popping up over the next decade or two, many of which will likely be built atop platforms such as Roblox and Unity.\nAlthough I like Unity, I believe that Roblox's platform has greater potential due to the democratization of content generation. Roblox is transforming the world of interactive gaming by changing how people express themselves, play, socialize, learn, and transact together. According to the management, Roblox is currently focused on the following growth initiatives:\n\nPlatform Extension: Roblox is continually investing to extend its platform. These investments include high fidelity avatars, 3D spatial audio technology, and additional social features. In the future, Roblox can expand into other areas like entertainment, e-learning (education), and enterprise work communications. For example, developers will be able to create and host virtual meetings, classrooms, concerts, and conferences on the Roblox platform.\nAge Demographics Expansion: Today, a large chunk of Roblox’s users are kids below the age of 13. However, platform extension will enable developers to build higher quality experiences (games and other content) that are curated to meet the needs of an older age demographic. If Roblox can successfully increase its penetration among other older age categories, then it can easily grow at swashbuckling rates for years to come.\nInternational Reach: Roblox already is a global platform. However, there's still significant potential for the company to grow in international markets. Today, almost all of Roblox’s revenue comes from the United States, Canada, and United Kingdom. Hence, there are big markets for Roblox to expand its presence. Roblox is expecting the same organic, word-of-mouth user and developer growth in international markets that the platform has experienced in its primary markets. Additionally, Roblox is making massive investments in technology to enhance growth across the globe. For example, features such as built-in regional compliance and automated language translation can enable Roblox to scale operations in global markets, allowing developers to publish games (or content) in multiple languages and allowing users (speaking different languages) to communicate effectively. Roblox’s greatest international opportunity today is China, and the company is addressing this opportunity through a joint venture with Songhua (an affiliate of Tencent, which is one of the leading internet companies in China).\nMonetization: Roblox believes that its platform has massive monetization potential. To improve monetization, Roblox is actively working with the developer community. Furthermore, Roblox is taking up new strategic initiatives such as the Roblox Premium subscription service to enhance retention of paying users and conversion of free users to paying users. Finally, Roblox is working with leading brands (like Warner Bros, NFL, Netflix, Marvel, WWE, and FC Barcelona) to build unique marketing opportunities on the Roblox Platform through branded content.\n\nHence, Roblox will likely resume robust bookings growth after the projected slowdown in 2021. As you may know, Roblox competes for both users, developers, and creators. Roblox competes to attract and retain its users' attention on the basis of content and user experiences. Therefore, Roblox competes for users and their engagement hours with global technology leaders such as Amazon, Apple, Google, Microsoft, Facebook, and Tencent, global entertainment companies such as Disney, Comcast, and ViacomCBS, global gaming companies such as Electronic Arts, Activision Blizzard, Take-Two, Unity, Valve, and Zynga, online content platforms including Spotify, Netflix, and YouTube, as well as social platforms such as Facebook, Snap, and Pinterest.\nFor now, Roblox is out-competing its rivals due to many factors such as personalization of user experience, content variety, and social features. However, Roblox is heavily reliant on developers for the content that leads to the creation and maintenance of user engagement on its platform. Hence, Roblox has to compete with other platforms like Unity to attract and retain developers. Therefore, Roblox has to provide advanced tools needed to build, publish, operate, and monetize content (more efficiently and more lucratively than its rivals).\nHence, Roblox directly competes for developers, creators, and engineering talent with gaming platforms (such as Epic Games, Unity, and Valve Corporation) that provide developers and creators the ability to create or distribute interactive content. I believe Roblox's comprehensive offering to build, publish, and operate experiences on its platform, free and easy-to-use technology, broad user reach, economic rewards system, brand, reputation for innovation, developer-centric culture, and Roblox's vision differentiates the company from its rivals.\nNow, let's find the fair value and expected returns for Roblox.\nFair Value and Expected Return\nRoblox's bookings are the true reflection of its business, and so we will be analyzing the company using its bookings and not its revenue. In this case, the potential free cash flow margin is also based on bookings.\nAssumptions:\n\n\n\nForward 12-month bookings [A]\n$2000 million\n\n\nPotential Free Cash Flow Margin [B]\n30%\n\n\nAverage fully-diluted shares outstanding [C]\n~650 million\n\n\nFree cash flow per share [ D = (A * B) / C ]\n$0.923\n\n\nFree cash flow per share growth rate (conservative estimate)\n25%\n\n\nTerminal growth rate\n3%\n\n\nYears of elevated growth\n10\n\n\nTotal years to stimulate\n100\n\n\nDiscount Rate (Our \"Next Best Alternative\")\n9.8%\n\n\n\nResults:\nSource: L.A. Stevens Valuation Model\nAccording to my estimation, Roblox's fair value is ~$58, i.e., it's trading at a premium of ~20%. In this market, high-growth tech stocks have been hammered, and there are great deals out there. And so buying Roblox at a premium doesn't make a lot of sense.\nTo determine the expected returns, our model calculates a projected FCF per share value (year-10) and multiplies it with an assumed Price to FCF multiple (35x here), thereby generating a 2031 price target. Using this price target, the model generates an expected CAGR return for a ten-year investment.\nSource: L.A. Stevens Valuation Model\nAs you can see above, Roblox's share price could grow from ~$70 to ~$240 (~3.5x) at a CAGR of ~13.15% over the next decade. Since the expected return is lower than BTM's investment hurdle rate of 15%, I rate Robloxa modest buy to hold at $70.\nAt such a large market cap, the company will require a few years for growth to catch up with its current valuation.\nConcluding Thoughts\nLet's conclude our discussion with a BTM Crucial Characteristics Check for Roblox:\n\n\n\nCrucial Characteristic\nNotes\n\n\nVisionary Founder/CEO\nDavid Baszucki (co-founder of Roblox) is a visionary technologist who has led Roblox as its CEO since its launch in 2006. Over the last five years, Roblox's popularity has exploded. However, David and his team are aggressively reinvesting in the Roblox platform (especially in engineering) to drive the next leg of growth for the company. Roblox's vision is to become a platform where billions of people share experiences (not just gaming) on a daily basis.David is now 58, so we might have his leadership only for a few more years. Furthermore, all other C-suite executives (barring one or two) at Roblox are also well into their 50s. Therefore, I expect significant management changes at Roblox over the next decade. With that being said, I believe the Roblox platform is incredibly powerful, and the company's business model is so robust that even a chimp can run it successfully.\n\n\nProprietary Tech\nRoblox's platform (Client, Studio, and Cloud) is powered by highly proprietary technology built over the last three decades. On any given day, more than 32M people use Roblox (DAUs) to connect via play.\n\n\nNetwork Effects\nThe social component built into Roblox allows users to invite their friends and family to play with them and share experiences on the platform. A higher number of users attracts more developers to Roblox, which leads to more games (better content by variety and quality). These network effects remain the primary driver of Roblox's tremendous growth.\n\n\nPowerful Secular Growth Trend\nThe growth of interactive, real-time 3D content across numerous industries (like Gaming, AR/VR, Architecture, 3D printing/Intelligent Manufacturing, etc.) is a powerful secular growth driver for Roblox.\n\n\nSounds Financials\nIn 2020, Roblox reported mind-boggling numbers in terms of revenue (~$923M, up ~82% y/y), bookings (~$1.8B, up ~181% y/y), and free cash flow (~$411M). However, the company expects stagnation in bookings in 2021 as the pandemic boost to gaming disappears. Roblox is already a free cash flow generative business, and the company has $800M+ on its balance sheet. Therefore, a direct listing made sense.With 650M fully-diluted shares outstanding, Roblox's numbers fall short relative to its market cap. The stock is currently trading at a premium of 20% to its fair value, and its expected CAGR return of 13% falls below our investment hurdle rate.\n\n\nBranding\nRoblox is a global platform that has 130M Users (32.6M Daily Active Users). The Roblox platform gives individuals a strong sense of community and belonging through the rich, immersive co-experiences it provides. Roblox's growth is entirely organic (word-of-mouth), and this shows how the brand is truly loved by its customers.\n\n\nInternational Expansion\nRoblox is available globally; however, it has significant room to expand in underpenetrated geographies such as Europe, Latin America, Africa, and Asia. The joint venture with Tencent to bring Roblox to China will probably be the biggest growth driver for the company within the next few years.\n\n\n\nRoblox satisfies almost all of BTM's investment criteria, but at a market cap of $45B+, the valuation looks stretched. We do not shy away from paying a premium for a high-quality business if the expected return exceeds our hurdle rate; however, the expected return for Roblox is only 13% after the massive bounce in its price after going public.\nIn recent years, direct listings (like Spotify(NYSE:SPOT)and Slack(NYSE:WORK)) have failed to generate massive performance in their first year as public companies and I expect Roblox to follow suit. The company's guidance for 2021 points to stagnation in bookings as the mobile gaming frenzy of 2020 fades away along with the pandemic. Therefore, I think we can wait for a better entry point on Roblox, which would be around its direct listing price of $45.\nKey Takeaway: I rate Roblox a hold to modest buy at $70.\nThanks for reading. Please share your thoughts, questions, and/or concerns in the comments section.","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883262336,"gmtCreate":1631245278925,"gmtModify":1676530507783,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/883262336","repostId":"1109335825","repostType":4,"isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897274060,"gmtCreate":1628932797250,"gmtModify":1676529896290,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897274060","repostId":"2159521376","repostType":4,"repost":{"id":"2159521376","pubTimestamp":1628906786,"share":"https://www.laohu8.com/m/news/2159521376?lang=&edition=full","pubTime":"2021-08-14 10:06","market":"us","language":"en","title":"Chasing Tesla: Here are the current electric vehicle plans of every major car maker","url":"https://stock-news.laohu8.com/highlight/detail?id=2159521376","media":"MarketWatch","summary":"At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles ","content":"<p>At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.</p>\n<p>EVs accounted for 2.4% of U.S. cars sold in 2020, up from 0.7% five years ago, according to BloombergNEF. The research provider expects that share to increase to 11% in 2025; by 2030, it expects that slightly over a third of vehicles sold in the U.S. will be electric.</p>\n<p>Several auto makers had already announced bigger EV ambitions even before the White House call.</p>\n<p>Here are each major car maker's stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market.</p>\n<p>This information was collated from company sites, previous reports, and BloombergNEF projections, and will be updated regularly.</p>\n<p><b>Audi</b></p>\n<p>Audi, a brand known for its luxury cars and owned by Germany's Volkswagen AG , has promised to have battery-electric vehicles comprise 35% of its sales by 2025. By that time, Audi buyers will choose from about 20 EV models.</p>\n<p><b>BMW</b></p>\n<p>BMW AG , a luxury-car maker from Germany, was among the first EV innovators. It launched its i3 compact EV eight years ago, then as $one of the few serious competitors to Tesla Inc.'s vehicles.</p>\n<p>BMW's EV pipeline has slowed, but the auto maker has promised that 25% of its European sales will be all-electric and hybrid vehicles this year, and that all sales of its Mini brand will be battery electric by 2030. It expects to launch more than 10 battery EVs models in the next couple of years.</p>\n<p><b>Daimler/Mercedes-Benz</b></p>\n<p>Mercedes-Benz, owned by Daimler AG , expects that between 15% and 25% of its sales will be comprised of EV sales by 2025; by 2030, that percentage is expected to grow to 50%. Mercedes-Benz is slated to end 2021 offering three new electric passenger car models and more to come in 2022.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec4b2abd59e5b19c9eec0034342af25e\" tg-width=\"700\" tg-height=\"413\" width=\"100%\" height=\"auto\"><span>SOURCE: MERCEDES</span></p>\n<p><b>Ford</b></p>\n<p>Ford Motor Co. <a href=\"https://laohu8.com/S/F\">$(F)$</a> has said that 40% of its global sales by 2030 will be sales of EVs . Ford is aiming to have dozens of electrified models by 2022, the year that will also mark the debut of its much-awaited all-electric F-150 Lightning pickup truck.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3a44fec36dac046911679a2ba769cb2b\" tg-width=\"700\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>The Ford F-150 Lightning o JEFF KOWALSKY/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Ford has called the Lightning the \"pillar\" of its more than $22 billion bet on EVs, which includes EV models for other best-selling vehicles such as the Mustang and its Transit van.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87df52ddef1af1d1342d685897e83652\" tg-width=\"700\" tg-height=\"392\" width=\"100%\" height=\"auto\"><span>SOURCE: FORD</span></p>\n<p><b>GM</b></p>\n<p>General Motors Co. <a href=\"https://laohu8.com/S/GM\">$(GM)$</a> surprised Wall Street in January by saying it aims to phase out all of its internal combustion engine vehicles by 2035 and only sell zero-emission vehicles by then. The auto maker also promises to be carbon-neutral by 2040.</p>\n<p>GM has said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company's U.S. models will be battery electric vehicles by the end of 2025. Its Hummer electric is expected for next year, with production starting this fall.</p>\n<p><b>Honda</b></p>\n<p>The Japanese maker (7267.TO), which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030. In April 2020, Honda and GM announced a partnership to develop Honda electric cars using GM's Ultium batteries.</p>\n<p><b>Hyundai</b></p>\n<p>The Korean car maker , which also owns Kia, is aiming to have 40% of its Kia and Hyundai brands sales to be of EVs and fuel-cell electric vehicles by 2025. Its Hyundai brand plans on more than 30 electric passenger vehicles by then.</p>\n<p><b>Mazda</b></p>\n<p>Mazda plans to offer 5% of its vehicles as battery electric by 2030, but EV sales targets as a percentage of total sales are unknown at the moment. Mazda does not offer EVs in the U.S., but sells a few EV and hybrid models elsewhere.</p>\n<p><b>Nissan</b></p>\n<p>Nissan Motor Co. Ltd. was among the first auto makers to offer an all-electric vehicle, and its the Nissan Leaf for years was one of the few options available for those without the deep pockets needed for a Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> Model S.</p>\n<p>Nissan plans to offer 20 EV models in China by next year, and for the U.S. the company recently said it plans that more than 40% of its U.S. vehicle sales by 2030 will be fully electric.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5cbdfabce43725b3d966cf5db5b820f6\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>The Nissan Leaf NISSAN</span></p>\n<p><b>Porsche</b></p>\n<p>The car maker and almost synonym of sports cars is aiming to have half of its sales be of EV vehicles by 2025.</p>\n<p><b>Stellantis</b></p>\n<p><a href=\"https://laohu8.com/S/STLA\">Stellantis NV</a> (STLA.MI), the global auto maker formed earlier this year through the merger of Fiat Chrysler Automobiles NV and France's PSA Group, said in July it was investing $35 billion in EVs and adjacent technologies through 2025.</p>\n<p>By that year, Stellantis is expected to derive 31% of its U.S. sales and 38% of its European sales from EVs, percentages that are seen growing to 35% of U.S. sales and 70% of European sales by 2030.</p>\n<p><b>Subaru</b></p>\n<p>The Japanese maker is expected to derive 40% of its sales from EVs and hybrid electric vehicles by 2030.</p>\n<p><b>Toyota</b></p>\n<p>Some 70% of sales for the world's No. 1 car maker (7203.TO) are expected to come from EVs and fuel-cell electric vehicles by 2030. Toyota plans to offer 15 battery EV models by 2025. The car maker, of course, broke ground with its hybrid Toyota Prius two decades ago.</p>\n<p><b>Volkswagen</b></p>\n<p>The car maker is expected to derive 70% of its European sales from EVs and 50% of its U.S. sales from EVs by 2030. Volkswagen has pledged to spend about $40 billion through 2025 on EVs.</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>Chasing Tesla: Here are the current electric vehicle plans of every major car maker</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\">\nChasing Tesla: Here are the current electric vehicle plans of every major car maker\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/chasing-tesla-here-are-the-current-electric-vehicle-plans-of-every-major-car-maker-11628876816?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes ...</p>\n\n<a href=\"https://www.marketwatch.com/story/chasing-tesla-here-are-the-current-electric-vehicle-plans-of-every-major-car-maker-11628876816?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":{"NSANY":"日产汽车","DDAIF":"戴姆勒汽车","HYEVF":"Hyundai Elevator Co Ltd.","VLKAF":"Volkswagen AG","GM":"通用汽车","TSLA":"特斯拉","FUJHF":"Subaru Corporation ","HMC":"本田汽车","F":"福特汽车","STLA":"Stellantis NV","TM":"丰田汽车"},"source_url":"https://www.marketwatch.com/story/chasing-tesla-here-are-the-current-electric-vehicle-plans-of-every-major-car-maker-11628876816?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159521376","content_text":"At President Joe Biden's urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.\nEVs accounted for 2.4% of U.S. cars sold in 2020, up from 0.7% five years ago, according to BloombergNEF. The research provider expects that share to increase to 11% in 2025; by 2030, it expects that slightly over a third of vehicles sold in the U.S. will be electric.\nSeveral auto makers had already announced bigger EV ambitions even before the White House call.\nHere are each major car maker's stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market.\nThis information was collated from company sites, previous reports, and BloombergNEF projections, and will be updated regularly.\nAudi\nAudi, a brand known for its luxury cars and owned by Germany's Volkswagen AG , has promised to have battery-electric vehicles comprise 35% of its sales by 2025. By that time, Audi buyers will choose from about 20 EV models.\nBMW\nBMW AG , a luxury-car maker from Germany, was among the first EV innovators. It launched its i3 compact EV eight years ago, then as $one of the few serious competitors to Tesla Inc.'s vehicles.\nBMW's EV pipeline has slowed, but the auto maker has promised that 25% of its European sales will be all-electric and hybrid vehicles this year, and that all sales of its Mini brand will be battery electric by 2030. It expects to launch more than 10 battery EVs models in the next couple of years.\nDaimler/Mercedes-Benz\nMercedes-Benz, owned by Daimler AG , expects that between 15% and 25% of its sales will be comprised of EV sales by 2025; by 2030, that percentage is expected to grow to 50%. Mercedes-Benz is slated to end 2021 offering three new electric passenger car models and more to come in 2022.\nSOURCE: MERCEDES\nFord\nFord Motor Co. $(F)$ has said that 40% of its global sales by 2030 will be sales of EVs . Ford is aiming to have dozens of electrified models by 2022, the year that will also mark the debut of its much-awaited all-electric F-150 Lightning pickup truck.\nThe Ford F-150 Lightning o JEFF KOWALSKY/AGENCE FRANCE-PRESSE/GETTY IMAGES\nFord has called the Lightning the \"pillar\" of its more than $22 billion bet on EVs, which includes EV models for other best-selling vehicles such as the Mustang and its Transit van.\nSOURCE: FORD\nGM\nGeneral Motors Co. $(GM)$ surprised Wall Street in January by saying it aims to phase out all of its internal combustion engine vehicles by 2035 and only sell zero-emission vehicles by then. The auto maker also promises to be carbon-neutral by 2040.\nGM has said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company's U.S. models will be battery electric vehicles by the end of 2025. Its Hummer electric is expected for next year, with production starting this fall.\nHonda\nThe Japanese maker (7267.TO), which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030. In April 2020, Honda and GM announced a partnership to develop Honda electric cars using GM's Ultium batteries.\nHyundai\nThe Korean car maker , which also owns Kia, is aiming to have 40% of its Kia and Hyundai brands sales to be of EVs and fuel-cell electric vehicles by 2025. Its Hyundai brand plans on more than 30 electric passenger vehicles by then.\nMazda\nMazda plans to offer 5% of its vehicles as battery electric by 2030, but EV sales targets as a percentage of total sales are unknown at the moment. Mazda does not offer EVs in the U.S., but sells a few EV and hybrid models elsewhere.\nNissan\nNissan Motor Co. Ltd. was among the first auto makers to offer an all-electric vehicle, and its the Nissan Leaf for years was one of the few options available for those without the deep pockets needed for a Tesla Inc. $(TSLA)$ Model S.\nNissan plans to offer 20 EV models in China by next year, and for the U.S. the company recently said it plans that more than 40% of its U.S. vehicle sales by 2030 will be fully electric.\nThe Nissan Leaf NISSAN\nPorsche\nThe car maker and almost synonym of sports cars is aiming to have half of its sales be of EV vehicles by 2025.\nStellantis\nStellantis NV (STLA.MI), the global auto maker formed earlier this year through the merger of Fiat Chrysler Automobiles NV and France's PSA Group, said in July it was investing $35 billion in EVs and adjacent technologies through 2025.\nBy that year, Stellantis is expected to derive 31% of its U.S. sales and 38% of its European sales from EVs, percentages that are seen growing to 35% of U.S. sales and 70% of European sales by 2030.\nSubaru\nThe Japanese maker is expected to derive 40% of its sales from EVs and hybrid electric vehicles by 2030.\nToyota\nSome 70% of sales for the world's No. 1 car maker (7203.TO) are expected to come from EVs and fuel-cell electric vehicles by 2030. Toyota plans to offer 15 battery EV models by 2025. The car maker, of course, broke ground with its hybrid Toyota Prius two decades ago.\nVolkswagen\nThe car maker is expected to derive 70% of its European sales from EVs and 50% of its U.S. sales from EVs by 2030. Volkswagen has pledged to spend about $40 billion through 2025 on EVs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892829671,"gmtCreate":1628649155193,"gmtModify":1676529808761,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"TO THE MOON!","listText":"TO THE MOON!","text":"TO THE MOON!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892829671","repostId":"2158035654","repostType":4,"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192564549,"gmtCreate":1621216917181,"gmtModify":1704354065564,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Diamond hands!","listText":"Diamond hands!","text":"Diamond hands!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192564549","repostId":"1177712976","repostType":4,"repost":{"id":"1177712976","pubTimestamp":1621213509,"share":"https://www.laohu8.com/m/news/1177712976?lang=&edition=full","pubTime":"2021-05-17 09:05","market":"us","language":"en","title":"IPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings","url":"https://stock-news.laohu8.com/highlight/detail?id=1177712976","media":"benzinga","summary":"There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat milk.SquareSpace has 3.7 million unique subscribers in 180 countries. Revenue was $621 million for SquareSpace in 2020, up 28% year-over-year. In the first quarter of 2021, revenue for SquareSpace was $179.6 million.In March, SquareSpace acquired Tock, a hospitality platform and application system, ","content":"<p>There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat milk.</p><p><b>SquareSpace:</b>Offering an all-in-one platform for small and medium sized businesses to manage&nbsp;their online presence,<b>SquareSpace</b>&nbsp;is one of the largest in the market. The companyseeksto help people stand out and succeed by offering help with online presence, commerce and marketing.</p><p>SquareSpace has 3.7 million unique subscribers in 180 countries. Revenue was $621 million for SquareSpace in 2020, up 28% year-over-year. In the first quarter of 2021, revenue for SquareSpace was $179.6 million.</p><p>In March, SquareSpace acquired Tock, a hospitality platform and application system,&nbsp;for $415 million, which could help with additional expansion.</p><p>The company estimates that 46% of U.S. small and midsize&nbsp;businesses are not online today, offering room for expansion for SquareSpace.</p><p>SquareSpace is selling 40.4 million shares in adirect listing.</p><p><b>Procure Technologies:</b>Cloud-based construction management software company&nbsp;<b>Procure Technologies</b>&nbsp;plans&nbsp;to sell 9.5 million shares at a price point of $60 to $65. The company is helping digitize a construction industry that still has low market penetration.</p><p>Procure had $400 million in revenue in 2020, up 38% year-over-year. Procure has over 800 customers that represent $100,000 in annual revenue. Over 60% of customers subscribe to three or more Procure products. The company reports 1.6 million users in over 125 countries.</p><p>Since 2014, Procure has helped manage over 1 million projects representing over $1 trillion in construction ideas. The total addressable market size for construction software is listed as $12.4 billion and growing. The construction market represents 13% of the global gross domestic product.</p><p><b>Oatly Group:</b>Theworld’s largest oatmilk company&nbsp;<b>Oatly Group</b>&nbsp;is&nbsp;going publicwith an offering of 84.4 million ADS at a price point of $15 to $17.</p><p>The company offers dozens of products at over 60,000 retail points of sale&nbsp;and more than 32,000 coffee shops. Customers include&nbsp;<b>Starbucks Corp</b>&nbsp;,<b>Target Corporation</b>&nbsp;and Tesco.</p><p>Oatly was founded in Sweden, where the company commands a strong 53% market share for alternative dairy products. In the United States, Oatly had 182% year-over-year growth in the retail segment for 2020.</p><p>The company is using a food service-led expansion strategy to enter new markets and gain brand recognition. Oatly entered China in 2018 and is now present in over 8,000 locations through partnerships with Starbucks China and&nbsp;<b>Alibaba Group Holding</b>.</p><p>The company had revenue of $421.4 million in 2020, up 106.5% year-over-year. Revenue for the first three months of 2021 was $140.1 million, up 66.2% year-over-year. Revenue in 2020 was split 64% EMEA region, 24% Americas and 13% Asia. The company got 71% of 2020 revenue from the food retail segment and 25% from foodservice.</p><p>The global retail milk industry is worth an estimated $179 billion.</p>","source":"lsy1606299360108","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>IPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings</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\">\nIPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-17 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a531a6f7b6d1339dada82e8a701e8cf","relate_stocks":{"SQSP":"Squarespace Inc.","OTLY":"Oatly Group AB","PCOR":"Procore Technologies"},"source_url":"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177712976","content_text":"There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat milk.SquareSpace:Offering an all-in-one platform for small and medium sized businesses to manage their online presence,SquareSpace is one of the largest in the market. The companyseeksto help people stand out and succeed by offering help with online presence, commerce and marketing.SquareSpace has 3.7 million unique subscribers in 180 countries. Revenue was $621 million for SquareSpace in 2020, up 28% year-over-year. In the first quarter of 2021, revenue for SquareSpace was $179.6 million.In March, SquareSpace acquired Tock, a hospitality platform and application system, for $415 million, which could help with additional expansion.The company estimates that 46% of U.S. small and midsize businesses are not online today, offering room for expansion for SquareSpace.SquareSpace is selling 40.4 million shares in adirect listing.Procure Technologies:Cloud-based construction management software company Procure Technologies plans to sell 9.5 million shares at a price point of $60 to $65. The company is helping digitize a construction industry that still has low market penetration.Procure had $400 million in revenue in 2020, up 38% year-over-year. Procure has over 800 customers that represent $100,000 in annual revenue. Over 60% of customers subscribe to three or more Procure products. The company reports 1.6 million users in over 125 countries.Since 2014, Procure has helped manage over 1 million projects representing over $1 trillion in construction ideas. The total addressable market size for construction software is listed as $12.4 billion and growing. The construction market represents 13% of the global gross domestic product.Oatly Group:Theworld’s largest oatmilk company Oatly Group is going publicwith an offering of 84.4 million ADS at a price point of $15 to $17.The company offers dozens of products at over 60,000 retail points of sale and more than 32,000 coffee shops. Customers include Starbucks Corp ,Target Corporation and Tesco.Oatly was founded in Sweden, where the company commands a strong 53% market share for alternative dairy products. In the United States, Oatly had 182% year-over-year growth in the retail segment for 2020.The company is using a food service-led expansion strategy to enter new markets and gain brand recognition. Oatly entered China in 2018 and is now present in over 8,000 locations through partnerships with Starbucks China and Alibaba Group Holding.The company had revenue of $421.4 million in 2020, up 106.5% year-over-year. Revenue for the first three months of 2021 was $140.1 million, up 66.2% year-over-year. Revenue in 2020 was split 64% EMEA region, 24% Americas and 13% Asia. The company got 71% of 2020 revenue from the food retail segment and 25% from foodservice.The global retail milk industry is worth an estimated $179 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107881387,"gmtCreate":1620464558449,"gmtModify":1704344113147,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hope the money flow continues","listText":"Hope the money flow continues","text":"Hope the money flow continues","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/107881387","repostId":"1122089368","repostType":4,"repost":{"id":"1122089368","pubTimestamp":1620457397,"share":"https://www.laohu8.com/m/news/1122089368?lang=&edition=full","pubTime":"2021-05-08 15:03","market":"us","language":"en","title":"What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?","url":"https://stock-news.laohu8.com/highlight/detail?id=1122089368","media":"The Wall Street Journal","summary":"To veterans of financial bubbles, there is plenty familiar about the present. Stock valuations are t","content":"<p>To veterans of financial bubbles, there is plenty familiar about the present. Stock valuations are their richest since the dot-com bubble in 2000. Home prices are back to their pre-financial crisis peak. Risky companies can borrow at the lowest rates on record. Individual investors are pouring money into green energy and cryptocurrency.</p><p>This boom has some legitimate explanations, from the advances in digital commerce to fiscally greased growth that will likely be the strongest since 1983.</p><p>But there is one driver above all: the Federal Reserve. Easy monetary policy has regularly fueled financial booms, and it is exceptionally easy now. The Fed has kept interest rates near zero for the past year and signaled rates won’t change for at least two more years. It is buying hundreds of billions of dollars of bonds. As a result, the 10-year Treasury bond yield is well below inflation—that is, real yields are deeply negative —for only the second time in 40 years.</p><p>There are good reasons why rates are so low. The Fed acted in response to a pandemic that at its most intense threatened even more damage than the 2007-09 financial crisis. Yet in great part thanks to the Fed and Congress, which has passed some $5 trillion in fiscal stimulus, this recovery looks much healthier than the last. That could undermine the reasons for such low rates, threatening the underpinnings of market.</p><p>“Equity markets at a minimum are priced to perfection on the assumption rates will be low for a long time,” said Harvard University economist Jeremy Stein, who served as a Fed governor alongside now-chairman Jerome Powell. “And certainly you get the sense the Fed is trying really hard to say, ‘Everything is fine, we’re in no rush to raise rates.’ But while I don’t think we’re headed for sustained high inflation it’s completely possible we’ll have several quarters of hot readings on inflation.”</p><p>Since stocks’ valuations are only justified if interest rates stay extremely low, how do they reprice if the Fed has to tighten monetary policy to combat inflation and bond yields rise one to 1.5 percentage points, he asked. “You could get a serious correction in asset prices.”</p><p><b>‘A bit frothy’</b></p><p>The Fed has been here before. In the late 1990s its willingness to cut rates in response to the Asian financial crisis and the near collapse of the hedge fund Long-Term Capital Management was seen by some as an implicit market backstop, inflating the ensuing dot-com bubble. Its low-rate policy in the wake of that collapsed bubble was then blamed for driving up housing prices. Both times Fed officials defended their policy, arguing that to raise rates (or not cut them) simply to prevent bubbles would compromise their main goals of low unemployment and inflation, and do more harm than letting the bubble deflate on its own.</p><p>As for this year, in a report this week the central bank warned asset “valuations are generally high” and “vulnerable to significant declines should investor risk appetite fall, progress on containing the virus disappoint, or the recovery stall.” On April 28 Mr. Powell acknowledged markets look “a bit frothy” and the Fed might be one of the reasons: “I won’t say it has nothing to do with monetary policy, but it has a tremendous amount to do with vaccination and reopening of the economy.” But he gave no hint the Fed was about to dial back its stimulus: “The economy is a long way from our goals.” A Labor Department report Friday showing that far fewer jobs were created in April than Wall Street expected underlined that.</p><p>The Fed’s choices are heavily influenced by the financial crisis. While the Fed cut rates to near zero and bought bonds then as well, it was battling powerful headwinds as households, banks, and governments sought to pay down debts. That held back spending and pushed inflation below the Fed’s 2% target. Deeper-seated forces such as aging populations also held down growth and interest rates, a combination some dubbed “secular stagnation.”</p><p>The pandemic shutdown a year ago triggered a hit to economic output that was initially worse than the financial crisis. But after two months, economic activity began to recover as restrictions eased and businesses adapted to social distancing. The Fed initiated new lending programs and Congress passed the $2.2 trillion Cares Act. Vaccines arrived sooner than expected. The U.S. economy is likely to hit its pre-pandemic size in the current quarter, two years faster than after the financial crisis.</p><p>And yet even as the outlook has improved, the fiscal and monetary taps remain wide open. Democrats first proposed an additional $3 trillion in stimulus last May when output was expected to fall 6% last year. It actually fell less than half that, but Democrats, after winning both the White House and Congress, pressed ahead with the same size stimulus.</p><p>The Fed began buying bonds in March, 2020 to counter chaotic conditions in markets. In late summer, with markets functioning normally, it extended the program while tilting the rationale toward keeping bond yields low.</p><p>At the same time it unveiled a new framework: After years of inflation running below 2%, it would aim to push inflation not just back to 2% but higher, so that over time average and expected inflation would both stabilize at 2%. To that end, it promised not to raise rates until full employment had been restored and inflation was 2% and headed higher. Officials predicted that would not happen before 2024 and have since stuck to that guidance despite a significantly improving outlook.</p><p><b>Running of the bulls</b></p><p>This injection of unprecedented monetary and fiscal stimulus into an economy already rebounding thanks to vaccinations is why Wall Street strategists are their most bullish on stocks since before the last financial crisis, according to a survey byBank of AmericaCorp.While profit forecasts have risen briskly, stocks have risen more. The S&amp;P 500 stock index now trades at about 22 times the coming year’s profits, according to FactSet, a level only exceeded at the peak of the dot-com boom in 2000.</p><p>Other asset markets are similarly stretched. Investors are willing to buy the bonds of junk-rated companies at the lowest yields since at least 1995, and the narrowest spread above safe Treasurys since 2007, according to Bloomberg Barclays data. Residential and commercial property prices, adjusted for inflation, are around the peak reached in 2006.</p><p>Stock and property valuations are more justifiable today than in 2000 or in 2006 because the returns on riskless Treasury bonds are so much lower. In that sense, the Fed’s policies are working precisely as intended: improving both the economic outlook, which is good for profits, housing demand, and corporate creditworthiness; and the appetite for risk.</p><p>Nonetheless, low rates are no longer sufficient to justify some asset valuations. Instead, bulls invoke alternative metrics.</p><p>Bank of America recently noted companies with relatively low carbon emissions and higher water efficiency earn higher valuations. These valuations aren’t the result of superior cash flow or profit prospects, but a tidal wave of funds invested according to environmental, social and governance, or ESG, criteria.</p><p>Conventional valuation is also useless for cryptocurrencies which earn no interest, rent or dividends. Instead, advocates claim digital currencies will displace the fiat currencies issued by central banks as a transaction medium and store of value. “Crypto has the potential to be as revolutionary and widely adopted as the internet,” claims the prospectus of the initial public offering of crypto exchangeCoinbase GlobalInc.,in language reminiscent of internet-related IPOs more than two decades earlier. Cryptocurrencies as of April 29 were worth more than $2 trillion, according to CoinDesk, an information service, roughly equivalent to all U.S. dollars in circulation.</p><p>Financial innovation is also at work, as it has been in past financial booms. Portfolio insurance, a strategy designed to hedge against market losses, amplified selling during the 1987 stock market crash. In the 1990s, internet stockbrokers fueled tech stocks and in the 2000s, subprime mortgage derivatives helped finance housing. The equivalent today are zero commission brokers such as Robinhood Markets Inc., fractional ownership and social media, all of which have empowered individual investors.</p><p>Such investors increasingly influence the overall market’s direction, according to a recent report by the Bank for International Settlements, a consortium of the world’s central banks. It found, for example, that since 2017 trading volume in exchange-traded funds that track the S&amp;P 500, a favorite of institutional investors, has flattened while the volume in its component stocks, which individual investors prefer, has climbed. Individuals, it noted, are more likely to buy a company’s shares for reasons unrelated to its underlying business—because, for example, its name is similar to another stock that is on the rise.</p><p>While such speculation is often blamed on the Fed, drawing a direct line is difficult. Not so with fiscal stimulus. Jim Bianco, the head of financial research firm Bianco Research, said flows into exchange-traded funds and mutual funds jumped in March as the Treasury distributed $1,400 stimulus checks. “The first thing you do with your check is deposit it in your account and in 2021 that’s your brokerage account,” said Mr. Bianco.</p><p><b>Facing the future</b></p><p>It’s impossible to predict how, or even whether, this all ends. It doesn’t have to: High-priced stocks could eventually earn the profits necessary to justify today’s valuations, especially with the economy’s current head of steam. In he meantime, more extreme pockets of speculation may collapse under their own weight as profits disappoint or competition emerges.</p><p>Bitcoin once threatened to displace the dollar; now numerous competitors purport to do the same.TeslaInc.was once about the only stock you could buy to bet on electric vehicles; now there is China’s NIO Inc.,NikolaCorp., andFiskerInc.,not to mention established manufacturers such as Volkswagen AG andGeneral MotorsCo.that are rolling out ever more electric models.</p><p>But for assets across the board to fall would likely involve some sort of macroeconomic event, such as a recession, financial crisis, or inflation.</p><p>The Fed report this past week said the virus remains the biggest threat to the economy and thus the financial system. April’s jobs disappointment was a reminder of how unsettled the economic outlook remains. Still, with the virus in retreat, a recession seems unlikely now. A financial crisis linked to some hidden fragility can’t be ruled out. Still, banks have so much capital and mortgage underwriting is so tight that something similar to the 2007-09 financial crisis, which began with defaulting mortgages, seems remote. If junk bonds, cryptocoins or tech stocks are bought primarily with borrowed money, a plunge in their values could precipitate a wave of forced selling, bankruptcies and potentially a crisis. But that doesn’t seem to have happened. The recent collapse of Archegos Capital Management from reversals on derivatives-based stock investments inflicted losses on its lenders. But it didn’t threaten their survival or trigger contagion to similarly situated firms.</p><p>“Where’s the second Archegos?” said Mr. Bianco. “There hasn’t been one yet.”</p><p>That leaves inflation. Fear of inflation is widespread now with shortages of semiconductors, lumber, and workers all putting upward pressure on prices and costs. Most forecasters, and the Fed, think those pressures will ease once the economy has reopened and normal spending patterns resume. Nonetheless, the difference between yields on regular and inflation-indexed bond yields suggest investors are expecting inflation in coming years to average about 2.5%. That is hardly a repeat of the 1970s, and compatible with the Fed’s new goal of average 2% inflation over the long term. Nonetheless, it would be a clear break from the sub-2% range of the last decade.</p><p>Slightly higher inflation would result in the Fed setting short-term interest rates also slightly higher, which need not hurt stock valuations. More worrisome: Long-term bond yields, which are critical to stock values, might rise significantly more. Since the late 1990s, bond and stock prices have tended to move in opposite directions. That is because when inflation isn’t a concern, economic shocks tend to drive both bond yields (which move in the opposite direction to prices) and stock prices down. Bonds thus act as an insurance policy against losses on stocks, for which investors are willing to accept lower yields. If inflation becomes a problem again, then bonds lose that insurance value and their yields will rise. In recent months that stock-bond correlation, in place for most of the last few decades, began to disappear, said Brian Sack, a former Fed economist who is now with hedge fund D.E. Shaw &amp; Co. LP. He attributes that, in part, to inflation concerns.</p><p>The many years since inflation dominated the financial landscape have led investors to price assets as if inflation never will have that sway again. They may be right. But if the unprecedented combination of monetary and fiscal stimulus succeeds in jolting the economy out of the last decade’s pattern, that complacency could prove quite costly.</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>What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?</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\">\nWhat Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 15:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/what-happens-to-stocks-and-cryptocurrencies-when-the-fed-stops-raining-money-11620446420?mod=itp_wsj><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>To veterans of financial bubbles, there is plenty familiar about the present. Stock valuations are their richest since the dot-com bubble in 2000. Home prices are back to their pre-financial crisis ...</p>\n\n<a href=\"https://www.wsj.com/articles/what-happens-to-stocks-and-cryptocurrencies-when-the-fed-stops-raining-money-11620446420?mod=itp_wsj\">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.wsj.com/articles/what-happens-to-stocks-and-cryptocurrencies-when-the-fed-stops-raining-money-11620446420?mod=itp_wsj","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122089368","content_text":"To veterans of financial bubbles, there is plenty familiar about the present. Stock valuations are their richest since the dot-com bubble in 2000. Home prices are back to their pre-financial crisis peak. Risky companies can borrow at the lowest rates on record. Individual investors are pouring money into green energy and cryptocurrency.This boom has some legitimate explanations, from the advances in digital commerce to fiscally greased growth that will likely be the strongest since 1983.But there is one driver above all: the Federal Reserve. Easy monetary policy has regularly fueled financial booms, and it is exceptionally easy now. The Fed has kept interest rates near zero for the past year and signaled rates won’t change for at least two more years. It is buying hundreds of billions of dollars of bonds. As a result, the 10-year Treasury bond yield is well below inflation—that is, real yields are deeply negative —for only the second time in 40 years.There are good reasons why rates are so low. The Fed acted in response to a pandemic that at its most intense threatened even more damage than the 2007-09 financial crisis. Yet in great part thanks to the Fed and Congress, which has passed some $5 trillion in fiscal stimulus, this recovery looks much healthier than the last. That could undermine the reasons for such low rates, threatening the underpinnings of market.“Equity markets at a minimum are priced to perfection on the assumption rates will be low for a long time,” said Harvard University economist Jeremy Stein, who served as a Fed governor alongside now-chairman Jerome Powell. “And certainly you get the sense the Fed is trying really hard to say, ‘Everything is fine, we’re in no rush to raise rates.’ But while I don’t think we’re headed for sustained high inflation it’s completely possible we’ll have several quarters of hot readings on inflation.”Since stocks’ valuations are only justified if interest rates stay extremely low, how do they reprice if the Fed has to tighten monetary policy to combat inflation and bond yields rise one to 1.5 percentage points, he asked. “You could get a serious correction in asset prices.”‘A bit frothy’The Fed has been here before. In the late 1990s its willingness to cut rates in response to the Asian financial crisis and the near collapse of the hedge fund Long-Term Capital Management was seen by some as an implicit market backstop, inflating the ensuing dot-com bubble. Its low-rate policy in the wake of that collapsed bubble was then blamed for driving up housing prices. Both times Fed officials defended their policy, arguing that to raise rates (or not cut them) simply to prevent bubbles would compromise their main goals of low unemployment and inflation, and do more harm than letting the bubble deflate on its own.As for this year, in a report this week the central bank warned asset “valuations are generally high” and “vulnerable to significant declines should investor risk appetite fall, progress on containing the virus disappoint, or the recovery stall.” On April 28 Mr. Powell acknowledged markets look “a bit frothy” and the Fed might be one of the reasons: “I won’t say it has nothing to do with monetary policy, but it has a tremendous amount to do with vaccination and reopening of the economy.” But he gave no hint the Fed was about to dial back its stimulus: “The economy is a long way from our goals.” A Labor Department report Friday showing that far fewer jobs were created in April than Wall Street expected underlined that.The Fed’s choices are heavily influenced by the financial crisis. While the Fed cut rates to near zero and bought bonds then as well, it was battling powerful headwinds as households, banks, and governments sought to pay down debts. That held back spending and pushed inflation below the Fed’s 2% target. Deeper-seated forces such as aging populations also held down growth and interest rates, a combination some dubbed “secular stagnation.”The pandemic shutdown a year ago triggered a hit to economic output that was initially worse than the financial crisis. But after two months, economic activity began to recover as restrictions eased and businesses adapted to social distancing. The Fed initiated new lending programs and Congress passed the $2.2 trillion Cares Act. Vaccines arrived sooner than expected. The U.S. economy is likely to hit its pre-pandemic size in the current quarter, two years faster than after the financial crisis.And yet even as the outlook has improved, the fiscal and monetary taps remain wide open. Democrats first proposed an additional $3 trillion in stimulus last May when output was expected to fall 6% last year. It actually fell less than half that, but Democrats, after winning both the White House and Congress, pressed ahead with the same size stimulus.The Fed began buying bonds in March, 2020 to counter chaotic conditions in markets. In late summer, with markets functioning normally, it extended the program while tilting the rationale toward keeping bond yields low.At the same time it unveiled a new framework: After years of inflation running below 2%, it would aim to push inflation not just back to 2% but higher, so that over time average and expected inflation would both stabilize at 2%. To that end, it promised not to raise rates until full employment had been restored and inflation was 2% and headed higher. Officials predicted that would not happen before 2024 and have since stuck to that guidance despite a significantly improving outlook.Running of the bullsThis injection of unprecedented monetary and fiscal stimulus into an economy already rebounding thanks to vaccinations is why Wall Street strategists are their most bullish on stocks since before the last financial crisis, according to a survey byBank of AmericaCorp.While profit forecasts have risen briskly, stocks have risen more. The S&P 500 stock index now trades at about 22 times the coming year’s profits, according to FactSet, a level only exceeded at the peak of the dot-com boom in 2000.Other asset markets are similarly stretched. Investors are willing to buy the bonds of junk-rated companies at the lowest yields since at least 1995, and the narrowest spread above safe Treasurys since 2007, according to Bloomberg Barclays data. Residential and commercial property prices, adjusted for inflation, are around the peak reached in 2006.Stock and property valuations are more justifiable today than in 2000 or in 2006 because the returns on riskless Treasury bonds are so much lower. In that sense, the Fed’s policies are working precisely as intended: improving both the economic outlook, which is good for profits, housing demand, and corporate creditworthiness; and the appetite for risk.Nonetheless, low rates are no longer sufficient to justify some asset valuations. Instead, bulls invoke alternative metrics.Bank of America recently noted companies with relatively low carbon emissions and higher water efficiency earn higher valuations. These valuations aren’t the result of superior cash flow or profit prospects, but a tidal wave of funds invested according to environmental, social and governance, or ESG, criteria.Conventional valuation is also useless for cryptocurrencies which earn no interest, rent or dividends. Instead, advocates claim digital currencies will displace the fiat currencies issued by central banks as a transaction medium and store of value. “Crypto has the potential to be as revolutionary and widely adopted as the internet,” claims the prospectus of the initial public offering of crypto exchangeCoinbase GlobalInc.,in language reminiscent of internet-related IPOs more than two decades earlier. Cryptocurrencies as of April 29 were worth more than $2 trillion, according to CoinDesk, an information service, roughly equivalent to all U.S. dollars in circulation.Financial innovation is also at work, as it has been in past financial booms. Portfolio insurance, a strategy designed to hedge against market losses, amplified selling during the 1987 stock market crash. In the 1990s, internet stockbrokers fueled tech stocks and in the 2000s, subprime mortgage derivatives helped finance housing. The equivalent today are zero commission brokers such as Robinhood Markets Inc., fractional ownership and social media, all of which have empowered individual investors.Such investors increasingly influence the overall market’s direction, according to a recent report by the Bank for International Settlements, a consortium of the world’s central banks. It found, for example, that since 2017 trading volume in exchange-traded funds that track the S&P 500, a favorite of institutional investors, has flattened while the volume in its component stocks, which individual investors prefer, has climbed. Individuals, it noted, are more likely to buy a company’s shares for reasons unrelated to its underlying business—because, for example, its name is similar to another stock that is on the rise.While such speculation is often blamed on the Fed, drawing a direct line is difficult. Not so with fiscal stimulus. Jim Bianco, the head of financial research firm Bianco Research, said flows into exchange-traded funds and mutual funds jumped in March as the Treasury distributed $1,400 stimulus checks. “The first thing you do with your check is deposit it in your account and in 2021 that’s your brokerage account,” said Mr. Bianco.Facing the futureIt’s impossible to predict how, or even whether, this all ends. It doesn’t have to: High-priced stocks could eventually earn the profits necessary to justify today’s valuations, especially with the economy’s current head of steam. In he meantime, more extreme pockets of speculation may collapse under their own weight as profits disappoint or competition emerges.Bitcoin once threatened to displace the dollar; now numerous competitors purport to do the same.TeslaInc.was once about the only stock you could buy to bet on electric vehicles; now there is China’s NIO Inc.,NikolaCorp., andFiskerInc.,not to mention established manufacturers such as Volkswagen AG andGeneral MotorsCo.that are rolling out ever more electric models.But for assets across the board to fall would likely involve some sort of macroeconomic event, such as a recession, financial crisis, or inflation.The Fed report this past week said the virus remains the biggest threat to the economy and thus the financial system. April’s jobs disappointment was a reminder of how unsettled the economic outlook remains. Still, with the virus in retreat, a recession seems unlikely now. A financial crisis linked to some hidden fragility can’t be ruled out. Still, banks have so much capital and mortgage underwriting is so tight that something similar to the 2007-09 financial crisis, which began with defaulting mortgages, seems remote. If junk bonds, cryptocoins or tech stocks are bought primarily with borrowed money, a plunge in their values could precipitate a wave of forced selling, bankruptcies and potentially a crisis. But that doesn’t seem to have happened. The recent collapse of Archegos Capital Management from reversals on derivatives-based stock investments inflicted losses on its lenders. But it didn’t threaten their survival or trigger contagion to similarly situated firms.“Where’s the second Archegos?” said Mr. Bianco. “There hasn’t been one yet.”That leaves inflation. Fear of inflation is widespread now with shortages of semiconductors, lumber, and workers all putting upward pressure on prices and costs. Most forecasters, and the Fed, think those pressures will ease once the economy has reopened and normal spending patterns resume. Nonetheless, the difference between yields on regular and inflation-indexed bond yields suggest investors are expecting inflation in coming years to average about 2.5%. That is hardly a repeat of the 1970s, and compatible with the Fed’s new goal of average 2% inflation over the long term. Nonetheless, it would be a clear break from the sub-2% range of the last decade.Slightly higher inflation would result in the Fed setting short-term interest rates also slightly higher, which need not hurt stock valuations. More worrisome: Long-term bond yields, which are critical to stock values, might rise significantly more. Since the late 1990s, bond and stock prices have tended to move in opposite directions. That is because when inflation isn’t a concern, economic shocks tend to drive both bond yields (which move in the opposite direction to prices) and stock prices down. Bonds thus act as an insurance policy against losses on stocks, for which investors are willing to accept lower yields. If inflation becomes a problem again, then bonds lose that insurance value and their yields will rise. In recent months that stock-bond correlation, in place for most of the last few decades, began to disappear, said Brian Sack, a former Fed economist who is now with hedge fund D.E. Shaw & Co. LP. He attributes that, in part, to inflation concerns.The many years since inflation dominated the financial landscape have led investors to price assets as if inflation never will have that sway again. They may be right. But if the unprecedented combination of monetary and fiscal stimulus succeeds in jolting the economy out of the last decade’s pattern, that complacency could prove quite costly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107339629,"gmtCreate":1620443400361,"gmtModify":1704343810342,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Will this be sustainable in the long run?","listText":"Will this be sustainable in the long run?","text":"Will this be sustainable in the long run?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/107339629","repostId":"1120904578","repostType":4,"repost":{"id":"1120904578","pubTimestamp":1620429937,"share":"https://www.laohu8.com/m/news/1120904578?lang=&edition=full","pubTime":"2021-05-08 07:25","market":"us","language":"en","title":"S&P 500, Dow hit record highs as weak jobs data eases rate worries","url":"https://stock-news.laohu8.com/highlight/detail?id=1120904578","media":"Reuters","summary":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the","content":"<p>The Dow and S&amp;P 500 hit record closing highs on Friday while registering gains for the week, and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> recovered after U.S. jobs data eased concerns over prospects for rising rates.</p><p>U.S. job growth&nbsp;unexpectedly slowed&nbsp;in April, likely restrained by shortages of workers, the Labor Department report showed.</p><p>The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.</p><p>“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.</p><p>Heavily-weighted growth stocks such as <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp MSFT.O and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&amp;P 500 and Nasdaq their biggest boosts.</p><p>But gains were broad-based, with all major S&amp;P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.</p><p>The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&amp;P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.</p><p>For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&amp;P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.</p><p>“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.</p><p>A raft of upbeat earnings also helped stocks, and S&amp;P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.</p><p>Payments firm <a href=\"https://laohu8.com/S/SQ\">Square</a> Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)</p><p>Streaming device maker <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)</p><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 164 new 52-week highs and <a href=\"https://laohu8.com/S/AONE\">one</a> new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.</p><p>Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.</p>","source":"lsy1601381805984","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>S&P 500, Dow hit record highs as weak jobs data eases rate worries</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\">\nS&P 500, Dow hit record highs as weak jobs data eases rate worries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.U.S. job ...</p>\n\n<a href=\"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","MSFT":"微软","OEX":"标普100","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","ROKU":"Roku Inc","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","SQ":"Block","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","EXPE":"Expedia","SSO":"两倍做多标普500ETF",".DJI":"道琼斯","AAPL":"苹果"},"source_url":"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120904578","content_text":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.U.S. job growth unexpectedly slowed in April, likely restrained by shortages of workers, the Labor Department report showed.The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.Heavily-weighted growth stocks such as Microsoft Corp MSFT.O and Apple Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&P 500 and Nasdaq their biggest boosts.But gains were broad-based, with all major S&P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.A raft of upbeat earnings also helped stocks, and S&P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.Payments firm Square Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)Streaming device maker Roku Inc ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)Expedia Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.The S&P 500 posted 164 new 52-week highs and one new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581504637056720","authorId":"3581504637056720","name":"png","avatar":"https://static.tigerbbs.com/44e954d581f3ae4d62de4c43d6dd1974","crmLevel":5,"crmLevelSwitch":0},"content":"I will gladly go back in time and buy at the peak before all the market crashes in the last 100years lol","text":"I will gladly go back in time and buy at the peak before all the market crashes in the last 100years lol","html":"I will gladly go back in time and buy at the peak before all the market crashes in the last 100years lol"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889233745,"gmtCreate":1631149965887,"gmtModify":1676530480149,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Fight back to the moon!","listText":"Fight back to the moon!","text":"Fight back to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889233745","repostId":"2166392072","repostType":4,"repost":{"id":"2166392072","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":1631142328,"share":"https://www.laohu8.com/m/news/2166392072?lang=&edition=full","pubTime":"2021-09-09 07:05","market":"us","language":"en","title":"Wall Street ends lower, weighed down by Big Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2166392072","media":"Reuters","summary":"* U.S. Fed should trim pandemic stimulus - Bullard\n* Coinbase slumps after SEC threatens to sue\n* Pa","content":"<p>* U.S. Fed should trim pandemic stimulus - Bullard</p>\n<p>* Coinbase slumps after SEC threatens to sue</p>\n<p>* <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> falls after acquiring Japanese buy now, pay later firm</p>\n<p>* Indexes end: Dow -0.20%, S&amp;P 500 -0.13%, Nasdaq -0.57%</p>\n<p>Sept 8 (Reuters) - Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.</p>\n<p>Apple and <a href=\"https://laohu8.com/S/FB\">Facebook</a> fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those two Silicon Valley giants contributed more than any other companies to the S&amp;P 500's decline for the session.</p>\n<p>Investors have become more cautious following Friday's weak August payrolls data, while pressures from rising costs, despite the economy slowing, have increased concerns that the Fed could move sooner than expected to scale back massive monetary measures enacted last year to shield the economy from the coronavirus pandemic.</p>\n<p>The U.S. economy \"downshifted slightly\" in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery, the Fed said on Wednesday in its latest Beige Book compendium of anecdotal reports about the economy.</p>\n<p>The S&amp;P 500 has dipped less than 1% from its record closing high last Thursday, and it remains up 20% year to date, buoyed by the Fed's accommodative monetary policy.</p>\n<p>\"Investors are pulling petals from a daisy, saying, 'The economy will grow, the economy won't grow,'\" said Sam Stovall, chief investment strategist at CFRA. \"They can’t make up their minds, so they have not commitment to long-term positions.\"</p>\n<p>St. Louis Federal Reserve Bank President James Bullard told the Financial Times that the Fed should move forward with a plan to trim its pandemic stimulus program despite a slowdown in job growth.</p>\n<p>Six of the 11 S&amp;P 500 sector indexes fell, with materials&nbsp;and energy the deepest decliners, down over 1% each.</p>\n<p>The Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&amp;P 500 lost 0.13% to 4,514.07.</p>\n<p>The Nasdaq Composite dropped 0.57% to 15,286.64.</p>\n<p>Perrigo Company Plc jumped 9% after the drugmaker said it plans to buy HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management in a deal valued at 1.8 billion euros ($2.13 billion).</p>\n<p>Cryptocurrency exchange Coinbase Global Inc fell 3.2% after the U.S. securities regulator threatened to sue the firm if it goes ahead with plans to launch a crypto lending scheme.</p>\n<p>U.S. payments giant PayPal Holdings Inc declined 2.7% after it said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 2.18-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 32 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 41 new lows.</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>Wall Street ends lower, weighed down by Big Tech</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends lower, weighed down by Big Tech\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\">2021-09-09 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* U.S. Fed should trim pandemic stimulus - Bullard</p>\n<p>* Coinbase slumps after SEC threatens to sue</p>\n<p>* <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> falls after acquiring Japanese buy now, pay later firm</p>\n<p>* Indexes end: Dow -0.20%, S&amp;P 500 -0.13%, Nasdaq -0.57%</p>\n<p>Sept 8 (Reuters) - Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.</p>\n<p>Apple and <a href=\"https://laohu8.com/S/FB\">Facebook</a> fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those two Silicon Valley giants contributed more than any other companies to the S&amp;P 500's decline for the session.</p>\n<p>Investors have become more cautious following Friday's weak August payrolls data, while pressures from rising costs, despite the economy slowing, have increased concerns that the Fed could move sooner than expected to scale back massive monetary measures enacted last year to shield the economy from the coronavirus pandemic.</p>\n<p>The U.S. economy \"downshifted slightly\" in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery, the Fed said on Wednesday in its latest Beige Book compendium of anecdotal reports about the economy.</p>\n<p>The S&amp;P 500 has dipped less than 1% from its record closing high last Thursday, and it remains up 20% year to date, buoyed by the Fed's accommodative monetary policy.</p>\n<p>\"Investors are pulling petals from a daisy, saying, 'The economy will grow, the economy won't grow,'\" said Sam Stovall, chief investment strategist at CFRA. \"They can’t make up their minds, so they have not commitment to long-term positions.\"</p>\n<p>St. Louis Federal Reserve Bank President James Bullard told the Financial Times that the Fed should move forward with a plan to trim its pandemic stimulus program despite a slowdown in job growth.</p>\n<p>Six of the 11 S&amp;P 500 sector indexes fell, with materials&nbsp;and energy the deepest decliners, down over 1% each.</p>\n<p>The Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&amp;P 500 lost 0.13% to 4,514.07.</p>\n<p>The Nasdaq Composite dropped 0.57% to 15,286.64.</p>\n<p>Perrigo Company Plc jumped 9% after the drugmaker said it plans to buy HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management in a deal valued at 1.8 billion euros ($2.13 billion).</p>\n<p>Cryptocurrency exchange Coinbase Global Inc fell 3.2% after the U.S. securities regulator threatened to sue the firm if it goes ahead with plans to launch a crypto lending scheme.</p>\n<p>U.S. payments giant PayPal Holdings Inc declined 2.7% after it said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 2.18-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 32 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 41 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QID":"纳指两倍做空ETF","UDOW":"道指三倍做多ETF-ProShares","SDS":"两倍做空标普500ETF","DOG":"道指反向ETF","AAPL":"苹果","DJX":"1/100道琼斯","DXD":"道指两倍做空ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","PSQ":"纳指反向ETF","TQQQ":"纳指三倍做多ETF","QLD":"纳指两倍做多ETF","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","COIN":"Coinbase Global, Inc.","UPRO":"三倍做多标普500ETF","OEX":"标普100","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166392072","content_text":"* U.S. Fed should trim pandemic stimulus - Bullard\n* Coinbase slumps after SEC threatens to sue\n* PayPal falls after acquiring Japanese buy now, pay later firm\n* Indexes end: Dow -0.20%, S&P 500 -0.13%, Nasdaq -0.57%\nSept 8 (Reuters) - Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.\nApple and Facebook fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those two Silicon Valley giants contributed more than any other companies to the S&P 500's decline for the session.\nInvestors have become more cautious following Friday's weak August payrolls data, while pressures from rising costs, despite the economy slowing, have increased concerns that the Fed could move sooner than expected to scale back massive monetary measures enacted last year to shield the economy from the coronavirus pandemic.\nThe U.S. economy \"downshifted slightly\" in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery, the Fed said on Wednesday in its latest Beige Book compendium of anecdotal reports about the economy.\nThe S&P 500 has dipped less than 1% from its record closing high last Thursday, and it remains up 20% year to date, buoyed by the Fed's accommodative monetary policy.\n\"Investors are pulling petals from a daisy, saying, 'The economy will grow, the economy won't grow,'\" said Sam Stovall, chief investment strategist at CFRA. \"They can’t make up their minds, so they have not commitment to long-term positions.\"\nSt. Louis Federal Reserve Bank President James Bullard told the Financial Times that the Fed should move forward with a plan to trim its pandemic stimulus program despite a slowdown in job growth.\nSix of the 11 S&P 500 sector indexes fell, with materials and energy the deepest decliners, down over 1% each.\nThe Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&P 500 lost 0.13% to 4,514.07.\nThe Nasdaq Composite dropped 0.57% to 15,286.64.\nPerrigo Company Plc jumped 9% after the drugmaker said it plans to buy HRA Pharma from investment firms Astorg and Goldman Sachs Asset Management in a deal valued at 1.8 billion euros ($2.13 billion).\nCryptocurrency exchange Coinbase Global Inc fell 3.2% after the U.S. securities regulator threatened to sue the firm if it goes ahead with plans to launch a crypto lending scheme.\nU.S. payments giant PayPal Holdings Inc declined 2.7% after it said it would acquire Japanese buy now, pay later firm Paidy in a $2.7 billion largely cash deal.\nVolume on U.S. exchanges was 9.5 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 2.18-to-1 ratio favored decliners.\nThe S&P 500 posted 32 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 41 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818869273,"gmtCreate":1630396234892,"gmtModify":1676530290489,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818869273","repostId":"1188709955","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811273570,"gmtCreate":1630330387890,"gmtModify":1676530270834,"author":{"id":"3575324916676606","authorId":"3575324916676606","name":"OldMan69","avatar":"https://static.tigerbbs.com/a241efdf936287f65139662129e8dae4","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811273570","repostId":"2163889073","repostType":4,"repost":{"id":"2163889073","pubTimestamp":1630329960,"share":"https://www.laohu8.com/m/news/2163889073?lang=&edition=full","pubTime":"2021-08-30 21:26","market":"us","language":"en","title":"Exploring the Mysteries of Palantir Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2163889073","media":"Motley Fool","summary":"Discussing Palantir's latest earnings report, and a few thoughts on recent news from Afghanistan.","content":"<p>In this episode of <i>Industry Focus: Energy</i>, host Nick Sciple is joined by Lou Whiteman to take a look at <b>Palantir Technologies</b> (NYSE:PLTR) earnings and its gold purchase. Plus, the two discuss the Afghanistan recent news and how it will impact the defense industry.</p>\n<p>To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.</p>\n<p><i>This video was recorded on Aug. 19, 2021.</i></p>\n<p><b>Nick Sciple:</b> Welcome to <i>Industry Focus,</i> I am Nick Sciple. This week, I'm excited to welcome Lou Whiteman back on the show to take a look at Palantir's recent earnings. Lou, how's it going?</p>\n<p><b>Lou Whiteman:</b> Going well, good to see you, Nick.</p>\n<p><b>Sciple:</b> Great to have you here back on the show. We've talked about Palantir here in the past, I think this is the first show we're doing focusing specifically on this company. I had John a couple of weeks ago, we talked about the entertainment that we can get from <b>Tesla </b>earnings calls. There are some back-end relationships between Palantir, whose chairman is Peter Thiel, and then the Tesla CEO and former chairman, Elon Musk. What did you make of this earnings call, man? Palantir is a unique company.</p>\n<p><b>Whiteman:</b> They are. You know what? They own that, which I respect. It was a fun earnings call they did for people who didn't listen in. They have people submit questions, there's no live back-and-forth with analysts. It's brilliant because it really gives them a chance to communicate as they wish, and maybe not what they wish, but it makes for a really fun call. Issues or questions as simple as what's Palantir, what does Palantir do, which was <a href=\"https://laohu8.com/S/AONE.U\">one</a> that you pulled out that I thought was great.</p>\n<p><b>Sciple:</b> Yeah. They take this out of the Tesla playbook, where they take submissions from investors online. At least for the first part of the call, I would say most of the call, the Q&amp;A portion is spent answering those questions, having the IRR executives read that out.</p>\n<p>One of the things that we struggled with here, Lou, is trying to figure out, what exactly does Palantir do? We had a whole episode where we talked about these highly classified businesses. Sometimes, everything is behind the wall. It's hard to figure out what's going on and what exactly the nature of these programs are.</p>\n<p>It seems like some analysts are having the same problem, because there was a question we got on the earnings call. It says, \"Are there plans for the company to increase its PR presence to increase awareness of its business model, which may lead to increased utilization of Palantir's various software platforms?\"</p>\n<p>We got an answer from the chief operating officer, Shyam Sankar. I don't think it was super satisfying for those who were trying to figure out what the business is all about. They say: \"I can't really tell you why some people don't know or understand what we do. I can tell you about the people who do know though. It's the special operator who chased down a car to give him a hug. It's the civil servants who work tirelessly to deliver vaccines in the U.S. and the U.K. It's the French government as they raced to prevent bombs from exploding on the eve of Macron's election. It's the German police who caught the suicide bombers in time, the supply chain operators of the World Food Program, tackling COVID, escalating impact of global property and hunger, the factory workers on the assembly lines from Toulouse to Detroit.\" That's an answer. It's not really an exact answer. What is your understanding of what Palantir does, and where they fit in other than being like sneaky spy software people?</p>\n<p><b>Whiteman:</b> The big picture is this is a data analytics company. They bring order to data, and they do it with AI. They do it with a human intelligence. Humans are better at sorting through data than machines, but they do it with the speed and just the total volume of a machine. It's that human-level intelligence at the volume of machines that allows them to do amazing things. Most notably, they've helped the Pentagon find Osama Bin Laden, helped figure out that Bernie Madoff wasn't on the up and up. It is a special sauce. It's AI that helps sort through mountains and mountains of data and find things that both a human on his or her own or a lesser AI is going to miss. That in a nutshell is what they do. But it's complicated.</p>\n<p><b>Sciple:</b> It's complicated. You describe their culture as an artist colony. Very pretty eccentric you would say. Maybe it fits the Peter Thiel ethos. He has his book, <i>Zero to One</i>, I think it's one of the best investing books out there. But it talks about how you have to be different to achieve something different. They are certainly being very different from other folks, certainly, in the government services industry, maybe other companies, in general. When we look at the numbers from the earnings report, what the company is giving us as far as performance of the business. What stood out to you from earnings?</p>\n<p><b>Whiteman:</b> This is starting on a very high level. It was a very good quarter this recent quarter. We should note, they only went public late last year. It's an 18-year-old company, but it's relatively new to the public markets. Anyway, they earned $0.04 per share on revenue of $375 million. That easily topped estimates on revenue, $353 million was the estimate. It was a penny ahead on analyst expectations. Revenue was up an eye-popping 49% year-over-year. Adjusted operating margin topped 30% for the third straight quarter.&nbsp; This is a good solid business. We'll talk about that later. But I think the heart of the question of what Palantir does, why don't analysts get it, is there is a market disconnect right now going on with the strength of the business versus the strength of the stock. It's hard to get by. But look, they are forecasting great things. They had a 3-to-1 book to bill ratio, which means they're bringing in almost three times the business they're billing out. Fantastic. They had 20 customers in the quarter. Many of those, to be honest, didn't view this a bit of an asterisk there, but that is growth, and commercial side growth as we'll talk about soon, is key to the bull case here. Most impressive, they don't really give guidance, but they said with confidence, 30% annual revenue growth for each of the next five years. We're talking about growing the business from just over $1 billion, analyzing run-rate to a $3.5-4 billion company in a matter of five years, 2026. As an investor, you got to like that. They are definitely going in the right direction.</p>\n<p><b>Sciple:</b> Big question for me, and you may or may not have deep thoughts on this Lou. But just why now? You mentioned this is a company that's been around for a number of years. They were involved in the Osama Bin Laden capture a number of years ago. This company has been around for a while. Now, we're seeing this incredible growth, forecasting lots of growth into the future. What is your perception of the quarter they've turned here, or why now?</p>\n<p><b>Whiteman:</b> This is perception because as we discussed from the top, this isn't a company that really likes to spell out all of its thoughts out to the markets. They only went public last year. That coincided with a real push on the commercial side. They've mostly been a government contractor. I think what we're seeing here is part of their evolution into, hopefully, a more diversified contractor serving both government and commercial customers, to justify a strong public listing. They've been around for 18 years and they are only now a $1 billion company, mostly in defense. That's going to trade at a different valuation than a company that can really attack the commercial market. We can get into that in a second as far as where they are in that. But I think that this, the PR push, the going public, the commercial, this is all about turning from a niche government contractor to a more-mainstream data analytics company.</p>\n<p><b>Sciple:</b> It's that leap, maybe if you think about it. There's a couple of examples of autonomy. We had the DARPA program that was about autonomous vehicles, and now you have lots of companies trying to launch that in a commercial sense. If you look at iRobot, that makes the robot vacuums, the early history of that company was they were a robotic minesweeper. Obviously, you don't want people to be going around, walking through the minefield tracking for mines. That was the early development of that technology. Maybe this is another example of technology developed in the test tube of the military that now you can open up the floodgates and unleash it out onto the commercial world. One thing you mentioned about, Lou, some of the growth in revenue we're seeing. I think they said there's only 1% of their growth and revenue. But a huge chunk of their total contract volume is coming from these smaller companies, they call them \"Day Zero\" companies, that they are investing in. What can you tell us about what they're doing here? Obviously, there's some risk.</p>\n<p><b>Whiteman:</b> They are investing partially through the SPACs. They are investing in companies that they see promise in, and they are also finding customers that way. You can't do it forever, but it's hard to knock the strategy. Let's talk about it a little because I think this gets back to that initial, what is Palantir, and the question was, why don't analysts get it? Which is an interesting thing to say. This is a company, as we said, most of their history has been on the defense side. Right now, it's almost a $50 billion market cap on a $1 billion run rate of sales, so a quite rich price-to-sales on today. Even if you go forward with that 30% growth over five years, we're still talking about 12 to 15 times projected 2026 sales. Honestly, defense contractors mostly are less than two times sales. It's just out of this world for defense. This is part of this process where they need to become a commercial company. While they're making progress here, and like the Day Zero companies, they are being innovative in how they're going to do it. There was nothing in this quarter to suggest that the profile of this company is going to change anytime soon. Government with 61% of total revenue in the quarter, and it is growing faster. Government grew by about 66%, commercial grew about 28%.</p>\n<p>By comparison, it's hard to get a perfect comparison, but <b><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a></b>, which is a commercial company, similar size revenue, grew revenue by 110%. It is not growing as fast as Snowflake on the commercial side. If the government is a bigger part of the pie, and it's the side that's growing faster, it is really hard quickly to transition yourself into a commercial vendor. I think a lot of the angst in that question was, why don't analysts get the commercial? I think that's the better answer to that question right now, is that commercial is still the area of promise, but not the area that is the bulk of the business. These Day Zero companies initiatives like that, they've partnered with <b><a href=\"https://laohu8.com/S/IBM\">IBM</a> </b>to try and sell the software, which will cut margins which should hopefully help with growth. These are ways where they are trying to transform themselves into a more commercial minded company that arguably could justify a higher valuation long term.</p>\n<p><b>Sciple:</b> They talked about hiring a significant number of sales staff. Obviously, going out to sell to a different, more varied group of customers. I will say, for any company, we're having a venture capital arm of our business that's spinning up customers for us. I will say though, it makes you feel a little bit better when you have Peter Thiel, one of the best venture capitalists ever, as the chairman of the board. If there's anybody that's going to pick winners and have a pretty high hit rate there, I think he's one of them. We'll have to see.</p>\n<p><b>Whiteman:</b> They have the cash. I don't think there is a downside, but I also don't think that&nbsp; this solves there. It looked really good on the customer acquisition numbers. It's not going to drive revenue and really transform the business, just the nature of these customers.</p>\n<p><b>Sciple:</b> Yeah. Really questions about how quickly they can continue to grow this commercial side, how these bets on smaller companies work out. You mentioned the cash pile, Lou, and that's the other thing that's grabbing headlines here is how they're spending that cash pile. The company purchased $50 million in 100-ounce gold bars, they said in their Aug. 12 earnings statement. They said the purchase will be kept in a secure third-party facility located in the Northeastern United States and the company will be able to take possession of the gold bars at any time with reasonable notice. They've talked about this being insurance against a black swan event. Palantir is the eye in the sky that's helping support the operations of people like the CIA and the NSA. What do you make of this group in particular, buying $50 million in gold bars?</p>\n<p><b>Whiteman:</b> That is certainly the headline, this so-called Skynet, the company that has the AI capable of predicting the future, is buying gold. You know, that's something. I don't know what to make of it. I think it's a great way to get publicity. I can't imagine a lot of at least the U.S. government or large corporate customers saying we want to pay in gold. It feels more like a publicity thing, maybe a foreign government sales, it may come in handy. But yeah, it definitely catches the eye, maybe they know something we don't. But I have a hard time changing my view of the business based on the fact that they bought gold. It's just a really fun thing to watch to see exactly what they have planned.</p>\n<p><b>Sciple:</b> Yeah. For me, it's a couple of things. For me, partially, it's a $50 million marketing expense line item, you can think of it that way because me and you are talking about it, CNBC is talking about it, they're writing it up on Bloomberg, all these other places. I don't know if you could get that level of coverage across the world in the financial media with just a $50 million ad buy. You certainly have an asset left on the back end here with the gold purchase that you wouldn't have had if you just went in and spent it on ads, there's that. Do you think it's realistic, because they talked about customers having the ability to pay with cryptocurrency but nobody has paid, they are encouraging customers to pay with gold. But the people who had realistically wanted to have untraceable payments are the people that Palantir had said they will not service. There's potentially hostile groups and groups that would want to cover up their operations. I don't think that the U.S. Government wants to cover up that they are a customer of Palantir.</p>\n<p><b>Whiteman:</b> No. I mean, hopefully not. There was a high-profile customer we won't name who was a customer, but it turned out that they we're using the software to spy on employees and not make better lending decisions. But that was a few years ago in the past. Yeah, no, I mean, it's funny not to be too tongue-in-cheek, but it's hard to imagine a big customer actually piling gold into a truck and driving at the Palantir headquarters, so probably what you would have is some paper that represents an amount of gold, which used to be the U.S. dollar, so maybe they're just trying to get us back to the gold standard. But I tend to think you're right, that's $50 million of publicity that they also have an asset in the bank on. We'll see what else they do with that. I'd be surprised if it's much.</p>\n<p><b>Sciple:</b> Yeah, I choose to take the publicity angle on this because if you take that they're predicting World War III angle here, I don't want to predict that future, so I'm going to choose the publicity angle. Lou, you mentioned earlier, when you look at Palantir, they're tough to put a thumb on, and in some perspectives, you want to going to put it in the bucket of government services contractors, and others you want to put it in this bucket with your <b>Amazon</b>s, and your Snowflakes, and your <b>Microsoft </b>as this transformational Cloud software business. About a year ago, we did a defense stocks basket, which was some of these traditional companies. When you look at how Palantir has traded compared to some of those other companies, what are your thoughts on where Palantir fits in the bucket and there's different strategies for investors to get into these trends?</p>\n<p><b>Whiteman:</b> Not to dump the question, but this is really hard because I think business is fantastic. There is, in my mind, though, a disconnect between the business and the stock. It's hard to know how long that goes on or how quickly they grow out of it. One thing I do believe is that if they cannot get the commercial up and running the way they hope to, the valuation is not sustainable over time. Governments have cost-plus contracts. There is only so much business. If you talked to Pentagon people about Palantir, they both loved the company, they love the software when it's needed. But that when it is needed is important because it is expensive, it is cumbersome, it is a huge install, and frankly, it's best used not universally but when it's needed. I do think there are limits on the government's side, and I think the commercial side, they couldn't run into some of those same things.</p>\n<p>Last December, I actually put together a separate basket that was instead of Palantir, to buy these three defense IT firms. I was thinking five years, for the record, so far, I have not been right. My basket has losing to Palantir for less than 1% on average. If you throw in dividends, total return, I think I'm up, but whatever, we're very early in a five-year process. But the thing that struck me when I was looking at that this morning is just that Palantir, for all of its volatility, has basically gone nowhere in a long time. Now, it has been so long, it's been at various points in time this year, it's been up 60% for the year. It was down as much as 25%, wild swings. But for the year, it is actually losing to the<b> S&amp;P 500</b> by almost 9 percentage points. Basically, if you take out all that noise, it's a flat line. I wonder, this company, these products, they're too good for it just to fall off a cliff. It's hard to imagine the catalyst where it just crashes, it's done. But it's also hard to see that catalyst to get a jump higher. I think one or two things are going to happen. Either they're going to surprise me with the way they can grow the commercial, and I think honestly, probably surprise themselves because I think it's going to be much more than that 30% if they really see the stock take off, or this could just be a flat stock for a while while it slowly grows into its valuation.</p>\n<p>Looking at what it's done last year, I think the good news is that's not the worst downside. Really, it's hard to imagine this company just ceasing to exist. But I do question whether it can be a market-leading investment given its current valuation and the growth that's baked in, and the challenges that might find growth quickly. It really surprised me, its performance versus the S&amp;P 500 for the year. I wonder if that isn't telling of what we have, maybe not for the long, long term, but for the next few years, and the foreseeable future.</p>\n<p><b>Sciple:</b> Right. Certainly, some execution to live up to that valuation. Lou, you mentioned that basket. Just for completion's sake, what were the companies that were on that list of the three IT services firms?</p>\n<p><b>Whiteman:</b> It was <b>Booz Allen Hamilton</b>, BAH, which to be honest, has been the real clunker for me, and then I believe it was <b>SAIC</b>, and <b>Leidos Holdings</b>, LDOS.</p>\n<p><b>Sciple:</b> Excellent. We've talked about those in the past so I'll try to drop some links to episodes where we've talked about some of those companies. Any last thoughts on Palantir before we move on our next topic?</p>\n<p><b>Whiteman:</b> Again, I think just back to that original thing, why don't analysts understand? I think it's an open debate whether or not analysts understand it better than retail or if retail understands it better than analysts, because a lot of defense people like me are looking at it through that spectrum. We could be wrong and we could be missing it, but I think as an individual investor, you should at least be mindful that that could be what they are, too. As I said, the stock could readjust overtime.</p>\n<p><b>Sciple:</b> Is it <i>Rule Breaker</i> or is it a faker, we're going to find out sometime in these next quarters and years. The big thing we're going to be watching is how quickly they can grow that commercial business and sustain that growth overtime. We've talked about defense a lot today, Lou, in the context of Palantir. Maybe zooming out a little bit, the headline story everywhere is what's going on in Afghanistan, a really tragic scene. When you put what's going on there in the context of what it means for defense more broadly, do you have any high-level thoughts or context to give us?</p>\n<p><b>Whiteman:</b> Yeah, as you say, it's so hard to watch, it's hard to really make it into a stock story, but these are stocks and they move on, I do think for big defense, it is mostly a distraction right now, I mean, it could be a distraction that causes some disruption. I'm pretty sure we're going to see hearings, I think it's going to distract Congress so we could see delays on the budget, that's less clarity than we hope. There could be some resignations, there could be some shuffling in the budget because of it, so I don't think the big picture really alters on this, but I do think it could cause choppiness up ahead. Part of leaving Afghanistan as part of a broader trend toward a shift and focus toward what causes great power competition, that's mostly China and Russia. In the worst-case scenario, I guess with Afghanistan, we're kind of sucked back in, and maybe that means more near-term spending on munitions versus great power R&amp;D, which the companies would definitely prefer. The R&amp;D, it's higher margin, more turnaround, but it's hard to imagine a world where we stopped focusing on Russia and China, and so I do think the R&amp;D would be sustained. If anything, there was about $9 billion in the fiscal 2020 Pentagon budget to support the Afghan Army. That's presumably off the table, that does give some wiggle. That's not enough really to shift views on any one stock, but there is some wiggle room now. I think, long term, the thesis prior to this when all these companies remains the same, but it's certainly doesn't help clarity as far as when things get done and what the budget in the next year or two looks like.</p>\n<p><b>Sciple:</b> Yeah, it's an interesting history that rhymes a little bit, there was the Vietnam evacuation that was centered around Russia and some of the things going on there, and now we have this great power focus. Whenever I hear great power, I just translate that to Cold War in my brain, that's essentially the 21st century version of that, that's where we're headed.</p>\n<p><b>Whiteman:</b> I think we are and unfortunately, it's probably bullish for defense stocks over time because that does involve alot of again, this&nbsp; R&amp;D spending on advanced stuff. It's a very different profile than fighting insurgence, the low level war, but until the world gets safer.</p>\n<p><b>Sciple:</b> Hopefully, that can happen, Lou, any last thoughts here on the defense universe before we send us all home?</p>\n<p><b>Whiteman:</b> It's been a weird couple of years. We had the election last year and concerns about that, that I think we're overblown and now fresh chaos. This remains for me a sector that if you are very long-term and especially if you want dividends because you have a lot of approaching 3% dividend yields. I think it's still a safe place to go, but it is a long-term investment and you do, and there's tons of noise you have to block out, bullish and bearish.</p>\n<p><b>Sciple:</b> Lou, always love having you on the show, can't wait to have you back on again soon.</p>\n<p><b>Whiteman:</b> Pleasure to be here, Nick.</p>\n<p><b>Sciple:</b> As always, people on the program may own companies discussed on the show and The Motley Fool may have formal recommendations for or against the stocks discussed, so don't buy or sell anything based on what you hear. Thanks to Tim Sparks for mixing the show. For Lou Whiteman, I'm Nick Sciple, thanks for listening and Fool on.</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>Exploring the Mysteries of Palantir Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nExploring the Mysteries of Palantir Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 21:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/30/exploring-the-mysteries-of-palantir-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In this episode of Industry Focus: Energy, host Nick Sciple is joined by Lou Whiteman to take a look at Palantir Technologies (NYSE:PLTR) earnings and its gold purchase. Plus, the two discuss the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/30/exploring-the-mysteries-of-palantir-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://www.fool.com/investing/2021/08/30/exploring-the-mysteries-of-palantir-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163889073","content_text":"In this episode of Industry Focus: Energy, host Nick Sciple is joined by Lou Whiteman to take a look at Palantir Technologies (NYSE:PLTR) earnings and its gold purchase. Plus, the two discuss the Afghanistan recent news and how it will impact the defense industry.\nTo catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.\nThis video was recorded on Aug. 19, 2021.\nNick Sciple: Welcome to Industry Focus, I am Nick Sciple. This week, I'm excited to welcome Lou Whiteman back on the show to take a look at Palantir's recent earnings. Lou, how's it going?\nLou Whiteman: Going well, good to see you, Nick.\nSciple: Great to have you here back on the show. We've talked about Palantir here in the past, I think this is the first show we're doing focusing specifically on this company. I had John a couple of weeks ago, we talked about the entertainment that we can get from Tesla earnings calls. There are some back-end relationships between Palantir, whose chairman is Peter Thiel, and then the Tesla CEO and former chairman, Elon Musk. What did you make of this earnings call, man? Palantir is a unique company.\nWhiteman: They are. You know what? They own that, which I respect. It was a fun earnings call they did for people who didn't listen in. They have people submit questions, there's no live back-and-forth with analysts. It's brilliant because it really gives them a chance to communicate as they wish, and maybe not what they wish, but it makes for a really fun call. Issues or questions as simple as what's Palantir, what does Palantir do, which was one that you pulled out that I thought was great.\nSciple: Yeah. They take this out of the Tesla playbook, where they take submissions from investors online. At least for the first part of the call, I would say most of the call, the Q&A portion is spent answering those questions, having the IRR executives read that out.\nOne of the things that we struggled with here, Lou, is trying to figure out, what exactly does Palantir do? We had a whole episode where we talked about these highly classified businesses. Sometimes, everything is behind the wall. It's hard to figure out what's going on and what exactly the nature of these programs are.\nIt seems like some analysts are having the same problem, because there was a question we got on the earnings call. It says, \"Are there plans for the company to increase its PR presence to increase awareness of its business model, which may lead to increased utilization of Palantir's various software platforms?\"\nWe got an answer from the chief operating officer, Shyam Sankar. I don't think it was super satisfying for those who were trying to figure out what the business is all about. They say: \"I can't really tell you why some people don't know or understand what we do. I can tell you about the people who do know though. It's the special operator who chased down a car to give him a hug. It's the civil servants who work tirelessly to deliver vaccines in the U.S. and the U.K. It's the French government as they raced to prevent bombs from exploding on the eve of Macron's election. It's the German police who caught the suicide bombers in time, the supply chain operators of the World Food Program, tackling COVID, escalating impact of global property and hunger, the factory workers on the assembly lines from Toulouse to Detroit.\" That's an answer. It's not really an exact answer. What is your understanding of what Palantir does, and where they fit in other than being like sneaky spy software people?\nWhiteman: The big picture is this is a data analytics company. They bring order to data, and they do it with AI. They do it with a human intelligence. Humans are better at sorting through data than machines, but they do it with the speed and just the total volume of a machine. It's that human-level intelligence at the volume of machines that allows them to do amazing things. Most notably, they've helped the Pentagon find Osama Bin Laden, helped figure out that Bernie Madoff wasn't on the up and up. It is a special sauce. It's AI that helps sort through mountains and mountains of data and find things that both a human on his or her own or a lesser AI is going to miss. That in a nutshell is what they do. But it's complicated.\nSciple: It's complicated. You describe their culture as an artist colony. Very pretty eccentric you would say. Maybe it fits the Peter Thiel ethos. He has his book, Zero to One, I think it's one of the best investing books out there. But it talks about how you have to be different to achieve something different. They are certainly being very different from other folks, certainly, in the government services industry, maybe other companies, in general. When we look at the numbers from the earnings report, what the company is giving us as far as performance of the business. What stood out to you from earnings?\nWhiteman: This is starting on a very high level. It was a very good quarter this recent quarter. We should note, they only went public late last year. It's an 18-year-old company, but it's relatively new to the public markets. Anyway, they earned $0.04 per share on revenue of $375 million. That easily topped estimates on revenue, $353 million was the estimate. It was a penny ahead on analyst expectations. Revenue was up an eye-popping 49% year-over-year. Adjusted operating margin topped 30% for the third straight quarter.  This is a good solid business. We'll talk about that later. But I think the heart of the question of what Palantir does, why don't analysts get it, is there is a market disconnect right now going on with the strength of the business versus the strength of the stock. It's hard to get by. But look, they are forecasting great things. They had a 3-to-1 book to bill ratio, which means they're bringing in almost three times the business they're billing out. Fantastic. They had 20 customers in the quarter. Many of those, to be honest, didn't view this a bit of an asterisk there, but that is growth, and commercial side growth as we'll talk about soon, is key to the bull case here. Most impressive, they don't really give guidance, but they said with confidence, 30% annual revenue growth for each of the next five years. We're talking about growing the business from just over $1 billion, analyzing run-rate to a $3.5-4 billion company in a matter of five years, 2026. As an investor, you got to like that. They are definitely going in the right direction.\nSciple: Big question for me, and you may or may not have deep thoughts on this Lou. But just why now? You mentioned this is a company that's been around for a number of years. They were involved in the Osama Bin Laden capture a number of years ago. This company has been around for a while. Now, we're seeing this incredible growth, forecasting lots of growth into the future. What is your perception of the quarter they've turned here, or why now?\nWhiteman: This is perception because as we discussed from the top, this isn't a company that really likes to spell out all of its thoughts out to the markets. They only went public last year. That coincided with a real push on the commercial side. They've mostly been a government contractor. I think what we're seeing here is part of their evolution into, hopefully, a more diversified contractor serving both government and commercial customers, to justify a strong public listing. They've been around for 18 years and they are only now a $1 billion company, mostly in defense. That's going to trade at a different valuation than a company that can really attack the commercial market. We can get into that in a second as far as where they are in that. But I think that this, the PR push, the going public, the commercial, this is all about turning from a niche government contractor to a more-mainstream data analytics company.\nSciple: It's that leap, maybe if you think about it. There's a couple of examples of autonomy. We had the DARPA program that was about autonomous vehicles, and now you have lots of companies trying to launch that in a commercial sense. If you look at iRobot, that makes the robot vacuums, the early history of that company was they were a robotic minesweeper. Obviously, you don't want people to be going around, walking through the minefield tracking for mines. That was the early development of that technology. Maybe this is another example of technology developed in the test tube of the military that now you can open up the floodgates and unleash it out onto the commercial world. One thing you mentioned about, Lou, some of the growth in revenue we're seeing. I think they said there's only 1% of their growth and revenue. But a huge chunk of their total contract volume is coming from these smaller companies, they call them \"Day Zero\" companies, that they are investing in. What can you tell us about what they're doing here? Obviously, there's some risk.\nWhiteman: They are investing partially through the SPACs. They are investing in companies that they see promise in, and they are also finding customers that way. You can't do it forever, but it's hard to knock the strategy. Let's talk about it a little because I think this gets back to that initial, what is Palantir, and the question was, why don't analysts get it? Which is an interesting thing to say. This is a company, as we said, most of their history has been on the defense side. Right now, it's almost a $50 billion market cap on a $1 billion run rate of sales, so a quite rich price-to-sales on today. Even if you go forward with that 30% growth over five years, we're still talking about 12 to 15 times projected 2026 sales. Honestly, defense contractors mostly are less than two times sales. It's just out of this world for defense. This is part of this process where they need to become a commercial company. While they're making progress here, and like the Day Zero companies, they are being innovative in how they're going to do it. There was nothing in this quarter to suggest that the profile of this company is going to change anytime soon. Government with 61% of total revenue in the quarter, and it is growing faster. Government grew by about 66%, commercial grew about 28%.\nBy comparison, it's hard to get a perfect comparison, but Snowflake, which is a commercial company, similar size revenue, grew revenue by 110%. It is not growing as fast as Snowflake on the commercial side. If the government is a bigger part of the pie, and it's the side that's growing faster, it is really hard quickly to transition yourself into a commercial vendor. I think a lot of the angst in that question was, why don't analysts get the commercial? I think that's the better answer to that question right now, is that commercial is still the area of promise, but not the area that is the bulk of the business. These Day Zero companies initiatives like that, they've partnered with IBM to try and sell the software, which will cut margins which should hopefully help with growth. These are ways where they are trying to transform themselves into a more commercial minded company that arguably could justify a higher valuation long term.\nSciple: They talked about hiring a significant number of sales staff. Obviously, going out to sell to a different, more varied group of customers. I will say, for any company, we're having a venture capital arm of our business that's spinning up customers for us. I will say though, it makes you feel a little bit better when you have Peter Thiel, one of the best venture capitalists ever, as the chairman of the board. If there's anybody that's going to pick winners and have a pretty high hit rate there, I think he's one of them. We'll have to see.\nWhiteman: They have the cash. I don't think there is a downside, but I also don't think that  this solves there. It looked really good on the customer acquisition numbers. It's not going to drive revenue and really transform the business, just the nature of these customers.\nSciple: Yeah. Really questions about how quickly they can continue to grow this commercial side, how these bets on smaller companies work out. You mentioned the cash pile, Lou, and that's the other thing that's grabbing headlines here is how they're spending that cash pile. The company purchased $50 million in 100-ounce gold bars, they said in their Aug. 12 earnings statement. They said the purchase will be kept in a secure third-party facility located in the Northeastern United States and the company will be able to take possession of the gold bars at any time with reasonable notice. They've talked about this being insurance against a black swan event. Palantir is the eye in the sky that's helping support the operations of people like the CIA and the NSA. What do you make of this group in particular, buying $50 million in gold bars?\nWhiteman: That is certainly the headline, this so-called Skynet, the company that has the AI capable of predicting the future, is buying gold. You know, that's something. I don't know what to make of it. I think it's a great way to get publicity. I can't imagine a lot of at least the U.S. government or large corporate customers saying we want to pay in gold. It feels more like a publicity thing, maybe a foreign government sales, it may come in handy. But yeah, it definitely catches the eye, maybe they know something we don't. But I have a hard time changing my view of the business based on the fact that they bought gold. It's just a really fun thing to watch to see exactly what they have planned.\nSciple: Yeah. For me, it's a couple of things. For me, partially, it's a $50 million marketing expense line item, you can think of it that way because me and you are talking about it, CNBC is talking about it, they're writing it up on Bloomberg, all these other places. I don't know if you could get that level of coverage across the world in the financial media with just a $50 million ad buy. You certainly have an asset left on the back end here with the gold purchase that you wouldn't have had if you just went in and spent it on ads, there's that. Do you think it's realistic, because they talked about customers having the ability to pay with cryptocurrency but nobody has paid, they are encouraging customers to pay with gold. But the people who had realistically wanted to have untraceable payments are the people that Palantir had said they will not service. There's potentially hostile groups and groups that would want to cover up their operations. I don't think that the U.S. Government wants to cover up that they are a customer of Palantir.\nWhiteman: No. I mean, hopefully not. There was a high-profile customer we won't name who was a customer, but it turned out that they we're using the software to spy on employees and not make better lending decisions. But that was a few years ago in the past. Yeah, no, I mean, it's funny not to be too tongue-in-cheek, but it's hard to imagine a big customer actually piling gold into a truck and driving at the Palantir headquarters, so probably what you would have is some paper that represents an amount of gold, which used to be the U.S. dollar, so maybe they're just trying to get us back to the gold standard. But I tend to think you're right, that's $50 million of publicity that they also have an asset in the bank on. We'll see what else they do with that. I'd be surprised if it's much.\nSciple: Yeah, I choose to take the publicity angle on this because if you take that they're predicting World War III angle here, I don't want to predict that future, so I'm going to choose the publicity angle. Lou, you mentioned earlier, when you look at Palantir, they're tough to put a thumb on, and in some perspectives, you want to going to put it in the bucket of government services contractors, and others you want to put it in this bucket with your Amazons, and your Snowflakes, and your Microsoft as this transformational Cloud software business. About a year ago, we did a defense stocks basket, which was some of these traditional companies. When you look at how Palantir has traded compared to some of those other companies, what are your thoughts on where Palantir fits in the bucket and there's different strategies for investors to get into these trends?\nWhiteman: Not to dump the question, but this is really hard because I think business is fantastic. There is, in my mind, though, a disconnect between the business and the stock. It's hard to know how long that goes on or how quickly they grow out of it. One thing I do believe is that if they cannot get the commercial up and running the way they hope to, the valuation is not sustainable over time. Governments have cost-plus contracts. There is only so much business. If you talked to Pentagon people about Palantir, they both loved the company, they love the software when it's needed. But that when it is needed is important because it is expensive, it is cumbersome, it is a huge install, and frankly, it's best used not universally but when it's needed. I do think there are limits on the government's side, and I think the commercial side, they couldn't run into some of those same things.\nLast December, I actually put together a separate basket that was instead of Palantir, to buy these three defense IT firms. I was thinking five years, for the record, so far, I have not been right. My basket has losing to Palantir for less than 1% on average. If you throw in dividends, total return, I think I'm up, but whatever, we're very early in a five-year process. But the thing that struck me when I was looking at that this morning is just that Palantir, for all of its volatility, has basically gone nowhere in a long time. Now, it has been so long, it's been at various points in time this year, it's been up 60% for the year. It was down as much as 25%, wild swings. But for the year, it is actually losing to the S&P 500 by almost 9 percentage points. Basically, if you take out all that noise, it's a flat line. I wonder, this company, these products, they're too good for it just to fall off a cliff. It's hard to imagine the catalyst where it just crashes, it's done. But it's also hard to see that catalyst to get a jump higher. I think one or two things are going to happen. Either they're going to surprise me with the way they can grow the commercial, and I think honestly, probably surprise themselves because I think it's going to be much more than that 30% if they really see the stock take off, or this could just be a flat stock for a while while it slowly grows into its valuation.\nLooking at what it's done last year, I think the good news is that's not the worst downside. Really, it's hard to imagine this company just ceasing to exist. But I do question whether it can be a market-leading investment given its current valuation and the growth that's baked in, and the challenges that might find growth quickly. It really surprised me, its performance versus the S&P 500 for the year. I wonder if that isn't telling of what we have, maybe not for the long, long term, but for the next few years, and the foreseeable future.\nSciple: Right. Certainly, some execution to live up to that valuation. Lou, you mentioned that basket. Just for completion's sake, what were the companies that were on that list of the three IT services firms?\nWhiteman: It was Booz Allen Hamilton, BAH, which to be honest, has been the real clunker for me, and then I believe it was SAIC, and Leidos Holdings, LDOS.\nSciple: Excellent. We've talked about those in the past so I'll try to drop some links to episodes where we've talked about some of those companies. Any last thoughts on Palantir before we move on our next topic?\nWhiteman: Again, I think just back to that original thing, why don't analysts understand? I think it's an open debate whether or not analysts understand it better than retail or if retail understands it better than analysts, because a lot of defense people like me are looking at it through that spectrum. We could be wrong and we could be missing it, but I think as an individual investor, you should at least be mindful that that could be what they are, too. As I said, the stock could readjust overtime.\nSciple: Is it Rule Breaker or is it a faker, we're going to find out sometime in these next quarters and years. The big thing we're going to be watching is how quickly they can grow that commercial business and sustain that growth overtime. We've talked about defense a lot today, Lou, in the context of Palantir. Maybe zooming out a little bit, the headline story everywhere is what's going on in Afghanistan, a really tragic scene. When you put what's going on there in the context of what it means for defense more broadly, do you have any high-level thoughts or context to give us?\nWhiteman: Yeah, as you say, it's so hard to watch, it's hard to really make it into a stock story, but these are stocks and they move on, I do think for big defense, it is mostly a distraction right now, I mean, it could be a distraction that causes some disruption. I'm pretty sure we're going to see hearings, I think it's going to distract Congress so we could see delays on the budget, that's less clarity than we hope. There could be some resignations, there could be some shuffling in the budget because of it, so I don't think the big picture really alters on this, but I do think it could cause choppiness up ahead. Part of leaving Afghanistan as part of a broader trend toward a shift and focus toward what causes great power competition, that's mostly China and Russia. In the worst-case scenario, I guess with Afghanistan, we're kind of sucked back in, and maybe that means more near-term spending on munitions versus great power R&D, which the companies would definitely prefer. The R&D, it's higher margin, more turnaround, but it's hard to imagine a world where we stopped focusing on Russia and China, and so I do think the R&D would be sustained. If anything, there was about $9 billion in the fiscal 2020 Pentagon budget to support the Afghan Army. That's presumably off the table, that does give some wiggle. That's not enough really to shift views on any one stock, but there is some wiggle room now. I think, long term, the thesis prior to this when all these companies remains the same, but it's certainly doesn't help clarity as far as when things get done and what the budget in the next year or two looks like.\nSciple: Yeah, it's an interesting history that rhymes a little bit, there was the Vietnam evacuation that was centered around Russia and some of the things going on there, and now we have this great power focus. Whenever I hear great power, I just translate that to Cold War in my brain, that's essentially the 21st century version of that, that's where we're headed.\nWhiteman: I think we are and unfortunately, it's probably bullish for defense stocks over time because that does involve alot of again, this  R&D spending on advanced stuff. It's a very different profile than fighting insurgence, the low level war, but until the world gets safer.\nSciple: Hopefully, that can happen, Lou, any last thoughts here on the defense universe before we send us all home?\nWhiteman: It's been a weird couple of years. We had the election last year and concerns about that, that I think we're overblown and now fresh chaos. This remains for me a sector that if you are very long-term and especially if you want dividends because you have a lot of approaching 3% dividend yields. I think it's still a safe place to go, but it is a long-term investment and you do, and there's tons of noise you have to block out, bullish and bearish.\nSciple: Lou, always love having you on the show, can't wait to have you back on again soon.\nWhiteman: Pleasure to be here, Nick.\nSciple: As always, people on the program may own companies discussed on the show and The Motley Fool may have formal recommendations for or against the stocks discussed, so don't buy or sell anything based on what you hear. Thanks to Tim Sparks for mixing the show. For Lou Whiteman, I'm Nick Sciple, thanks for listening and Fool on.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}