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2022-09-04

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7 Stocks to Buy Ahead of the Next Big Rate Hikes

2022-08-21

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No, There Is No New Short-Selling Champion in Tesla Stock

2022-08-14

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Meme-Stock Investors Are Back! Sort Of, Anyway

2022-08-14

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Inflation Surge Cools in July. Should You Still Play Defense with Your Portfolio?

2022-08-12

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Pre-Bell｜Dow Futures Jumped 110 Points; This Cloud Platform Crashed Over 33%

2022-08-07

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2022-08-07

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Weekend Stock Spotlight: PayPal, General Electric, Ford And How Ethereum Miners Are Fighting The Merge

2022-08-01

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Apple: Why Bears Should Give In And Own This Stock

2022-08-01

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Individual Investors Ramp Up Bets on Tech Stocks

2022-07-18

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3 Dangerous Dow Stocks to Sell Now

2022-07-18

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Alibaba: A Qualitative Breakdown Of $500 Billion In Disappeared Market Cap

2022-07-15

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Dow Pops 400 Points As Wall Street Digests Fresh Batch of Bank Earnings, Strong Retail Sales

2022-07-11

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Tesla: The Last Bubble Standing

2022-07-08

Dip drop ?

Microsoft Dips As Piper Sandler Cuts Estimates

2022-06-08

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滴滴、阿里巴巴持续拉升，盘中均涨超10%

2022-06-02

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Fed Vice Chair Lael Brainard Says It’s Hard to See the Case for the Fed Pausing Rate Hikes

2022-06-01

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Buick Says It Will “Fully Electrify” North American Lineup by 2030

2022-05-26

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4 Widely Held Stocks Billionaires Dumped in the First Quarter

2022-05-20

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Amazon Cut From Focus List at Citi, but Still a Top Pick

2022-05-20

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Pre-Bell｜Nasdaq and S&P 500 Futures Rebounded Over 1%; Ross Stores Slumped Nearly 30%

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10:30","market":"us","language":"en","title":"7 Stocks to Buy Ahead of the Next Big Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1144536848","media":"InvestorPlace","summary":"These stocks should weather the storm if rates continue rising.Albemarle(ALB): Raised its 2022 guida","content":"<html><head></head><body><ul><li>These stocks should weather the storm if rates continue rising.</li><li><b>Albemarle</b>(<b><u>ALB</u></b>): Raised its 2022 guidance for the third time, driven by significant pricing increases from renegotiated lithium contracts.</li><li><b>Bank of America</b> (<b><u>BAC</u></b>): Q2 net interest income jumped 22% year-over-year to $12.4 billion.</li><li><b>Charles Schwab</b> (<b><u>SCHW</u></b>): Added 1 million new accounts during the second quarter.</li><li><b>CME</b>(<b>CME</b>): The derivatives exchange is expected to benefit from rising interest rates due to increased hedging against market volatility.</li><li><b>Equinix</b>(<b><u>EQIX</u></b>): The data center REIT reported record bookings, fueled by strong capacity demand.</li><li><b>Marathon Petroleum</b> (<b><u>MPC</u></b>): Operating income from the Refining &amp; Marketing segment skyrocketed to $7.1 billion.</li><li><b>T-Mobile</b> (<b><u>TMUS</u></b>): Postpaid subscriber additions in Q2 surpassed the combined subscriber additions of its rivals in the 5G space.</li></ul><p>Wall Street is searching for solid stocks to buy that could shield long-term portfolios from market volatility ahead of the anticipated interest rate hikes.</p><p>While inflation may have peaked in July, it remains well above the Federal Reserve’s (Fed) 2% target. So far in 2022, the central bank has already raised its overnight lending rate by 2.25%.</p><p>Investors will most likely see further interest rate hikes through the rest of the year in the Fed’s bid to bring down inflation.</p><p>Chairman Jerome Powell recently remarked that the Fed aims to utilize its policymaking “tools forcefully to bring demand and supply into better balance.” Thus, the Fed is committed to a more contractionary monetary policy in the months ahead.</p><p>Meanwhile, August ended on a down note, reversing some of the gains seen earlier in the summer. As a result, the benchmark <b>S&amp;P 500</b> index is currently down 17% year-to-date (YTD), compared with the nearly 25% decline in the <b>Nasdaq 100</b> index.</p><p>Against this backdrop, it’s no surprise that investors are increasingly focused on stable stocks to buy in sectors that may outperform the broader market. Among them are the financial, communication services, healthcare and utilities sectors.</p><p>With that information, here are the seven stocks to buy that have significant potential to benefit from rising interest rates.</p><p><b>Albemarle (ALB)</b></p><p>52-week range: $169.93 – $298.17</p><p><b>Albemarle</b>(NYSE:<b>ALB</b>) is the largest lithium producer worldwide, relying on its salt brine deposits in Chile and the U.S., as well as from its joint venture mines in Australia.</p><p>The company is also a global leader in bromine production, used widely in flame retardants.</p><p>The lithium giant released Q2 results on Aug. 3. Revenue soared 91% year over year (YOY) to $1.48 billion. Adjusted earnings per share skyrocketed to $3.45 per diluted share, up 288% from 89 cents in the prior-year quarter. Cash and equivalents ended the quarter at $930.6 million.</p><p>The lithium segment continues to benefit from growth in the electric vehicle (EV) space. This segment achieved 178% year-over-year revenue growth, driven by a significant increase in pricing from renegotiated lithium contracts.</p><p>Meanwhile, the Inflation Reduction Act that specifically addresses EV batteries and energy storage should also offer further tailwinds for long-term growth.</p><p>Meanwhile, management raised its 2022 guidance for the third time. It now projects revenue to grow by at least 110% to a range of $7.1 billion to $7.5 billion.</p><p>ALB stock is up almost 15% YTD. Shares are trading at 14.2 times forward earnings and 7.7 times sales.</p><p>Analysts’ 12-month median price forecast for Albemarle stock stands at $300. Investors could regard dips in ALB stock as an opportunity to enter the lithium leader.</p><p><b>Bank of America (BAC)</b></p><p>52-week range: $29.67 – $50.11</p><p><b>Bank of America</b> (NYSE:<b><u>BAC</u></b>) is the second-largest bank in the U.S., with more than $2 trillion in assets. It offers consumer banking, wealth management, investment management and global banking services.</p><p>The bank announced Q2 financials on Jul. 18. Revenue increased 6% year over year to $22.7 billion. Diluted earnings came in at 73 cents per diluted share, down 29% from $1.03 in the prior-year quarter.</p><p>The financial giant is extremely sensitive to changes in interest rates. For instance, in Q2, net interest income soared 22% year over year to $12.4 billion.</p><p>The bank revealed that another 1% increase in interest rates would cause net interest income to jump by roughly $5 billion over the next 12 months.</p><p>Meanwhile, average loan and lease balances jumped 12% year over year to $1 trillion. The bank boasts a significant commercial loan base with floating-rate loans. Management anticipates an additional $1 billion net interest income in the third quarter.</p><p>So far in 2022, BAC stock is down 24.5%, making it one of the best banking stocks to buy on the dip.</p><p>It currently generates a 2.6% dividend yield. Shares look like a great value at 10.7 times forward earnings and 1.1 times book value. The 12-month median price forecast for BAC stock stands at $42.</p><p><b>Charles Schwab (SCHW)</b></p><p>52-week range: $59.35 – $96.24</p><p><b>Charles Schwab</b> (NYSE:<b><u>SCHW</u></b>) is the largest brokerage firm in the U.S. It offers securities brokerage, asset management, and banking services. Client assets exceeded $8 trillion at the end of 2021.</p><p>The brokerage name released Q2 results on Jul. 18. Revenue soared 13% year over year to $5.1 billion, driven primarily by a 31% increase in net interest income. Adjusted earnings per share came in at 97 cents, up 39% from 70 cents a year ago.</p><p>The company added 1 million new accounts during the quarter. It currently has roughly 34 million active accounts, representing 5% year-over-year growth.</p><p>Given its banking business with over $400 billion of deposits, Schwab is expected to deliver substantial earnings growth driven by rising interest rates. Interest rate-related revenue currently accounts for more than 50% of net revenue.</p><p>SCHW stock is down almost 16% year to date, making it among the better stocks to buy on the dip. It supports a 1.2% dividend yield at the current price level. Shares trade at18.4 times forward earnings and 4 times book value. Wall Street’s 12-month median price forecast for Charles Schwab stock stands at$86.5.</p><p><b>CME Group (CME)</b></p><p>52-week range: $183.15 – $256.94</p><p><b>CME Group</b>(NASDAQ:<b>CME</b>) is the largest derivatives exchange in the U.S. It operates the <b>Chicago Board of Trade</b>, the <b>Chicago Mercantile Exchange</b> and the <b>New York Mercantile Exchange</b>.</p><p>The exchange reportedQ2 results in late July. The company reported revenue of $1.24 billion, compared to $1.18 billion a year ago. Adjusted net income increased to $1.97 per diluted share, up from $1.64 in the prior-year quarter. Cash and equivalents ended the quarter at $1.9 billion.</p><p>The derivatives exchange is well-known for its interest rate products. These instruments allow investors to lock in borrowing costs to hedge the interest rates on assets and liabilities.</p><p>Rising interest rates imply that more and more investors will be interested in hedging various risks and looking for stock to buy that accomplish that.</p><p>Meanwhile, CME pays a quarterly dividend plus a variable dividend at the end of the year based on the company’s earnings. The current dividend yield stands at 2%.</p><p>CME stock is down more than 14% year to date. Shares are trading at 24.9 times forward earnings and 2.5 times book value.</p><p>The 12-month median price forecast for CME stock stands at $216.</p><p><b>Equinix(EQIX)</b></p><p>52-week range: $606.12 – $885.26</p><p><b>Equinix</b> (NASDAQ:<b><u>EQIX</u></b>) is one of the largest data center real estate investment trusts (REITs) worldwide.</p><p>It specializes in digital infrastructure and global interconnection services and serves a diversified base of global enterprises in 31 countries.</p><p>The data center giant issued Q2 metrics on Jul. 27. Revenue increased 10% year over year to $1.8 billion, marking the REIT’s 78th consecutive quarter of revenue growth.</p><p>Adjusted funds from operations (“AFFO”) stood at $7.58 per share, a 6% increase over the previous quarter. Cash and equivalents ended the period at $1.9 billion.</p><p>Equinix enjoyed record bookings, driven by robust capacity demand. Strong bookings are expected to add an incremental $62 million to full-year revenue numbers.</p><p>Meanwhile, Equinix continues to expand its global platform, with close to 50 major ongoing projects in 21 countries. In 2022, management anticipates roughly 9% – 10% revenue growth along with 8% – 9% AFFO growth, making it one of the fast-growing stocks to buy for the future.</p><p>The market selloff in growth stocks has pulled EQIX stock down 22% year to date, and the dividend yield currently stands at 1.9%. The 12-month median price forecast for Equinix stock is $805. Such a move would mean an upside of over 23%.</p><p><b>Marathon Petroleum</b> <b>(MPC)</b></p><p>52-week range: $56.08 – $114.35</p><p><b>Marathon Petroleum</b> (NYSE:<b><u>MPC</u></b>) refines, produces, transports, and sells petroleum products. The company ranks as the third-largest crude oil refining company stateside, boasting total throughput of 3.1 million barrels per day.</p><p>The oil refiner announced Q2 financials on Aug. 2. Revenue jumped 82% year over year to $54.2 billion. Adjusted net income skyrocketed to $10.61 per diluted share, up from 67 cents a year ago. Cash, equivalents, and short-term investments ended the quarter at $13.3 billion.</p><p>The refiner continues to benefit from increased fuel prices, making it one of the more intriguing energy stocks to buy now.</p><p>The Refining &amp; Marketing segment delivered an operating income of $7.1 billion, up from $224 million in the prior-year quarter. The impressive increase reflects higher margins and throughput.</p><p>The company repurchased shares worth $4.1 billion through the quarter. Meanwhile, management recently announced a new $5 billion repurchase program with no expiration date.</p><p>MPC stock is up more than 57% YTD. Shares are trading at 5.4 times forward earnings and 0.4 times sales. The 12-month median price forecast for Marathon Petroleum stands at $120.</p><p><b>T-Mobile US (TMUS)</b></p><p>52-week range: $101.51 – $148.04</p><p><b>T-Mobile</b> (NASDAQ:<b><u>TMUS</u></b>), the leading B2C wireless communications service provider, offers services via its flagship brands, T-Mobile, Metro by T-Mobile, and Sprint. In terms of wireless subscriptions, it holds third place in the U.S.</p><p>The wireless service provider announced Q2 results in late July. Revenue grew 6% year over year to $15.3 billion.</p><p>T-Mobile reported a $108 million net loss due to merger-related costs and other special expense items amounting to $1.9 billion.</p><p>Net loss per diluted share stood at 9 cents, compared to diluted earnings per share of 78 cents a year ago. Free cash flow grew 5% year over year to $1.8 billion.</p><p>In recent years, T-Mobile has achieved industry-leading growth in postpaid and broadband customers, becoming a clear leader in 5G coverage.</p><p>T-Mobile added 1.7 million postpaid customers during the quarter, including 723,000 postpaid phone customers. Postpaid subscriber additions surpassed <b>Verizon</b> (NYSE:<b>VZ</b>) and <b>AT&amp;T</b>‘s (NYSE:<b>T</b>) additions combined.</p><p>Meanwhile, T-Mobile’s 5G wireless broadband offering added 560,000 net new customers, ending the quarter with over 1.5 million home internet subscribers.</p><p>Management anticipates adding between 6 million and 6.3 million postpaid net customers in 2022, up from a previous forecast for 5.3 million to 5.8 million subscriber additions.</p><p>TMUS stock is up 24% year to date, making it one of the telecom stocks to buy now. Shares are changing hands at 59 forward earnings and 2.3 times sales. Finally, the 12-month median price forecast for T-Mobile stock stands at$169.</p></body></html>","source":"investorplace","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>7 Stocks to Buy Ahead of the Next Big Rate Hikes</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\">\n7 Stocks to Buy Ahead of the Next Big Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-04 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/09/7-stocks-to-buy-ahead-of-the-next-big-rate-hikes/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These stocks should weather the storm if rates continue rising.Albemarle(ALB): Raised its 2022 guidance for the third time, driven by significant pricing increases from renegotiated lithium contracts....</p>\n\n<a href=\"https://investorplace.com/2022/09/7-stocks-to-buy-ahead-of-the-next-big-rate-hikes/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MPC":"马拉松原油","TMUS":"T-Mobile US Inc","BAC":"美国银行","ALB":"美国雅保","EQIX":"易昆尼克斯","CME":"芝加哥商品交易所","SCHW":"嘉信理财"},"source_url":"https://investorplace.com/2022/09/7-stocks-to-buy-ahead-of-the-next-big-rate-hikes/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144536848","content_text":"These stocks should weather the storm if rates continue rising.Albemarle(ALB): Raised its 2022 guidance for the third time, driven by significant pricing increases from renegotiated lithium contracts.Bank of America (BAC): Q2 net interest income jumped 22% year-over-year to $12.4 billion.Charles Schwab (SCHW): Added 1 million new accounts during the second quarter.CME(CME): The derivatives exchange is expected to benefit from rising interest rates due to increased hedging against market volatility.Equinix(EQIX): The data center REIT reported record bookings, fueled by strong capacity demand.Marathon Petroleum (MPC): Operating income from the Refining & Marketing segment skyrocketed to $7.1 billion.T-Mobile (TMUS): Postpaid subscriber additions in Q2 surpassed the combined subscriber additions of its rivals in the 5G space.Wall Street is searching for solid stocks to buy that could shield long-term portfolios from market volatility ahead of the anticipated interest rate hikes.While inflation may have peaked in July, it remains well above the Federal Reserve’s (Fed) 2% target. So far in 2022, the central bank has already raised its overnight lending rate by 2.25%.Investors will most likely see further interest rate hikes through the rest of the year in the Fed’s bid to bring down inflation.Chairman Jerome Powell recently remarked that the Fed aims to utilize its policymaking “tools forcefully to bring demand and supply into better balance.” Thus, the Fed is committed to a more contractionary monetary policy in the months ahead.Meanwhile, August ended on a down note, reversing some of the gains seen earlier in the summer. As a result, the benchmark S&P 500 index is currently down 17% year-to-date (YTD), compared with the nearly 25% decline in the Nasdaq 100 index.Against this backdrop, it’s no surprise that investors are increasingly focused on stable stocks to buy in sectors that may outperform the broader market. Among them are the financial, communication services, healthcare and utilities sectors.With that information, here are the seven stocks to buy that have significant potential to benefit from rising interest rates.Albemarle (ALB)52-week range: $169.93 – $298.17Albemarle(NYSE:ALB) is the largest lithium producer worldwide, relying on its salt brine deposits in Chile and the U.S., as well as from its joint venture mines in Australia.The company is also a global leader in bromine production, used widely in flame retardants.The lithium giant released Q2 results on Aug. 3. Revenue soared 91% year over year (YOY) to $1.48 billion. Adjusted earnings per share skyrocketed to $3.45 per diluted share, up 288% from 89 cents in the prior-year quarter. Cash and equivalents ended the quarter at $930.6 million.The lithium segment continues to benefit from growth in the electric vehicle (EV) space. This segment achieved 178% year-over-year revenue growth, driven by a significant increase in pricing from renegotiated lithium contracts.Meanwhile, the Inflation Reduction Act that specifically addresses EV batteries and energy storage should also offer further tailwinds for long-term growth.Meanwhile, management raised its 2022 guidance for the third time. It now projects revenue to grow by at least 110% to a range of $7.1 billion to $7.5 billion.ALB stock is up almost 15% YTD. Shares are trading at 14.2 times forward earnings and 7.7 times sales.Analysts’ 12-month median price forecast for Albemarle stock stands at $300. Investors could regard dips in ALB stock as an opportunity to enter the lithium leader.Bank of America (BAC)52-week range: $29.67 – $50.11Bank of America (NYSE:BAC) is the second-largest bank in the U.S., with more than $2 trillion in assets. It offers consumer banking, wealth management, investment management and global banking services.The bank announced Q2 financials on Jul. 18. Revenue increased 6% year over year to $22.7 billion. Diluted earnings came in at 73 cents per diluted share, down 29% from $1.03 in the prior-year quarter.The financial giant is extremely sensitive to changes in interest rates. For instance, in Q2, net interest income soared 22% year over year to $12.4 billion.The bank revealed that another 1% increase in interest rates would cause net interest income to jump by roughly $5 billion over the next 12 months.Meanwhile, average loan and lease balances jumped 12% year over year to $1 trillion. The bank boasts a significant commercial loan base with floating-rate loans. Management anticipates an additional $1 billion net interest income in the third quarter.So far in 2022, BAC stock is down 24.5%, making it one of the best banking stocks to buy on the dip.It currently generates a 2.6% dividend yield. Shares look like a great value at 10.7 times forward earnings and 1.1 times book value. The 12-month median price forecast for BAC stock stands at $42.Charles Schwab (SCHW)52-week range: $59.35 – $96.24Charles Schwab (NYSE:SCHW) is the largest brokerage firm in the U.S. It offers securities brokerage, asset management, and banking services. Client assets exceeded $8 trillion at the end of 2021.The brokerage name released Q2 results on Jul. 18. Revenue soared 13% year over year to $5.1 billion, driven primarily by a 31% increase in net interest income. Adjusted earnings per share came in at 97 cents, up 39% from 70 cents a year ago.The company added 1 million new accounts during the quarter. It currently has roughly 34 million active accounts, representing 5% year-over-year growth.Given its banking business with over $400 billion of deposits, Schwab is expected to deliver substantial earnings growth driven by rising interest rates. Interest rate-related revenue currently accounts for more than 50% of net revenue.SCHW stock is down almost 16% year to date, making it among the better stocks to buy on the dip. It supports a 1.2% dividend yield at the current price level. Shares trade at18.4 times forward earnings and 4 times book value. Wall Street’s 12-month median price forecast for Charles Schwab stock stands at$86.5.CME Group (CME)52-week range: $183.15 – $256.94CME Group(NASDAQ:CME) is the largest derivatives exchange in the U.S. It operates the Chicago Board of Trade, the Chicago Mercantile Exchange and the New York Mercantile Exchange.The exchange reportedQ2 results in late July. The company reported revenue of $1.24 billion, compared to $1.18 billion a year ago. Adjusted net income increased to $1.97 per diluted share, up from $1.64 in the prior-year quarter. Cash and equivalents ended the quarter at $1.9 billion.The derivatives exchange is well-known for its interest rate products. These instruments allow investors to lock in borrowing costs to hedge the interest rates on assets and liabilities.Rising interest rates imply that more and more investors will be interested in hedging various risks and looking for stock to buy that accomplish that.Meanwhile, CME pays a quarterly dividend plus a variable dividend at the end of the year based on the company’s earnings. The current dividend yield stands at 2%.CME stock is down more than 14% year to date. Shares are trading at 24.9 times forward earnings and 2.5 times book value.The 12-month median price forecast for CME stock stands at $216.Equinix(EQIX)52-week range: $606.12 – $885.26Equinix (NASDAQ:EQIX) is one of the largest data center real estate investment trusts (REITs) worldwide.It specializes in digital infrastructure and global interconnection services and serves a diversified base of global enterprises in 31 countries.The data center giant issued Q2 metrics on Jul. 27. Revenue increased 10% year over year to $1.8 billion, marking the REIT’s 78th consecutive quarter of revenue growth.Adjusted funds from operations (“AFFO”) stood at $7.58 per share, a 6% increase over the previous quarter. Cash and equivalents ended the period at $1.9 billion.Equinix enjoyed record bookings, driven by robust capacity demand. Strong bookings are expected to add an incremental $62 million to full-year revenue numbers.Meanwhile, Equinix continues to expand its global platform, with close to 50 major ongoing projects in 21 countries. In 2022, management anticipates roughly 9% – 10% revenue growth along with 8% – 9% AFFO growth, making it one of the fast-growing stocks to buy for the future.The market selloff in growth stocks has pulled EQIX stock down 22% year to date, and the dividend yield currently stands at 1.9%. The 12-month median price forecast for Equinix stock is $805. Such a move would mean an upside of over 23%.Marathon Petroleum (MPC)52-week range: $56.08 – $114.35Marathon Petroleum (NYSE:MPC) refines, produces, transports, and sells petroleum products. The company ranks as the third-largest crude oil refining company stateside, boasting total throughput of 3.1 million barrels per day.The oil refiner announced Q2 financials on Aug. 2. Revenue jumped 82% year over year to $54.2 billion. Adjusted net income skyrocketed to $10.61 per diluted share, up from 67 cents a year ago. Cash, equivalents, and short-term investments ended the quarter at $13.3 billion.The refiner continues to benefit from increased fuel prices, making it one of the more intriguing energy stocks to buy now.The Refining & Marketing segment delivered an operating income of $7.1 billion, up from $224 million in the prior-year quarter. The impressive increase reflects higher margins and throughput.The company repurchased shares worth $4.1 billion through the quarter. Meanwhile, management recently announced a new $5 billion repurchase program with no expiration date.MPC stock is up more than 57% YTD. Shares are trading at 5.4 times forward earnings and 0.4 times sales. The 12-month median price forecast for Marathon Petroleum stands at $120.T-Mobile US (TMUS)52-week range: $101.51 – $148.04T-Mobile (NASDAQ:TMUS), the leading B2C wireless communications service provider, offers services via its flagship brands, T-Mobile, Metro by T-Mobile, and Sprint. In terms of wireless subscriptions, it holds third place in the U.S.The wireless service provider announced Q2 results in late July. Revenue grew 6% year over year to $15.3 billion.T-Mobile reported a $108 million net loss due to merger-related costs and other special expense items amounting to $1.9 billion.Net loss per diluted share stood at 9 cents, compared to diluted earnings per share of 78 cents a year ago. Free cash flow grew 5% year over year to $1.8 billion.In recent years, T-Mobile has achieved industry-leading growth in postpaid and broadband customers, becoming a clear leader in 5G coverage.T-Mobile added 1.7 million postpaid customers during the quarter, including 723,000 postpaid phone customers. Postpaid subscriber additions surpassed Verizon (NYSE:VZ) and AT&T‘s (NYSE:T) additions combined.Meanwhile, T-Mobile’s 5G wireless broadband offering added 560,000 net new customers, ending the quarter with over 1.5 million home internet subscribers.Management anticipates adding between 6 million and 6.3 million postpaid net customers in 2022, up from a previous forecast for 5.3 million to 5.8 million subscriber additions.TMUS stock is up 24% year to date, making it one of the telecom stocks to buy now. Shares are changing hands at 59 forward earnings and 2.3 times sales. Finally, the 12-month median price forecast for T-Mobile stock stands at$169.","news_type":1},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9998448707,"gmtCreate":1661050792011,"gmtModify":1676536445143,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998448707","repostId":"2260785313","repostType":4,"repost":{"id":"2260785313","kind":"highlight","pubTimestamp":1661045446,"share":"https://ttm.financial/m/news/2260785313?lang=&edition=fundamental","pubTime":"2022-08-21 09:30","market":"us","language":"en","title":"No, There Is No New Short-Selling Champion in Tesla Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2260785313","media":"Barrons","summary":"There was a stir in the Tesla investing community when a regulator filing indicated that asset manag","content":"<html><head></head><body><p>There was a stir in the Tesla investing community when a regulator filing indicated that asset manager Deer Park Road made a seemingly huge bet against Tesla stock using put options. The stir is just a tempest in a teapot. There is no new short-selling champion for Tesla bears to hoist onto their shoulders.</p><p>A put option is, generally speaking, a bearish bet. It gives the holder the right to sell a stock at a fixed price in the future. Holders of put options do better the lower a stock price falls.</p><p>A quarterly regulatory filing indicated that Deer Park had amassed put-option contracts representing more than 4.8 million shares of Tesla (ticker: TSLA) stock. That much Tesla stock is worth roughly $4.3 billion at current prices. On the surface that looks like a massive bet.</p><p>But that isn&#39;t really the way options work. The price paid for an options contract depends on many factors including the strike price and time to contract expiration.</p><p>Consider Tesla put options that expire Friday Aug. 19, and give the holder the right to sell Tesla stock at about $800 a share are essentially trading for about one cent. Theoretically, amassing options contracts that reflect 4.8 million shares of Tesla could cost someone $48,000. That&#39;s a long way from $4.3 billion.</p><p>It wouldn&#39;t be a good idea, though. There isn&#39;t high probability that Tesla stock will drop about $100 in the final hour of trading Friday.</p><p>(There isn&#39;t much trading volume in those contracts. It&#39;s just an example.)</p><p>Deer Park Chief Investment Officer Scott Burg told Barron&#39;s the Tesla put-options position amounted to 0.1% of his portfolio. That isn&#39;t all that much, and indicates Deer Park probably paid the less than $1 per share represented the puts.</p><p>That isn&#39;t a lot for a stock worth about $900. That also means the put options were either expiring soon, or deeply out of the money, or both. Burg didn&#39;t get into contract specifics, but said the position was closed profitably. The tiny position is already gone.</p><p>Profits aren&#39;t hard to fathom. Tesla stock did fall, along with other technology shares, in the second quarter. Tesla stock dropped almost 38% from the end of March to the end of June while the Nasdaq Composite fell 22% over the same span.</p><p>Burg doesn&#39;t consider himself a big Tesla bear. He&#39;s says he is bearish on the overall economy and the consumer. He expects Tesla stock to struggle, but just like any other consumer discretionary stock this coming year.</p><p>The whole episode does illustrate an important lesson about options trading. There are many ways to use options in a portfolio.</p><p>Investors can buy options contracts far from current prices. They are cheap and only pay off if extreme events happen. They can also be used to bet on volatility. Options get more valuable as stock volatility rises and less valuable when volatility falls. Options can be used to hedge a portfolio, too.</p><p>What&#39;s more, bearish options bets can actually generate income for bullish investors. Take Tesla. It doesn&#39;t pay a dividend. If that irks some shareholders they can sell call options contracts. (Selling a call is similar to a put option. Both work out if the stock falls. It&#39;s a bearish bet.)</p><p>A Tesla holder selling a $900 call option that expires in September gets about $44. That&#39;s almost 5% the value of the Tesla stock. The risk with selling call options against stock held is that the stock could go up. If Tesla hit $1,000, that holder would have essentially sold some of his position for $900, missing out on the additional gain.</p><p>There are many other things pros do with options. People have careers trading options for brokerage firms and asset managers.</p><p>However, options don&#39;t indicate with certainty how someone feels about the stock that underlies the options contract.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>No, There Is No New Short-Selling Champion in Tesla 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\">\nNo, There Is No New Short-Selling Champion in Tesla Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-21 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-short-selling-51660942310?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There was a stir in the Tesla investing community when a regulator filing indicated that asset manager Deer Park Road made a seemingly huge bet against Tesla stock using put options. The stir is just ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-short-selling-51660942310?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-short-selling-51660942310?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260785313","content_text":"There was a stir in the Tesla investing community when a regulator filing indicated that asset manager Deer Park Road made a seemingly huge bet against Tesla stock using put options. The stir is just a tempest in a teapot. There is no new short-selling champion for Tesla bears to hoist onto their shoulders.A put option is, generally speaking, a bearish bet. It gives the holder the right to sell a stock at a fixed price in the future. Holders of put options do better the lower a stock price falls.A quarterly regulatory filing indicated that Deer Park had amassed put-option contracts representing more than 4.8 million shares of Tesla (ticker: TSLA) stock. That much Tesla stock is worth roughly $4.3 billion at current prices. On the surface that looks like a massive bet.But that isn't really the way options work. The price paid for an options contract depends on many factors including the strike price and time to contract expiration.Consider Tesla put options that expire Friday Aug. 19, and give the holder the right to sell Tesla stock at about $800 a share are essentially trading for about one cent. Theoretically, amassing options contracts that reflect 4.8 million shares of Tesla could cost someone $48,000. That's a long way from $4.3 billion.It wouldn't be a good idea, though. There isn't high probability that Tesla stock will drop about $100 in the final hour of trading Friday.(There isn't much trading volume in those contracts. It's just an example.)Deer Park Chief Investment Officer Scott Burg told Barron's the Tesla put-options position amounted to 0.1% of his portfolio. That isn't all that much, and indicates Deer Park probably paid the less than $1 per share represented the puts.That isn't a lot for a stock worth about $900. That also means the put options were either expiring soon, or deeply out of the money, or both. Burg didn't get into contract specifics, but said the position was closed profitably. The tiny position is already gone.Profits aren't hard to fathom. Tesla stock did fall, along with other technology shares, in the second quarter. Tesla stock dropped almost 38% from the end of March to the end of June while the Nasdaq Composite fell 22% over the same span.Burg doesn't consider himself a big Tesla bear. He's says he is bearish on the overall economy and the consumer. He expects Tesla stock to struggle, but just like any other consumer discretionary stock this coming year.The whole episode does illustrate an important lesson about options trading. There are many ways to use options in a portfolio.Investors can buy options contracts far from current prices. They are cheap and only pay off if extreme events happen. They can also be used to bet on volatility. Options get more valuable as stock volatility rises and less valuable when volatility falls. Options can be used to hedge a portfolio, too.What's more, bearish options bets can actually generate income for bullish investors. Take Tesla. It doesn't pay a dividend. If that irks some shareholders they can sell call options contracts. (Selling a call is similar to a put option. Both work out if the stock falls. It's a bearish bet.)A Tesla holder selling a $900 call option that expires in September gets about $44. That's almost 5% the value of the Tesla stock. The risk with selling call options against stock held is that the stock could go up. If Tesla hit $1,000, that holder would have essentially sold some of his position for $900, missing out on the additional gain.There are many other things pros do with options. People have careers trading options for brokerage firms and asset managers.However, options don't indicate with certainty how someone feels about the stock that underlies the options contract.","news_type":1},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999901384,"gmtCreate":1660445399250,"gmtModify":1676533471983,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999901384","repostId":"2259170836","repostType":4,"repost":{"id":"2259170836","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1660444338,"share":"https://ttm.financial/m/news/2259170836?lang=&edition=fundamental","pubTime":"2022-08-14 10:32","market":"us","language":"en","title":"Meme-Stock Investors Are Back! Sort Of, Anyway","url":"https://stock-news.laohu8.com/highlight/detail?id=2259170836","media":"Dow Jones","summary":"Individual investors have waded back into the stock market after laying low through the worst of thi","content":"<html><head></head><body><p>Individual investors have waded back into the stock market after laying low through the worst of this year&#39;s selloff. But don&#39;t call it a comeback yet.</p><p>So-called retail investors in the last two weeks have ramped up purchases of stocks and bullish call options, helping send meme stocks, such as Bed Bath &amp; Beyond Inc. and AMC Entertainment Holdings Inc., skyrocketing. So far in August, both stocks have logged gains of at least 68%, putting Bed Bath &amp; Beyond on pace for its best month in history.</p><p>The excitement hasn&#39;t been limited just to meme stocks. Earlier this month, small traders&#39; purchases of bullish call options jumped to the highest level since April. Comments have also recently spiked on Reddit&#39;s WallStreetBets forum, a popular online watering hole for amateur traders, according to TopStonks.</p><p>Individual investors have purchased an average of $1.35 billion a day of U.S. stocks and exchange-traded funds on a net basis so far this month, according to Vanda Research through Thursday. That puts their purchases on pace for their highest monthly average since January, the month when the recent bull market peaked.</p><p>The clamor is reminiscent of the speculative fervor that cascaded over markets in 2020 and 2021, when millions of Americans got hooked on trading stocks, options and cryptocurrencies. Stuck at home during the Covid-19 pandemic and flush with stimulus checks, newbie traders banded together on online forums, pushing up shares of favorite stocks. Some made small fortunes. Others lost big.</p><p>This month is different. For one thing, individual investors&#39; activity is still well off the record highs notched last year. Fears about decades-high inflation and a possible future recession continue to loom, confounding professionals and rookies alike on where the stock market might go from here.</p><p>Patricia Steiding, a 59-year-old office manager in California, has her future retirement on her mind, and she worries about inflation eating into her savings.</p><p>Ms. Steiding scooped up shares of meme stocks like AMC and <a href=\"https://laohu8.com/S/FUBO\">fuboTV Inc.</a> last year. This year, when the market turned downward, she took a break from active trading. The best place for her extra cash, she thought? Her retirement account.</p><p>Now she feels ready to start adding positions again in her E*Trade self-directed brokerage account, and she is focused on finding beaten-down stocks that could benefit as consumers keep spending. She is considering buying shares of cruise line Carnival Corp., as well as some airline stocks.</p><p>There seems to be &#34;a little more stability in the market,&#34; Ms. Steiding said.</p><p>Another change from 2020 and 2021: Despite the recent rally, markets are still down for the year, preventing many investors from  pouring in money in the same way they did last year.  The average retail investor is sitting on a paper loss of 21% in their brokerage accounts this year, according to Vanda Research estimates as of Thursday. The S&amp;P 500 is down 10% so far this year.</p><p>What&#39;s more, some of the recent rallies in speculative investments have already fizzled. American depositary receipts of AMTD Digital Inc., a little-known Asian fintech company that became a sensation among individual investors, finished Friday at roughly $192 after soaring to a closing peak of $1,679 less than two weeks earlier.</p><p>Still, analysts say, there are other factors luring investors back in. Stock splits from companies including Amazon.com Inc. and GameStop Corp. have made it cheaper for small investors to scoop up popular stocks. Lower prices across the market have encouraged many to try to buy the dip.</p><p>Those factors may have helped lay the groundwork for individuals&#39; recent interest in speculative stocks, analysts say. And while some small traders have relished in the recent revival of meme-stock mania, others are instead focusing on what they believe will be longer-term wealth-building strategies.</p><p>Arian Adeli, an 18-year-old who is entering college in the Netherlands, dabbled in meme stocks last year, and he is still plowing money into growth stocks and cryptocurrencies. But lately, he has also been focused on buying dividend stocks whose prices have tumbled this year -- even if they aren&#39;t the trendy investment strategy among young traders.</p><p>&#34;It&#39;s a very good opportunity to build a passive income stream,&#34; Mr. Adeli said.</p><p>To be sure, analysts say that much of the market&#39;s recent rally -- the S&amp;P 500 has rebounded 17% since a June 16 bottom -- has been driven by professional investors. Some of them have rapidly unwound bearish wagers. Other money managers are reshuffling portfolios and adding new long positions to capitalize on the recent comeback in growth stocks.</p><p>Jason Goepfert, president of Sundial Capital Research, said a more-staid approach by some individual investors could bode well for the strength of the continuing stock-market rebound, noting that frenzied sentiment among individual investors has often signaled that a rally has gone too far.</p><p>&#34;It&#39;s a good and positive thing to see people come back into the market and that&#39;s going to drive prices higher,&#34; Mr. Goepfert said. &#34;We just don&#39;t want to see it get out of control.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meme-Stock Investors Are Back! Sort Of, Anyway</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\">\nMeme-Stock Investors Are Back! Sort Of, Anyway\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-14 10:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Individual investors have waded back into the stock market after laying low through the worst of this year&#39;s selloff. But don&#39;t call it a comeback yet.</p><p>So-called retail investors in the last two weeks have ramped up purchases of stocks and bullish call options, helping send meme stocks, such as Bed Bath &amp; Beyond Inc. and AMC Entertainment Holdings Inc., skyrocketing. So far in August, both stocks have logged gains of at least 68%, putting Bed Bath &amp; Beyond on pace for its best month in history.</p><p>The excitement hasn&#39;t been limited just to meme stocks. Earlier this month, small traders&#39; purchases of bullish call options jumped to the highest level since April. Comments have also recently spiked on Reddit&#39;s WallStreetBets forum, a popular online watering hole for amateur traders, according to TopStonks.</p><p>Individual investors have purchased an average of $1.35 billion a day of U.S. stocks and exchange-traded funds on a net basis so far this month, according to Vanda Research through Thursday. That puts their purchases on pace for their highest monthly average since January, the month when the recent bull market peaked.</p><p>The clamor is reminiscent of the speculative fervor that cascaded over markets in 2020 and 2021, when millions of Americans got hooked on trading stocks, options and cryptocurrencies. Stuck at home during the Covid-19 pandemic and flush with stimulus checks, newbie traders banded together on online forums, pushing up shares of favorite stocks. Some made small fortunes. Others lost big.</p><p>This month is different. For one thing, individual investors&#39; activity is still well off the record highs notched last year. Fears about decades-high inflation and a possible future recession continue to loom, confounding professionals and rookies alike on where the stock market might go from here.</p><p>Patricia Steiding, a 59-year-old office manager in California, has her future retirement on her mind, and she worries about inflation eating into her savings.</p><p>Ms. Steiding scooped up shares of meme stocks like AMC and <a href=\"https://laohu8.com/S/FUBO\">fuboTV Inc.</a> last year. This year, when the market turned downward, she took a break from active trading. The best place for her extra cash, she thought? Her retirement account.</p><p>Now she feels ready to start adding positions again in her E*Trade self-directed brokerage account, and she is focused on finding beaten-down stocks that could benefit as consumers keep spending. She is considering buying shares of cruise line Carnival Corp., as well as some airline stocks.</p><p>There seems to be &#34;a little more stability in the market,&#34; Ms. Steiding said.</p><p>Another change from 2020 and 2021: Despite the recent rally, markets are still down for the year, preventing many investors from  pouring in money in the same way they did last year.  The average retail investor is sitting on a paper loss of 21% in their brokerage accounts this year, according to Vanda Research estimates as of Thursday. The S&amp;P 500 is down 10% so far this year.</p><p>What&#39;s more, some of the recent rallies in speculative investments have already fizzled. American depositary receipts of AMTD Digital Inc., a little-known Asian fintech company that became a sensation among individual investors, finished Friday at roughly $192 after soaring to a closing peak of $1,679 less than two weeks earlier.</p><p>Still, analysts say, there are other factors luring investors back in. Stock splits from companies including Amazon.com Inc. and GameStop Corp. have made it cheaper for small investors to scoop up popular stocks. Lower prices across the market have encouraged many to try to buy the dip.</p><p>Those factors may have helped lay the groundwork for individuals&#39; recent interest in speculative stocks, analysts say. And while some small traders have relished in the recent revival of meme-stock mania, others are instead focusing on what they believe will be longer-term wealth-building strategies.</p><p>Arian Adeli, an 18-year-old who is entering college in the Netherlands, dabbled in meme stocks last year, and he is still plowing money into growth stocks and cryptocurrencies. But lately, he has also been focused on buying dividend stocks whose prices have tumbled this year -- even if they aren&#39;t the trendy investment strategy among young traders.</p><p>&#34;It&#39;s a very good opportunity to build a passive income stream,&#34; Mr. Adeli said.</p><p>To be sure, analysts say that much of the market&#39;s recent rally -- the S&amp;P 500 has rebounded 17% since a June 16 bottom -- has been driven by professional investors. Some of them have rapidly unwound bearish wagers. Other money managers are reshuffling portfolios and adding new long positions to capitalize on the recent comeback in growth stocks.</p><p>Jason Goepfert, president of Sundial Capital Research, said a more-staid approach by some individual investors could bode well for the strength of the continuing stock-market rebound, noting that frenzied sentiment among individual investors has often signaled that a rally has gone too far.</p><p>&#34;It&#39;s a good and positive thing to see people come back into the market and that&#39;s going to drive prices higher,&#34; Mr. Goepfert said. &#34;We just don&#39;t want to see it get out of control.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","FUBO":"fuboTV Inc.","CUK":"嘉年华存托凭证","BK4211":"区域性银行","ISBC":"投资者银行","CCL":"嘉年华邮轮","BBBY":"3B家居"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259170836","content_text":"Individual investors have waded back into the stock market after laying low through the worst of this year's selloff. But don't call it a comeback yet.So-called retail investors in the last two weeks have ramped up purchases of stocks and bullish call options, helping send meme stocks, such as Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc., skyrocketing. So far in August, both stocks have logged gains of at least 68%, putting Bed Bath & Beyond on pace for its best month in history.The excitement hasn't been limited just to meme stocks. Earlier this month, small traders' purchases of bullish call options jumped to the highest level since April. Comments have also recently spiked on Reddit's WallStreetBets forum, a popular online watering hole for amateur traders, according to TopStonks.Individual investors have purchased an average of $1.35 billion a day of U.S. stocks and exchange-traded funds on a net basis so far this month, according to Vanda Research through Thursday. That puts their purchases on pace for their highest monthly average since January, the month when the recent bull market peaked.The clamor is reminiscent of the speculative fervor that cascaded over markets in 2020 and 2021, when millions of Americans got hooked on trading stocks, options and cryptocurrencies. Stuck at home during the Covid-19 pandemic and flush with stimulus checks, newbie traders banded together on online forums, pushing up shares of favorite stocks. Some made small fortunes. Others lost big.This month is different. For one thing, individual investors' activity is still well off the record highs notched last year. Fears about decades-high inflation and a possible future recession continue to loom, confounding professionals and rookies alike on where the stock market might go from here.Patricia Steiding, a 59-year-old office manager in California, has her future retirement on her mind, and she worries about inflation eating into her savings.Ms. Steiding scooped up shares of meme stocks like AMC and fuboTV Inc. last year. This year, when the market turned downward, she took a break from active trading. The best place for her extra cash, she thought? Her retirement account.Now she feels ready to start adding positions again in her E*Trade self-directed brokerage account, and she is focused on finding beaten-down stocks that could benefit as consumers keep spending. She is considering buying shares of cruise line Carnival Corp., as well as some airline stocks.There seems to be \"a little more stability in the market,\" Ms. Steiding said.Another change from 2020 and 2021: Despite the recent rally, markets are still down for the year, preventing many investors from  pouring in money in the same way they did last year.  The average retail investor is sitting on a paper loss of 21% in their brokerage accounts this year, according to Vanda Research estimates as of Thursday. The S&P 500 is down 10% so far this year.What's more, some of the recent rallies in speculative investments have already fizzled. American depositary receipts of AMTD Digital Inc., a little-known Asian fintech company that became a sensation among individual investors, finished Friday at roughly $192 after soaring to a closing peak of $1,679 less than two weeks earlier.Still, analysts say, there are other factors luring investors back in. Stock splits from companies including Amazon.com Inc. and GameStop Corp. have made it cheaper for small investors to scoop up popular stocks. Lower prices across the market have encouraged many to try to buy the dip.Those factors may have helped lay the groundwork for individuals' recent interest in speculative stocks, analysts say. And while some small traders have relished in the recent revival of meme-stock mania, others are instead focusing on what they believe will be longer-term wealth-building strategies.Arian Adeli, an 18-year-old who is entering college in the Netherlands, dabbled in meme stocks last year, and he is still plowing money into growth stocks and cryptocurrencies. But lately, he has also been focused on buying dividend stocks whose prices have tumbled this year -- even if they aren't the trendy investment strategy among young traders.\"It's a very good opportunity to build a passive income stream,\" Mr. Adeli said.To be sure, analysts say that much of the market's recent rally -- the S&P 500 has rebounded 17% since a June 16 bottom -- has been driven by professional investors. Some of them have rapidly unwound bearish wagers. Other money managers are reshuffling portfolios and adding new long positions to capitalize on the recent comeback in growth stocks.Jason Goepfert, president of Sundial Capital Research, said a more-staid approach by some individual investors could bode well for the strength of the continuing stock-market rebound, noting that frenzied sentiment among individual investors has often signaled that a rally has gone too far.\"It's a good and positive thing to see people come back into the market and that's going to drive prices higher,\" Mr. Goepfert said. \"We just don't want to see it get out of control.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999909967,"gmtCreate":1660445126161,"gmtModify":1676533471926,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999909967","repostId":"2259349706","repostType":4,"repost":{"id":"2259349706","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1660440324,"share":"https://ttm.financial/m/news/2259349706?lang=&edition=fundamental","pubTime":"2022-08-14 09:25","market":"us","language":"en","title":"Inflation Surge Cools in July. Should You Still Play Defense with Your Portfolio?","url":"https://stock-news.laohu8.com/highlight/detail?id=2259349706","media":"Dow Jones","summary":"Investors hopeful about a potential retreat in U.S. inflation from its highest levels in decades hav","content":"<html><head></head><body><p>Investors hopeful about a potential retreat in U.S. inflation from its highest levels in decades have been piling into stocks, even as several high-profile investors warn the rally may be a mirage.</p><p>The latest surge in stocks helped lift the Nasdaq Composite out of bear-market territory on Wednesday and the Dow Jones Industrial Average  to exit correction territory. But the sharp upswing also prompted debate about if investors should adjust their portfolios, pivoting away from defense plays.</p><p>For the past month, growth stocks in general outperformed their value counterparts. The Russell 1000 Growth Index  advanced 13%, while the Russell 1000 Value Index  gained 9.5%, according  to Dow Jones Market data. Cathie Wood&#39;s tech-heavy <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (ARKK) rose 10% in the past month, topping the 8.3% gain of Warren Buffett&#39;s Berkshire Hathaway (BRKA) shares for the same period.</p><p>Liz Young, head of investment strategy at SoFi, said investors should consider being in the market and out of cash by the end of summer, though she remains skeptical of the quick rise of stocks since mid-June. &#34;In the case of the Fed&#39;s current goal, markets are starting to believe in the possibility of a soft landing,&#34; Young wrote in a Thursday note.</p><p>However, that&#39;s not what the bond market has been signaling, said Nancy Davis, portfolio manager of the Quadratic Interest Rate Volatility and Inflation Hedge Exchange-Traded Fund <a href=\"https://laohu8.com/S/IVOL\">$(IVOL)$</a>. The yield of 2-year Treasury note remains higher than that of the 10-year treasury bond.  &#34;It&#39;s a substantial inversion,&#34; Davis noted. &#34;It&#39;s really the market pricing the low- growth kind of bad scenario.&#34;</p><p>Helping to fuel risk appetite, the U.S. consumer-price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Street Journal had estimated a 0.2% advance in July.</p><p>A day later, the U.S. producer-price index fell 0.5% in July, the first negative monthly print since April 2020. That&#39;s compared with a 1% jump in June. Economists polled by The Wall Street Journal had forecast a 0.2% advance.</p><h2>A diversified portfolio?</h2><p>Mark Heppenstall, president and chief investment officer at Penn Mutual Asset Management, said that as long as inflation continues to trend lower, the classic 60/40 portfolio, with 60% invested in stocks and 40% in bonds, will continue to provide reasonable returns.</p><p>&#34;In most market environments, it&#39;s helpful to have broad and balanced exposure,&#34; said Brian Storey, senior portfolio manager at Brinker Capital Investments.</p><p>Storey suggested that investors consider adding high-quality stocks to their portfolio. For investors with a risk posture that&#39;s a little more conservative, Storey encourages them to look outside of equity markets. &#34;Some investment-grade fixed-income corporate bonds, or even some noncore fixed-income, like high-yield bonds, bank loans or emerging-market debt -- those are areas [where] spreads widened a lot,&#34; Storey said.</p><p>&#34;Given that there doesn&#39;t seem to be any extreme areas of stress in financial markets over the next six-to-12 months, those are areas that should see some fairly attractive returns, particularly compared to US Treasurys,&#34; Storey said.</p><h2>Growth vs. Value Stocks</h2><p>Still, Storey has been skeptical about whether the recent rally led by growth stocks is sustainable, given that it has been partly driven by the fall in the 10-year treasury yield.</p><p>The 10-year Treasury  advanced modestly for the week to 2.848% on Friday, still below its 3.482% high in June.</p><p>&#34;I think now that we&#39;re gonna see treasury yields a little bit more range bound,&#34; said Storey. &#34;So I think that the decline in yields that has been a catalyst for those Nasdaq stocks is probably not going to be as much of a tailwind in the future.&#34;</p><p>Even if the stock rally continues, &#34;I don&#39;t think that people are going to be going back to the same kind of leadership names,&#34; said Stephen Hoedt, managing director at equity and fixed income research at Key Private Bank. While the rally since June has been led by some &#34;unprofitable technology companies,&#34; the market is likely to gravitate for leadership of high quality growth companies, such as some in healthcare and consumer discretionary, Hoedt noted.</p><p>&#34;You just can&#39;t put money to work in technology willy-nilly right now. Because there still are significant valuation concerns,&#34; Hoedt said. &#34;And the fact that we&#39;re in a higher interest rate environment is a headwind for companies that do not have earnings or have more difficult profitability than others.&#34;</p><h2>More rate hikes</h2><p>Next week, investors will be focused on initial jobless claims data and existing home sales number.</p><p>Later this month, the Fed will hold its Jackson Hole Economic Symposium, which could be the next major catalyst for market movements, analysts said.</p><p>&#34;There are a lot of hawkish expectations from the forward guidance,&#34; Quadratic&#39;s Davis said. While the Fed has raised interest rates by 225 basis points already this year, the market is pricing in an additional 117 basis points of hikes to come for the rest of the year, Davis noted.</p><p>She will be tuned into the Jackson Hole summit for any talk about how the Fed officials plan to use the central bank&#39;s balance sheet as a monetary policy tool to fight inflation.</p><p>For the past week, the Dow added 2.9% to around 33,761.05. The S&amp;P 500  gained 3.3% to 4,280.15, and the Nasdaq rose 3.1% to 13,047.19.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Inflation Surge Cools in July. Should You Still Play Defense with 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\">\nInflation Surge Cools in July. Should You Still Play Defense with Your Portfolio?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-14 09:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Investors hopeful about a potential retreat in U.S. inflation from its highest levels in decades have been piling into stocks, even as several high-profile investors warn the rally may be a mirage.</p><p>The latest surge in stocks helped lift the Nasdaq Composite out of bear-market territory on Wednesday and the Dow Jones Industrial Average  to exit correction territory. But the sharp upswing also prompted debate about if investors should adjust their portfolios, pivoting away from defense plays.</p><p>For the past month, growth stocks in general outperformed their value counterparts. The Russell 1000 Growth Index  advanced 13%, while the Russell 1000 Value Index  gained 9.5%, according  to Dow Jones Market data. Cathie Wood&#39;s tech-heavy <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (ARKK) rose 10% in the past month, topping the 8.3% gain of Warren Buffett&#39;s Berkshire Hathaway (BRKA) shares for the same period.</p><p>Liz Young, head of investment strategy at SoFi, said investors should consider being in the market and out of cash by the end of summer, though she remains skeptical of the quick rise of stocks since mid-June. &#34;In the case of the Fed&#39;s current goal, markets are starting to believe in the possibility of a soft landing,&#34; Young wrote in a Thursday note.</p><p>However, that&#39;s not what the bond market has been signaling, said Nancy Davis, portfolio manager of the Quadratic Interest Rate Volatility and Inflation Hedge Exchange-Traded Fund <a href=\"https://laohu8.com/S/IVOL\">$(IVOL)$</a>. The yield of 2-year Treasury note remains higher than that of the 10-year treasury bond.  &#34;It&#39;s a substantial inversion,&#34; Davis noted. &#34;It&#39;s really the market pricing the low- growth kind of bad scenario.&#34;</p><p>Helping to fuel risk appetite, the U.S. consumer-price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Street Journal had estimated a 0.2% advance in July.</p><p>A day later, the U.S. producer-price index fell 0.5% in July, the first negative monthly print since April 2020. That&#39;s compared with a 1% jump in June. Economists polled by The Wall Street Journal had forecast a 0.2% advance.</p><h2>A diversified portfolio?</h2><p>Mark Heppenstall, president and chief investment officer at Penn Mutual Asset Management, said that as long as inflation continues to trend lower, the classic 60/40 portfolio, with 60% invested in stocks and 40% in bonds, will continue to provide reasonable returns.</p><p>&#34;In most market environments, it&#39;s helpful to have broad and balanced exposure,&#34; said Brian Storey, senior portfolio manager at Brinker Capital Investments.</p><p>Storey suggested that investors consider adding high-quality stocks to their portfolio. For investors with a risk posture that&#39;s a little more conservative, Storey encourages them to look outside of equity markets. &#34;Some investment-grade fixed-income corporate bonds, or even some noncore fixed-income, like high-yield bonds, bank loans or emerging-market debt -- those are areas [where] spreads widened a lot,&#34; Storey said.</p><p>&#34;Given that there doesn&#39;t seem to be any extreme areas of stress in financial markets over the next six-to-12 months, those are areas that should see some fairly attractive returns, particularly compared to US Treasurys,&#34; Storey said.</p><h2>Growth vs. Value Stocks</h2><p>Still, Storey has been skeptical about whether the recent rally led by growth stocks is sustainable, given that it has been partly driven by the fall in the 10-year treasury yield.</p><p>The 10-year Treasury  advanced modestly for the week to 2.848% on Friday, still below its 3.482% high in June.</p><p>&#34;I think now that we&#39;re gonna see treasury yields a little bit more range bound,&#34; said Storey. &#34;So I think that the decline in yields that has been a catalyst for those Nasdaq stocks is probably not going to be as much of a tailwind in the future.&#34;</p><p>Even if the stock rally continues, &#34;I don&#39;t think that people are going to be going back to the same kind of leadership names,&#34; said Stephen Hoedt, managing director at equity and fixed income research at Key Private Bank. While the rally since June has been led by some &#34;unprofitable technology companies,&#34; the market is likely to gravitate for leadership of high quality growth companies, such as some in healthcare and consumer discretionary, Hoedt noted.</p><p>&#34;You just can&#39;t put money to work in technology willy-nilly right now. Because there still are significant valuation concerns,&#34; Hoedt said. &#34;And the fact that we&#39;re in a higher interest rate environment is a headwind for companies that do not have earnings or have more difficult profitability than others.&#34;</p><h2>More rate hikes</h2><p>Next week, investors will be focused on initial jobless claims data and existing home sales number.</p><p>Later this month, the Fed will hold its Jackson Hole Economic Symposium, which could be the next major catalyst for market movements, analysts said.</p><p>&#34;There are a lot of hawkish expectations from the forward guidance,&#34; Quadratic&#39;s Davis said. While the Fed has raised interest rates by 225 basis points already this year, the market is pricing in an additional 117 basis points of hikes to come for the rest of the year, Davis noted.</p><p>She will be tuned into the Jackson Hole summit for any talk about how the Fed officials plan to use the central bank&#39;s balance sheet as a monetary policy tool to fight inflation.</p><p>For the past week, the Dow added 2.9% to around 33,761.05. The S&amp;P 500  gained 3.3% to 4,280.15, and the Nasdaq rose 3.1% to 13,047.19.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4176":"多领域控股","BRK.B":"伯克希尔B","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4581":"高盛持仓","ARKK":"ARK Innovation ETF","BK4544":"ARK ETF合集","IVOL":"Quadratic Interest Rate Volatility and Inflation Hedge ETF","BK4534":"瑞士信贷持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259349706","content_text":"Investors hopeful about a potential retreat in U.S. inflation from its highest levels in decades have been piling into stocks, even as several high-profile investors warn the rally may be a mirage.The latest surge in stocks helped lift the Nasdaq Composite out of bear-market territory on Wednesday and the Dow Jones Industrial Average  to exit correction territory. But the sharp upswing also prompted debate about if investors should adjust their portfolios, pivoting away from defense plays.For the past month, growth stocks in general outperformed their value counterparts. The Russell 1000 Growth Index  advanced 13%, while the Russell 1000 Value Index  gained 9.5%, according  to Dow Jones Market data. Cathie Wood's tech-heavy ARK Innovation ETF (ARKK) rose 10% in the past month, topping the 8.3% gain of Warren Buffett's Berkshire Hathaway (BRKA) shares for the same period.Liz Young, head of investment strategy at SoFi, said investors should consider being in the market and out of cash by the end of summer, though she remains skeptical of the quick rise of stocks since mid-June. \"In the case of the Fed's current goal, markets are starting to believe in the possibility of a soft landing,\" Young wrote in a Thursday note.However, that's not what the bond market has been signaling, said Nancy Davis, portfolio manager of the Quadratic Interest Rate Volatility and Inflation Hedge Exchange-Traded Fund $(IVOL)$. The yield of 2-year Treasury note remains higher than that of the 10-year treasury bond.  \"It's a substantial inversion,\" Davis noted. \"It's really the market pricing the low- growth kind of bad scenario.\"Helping to fuel risk appetite, the U.S. consumer-price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Street Journal had estimated a 0.2% advance in July.A day later, the U.S. producer-price index fell 0.5% in July, the first negative monthly print since April 2020. That's compared with a 1% jump in June. Economists polled by The Wall Street Journal had forecast a 0.2% advance.A diversified portfolio?Mark Heppenstall, president and chief investment officer at Penn Mutual Asset Management, said that as long as inflation continues to trend lower, the classic 60/40 portfolio, with 60% invested in stocks and 40% in bonds, will continue to provide reasonable returns.\"In most market environments, it's helpful to have broad and balanced exposure,\" said Brian Storey, senior portfolio manager at Brinker Capital Investments.Storey suggested that investors consider adding high-quality stocks to their portfolio. For investors with a risk posture that's a little more conservative, Storey encourages them to look outside of equity markets. \"Some investment-grade fixed-income corporate bonds, or even some noncore fixed-income, like high-yield bonds, bank loans or emerging-market debt -- those are areas [where] spreads widened a lot,\" Storey said.\"Given that there doesn't seem to be any extreme areas of stress in financial markets over the next six-to-12 months, those are areas that should see some fairly attractive returns, particularly compared to US Treasurys,\" Storey said.Growth vs. Value StocksStill, Storey has been skeptical about whether the recent rally led by growth stocks is sustainable, given that it has been partly driven by the fall in the 10-year treasury yield.The 10-year Treasury  advanced modestly for the week to 2.848% on Friday, still below its 3.482% high in June.\"I think now that we're gonna see treasury yields a little bit more range bound,\" said Storey. \"So I think that the decline in yields that has been a catalyst for those Nasdaq stocks is probably not going to be as much of a tailwind in the future.\"Even if the stock rally continues, \"I don't think that people are going to be going back to the same kind of leadership names,\" said Stephen Hoedt, managing director at equity and fixed income research at Key Private Bank. While the rally since June has been led by some \"unprofitable technology companies,\" the market is likely to gravitate for leadership of high quality growth companies, such as some in healthcare and consumer discretionary, Hoedt noted.\"You just can't put money to work in technology willy-nilly right now. Because there still are significant valuation concerns,\" Hoedt said. \"And the fact that we're in a higher interest rate environment is a headwind for companies that do not have earnings or have more difficult profitability than others.\"More rate hikesNext week, investors will be focused on initial jobless claims data and existing home sales number.Later this month, the Fed will hold its Jackson Hole Economic Symposium, which could be the next major catalyst for market movements, analysts said.\"There are a lot of hawkish expectations from the forward guidance,\" Quadratic's Davis said. While the Fed has raised interest rates by 225 basis points already this year, the market is pricing in an additional 117 basis points of hikes to come for the rest of the year, Davis noted.She will be tuned into the Jackson Hole summit for any talk about how the Fed officials plan to use the central bank's balance sheet as a monetary policy tool to fight inflation.For the past week, the Dow added 2.9% to around 33,761.05. The S&P 500  gained 3.3% to 4,280.15, and the Nasdaq rose 3.1% to 13,047.19.","news_type":1},"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990112300,"gmtCreate":1660308246903,"gmtModify":1676533448117,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990112300","repostId":"1137565495","repostType":4,"repost":{"id":"1137565495","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1660305132,"share":"https://ttm.financial/m/news/1137565495?lang=&edition=fundamental","pubTime":"2022-08-12 19:52","market":"us","language":"en","title":"Pre-Bell｜Dow Futures Jumped 110 Points; This Cloud Platform Crashed Over 33%","url":"https://stock-news.laohu8.com/highlight/detail?id=1137565495","media":"Tiger Newspress","summary":"U.S. stock futures rose on Friday with the S&P 500 headed for its fourth positive week in a row on t","content":"<html><head></head><body><p>U.S. stock futures rose on Friday with the S&amp;P 500 headed for its fourth positive week in a row on the hope that inflation is peaking. The Dow is up 1.6% for the week, while the Nasdaq Composite is 1% higher. For the Nasdaq, it is also the fourth positive week in a row.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 111 points, or 0.33%, S&amp;P 500 e-minis were up 15.25 points, or 0.36%, and Nasdaq 100 e-minis were up 53.25 points, or 0.4%.</p><p><img src=\"https://static.tigerbbs.com/ee9326266fa1ac10eade9d84d7eb9ff6\" tg-width=\"264\" tg-height=\"125\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/HNST\">The Honest Company, Inc.</a></b> – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter.</p><p><b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance.</p><p><b><a href=\"https://laohu8.com/S/ILMN\">Illumina</a></b> – Illumina tumbled 14.7% in the premarket after the gene-sequencing technology company reported quarterly profit and revenue that was lower than expected, and issued an outlook that was well short of analyst estimates. Illumina said a challenging economic environment is offsetting growth in the use of its gene-sequencing platform.</p><p><b><a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a></b> – Toast surged 12.9% in premarket action after the restaurant payment technology company raised its full-year earnings outlook. Toast reported a quarterly loss, but it was narrower than analysts had predicted, with Toast noting a record number of new locations using its technology.</p><p><b><a href=\"https://laohu8.com/S/POSH\">Poshmark, Inc.</a></b> – Poshmark fell 1.4% in the premarket after the online fashion retailer issued weaker revenue guidance than expected for the current quarter. Poshmark reported a loss for its latest quarter on increased marketing and research and development expenses, but sales were better than analysts had anticipated.</p><p><b><a href=\"https://laohu8.com/S/UP\">Wheels Up Experience Inc.</a></b> – The private jet company’s stock added 2% in premarket action after it reported better-than-expected quarterly revenue, although its loss was slightly wider than anticipated. Wheels Up also saw a 16% jump in active users.</p><p><b><a href=\"https://laohu8.com/S/OLO\">Olo Inc.</a></b> – Olo plunged 33% in premarket trading after the restaurant software maker issued a weaker-than-expected current quarter and full-year revenue outlook.</p><p><b><a href=\"https://laohu8.com/S/LZ\">LegalZoom.com, Inc</a></b> – LegalZoom added 2.1% in the premarket after the purveyor of online legal forms reported better than expected quarterly earnings.</p><p><b>Market News</b></p><p>The cooler inflation reading for July is welcome news and may mean it’s appropriate for the Federal Reserve to slow its interest-rate increase to 50 basis points at its September meeting, but the fight against fast price growth is far from over, San Francisco Fed President Mary Daly said.</p><p>Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> electric vehicles using Autopilot and advanced driver assistance systems.</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn. It is telling its assemblers to make 90 million of its newest devices, on par with last year, despite deteriorating projections for the smartphone market, according to people with knowledge of the matter.</p><p><b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a></b> said it plans to stop selling its legacy talc-based baby-powder products globally in 2023, a move that comes amid continued legal battles and years after the company discontinued the product in the US and Canada. It had made the “commercial decision” to transition all its baby powder products to use cornstarch instead of talcum powder after conducting an assessment of its portfolio.</p><p>Index provider <b><a href=\"https://laohu8.com/S/MSCI\">MSCI Inc</a></b> said on Thursday that 13 securities will be added to and eight deleted from its widely followed ACWI index as part of its quarterly index review. The three largest additions to the MSCI world index by market capitalization will be Carlisle Cos Inc, Texas Pacific Land Corp and Gaming And Leisure Properties Inc, all U.S.-based.</p><p><b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> says it now expects a 2022 loss of $5.45 billion, from a previous estimate of a $4.75 billion loss. It said it lost $1.7 billion, or $1.89 a share, in the second quarter, compared with a loss of $580 million, or $5.74 a share, in the year-ago period. Adjusted for one-time items, Rivian lost $1.62 a share in the quarter.</p><p><b><a href=\"https://laohu8.com/S/CSSEP\">Chicken Soup</a></b> takes on the Redbox network of 36,000 DVD rental kiosks, along with its own modest streaming video business. Redbox holders received 0.087 Chicken Soup shares for each Redbox share.</p><p><b><a href=\"https://laohu8.com/S/ILMN\">Illumina</a></b> reported a loss of $535 million, or $3.40 a share, compared with net income of $187 million, or $1.26 a share, in the year-ago period. Adjusted for $609 million in legal contingencies, plus selling, general and administrative expenses and other costs, earnings were 57 cents a share. Revenue rose to $1.16 billion from $1.13 billion in the year-ago quarter.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Dow Futures Jumped 110 Points; This Cloud Platform Crashed Over 33%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Dow Futures Jumped 110 Points; This Cloud Platform Crashed Over 33%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-12 19:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures rose on Friday with the S&amp;P 500 headed for its fourth positive week in a row on the hope that inflation is peaking. The Dow is up 1.6% for the week, while the Nasdaq Composite is 1% higher. For the Nasdaq, it is also the fourth positive week in a row.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 111 points, or 0.33%, S&amp;P 500 e-minis were up 15.25 points, or 0.36%, and Nasdaq 100 e-minis were up 53.25 points, or 0.4%.</p><p><img src=\"https://static.tigerbbs.com/ee9326266fa1ac10eade9d84d7eb9ff6\" tg-width=\"264\" tg-height=\"125\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/HNST\">The Honest Company, Inc.</a></b> – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter.</p><p><b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance.</p><p><b><a href=\"https://laohu8.com/S/ILMN\">Illumina</a></b> – Illumina tumbled 14.7% in the premarket after the gene-sequencing technology company reported quarterly profit and revenue that was lower than expected, and issued an outlook that was well short of analyst estimates. Illumina said a challenging economic environment is offsetting growth in the use of its gene-sequencing platform.</p><p><b><a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a></b> – Toast surged 12.9% in premarket action after the restaurant payment technology company raised its full-year earnings outlook. Toast reported a quarterly loss, but it was narrower than analysts had predicted, with Toast noting a record number of new locations using its technology.</p><p><b><a href=\"https://laohu8.com/S/POSH\">Poshmark, Inc.</a></b> – Poshmark fell 1.4% in the premarket after the online fashion retailer issued weaker revenue guidance than expected for the current quarter. Poshmark reported a loss for its latest quarter on increased marketing and research and development expenses, but sales were better than analysts had anticipated.</p><p><b><a href=\"https://laohu8.com/S/UP\">Wheels Up Experience Inc.</a></b> – The private jet company’s stock added 2% in premarket action after it reported better-than-expected quarterly revenue, although its loss was slightly wider than anticipated. Wheels Up also saw a 16% jump in active users.</p><p><b><a href=\"https://laohu8.com/S/OLO\">Olo Inc.</a></b> – Olo plunged 33% in premarket trading after the restaurant software maker issued a weaker-than-expected current quarter and full-year revenue outlook.</p><p><b><a href=\"https://laohu8.com/S/LZ\">LegalZoom.com, Inc</a></b> – LegalZoom added 2.1% in the premarket after the purveyor of online legal forms reported better than expected quarterly earnings.</p><p><b>Market News</b></p><p>The cooler inflation reading for July is welcome news and may mean it’s appropriate for the Federal Reserve to slow its interest-rate increase to 50 basis points at its September meeting, but the fight against fast price growth is far from over, San Francisco Fed President Mary Daly said.</p><p>Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> electric vehicles using Autopilot and advanced driver assistance systems.</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn. It is telling its assemblers to make 90 million of its newest devices, on par with last year, despite deteriorating projections for the smartphone market, according to people with knowledge of the matter.</p><p><b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a></b> said it plans to stop selling its legacy talc-based baby-powder products globally in 2023, a move that comes amid continued legal battles and years after the company discontinued the product in the US and Canada. It had made the “commercial decision” to transition all its baby powder products to use cornstarch instead of talcum powder after conducting an assessment of its portfolio.</p><p>Index provider <b><a href=\"https://laohu8.com/S/MSCI\">MSCI Inc</a></b> said on Thursday that 13 securities will be added to and eight deleted from its widely followed ACWI index as part of its quarterly index review. The three largest additions to the MSCI world index by market capitalization will be Carlisle Cos Inc, Texas Pacific Land Corp and Gaming And Leisure Properties Inc, all U.S.-based.</p><p><b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> says it now expects a 2022 loss of $5.45 billion, from a previous estimate of a $4.75 billion loss. It said it lost $1.7 billion, or $1.89 a share, in the second quarter, compared with a loss of $580 million, or $5.74 a share, in the year-ago period. Adjusted for one-time items, Rivian lost $1.62 a share in the quarter.</p><p><b><a href=\"https://laohu8.com/S/CSSEP\">Chicken Soup</a></b> takes on the Redbox network of 36,000 DVD rental kiosks, along with its own modest streaming video business. Redbox holders received 0.087 Chicken Soup shares for each Redbox share.</p><p><b><a href=\"https://laohu8.com/S/ILMN\">Illumina</a></b> reported a loss of $535 million, or $3.40 a share, compared with net income of $187 million, or $1.26 a share, in the year-ago period. Adjusted for $609 million in legal contingencies, plus selling, general and administrative expenses and other costs, earnings were 57 cents a share. Revenue rose to $1.16 billion from $1.13 billion in the year-ago quarter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137565495","content_text":"U.S. stock futures rose on Friday with the S&P 500 headed for its fourth positive week in a row on the hope that inflation is peaking. The Dow is up 1.6% for the week, while the Nasdaq Composite is 1% higher. For the Nasdaq, it is also the fourth positive week in a row.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were up 111 points, or 0.33%, S&P 500 e-minis were up 15.25 points, or 0.36%, and Nasdaq 100 e-minis were up 53.25 points, or 0.4%.Pre-Market MoversThe Honest Company, Inc. – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter.Rivian Automotive, Inc. – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance.Illumina – Illumina tumbled 14.7% in the premarket after the gene-sequencing technology company reported quarterly profit and revenue that was lower than expected, and issued an outlook that was well short of analyst estimates. Illumina said a challenging economic environment is offsetting growth in the use of its gene-sequencing platform.Toast, Inc. – Toast surged 12.9% in premarket action after the restaurant payment technology company raised its full-year earnings outlook. Toast reported a quarterly loss, but it was narrower than analysts had predicted, with Toast noting a record number of new locations using its technology.Poshmark, Inc. – Poshmark fell 1.4% in the premarket after the online fashion retailer issued weaker revenue guidance than expected for the current quarter. Poshmark reported a loss for its latest quarter on increased marketing and research and development expenses, but sales were better than analysts had anticipated.Wheels Up Experience Inc. – The private jet company’s stock added 2% in premarket action after it reported better-than-expected quarterly revenue, although its loss was slightly wider than anticipated. Wheels Up also saw a 16% jump in active users.Olo Inc. – Olo plunged 33% in premarket trading after the restaurant software maker issued a weaker-than-expected current quarter and full-year revenue outlook.LegalZoom.com, Inc – LegalZoom added 2.1% in the premarket after the purveyor of online legal forms reported better than expected quarterly earnings.Market NewsThe cooler inflation reading for July is welcome news and may mean it’s appropriate for the Federal Reserve to slow its interest-rate increase to 50 basis points at its September meeting, but the fight against fast price growth is far from over, San Francisco Fed President Mary Daly said.Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving Tesla Motors electric vehicles using Autopilot and advanced driver assistance systems.Apple has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn. It is telling its assemblers to make 90 million of its newest devices, on par with last year, despite deteriorating projections for the smartphone market, according to people with knowledge of the matter.Johnson & Johnson said it plans to stop selling its legacy talc-based baby-powder products globally in 2023, a move that comes amid continued legal battles and years after the company discontinued the product in the US and Canada. It had made the “commercial decision” to transition all its baby powder products to use cornstarch instead of talcum powder after conducting an assessment of its portfolio.Index provider MSCI Inc said on Thursday that 13 securities will be added to and eight deleted from its widely followed ACWI index as part of its quarterly index review. The three largest additions to the MSCI world index by market capitalization will be Carlisle Cos Inc, Texas Pacific Land Corp and Gaming And Leisure Properties Inc, all U.S.-based.Rivian Automotive, Inc. says it now expects a 2022 loss of $5.45 billion, from a previous estimate of a $4.75 billion loss. It said it lost $1.7 billion, or $1.89 a share, in the second quarter, compared with a loss of $580 million, or $5.74 a share, in the year-ago period. Adjusted for one-time items, Rivian lost $1.62 a share in the quarter.Chicken Soup takes on the Redbox network of 36,000 DVD rental kiosks, along with its own modest streaming video business. Redbox holders received 0.087 Chicken Soup shares for each Redbox share.Illumina reported a loss of $535 million, or $3.40 a share, compared with net income of $187 million, or $1.26 a share, in the year-ago period. Adjusted for $609 million in legal contingencies, plus selling, general and administrative expenses and other costs, earnings were 57 cents a share. Revenue rose to $1.16 billion from $1.13 billion in the year-ago quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9905169277,"gmtCreate":1659839061100,"gmtModify":1703766945980,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905169277","repostId":"2257249151","repostType":4,"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9905160808,"gmtCreate":1659839004006,"gmtModify":1703766944004,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905160808","repostId":"1140000941","repostType":4,"repost":{"id":"1140000941","kind":"news","pubTimestamp":1659838665,"share":"https://ttm.financial/m/news/1140000941?lang=&edition=fundamental","pubTime":"2022-08-07 10:17","market":"us","language":"en","title":"Weekend Stock Spotlight: PayPal, General Electric, Ford And How Ethereum Miners Are Fighting The Merge","url":"https://stock-news.laohu8.com/highlight/detail?id=1140000941","media":"Benzinga","summary":"ZINGER KEY POINTSWhy PayPal may have reached at an attractive level to buy the stock after falling 6","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>Why PayPal may have reached at an attractive level to buy the stock after falling 68% from its high of around $308.</li><li>As Ethereum&#39;s upcoming Merge draws near, groups are making plans for forks to run the old version of Ethereum using miners.</li></ul><p>In &#34;GE Stock Is a Buy as Breakup Looms,&#34; Barron&#39;s Al Root writes that after more than 20 years of decline, <b>General Electric Co</b> is entering the final stages of a dismantling process that will leave just three parts remaining.</p><p>&#34;Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up,&#34; by Barron&#39;s Carleton English, explores why <b>PayPal Holdings Inc</b> may have reached at an attractive level to buy the stock after falling 68% from its high of around $308.</p><p>&#34;Shale Drillers Warn of Higher Costs as They Report Record Profits,&#34; by The Wall Street Journal&#39;s Benoît Morenne, says that shale companies, like <b>Pioneer Natural Resources Co</b> and <b>Continental Resources Inc</b> are reporting exponentially higher profits but are warning that inflation is leading to increased spending.</p><p>In The Wall Street Journal&#39;s &#34;At Ford, Quality Is Now Problem 1,&#34; Nora Eckert writes about the steps being taken by <b>Josh Halliburton</b>, the newly hired executive director of quality at <b>Ford Motor Co</b>, to help improve the automaker&#39;s quality record.</p><p>&#34;Fed’s Bowman Backs More Large Rate Hikes Until Inflation Eases,&#34; by Bloomberg&#39;s Jonnelle Marte, explains why Fed Governor <b>Michelle Bowman</b> says the Federal Reserve should remain open to large interest rate hikes similar to the 75 basis-point increase in July.</p></body></html>","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>Weekend Stock Spotlight: PayPal, General Electric, Ford And How Ethereum Miners Are Fighting The Merge</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\">\nWeekend Stock Spotlight: PayPal, General Electric, Ford And How Ethereum Miners Are Fighting The Merge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-07 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/large-cap/22/08/28387359/weekend-stock-spotlight><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSWhy PayPal may have reached at an attractive level to buy the stock after falling 68% from its high of around $308.As Ethereum's upcoming Merge draws near, groups are making plans for...</p>\n\n<a href=\"https://www.benzinga.com/news/large-cap/22/08/28387359/weekend-stock-spotlight\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","GE":"GE航空航天","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/news/large-cap/22/08/28387359/weekend-stock-spotlight","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140000941","content_text":"ZINGER KEY POINTSWhy PayPal may have reached at an attractive level to buy the stock after falling 68% from its high of around $308.As Ethereum's upcoming Merge draws near, groups are making plans for forks to run the old version of Ethereum using miners.In \"GE Stock Is a Buy as Breakup Looms,\" Barron's Al Root writes that after more than 20 years of decline, General Electric Co is entering the final stages of a dismantling process that will leave just three parts remaining.\"Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up,\" by Barron's Carleton English, explores why PayPal Holdings Inc may have reached at an attractive level to buy the stock after falling 68% from its high of around $308.\"Shale Drillers Warn of Higher Costs as They Report Record Profits,\" by The Wall Street Journal's Benoît Morenne, says that shale companies, like Pioneer Natural Resources Co and Continental Resources Inc are reporting exponentially higher profits but are warning that inflation is leading to increased spending.In The Wall Street Journal's \"At Ford, Quality Is Now Problem 1,\" Nora Eckert writes about the steps being taken by Josh Halliburton, the newly hired executive director of quality at Ford Motor Co, to help improve the automaker's quality record.\"Fed’s Bowman Backs More Large Rate Hikes Until Inflation Eases,\" by Bloomberg's Jonnelle Marte, explains why Fed Governor Michelle Bowman says the Federal Reserve should remain open to large interest rate hikes similar to the 75 basis-point increase in July.","news_type":1},"isVote":1,"tweetType":1,"viewCount":766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908601814,"gmtCreate":1659366741939,"gmtModify":1705979578167,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908601814","repostId":"1136914958","repostType":4,"repost":{"id":"1136914958","kind":"news","pubTimestamp":1659362449,"share":"https://ttm.financial/m/news/1136914958?lang=&edition=fundamental","pubTime":"2022-08-01 22:00","market":"us","language":"en","title":"Apple: Why Bears Should Give In And Own This Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1136914958","media":"Seeking Alpha","summary":"SummaryMany continue to be skeptical of a richly valued stock like Apple in the face of macroeconomi","content":"<html><head></head><body><p>Summary</p><ul><li>Many continue to be skeptical of a richly valued stock like Apple in the face of macroeconomic challenges. But I think the fears are overblown.</li><li>Quality trumps risk during periods of uncertainty. AAPL checks many of the boxes that earn it the status of very high-quality stock.</li><li>In this article, I touch on Apple&#39;s consistent execution of the C-suite; cash generation; working capital and inventory management.</li></ul><p>One day after <a href=\"https://laohu8.com/S/AAPL\">Apple</a> delivered yet another consensus-beating set of results, one CNBC poll caught my attention. When asked which July winner investors might want to &#34;fade&#34;, nearly one in four Twitter respondents suggestedthat Apple stock should be the one sold into strength. Mind you, skepticism towards shares of the Cupertino company is nothing new.</p><p>Despite the stock being richly valued relative to the broad market and its own history, which may explain why some may fear that the recent rally could be short-lived, I believe that many continue to underestimate the appeal of AAPL amid a deteriorating macroeconomic environment. Below, I explain why.</p><h3>Apple&#39;s earnings beats are not a coincidence</h3><p>According to Seeking Alpha, Apple has met or topped EPS consensus in each of the past 20 quarters, if not longer. The average beat has been 15 cents per quarter since the start of the COVID-19 crisis, compared to only 3 cents per quarter in the previous ten periods.</p><p>To be clear, part of the reason why Apple has managed to impress Wall Street as much as it has lately is the lack of full guidance, coupled with high levels of uncertainty that probably caused analysts to be overly conservative at projecting financial results. Still, I think it would be a mistake to discount Apple&#39;s pristine execution during this very challenging COVID-19 period.</p><p>Since 2019, the company&#39;s revenues have grown by an annualized 19% through the end of last year (see chart below), while operating margin has expanded by a whopping 600 bps over the period ⁠- partly due to operating leverage, but also as a result of much better gross margin. Mere industry-wide tailwinds driven by the stay-at-home and work-from-home phenomena are not enough to explain such strong results, in my opinion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/afb2742fd8ae8e5a411958ec5fc95545\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/><span>AAPL Revenue(TTM) data by YCharts</span></p><p>In my view, it is about time that Apple&#39;s management team be credited for the stock&#39;s resilient valuations. If 25 times 2022 earnings may seem rich for a moderate growth stock like AAPL when the S&amp;P 500trades at only 17 timesinstead, maybe the premium is properly justified by Tim Cook and the team&#39;s ability to pull rabbits out of a hat when few other companies seem capable of doing so in 2022.</p><h3>Now is the time for quality</h3><p>It has become somewhat of a consensus view that investing in high-quality companies in the face of macroeconomic uncertainty may be the best strategy today. The graph below seems to support the idea.</p><p>Notice the price behavior of the iShares MSCI USA Quality Factor ETF (QUAL), whichleans toward companieswith &#34;high return on equity, stable year-over-year earnings growth, and low financial leverage&#34;, compared to the Invesco S&amp;P 500 High Beta ETF (SPHB) composed of stocks that are most sensitive to market-wide movements. The former did particularly well relative to the latter in 2015-2016 (the start of the US Presidential election cycle), late 2018 (the quasi-bear of Q4 driven by monetary policy jitters), and the start of the pandemic. The reverse was true during the late 2020 recovery that was unleashed by the release of the first COVID-19 vaccines and the end of the election period in the US. In other words: quality tends to trump risk in times of distress.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01f3c87901c47437471d368f12649ed6\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/><span>QUAL data by YCharts</span></p><p>Those that fear stock market softness in the face of high inflation, rising interest rates, and the first signs ofan economic slowdownmight be better served by holding Apple. In addition to the competence of the management team mentioned above, the following points suggest to me that the Cupertino company checks the &#34;high quality&#34; boxes better than most other companies and stocks in the market:</p><ul><li>The Apple brand, as qualitative a measure as it may be, continues to be a great asset for the company. During a time when established consumer companies have struggled to sell inventory and meet expectations on financial results - think Walmart (WMT) and Target (TGT) in thepast couple of months- CEO Tim Cook said, during Apple&#39;smost recent earnings call, that &#34;there was no obvious evidence of macroeconomic impact during the June quarter besides FX&#34; within the iPhone and possibly Mac and iPad segments. A weakening economy, so far, has not meant soft demand for Apple&#39;s core products.</li><li>Cash is a desirable asset during tough times, and Apple has proven to be very effective at producing and keeping it. Despite a still aggressive cash return program (see historical share repurchases and dividends below, the latter represented as a negative), Apple continues to hold over $70 billion in cash net of debt. This is more than 20% of total assets due, in part, to very tight working capital management helping to produce $93 billion in free cash flow last fiscal year, or about 25% of total revenues. On the point of working capital dynamics, Apple&#39;s negativenet operating cycle(i.e., working capital liabilities like payables are larger than working capital assets) is a rare and impressive feat that effectively means that the company&#39;s operations are financed mostly by its suppliers.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/837ee02ac7376cb964a3f8038fd5393b\" tg-width=\"1280\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/><span>AAPL Stock Buybacks (Quarterly)data by YCharts</span></p><ul><li>When supply chains are as constrained as they have been, it helps to be theking of inventory management. Apple has substantial control over its suppliers, allowing the company to operate a very lean business model.In fiscal 2021, the total inventory balance amounted to an astonishingly low 3.4% of annual COGS. This is impressive for a consumer company that is still heavily dependent on the sale of physical products - 81% of the top line last year.</li></ul><h3>AAPL is a buy and hold stock</h3><p>Make no mistake: Apple is an expensive stock by almost any measure. But because of the quality of the business and the management team, I believe that shares of the Cupertino-based company can both (1) continue to rise in the foreseeable future and (2) weather the deterioration of the global economies better than most of its peers.</p><p>Being an Apple bear has never been too easy. More so now, I believe that skeptics might want to rethink their stance towards this stock and consider owning it for the long haul.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Why Bears Should Give In And Own This 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\">\nApple: Why Bears Should Give In And Own This Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-01 22:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4528106-apple-bears-rethink-stance-own-aapl-stock><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMany continue to be skeptical of a richly valued stock like Apple in the face of macroeconomic challenges. But I think the fears are overblown.Quality trumps risk during periods of uncertainty....</p>\n\n<a href=\"https://seekingalpha.com/article/4528106-apple-bears-rethink-stance-own-aapl-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4528106-apple-bears-rethink-stance-own-aapl-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136914958","content_text":"SummaryMany continue to be skeptical of a richly valued stock like Apple in the face of macroeconomic challenges. But I think the fears are overblown.Quality trumps risk during periods of uncertainty. AAPL checks many of the boxes that earn it the status of very high-quality stock.In this article, I touch on Apple's consistent execution of the C-suite; cash generation; working capital and inventory management.One day after Apple delivered yet another consensus-beating set of results, one CNBC poll caught my attention. When asked which July winner investors might want to \"fade\", nearly one in four Twitter respondents suggestedthat Apple stock should be the one sold into strength. Mind you, skepticism towards shares of the Cupertino company is nothing new.Despite the stock being richly valued relative to the broad market and its own history, which may explain why some may fear that the recent rally could be short-lived, I believe that many continue to underestimate the appeal of AAPL amid a deteriorating macroeconomic environment. Below, I explain why.Apple's earnings beats are not a coincidenceAccording to Seeking Alpha, Apple has met or topped EPS consensus in each of the past 20 quarters, if not longer. The average beat has been 15 cents per quarter since the start of the COVID-19 crisis, compared to only 3 cents per quarter in the previous ten periods.To be clear, part of the reason why Apple has managed to impress Wall Street as much as it has lately is the lack of full guidance, coupled with high levels of uncertainty that probably caused analysts to be overly conservative at projecting financial results. Still, I think it would be a mistake to discount Apple's pristine execution during this very challenging COVID-19 period.Since 2019, the company's revenues have grown by an annualized 19% through the end of last year (see chart below), while operating margin has expanded by a whopping 600 bps over the period ⁠- partly due to operating leverage, but also as a result of much better gross margin. Mere industry-wide tailwinds driven by the stay-at-home and work-from-home phenomena are not enough to explain such strong results, in my opinion.AAPL Revenue(TTM) data by YChartsIn my view, it is about time that Apple's management team be credited for the stock's resilient valuations. If 25 times 2022 earnings may seem rich for a moderate growth stock like AAPL when the S&P 500trades at only 17 timesinstead, maybe the premium is properly justified by Tim Cook and the team's ability to pull rabbits out of a hat when few other companies seem capable of doing so in 2022.Now is the time for qualityIt has become somewhat of a consensus view that investing in high-quality companies in the face of macroeconomic uncertainty may be the best strategy today. The graph below seems to support the idea.Notice the price behavior of the iShares MSCI USA Quality Factor ETF (QUAL), whichleans toward companieswith \"high return on equity, stable year-over-year earnings growth, and low financial leverage\", compared to the Invesco S&P 500 High Beta ETF (SPHB) composed of stocks that are most sensitive to market-wide movements. The former did particularly well relative to the latter in 2015-2016 (the start of the US Presidential election cycle), late 2018 (the quasi-bear of Q4 driven by monetary policy jitters), and the start of the pandemic. The reverse was true during the late 2020 recovery that was unleashed by the release of the first COVID-19 vaccines and the end of the election period in the US. In other words: quality tends to trump risk in times of distress.QUAL data by YChartsThose that fear stock market softness in the face of high inflation, rising interest rates, and the first signs ofan economic slowdownmight be better served by holding Apple. In addition to the competence of the management team mentioned above, the following points suggest to me that the Cupertino company checks the \"high quality\" boxes better than most other companies and stocks in the market:The Apple brand, as qualitative a measure as it may be, continues to be a great asset for the company. During a time when established consumer companies have struggled to sell inventory and meet expectations on financial results - think Walmart (WMT) and Target (TGT) in thepast couple of months- CEO Tim Cook said, during Apple'smost recent earnings call, that \"there was no obvious evidence of macroeconomic impact during the June quarter besides FX\" within the iPhone and possibly Mac and iPad segments. A weakening economy, so far, has not meant soft demand for Apple's core products.Cash is a desirable asset during tough times, and Apple has proven to be very effective at producing and keeping it. Despite a still aggressive cash return program (see historical share repurchases and dividends below, the latter represented as a negative), Apple continues to hold over $70 billion in cash net of debt. This is more than 20% of total assets due, in part, to very tight working capital management helping to produce $93 billion in free cash flow last fiscal year, or about 25% of total revenues. On the point of working capital dynamics, Apple's negativenet operating cycle(i.e., working capital liabilities like payables are larger than working capital assets) is a rare and impressive feat that effectively means that the company's operations are financed mostly by its suppliers.AAPL Stock Buybacks (Quarterly)data by YChartsWhen supply chains are as constrained as they have been, it helps to be theking of inventory management. Apple has substantial control over its suppliers, allowing the company to operate a very lean business model.In fiscal 2021, the total inventory balance amounted to an astonishingly low 3.4% of annual COGS. This is impressive for a consumer company that is still heavily dependent on the sale of physical products - 81% of the top line last year.AAPL is a buy and hold stockMake no mistake: Apple is an expensive stock by almost any measure. But because of the quality of the business and the management team, I believe that shares of the Cupertino-based company can both (1) continue to rise in the foreseeable future and (2) weather the deterioration of the global economies better than most of its peers.Being an Apple bear has never been too easy. More so now, I believe that skeptics might want to rethink their stance towards this stock and consider owning it for the long haul.","news_type":1},"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908603703,"gmtCreate":1659366686402,"gmtModify":1705979577202,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908603703","repostId":"2255791495","repostType":4,"repost":{"id":"2255791495","kind":"highlight","pubTimestamp":1659362810,"share":"https://ttm.financial/m/news/2255791495?lang=&edition=fundamental","pubTime":"2022-08-01 22:06","market":"us","language":"en","title":"Individual Investors Ramp Up Bets on Tech Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2255791495","media":"The Wall Street Journal","summary":"Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down.The Nasdaq Composite Index—home to the big tech stocks that propelled the mark","content":"<html><head></head><body><p>Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down.</p><p>The Nasdaq Composite Index—home to the big tech stocks that propelled the market’s decadelong rally—has fallen 21% in 2022.</p><p>Yet many of those stocks remain the most popular among individual investors who say they are confident in a rebound and expect the companies to continue powering the economy.</p><p>In late July, purchases by individual investors of a basket of popular tech stocks hit the highest level since at least 2014, according to data from Vanda Research. The basket includes the FAANG stocks—Facebook parent <a href=\"https://laohu8.com/S/META\">Meta Platforms Inc.</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a>, <a href=\"https://laohu8.com/S/NFLX\">Netflix Inc</a>, <a href=\"https://laohu8.com/S/GOOGL\">Alphabet Inc.</a>. <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc.</a>, <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp.</a>.</p><p>Interest in risky and leveraged funds tied to tech and stocks like <a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp.</a> has also swelled, a sign that investors have stepped in to play the wild swings in the shares.</p><p>It has been a fruitful bet for many. Tech stocks have been on the rebound of late, partly on investor hopes for a slower path of interest-rate increases in the months ahead. The Nasdaq gained 12% in July, its best month since April 2020, outperforming the broader S&amp;P 500, which rose 9.1%.</p><p>Yet many of those stocks remain the most popular among individual investors who say they are confident in a rebound and expect the companies to continue powering the economy.</p><p>“I’m extremely bullish on tech,” said Jerry Lee, a 27-year-old investor in New York who co-founded a startup that helps people find jobs. “The market is severely undervaluing how much tech can actually play into our lives.”</p><p>In coming days, investors will be parsing earnings reports from companies such as <a href=\"https://laohu8.com/S/AMD\">AMD</a> and <a href=\"https://laohu8.com/S/PYPL\">PayPal Holdings Inc.</a> for more clues about the market’s trajectory. Data on manufacturing and the jobs market are also on tap.</p><p>Mr. Lee said he recently stashed cash into a technology-focused fund that counts Apple and Nvidia among its biggest holdings, after years of pouring money into broad-based index funds. His experience working at firms such as Google has made him optimistic about the sector’s future, he said.</p><p>Even last week when many of the industry’s leaders, including Apple, Amazon and Alphabet, warned their growth is slowing, investors pushed the stocks higher and expressed confidence in the ability of the companies to withstand an uncertain economy. Apple logged its best month since August 2020, while Amazon finished its best month since October 2009, helped by a 10% jump in its shares on Friday alone.</p><p>Many investors also pounced on the tumble in shares of Facebook parent Meta Platforms. The stock was the top buy among individual investors on the Fidelity brokerage Thursday when it fell 5.2% in the wake of the social-media giant’s first-ever revenue drop. Tesla, Ford Motor Co. and leveraged exchange-traded funds tracking the tech-heavy Nasdaq-100 index were also widely traded that day.</p><p>Gabe Fisher, a 23-year-old investor near San Francisco, said he is holding on to stocks like Meta, Amazon and Alphabet.</p><p>“Even if these companies never grow at as fast of a pace, they’re still companies that are so relevant and so prevalent that I’m going to hold on to them,” Mr. Fisher said.</p><p>He said he also has a small position in Cathie Wood’s ARK Innovation Exchange-Traded Fund that he doesn’t plan to sell soon, even though the fund has lost more than half of its value this year.</p><p>Other investors have been turning to riskier corners of the market. Leveraged exchange-traded funds tracking tech have been the third- and fourth-most-popular ETFs for individual investors to buy this year, behind funds tracking the S&amp;P 500 and Nasdaq-100 indexes. These funds allow investors to make turbocharged bets on the market and can double or triple the daily return of a stock or index.</p><p>Many individual investors have also turned to the options market to bet on tech. Bullish bets that would pay out if Tesla shares rose have been among the most widely traded in the options market, according to Vanda. Individual traders have spent more on Tesla call options on an average day this year than on Amazon, Nvidia and options tied to the Invesco QQQ Trust combined, according to Vanda. The firm analyzed the average premium spent on options that are out-of-the-money, or far from where the shares are currently trading.</p><p>Jeff Durbin, a 59-year-old investor based in Naples, Fla., said he regrets missing out on buying big tech stocks decades ago.</p><p>He has scooped up shares of companies like artificial intelligence firm <a href=\"https://laohu8.com/S/UPST\">Upstart Holdings Inc.</a> and <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>—and hung on despite their sharp swings. Shopify, for example, dropped 14% in a single session last week as it said it would cut about 10% of its global workforce. “It’s painful, but I missed out on things like Amazon and Netflix when they were cheap,” Mr. Durbin said. “Who is going to be the Amazon and Apple 20 years from now?”</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Individual Investors Ramp Up Bets on Tech Stocks</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\">\nIndividual Investors Ramp Up Bets on Tech Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-01 22:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/individual-investors-ramp-up-bets-on-tech-stocks-11659221897?mod=business_minor_pos7><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down.The Nasdaq Composite Index—home to the big tech stocks that propelled the ...</p>\n\n<a href=\"https://www.wsj.com/articles/individual-investors-ramp-up-bets-on-tech-stocks-11659221897?mod=business_minor_pos7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","AMZN":"亚马逊","GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.wsj.com/articles/individual-investors-ramp-up-bets-on-tech-stocks-11659221897?mod=business_minor_pos7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2255791495","content_text":"Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down.The Nasdaq Composite Index—home to the big tech stocks that propelled the market’s decadelong rally—has fallen 21% in 2022.Yet many of those stocks remain the most popular among individual investors who say they are confident in a rebound and expect the companies to continue powering the economy.In late July, purchases by individual investors of a basket of popular tech stocks hit the highest level since at least 2014, according to data from Vanda Research. The basket includes the FAANG stocks—Facebook parent Meta Platforms Inc., Amazon, Apple Inc., Netflix Inc, Alphabet Inc.. Tesla Inc., Microsoft Corp..Interest in risky and leveraged funds tied to tech and stocks like Nvidia Corp. has also swelled, a sign that investors have stepped in to play the wild swings in the shares.It has been a fruitful bet for many. Tech stocks have been on the rebound of late, partly on investor hopes for a slower path of interest-rate increases in the months ahead. The Nasdaq gained 12% in July, its best month since April 2020, outperforming the broader S&P 500, which rose 9.1%.Yet many of those stocks remain the most popular among individual investors who say they are confident in a rebound and expect the companies to continue powering the economy.“I’m extremely bullish on tech,” said Jerry Lee, a 27-year-old investor in New York who co-founded a startup that helps people find jobs. “The market is severely undervaluing how much tech can actually play into our lives.”In coming days, investors will be parsing earnings reports from companies such as AMD and PayPal Holdings Inc. for more clues about the market’s trajectory. Data on manufacturing and the jobs market are also on tap.Mr. Lee said he recently stashed cash into a technology-focused fund that counts Apple and Nvidia among its biggest holdings, after years of pouring money into broad-based index funds. His experience working at firms such as Google has made him optimistic about the sector’s future, he said.Even last week when many of the industry’s leaders, including Apple, Amazon and Alphabet, warned their growth is slowing, investors pushed the stocks higher and expressed confidence in the ability of the companies to withstand an uncertain economy. Apple logged its best month since August 2020, while Amazon finished its best month since October 2009, helped by a 10% jump in its shares on Friday alone.Many investors also pounced on the tumble in shares of Facebook parent Meta Platforms. The stock was the top buy among individual investors on the Fidelity brokerage Thursday when it fell 5.2% in the wake of the social-media giant’s first-ever revenue drop. Tesla, Ford Motor Co. and leveraged exchange-traded funds tracking the tech-heavy Nasdaq-100 index were also widely traded that day.Gabe Fisher, a 23-year-old investor near San Francisco, said he is holding on to stocks like Meta, Amazon and Alphabet.“Even if these companies never grow at as fast of a pace, they’re still companies that are so relevant and so prevalent that I’m going to hold on to them,” Mr. Fisher said.He said he also has a small position in Cathie Wood’s ARK Innovation Exchange-Traded Fund that he doesn’t plan to sell soon, even though the fund has lost more than half of its value this year.Other investors have been turning to riskier corners of the market. Leveraged exchange-traded funds tracking tech have been the third- and fourth-most-popular ETFs for individual investors to buy this year, behind funds tracking the S&P 500 and Nasdaq-100 indexes. These funds allow investors to make turbocharged bets on the market and can double or triple the daily return of a stock or index.Many individual investors have also turned to the options market to bet on tech. Bullish bets that would pay out if Tesla shares rose have been among the most widely traded in the options market, according to Vanda. Individual traders have spent more on Tesla call options on an average day this year than on Amazon, Nvidia and options tied to the Invesco QQQ Trust combined, according to Vanda. The firm analyzed the average premium spent on options that are out-of-the-money, or far from where the shares are currently trading.Jeff Durbin, a 59-year-old investor based in Naples, Fla., said he regrets missing out on buying big tech stocks decades ago.He has scooped up shares of companies like artificial intelligence firm Upstart Holdings Inc. and Shopify Inc—and hung on despite their sharp swings. Shopify, for example, dropped 14% in a single session last week as it said it would cut about 10% of its global workforce. “It’s painful, but I missed out on things like Amazon and Netflix when they were cheap,” Mr. Durbin said. “Who is going to be the Amazon and Apple 20 years from now?”","news_type":1},"isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075072819,"gmtCreate":1658119179831,"gmtModify":1676536108601,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075072819","repostId":"1123306573","repostType":4,"repost":{"id":"1123306573","kind":"news","pubTimestamp":1658202743,"share":"https://ttm.financial/m/news/1123306573?lang=&edition=fundamental","pubTime":"2022-07-19 11:52","market":"us","language":"en","title":"3 Dangerous Dow Stocks to Sell Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1123306573","media":"InvestorPlace","summary":"Sticky inflation and recession fears are sending shockwaves through the stock market. Here are three","content":"<html><head></head><body><ul><li>Sticky inflation and recession fears are sending shockwaves through the stock market. Here are three vulnerable Dow stocks to sell before the beating worsens.</li><li><b>Goldman Sachs</b>(<b><u>GS</u></b>): Bank earnings have begun with underwhelming results. Goldman is next on the chopping block.</li><li><b>Caterpillar</b>(<b><u>CAT</u></b>): The commodity unwind has taken cyclical stocks to the woodshed.</li><li><b>Walgreens Boots Alliance</b>(<b><u>WBA</u></b>): Walgreens shares have been sinking for seven years and look terrible after last month&#39;s earnings report.</li></ul><p>Inflation stormed the stage again this week with a pair of hotter-than-expected reports for June. The news had investors rushing the exits as odds of a 1% rate hike at the Federal Reserve’s next meeting surged past 50%. Emboldened bears have returned, and the backdrop for risk assets is as treacherous as ever. While some Dow stocks are holding firm against the onslaught, many look terrible. Today I’m featuring three dangerous Dow stocks to sell now.</p><p>They all suffer from relative weakness and boast some of the worst price charts of all the giants that call the <b>Dow Jones Industrial Average</b> home. The thing with underperformance is it tends to feed on itself. Would-be buyers often steer clear in favor of stronger stocks that offer cleaner trends and easier upside. After analyzing the daily and weekly time frames, these were the three worst-lookers of the bunch.</p><p><b>Goldman Sachs (GS)</b><img src=\"https://static.tigerbbs.com/1b9186086a7a23dfa23d99846d261759\" tg-width=\"1856\" tg-height=\"855\" referrerpolicy=\"no-referrer\"/>Source: The thinkorswim® platform from TD Ameritrade</p><p><b>JPMorgan Chase</b>(NYSE:<b><u>JPM</u></b>) kicked off bank earnings with an underwhelming report on Thursday that had the banking giant off 5%. The negative commentary from CEO Jamie Dimon regarding the economy’s prospects didn’t help either. I think <b>Goldman Sachs</b>(NYSE:<b><u>GS</u></b>) could be next on the chopping block. Shares slipped alongside JPM stock but still have plenty of room to fall before giving back all of the post-pandemic gains.</p><p>The leading investment bank is scheduled to report earnings on Monday morning, but given the issues weighing on asset values, it’s unlikely GS will fare any better than its predecessor. Recessions aren’t known for their kindness to banks.</p><p>On the price front, GS is in a consistent daily downtrend below all moving averages. The weekly 200-day moving average beckons as the next stop at $265.</p><p><b>Caterpillar (CAT)</b><img src=\"https://static.tigerbbs.com/e1a6df5e403b4dacd10e181912894b36\" tg-width=\"1855\" tg-height=\"853\" referrerpolicy=\"no-referrer\"/>Source: The thinkorswim® platform from TD Ameritrade</p><p>I can think of three reasons to abandon<b>Caterpillar</b>(NYSE:<b><u>CAT</u></b>). First, it’s one of the messiest movers in the Dow. The price chart is riddled with gaps and sharp moves in both directions, giving little edge to traders. Second, it’s suffered alongside the recent fallout in basic materials and commodities. Just over one month ago, it was nearing its 52-week high. Now, after falling virtually every day since, prices have cracked significant support, completed a topping pattern and notched a 52-week low. The turnaround has left heaps of resistance overhead to thwart future recovery attempts.</p><p>Third, the sudden shift away from commodities has taken and will continue to take a toll on cyclical stocks like Cat and <b>Deere</b>(NYSE:<b><u>DE</u></b>). Recessions are their kryptonite. While prices are extremely oversold in the short run, and a bounce could be in store, I suggest selling in the strength and revisiting CAT later when things have improved.</p><p><b>Walgreens Boots Alliance (WBA)</b><img src=\"https://static.tigerbbs.com/ff66a1d400bf78b8ba00f4bb7ba99f79\" tg-width=\"1856\" tg-height=\"856\" referrerpolicy=\"no-referrer\"/>Source: The thinkorswim® platform from TD Ameritrade</p><p>Today’s final contender for dangerous Dow stocks to sell is <b>Walgreens Boots Alliance</b>(NASDAQ:<b><u>WBA</u></b>). Most large-cap stocks were flourishing before this year’s reversal of fortune. Walgreens wasn’t one of them. Over the past seven years, the wellness store has suffered in good times and bad. Shares peaked in 2015 at $97.30 and have since crumbled by 62%.</p><p>This year’s descent gives little hope for an end to the spiral. Distribution days litter the chart, and prices were torched following last month’s earnings announcement. WBA failed to rebound alongside the rest of the market recently and fell to a 52-week low on Thursday amid increasing volume.</p><p>Look for prices to fall to the 2020 lows near $33.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Dangerous Dow Stocks to Sell Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Dangerous Dow Stocks to Sell Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-19 11:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/dow-stocks-to-sell/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sticky inflation and recession fears are sending shockwaves through the stock market. Here are three vulnerable Dow stocks to sell before the beating worsens.Goldman Sachs(GS): Bank earnings have ...</p>\n\n<a href=\"https://investorplace.com/dow-stocks-to-sell/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAT":"卡特彼勒","WBA":"沃尔格林联合博姿","GS":"高盛"},"source_url":"https://investorplace.com/dow-stocks-to-sell/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123306573","content_text":"Sticky inflation and recession fears are sending shockwaves through the stock market. Here are three vulnerable Dow stocks to sell before the beating worsens.Goldman Sachs(GS): Bank earnings have begun with underwhelming results. Goldman is next on the chopping block.Caterpillar(CAT): The commodity unwind has taken cyclical stocks to the woodshed.Walgreens Boots Alliance(WBA): Walgreens shares have been sinking for seven years and look terrible after last month's earnings report.Inflation stormed the stage again this week with a pair of hotter-than-expected reports for June. The news had investors rushing the exits as odds of a 1% rate hike at the Federal Reserve’s next meeting surged past 50%. Emboldened bears have returned, and the backdrop for risk assets is as treacherous as ever. While some Dow stocks are holding firm against the onslaught, many look terrible. Today I’m featuring three dangerous Dow stocks to sell now.They all suffer from relative weakness and boast some of the worst price charts of all the giants that call the Dow Jones Industrial Average home. The thing with underperformance is it tends to feed on itself. Would-be buyers often steer clear in favor of stronger stocks that offer cleaner trends and easier upside. After analyzing the daily and weekly time frames, these were the three worst-lookers of the bunch.Goldman Sachs (GS)Source: The thinkorswim® platform from TD AmeritradeJPMorgan Chase(NYSE:JPM) kicked off bank earnings with an underwhelming report on Thursday that had the banking giant off 5%. The negative commentary from CEO Jamie Dimon regarding the economy’s prospects didn’t help either. I think Goldman Sachs(NYSE:GS) could be next on the chopping block. Shares slipped alongside JPM stock but still have plenty of room to fall before giving back all of the post-pandemic gains.The leading investment bank is scheduled to report earnings on Monday morning, but given the issues weighing on asset values, it’s unlikely GS will fare any better than its predecessor. Recessions aren’t known for their kindness to banks.On the price front, GS is in a consistent daily downtrend below all moving averages. The weekly 200-day moving average beckons as the next stop at $265.Caterpillar (CAT)Source: The thinkorswim® platform from TD AmeritradeI can think of three reasons to abandonCaterpillar(NYSE:CAT). First, it’s one of the messiest movers in the Dow. The price chart is riddled with gaps and sharp moves in both directions, giving little edge to traders. Second, it’s suffered alongside the recent fallout in basic materials and commodities. Just over one month ago, it was nearing its 52-week high. Now, after falling virtually every day since, prices have cracked significant support, completed a topping pattern and notched a 52-week low. The turnaround has left heaps of resistance overhead to thwart future recovery attempts.Third, the sudden shift away from commodities has taken and will continue to take a toll on cyclical stocks like Cat and Deere(NYSE:DE). Recessions are their kryptonite. While prices are extremely oversold in the short run, and a bounce could be in store, I suggest selling in the strength and revisiting CAT later when things have improved.Walgreens Boots Alliance (WBA)Source: The thinkorswim® platform from TD AmeritradeToday’s final contender for dangerous Dow stocks to sell is Walgreens Boots Alliance(NASDAQ:WBA). Most large-cap stocks were flourishing before this year’s reversal of fortune. Walgreens wasn’t one of them. Over the past seven years, the wellness store has suffered in good times and bad. Shares peaked in 2015 at $97.30 and have since crumbled by 62%.This year’s descent gives little hope for an end to the spiral. Distribution days litter the chart, and prices were torched following last month’s earnings announcement. WBA failed to rebound alongside the rest of the market recently and fell to a 52-week low on Thursday amid increasing volume.Look for prices to fall to the 2020 lows near $33.","news_type":1},"isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075076705,"gmtCreate":1658119145207,"gmtModify":1676536108585,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075076705","repostId":"1176257132","repostType":4,"repost":{"id":"1176257132","kind":"news","pubTimestamp":1658116148,"share":"https://ttm.financial/m/news/1176257132?lang=&edition=fundamental","pubTime":"2022-07-18 11:49","market":"hk","language":"en","title":"Alibaba: A Qualitative Breakdown Of $500 Billion In Disappeared Market Cap","url":"https://stock-news.laohu8.com/highlight/detail?id=1176257132","media":"Seeking Alpha","summary":"SummaryBABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020.This artic","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>BABA has lost two-thirds (&gt;$500 billion) in market cap since its peak in late 2020.</li><li>This article will break down the lost $500 bn into qualitative components:(i) lower profitability, (ii) slower growth, and (iii) higher risk premiums / required rates of returns by investors.</li><li>Current market valuations are effectively assuming these effects will persist into perpetuity.</li><li>Out of the three, lower profitability is likely reflective of a structural shift, but the other two may prove temporary and could change with time.</li></ul><p>NYSE:BABA has lost two-thirds (&gt;$500 billion) in market cap since its peak in late 2020. This article will review the tangible economic effects of the SAMR’s anticompetition policies on BABA’s business performance, including: (i) lower profitability, (ii) slower growth and (iii) higher risk premiums / required rates of returns by investors. Current market valuations are effectively assuming these effects will persist into perpetuity. Out of the three, lower profitability is likely reflective of a structural shift, but the other two may prove to be temporary and could change with time.</p><p><b>Lower profitability</b></p><p>A direct consequence of SAMR’s rules was to tilt the market landscape in favour of number two and smaller players relative to the incumbent. Indeed, management have repeatedly mentioned “increased competition” impacting the company’s core e-commerce segment on earnings calls since the regulatory shakeout.</p><p>To cope, (as well as to proactively portray the image of a good socially-responsible corporate citizen in front of government authorities), BABA is forced to:</p><ol><li>Provide more subsidies to merchants and partners (effectively discounted pricing)</li><li>Step up investment, either in the form of direct sales and marketing dollars or “strategic initiatives” investment</li></ol><p>This has resulted in EBITA margins dropping from 27% (average of 8 quarters leading up to the quarter ending Dec 2020 (3QFY21)) to 16% (average of 4 quarters leading up to the quarter ending Dec 2021 (3QFY22)).</p><p><img src=\"https://static.tigerbbs.com/ec9f30c463d38d513f90511dd9539909\" tg-width=\"640\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Company filings</p><p>Looking back to early 2018, EBITA margins similarly dropped drastically from 40% to 30% when the company first launched its “new retail” initiative and remained at that lower level since. Similarly, BABA’s current investments in strategic initiatives reflect structural changes to the company’s business mix, and the most recent gap-down in margins may be here to stay.</p><p><b>Slower Growth</b></p><p>I include slowing growth as one of the economic effects resulting from SAMR’s anticompetition policies, but anticompetitive regulations drag on BABA’s growth only to the extent that they pressure BABA to reduce merchant fees (mentioned in point 1 under &#34;Lower Profitability&#34; above), which result in customer management revenue growing slower than GMV growth.</p><p>Given BABA’s 950 million annual active consumers covers two-thirds of the country’s 1.4 billion population, it is inevitable that the company’s growth trajectory will be affected by the macroeconomic picture, and this is regardless of what SAMR does and says. I review the latest macro indicators and then express my thoughts on how I view these levels of growth rates.</p><p>Beijing is targeting 5.5% annual GDP growth for 2022, but with first half growth at 2.5%, most analysts / economists do not expect that to be achieved. The marked deceleration was in 2Q when numerous cities implemented anti-virus curbs starting in March, in line with the country’s zero tolerance towards COVID. 2Q 2022 GDP growth was 0.4% YoY, barely escaping a contraction, and is below the 1.2% forecast by economists, and down from the 4.8% recorded in 1Q 2022.</p><p><img src=\"https://static.tigerbbs.com/a49500b570f0b72087f0d81447c59ab9\" tg-width=\"640\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/></p><p>Financial Times</p><p>As far as BABA is concerned, a more relevant metric is perhaps retail sales growth. BABA’s growth in retail GMV and GTV (combined) have slowed from 20% to 30% before 2019 to an average of 14% in 2021 (average of 4 quarters from Mar 2021 (4QFY21) to Dec 2021 (3QFY22)). A rough graph plotting that against the index of YoY change in China Retail Sales Value suggests a certain degree of correlation between the two. Retail sales over 4Q 2021 was USD 1.9 trillion, a paltry 7% increase over 4Q 2020 (even with the Singles Day shopping festival in November). BABA is due to report 1Q 2023 results around August (so there is no company GMV / GTV datapoints yet for 2022) but I note that China retail sales growth was negative for 3 out of the first 6 months of 2022.</p><p><img src=\"https://static.tigerbbs.com/0830e999c0b3c721cb9eace36437be38\" tg-width=\"640\" tg-height=\"440\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg, BABA company filings</p><p>Even though there is a lot of talk about China growth being “slowest in three decades” etc., I propose to frame the picture in another way. China population (1.4 billion) is slightly more than 4 times that of US (320 million). Intuitively, that implies that when the average Chinese is one-quarter as rich as the average American*, their consumption economy will be same size as that of US. In other words, there is a long runway for growth, provided that China is able to shift from “easy” growth (large-scale infrastructure projects) to quality growth (improved labour productivity, technological advancements, etc.). If so, then even after the Chinese consumption economy catches up with that of the US in terms of absolute size, there is still the differential between income per capita to bridge.</p><p><i>*The average Chinese is less than one-quarter as well off as the average American. As of 2021, China constant GDP per capita was$11,200vs US constant GDP per capita of$61,280according to data from the St Louis Fed.</i></p><p><b>Higher risk premiums / required rates of return</b></p><p>Most people are likely to agree that the stock is currently trading at an undervaluation, regardless of whether you are a BABA fan or not. Lower profitability and slower growth are two explaining factors, but they seem insufficient to fully account for such a large gap - $500 billion is <b>a lot</b>. The last component is higher risk premiums / required rates of returns by investors. This is what people call the “unknowns”, “uncertainties”, or CCP wildcard risk, hanging over the stock, which should be thought of scientifically as risk premiums (multiple compression in some ways is the flip side of the same coin) instead of some elusive construct. Investors are spooked and they need higher required returns to compensate.</p><p><b>Closing Remarks</b></p><p>Companies can survive, and even thrive, following intense regulatory cycles. Take the Dodd-Frank Act as example, the introduction of close to 28,000 new rules and restrictions curtailed banks’ revenue pools, doubled their capital requirements and compliance costs. On the upside, in the years following the passage of Dodd-Frank, banks restructured, changed their business mix, became more efficient, learned to optimize capital, and developed new competitive edges in areas of technology and marketing. This regulatory adaptation separated the winners from the losers. Starting in 2013, a few large bank stocks went on to significantly beat the broader market over the rest of the decade. In BABA’s case, the market has reacted to the 2020-2021 developments as if they are killer blows to the company, when instead they are more catalysts for change.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: A Qualitative Breakdown Of $500 Billion In Disappeared Market Cap</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\">\nAlibaba: A Qualitative Breakdown Of $500 Billion In Disappeared Market Cap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-18 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4523786-baba-a-qualitative-breakdown-of-500-billion-in-disappeared-market-cap><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryBABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020.This article will break down the lost $500 bn into qualitative components:(i) lower profitability, (ii) slower...</p>\n\n<a href=\"https://seekingalpha.com/article/4523786-baba-a-qualitative-breakdown-of-500-billion-in-disappeared-market-cap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4523786-baba-a-qualitative-breakdown-of-500-billion-in-disappeared-market-cap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176257132","content_text":"SummaryBABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020.This article will break down the lost $500 bn into qualitative components:(i) lower profitability, (ii) slower growth, and (iii) higher risk premiums / required rates of returns by investors.Current market valuations are effectively assuming these effects will persist into perpetuity.Out of the three, lower profitability is likely reflective of a structural shift, but the other two may prove temporary and could change with time.NYSE:BABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020. This article will review the tangible economic effects of the SAMR’s anticompetition policies on BABA’s business performance, including: (i) lower profitability, (ii) slower growth and (iii) higher risk premiums / required rates of returns by investors. Current market valuations are effectively assuming these effects will persist into perpetuity. Out of the three, lower profitability is likely reflective of a structural shift, but the other two may prove to be temporary and could change with time.Lower profitabilityA direct consequence of SAMR’s rules was to tilt the market landscape in favour of number two and smaller players relative to the incumbent. Indeed, management have repeatedly mentioned “increased competition” impacting the company’s core e-commerce segment on earnings calls since the regulatory shakeout.To cope, (as well as to proactively portray the image of a good socially-responsible corporate citizen in front of government authorities), BABA is forced to:Provide more subsidies to merchants and partners (effectively discounted pricing)Step up investment, either in the form of direct sales and marketing dollars or “strategic initiatives” investmentThis has resulted in EBITA margins dropping from 27% (average of 8 quarters leading up to the quarter ending Dec 2020 (3QFY21)) to 16% (average of 4 quarters leading up to the quarter ending Dec 2021 (3QFY22)).Company filingsLooking back to early 2018, EBITA margins similarly dropped drastically from 40% to 30% when the company first launched its “new retail” initiative and remained at that lower level since. Similarly, BABA’s current investments in strategic initiatives reflect structural changes to the company’s business mix, and the most recent gap-down in margins may be here to stay.Slower GrowthI include slowing growth as one of the economic effects resulting from SAMR’s anticompetition policies, but anticompetitive regulations drag on BABA’s growth only to the extent that they pressure BABA to reduce merchant fees (mentioned in point 1 under \"Lower Profitability\" above), which result in customer management revenue growing slower than GMV growth.Given BABA’s 950 million annual active consumers covers two-thirds of the country’s 1.4 billion population, it is inevitable that the company’s growth trajectory will be affected by the macroeconomic picture, and this is regardless of what SAMR does and says. I review the latest macro indicators and then express my thoughts on how I view these levels of growth rates.Beijing is targeting 5.5% annual GDP growth for 2022, but with first half growth at 2.5%, most analysts / economists do not expect that to be achieved. The marked deceleration was in 2Q when numerous cities implemented anti-virus curbs starting in March, in line with the country’s zero tolerance towards COVID. 2Q 2022 GDP growth was 0.4% YoY, barely escaping a contraction, and is below the 1.2% forecast by economists, and down from the 4.8% recorded in 1Q 2022.Financial TimesAs far as BABA is concerned, a more relevant metric is perhaps retail sales growth. BABA’s growth in retail GMV and GTV (combined) have slowed from 20% to 30% before 2019 to an average of 14% in 2021 (average of 4 quarters from Mar 2021 (4QFY21) to Dec 2021 (3QFY22)). A rough graph plotting that against the index of YoY change in China Retail Sales Value suggests a certain degree of correlation between the two. Retail sales over 4Q 2021 was USD 1.9 trillion, a paltry 7% increase over 4Q 2020 (even with the Singles Day shopping festival in November). BABA is due to report 1Q 2023 results around August (so there is no company GMV / GTV datapoints yet for 2022) but I note that China retail sales growth was negative for 3 out of the first 6 months of 2022.Bloomberg, BABA company filingsEven though there is a lot of talk about China growth being “slowest in three decades” etc., I propose to frame the picture in another way. China population (1.4 billion) is slightly more than 4 times that of US (320 million). Intuitively, that implies that when the average Chinese is one-quarter as rich as the average American*, their consumption economy will be same size as that of US. In other words, there is a long runway for growth, provided that China is able to shift from “easy” growth (large-scale infrastructure projects) to quality growth (improved labour productivity, technological advancements, etc.). If so, then even after the Chinese consumption economy catches up with that of the US in terms of absolute size, there is still the differential between income per capita to bridge.*The average Chinese is less than one-quarter as well off as the average American. As of 2021, China constant GDP per capita was$11,200vs US constant GDP per capita of$61,280according to data from the St Louis Fed.Higher risk premiums / required rates of returnMost people are likely to agree that the stock is currently trading at an undervaluation, regardless of whether you are a BABA fan or not. Lower profitability and slower growth are two explaining factors, but they seem insufficient to fully account for such a large gap - $500 billion is a lot. The last component is higher risk premiums / required rates of returns by investors. This is what people call the “unknowns”, “uncertainties”, or CCP wildcard risk, hanging over the stock, which should be thought of scientifically as risk premiums (multiple compression in some ways is the flip side of the same coin) instead of some elusive construct. Investors are spooked and they need higher required returns to compensate.Closing RemarksCompanies can survive, and even thrive, following intense regulatory cycles. Take the Dodd-Frank Act as example, the introduction of close to 28,000 new rules and restrictions curtailed banks’ revenue pools, doubled their capital requirements and compliance costs. On the upside, in the years following the passage of Dodd-Frank, banks restructured, changed their business mix, became more efficient, learned to optimize capital, and developed new competitive edges in areas of technology and marketing. This regulatory adaptation separated the winners from the losers. Starting in 2013, a few large bank stocks went on to significantly beat the broader market over the rest of the decade. In BABA’s case, the market has reacted to the 2020-2021 developments as if they are killer blows to the company, when instead they are more catalysts for change.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076487969,"gmtCreate":1657892714051,"gmtModify":1676536077936,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076487969","repostId":"1191680095","repostType":4,"repost":{"id":"1191680095","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1657891980,"share":"https://ttm.financial/m/news/1191680095?lang=&edition=fundamental","pubTime":"2022-07-15 21:33","market":"us","language":"en","title":"Dow Pops 400 Points As Wall Street Digests Fresh Batch of Bank Earnings, Strong Retail Sales","url":"https://stock-news.laohu8.com/highlight/detail?id=1191680095","media":"Tiger Newspress","summary":"U.S. stock futures popped on Friday as traders digested a fresh batch of bank earnings and retail sa","content":"<html><head></head><body><p>U.S. stock futures popped on Friday as traders digested a fresh batch of bank earnings and retail sales that came in ahead of expectations.</p><p>Dow Jones Industrial Average futures gained 354 points, or 1.16%. S&amp;P 500 jumped 1% and Nasdaq 100 futures added 0.85%.</p><p>A new round of bank results from Wells FargoandCitigroupoffered further insight into the state of the economy. Wells Fargo shares slipped more than 1% in the premarket as quarterly profits declined 48% and the bank set aside funds for bad loans.Citigroup added 3% as the bank beat estimates and benefitted from a rising rate environment.</p><p>A day earlier, investors combed through troubling reports from JPMorgan Chase and Morgan Stanley, which kicked off major bank earnings, and also weighed the likelihood of larger interest rate hikes from the Federal Reserve and looming recession concerns.</p><p>Shares of JPMorgan Chase dropped about 3.5%after the bank said it built up reserves for bad loans, and suspended share buybacks. Meanwhile, Morgan Stanley’s stock declined 0.4% after reporting weaker-than-expected investment banking revenue.</p><p>“I don’t have a lot of bullishness on our ability to grow earnings in this environment,” G Squared Private Wealth CIO Victoria Greene said Thursday on CNBC’s “Closing Bell: Overtime.” “I don’t think it was bad or tragic, you know, but I think unfortunately, this earnings season, any miss on earnings or margins is going to be punished and any actual beats may actually be picked apart.”</p><p>June retail sales came in ahead of expectations on Friday, rising 1% on a monthly basis and ahead of Dow Jones’ estimate of 0.9% and indicating that consumers are bolstering retail spending even as inflation hits record highs.</p><p>In corporate news, Pinterest shares surged 14% following a Wall Street Journal report that said activist investor Elliott Management took a stake of more than 9% in the social media company.</p><p>Wall Street is coming off a mixed session, with the Dow dropping nearly 0.5% on Tuesday. The S&amp;P 500 dipped 0.3%, and the Nasdaq Composite inched 0.03% higher.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Pops 400 Points As Wall Street Digests Fresh Batch of Bank Earnings, Strong Retail Sales</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\">\nDow Pops 400 Points As Wall Street Digests Fresh Batch of Bank Earnings, Strong Retail Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-07-15 21:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures popped on Friday as traders digested a fresh batch of bank earnings and retail sales that came in ahead of expectations.</p><p>Dow Jones Industrial Average futures gained 354 points, or 1.16%. S&amp;P 500 jumped 1% and Nasdaq 100 futures added 0.85%.</p><p>A new round of bank results from Wells FargoandCitigroupoffered further insight into the state of the economy. Wells Fargo shares slipped more than 1% in the premarket as quarterly profits declined 48% and the bank set aside funds for bad loans.Citigroup added 3% as the bank beat estimates and benefitted from a rising rate environment.</p><p>A day earlier, investors combed through troubling reports from JPMorgan Chase and Morgan Stanley, which kicked off major bank earnings, and also weighed the likelihood of larger interest rate hikes from the Federal Reserve and looming recession concerns.</p><p>Shares of JPMorgan Chase dropped about 3.5%after the bank said it built up reserves for bad loans, and suspended share buybacks. Meanwhile, Morgan Stanley’s stock declined 0.4% after reporting weaker-than-expected investment banking revenue.</p><p>“I don’t have a lot of bullishness on our ability to grow earnings in this environment,” G Squared Private Wealth CIO Victoria Greene said Thursday on CNBC’s “Closing Bell: Overtime.” “I don’t think it was bad or tragic, you know, but I think unfortunately, this earnings season, any miss on earnings or margins is going to be punished and any actual beats may actually be picked apart.”</p><p>June retail sales came in ahead of expectations on Friday, rising 1% on a monthly basis and ahead of Dow Jones’ estimate of 0.9% and indicating that consumers are bolstering retail spending even as inflation hits record highs.</p><p>In corporate news, Pinterest shares surged 14% following a Wall Street Journal report that said activist investor Elliott Management took a stake of more than 9% in the social media company.</p><p>Wall Street is coming off a mixed session, with the Dow dropping nearly 0.5% on Tuesday. The S&amp;P 500 dipped 0.3%, and the Nasdaq Composite inched 0.03% higher.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191680095","content_text":"U.S. stock futures popped on Friday as traders digested a fresh batch of bank earnings and retail sales that came in ahead of expectations.Dow Jones Industrial Average futures gained 354 points, or 1.16%. S&P 500 jumped 1% and Nasdaq 100 futures added 0.85%.A new round of bank results from Wells FargoandCitigroupoffered further insight into the state of the economy. Wells Fargo shares slipped more than 1% in the premarket as quarterly profits declined 48% and the bank set aside funds for bad loans.Citigroup added 3% as the bank beat estimates and benefitted from a rising rate environment.A day earlier, investors combed through troubling reports from JPMorgan Chase and Morgan Stanley, which kicked off major bank earnings, and also weighed the likelihood of larger interest rate hikes from the Federal Reserve and looming recession concerns.Shares of JPMorgan Chase dropped about 3.5%after the bank said it built up reserves for bad loans, and suspended share buybacks. Meanwhile, Morgan Stanley’s stock declined 0.4% after reporting weaker-than-expected investment banking revenue.“I don’t have a lot of bullishness on our ability to grow earnings in this environment,” G Squared Private Wealth CIO Victoria Greene said Thursday on CNBC’s “Closing Bell: Overtime.” “I don’t think it was bad or tragic, you know, but I think unfortunately, this earnings season, any miss on earnings or margins is going to be punished and any actual beats may actually be picked apart.”June retail sales came in ahead of expectations on Friday, rising 1% on a monthly basis and ahead of Dow Jones’ estimate of 0.9% and indicating that consumers are bolstering retail spending even as inflation hits record highs.In corporate news, Pinterest shares surged 14% following a Wall Street Journal report that said activist investor Elliott Management took a stake of more than 9% in the social media company.Wall Street is coming off a mixed session, with the Dow dropping nearly 0.5% on Tuesday. The S&P 500 dipped 0.3%, and the Nasdaq Composite inched 0.03% higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071641130,"gmtCreate":1657527462220,"gmtModify":1676536020460,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071641130","repostId":"1164092479","repostType":4,"repost":{"id":"1164092479","kind":"news","pubTimestamp":1657553305,"share":"https://ttm.financial/m/news/1164092479?lang=&edition=fundamental","pubTime":"2022-07-11 23:28","market":"us","language":"en","title":"Tesla: The Last Bubble Standing","url":"https://stock-news.laohu8.com/highlight/detail?id=1164092479","media":"Seeking Alpha","summary":"SummaryAs the market crumbles around it, the enthusiasm for Tesla is unwavering. With a 1% earnings ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>As the market crumbles around it, the enthusiasm for Tesla is unwavering. With a 1% earnings yield, Tesla is the last bubble standing.</li><li>Elon Musk’s diverted focus is not good news for AI and autonomous drive. He’s been selling stock hand-over-fist.</li><li>In the next recession, Tesla&#39;s earnings will likely decline, and the bubble will go &#34;pop.&#34; We&#39;ll dig into why we see a lost decade ahead for TSLA.</li></ul><p><b>The Thesis</b></p><p>Tesla (NASDAQ:TSLA) has captured the minds of investors the world over. The company has become more of a gambling machine than an investment; in 2021, TSLA was the most traded stock among retail investors.</p><p><img src=\"https://static.tigerbbs.com/1e3d4b7cda76da9b0147473895a518c9\" tg-width=\"1040\" tg-height=\"1088\" referrerpolicy=\"no-referrer\"/></p><p>Most Traded Stocks (Degiro)</p><p>So why is Tesla not crumbling entirely in the face of this bear market? Well, autos are still riding an all-time hot wave of sales, and investors aren&#39;t pricing in the cyclicality of earnings. In a deep recession, Tesla&#39;s earnings can and likely will decline, along with all other automakers. At which time, the air will come out of Tesla&#39;s stock.</p><p><b>Autos vs. Recession</b></p><p>Recessions get nasty for auto manufacturers. History has shown that it doesn&#39;t matter who you are, when big recessions hit, auto earnings not only decline but usually go negative in this capital-intensive industry. In 2009, auto manufacturers got absolutely crushed, reporting negative net income across the board:</p><p><img src=\"https://static.tigerbbs.com/178b4e4d53d206f47912083db8e6b7ea\" tg-width=\"635\" tg-height=\"450\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>You may ask, &#34;What about the recession of 2020?&#34; Well, 2020 was unlike any recession in the past. The government sent out so many stimulus checks, that consumers&#39; bank accounts actually ballooned. Combined with the lowest interest rates in 5000 years, buying a $50,000 car became more affordable than ever.</p><p><img src=\"https://static.tigerbbs.com/8dea3cc478a3fb47133524908183cc64\" tg-width=\"786\" tg-height=\"565\" referrerpolicy=\"no-referrer\"/></p><p>Cash Balances of American Consumers (RSM)</p><p><b>Disconnected Management</b></p><p>As the bubble booms on, Elon Musk has beensellingTesla shares hand-over-fist, with excuses like this:</p><p><img src=\"https://static.tigerbbs.com/3740aa3afe71aa226eca83a1d035e273\" tg-width=\"1200\" tg-height=\"546\" referrerpolicy=\"no-referrer\"/></p><p>Elon Musk Tweet (Bloomberg)</p><p>This is not what we like to see from our CEO. To be fair to Musk, he did tweet this back in 2020, when the stock was at $140 per share:</p><p><img src=\"https://static.tigerbbs.com/7a940e22f55a558f3d8e8d882e91469a\" tg-width=\"602\" tg-height=\"334\" referrerpolicy=\"no-referrer\"/></p><p>Elon Musk Tweet (Quora)</p><p>TSLA currently has a 1% earnings yield on what is likely an industry peak. It appears to us that Elon&#39;s getting out.</p><p>With the proceeds, Musk is attempting to buy Twitter (TWTR) outright. Keep in mind that Musk is not only focusing his time and attention on this, but to SpaceX, which is arguably a more promising business. The space industry is projected to reach $1 trillion in revenue by 2040.</p><p><b>A Fundamental Look At Tesla&#39;s Growth</b></p><p>Tesla is going global and getting closer to its customer base, with new factories in Shanghai, China, as well as Berlin, Germany. You would think this move would expand Tesla&#39;s market share. But from 2020 to 2021, Tesla&#39;s global market share actually shrank from17%to just under14%.</p><p>Competition is coming from everywhere. With a 14% market share, Tesla is more likely to lose share than to gain it. Companies like Honda (HMC) (OTCPK:HNDAF), BMW (OTCPK:BMWYY), Ford (F), GM (GM), Hyundai (OTCPK:HYMTF), Jaguar, Kia (OTCPK:KIMTF), Mazda (OTCPK:MZDAY) (OTCPK:MZDAF), Mercedes (OTCPK:DDAIF) (OTCPK:DMLRY), Mitsubishi, Nissan (OTCPK:NSANY) (OTCPK:NSANF), Stellantis (STLA), Subaru (OTCPK:FUJHY) (OTCPK:FUJHF), Toyota (TM) (OTCPK:TOYOF), Volkswagen (OTCPK:VWAGY) (OTCPK:VLKAF) (OTCPK:VWAPY), and Volvo (OTCPK:VOLAF) (OTCPK:VLVLY) (OTCPK:VOLVF) are all adding EVs to their lineups. Many of these companies have strong and entrenched brands and are partnering with EV titans like BYD (OTCPK:BYDDF). On top of that, they&#39;re producing EVs that are more affordable for the average consumer.</p><p><img src=\"https://static.tigerbbs.com/78163ed4a8e14f033b94ab5f7ab5ba04\" tg-width=\"664\" tg-height=\"701\" referrerpolicy=\"no-referrer\"/></p><p>Global EV Market Share (Statista)</p><p>Tesla&#39;s margins could also decrease. A cooler economy, increased competition, and used EVs coming online means the price of buying an EV could actually fall over time. Tesla&#39;s benefited from government credits, but these credits could dissipate now that EV companies like Tesla are profitable and highly valued.</p><p>To understand where Tesla is going, we need to understand where the industry is going. The number of electric vehicles sold globally is projected to grow at 17.5% per annum through to 2030. Tesla&#39;s energy business has grown revenue at21% per annum over the past 3 years.</p><p>95% of Tesla&#39;s revenue still comes from the automotive arm:</p><p><img src=\"https://static.tigerbbs.com/27d7141d89fbc6299c4d310ef0e3a6d2\" tg-width=\"1268\" tg-height=\"344\" referrerpolicy=\"no-referrer\"/></p><p>Tesla&#39;s Revenue Breakdown (2021 Annual Report)</p><p>Given the market share, margins, and industry risks, we estimate Tesla will simply match the growth of global EV sales, growing 17.5% per annum. The energy business should continue to grow and become profitable, which will partially make up for the issues cited above.</p><p><b>The Valuation</b></p><p>Our 2032 price target for TSLA is $683 per share, indicating a return of 0% per annum, with no dividends.</p><ul><li>Tesla has earnings of $7.78 per share, giving it a PE of nearly 100. If Tesla&#39;s EPS should grow at 17.5% per annum, we get 2032 earnings of $39 per share. While the typical car company trades at just 10x normalized earnings, Tesla continues to benefit from the transition to EVs, and should have a more prominent footprint in clean energy generation and storage in 2032. We&#39;ve applied a terminal multiple of 17.5x earnings, which is a 75% premium to the average car company. Remember, the auto business is cyclical, competitive, and prone to bankruptcy. It&#39;s difficult to justify a higher multiple unless our risks to the thesis play out.</li></ul><p><b>Risks To The Thesis</b></p><p>Tesla&#39;s future is very up in the air. Elon Musk has all sorts of stories for investors revolving around autonomous drive, robotics, ride-sharing, and artificial intelligence. However, we do not yet have substantial revenues from Musk&#39;s many grand ideas. When those revenues do materialize, the businesses are likely to be loss-making, much like TSLA&#39;s energy business thus far. Competition will be strong in these fields. Autonomous drive, for instance, has attracted competition from Microsoft (MSFT), Alphabet (GOOG) (GOOGL), Uber (UBER), General Motors, Nvidia (NVDA), Baidu (BIDU), Ford, Aptiv (APTV), and Luminar Technologies (LAZR).</p><p><img src=\"https://static.tigerbbs.com/ee253b2e571ef4520e73af17cb9e1ee6\" tg-width=\"1280\" tg-height=\"1280\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Bot (Wired)</p><p>If Elon Musk&#39;s focus doesn&#39;t stray too much, the company could win in one or more of these fields, which would be a boon for long-term profits and Tesla&#39;s terminal multiple.</p><p>For more on the Tesla bull thesis, readers can review claims by Cathie Wood, who says the stock will quintuple in a few years.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The Last Bubble Standing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla: The Last Bubble Standing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-11 23:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4522405-tesla-stock-the-last-bubble-standing?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A23><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAs the market crumbles around it, the enthusiasm for Tesla is unwavering. With a 1% earnings yield, Tesla is the last bubble standing.Elon Musk’s diverted focus is not good news for AI and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4522405-tesla-stock-the-last-bubble-standing?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A23\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4522405-tesla-stock-the-last-bubble-standing?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A23","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164092479","content_text":"SummaryAs the market crumbles around it, the enthusiasm for Tesla is unwavering. With a 1% earnings yield, Tesla is the last bubble standing.Elon Musk’s diverted focus is not good news for AI and autonomous drive. He’s been selling stock hand-over-fist.In the next recession, Tesla's earnings will likely decline, and the bubble will go \"pop.\" We'll dig into why we see a lost decade ahead for TSLA.The ThesisTesla (NASDAQ:TSLA) has captured the minds of investors the world over. The company has become more of a gambling machine than an investment; in 2021, TSLA was the most traded stock among retail investors.Most Traded Stocks (Degiro)So why is Tesla not crumbling entirely in the face of this bear market? Well, autos are still riding an all-time hot wave of sales, and investors aren't pricing in the cyclicality of earnings. In a deep recession, Tesla's earnings can and likely will decline, along with all other automakers. At which time, the air will come out of Tesla's stock.Autos vs. RecessionRecessions get nasty for auto manufacturers. History has shown that it doesn't matter who you are, when big recessions hit, auto earnings not only decline but usually go negative in this capital-intensive industry. In 2009, auto manufacturers got absolutely crushed, reporting negative net income across the board:Data by YChartsYou may ask, \"What about the recession of 2020?\" Well, 2020 was unlike any recession in the past. The government sent out so many stimulus checks, that consumers' bank accounts actually ballooned. Combined with the lowest interest rates in 5000 years, buying a $50,000 car became more affordable than ever.Cash Balances of American Consumers (RSM)Disconnected ManagementAs the bubble booms on, Elon Musk has beensellingTesla shares hand-over-fist, with excuses like this:Elon Musk Tweet (Bloomberg)This is not what we like to see from our CEO. To be fair to Musk, he did tweet this back in 2020, when the stock was at $140 per share:Elon Musk Tweet (Quora)TSLA currently has a 1% earnings yield on what is likely an industry peak. It appears to us that Elon's getting out.With the proceeds, Musk is attempting to buy Twitter (TWTR) outright. Keep in mind that Musk is not only focusing his time and attention on this, but to SpaceX, which is arguably a more promising business. The space industry is projected to reach $1 trillion in revenue by 2040.A Fundamental Look At Tesla's GrowthTesla is going global and getting closer to its customer base, with new factories in Shanghai, China, as well as Berlin, Germany. You would think this move would expand Tesla's market share. But from 2020 to 2021, Tesla's global market share actually shrank from17%to just under14%.Competition is coming from everywhere. With a 14% market share, Tesla is more likely to lose share than to gain it. Companies like Honda (HMC) (OTCPK:HNDAF), BMW (OTCPK:BMWYY), Ford (F), GM (GM), Hyundai (OTCPK:HYMTF), Jaguar, Kia (OTCPK:KIMTF), Mazda (OTCPK:MZDAY) (OTCPK:MZDAF), Mercedes (OTCPK:DDAIF) (OTCPK:DMLRY), Mitsubishi, Nissan (OTCPK:NSANY) (OTCPK:NSANF), Stellantis (STLA), Subaru (OTCPK:FUJHY) (OTCPK:FUJHF), Toyota (TM) (OTCPK:TOYOF), Volkswagen (OTCPK:VWAGY) (OTCPK:VLKAF) (OTCPK:VWAPY), and Volvo (OTCPK:VOLAF) (OTCPK:VLVLY) (OTCPK:VOLVF) are all adding EVs to their lineups. Many of these companies have strong and entrenched brands and are partnering with EV titans like BYD (OTCPK:BYDDF). On top of that, they're producing EVs that are more affordable for the average consumer.Global EV Market Share (Statista)Tesla's margins could also decrease. A cooler economy, increased competition, and used EVs coming online means the price of buying an EV could actually fall over time. Tesla's benefited from government credits, but these credits could dissipate now that EV companies like Tesla are profitable and highly valued.To understand where Tesla is going, we need to understand where the industry is going. The number of electric vehicles sold globally is projected to grow at 17.5% per annum through to 2030. Tesla's energy business has grown revenue at21% per annum over the past 3 years.95% of Tesla's revenue still comes from the automotive arm:Tesla's Revenue Breakdown (2021 Annual Report)Given the market share, margins, and industry risks, we estimate Tesla will simply match the growth of global EV sales, growing 17.5% per annum. The energy business should continue to grow and become profitable, which will partially make up for the issues cited above.The ValuationOur 2032 price target for TSLA is $683 per share, indicating a return of 0% per annum, with no dividends.Tesla has earnings of $7.78 per share, giving it a PE of nearly 100. If Tesla's EPS should grow at 17.5% per annum, we get 2032 earnings of $39 per share. While the typical car company trades at just 10x normalized earnings, Tesla continues to benefit from the transition to EVs, and should have a more prominent footprint in clean energy generation and storage in 2032. We've applied a terminal multiple of 17.5x earnings, which is a 75% premium to the average car company. Remember, the auto business is cyclical, competitive, and prone to bankruptcy. It's difficult to justify a higher multiple unless our risks to the thesis play out.Risks To The ThesisTesla's future is very up in the air. Elon Musk has all sorts of stories for investors revolving around autonomous drive, robotics, ride-sharing, and artificial intelligence. However, we do not yet have substantial revenues from Musk's many grand ideas. When those revenues do materialize, the businesses are likely to be loss-making, much like TSLA's energy business thus far. Competition will be strong in these fields. Autonomous drive, for instance, has attracted competition from Microsoft (MSFT), Alphabet (GOOG) (GOOGL), Uber (UBER), General Motors, Nvidia (NVDA), Baidu (BIDU), Ford, Aptiv (APTV), and Luminar Technologies (LAZR).Tesla Bot (Wired)If Elon Musk's focus doesn't stray too much, the company could win in one or more of these fields, which would be a boon for long-term profits and Tesla's terminal multiple.For more on the Tesla bull thesis, readers can review claims by Cathie Wood, who says the stock will quintuple in a few years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9073323533,"gmtCreate":1657288337622,"gmtModify":1676535985432,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Dip drop ?","listText":"Dip drop ?","text":"Dip drop ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073323533","repostId":"1173595514","repostType":4,"repost":{"id":"1173595514","kind":"news","pubTimestamp":1657287860,"share":"https://ttm.financial/m/news/1173595514?lang=&edition=fundamental","pubTime":"2022-07-08 21:44","market":"us","language":"en","title":"Microsoft Dips As Piper Sandler Cuts Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=1173595514","media":"Seeking Alpha","summary":"Microsoft shares slipped on Friday as investment firm Piper Sandler cut its estimates due to continu","content":"<html><head></head><body><p>Microsoft shares slipped on Friday as investment firm Piper Sandler cut its estimates due to continued foreign exchange headwinds that are likely to persist.</p><p>Analyst Brent Bracelin, who rates Microsoft (MSFT) shares overweight, lowered his price target to $312 from $352 and cut fiscal 2023 revenue estimates by $3.3B and full-year earnings by 21 cents per share.</p><p>&#34;Strength in the U.S. Dollar has persisted into June and July with the Euro and Yen exchange rates falling to 20-year lows,&#34; Bracelin wrote. He added 57% of incremental growth came from outside the U.S. last year, so it&#39;s possible that foreign exchange headwinds could impact fiscal 2023.</p><p>Microsoft (MSFT) shares fell 1.32% to $264.85 in early trading.</p><p><img src=\"https://static.tigerbbs.com/12fc0a5b2cd7afff06a5282ed497fb78\" tg-width=\"860\" tg-height=\"671\" width=\"100%\" height=\"auto\"/></p><p>Last month, Microsoft (MSFT) cut its revenue and earnings outlook for the fourth-quarter, citing the impact of foreign exchange headwinds.</p><p>Despite the estimate cuts, Bracelin explained that Microsoft&#39;s (MSFT) cloud operations are poised to surpass $100B on an annualized run-rate for the first time, assuming 29% year-over-year growth. This could actually help &#34;insulate overall growth prospects&#34; for Microsoft (MSFT), as 46% of revenues are tied to the cloud.</p><p>&#34;Even assuming growth for Azure moderates to the low 40% and [Office 365] moderates to the low-to-mid teens, we still see a scenario where revenue can grow double-digits,&#34; Bracelin added.</p><p>In addition, Microsoft&#39;s (MSFT) &#34;robust&#34; operating cash flows could allow the company to continue strengthening its balance sheet, buying back more stock, boosting its dividend or continue to make acquisitions, the analyst explained.</p><p>On Wednesday, the U.K.&#39;s Competition and Markets Authority said it had opened an inquiry into the Microsoft (MSFT) - Activision Blizzard (ATVI) deal to see if it will impact rivals.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Dips As Piper Sandler Cuts Estimates</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\">\nMicrosoft Dips As Piper Sandler Cuts Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-08 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3855366-microsoft-dips-as-piper-sandler-cuts-estimates-as-fx-headwinds-likely-to-persist-into-july><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft shares slipped on Friday as investment firm Piper Sandler cut its estimates due to continued foreign exchange headwinds that are likely to persist.Analyst Brent Bracelin, who rates Microsoft...</p>\n\n<a href=\"https://seekingalpha.com/news/3855366-microsoft-dips-as-piper-sandler-cuts-estimates-as-fx-headwinds-likely-to-persist-into-july\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/news/3855366-microsoft-dips-as-piper-sandler-cuts-estimates-as-fx-headwinds-likely-to-persist-into-july","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173595514","content_text":"Microsoft shares slipped on Friday as investment firm Piper Sandler cut its estimates due to continued foreign exchange headwinds that are likely to persist.Analyst Brent Bracelin, who rates Microsoft (MSFT) shares overweight, lowered his price target to $312 from $352 and cut fiscal 2023 revenue estimates by $3.3B and full-year earnings by 21 cents per share.\"Strength in the U.S. Dollar has persisted into June and July with the Euro and Yen exchange rates falling to 20-year lows,\" Bracelin wrote. He added 57% of incremental growth came from outside the U.S. last year, so it's possible that foreign exchange headwinds could impact fiscal 2023.Microsoft (MSFT) shares fell 1.32% to $264.85 in early trading.Last month, Microsoft (MSFT) cut its revenue and earnings outlook for the fourth-quarter, citing the impact of foreign exchange headwinds.Despite the estimate cuts, Bracelin explained that Microsoft's (MSFT) cloud operations are poised to surpass $100B on an annualized run-rate for the first time, assuming 29% year-over-year growth. This could actually help \"insulate overall growth prospects\" for Microsoft (MSFT), as 46% of revenues are tied to the cloud.\"Even assuming growth for Azure moderates to the low 40% and [Office 365] moderates to the low-to-mid teens, we still see a scenario where revenue can grow double-digits,\" Bracelin added.In addition, Microsoft's (MSFT) \"robust\" operating cash flows could allow the company to continue strengthening its balance sheet, buying back more stock, boosting its dividend or continue to make acquisitions, the analyst explained.On Wednesday, the U.K.'s Competition and Markets Authority said it had opened an inquiry into the Microsoft (MSFT) - Activision Blizzard (ATVI) deal to see if it will impact rivals.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051254289,"gmtCreate":1654702813241,"gmtModify":1676535495439,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051254289","repostId":"1154025268","repostType":2,"repost":{"id":"1154025268","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1654702600,"share":"https://ttm.financial/m/news/1154025268?lang=&edition=fundamental","pubTime":"2022-06-08 23:36","market":"us","language":"zh","title":"滴滴、阿里巴巴持续拉升，盘中均涨超10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1154025268","media":"老虎资讯综合","summary":"周三美股盘中，部分中概股持续拉升，截至发稿，滴滴、阿里巴巴涨超10%。","content":"<html><head></head><body><p>周三美股盘中，部分中概股持续拉升，截至发稿，<a href=\"https://laohu8.com/S/DIDI\">滴滴</a>、<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>涨超10%。</p><p><img src=\"https://static.tigerbbs.com/cb955eca93dd66793b3a3fffe72e90d1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><img src=\"https://static.tigerbbs.com/9f707542f783bd1546ef393338646ca4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>滴滴、阿里巴巴持续拉升，盘中均涨超10%</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\">\n滴滴、阿里巴巴持续拉升，盘中均涨超10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2022-06-08 23:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>周三美股盘中，部分中概股持续拉升，截至发稿，<a href=\"https://laohu8.com/S/DIDI\">滴滴</a>、<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>涨超10%。</p><p><img src=\"https://static.tigerbbs.com/cb955eca93dd66793b3a3fffe72e90d1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><img src=\"https://static.tigerbbs.com/9f707542f783bd1546ef393338646ca4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d752152b73947ff2f4b1c08ab9eecc39","relate_stocks":{"DIDI":"滴滴(已退市)","DIDIY":"DiDi Global Inc.","BABA":"阿里巴巴"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154025268","content_text":"周三美股盘中，部分中概股持续拉升，截至发稿，滴滴、阿里巴巴涨超10%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050610118,"gmtCreate":1654181125634,"gmtModify":1676535408107,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050610118","repostId":"1144656441","repostType":4,"repost":{"id":"1144656441","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1654180266,"share":"https://ttm.financial/m/news/1144656441?lang=&edition=fundamental","pubTime":"2022-06-02 22:31","market":"us","language":"en","title":"Fed Vice Chair Lael Brainard Says It’s Hard to See the Case for the Fed Pausing Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1144656441","media":"Tiger Newspress","summary":"Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be t","content":"<html><head></head><body><p>Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.</p><p>Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed.</p><p>“Right now, it’s very hard to see the case for a pause,” she told CNBC’sSara Eisenduring a live “Squawk on the Street” interview. “We’ve still got a lot of work to do to get inflation down to our 2% target.”</p><p>The idea of implementing two more 50 basis point rate increases over the summer then taking a step back in September has been floated by a few officials, most notably Atlanta Fed President Raphael Bostic. Minutes from the May meeting indicated some support for the idea of evaluating where things stand in the fall, but there were no commitments.</p><p>In recent days, policymakers including San Francisco Fed President Mary Daly and Governor Christopher Waller have stressed the importance of using the central bank’s policy tools aggressively to bring down inflation running around its fastest pace since the early 1980s.</p><p>“We’re certainly going to do what is necessary to bring inflation back down,” Brainard said. “That’s our No. 1 challenge right now. We are starting from a position of strength. The economy has a lot of momentum.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Vice Chair Lael Brainard Says It’s Hard to See the Case for the Fed Pausing Rate Hikes</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\">\nFed Vice Chair Lael Brainard Says It’s Hard to See the Case for the Fed Pausing Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-02 22:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.</p><p>Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed.</p><p>“Right now, it’s very hard to see the case for a pause,” she told CNBC’sSara Eisenduring a live “Squawk on the Street” interview. “We’ve still got a lot of work to do to get inflation down to our 2% target.”</p><p>The idea of implementing two more 50 basis point rate increases over the summer then taking a step back in September has been floated by a few officials, most notably Atlanta Fed President Raphael Bostic. Minutes from the May meeting indicated some support for the idea of evaluating where things stand in the fall, but there were no commitments.</p><p>In recent days, policymakers including San Francisco Fed President Mary Daly and Governor Christopher Waller have stressed the importance of using the central bank’s policy tools aggressively to bring down inflation running around its fastest pace since the early 1980s.</p><p>“We’re certainly going to do what is necessary to bring inflation back down,” Brainard said. “That’s our No. 1 challenge right now. We are starting from a position of strength. The economy has a lot of momentum.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144656441","content_text":"Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed.“Right now, it’s very hard to see the case for a pause,” she told CNBC’sSara Eisenduring a live “Squawk on the Street” interview. “We’ve still got a lot of work to do to get inflation down to our 2% target.”The idea of implementing two more 50 basis point rate increases over the summer then taking a step back in September has been floated by a few officials, most notably Atlanta Fed President Raphael Bostic. Minutes from the May meeting indicated some support for the idea of evaluating where things stand in the fall, but there were no commitments.In recent days, policymakers including San Francisco Fed President Mary Daly and Governor Christopher Waller have stressed the importance of using the central bank’s policy tools aggressively to bring down inflation running around its fastest pace since the early 1980s.“We’re certainly going to do what is necessary to bring inflation back down,” Brainard said. “That’s our No. 1 challenge right now. We are starting from a position of strength. The economy has a lot of momentum.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9027762461,"gmtCreate":1654090105653,"gmtModify":1676535392168,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027762461","repostId":"2240556413","repostType":4,"repost":{"id":"2240556413","kind":"highlight","pubTimestamp":1654089884,"share":"https://ttm.financial/m/news/2240556413?lang=&edition=fundamental","pubTime":"2022-06-01 21:24","market":"us","language":"en","title":"Buick Says It Will “Fully Electrify” North American Lineup by 2030","url":"https://stock-news.laohu8.com/highlight/detail?id=2240556413","media":"StreetInsider","summary":"By Paul Lienert(Reuters) - General Motors Co's Buick brand, once one of America's pioneer auto compa","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/7121d8b4d56f5db416e54670087f8021\" tg-width=\"200\" tg-height=\"136\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>By Paul Lienert</p><p>(Reuters) - General Motors Co&#39;s Buick brand, once <a href=\"https://laohu8.com/S/AONE.U\">one</a> of America&#39;s pioneer auto companies, said Wednesday that its future North American lineup will be &#34;all-electric&#34; by 2030.</p><p>That target will make Buick one of GM&#39;s lead brands, along with Cadillac, in pursuing the corporate goal of phasing out internal combustion engines by 2035.</p><p>Buick said it plans to introduce its first EV in 2024, but did not provide specifics. Supplier sources said the brand is planning to build at least two electric crossover vehicles in that timeframe, with production sourced in both China and North America.</p><p>Today, China is Buick&#39;s largest market, representing about five times its U.S. sales. Nearly all of those vehicles in both markets still feature gasoline-fueled engines.</p><p>GM has said it plans to sell 1 million EVs in China and in the U.S. in 2025. Last year, it sold about 20,000 EVs in the United States.</p><p>Buick traces its roots back nearly 120 years -- five years before GM&#39;s 1908 founding -- to an era when electric cars briefly outsold gasoline models in the U.S. All Buicks sold back then were gasoline-powered.</p><p>The brand is reaching into its distant past for inspiration as it introduces a new logo and brand identity.</p><p>Its future electric vehicles will carry the Electra name, which dates back more than 60 years. The Electra badge was used until 1990 on Buick&#39;s full-size flagship sedans, the largest of which stretched more than 19 feet (5.9 metres) long and was powered by a 7.5-liter V8 gasoline engine.</p><p>To illustrate some of the brand&#39;s future design language, the Buick studio created an electric coupe concept that revives the Wildcat name. Buick first used that on a series of concept vehicles in the early 1950s, and deployed the Wildcat badge on several full-size production models from 1963 to 1970.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buick Says It Will “Fully Electrify” North American Lineup by 2030</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\">\nBuick Says It Will “Fully Electrify” North American Lineup by 2030\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-01 21:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20158994><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Paul Lienert(Reuters) - General Motors Co's Buick brand, once one of America's pioneer auto companies, said Wednesday that its future North American lineup will be \"all-electric\" by 2030.That ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20158994\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4566":"资本集团","GM":"通用汽车","BK4099":"汽车制造商","BK4574":"无人驾驶","BK4561":"索罗斯持仓","BK4559":"巴菲特持仓","BK4555":"新能源车"},"source_url":"https://www.streetinsider.com/dr/news.php?id=20158994","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2240556413","content_text":"By Paul Lienert(Reuters) - General Motors Co's Buick brand, once one of America's pioneer auto companies, said Wednesday that its future North American lineup will be \"all-electric\" by 2030.That target will make Buick one of GM's lead brands, along with Cadillac, in pursuing the corporate goal of phasing out internal combustion engines by 2035.Buick said it plans to introduce its first EV in 2024, but did not provide specifics. Supplier sources said the brand is planning to build at least two electric crossover vehicles in that timeframe, with production sourced in both China and North America.Today, China is Buick's largest market, representing about five times its U.S. sales. Nearly all of those vehicles in both markets still feature gasoline-fueled engines.GM has said it plans to sell 1 million EVs in China and in the U.S. in 2025. Last year, it sold about 20,000 EVs in the United States.Buick traces its roots back nearly 120 years -- five years before GM's 1908 founding -- to an era when electric cars briefly outsold gasoline models in the U.S. All Buicks sold back then were gasoline-powered.The brand is reaching into its distant past for inspiration as it introduces a new logo and brand identity.Its future electric vehicles will carry the Electra name, which dates back more than 60 years. The Electra badge was used until 1990 on Buick's full-size flagship sedans, the largest of which stretched more than 19 feet (5.9 metres) long and was powered by a 7.5-liter V8 gasoline engine.To illustrate some of the brand's future design language, the Buick studio created an electric coupe concept that revives the Wildcat name. Buick first used that on a series of concept vehicles in the early 1950s, and deployed the Wildcat badge on several full-size production models from 1963 to 1970.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022731173,"gmtCreate":1653577939592,"gmtModify":1676535307752,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022731173","repostId":"2238050922","repostType":4,"repost":{"id":"2238050922","kind":"highlight","pubTimestamp":1653575163,"share":"https://ttm.financial/m/news/2238050922?lang=&edition=fundamental","pubTime":"2022-05-26 22:26","market":"us","language":"en","title":"4 Widely Held Stocks Billionaires Dumped in the First Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=2238050922","media":"Motley Fool","summary":"Select billionaire money managers significantly pared down their positions in these popular stocks.","content":"<html><head></head><body><p>A little more than a week ago, Wall Street&#39;s brightest and most-successful money managers lifted their funds&#39; proverbial hoods and gave investors a look at what they&#39;d been buying and selling in the most-recent quarter.</p><p>Although Form 13F filings demonstrated quite a bit of buying from active money managers, especially in beaten-down growth stocks, they also unveiled some potentially surprising selling activity. What follows are four widely held stocks that billionaire money managers dumped during the first quarter.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F681419%2Finvestor-pressing-sell-button-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Shopify</h2><p>To begin with, cloud-based e-commerce platform <b>Shopify</b> was given a sizable reduction by Stephen Mandel of Lone Pine Capital. Entering 2022, Mandel&#39;s fund held a greater than 1% stake in Shopify&#39;s outstanding shares. But following the sale of more than 355,000 shares during the first quarter, Lone Pine&#39;s stake is down to about 0.91%.</p><p>The likeliest reason for Mandel paring down one of Lone Pine&#39;s core positions is the expectation that a recession will occur in the United States. With first-quarter U.S. gross domestic product (GDP) retracing 1.4%, there&#39;s even a possibility we&#39;re already in a recession and just don&#39;t (officially) know it.</p><p>Since Shopify&#39;s operating model is primarily geared to help small businesses grow, and small businesses might not be profitable or time-tested, there&#39;s some level of concern that a key component of Shopify&#39;s growth could struggle for however long a U.S. economic slowdown/recession lasts.</p><p>The other possible reason for Mandel reducing Lone Pine&#39;s stake in Shopify is valuation. The company has consistently traded at a nosebleed premium to its sales and profit potential since the pandemic began. On one hand, this made sense given the e-commerce solutions the company provides. With various lockdowns throughout the U.S. and internationally, consumers turned to online retail solutions en masse in 2020.</p><p>On the other hand, with inflation soaring and access to capital becoming pricier as lending rates rise, growth prospects for small businesses appear muted. Even with Shopify nearly 80% below its all-time high, set just six months ago, the company still trades at 6 times Wall Street&#39;s forecast sales in 2022 and at a triple-digit projected price-to-earnings ratio.</p><p>While I do believe a premium is warranted for Shopify&#39;s impressive growth rate, it could be a bumpy ride until the Fed&#39;s monetary tightening cycle is complete.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F681419%2F16756851854_91c8a910c8_k.jpg&amp;w=700&amp;op=resize\" referrerpolicy=\"no-referrer\"/><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p><h2>Berkshire Hathaway</h2><p>Another widely held stock that was given the partial heave-ho in the first quarter by a billionaire money manager is conglomerate <b>Berkshire Hathaway</b>. Jim Simons of Renaissance Technologies sold 868,800 Class B shares (BRK.B), which amounted to a 92% reduction in his fund&#39;s stake, relative to where things stood on Dec. 31, 2021.</p><p>The most logical reason to nearly exit this position in Berkshire probably has to do with signs of economic weakness in the United States. As noted, U.S. GDP went backward in the first quarter, and a number of recent big-box retailer reports have shown inventory levels are rising and low-income consumers are feeling the pinch of inflation. Because Berkshire Hathaway&#39;s investment portfolio is packed with cyclical businesses, shares of the company are at risk of coming under some short-term pressure.</p><p>However, it would be foolish (with a small &#39;f&#39;) to overlook Buffett&#39;s long-term track record. Since taking over as CEO in 1965, he&#39;s led the company&#39;s Class A shares (BRK.A) to an average annual return of 20.1%, which works out to 3,641,613%, in aggregate, over 57 years. By acquiring and investing in time-tested businesses, and hanging on to those investments for long periods, Buffett has demonstrated how powerful time and patience can be.</p><p>What&#39;s more, Buffett&#39;s company is on pace to collect more than $6 billion in dividend income over the next 12 months. Companies that pay a dividend are almost always profitable and time-tested. They also have a history of vastly outperforming stocks that don&#39;t pay a dividend.</p><p>In other words, Simons&#39; fund may eventually regret selling most of its stake in Berkshire Hathaway.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F681419%2Fhacker-bitcoin-cryptocurrency-money-finances-laptop-illegal-getty.jpg&amp;w=700&amp;op=resize\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>CrowdStrike Holdings</h2><p>Cybersecurity stock <b>CrowdStrike Holdings</b> is yet another widely held stock that was on one billionaire&#39;s sell list in the first quarter. Philippe Laffont of Coatue Management sold nearly 485,000 shares, equating to 44% of Coatue&#39;s stake entering 2022.</p><p>The probable reason for Laffont to reduce his fund&#39;s position in CrowdStrike is valuation. Similar to Shopify, CrowdStrike has traded at a nosebleed valuation relative to sales and profits since the pandemic began.</p><p>As a premier provider of end-user security, it found itself in the right place at the right time when the pandemic hit and people were forced to lean on the internet and cloud more than ever before. But even after a 50% retracement in its shares, CrowdStrike is still valued at 16 times Wall Street&#39;s sales estimate for the company in 2022, and north of 100 times analysts&#39; profit projection.</p><p>Although CrowdStrike is pricey, it does have two catalysts working in its favor. First, cybersecurity has evolved into a basic necessity over the past two decades. No matter how poorly the U.S. economy is performing, businesses of all sizes need protection. Because hackers and robots don&#39;t take a day off from trying to steal data, demand for cybersecurity solutions remains elevated.</p><p>The other buy-side catalyst is the company&#39;s cloud-native platform, known as Falcon. This platform oversees about a trillion events daily and leans on artificial intelligence to become more efficient at recognizing and responding to potential threats over time. A gross retention rate of 98% suggests that businesses have come to trust CrowdStrike&#39;s solutions.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F681419%2Ftsla-model-s.jpg&amp;w=700&amp;op=resize\" referrerpolicy=\"no-referrer\"/><span>Charging a Tesla Model S. Image source: Tesla.</span></p><h2>Tesla</h2><p>Lastly, at least one billionaire was hitting the brakes on electric vehicle (EV) manufacturer <b>Tesla</b>. Israel Englander of Millennium Management sold 551,827 shares of Tesla during the first quarter, which was just shy of half of his fund&#39;s stake entering the year.</p><p>Why sell Tesla? The most obvious reason would be the expectation of production shortfalls and challenges in the coming quarters. Whereas most major automakers have reduced production due to supply shortages, Tesla has maintained a production pace that would allow the company to eclipse the psychologically important 1 million mark this year. However, with strict COVID-19 lockdowns in China, meeting previous production forecasts appears all but impossible now.</p><p>Valuation has been a persistent concern, as well, for years. While traditional auto stocks are valued at single-digit price-to-earnings multiples, Tesla was valued as high as 15 times sales and more than 100 times forecast earnings earlier this year. Even now, with shares 47% below their all-time high, Tesla is still valued at a lofty 8 times Wall Street&#39;s forecast for sales and 54 times projected profits for 2022.</p><p>On the other side of the coin, we have Tesla&#39;s competitive advantages, such as its mass production, as well as the range, power, and capacity provided by its batteries. First-mover advantages certainly count for something in next-big-thing industries, and it&#39;s hard to overlook the EV maker&#39;s market share lead in the U.S.</p><p>However, CEO Elon Musk looks to be the real wild card for the company -- and it&#39;s never a good thing when the CEO is the focus. Though innovative, Musk has proved to be a liability and distraction for Tesla on more than one occasion. In an economic environment where valuations are being heavily scrutinized by Wall Street and investors, Tesla is a company that might not fare well.</p></body></html>","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>4 Widely Held Stocks Billionaires Dumped in the First Quarter</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\">\n4 Widely Held Stocks Billionaires Dumped in the First Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-26 22:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/26/4-widely-held-stocks-billionaires-dumped-in-q1/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little more than a week ago, Wall Street's brightest and most-successful money managers lifted their funds' proverbial hoods and gave investors a look at what they'd been buying and selling in the ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/26/4-widely-held-stocks-billionaires-dumped-in-q1/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","BRK.A":"伯克希尔","SHOP":"Shopify Inc","TSLA":"特斯拉","BRK.B":"伯克希尔B"},"source_url":"https://www.fool.com/investing/2022/05/26/4-widely-held-stocks-billionaires-dumped-in-q1/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238050922","content_text":"A little more than a week ago, Wall Street's brightest and most-successful money managers lifted their funds' proverbial hoods and gave investors a look at what they'd been buying and selling in the most-recent quarter.Although Form 13F filings demonstrated quite a bit of buying from active money managers, especially in beaten-down growth stocks, they also unveiled some potentially surprising selling activity. What follows are four widely held stocks that billionaire money managers dumped during the first quarter.Image source: Getty Images.ShopifyTo begin with, cloud-based e-commerce platform Shopify was given a sizable reduction by Stephen Mandel of Lone Pine Capital. Entering 2022, Mandel's fund held a greater than 1% stake in Shopify's outstanding shares. But following the sale of more than 355,000 shares during the first quarter, Lone Pine's stake is down to about 0.91%.The likeliest reason for Mandel paring down one of Lone Pine's core positions is the expectation that a recession will occur in the United States. With first-quarter U.S. gross domestic product (GDP) retracing 1.4%, there's even a possibility we're already in a recession and just don't (officially) know it.Since Shopify's operating model is primarily geared to help small businesses grow, and small businesses might not be profitable or time-tested, there's some level of concern that a key component of Shopify's growth could struggle for however long a U.S. economic slowdown/recession lasts.The other possible reason for Mandel reducing Lone Pine's stake in Shopify is valuation. The company has consistently traded at a nosebleed premium to its sales and profit potential since the pandemic began. On one hand, this made sense given the e-commerce solutions the company provides. With various lockdowns throughout the U.S. and internationally, consumers turned to online retail solutions en masse in 2020.On the other hand, with inflation soaring and access to capital becoming pricier as lending rates rise, growth prospects for small businesses appear muted. Even with Shopify nearly 80% below its all-time high, set just six months ago, the company still trades at 6 times Wall Street's forecast sales in 2022 and at a triple-digit projected price-to-earnings ratio.While I do believe a premium is warranted for Shopify's impressive growth rate, it could be a bumpy ride until the Fed's monetary tightening cycle is complete.Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.Berkshire HathawayAnother widely held stock that was given the partial heave-ho in the first quarter by a billionaire money manager is conglomerate Berkshire Hathaway. Jim Simons of Renaissance Technologies sold 868,800 Class B shares (BRK.B), which amounted to a 92% reduction in his fund's stake, relative to where things stood on Dec. 31, 2021.The most logical reason to nearly exit this position in Berkshire probably has to do with signs of economic weakness in the United States. As noted, U.S. GDP went backward in the first quarter, and a number of recent big-box retailer reports have shown inventory levels are rising and low-income consumers are feeling the pinch of inflation. Because Berkshire Hathaway's investment portfolio is packed with cyclical businesses, shares of the company are at risk of coming under some short-term pressure.However, it would be foolish (with a small 'f') to overlook Buffett's long-term track record. Since taking over as CEO in 1965, he's led the company's Class A shares (BRK.A) to an average annual return of 20.1%, which works out to 3,641,613%, in aggregate, over 57 years. By acquiring and investing in time-tested businesses, and hanging on to those investments for long periods, Buffett has demonstrated how powerful time and patience can be.What's more, Buffett's company is on pace to collect more than $6 billion in dividend income over the next 12 months. Companies that pay a dividend are almost always profitable and time-tested. They also have a history of vastly outperforming stocks that don't pay a dividend.In other words, Simons' fund may eventually regret selling most of its stake in Berkshire Hathaway.Image source: Getty Images.CrowdStrike HoldingsCybersecurity stock CrowdStrike Holdings is yet another widely held stock that was on one billionaire's sell list in the first quarter. Philippe Laffont of Coatue Management sold nearly 485,000 shares, equating to 44% of Coatue's stake entering 2022.The probable reason for Laffont to reduce his fund's position in CrowdStrike is valuation. Similar to Shopify, CrowdStrike has traded at a nosebleed valuation relative to sales and profits since the pandemic began.As a premier provider of end-user security, it found itself in the right place at the right time when the pandemic hit and people were forced to lean on the internet and cloud more than ever before. But even after a 50% retracement in its shares, CrowdStrike is still valued at 16 times Wall Street's sales estimate for the company in 2022, and north of 100 times analysts' profit projection.Although CrowdStrike is pricey, it does have two catalysts working in its favor. First, cybersecurity has evolved into a basic necessity over the past two decades. No matter how poorly the U.S. economy is performing, businesses of all sizes need protection. Because hackers and robots don't take a day off from trying to steal data, demand for cybersecurity solutions remains elevated.The other buy-side catalyst is the company's cloud-native platform, known as Falcon. This platform oversees about a trillion events daily and leans on artificial intelligence to become more efficient at recognizing and responding to potential threats over time. A gross retention rate of 98% suggests that businesses have come to trust CrowdStrike's solutions.Charging a Tesla Model S. Image source: Tesla.TeslaLastly, at least one billionaire was hitting the brakes on electric vehicle (EV) manufacturer Tesla. Israel Englander of Millennium Management sold 551,827 shares of Tesla during the first quarter, which was just shy of half of his fund's stake entering the year.Why sell Tesla? The most obvious reason would be the expectation of production shortfalls and challenges in the coming quarters. Whereas most major automakers have reduced production due to supply shortages, Tesla has maintained a production pace that would allow the company to eclipse the psychologically important 1 million mark this year. However, with strict COVID-19 lockdowns in China, meeting previous production forecasts appears all but impossible now.Valuation has been a persistent concern, as well, for years. While traditional auto stocks are valued at single-digit price-to-earnings multiples, Tesla was valued as high as 15 times sales and more than 100 times forecast earnings earlier this year. Even now, with shares 47% below their all-time high, Tesla is still valued at a lofty 8 times Wall Street's forecast for sales and 54 times projected profits for 2022.On the other side of the coin, we have Tesla's competitive advantages, such as its mass production, as well as the range, power, and capacity provided by its batteries. First-mover advantages certainly count for something in next-big-thing industries, and it's hard to overlook the EV maker's market share lead in the U.S.However, CEO Elon Musk looks to be the real wild card for the company -- and it's never a good thing when the CEO is the focus. Though innovative, Musk has proved to be a liability and distraction for Tesla on more than one occasion. In an economic environment where valuations are being heavily scrutinized by Wall Street and investors, Tesla is a company that might not fare well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021659312,"gmtCreate":1653050490736,"gmtModify":1676535214528,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021659312","repostId":"2236016118","repostType":4,"repost":{"id":"2236016118","kind":"highlight","pubTimestamp":1653049962,"share":"https://ttm.financial/m/news/2236016118?lang=&edition=fundamental","pubTime":"2022-05-20 20:32","market":"us","language":"en","title":"Amazon Cut From Focus List at Citi, but Still a Top Pick","url":"https://stock-news.laohu8.com/highlight/detail?id=2236016118","media":"Seekingalpha","summary":"Amazon (NASDAQ:AMZN) is not safe from softening consumer spending trends, Citi says.The New York-bas","content":"<html><head></head><body><p>Amazon (NASDAQ:AMZN) is not safe from softening consumer spending trends, Citi says.</p><p>The New York-based bank indicated that while it still believes in the eCommerce and cloud giant, the recent slide for shares and growing inflation concerns prompted some reflection.</p><p>“Given macro uncertainty and lack of near-term catalysts, we are removing Amazon from Citi’s NAM Focus List,” a note released on Friday morning reads.</p><p>The bank’s analyst Ronald Josey added that a weaker consumer in a more challenged macro environment could meaningfully impact earnings moving forward. Even Amazon (AMZN), he advised, will not be able to completely avoid the changing dynamics in consumer discretionary spending.</p><p>Still, the Seattle-based behemoth remains a top pick for the internet sector and remains “Buy” rated at the bank. Josey indicated that while the removal from a “Focus List” indicates some trepidation, it does not break the overall bullish thesis on the stock. Indeed, the troubled consumer could prove positive for Amazon (AMZN) in his view.</p><p>“We believe Amazon remains relatively well positioned to reaccelerate retail growth in [the second half of 2022] and we view July’s Prime Day and the upcoming Back-to-School and Holiday shopping seasons as core catalysts, particularly as comps get significantly easier beginning in [the third quarter] on what we believe are modest expectations,” Josey wrote. “To the extent other retailers pass on inflationary costs and fees to consumers via higher pricing, we believe Amazon is likely to follow to remain competitive on prices overall.”</p><p>As a result of these encouraging dynamics, Josey indicated the current post-plunge entry point is quite promising even if there might be short-term pain.</p><p>“We believe much of the risk is priced in, particularly for longer-term investors,” he wrote to clients, reiterating a $4,100 price target for shares.</p><p>Shares of Amazon (AMZN) accelerated 1.78% to the upside 90 minutes prior to Friday&#39;s market open.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Cut From Focus List at Citi, but Still a Top Pick</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\">\nAmazon Cut From Focus List at Citi, but Still a Top Pick\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 20:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3841298-amazon-cut-from-focus-list-at-citi-but-still-a-top-pick><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon (NASDAQ:AMZN) is not safe from softening consumer spending trends, Citi says.The New York-based bank indicated that while it still believes in the eCommerce and cloud giant, the recent slide ...</p>\n\n<a href=\"https://seekingalpha.com/news/3841298-amazon-cut-from-focus-list-at-citi-but-still-a-top-pick\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗","AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/news/3841298-amazon-cut-from-focus-list-at-citi-but-still-a-top-pick","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236016118","content_text":"Amazon (NASDAQ:AMZN) is not safe from softening consumer spending trends, Citi says.The New York-based bank indicated that while it still believes in the eCommerce and cloud giant, the recent slide for shares and growing inflation concerns prompted some reflection.“Given macro uncertainty and lack of near-term catalysts, we are removing Amazon from Citi’s NAM Focus List,” a note released on Friday morning reads.The bank’s analyst Ronald Josey added that a weaker consumer in a more challenged macro environment could meaningfully impact earnings moving forward. Even Amazon (AMZN), he advised, will not be able to completely avoid the changing dynamics in consumer discretionary spending.Still, the Seattle-based behemoth remains a top pick for the internet sector and remains “Buy” rated at the bank. Josey indicated that while the removal from a “Focus List” indicates some trepidation, it does not break the overall bullish thesis on the stock. Indeed, the troubled consumer could prove positive for Amazon (AMZN) in his view.“We believe Amazon remains relatively well positioned to reaccelerate retail growth in [the second half of 2022] and we view July’s Prime Day and the upcoming Back-to-School and Holiday shopping seasons as core catalysts, particularly as comps get significantly easier beginning in [the third quarter] on what we believe are modest expectations,” Josey wrote. “To the extent other retailers pass on inflationary costs and fees to consumers via higher pricing, we believe Amazon is likely to follow to remain competitive on prices overall.”As a result of these encouraging dynamics, Josey indicated the current post-plunge entry point is quite promising even if there might be short-term pain.“We believe much of the risk is priced in, particularly for longer-term investors,” he wrote to clients, reiterating a $4,100 price target for shares.Shares of Amazon (AMZN) accelerated 1.78% to the upside 90 minutes prior to Friday's market open.","news_type":1},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021650737,"gmtCreate":1653050447829,"gmtModify":1676535214520,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021650737","repostId":"1136827320","repostType":4,"repost":{"id":"1136827320","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1653048212,"share":"https://ttm.financial/m/news/1136827320?lang=&edition=fundamental","pubTime":"2022-05-20 20:03","market":"us","language":"en","title":"Pre-Bell｜Nasdaq and S&P 500 Futures Rebounded Over 1%; Ross Stores Slumped Nearly 30%","url":"https://stock-news.laohu8.com/highlight/detail?id=1136827320","media":"Tiger Newspress","summary":"U.S. stock futures bounced early on Friday cutting into losses from earlier in the week that has sen","content":"<html><head></head><body><p>U.S. stock futures bounced early on Friday cutting into losses from earlier in the week that has sent the S&amp;P 500 to the cusp of a bear market and the Dow Jones Jones Industrial average on pace for its eighth negative week in a row.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 266 points, or 0.85%, S&amp;P 500 e-minis were up 41.75 points, or 1.07%, and Nasdaq 100 e-minis were up 171.75 points, or 1.45%.</p><p><img src=\"https://static.tigerbbs.com/985370b49ce51c9bee7d87e3ece497df\" tg-width=\"317\" tg-height=\"133\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/FL\">Foot Locker</a></b> – The athletic footwear and apparel retailer reported an adjusted quarterly profit of $1.60 per share, 5 cents above estimates. Revenue was slightly below forecasts, and same-store sales fell by less than half of what was anticipated by analysts. Foot Locker shares added 1% in the premarket.</p><p><b><a href=\"https://laohu8.com/S/DE\">John Deere</a></b> – The heavy equipment maker’s stock fell 4.4% in premarket trading after quarterly revenue missed Street forecasts. Deere beat earnings estimates by 10 cents, reporting $6.81 per share, as a jump in worldwide crop prices helped spur demand. The company also raised its annual profit outlook.</p><p><b><a href=\"https://laohu8.com/S/DASH\">DoorDash, Inc.</a></b> – Door Dash announced the authorization of a $400 million stock buyback program. The food delivery company said the move will offset dilution stemming from its employee stock compensation program. The stock added 2.2% in premarket action.</p><p><b><a href=\"https://laohu8.com/S/VFC\">VF Corp</a></b> – VF shares added 2.6% in premarket trading despite slight misses on the top and bottom lines for the latest quarter. The company behind apparel brands, such as North Face, Vans and Timberland, raised its full-year earnings forecast, based on expectations that there will be no additional Covid-19 lockdowns that impact production and that inflation will not worsen.</p><p><b><a href=\"https://laohu8.com/S/DECK\">Deckers Outdoor</a></b> – Deckers surged 13.8% in the premarket after the footwear company beat top and bottom-line estimates for its latest quarter. Deckers earned $2.51 per share, compared with a consensus estimate of $1.32, as net income more than doubled from a year earlier.</p><p><b><a href=\"https://laohu8.com/S/BA\">Boeing</a></b> – Boeing rose 2% in premarket action following the successful launch of its Starliner aircraft, which is now heading toward the International Space Station. The uncrewed flight came after months of delays.</p><p><b><a href=\"https://laohu8.com/S/ROST\">Ross</a></b> – Ross Stores slumped 27.4% in the premarket after the discount retailer posted top and bottom-line misses for its latest quarter and gave a downbeat forecast. Ross Stores said inflationary pressures have been exacerbated by the Ukraine conflict and that it is issuing conservative guidance due to uncertain macroeconomic conditions.</p><p><b><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a></b> – Palo Alto Networks rallied 12.1% in premarket trading after the cybersecurity company reported better-than-expected profit and revenue for its latest quarter. It also raised its full-year guidance for the third time.</p><p><b><a href=\"https://laohu8.com/S/AMAT\">Applied Materials</a></b> – Shares of the semiconductor manufacturing equipment maker fell 1.2% in the premarket after missing top and bottom-line estimates for its latest quarter. The company also issued a weaker-than-expected forecast. Supply chain issues for Applied Materials have been amplified by the Covid-19 lockdowns in China.</p><p><b><a href=\"https://laohu8.com/S/OLLI\">Ollie&#39;s Bargain Outlet</a></b> – The discount retailer’s shares jumped 6.4% in premarket trading after Bank of America Securities double-upgraded the stock to “buy” from “underperform.” BofA based its recommendation on a meaningful improvement in the supply of closeout items, due to over-ordering by retailers and a drop-off in consumer spending on durable goods.</p><p><b>Market News</b></p><p>The People&#39;s Bank of China said the five-year loan prime rate was cut to 4.45%, down from 4.6% previously. The cut was unexpected after the central bank kept the key policy rate--the medium-term lending facility that is used to price LPR by commercial banks--unchanged earlier in May.</p><p>In another twist of the topsy-turvy <b><a href=\"https://laohu8.com/S/TWTR\">Twitter</a></b> saga, Twitter officials told employees that Tesla CEO Elon Musk’s deal to buy the social media platform is still on. That had Twitter investors feeling a little bit better.</p><p>SpaceX founder and CEO Elon Musk said in a tweet late Thursday that “wild accusations” against him are not true. He did not explain what those accusations were. But his response came after a Business Insider report on Thursday said the aerospace company had paid $250,000 in severance to a flight attendant who accused the billionaire of sexual misconduct.</p><p><b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>-owned retailer Flipkart and listed healthcare chain Apollo Hospitals Enterprise are among potential strategic investors that have signed non-disclosure agreements with Metropolis, while <b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b> has held preliminary discussions.</p><p><b><a href=\"https://laohu8.com/S/BA\">Boeing</a></b>&#39;s new Starliner capsule was set for launch Thursday (May 19) on a do-over uncrewed test flight to the International Space Station, aiming to deliver the company a much-needed success after more than 2 years of delays and costly engineering setbacks.</p><p>Crown Resorts Ltd approved a $6.3 billion buyout by U.S. private equity giant <b><a href=\"https://laohu8.com/S/BX\">Blackstone Group LP</a></b> on Friday, with 99.91% of the votes cast at its scheme meeting in favour of the deal.</p><p><b><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a></b> downplayed a report that said it was looking at building a chip manufacturing plant in Singapore, noting it did not have any specific plans at the moment.</p><p><b><a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a></b> started trading in Singapore on Friday, the third exchange on which investors can trade the stock. It began trading at $16.90 and closed at $17.3 on the Singapore exchange.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Nasdaq and S&P 500 Futures Rebounded Over 1%; Ross Stores Slumped Nearly 30%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Nasdaq and S&P 500 Futures Rebounded Over 1%; Ross Stores Slumped Nearly 30%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-20 20:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures bounced early on Friday cutting into losses from earlier in the week that has sent the S&amp;P 500 to the cusp of a bear market and the Dow Jones Jones Industrial average on pace for its eighth negative week in a row.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 266 points, or 0.85%, S&amp;P 500 e-minis were up 41.75 points, or 1.07%, and Nasdaq 100 e-minis were up 171.75 points, or 1.45%.</p><p><img src=\"https://static.tigerbbs.com/985370b49ce51c9bee7d87e3ece497df\" tg-width=\"317\" tg-height=\"133\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/FL\">Foot Locker</a></b> – The athletic footwear and apparel retailer reported an adjusted quarterly profit of $1.60 per share, 5 cents above estimates. Revenue was slightly below forecasts, and same-store sales fell by less than half of what was anticipated by analysts. Foot Locker shares added 1% in the premarket.</p><p><b><a href=\"https://laohu8.com/S/DE\">John Deere</a></b> – The heavy equipment maker’s stock fell 4.4% in premarket trading after quarterly revenue missed Street forecasts. Deere beat earnings estimates by 10 cents, reporting $6.81 per share, as a jump in worldwide crop prices helped spur demand. The company also raised its annual profit outlook.</p><p><b><a href=\"https://laohu8.com/S/DASH\">DoorDash, Inc.</a></b> – Door Dash announced the authorization of a $400 million stock buyback program. The food delivery company said the move will offset dilution stemming from its employee stock compensation program. The stock added 2.2% in premarket action.</p><p><b><a href=\"https://laohu8.com/S/VFC\">VF Corp</a></b> – VF shares added 2.6% in premarket trading despite slight misses on the top and bottom lines for the latest quarter. The company behind apparel brands, such as North Face, Vans and Timberland, raised its full-year earnings forecast, based on expectations that there will be no additional Covid-19 lockdowns that impact production and that inflation will not worsen.</p><p><b><a href=\"https://laohu8.com/S/DECK\">Deckers Outdoor</a></b> – Deckers surged 13.8% in the premarket after the footwear company beat top and bottom-line estimates for its latest quarter. Deckers earned $2.51 per share, compared with a consensus estimate of $1.32, as net income more than doubled from a year earlier.</p><p><b><a href=\"https://laohu8.com/S/BA\">Boeing</a></b> – Boeing rose 2% in premarket action following the successful launch of its Starliner aircraft, which is now heading toward the International Space Station. The uncrewed flight came after months of delays.</p><p><b><a href=\"https://laohu8.com/S/ROST\">Ross</a></b> – Ross Stores slumped 27.4% in the premarket after the discount retailer posted top and bottom-line misses for its latest quarter and gave a downbeat forecast. Ross Stores said inflationary pressures have been exacerbated by the Ukraine conflict and that it is issuing conservative guidance due to uncertain macroeconomic conditions.</p><p><b><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a></b> – Palo Alto Networks rallied 12.1% in premarket trading after the cybersecurity company reported better-than-expected profit and revenue for its latest quarter. It also raised its full-year guidance for the third time.</p><p><b><a href=\"https://laohu8.com/S/AMAT\">Applied Materials</a></b> – Shares of the semiconductor manufacturing equipment maker fell 1.2% in the premarket after missing top and bottom-line estimates for its latest quarter. The company also issued a weaker-than-expected forecast. Supply chain issues for Applied Materials have been amplified by the Covid-19 lockdowns in China.</p><p><b><a href=\"https://laohu8.com/S/OLLI\">Ollie&#39;s Bargain Outlet</a></b> – The discount retailer’s shares jumped 6.4% in premarket trading after Bank of America Securities double-upgraded the stock to “buy” from “underperform.” BofA based its recommendation on a meaningful improvement in the supply of closeout items, due to over-ordering by retailers and a drop-off in consumer spending on durable goods.</p><p><b>Market News</b></p><p>The People&#39;s Bank of China said the five-year loan prime rate was cut to 4.45%, down from 4.6% previously. The cut was unexpected after the central bank kept the key policy rate--the medium-term lending facility that is used to price LPR by commercial banks--unchanged earlier in May.</p><p>In another twist of the topsy-turvy <b><a href=\"https://laohu8.com/S/TWTR\">Twitter</a></b> saga, Twitter officials told employees that Tesla CEO Elon Musk’s deal to buy the social media platform is still on. That had Twitter investors feeling a little bit better.</p><p>SpaceX founder and CEO Elon Musk said in a tweet late Thursday that “wild accusations” against him are not true. He did not explain what those accusations were. But his response came after a Business Insider report on Thursday said the aerospace company had paid $250,000 in severance to a flight attendant who accused the billionaire of sexual misconduct.</p><p><b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>-owned retailer Flipkart and listed healthcare chain Apollo Hospitals Enterprise are among potential strategic investors that have signed non-disclosure agreements with Metropolis, while <b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b> has held preliminary discussions.</p><p><b><a href=\"https://laohu8.com/S/BA\">Boeing</a></b>&#39;s new Starliner capsule was set for launch Thursday (May 19) on a do-over uncrewed test flight to the International Space Station, aiming to deliver the company a much-needed success after more than 2 years of delays and costly engineering setbacks.</p><p>Crown Resorts Ltd approved a $6.3 billion buyout by U.S. private equity giant <b><a href=\"https://laohu8.com/S/BX\">Blackstone Group LP</a></b> on Friday, with 99.91% of the votes cast at its scheme meeting in favour of the deal.</p><p><b><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a></b> downplayed a report that said it was looking at building a chip manufacturing plant in Singapore, noting it did not have any specific plans at the moment.</p><p><b><a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a></b> started trading in Singapore on Friday, the third exchange on which investors can trade the stock. It began trading at $16.90 and closed at $17.3 on the Singapore exchange.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136827320","content_text":"U.S. stock futures bounced early on Friday cutting into losses from earlier in the week that has sent the S&P 500 to the cusp of a bear market and the Dow Jones Jones Industrial average on pace for its eighth negative week in a row.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were up 266 points, or 0.85%, S&P 500 e-minis were up 41.75 points, or 1.07%, and Nasdaq 100 e-minis were up 171.75 points, or 1.45%.Pre-Market MoversFoot Locker – The athletic footwear and apparel retailer reported an adjusted quarterly profit of $1.60 per share, 5 cents above estimates. Revenue was slightly below forecasts, and same-store sales fell by less than half of what was anticipated by analysts. Foot Locker shares added 1% in the premarket.John Deere – The heavy equipment maker’s stock fell 4.4% in premarket trading after quarterly revenue missed Street forecasts. Deere beat earnings estimates by 10 cents, reporting $6.81 per share, as a jump in worldwide crop prices helped spur demand. The company also raised its annual profit outlook.DoorDash, Inc. – Door Dash announced the authorization of a $400 million stock buyback program. The food delivery company said the move will offset dilution stemming from its employee stock compensation program. The stock added 2.2% in premarket action.VF Corp – VF shares added 2.6% in premarket trading despite slight misses on the top and bottom lines for the latest quarter. The company behind apparel brands, such as North Face, Vans and Timberland, raised its full-year earnings forecast, based on expectations that there will be no additional Covid-19 lockdowns that impact production and that inflation will not worsen.Deckers Outdoor – Deckers surged 13.8% in the premarket after the footwear company beat top and bottom-line estimates for its latest quarter. Deckers earned $2.51 per share, compared with a consensus estimate of $1.32, as net income more than doubled from a year earlier.Boeing – Boeing rose 2% in premarket action following the successful launch of its Starliner aircraft, which is now heading toward the International Space Station. The uncrewed flight came after months of delays.Ross – Ross Stores slumped 27.4% in the premarket after the discount retailer posted top and bottom-line misses for its latest quarter and gave a downbeat forecast. Ross Stores said inflationary pressures have been exacerbated by the Ukraine conflict and that it is issuing conservative guidance due to uncertain macroeconomic conditions.Palo Alto Networks – Palo Alto Networks rallied 12.1% in premarket trading after the cybersecurity company reported better-than-expected profit and revenue for its latest quarter. It also raised its full-year guidance for the third time.Applied Materials – Shares of the semiconductor manufacturing equipment maker fell 1.2% in the premarket after missing top and bottom-line estimates for its latest quarter. The company also issued a weaker-than-expected forecast. Supply chain issues for Applied Materials have been amplified by the Covid-19 lockdowns in China.Ollie's Bargain Outlet – The discount retailer’s shares jumped 6.4% in premarket trading after Bank of America Securities double-upgraded the stock to “buy” from “underperform.” BofA based its recommendation on a meaningful improvement in the supply of closeout items, due to over-ordering by retailers and a drop-off in consumer spending on durable goods.Market NewsThe People's Bank of China said the five-year loan prime rate was cut to 4.45%, down from 4.6% previously. The cut was unexpected after the central bank kept the key policy rate--the medium-term lending facility that is used to price LPR by commercial banks--unchanged earlier in May.In another twist of the topsy-turvy Twitter saga, Twitter officials told employees that Tesla CEO Elon Musk’s deal to buy the social media platform is still on. That had Twitter investors feeling a little bit better.SpaceX founder and CEO Elon Musk said in a tweet late Thursday that “wild accusations” against him are not true. He did not explain what those accusations were. But his response came after a Business Insider report on Thursday said the aerospace company had paid $250,000 in severance to a flight attendant who accused the billionaire of sexual misconduct.Wal-Mart-owned retailer Flipkart and listed healthcare chain Apollo Hospitals Enterprise are among potential strategic investors that have signed non-disclosure agreements with Metropolis, while Amazon.com has held preliminary discussions.Boeing's new Starliner capsule was set for launch Thursday (May 19) on a do-over uncrewed test flight to the International Space Station, aiming to deliver the company a much-needed success after more than 2 years of delays and costly engineering setbacks.Crown Resorts Ltd approved a $6.3 billion buyout by U.S. private equity giant Blackstone Group LP on Friday, with 99.91% of the votes cast at its scheme meeting in favour of the deal.Taiwan Semiconductor Manufacturing downplayed a report that said it was looking at building a chip manufacturing plant in Singapore, noting it did not have any specific plans at the moment.NIO Inc. started trading in Singapore on Friday, the third exchange on which investors can trade the stock. It began trading at $16.90 and closed at $17.3 on the Singapore exchange.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":354342067,"gmtCreate":1617147875759,"gmtModify":1704696350440,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls cmt and like","listText":"Pls cmt and like","text":"Pls cmt and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/354342067","repostId":"1163996400","repostType":4,"repost":{"id":"1163996400","kind":"news","pubTimestamp":1617094880,"share":"https://ttm.financial/m/news/1163996400?lang=&edition=fundamental","pubTime":"2021-03-30 17:01","market":"us","language":"en","title":"Coursera: The Education Disruptor Goes Public","url":"https://stock-news.laohu8.com/highlight/detail?id=1163996400","media":"seekingalpha","summary":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic","content":"<p><b>Summary</b></p><ul><li>The company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.</li><li>It is operating in a huge addressable market that is likely to grow for the foreseeable future.</li><li>Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.</li><li>Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.</li><li>However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.</li></ul><p>Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.</p><p>Ng’sshareholder letter in the S-1articulated clearly just what the company is about:</p><blockquote>“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”</blockquote><p>The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).</p><p><b>Operating Results</b></p><p>The company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.</p><p>The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.</p><p>At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.</p><p><b>The Strategy and Market Opportunity</b></p><p>Coursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.</p><p>The platform offers a number of education tracks, for example:</p><ul><li>Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.</li><li>MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.</li><li>Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.</li><li>Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.</li></ul><p>In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).</p><p>The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.</p><p>A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.</p><p>Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.</p><p>The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.</p><p>In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.</p><p>The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.</p><p>Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.</p><p>With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.</p><p><b>Conclusion</b></p><p>Coursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.</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>Coursera: The Education Disruptor Goes Public</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\">\nCoursera: The Education Disruptor Goes Public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future....</p>\n\n<a href=\"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7cedd6cbf23bbe97eaec389fb0773ed6","relate_stocks":{"COUR":"Coursera, Inc."},"source_url":"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163996400","content_text":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future.Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.Ng’sshareholder letter in the S-1articulated clearly just what the company is about:“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).Operating ResultsThe company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.The Strategy and Market OpportunityCoursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.The platform offers a number of education tracks, for example:Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.ConclusionCoursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379486784,"gmtCreate":1618789940048,"gmtModify":1704714805423,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like n cmt","listText":"Pls like n cmt","text":"Pls like n cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/379486784","repostId":"1162662309","repostType":4,"repost":{"id":"1162662309","kind":"news","pubTimestamp":1618762645,"share":"https://ttm.financial/m/news/1162662309?lang=&edition=fundamental","pubTime":"2021-04-19 00:17","market":"us","language":"en","title":"Stocks To Watch: Apple Event, Disney Callout And Earnings Blitz","url":"https://stock-news.laohu8.com/highlight/detail?id=1162662309","media":"seekingalpha","summary":"Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify.Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across ","content":"<p>Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify(click the highlighted links).</p><p>Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across sectors. Of note, the follow-up conference calls from Coca-Cola(NYSE:KO), Netflix(NASDAQ:NFLX)and Intel(NASDAQ:INTC)could be on the interesting side. On the vaccine front, the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet late this week to consider recommendations for Johnson &amp; Johnson's(NYSE:JNJ)shot, which has been linked to rare blood clots in the brain.</p><p><b>Earnings spotlight:</b>&nbsp;Earnings season heats up in a big way with reports due in from Coca-Cola (KO), IBM(NYSE:IBM)and United Airlines(NASDAQ:UAL)on April 19; Johnson &amp; Johnson (JNJ), Procter &amp; Gamble(NYSE:PG), Philip Morris International(NYSE:PM), Abbott Labs(NYSE:ABT)and Netflix (NFLX) on April 20; Anthem(NYSE:ANTM), Verizon(NYSE:VZ), Chipotle(NYSE:CMG)and Lam Research(NASDAQ:LRCX)on April 21; AT&amp;T(NYSE:T), Dow(NYSE:DOW), Intel (INTC), Seagate Tech(NASDAQ:STX)and Mattel(NASDAQ:MAT)on April 22; as well as American Express(NYSE:AXP)and Honeywell(NYSE:HON)on April 23.</p><p><img src=\"https://static.tigerbbs.com/522c9bdad799a71c4e6bad965f9f00f3\" tg-width=\"1530\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p><b>IPO watch:</b>&nbsp;IPOs expected to start trading during the week include UiPAth (PATH), DoubleVerify (DV) and NeuroPace (NPCE) on April 20, as well as Zymergern (ZY) and KnowBe4 (KNBE) on April 22. IPO lockup periods expire on Datto Holding(NYSE:MSP), Topaz Energy(NYSE:TPZ), McAfee(NASDAQ:MCFE), Guild Holdings(NYSE:GHLD), Foghorn Therapeutics(NASDAQ:FHTX)and ComSovereign Holding(NASDAQ:COMS). The analyst quiet period expires on ThredUp(NASDAQ:TDUP)on April 20 to free up analysts to post ratings. Shares of Trip.com(NASDAQ:TRIP)will begin trading in Hong Kong this week following a new listing.</p><p><b>Apple event:</b>&nbsp;Apple(NASDAQ:AAPL)holds an event on April 20 called \"Spring Loaded\" to show off new products. Information out of Cupertino has been pretty tight, but the company could reveal new iPads, new iMacs, new AirPods, AirTags, a new Apple TV and possibly a new Apple Pencil.</p><p><b>Projected dividend increases (quarterly):</b>&nbsp;Expected dividend boosts for the week include Comfort Systems USA(NYSE:FIX)to $0.125 from $0.1115, HP Enterprise(NYSE:HPE)to $0.1275 from $0.12, Pool Corp(NASDAQ:POOL)to $0.61 from $0.58, Johnson &amp; Johnson to $1.06 from $1.01, Travelers(NYSE:TRV)to $0.88 from $0.85, Southern Company(NYSE:SO)to $0.66 from $0.64, Kinder Morgan(NYSE:KMI)to $0.27 from $0.2625 and Nasdaq(NASDAQ:NDAQ)to $0.50 from $0.49.</p><p><b>M&amp;A tidbits:</b>&nbsp;The highly-anticipated Aphria(NASDAQ:APHA)-Tilray(NASDAQ:TLRY)merger is expected to close on April 20. The tender offer on the GenMark Diagnostics(NASDAQ:GNMK)-Roche(OTCQX:RHHBY)deal expires on April 21. GW Pharmaceuticals(NASDAQ:GWPH)shareholders vote on the Jazz Pharmaceuticals(NASDAQ:JAZZ)deal on April 23.</p><p><b>ARK Invest watch:</b>&nbsp;Investors may want to keep an eye on Coinbase Global(NASDAQ:COIN)after ARK Invest came in Friday with a purchase of 19,599 shares for the ARK Fintech Innovation ETF(NYSEARCA:ARKF)and 112,539 shares for the ARK Innovation ETF(NYSEARCA:ARKK). Cathie Wood's firm also defended Silvergate(NYSE:SI)after its mid-week stumble likely in response to the Coinbase IPO. \"Investors potentially took profits to diversify their exposure to crypto in the public markets. \"In our view, the Silvergate Exchange Network, with its strong network effects, positions Silvergate as both a facilitator and a prime beneficiary of increased crypto adoption,\" ARK reasons.</p><p><b>Corporate spotlight:</b>&nbsp;Major events this week include strategic updates from Advance Auto Parts(NYSE:AAP)and Royal Gold(NYSE:GOLD)on April 20, as well as investor days for Dye &amp; Durham(OTC:DYNDF)and SMART Global(NASDAQ:SGH). On April 21, MGM Resorts(NYSE:MGM)and Entain(OTCPK:GMVHF)along with their U.S. venture BetMGM will host a business update event for analysts and investors. The event will provide deeper insights into the rapidly growing U.S. sports betting and iGaming business of BetMGM. A new forecast on the industry's total addressable market could be a share price catalyst for DraftKings(NASDAQ:DKNG)and Penn National Gaming(NASDAQ:PENN)as well. Check outSeeking Alpha's Catalyst Watch for a detailed list of more events to watch.</p><p><b>Conferences rundown:</b>&nbsp;Notable conferences running during the week include the H.C Wainwright Spring Mining Conference, Linley Spring Processor Conference 2021, the Kempen Life Sciences Conference, the Jefferies Microbiome-based Therapeutics Summit 2021 and the Stifel GMP &amp; Stifel First Energy Canada Cross Sector Insight Conference 2021. Check outSeeking Alpha's Catalyst Watch for a detailed list of events to watch.</p><p><b>Barron's mentions:</b>&nbsp;Disney(NYSE:DIS)makes the cover of Barron's this week as the media giant is given credit for positioning itself for post-COVID growth. Disney is said to have come out ahead after CEO Bob Chapek and team faced the severest of financial stress tests. \"When parks and theaters emptied out a year ago, costs kept rolling in, and the fastest-growing part of the business, streaming, was consuming cash—as it still is. Yet, Disney generated $3.6 billion in free cash during its fiscal year ended last September. It’s seen producing $3.3 billion this year before the numbers begin a sharp rebound,\" notes Jack Hough. While the movie business is still sputtering to restart and the TV business is seen holding steady at best, streaming results have shattered forecasts. Disney+ smashed expectations in piling up 100M in less than 18 months, compared to the 10 years it took Netflix to hit that level. Disney is targeting 300M to 350M subscribers by 2024 across all of its streaming platforms, including Hulu, ESPN+, Hotstar in India, and Star+ in Latin America (launches in June). PetIQ(NASDAQ:PETQ)and O'Reilly Automotive(NASDAQ:ORLY)also land favorable write-ups this week.</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>Stocks To Watch: Apple Event, Disney Callout And Earnings Blitz</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\">\nStocks To Watch: Apple Event, Disney Callout And Earnings Blitz\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-19 00:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4419571-stocks-to-watch-apple-event-disney-callout-and-earnings-blitz><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday ...</p>\n\n<a href=\"https://seekingalpha.com/article/4419571-stocks-to-watch-apple-event-disney-callout-and-earnings-blitz\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4419571-stocks-to-watch-apple-event-disney-callout-and-earnings-blitz","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162662309","content_text":"Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify(click the highlighted links).Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across sectors. Of note, the follow-up conference calls from Coca-Cola(NYSE:KO), Netflix(NASDAQ:NFLX)and Intel(NASDAQ:INTC)could be on the interesting side. On the vaccine front, the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet late this week to consider recommendations for Johnson & Johnson's(NYSE:JNJ)shot, which has been linked to rare blood clots in the brain.Earnings spotlight: Earnings season heats up in a big way with reports due in from Coca-Cola (KO), IBM(NYSE:IBM)and United Airlines(NASDAQ:UAL)on April 19; Johnson & Johnson (JNJ), Procter & Gamble(NYSE:PG), Philip Morris International(NYSE:PM), Abbott Labs(NYSE:ABT)and Netflix (NFLX) on April 20; Anthem(NYSE:ANTM), Verizon(NYSE:VZ), Chipotle(NYSE:CMG)and Lam Research(NASDAQ:LRCX)on April 21; AT&T(NYSE:T), Dow(NYSE:DOW), Intel (INTC), Seagate Tech(NASDAQ:STX)and Mattel(NASDAQ:MAT)on April 22; as well as American Express(NYSE:AXP)and Honeywell(NYSE:HON)on April 23.IPO watch: IPOs expected to start trading during the week include UiPAth (PATH), DoubleVerify (DV) and NeuroPace (NPCE) on April 20, as well as Zymergern (ZY) and KnowBe4 (KNBE) on April 22. IPO lockup periods expire on Datto Holding(NYSE:MSP), Topaz Energy(NYSE:TPZ), McAfee(NASDAQ:MCFE), Guild Holdings(NYSE:GHLD), Foghorn Therapeutics(NASDAQ:FHTX)and ComSovereign Holding(NASDAQ:COMS). The analyst quiet period expires on ThredUp(NASDAQ:TDUP)on April 20 to free up analysts to post ratings. Shares of Trip.com(NASDAQ:TRIP)will begin trading in Hong Kong this week following a new listing.Apple event: Apple(NASDAQ:AAPL)holds an event on April 20 called \"Spring Loaded\" to show off new products. Information out of Cupertino has been pretty tight, but the company could reveal new iPads, new iMacs, new AirPods, AirTags, a new Apple TV and possibly a new Apple Pencil.Projected dividend increases (quarterly): Expected dividend boosts for the week include Comfort Systems USA(NYSE:FIX)to $0.125 from $0.1115, HP Enterprise(NYSE:HPE)to $0.1275 from $0.12, Pool Corp(NASDAQ:POOL)to $0.61 from $0.58, Johnson & Johnson to $1.06 from $1.01, Travelers(NYSE:TRV)to $0.88 from $0.85, Southern Company(NYSE:SO)to $0.66 from $0.64, Kinder Morgan(NYSE:KMI)to $0.27 from $0.2625 and Nasdaq(NASDAQ:NDAQ)to $0.50 from $0.49.M&A tidbits: The highly-anticipated Aphria(NASDAQ:APHA)-Tilray(NASDAQ:TLRY)merger is expected to close on April 20. The tender offer on the GenMark Diagnostics(NASDAQ:GNMK)-Roche(OTCQX:RHHBY)deal expires on April 21. GW Pharmaceuticals(NASDAQ:GWPH)shareholders vote on the Jazz Pharmaceuticals(NASDAQ:JAZZ)deal on April 23.ARK Invest watch: Investors may want to keep an eye on Coinbase Global(NASDAQ:COIN)after ARK Invest came in Friday with a purchase of 19,599 shares for the ARK Fintech Innovation ETF(NYSEARCA:ARKF)and 112,539 shares for the ARK Innovation ETF(NYSEARCA:ARKK). Cathie Wood's firm also defended Silvergate(NYSE:SI)after its mid-week stumble likely in response to the Coinbase IPO. \"Investors potentially took profits to diversify their exposure to crypto in the public markets. \"In our view, the Silvergate Exchange Network, with its strong network effects, positions Silvergate as both a facilitator and a prime beneficiary of increased crypto adoption,\" ARK reasons.Corporate spotlight: Major events this week include strategic updates from Advance Auto Parts(NYSE:AAP)and Royal Gold(NYSE:GOLD)on April 20, as well as investor days for Dye & Durham(OTC:DYNDF)and SMART Global(NASDAQ:SGH). On April 21, MGM Resorts(NYSE:MGM)and Entain(OTCPK:GMVHF)along with their U.S. venture BetMGM will host a business update event for analysts and investors. The event will provide deeper insights into the rapidly growing U.S. sports betting and iGaming business of BetMGM. A new forecast on the industry's total addressable market could be a share price catalyst for DraftKings(NASDAQ:DKNG)and Penn National Gaming(NASDAQ:PENN)as well. Check outSeeking Alpha's Catalyst Watch for a detailed list of more events to watch.Conferences rundown: Notable conferences running during the week include the H.C Wainwright Spring Mining Conference, Linley Spring Processor Conference 2021, the Kempen Life Sciences Conference, the Jefferies Microbiome-based Therapeutics Summit 2021 and the Stifel GMP & Stifel First Energy Canada Cross Sector Insight Conference 2021. Check outSeeking Alpha's Catalyst Watch for a detailed list of events to watch.Barron's mentions: Disney(NYSE:DIS)makes the cover of Barron's this week as the media giant is given credit for positioning itself for post-COVID growth. Disney is said to have come out ahead after CEO Bob Chapek and team faced the severest of financial stress tests. \"When parks and theaters emptied out a year ago, costs kept rolling in, and the fastest-growing part of the business, streaming, was consuming cash—as it still is. Yet, Disney generated $3.6 billion in free cash during its fiscal year ended last September. It’s seen producing $3.3 billion this year before the numbers begin a sharp rebound,\" notes Jack Hough. While the movie business is still sputtering to restart and the TV business is seen holding steady at best, streaming results have shattered forecasts. Disney+ smashed expectations in piling up 100M in less than 18 months, compared to the 10 years it took Netflix to hit that level. Disney is targeting 300M to 350M subscribers by 2024 across all of its streaming platforms, including Hulu, ESPN+, Hotstar in India, and Star+ in Latin America (launches in June). PetIQ(NASDAQ:PETQ)and O'Reilly Automotive(NASDAQ:ORLY)also land favorable write-ups this week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136906236,"gmtCreate":1621988502525,"gmtModify":1704365470644,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/136906236","repostId":"2138196079","repostType":4,"repost":{"id":"2138196079","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1621972828,"share":"https://ttm.financial/m/news/2138196079?lang=&edition=fundamental","pubTime":"2021-05-26 04:00","market":"us","language":"en","title":"US STOCKS-Wall Street pauses as investors eye inflation clues","url":"https://stock-news.laohu8.com/highlight/detail?id=2138196079","media":"Reuters","summary":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news","content":"<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)</p><ul><li>Boeing rises on 14 new orders for 737 MAX jets</li><li>Lordstown slumps after halving truck production target</li></ul><p>May 25 (Reuters) - U.S. stocks closed slightly lower on Tuesday, and each of Wall Street's main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.</p><p>Yields on longer-dated U.S. Treasuries fell for a fourth straight day, with the benchmark 10-year yield    hitting a fresh two-week low of 1.56% and helping to dampen inflation worries. The yield had climbed to as much as 1.776% at the end of March.</p><p>Federal Reserve officials continue to downplay rising price pressures, and Fed Vice Chair Richard Clarida said the central bank can take steps to cool a jump in inflation, if it occurs, without derailing the economic rebound coming out of the coronavirus pandemic.</p><p>While most market participants expect prices to increase as the economy recovers, concerns about the speed and trajectory of the rise persist.</p><p>\"Maybe the bond market is not all that far out of balance,\" said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis, who says the bond market doesn't seem that concerned about inflation at the moment.</p><p>\"It's a combination that maybe the Fed is correct but also that the Fed for the first time showed they are beginning to talk about tapering (of bond purchases), which is also a comforting sign that there is still a heartbeat of inflation fighting in the Federal Reserve.\"</p><p>Unofficially, the Dow Jones Industrial Average    fell 83.93 points, or 0.24%, to 34,310.05, the S&amp;P 500    lost 8.91 points, or 0.21%, to 4,188.14 and the Nasdaq Composite</p><p>dropped 2.30 points, or 0.02%, to 13,658.87.</p><p>Energy, down about 2%, was the weakest sector on the day with Exxon Mobil Corp    the biggest weight on the S&amp;P 500, after sources said BlackRock Inc    has backed several candidates of hedge fund Engine No. 1 to join the energy giant's board.</p><p>Real estate   , was a bright spot, benefiting from the pause in yields. Data on Tuesday showed sales of new U.S. single-family homes dropped in April as prices surged amid a tight supply of houses, while a separate report showed U.S. consumer confidence was little changed and near last month's number that was the highest reading since February 2020.</p><p>The S&amp;P 500 sits about 1% from its May 7 all-time high as the focus turns to the U.S. Personal Consumption Expenditures report, the Fed's preferred measure of inflation, to be released on Thursday. A much stronger than expected reading on consumer prices two weeks ago re-ignited inflation fears and stoked market volatility.</p><p>Airline stocks, part of the \"reopening\" trade, rose after United Airlines    and Hawaiian Holdings    issued upbeat air traffic and ticket sale estimates that sent their shares up.</p><p>Boeing    gained after aircraft leasing business SMBC Aviation Capital agreed to buy 14 more 737 MAX jets.</p><p>Lordstown Motors Corp    slumped after the electric vehicle startup said that 2021 production of its Endurance truck would be half of prior expectations and it needs additional capital to execute its plans.</p><p>(Reporting by Chuck Mikolajczak; Editing by Aurora Ellis)</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>US STOCKS-Wall Street pauses as investors eye inflation clues</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\">\nUS STOCKS-Wall Street pauses as investors eye inflation clues\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\">2021-05-26 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)</p><ul><li>Boeing rises on 14 new orders for 737 MAX jets</li><li>Lordstown slumps after halving truck production target</li></ul><p>May 25 (Reuters) - U.S. stocks closed slightly lower on Tuesday, and each of Wall Street's main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.</p><p>Yields on longer-dated U.S. Treasuries fell for a fourth straight day, with the benchmark 10-year yield    hitting a fresh two-week low of 1.56% and helping to dampen inflation worries. The yield had climbed to as much as 1.776% at the end of March.</p><p>Federal Reserve officials continue to downplay rising price pressures, and Fed Vice Chair Richard Clarida said the central bank can take steps to cool a jump in inflation, if it occurs, without derailing the economic rebound coming out of the coronavirus pandemic.</p><p>While most market participants expect prices to increase as the economy recovers, concerns about the speed and trajectory of the rise persist.</p><p>\"Maybe the bond market is not all that far out of balance,\" said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis, who says the bond market doesn't seem that concerned about inflation at the moment.</p><p>\"It's a combination that maybe the Fed is correct but also that the Fed for the first time showed they are beginning to talk about tapering (of bond purchases), which is also a comforting sign that there is still a heartbeat of inflation fighting in the Federal Reserve.\"</p><p>Unofficially, the Dow Jones Industrial Average    fell 83.93 points, or 0.24%, to 34,310.05, the S&amp;P 500    lost 8.91 points, or 0.21%, to 4,188.14 and the Nasdaq Composite</p><p>dropped 2.30 points, or 0.02%, to 13,658.87.</p><p>Energy, down about 2%, was the weakest sector on the day with Exxon Mobil Corp    the biggest weight on the S&amp;P 500, after sources said BlackRock Inc    has backed several candidates of hedge fund Engine No. 1 to join the energy giant's board.</p><p>Real estate   , was a bright spot, benefiting from the pause in yields. Data on Tuesday showed sales of new U.S. single-family homes dropped in April as prices surged amid a tight supply of houses, while a separate report showed U.S. consumer confidence was little changed and near last month's number that was the highest reading since February 2020.</p><p>The S&amp;P 500 sits about 1% from its May 7 all-time high as the focus turns to the U.S. Personal Consumption Expenditures report, the Fed's preferred measure of inflation, to be released on Thursday. A much stronger than expected reading on consumer prices two weeks ago re-ignited inflation fears and stoked market volatility.</p><p>Airline stocks, part of the \"reopening\" trade, rose after United Airlines    and Hawaiian Holdings    issued upbeat air traffic and ticket sale estimates that sent their shares up.</p><p>Boeing    gained after aircraft leasing business SMBC Aviation Capital agreed to buy 14 more 737 MAX jets.</p><p>Lordstown Motors Corp    slumped after the electric vehicle startup said that 2021 production of its Endurance truck would be half of prior expectations and it needs additional capital to execute its plans.</p><p>(Reporting by Chuck Mikolajczak; Editing by Aurora Ellis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","DXD":"道指两倍做空ETF","PSQ":"纳指反向ETF","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF","SDS":"两倍做空标普500ETF","TQQQ":"纳指三倍做多ETF",".DJI":"道琼斯","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","DOG":"道指反向ETF",".SPX":"S&P 500 Index","OEX":"标普100","BA":"波音","UPRO":"三倍做多标普500ETF","UDOW":"道指三倍做多ETF-ProShares","QID":"纳指两倍做空ETF","SH":"标普500反向ETF","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF","DJX":"1/100道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138196079","content_text":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)Boeing rises on 14 new orders for 737 MAX jetsLordstown slumps after halving truck production targetMay 25 (Reuters) - U.S. stocks closed slightly lower on Tuesday, and each of Wall Street's main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.Yields on longer-dated U.S. Treasuries fell for a fourth straight day, with the benchmark 10-year yield    hitting a fresh two-week low of 1.56% and helping to dampen inflation worries. The yield had climbed to as much as 1.776% at the end of March.Federal Reserve officials continue to downplay rising price pressures, and Fed Vice Chair Richard Clarida said the central bank can take steps to cool a jump in inflation, if it occurs, without derailing the economic rebound coming out of the coronavirus pandemic.While most market participants expect prices to increase as the economy recovers, concerns about the speed and trajectory of the rise persist.\"Maybe the bond market is not all that far out of balance,\" said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis, who says the bond market doesn't seem that concerned about inflation at the moment.\"It's a combination that maybe the Fed is correct but also that the Fed for the first time showed they are beginning to talk about tapering (of bond purchases), which is also a comforting sign that there is still a heartbeat of inflation fighting in the Federal Reserve.\"Unofficially, the Dow Jones Industrial Average    fell 83.93 points, or 0.24%, to 34,310.05, the S&P 500    lost 8.91 points, or 0.21%, to 4,188.14 and the Nasdaq Compositedropped 2.30 points, or 0.02%, to 13,658.87.Energy, down about 2%, was the weakest sector on the day with Exxon Mobil Corp    the biggest weight on the S&P 500, after sources said BlackRock Inc    has backed several candidates of hedge fund Engine No. 1 to join the energy giant's board.Real estate   , was a bright spot, benefiting from the pause in yields. Data on Tuesday showed sales of new U.S. single-family homes dropped in April as prices surged amid a tight supply of houses, while a separate report showed U.S. consumer confidence was little changed and near last month's number that was the highest reading since February 2020.The S&P 500 sits about 1% from its May 7 all-time high as the focus turns to the U.S. Personal Consumption Expenditures report, the Fed's preferred measure of inflation, to be released on Thursday. A much stronger than expected reading on consumer prices two weeks ago re-ignited inflation fears and stoked market volatility.Airline stocks, part of the \"reopening\" trade, rose after United Airlines    and Hawaiian Holdings    issued upbeat air traffic and ticket sale estimates that sent their shares up.Boeing    gained after aircraft leasing business SMBC Aviation Capital agreed to buy 14 more 737 MAX jets.Lordstown Motors Corp    slumped after the electric vehicle startup said that 2021 production of its Endurance truck would be half of prior expectations and it needs additional capital to execute its plans.(Reporting by Chuck Mikolajczak; Editing by Aurora Ellis)","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581761980405366","authorId":"3581761980405366","name":"J288","avatar":"https://static.tigerbbs.com/f139ffb0e1f3cec014732c0986adcded","crmLevel":4,"crmLevelSwitch":1,"idStr":"3581761980405366","authorIdStr":"3581761980405366"},"content":"help me pls. Tq","text":"help me pls. Tq","html":"help me pls. Tq"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378344802,"gmtCreate":1619006137506,"gmtModify":1704718163390,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like n cmt","listText":"Pls like n cmt","text":"Pls like n cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/378344802","repostId":"2129829074","repostType":4,"repost":{"id":"2129829074","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1618979520,"share":"https://ttm.financial/m/news/2129829074?lang=&edition=fundamental","pubTime":"2021-04-21 12:32","market":"hk","language":"en","title":"UiPath IPO: 5 things to know about the 'software robots' company valued at nearly $30 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2129829074","media":"Dow Jones","summary":"UiPath increased customers by 33% during pandemic by making automation software that is marketed toward employees without software-development knowledge or experience.UiPath Inc. is launching its initial public offering at a valuation close to what it received from venture-capital investors, with help from automation it cheerfully calls \"software robots.\". UiPath $$ makes software that helps automate business tasks, and sets itself apart from rivals by allowing employees without coding experienc","content":"<blockquote>UiPath increased customers by 33% during pandemic by making automation software that is marketed toward employees without software-development knowledge or experience.</blockquote><p>UiPath Inc. is launching its initial public offering at a valuation close to what it received from venture-capital investors, with help from automation it cheerfully calls \"software robots.\"</p><p>UiPath <a href=\"https://laohu8.com/S/PATH.UK\">$(PATH.UK)$</a> makes software that helps automate business tasks, and sets itself apart from rivals by allowing employees without coding experience to customize artificial-intelligence capabilities.</p><p>\"Traditional automation solutions intended to reduce this friction have generally been designed to be used by developers and engineers, rather than the employees directly involved in executing the actual work being automated,\" the company said in its filing with the Securities and Exchange Commission.</p><p>\"Our platform leverages the power of artificial intelligence, or AI, based computer vision to enable our software robots to perform a vast array of actions as a human would when executing business processes,\" the company said. \"These actions include, but are not limited to, logging into applications, extracting information from documents, moving folders, filling in forms, and updating information fields and databases.\"</p><p>Late Tuesday, UiPath priced its IPO at $56 a share, raising more than $1.3 billion and giving the company an initial market capitalization of $29.1 billion, which is less than the self-valuation of $35 billion  following a $750 million round of venture funding on Feb. 1. It's expected to begin trading Wednesday on the New York Stock Exchange under the ticker \"PATH.\"</p><p>UiPath originally filed for its IPO on March 26   have opted for a direct listing instead.</p><p>The New York-based company originally said it was registering up to 24.5 million shares, at a range of $43 to $50 a share, to raise up to $1.22 billion. On Monday, it hiked the range to between $52 and $54 a share  and increased the number of shares it planned to offer.</p><p><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, J.P. Morgan, B of A Securities, Credit Suisse, Barclays, and Wells Fargo Securities are among the underwriters.</p><p><b>Here are five things to know about UiPath:</b></p><p><b>The 'humble' company notes rapid expansion</b></p><p>In the S-1, UiPath Chief Executive, Chairman and co-founder Daniel Dines wrote about his company having \"humility\" as a core value, in that it allows its developers to listen and adapt quickly to the needs of the customer. Founded in Bucharest, Romania, in 2005, the company was incorporated in Delaware six years ago after working its way up from \"10 people in an apartment in Romania,\" Dines wrote.</p><p>\"We went against the rules of perfecting the business model first in <a href=\"https://laohu8.com/S/AONE\">one</a> territory, and instead we rapidly expanded globally to the United States, Europe, and Asia simultaneously,\" the CEO wrote in a letter.</p><p>At a current annualized renewal run rate, or ARR, of $580 million, UiPath bills itself as \"<a href=\"https://laohu8.com/S/AONE.U\">one</a> of the fastest-growing modern enterprise software companies ever.\" ARR is a metric often used by software-as-a-service companies to show how much revenue the company can expect based on subscriptions.</p><p>While UiPath notes International Data Corp. sees the automation software market at $17 billion in 2020, with an expected rise to $30 billion by 2024, the company said its \"fully automated enterprise\" software gives it a current market opportunity of more than $60 billion.</p><p><b>CEO holds most of the cards</b></p><p>Since 2015, UiPath has raised about $2 billion in eight funding rounds, according to Crunchbase. That funding doesn't appear to have bought much voting power in the company, though.</p><p>UiPath's Class B shares carry 35 votes, while Class A shares -- being offered in the IPO -- carry one vote. The S-1 filing revealed that CEO Dines holds 100% of the Class B shares and 6.5% of the Class A shares, for 88.1% of the voting power.</p><p>The only entity that comes close to that is venture-capital firm Accel, which began building its stake in 2017, and now claims about 101 million Class A shares, or 24% of those shares, for 3.1% of the voting power. Earlybird Management, with 9.5% of Class A shares, commands 1.2% of the votes.</p><p><b>The company has reined in expenses</b></p><p>For the fiscal year 2021 ended Jan. 30, the company booked $607.6 million in revenue for a loss of $92.4 million, compared with $336.2 million in revenue for a loss of $519.9 million in fiscal 2020. In 2018, UiPath reported fiscal 2019 revenue of $148.5 million and a loss of $261.6 million.</p><p>As revenue rose 81% for fiscal 2021, UiPath reduced sales and marketing costs by 21%, research and development costs by 16%, and general and administrative expenses by 10%.</p><p><b>No specific plans for the funds</b></p><p>If underwriters exercise all option for shares in the offering, UiPath expects to bring in net proceeds of about $1.34 billion, based on a $56 stock price. With about $357.7 million in ready cash on the books as of Jan. 31, the company isn't earmarking raised capital for any specific use.</p><p>\"As of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to us from this offering,\" the company said in its April 19 filing. \"However, we currently intend to use the net proceeds we receive from this offering for general corporate purposes, including working capital, operating expenses, and capital expenditures.\"</p><p><b>COVID-19 boosted diverse customer base</b></p><p>As of Jan. 31, the company claimed having nearly 8,000 customers, with 63% of the those in the Fortune Global 500. About 1,000 of those customers account for more than $100,000 in ARR apiece, UiPath said. The company highlighted such customers as Adobe Inc. <a href=\"https://laohu8.com/S/ADBE\">$(ADBE)$</a>, Applied Materials Inc. <a href=\"https://laohu8.com/S/AMAT\">$(AMAT)$</a>, Chevron Corp. <a href=\"https://laohu8.com/S/CVX\">$(CVX)$</a>, Chipotle Mexican Grill Inc. <a href=\"https://laohu8.com/S/CMG\">$(CMG)$</a>, CrowdStrike Holdings Inc. <a href=\"https://laohu8.com/S/CRWD\">$(CRWD)$</a>, CVS Health Corp. <a href=\"https://laohu8.com/S/CVS\">$(CVS)$</a> and Uber Technologies Inc. <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a>.</p><p>That's compared with the 700-or-so customers the company claimed in 2018.</p><p>The company's current customer base is spread out enough where one customer can't upset revenue significantly.  \"No customer or channel partner accounted for more than 10% of our revenue for the year-ended January 31, 2021,\" according to the S-1.</p><p>Meanwhile, the COVID-19 pandemic helped. On Jan. 31, 2020, the company said it had about 6,000 customers, so during the year of the pandemic alone, UiPath grew its number of customers by 33%.</p><p>\"As the pandemic persisted, global demand for automation continued to accelerate as automation became essential for business execution and performance in a remote working environment,\" UiPath said.</p><p>\"While the pandemic may have accelerated the adoption of automation, the need for organizations to address extraordinary cost pressures, preserve and grow revenue, and adapt to ever-evolving end-customer needs illustrates the durability of the demand for digital transformation and the resilience and power of automation in even the most challenging times,\" according to the company.</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>UiPath IPO: 5 things to know about the 'software robots' company valued at nearly $30 billion</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\">\nUiPath IPO: 5 things to know about the 'software robots' company valued at nearly $30 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-04-21 12:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>UiPath increased customers by 33% during pandemic by making automation software that is marketed toward employees without software-development knowledge or experience.</blockquote><p>UiPath Inc. is launching its initial public offering at a valuation close to what it received from venture-capital investors, with help from automation it cheerfully calls \"software robots.\"</p><p>UiPath <a href=\"https://laohu8.com/S/PATH.UK\">$(PATH.UK)$</a> makes software that helps automate business tasks, and sets itself apart from rivals by allowing employees without coding experience to customize artificial-intelligence capabilities.</p><p>\"Traditional automation solutions intended to reduce this friction have generally been designed to be used by developers and engineers, rather than the employees directly involved in executing the actual work being automated,\" the company said in its filing with the Securities and Exchange Commission.</p><p>\"Our platform leverages the power of artificial intelligence, or AI, based computer vision to enable our software robots to perform a vast array of actions as a human would when executing business processes,\" the company said. \"These actions include, but are not limited to, logging into applications, extracting information from documents, moving folders, filling in forms, and updating information fields and databases.\"</p><p>Late Tuesday, UiPath priced its IPO at $56 a share, raising more than $1.3 billion and giving the company an initial market capitalization of $29.1 billion, which is less than the self-valuation of $35 billion  following a $750 million round of venture funding on Feb. 1. It's expected to begin trading Wednesday on the New York Stock Exchange under the ticker \"PATH.\"</p><p>UiPath originally filed for its IPO on March 26   have opted for a direct listing instead.</p><p>The New York-based company originally said it was registering up to 24.5 million shares, at a range of $43 to $50 a share, to raise up to $1.22 billion. On Monday, it hiked the range to between $52 and $54 a share  and increased the number of shares it planned to offer.</p><p><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, J.P. Morgan, B of A Securities, Credit Suisse, Barclays, and Wells Fargo Securities are among the underwriters.</p><p><b>Here are five things to know about UiPath:</b></p><p><b>The 'humble' company notes rapid expansion</b></p><p>In the S-1, UiPath Chief Executive, Chairman and co-founder Daniel Dines wrote about his company having \"humility\" as a core value, in that it allows its developers to listen and adapt quickly to the needs of the customer. Founded in Bucharest, Romania, in 2005, the company was incorporated in Delaware six years ago after working its way up from \"10 people in an apartment in Romania,\" Dines wrote.</p><p>\"We went against the rules of perfecting the business model first in <a href=\"https://laohu8.com/S/AONE\">one</a> territory, and instead we rapidly expanded globally to the United States, Europe, and Asia simultaneously,\" the CEO wrote in a letter.</p><p>At a current annualized renewal run rate, or ARR, of $580 million, UiPath bills itself as \"<a href=\"https://laohu8.com/S/AONE.U\">one</a> of the fastest-growing modern enterprise software companies ever.\" ARR is a metric often used by software-as-a-service companies to show how much revenue the company can expect based on subscriptions.</p><p>While UiPath notes International Data Corp. sees the automation software market at $17 billion in 2020, with an expected rise to $30 billion by 2024, the company said its \"fully automated enterprise\" software gives it a current market opportunity of more than $60 billion.</p><p><b>CEO holds most of the cards</b></p><p>Since 2015, UiPath has raised about $2 billion in eight funding rounds, according to Crunchbase. That funding doesn't appear to have bought much voting power in the company, though.</p><p>UiPath's Class B shares carry 35 votes, while Class A shares -- being offered in the IPO -- carry one vote. The S-1 filing revealed that CEO Dines holds 100% of the Class B shares and 6.5% of the Class A shares, for 88.1% of the voting power.</p><p>The only entity that comes close to that is venture-capital firm Accel, which began building its stake in 2017, and now claims about 101 million Class A shares, or 24% of those shares, for 3.1% of the voting power. Earlybird Management, with 9.5% of Class A shares, commands 1.2% of the votes.</p><p><b>The company has reined in expenses</b></p><p>For the fiscal year 2021 ended Jan. 30, the company booked $607.6 million in revenue for a loss of $92.4 million, compared with $336.2 million in revenue for a loss of $519.9 million in fiscal 2020. In 2018, UiPath reported fiscal 2019 revenue of $148.5 million and a loss of $261.6 million.</p><p>As revenue rose 81% for fiscal 2021, UiPath reduced sales and marketing costs by 21%, research and development costs by 16%, and general and administrative expenses by 10%.</p><p><b>No specific plans for the funds</b></p><p>If underwriters exercise all option for shares in the offering, UiPath expects to bring in net proceeds of about $1.34 billion, based on a $56 stock price. With about $357.7 million in ready cash on the books as of Jan. 31, the company isn't earmarking raised capital for any specific use.</p><p>\"As of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to us from this offering,\" the company said in its April 19 filing. \"However, we currently intend to use the net proceeds we receive from this offering for general corporate purposes, including working capital, operating expenses, and capital expenditures.\"</p><p><b>COVID-19 boosted diverse customer base</b></p><p>As of Jan. 31, the company claimed having nearly 8,000 customers, with 63% of the those in the Fortune Global 500. About 1,000 of those customers account for more than $100,000 in ARR apiece, UiPath said. The company highlighted such customers as Adobe Inc. <a href=\"https://laohu8.com/S/ADBE\">$(ADBE)$</a>, Applied Materials Inc. <a href=\"https://laohu8.com/S/AMAT\">$(AMAT)$</a>, Chevron Corp. <a href=\"https://laohu8.com/S/CVX\">$(CVX)$</a>, Chipotle Mexican Grill Inc. <a href=\"https://laohu8.com/S/CMG\">$(CMG)$</a>, CrowdStrike Holdings Inc. <a href=\"https://laohu8.com/S/CRWD\">$(CRWD)$</a>, CVS Health Corp. <a href=\"https://laohu8.com/S/CVS\">$(CVS)$</a> and Uber Technologies Inc. <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a>.</p><p>That's compared with the 700-or-so customers the company claimed in 2018.</p><p>The company's current customer base is spread out enough where one customer can't upset revenue significantly.  \"No customer or channel partner accounted for more than 10% of our revenue for the year-ended January 31, 2021,\" according to the S-1.</p><p>Meanwhile, the COVID-19 pandemic helped. On Jan. 31, 2020, the company said it had about 6,000 customers, so during the year of the pandemic alone, UiPath grew its number of customers by 33%.</p><p>\"As the pandemic persisted, global demand for automation continued to accelerate as automation became essential for business execution and performance in a remote working environment,\" UiPath said.</p><p>\"While the pandemic may have accelerated the adoption of automation, the need for organizations to address extraordinary cost pressures, preserve and grow revenue, and adapt to ever-evolving end-customer needs illustrates the durability of the demand for digital transformation and the resilience and power of automation in even the most challenging times,\" according to the company.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc.","PATH":"UiPath"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129829074","content_text":"UiPath increased customers by 33% during pandemic by making automation software that is marketed toward employees without software-development knowledge or experience.UiPath Inc. is launching its initial public offering at a valuation close to what it received from venture-capital investors, with help from automation it cheerfully calls \"software robots.\"UiPath $(PATH.UK)$ makes software that helps automate business tasks, and sets itself apart from rivals by allowing employees without coding experience to customize artificial-intelligence capabilities.\"Traditional automation solutions intended to reduce this friction have generally been designed to be used by developers and engineers, rather than the employees directly involved in executing the actual work being automated,\" the company said in its filing with the Securities and Exchange Commission.\"Our platform leverages the power of artificial intelligence, or AI, based computer vision to enable our software robots to perform a vast array of actions as a human would when executing business processes,\" the company said. \"These actions include, but are not limited to, logging into applications, extracting information from documents, moving folders, filling in forms, and updating information fields and databases.\"Late Tuesday, UiPath priced its IPO at $56 a share, raising more than $1.3 billion and giving the company an initial market capitalization of $29.1 billion, which is less than the self-valuation of $35 billion  following a $750 million round of venture funding on Feb. 1. It's expected to begin trading Wednesday on the New York Stock Exchange under the ticker \"PATH.\"UiPath originally filed for its IPO on March 26   have opted for a direct listing instead.The New York-based company originally said it was registering up to 24.5 million shares, at a range of $43 to $50 a share, to raise up to $1.22 billion. On Monday, it hiked the range to between $52 and $54 a share  and increased the number of shares it planned to offer.Morgan Stanley, J.P. Morgan, B of A Securities, Credit Suisse, Barclays, and Wells Fargo Securities are among the underwriters.Here are five things to know about UiPath:The 'humble' company notes rapid expansionIn the S-1, UiPath Chief Executive, Chairman and co-founder Daniel Dines wrote about his company having \"humility\" as a core value, in that it allows its developers to listen and adapt quickly to the needs of the customer. Founded in Bucharest, Romania, in 2005, the company was incorporated in Delaware six years ago after working its way up from \"10 people in an apartment in Romania,\" Dines wrote.\"We went against the rules of perfecting the business model first in one territory, and instead we rapidly expanded globally to the United States, Europe, and Asia simultaneously,\" the CEO wrote in a letter.At a current annualized renewal run rate, or ARR, of $580 million, UiPath bills itself as \"one of the fastest-growing modern enterprise software companies ever.\" ARR is a metric often used by software-as-a-service companies to show how much revenue the company can expect based on subscriptions.While UiPath notes International Data Corp. sees the automation software market at $17 billion in 2020, with an expected rise to $30 billion by 2024, the company said its \"fully automated enterprise\" software gives it a current market opportunity of more than $60 billion.CEO holds most of the cardsSince 2015, UiPath has raised about $2 billion in eight funding rounds, according to Crunchbase. That funding doesn't appear to have bought much voting power in the company, though.UiPath's Class B shares carry 35 votes, while Class A shares -- being offered in the IPO -- carry one vote. The S-1 filing revealed that CEO Dines holds 100% of the Class B shares and 6.5% of the Class A shares, for 88.1% of the voting power.The only entity that comes close to that is venture-capital firm Accel, which began building its stake in 2017, and now claims about 101 million Class A shares, or 24% of those shares, for 3.1% of the voting power. Earlybird Management, with 9.5% of Class A shares, commands 1.2% of the votes.The company has reined in expensesFor the fiscal year 2021 ended Jan. 30, the company booked $607.6 million in revenue for a loss of $92.4 million, compared with $336.2 million in revenue for a loss of $519.9 million in fiscal 2020. In 2018, UiPath reported fiscal 2019 revenue of $148.5 million and a loss of $261.6 million.As revenue rose 81% for fiscal 2021, UiPath reduced sales and marketing costs by 21%, research and development costs by 16%, and general and administrative expenses by 10%.No specific plans for the fundsIf underwriters exercise all option for shares in the offering, UiPath expects to bring in net proceeds of about $1.34 billion, based on a $56 stock price. With about $357.7 million in ready cash on the books as of Jan. 31, the company isn't earmarking raised capital for any specific use.\"As of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to us from this offering,\" the company said in its April 19 filing. \"However, we currently intend to use the net proceeds we receive from this offering for general corporate purposes, including working capital, operating expenses, and capital expenditures.\"COVID-19 boosted diverse customer baseAs of Jan. 31, the company claimed having nearly 8,000 customers, with 63% of the those in the Fortune Global 500. About 1,000 of those customers account for more than $100,000 in ARR apiece, UiPath said. The company highlighted such customers as Adobe Inc. $(ADBE)$, Applied Materials Inc. $(AMAT)$, Chevron Corp. $(CVX)$, Chipotle Mexican Grill Inc. $(CMG)$, CrowdStrike Holdings Inc. $(CRWD)$, CVS Health Corp. $(CVS)$ and Uber Technologies Inc. $(UBER)$.That's compared with the 700-or-so customers the company claimed in 2018.The company's current customer base is spread out enough where one customer can't upset revenue significantly.  \"No customer or channel partner accounted for more than 10% of our revenue for the year-ended January 31, 2021,\" according to the S-1.Meanwhile, the COVID-19 pandemic helped. On Jan. 31, 2020, the company said it had about 6,000 customers, so during the year of the pandemic alone, UiPath grew its number of customers by 33%.\"As the pandemic persisted, global demand for automation continued to accelerate as automation became essential for business execution and performance in a remote working environment,\" UiPath said.\"While the pandemic may have accelerated the adoption of automation, the need for organizations to address extraordinary cost pressures, preserve and grow revenue, and adapt to ever-evolving end-customer needs illustrates the durability of the demand for digital transformation and the resilience and power of automation in even the most challenging times,\" according to the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569477879515338","authorId":"3569477879515338","name":"EmmanuelQeen","avatar":"https://static.tigerbbs.com/229c717db2c50af149c3454594cc38dd","crmLevel":4,"crmLevelSwitch":0,"idStr":"3569477879515338","authorIdStr":"3569477879515338"},"content":"ok, pls give a response to this reply. tq!","text":"ok, pls give a response to this reply. tq!","html":"ok, pls give a response to this reply. tq!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345539741,"gmtCreate":1618322794183,"gmtModify":1704709159364,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like n cmt","listText":"Pls like n cmt","text":"Pls like n cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/345539741","repostId":"1194635432","repostType":4,"repost":{"id":"1194635432","kind":"news","pubTimestamp":1618236146,"share":"https://ttm.financial/m/news/1194635432?lang=&edition=fundamental","pubTime":"2021-04-12 22:02","market":"us","language":"en","title":"Can You Make Coin Investing In Coinbase?","url":"https://stock-news.laohu8.com/highlight/detail?id=1194635432","media":"seekingalpha","summary":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the ","content":"<p><b>Summary</b></p><ul><li>Coinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.</li><li>With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.</li><li>Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.</li><li>Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.</li></ul><p>I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?</p><p>At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.</p><p><b>Fundamental Risks 1: The US Regulatory Landscape</b></p><p>The US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.</p><p>Coinbase has the 2nd smallest coin listings</p><p>Coin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.</p><p>Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at &gt;20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.</p><p>SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)</p><p>In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.</p><p>XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.</p><p>Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.</p><p>Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.</p><p><img src=\"https://static.tigerbbs.com/5bf68da62452a794c5daaa60ac989840\" tg-width=\"554\" tg-height=\"576\" referrerpolicy=\"no-referrer\">Source: Table created by Author fromCoinMarketCap</p><p><b>Other Regulatory Risks</b></p><p>Regulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.</p><p>Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.</p><p>Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.</p><p><b>Fundamental Risk 2: Losing a Winner-Takes-All Market</b></p><p>There are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.</p><p>Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.</p><p>On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.</p><p>In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).</p><p>Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.</p><p>In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.</p><p><img src=\"https://static.tigerbbs.com/01ca6dafd2b567bd920c5e9f8edc8fbb\" tg-width=\"640\" tg-height=\"202\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Valuation</b></p><p>The tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.</p><p>Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.</p><p>Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.</p><p>Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.</p><p>Table 3:Coinbase's Revenue from 2016-2020<img src=\"https://static.tigerbbs.com/de8396c363230e04130e43f63d653956\" tg-width=\"640\" tg-height=\"231\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 4:Coinbase's Profit from 2016-2020<img src=\"https://static.tigerbbs.com/be2327ad800bd3524a3aaa57e3a0b17f\" tg-width=\"640\" tg-height=\"208\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 5:Coinbase's Historical Valuations<img src=\"https://static.tigerbbs.com/4b1fd86395ee1b0e38f1f6fd472f84bd\" tg-width=\"640\" tg-height=\"159\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Verdict</b></p><p>In my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.</p><p>The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.</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>Can You Make Coin Investing In Coinbase?</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 You Make Coin Investing In Coinbase?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 22:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one\">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://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1194635432","content_text":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.Fundamental Risks 1: The US Regulatory LandscapeThe US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.Coinbase has the 2nd smallest coin listingsCoin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at >20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.Source: Table created by Author fromCoinMarketCapOther Regulatory RisksRegulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.Fundamental Risk 2: Losing a Winner-Takes-All MarketThere are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.Source:BusinessofAppsValuationThe tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.Table 3:Coinbase's Revenue from 2016-2020Source:BusinessofAppsTable 4:Coinbase's Profit from 2016-2020Source:BusinessofAppsTable 5:Coinbase's Historical ValuationsSource:BusinessofAppsVerdictIn my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343421531,"gmtCreate":1617751085723,"gmtModify":1704702526857,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like and cmt","listText":"Pls like and cmt","text":"Pls like and cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/343421531","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","kind":"news","pubTimestamp":1617672655,"share":"https://ttm.financial/m/news/1101907559?lang=&edition=fundamental","pubTime":"2021-04-06 09:30","market":"us","language":"en","title":"Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time","url":"https://stock-news.laohu8.com/highlight/detail?id=1101907559","media":"marketwatch","summary":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were","content":"<blockquote>\n <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>\n</blockquote>\n<p>Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p>\n<p>In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p>\n<p>Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p>\n<p>The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p>\n<p>A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p>\n<p><b>Unregulated money managers</b></p>\n<p>Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p>\n<p>This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p>\n<p>The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p>\n<p>But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p>\n<p><b>Danger of counterparty risk</b></p>\n<p>This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p>\n<p>So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p>\n<p>One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p>\n<p>But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p>\n<p><b>Yellen on the case</b></p>\n<p>This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p>\n<p>Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p>\n<p>The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</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>Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time</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\">\nOpinion: Financial crises get triggered about every 10 years — Archegos might be right on time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of ...</p>\n\n<a href=\"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?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":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101907559","content_text":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.\nIn 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.\nExactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.\nThe trend? Every 10 years or so, and they all look different. Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?\nA family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.\nUnregulated money managers\nHere’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)\nThis appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player Vipshop Holdings Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company GSX Techedu Inc.GSX,-10.63%and U.S. media companiesViacomCBS Inc.VIAC,-3.90%and Discovery Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.\nThe problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%, Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc. NMR,+1.87%.\nBut since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.\nDanger of counterparty risk\nThis is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.\nSo is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.\nOne peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.\nBut federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.\nYellen on the case\nThis issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”\nMost financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.\nThe Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?","news_type":1},"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325738858,"gmtCreate":1615935515974,"gmtModify":1704788566251,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like and cmt","listText":"Pls like and cmt","text":"Pls like and cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/325738858","repostId":"1115937529","repostType":4,"repost":{"id":"1115937529","kind":"news","pubTimestamp":1615909804,"share":"https://ttm.financial/m/news/1115937529?lang=&edition=fundamental","pubTime":"2021-03-16 23:50","market":"us","language":"en","title":"After winning with ‘disruptive’ stocks, this five-star manager has a few more ideas to share","url":"https://stock-news.laohu8.com/highlight/detail?id=1115937529","media":"marketwatch","summary":"Pacira BioSciences, Planet Fitness and Lyft are among the next hottest stocks, says Macquarie’s Alex","content":"<blockquote>Pacira BioSciences, Planet Fitness and Lyft are among the next hottest stocks, says Macquarie’s Alexander Ely.</blockquote><p>The world is about to step out of a dark hole and into the bright sunshine, so investors should drop the anxiety already.</p><p>That is the message from Alexander Ely, chief investment officer of U.S. equity growth at Macquarie Investment Management. “The economy is reopening, it’s doing great. We’re coming out of a pandemic. It’s going to be awesome,” he told MarketWatch in a recent interview.</p><p>It appears some investors are thinking along the same lines, as value and cyclical stocks take off in anticipation of a recovery from the deadly COVID-19 pandemic that has rocked the world for a year. And smaller companies, cogs in the wheels of the economy, have also been rising with the Russell 2000RUT,-1.04%up 18% so far this year.</p><p><img src=\"https://static.tigerbbs.com/0c5bdd22708619636702dcbaabe90f52\" tg-width=\"654\" tg-height=\"342\" referrerpolicy=\"no-referrer\"></p><p>“Smaller companies and mid caps, to an extent as well, are more levered to an expansion in the markets. And that’s why we believe smaller cap companies will do better,” said Ely. He focuses on what he calls “disruptive” stocks of companies that offer a “better, cheaper, faster way of doing things.”</p><p>And Ely appears to have a knack for picking those stocks. Ad-tech group Trade DeskTTD,5.29%and mobile-payments processor SquareSQ,-0.99%,two companieshe highlighted last yearto MarketWatch, returned over 200% each last year. His five-star rated fund, Delaware Smid [small and mid] Cap GrowthDFCIX,+1.09%has had average annual returns of 34% over the past three years and 28% for five years. The fund has been in the top performance quartile of its “midcap growth” peer group for 15 years,according to Morningstar.</p><p>Headed into the pandemic, Ely said it was best to own companies involving crowds or a recovery. “And now that we’re coming back out of it, there’s a couple of areas that we think have particular strengths,” he said.</p><p>His first pick is Pacira BioSciencesPCRX,-0.47%,a maker of non-opioid local anesthesia that plays into a dramatic rebound in medical procedures he sees coming. Knee replacements and similar procedures had been increasing 2% to 4% every year for about 40 years, apart from a flat year between 2008 and 2009. But they fell 15% last year as people avoided hospitals because of COVID-19, notes Ely.</p><p>“We see these coming back. You can’t put off getting your knee done, or your ankle done, or your hip done forever,” he said. Pacira’s products will cut the risk of an opioid addiction, he adds, pointing to data showing 40% of people who end up addicted got there as the result of surgery.</p><p>While opiates have been popular because they’re cheap and get the job done, the playing field for companies like Pacira has been leveled thanks to a bipartisan opiates support bill of a couple of years ago that subsidizes non-opioid anesthesia, he noted.</p><p>His next pick taps into what everyone is looking for — companies levered to consumers or consumer interaction. “I have kids in their late 20s, late teens — they can’t wait to get back out there and go to an event, go back to the gym, go to restaurants, travel, what have you,” he said.</p><p>That leads him to stocks like ride-hailing group LyftLYFT,-2.67%,which he said has been getting costs under control and is specifically leveraged to helping consumers return to those activities. Lyft and rival Uber TechnologiesUBER,-0.56%,which Macquarie owns in larger portfolios, have both “shirked money-losing units, so they’re better prepared to show profits this year,” he said.</p><p>He also owns gym chain Planet FitnessPLNT,-1.17%.“I think after riding a bike indoors or what not for about a year, people are going to want to get back out there,” he said. “Planet Fitness is the largest by far, a clear leader in the value proposition growth area.”</p><p>Ely said he had been watching to see when Planet Fitness shares would start outperforming Peloton InteractivePTON,-0.82%.This is now happening, he notes, with the gym chain up 4% year-to-date and the maker of home-exercise equipment down 22%.</p><p><img src=\"https://static.tigerbbs.com/746ae77eabb740756a5c3121836df0b8\" tg-width=\"647\" tg-height=\"349\" referrerpolicy=\"no-referrer\"></p><p>Planet Fitness has “a lot of upside and fundamentals should improve significantly as we reopen over the next one month, two months, three months,” he said.</p><p>Ely also owns ProgynyPGNY,-1.17%,which he calls “one of the fastest-growing healthcare companies out there.” Progyny is a fertility-benefits provider for companies, with big Silicon Valley names such as MicrosoftMSFT,1.96%and FacebookFB,2.54%on its books.</p><p>“There’s a bunch of trends at play here. First off, people are having babies when they’re older, in general people are having more trouble having babies just flat out, and more and more corporations want to show that they care, and want to help employees in areas that they can. This is a terrific benefit for people to sign up for,” he said.</p><p>Many may have discovered during the pandemic problems with conceiving children, and may be ready to seek that treatment. Progyny did an initial public offering last January, went through the pandemic and did well, but then investors got rattled by some disappointment with revenue, Ely said.</p><p>“There’s nothing wrong with the business, they were just being conservative going into the year, which every company does” he said.</p><p>Ely reiterated the importance of investing early in an economic cycle, set to get kick-started by the recent U.S. fiscal stimulus package. “Right now, we are seven to eight months into a new economic cycle,” he said. Previous bull markets have lasted eight to nine years on average, and equities, notably small companies due to their leverage in an improving economy, tend to perform better, he added.</p><p>“The biggest risk to investors out there right now is not taking risk, [or being] blinded by these stories that the world isn’t going to be great. It’s going to be great, humanity is going to come through this drawdown in a terrific spot,” Ely said.</p>","source":"market_watch","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>After winning with ‘disruptive’ stocks, this five-star manager has a few more ideas to share</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\">\nAfter winning with ‘disruptive’ stocks, this five-star manager has a few more ideas to share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/after-winning-with-disruptive-stocks-this-five-star-manager-has-a-few-more-ideas-to-share-11615908335?mod=hp_LATEST&adobe_mc=MCMID%3D64822608045679797911274627916813576001%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1615909629><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pacira BioSciences, Planet Fitness and Lyft are among the next hottest stocks, says Macquarie’s Alexander Ely.The world is about to step out of a dark hole and into the bright sunshine, so investors ...</p>\n\n<a href=\"https://www.marketwatch.com/story/after-winning-with-disruptive-stocks-this-five-star-manager-has-a-few-more-ideas-to-share-11615908335?mod=hp_LATEST&adobe_mc=MCMID%3D64822608045679797911274627916813576001%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1615909629\">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","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/after-winning-with-disruptive-stocks-this-five-star-manager-has-a-few-more-ideas-to-share-11615908335?mod=hp_LATEST&adobe_mc=MCMID%3D64822608045679797911274627916813576001%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1615909629","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1115937529","content_text":"Pacira BioSciences, Planet Fitness and Lyft are among the next hottest stocks, says Macquarie’s Alexander Ely.The world is about to step out of a dark hole and into the bright sunshine, so investors should drop the anxiety already.That is the message from Alexander Ely, chief investment officer of U.S. equity growth at Macquarie Investment Management. “The economy is reopening, it’s doing great. We’re coming out of a pandemic. It’s going to be awesome,” he told MarketWatch in a recent interview.It appears some investors are thinking along the same lines, as value and cyclical stocks take off in anticipation of a recovery from the deadly COVID-19 pandemic that has rocked the world for a year. And smaller companies, cogs in the wheels of the economy, have also been rising with the Russell 2000RUT,-1.04%up 18% so far this year.“Smaller companies and mid caps, to an extent as well, are more levered to an expansion in the markets. And that’s why we believe smaller cap companies will do better,” said Ely. He focuses on what he calls “disruptive” stocks of companies that offer a “better, cheaper, faster way of doing things.”And Ely appears to have a knack for picking those stocks. Ad-tech group Trade DeskTTD,5.29%and mobile-payments processor SquareSQ,-0.99%,two companieshe highlighted last yearto MarketWatch, returned over 200% each last year. His five-star rated fund, Delaware Smid [small and mid] Cap GrowthDFCIX,+1.09%has had average annual returns of 34% over the past three years and 28% for five years. The fund has been in the top performance quartile of its “midcap growth” peer group for 15 years,according to Morningstar.Headed into the pandemic, Ely said it was best to own companies involving crowds or a recovery. “And now that we’re coming back out of it, there’s a couple of areas that we think have particular strengths,” he said.His first pick is Pacira BioSciencesPCRX,-0.47%,a maker of non-opioid local anesthesia that plays into a dramatic rebound in medical procedures he sees coming. Knee replacements and similar procedures had been increasing 2% to 4% every year for about 40 years, apart from a flat year between 2008 and 2009. But they fell 15% last year as people avoided hospitals because of COVID-19, notes Ely.“We see these coming back. You can’t put off getting your knee done, or your ankle done, or your hip done forever,” he said. Pacira’s products will cut the risk of an opioid addiction, he adds, pointing to data showing 40% of people who end up addicted got there as the result of surgery.While opiates have been popular because they’re cheap and get the job done, the playing field for companies like Pacira has been leveled thanks to a bipartisan opiates support bill of a couple of years ago that subsidizes non-opioid anesthesia, he noted.His next pick taps into what everyone is looking for — companies levered to consumers or consumer interaction. “I have kids in their late 20s, late teens — they can’t wait to get back out there and go to an event, go back to the gym, go to restaurants, travel, what have you,” he said.That leads him to stocks like ride-hailing group LyftLYFT,-2.67%,which he said has been getting costs under control and is specifically leveraged to helping consumers return to those activities. Lyft and rival Uber TechnologiesUBER,-0.56%,which Macquarie owns in larger portfolios, have both “shirked money-losing units, so they’re better prepared to show profits this year,” he said.He also owns gym chain Planet FitnessPLNT,-1.17%.“I think after riding a bike indoors or what not for about a year, people are going to want to get back out there,” he said. “Planet Fitness is the largest by far, a clear leader in the value proposition growth area.”Ely said he had been watching to see when Planet Fitness shares would start outperforming Peloton InteractivePTON,-0.82%.This is now happening, he notes, with the gym chain up 4% year-to-date and the maker of home-exercise equipment down 22%.Planet Fitness has “a lot of upside and fundamentals should improve significantly as we reopen over the next one month, two months, three months,” he said.Ely also owns ProgynyPGNY,-1.17%,which he calls “one of the fastest-growing healthcare companies out there.” Progyny is a fertility-benefits provider for companies, with big Silicon Valley names such as MicrosoftMSFT,1.96%and FacebookFB,2.54%on its books.“There’s a bunch of trends at play here. First off, people are having babies when they’re older, in general people are having more trouble having babies just flat out, and more and more corporations want to show that they care, and want to help employees in areas that they can. This is a terrific benefit for people to sign up for,” he said.Many may have discovered during the pandemic problems with conceiving children, and may be ready to seek that treatment. Progyny did an initial public offering last January, went through the pandemic and did well, but then investors got rattled by some disappointment with revenue, Ely said.“There’s nothing wrong with the business, they were just being conservative going into the year, which every company does” he said.Ely reiterated the importance of investing early in an economic cycle, set to get kick-started by the recent U.S. fiscal stimulus package. “Right now, we are seven to eight months into a new economic cycle,” he said. Previous bull markets have lasted eight to nine years on average, and equities, notably small companies due to their leverage in an improving economy, tend to perform better, he added.“The biggest risk to investors out there right now is not taking risk, [or being] blinded by these stories that the world isn’t going to be great. It’s going to be great, humanity is going to come through this drawdown in a terrific spot,” Ely said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367987216,"gmtCreate":1614904063835,"gmtModify":1704776749375,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like and cmt","listText":"Pls like and cmt","text":"Pls like and cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/367987216","repostId":"1151606825","repostType":4,"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093130692,"gmtCreate":1643548434829,"gmtModify":1676533830160,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093130692","repostId":"1157223555","repostType":4,"repost":{"id":"1157223555","kind":"news","pubTimestamp":1643443466,"share":"https://ttm.financial/m/news/1157223555?lang=&edition=fundamental","pubTime":"2022-01-29 16:04","market":"us","language":"en","title":"Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1157223555","media":"Bloomberg","summary":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve wi","content":"<html><head></head><body><p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.</p><p>Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.</p><p>Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.</p><p>The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.</p><p>Fed Kicks Off Most Aggressive Global Tightening in Decades</p><p>“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”</p><p>The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.</p><p>Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.</p><p>Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase &amp; Co. and Deutsche Bank AG see five.</p><p>Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.</p><p>Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year</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\">\nGoldman Sachs Predicts Fed Will Raise Rates Five Times This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan ...</p>\n\n<a href=\"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157223555","content_text":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.Fed Kicks Off Most Aggressive Global Tightening in Decades“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five.Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":61,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005955579,"gmtCreate":1642155143183,"gmtModify":1676533687285,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005955579","repostId":"2203761712","repostType":4,"repost":{"id":"2203761712","kind":"highlight","pubTimestamp":1642154400,"share":"https://ttm.financial/m/news/2203761712?lang=&edition=fundamental","pubTime":"2022-01-14 18:00","market":"us","language":"en","title":"3 Explosive Stocks to Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2203761712","media":"Motley Fool","summary":"The market sell-off isn't taking into account how strong these companies are.","content":"<html><head></head><body><p>Explosive, high-growth stocks have been hated by the stock market lately. Most are down significantly from their highs, and it&#39;s time to take advantage of these sale prices.</p><p>Three stocks with massive upside potential are <b>Crowdstrike </b>(NASDAQ:CRWD), <b>The Trade Desk</b> (NASDAQ:TTD), and <b>Twilio</b> (NYSE:TWLO). Each has both explosive growth and exciting 2022 prospects. Additionally, all are more than 30% below their all-time highs, giving investors a chance to buy at a bargain price.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a909bb3cfb7abaedc74cfef9296edc0a\" tg-width=\"700\" tg-height=\"423\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>1. Crowdstrike</h2><p>Crowdstrike&#39;s mission is simple: &#34;to stop breaches.&#34; To achieve that, Crowdstrike created a cloud-native security platform securing network endpoints like laptops and phones. Its software can be used by employees everywhere, not just in the office. Many cybersecurity companies exist, but Crowdstrike separates itself from the field with its threat graph. This competitive advantage uses artificial intelligence (AI) to gather data from other attacks across all of its customers and then use that information to prevent attacks locally.</p><p>Businesses have rapidly adopted Crowdstrike&#39;s technology. Crowdstrike&#39;s revenue increased 63% to $380 million during the third quarter by adding over 1,600 net new customers.  This brought its annual recurring revenue (ARR) up to $1.5 billion among more than 14,000 customers. While unprofitable now, more than half of Crowdstrike&#39;s operating expenses are sales and marketing costs, showcasing Crowdstrike&#39;s willingness to capture every available customer. Should management decide it is pleased with the number of customers and wants to transition its focus to prioritizing profitability, Crowdstrike could slash its marketing spend and turn a profit.</p><p>Crowdstrike isn&#39;t resting on its laurels. It recently opened up a new market by acquiring SecureCircle, extending Crowdstrike&#39;s endpoint defense capabilities to include data. Now employees can securely access software-as-a-service (SaaS) programs with large data sets. Management provided fourth-quarter estimates that would indicate revenue growth of 55% at the midpoint. The future looks bright for Crowdstrike, as it projects a $116 billion market opportunity in 2025 with its current and future offerings.</p><h2>2. The Trade Desk</h2><p>Advertisements are everywhere. A fine line exists between annoying ads and useful, targeted ones. The Trade Desk&#39;s demand-side platform matches advertisers with different opportunities across the internet, ensuring ads reach their intended audiences. Companies can even link their advertisement campaigns to certain business objectives to determine if they are having a measurable effect.</p><p>Many companies cut back on their advertisement spending during 2020 because of the uncertainty caused by the pandemic, but it came roaring back in 2021. The Trade Desk benefited from this trend and saw its revenue grow 39% to $301 million during Q3. Over the last nine months, its revenue has been up an impressive 55%. Unlike the other two stocks, The Trade Desk is profitable and sported a nearly 20% profit margin.</p><p>The Trade Desk sees a huge market opportunity in connected TV advertising. Inside the U.S., more than 87 million households are potential advertisement targets and represent a significant improvement over linear TV advertising. With tracking cookies going away, The Trade Desk&#39;s Unified ID 2.0 (UID2) solution respects user privacy while maintaining relevant advertising information. Customers have even found UID2 works better than cookies. The Trade Desk is ushering in a new advertising age and improving business outcomes along the way.</p><h2>3. Twilio</h2><p>Communicating with customers is key for businesses that want to maintain them. Twilio enables this by providing the tools necessary to interact with customers through email, text, or video. The uses for Twilio&#39;s messaging system are vast -- it can be used for marketing, conversations, user verification, or even mass alerts. Chances are that if a business has a desire to communicate with its clientele in a certain manner, Twilio can make it happen.</p><p>Twilio is a much larger company than the previous two, as its Q3 revenue was $740 million -- more than The Trade Desk and Crowdstrike combined. Its revenue grew 65%, but its organic revenue grew much slower at 38% once the contribution from its acquisitions made after Nov. 1, 2020 -- Segment and ZipWhip -- and fees imposed by U.S. carriers are removed. Organic revenue gives investors insight into how Twilio&#39;s core business is growing, without additional tailwinds.  Its customers spent 31 cents more for each dollar spent last quarter, showcasing Twilio&#39;s expansion potential.</p><p>Management is excited about Twilio&#39;s growth prospects, as they predicted organic growth of at least 30% over the next three years during its Q3 earnings call. Couple that with the multiple acquisitions Twilio has made, and its pursuit of connecting businesses with customers through all avenues of communication is on track.</p><p>One common Twilio criticism is its serial unprofitability. Twilio spends heavily on research and development as well as sales and marketing. As more customers come on board due to technological innovations or sales success, revenue growth will eventually allow Twilio to turn a profit, as long as expenses don&#39;t outpace the sales revenue.</p><p>During the last few months, each has seen their price-to-sales multiples decrease.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a11c35d83e30db73c5e2e8105e77503\" tg-width=\"720\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>CRWD PS Ratio data by YCharts</span></p><p>Twilio&#39;s valuation is quite a bit lower than Crowdstrike&#39;s and The Trade Desk&#39;s because its gross margin is only 51%, whereas the others are 75% and 81%, respectively. If all three become profitable, Twilio will likely generate fewer profits on a per-dollar basis because their product costs more than the other two. Regardless, these three companies have not seen their multiples fall below pre-pandemic levels. The growth that the pandemic provided each business has created a hefty tailwind, and they may never return to that lower threshold.</p><p>All three companies have expansion areas identified and are working to capture the market. The explosive revenue growth indicates current business execution as well. While past success is not a future indicator, it&#39;s the best tool investors have. With Crowdstrike, The Trade Desk, and Twilio, growth investors can be confident they are buying three winners.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Explosive Stocks to Buy Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Explosive Stocks to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-14 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/13/3-explosive-stocks-to-buy-right-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Explosive, high-growth stocks have been hated by the stock market lately. Most are down significantly from their highs, and it's time to take advantage of these sale prices.Three stocks with massive ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/13/3-explosive-stocks-to-buy-right-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4116":"互联网服务与基础架构","BK4560":"网络安全概念","TTD":"Trade Desk Inc.","BK4528":"SaaS概念","TWLO":"Twilio Inc","BK4110":"抵押房地产投资信托","BK4023":"应用软件","BK4532":"文艺复兴科技持仓","CRWD":"CrowdStrike Holdings, Inc.","ARR":"ARMOUR住宅房地产公司","BK4543":"AI","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","AI":"C3.ai, Inc.","BK4097":"系统软件"},"source_url":"https://www.fool.com/investing/2022/01/13/3-explosive-stocks-to-buy-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2203761712","content_text":"Explosive, high-growth stocks have been hated by the stock market lately. Most are down significantly from their highs, and it's time to take advantage of these sale prices.Three stocks with massive upside potential are Crowdstrike (NASDAQ:CRWD), The Trade Desk (NASDAQ:TTD), and Twilio (NYSE:TWLO). Each has both explosive growth and exciting 2022 prospects. Additionally, all are more than 30% below their all-time highs, giving investors a chance to buy at a bargain price.Image source: Getty Images.1. CrowdstrikeCrowdstrike's mission is simple: \"to stop breaches.\" To achieve that, Crowdstrike created a cloud-native security platform securing network endpoints like laptops and phones. Its software can be used by employees everywhere, not just in the office. Many cybersecurity companies exist, but Crowdstrike separates itself from the field with its threat graph. This competitive advantage uses artificial intelligence (AI) to gather data from other attacks across all of its customers and then use that information to prevent attacks locally.Businesses have rapidly adopted Crowdstrike's technology. Crowdstrike's revenue increased 63% to $380 million during the third quarter by adding over 1,600 net new customers.  This brought its annual recurring revenue (ARR) up to $1.5 billion among more than 14,000 customers. While unprofitable now, more than half of Crowdstrike's operating expenses are sales and marketing costs, showcasing Crowdstrike's willingness to capture every available customer. Should management decide it is pleased with the number of customers and wants to transition its focus to prioritizing profitability, Crowdstrike could slash its marketing spend and turn a profit.Crowdstrike isn't resting on its laurels. It recently opened up a new market by acquiring SecureCircle, extending Crowdstrike's endpoint defense capabilities to include data. Now employees can securely access software-as-a-service (SaaS) programs with large data sets. Management provided fourth-quarter estimates that would indicate revenue growth of 55% at the midpoint. The future looks bright for Crowdstrike, as it projects a $116 billion market opportunity in 2025 with its current and future offerings.2. The Trade DeskAdvertisements are everywhere. A fine line exists between annoying ads and useful, targeted ones. The Trade Desk's demand-side platform matches advertisers with different opportunities across the internet, ensuring ads reach their intended audiences. Companies can even link their advertisement campaigns to certain business objectives to determine if they are having a measurable effect.Many companies cut back on their advertisement spending during 2020 because of the uncertainty caused by the pandemic, but it came roaring back in 2021. The Trade Desk benefited from this trend and saw its revenue grow 39% to $301 million during Q3. Over the last nine months, its revenue has been up an impressive 55%. Unlike the other two stocks, The Trade Desk is profitable and sported a nearly 20% profit margin.The Trade Desk sees a huge market opportunity in connected TV advertising. Inside the U.S., more than 87 million households are potential advertisement targets and represent a significant improvement over linear TV advertising. With tracking cookies going away, The Trade Desk's Unified ID 2.0 (UID2) solution respects user privacy while maintaining relevant advertising information. Customers have even found UID2 works better than cookies. The Trade Desk is ushering in a new advertising age and improving business outcomes along the way.3. TwilioCommunicating with customers is key for businesses that want to maintain them. Twilio enables this by providing the tools necessary to interact with customers through email, text, or video. The uses for Twilio's messaging system are vast -- it can be used for marketing, conversations, user verification, or even mass alerts. Chances are that if a business has a desire to communicate with its clientele in a certain manner, Twilio can make it happen.Twilio is a much larger company than the previous two, as its Q3 revenue was $740 million -- more than The Trade Desk and Crowdstrike combined. Its revenue grew 65%, but its organic revenue grew much slower at 38% once the contribution from its acquisitions made after Nov. 1, 2020 -- Segment and ZipWhip -- and fees imposed by U.S. carriers are removed. Organic revenue gives investors insight into how Twilio's core business is growing, without additional tailwinds.  Its customers spent 31 cents more for each dollar spent last quarter, showcasing Twilio's expansion potential.Management is excited about Twilio's growth prospects, as they predicted organic growth of at least 30% over the next three years during its Q3 earnings call. Couple that with the multiple acquisitions Twilio has made, and its pursuit of connecting businesses with customers through all avenues of communication is on track.One common Twilio criticism is its serial unprofitability. Twilio spends heavily on research and development as well as sales and marketing. As more customers come on board due to technological innovations or sales success, revenue growth will eventually allow Twilio to turn a profit, as long as expenses don't outpace the sales revenue.During the last few months, each has seen their price-to-sales multiples decrease.CRWD PS Ratio data by YChartsTwilio's valuation is quite a bit lower than Crowdstrike's and The Trade Desk's because its gross margin is only 51%, whereas the others are 75% and 81%, respectively. If all three become profitable, Twilio will likely generate fewer profits on a per-dollar basis because their product costs more than the other two. Regardless, these three companies have not seen their multiples fall below pre-pandemic levels. The growth that the pandemic provided each business has created a hefty tailwind, and they may never return to that lower threshold.All three companies have expansion areas identified and are working to capture the market. The explosive revenue growth indicates current business execution as well. While past success is not a future indicator, it's the best tool investors have. With Crowdstrike, The Trade Desk, and Twilio, growth investors can be confident they are buying three winners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814655857,"gmtCreate":1630815658479,"gmtModify":1676530400360,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/814655857","repostId":"1157895022","repostType":4,"repost":{"id":"1157895022","kind":"news","pubTimestamp":1630810619,"share":"https://ttm.financial/m/news/1157895022?lang=&edition=fundamental","pubTime":"2021-09-05 10:56","market":"us","language":"en","title":"Beat the market with this quant system that’s very bullish on stocks at record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1157895022","media":"MarketWatch","summary":"Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do ","content":"<blockquote>\n <b>Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.</b>\n</blockquote>\n<p>Imagine you had a money-making machine to harvest gains in the stock market while you sat back to enjoy life.</p>\n<p>That’s everyone’s dream, right? Investor Vance Howard thinks he’s found it.</p>\n<p>Howard and his small army of computer programmers atHoward Capital Managementin Roswell, Ga., have a quantitative system that posts great returns.</p>\n<p>His HCM Tactical Growth Fund&nbsp;HCMGX,+0.35%beats its Russell 1000&nbsp;benchmark index and large-blend fund category by 8.5-10.4 percentage points annualized over the past five years, according to Morningstar. That is no small feat, and not only because it has to overcome a 2.22% fee. Beating the market is simply not easy. His HCM Dividend Sector PlusHCMQX,-0.05%) and HCM Income PlusHCMLX,+0.30%funds post similar outperformance.</p>\n<p>There are drawbacks, which I detail below. (Among them: Potentially long stretches of underperformance and regular tax bills.) But first, what can we learn from this winner?</p>\n<p>So-called quants never share all the details of their proprietary systems, but Howard shares a lot, as you’ll see. And this Texas rancher has a lot of good advice based on “horse sense” — not surprising, given his infectious passion for the markets, and his three decades of experience as a pro.</p>\n<p>Here are five lessons, 12 exchange traded funds (ETFs) and four stocks to consider, from a recent interview with him.</p>\n<p><b>Lesson #1: Don’t be emotional</b></p>\n<p>It’s no surprise so many people do poorly in the market. Evolution has programmed us to fail. For survival, we’ve learned to run from things that frightens us. And crave more of things that are pleasurable — like sweets or fats to store calories ahead of what might be a long stretch without food. But in the market, acting on the emotions of fear and greed invariably make us do the wrong thing at the wrong time. Sell at the bottom, buy at the top.</p>\n<p>Likewise, we’re programmed to believe being with the crowd brings safety. If you’re a zebra on the Savanna, you are more likely to get picked off by a predator if you go it alone. The problem here is being part of a crowd — and crowd psychology — dumb us down to a purely emotional level. This is why people in crowds do terrible things they would never do on their own. It doesn’t matter how smart you are. When you join a crowd, you lose a lot of IQ points. Base emotions take over.</p>\n<p>To do well in the market, you have to counteract these tendencies. “One of the biggest mistakes individual investors and money managers make is getting emotional,” says Howard. “Let your emotions go.”</p>\n<p><b>Lesson #2: Have a system and stick to it</b></p>\n<p>To exorcise emotion, have a system. “And don’t second guess it,” says Howard. “This keeps you from letting the pandemic or Afghanistan scare you out of the market.” He calls his system the HCM-BuyLine. It is basically a momentum and trend-following system — which often works well in the markets.</p>\n<p>The HCM-BuyLine basically works like this. First, rather than use the S&amp;P 500SPX,-0.03%or the Dow Jones Industrial AverageDJIA,-0.21%,Howard blends several stock indices to create his own index. Then he uses a moving average that tells him whether the market is in an uptrend or downtrend.</p>\n<p>When the moving average drops 3.5%, he sells 35%. If it drops 6.5%, he sells another 35%. He rarely goes to 100% cash.</p>\n<p>“If the BuyLine is positive, we will stay long no matter what,” he says. “We take all the emotion out of the equation by letting the math decide.”</p>\n<p>Right now, it’s bullish. (More on this below.)</p>\n<p>Your system also has to tell you when to get back in.</p>\n<p>“That’s where most people screw up,” he says. “They get out of the market, and they don’t know when to get back in.” The HCM-BuyLine gives a buy signal when his custom index trades above its moving average for six consecutive sessions, and then goes on to trade above the high hit during those six days.</p>\n<p>You don’t need a system that calls exact market tops or bottoms. Instead, the BuyLine keeps Howard out of down markets 85% of the time, and in for 85% of the good times.</p>\n<p>“If we can do that consistently, we have superior returns and a less stressful life,” he says. “Being all in during a bad tape is no fun.”</p>\n<p>His system is slow to get him out of the market, but quick to get him back in. Not even a 10% correction will necessarily move him out. He’s often buying those pullbacks. Getting back in fast makes sense, because recoveries off bottoms tend to happen fast.</p>\n<p>“The HCM-BuyLine takes all the emotion out of the process,” says Howard.</p>\n<p><b>Lesson #3: Don’t fight the tape</b></p>\n<p>This concept is one of the core pieces of wisdom from Marty Zweig’s classic book, “Winning on Wall Street.”</p>\n<p>“You have to stay on the right side of market,” agrees Howard. “If you try to trade long in a bad market, it is painful.”</p>\n<p>In other words, don’t try to be a hero.</p>\n<p>“Sometimes, not losing money is where you want to be,” he says.</p>\n<p>Likewise, don’t turn cautious just because the market hits new highs — like now. You should love new highs, because it is a sign of market strength that may likely endure.</p>\n<p><b>Lesson #4: Keep it simple</b></p>\n<p>As you’ll see below, Howard doesn’t use esoteric instruments such as derivatives, swaps or index options. He doesn’t even trade foreign stocks or currencies. This is refreshing for individual investors, because we have a harder time accessing those tools.</p>\n<p>“You don’t have to trade crazy stuff,” he says. “You can trade plain-vanilla ETFs and beat everybody out there.”</p>\n<p><b>Lesson #5: How to trade the current market</b></p>\n<p>First, be long.</p>\n<p>“The HCM-BuyLine is very positive. We are 100% in,” says Howard. “The market is broadening out. It is getting pretty exciting. We do not see it turn around any time soon. We are buying pullbacks.”</p>\n<p>One bullish signal is all the cash on the sidelines. “If there is any relief in Covid, we may see a big rally. We may end up with a great fall [season].”</p>\n<p>Howard uses momentum indicators to select stocks and ETFs, too. For sectors he favors the following.</p>\n<p>He likes health care, tradable through the iShares US HealthcareIYH,-0.04%and ProShares Ultra Health CareRXL,+0.12%ETFs. He’s turning more bullish on biotech, which he plays via the iShares Biotechnology ETFIBB,-0.11%.</p>\n<p>He likes consumer discretionary tradable through the iShares US Consumer ServicesIYC,-0.30%,and airlines via US Global JetsJETS,-1.17%.He also likes tech exposure via the Invesco QQQ TrustQQQ,+0.31%,iShares US TechnologyIYW,+0.50%and&nbsp;iShares SemiconductorSOXX,+0.75%.</p>\n<p>He likes small-caps via the Vanguard Small-Cap Growth Index FundVBK,+0.07%.And convertible bonds via SPDR Bloomberg Barclays Convertible SecuritiesCWB,+0.64%and iShares Convertible BondICVT,+0.37%.</p>\n<p>As for individual names, he singles out MicrosoftMSFT,-0.00%and AppleAAPL,+0.42%in tech, as well as Amazon.comAMZN,+0.43%and TeslaTSLA,+0.16%.</p>\n<p>Also consider Howard’s two ETFs: The HCM Defender 100 IndexQQH,+0.62%and HCM Defender 500 IndexLGH,+1.32%.</p>\n<p>He prefers to add to holdings on 1%-3% dips.</p>\n<p><b>A few drawbacks</b></p>\n<p>His HCM Tactical Growth fund has a history of posting two-year stretches of underperformance of 1.5% to 8.8%, since it was launched in 2015. The fund then came roaring back to net the very positive five-year outperformance cited above. Investing in his system can require patience.</p>\n<p>Every manager, including Warren Buffett, can have a stretch of underperformance, says Howard.</p>\n<p>“We are in the odds game,” he says. “Even in the odds game, you can have a bad hand or two thrown at you.”</p>\n<p>Another challenge is the high turnover, which is 140% a year for Tactical Growth. This means Uncle Sam takes a big cut in the good years. So if you buy Howard’s funds, you may want to do so in a tax-protected account.</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>Beat the market with this quant system that’s very bullish on stocks at record highs</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\">\nBeat the market with this quant system that’s very bullish on stocks at record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-05 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.\n\nImagine you had a money-making ...</p>\n\n<a href=\"https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157895022","content_text":"Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.\n\nImagine you had a money-making machine to harvest gains in the stock market while you sat back to enjoy life.\nThat’s everyone’s dream, right? Investor Vance Howard thinks he’s found it.\nHoward and his small army of computer programmers atHoward Capital Managementin Roswell, Ga., have a quantitative system that posts great returns.\nHis HCM Tactical Growth Fund HCMGX,+0.35%beats its Russell 1000 benchmark index and large-blend fund category by 8.5-10.4 percentage points annualized over the past five years, according to Morningstar. That is no small feat, and not only because it has to overcome a 2.22% fee. Beating the market is simply not easy. His HCM Dividend Sector PlusHCMQX,-0.05%) and HCM Income PlusHCMLX,+0.30%funds post similar outperformance.\nThere are drawbacks, which I detail below. (Among them: Potentially long stretches of underperformance and regular tax bills.) But first, what can we learn from this winner?\nSo-called quants never share all the details of their proprietary systems, but Howard shares a lot, as you’ll see. And this Texas rancher has a lot of good advice based on “horse sense” — not surprising, given his infectious passion for the markets, and his three decades of experience as a pro.\nHere are five lessons, 12 exchange traded funds (ETFs) and four stocks to consider, from a recent interview with him.\nLesson #1: Don’t be emotional\nIt’s no surprise so many people do poorly in the market. Evolution has programmed us to fail. For survival, we’ve learned to run from things that frightens us. And crave more of things that are pleasurable — like sweets or fats to store calories ahead of what might be a long stretch without food. But in the market, acting on the emotions of fear and greed invariably make us do the wrong thing at the wrong time. Sell at the bottom, buy at the top.\nLikewise, we’re programmed to believe being with the crowd brings safety. If you’re a zebra on the Savanna, you are more likely to get picked off by a predator if you go it alone. The problem here is being part of a crowd — and crowd psychology — dumb us down to a purely emotional level. This is why people in crowds do terrible things they would never do on their own. It doesn’t matter how smart you are. When you join a crowd, you lose a lot of IQ points. Base emotions take over.\nTo do well in the market, you have to counteract these tendencies. “One of the biggest mistakes individual investors and money managers make is getting emotional,” says Howard. “Let your emotions go.”\nLesson #2: Have a system and stick to it\nTo exorcise emotion, have a system. “And don’t second guess it,” says Howard. “This keeps you from letting the pandemic or Afghanistan scare you out of the market.” He calls his system the HCM-BuyLine. It is basically a momentum and trend-following system — which often works well in the markets.\nThe HCM-BuyLine basically works like this. First, rather than use the S&P 500SPX,-0.03%or the Dow Jones Industrial AverageDJIA,-0.21%,Howard blends several stock indices to create his own index. Then he uses a moving average that tells him whether the market is in an uptrend or downtrend.\nWhen the moving average drops 3.5%, he sells 35%. If it drops 6.5%, he sells another 35%. He rarely goes to 100% cash.\n“If the BuyLine is positive, we will stay long no matter what,” he says. “We take all the emotion out of the equation by letting the math decide.”\nRight now, it’s bullish. (More on this below.)\nYour system also has to tell you when to get back in.\n“That’s where most people screw up,” he says. “They get out of the market, and they don’t know when to get back in.” The HCM-BuyLine gives a buy signal when his custom index trades above its moving average for six consecutive sessions, and then goes on to trade above the high hit during those six days.\nYou don’t need a system that calls exact market tops or bottoms. Instead, the BuyLine keeps Howard out of down markets 85% of the time, and in for 85% of the good times.\n“If we can do that consistently, we have superior returns and a less stressful life,” he says. “Being all in during a bad tape is no fun.”\nHis system is slow to get him out of the market, but quick to get him back in. Not even a 10% correction will necessarily move him out. He’s often buying those pullbacks. Getting back in fast makes sense, because recoveries off bottoms tend to happen fast.\n“The HCM-BuyLine takes all the emotion out of the process,” says Howard.\nLesson #3: Don’t fight the tape\nThis concept is one of the core pieces of wisdom from Marty Zweig’s classic book, “Winning on Wall Street.”\n“You have to stay on the right side of market,” agrees Howard. “If you try to trade long in a bad market, it is painful.”\nIn other words, don’t try to be a hero.\n“Sometimes, not losing money is where you want to be,” he says.\nLikewise, don’t turn cautious just because the market hits new highs — like now. You should love new highs, because it is a sign of market strength that may likely endure.\nLesson #4: Keep it simple\nAs you’ll see below, Howard doesn’t use esoteric instruments such as derivatives, swaps or index options. He doesn’t even trade foreign stocks or currencies. This is refreshing for individual investors, because we have a harder time accessing those tools.\n“You don’t have to trade crazy stuff,” he says. “You can trade plain-vanilla ETFs and beat everybody out there.”\nLesson #5: How to trade the current market\nFirst, be long.\n“The HCM-BuyLine is very positive. We are 100% in,” says Howard. “The market is broadening out. It is getting pretty exciting. We do not see it turn around any time soon. We are buying pullbacks.”\nOne bullish signal is all the cash on the sidelines. “If there is any relief in Covid, we may see a big rally. We may end up with a great fall [season].”\nHoward uses momentum indicators to select stocks and ETFs, too. For sectors he favors the following.\nHe likes health care, tradable through the iShares US HealthcareIYH,-0.04%and ProShares Ultra Health CareRXL,+0.12%ETFs. He’s turning more bullish on biotech, which he plays via the iShares Biotechnology ETFIBB,-0.11%.\nHe likes consumer discretionary tradable through the iShares US Consumer ServicesIYC,-0.30%,and airlines via US Global JetsJETS,-1.17%.He also likes tech exposure via the Invesco QQQ TrustQQQ,+0.31%,iShares US TechnologyIYW,+0.50%and iShares SemiconductorSOXX,+0.75%.\nHe likes small-caps via the Vanguard Small-Cap Growth Index FundVBK,+0.07%.And convertible bonds via SPDR Bloomberg Barclays Convertible SecuritiesCWB,+0.64%and iShares Convertible BondICVT,+0.37%.\nAs for individual names, he singles out MicrosoftMSFT,-0.00%and AppleAAPL,+0.42%in tech, as well as Amazon.comAMZN,+0.43%and TeslaTSLA,+0.16%.\nAlso consider Howard’s two ETFs: The HCM Defender 100 IndexQQH,+0.62%and HCM Defender 500 IndexLGH,+1.32%.\nHe prefers to add to holdings on 1%-3% dips.\nA few drawbacks\nHis HCM Tactical Growth fund has a history of posting two-year stretches of underperformance of 1.5% to 8.8%, since it was launched in 2015. The fund then came roaring back to net the very positive five-year outperformance cited above. Investing in his system can require patience.\nEvery manager, including Warren Buffett, can have a stretch of underperformance, says Howard.\n“We are in the odds game,” he says. “Even in the odds game, you can have a bad hand or two thrown at you.”\nAnother challenge is the high turnover, which is 140% a year for Tactical Growth. This means Uncle Sam takes a big cut in the good years. So if you buy Howard’s funds, you may want to do so in a tax-protected account.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102065328,"gmtCreate":1620169258564,"gmtModify":1704339510070,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/102065328","repostId":"1191168108","repostType":4,"repost":{"id":"1191168108","kind":"news","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":1620139872,"share":"https://ttm.financial/m/news/1191168108?lang=&edition=fundamental","pubTime":"2021-05-04 22:51","market":"us","language":"en","title":"IPO Preview: Honest Company, Chinese Lifestyle Brand Onion Global, Hydroponic iPower Lead Group","url":"https://stock-news.laohu8.com/highlight/detail?id=1191168108","media":"Benzinga","summary":"The week of May 3 has several IPOs on the docket spread across sectors like consumer products, fashi","content":"<p>The week of May 3 has several IPOs on the docket spread across sectors like consumer products, fashion, banking, vaccines and hydroponics. Here is a look at this week’s top offerings and details investors should know.</p>\n<p><b>Waterdrop:</b>Working with insurance companies,<b>Waterdrop</b>NYSEWDHseeksto have a positive social impact with its technology platform. Waterdrop has over 79.4 million cumulative customers and over 340 million donors to its crowdfunding platform, which is the largest medical crowdfunding platform in China.</p>\n<p>Waterdrop works with 62 insurance carriers and offers over 200 products to help customers and those seeking help with medical bills. The company had revenue of $464.1 million in fiscal 2020. The company plans on offering 30 million American depositary shares at a price point of $10 to $12.</p>\n<p><b>Five Star Bancorp:</b>With branches in California,<b>Five Star Bancorp</b>NASDAQFSBCisa regional bank company focused on the Sacramento market. The company ended 2020 with $1.8 billion in deposits and $1.5 billion in loans.</p>\n<p>From 2016 to 2020, the company saw compounded annual growth of 23.5% for assets, 23.8% for loans and 23.7% for deposits. First quarter preliminary numbers saw deposits grow 11.2% from the fourth quarter and loans grow 2.6% from the fourth quarter. The company plans on selling 5.265 million shares at a price point of $18 to $20.</p>\n<p><b>The Honest Company:</b>Clean lifestyle product company<b>The Honest Company</b>NASDAQHNSTcouldbe the most-watched IPO this week. The company was founded by actress Jessica Alba in 2012 in response to finding clean products and non-allergic reactions from products after giving birth.</p>\n<p>The Honest Company prides itself in being “a conscious living company for today and tomorrow.” The company has grown from being a diapers-and-wipes company to covering every age and every life stage of its customers.</p>\n<p>The Honest Company had revenue of $235.6 million in fiscal 2020, up 27.6% year-over-year. Diapers and wipes made up 63% of 2020 revenue, up 16.4% year-over-year. Skin and personal care product revenue represented 26% of sales in 2020 and were up 55% year-over-year. Household and wellness sales made up 11% of sales and had year-over-year growth of 116.5% in 2020. The Honest Company products can be purchased online from the company or sites like<b>Amazon.com</b>AMZN 1.77%and in physical stores like<b>Costco Wholesale Corporation</b>COST 0.54%and<b>Target Corporation</b>TGT 0.23%.</p>\n<p>Founder Alba will not sell any shares in the IPO and will own an estimated 6.1% of the company after the offering. The company isseekingto sell 25.8 million shares at a price point of $14 to $17.</p>\n<p><b>Bowman Consulting Group:</b>Professional services company<b>Bowman Consulting Group</b>NASDAQBWMNoffersengineering solutions to customers. Bowman Consulting has over 2,200 customers who count on the company for services like planning, engineering, construction management, commissioning, geomatics, survey, land procurement and environmental consulting. The company had revenue of $122 million in the last fiscal year, up from $113.7 million in the prior year. Bowman Consulting plans to offer 3.1 million shares at a price point of $12 to $14.</p>\n<p><b>Valneva:</b>Vaccine company<b>Valneva</b>NASDAQVLAplansto sell 7.1 million ordinary shares (3.55 million ADSs) at a price of $28.24. The company is focused on vaccine development in infectious diseases. Target areas include Lyme disease, the Chikungunya virus and COVID-19. The company’s lead program VLA15 is in Phase 2 trials to treat Lyme disease and is partnered with<b>Pfizer Corporation</b>PFE 0.49%. Other clinical trials include VLA1553 to treat Chikungunya virus and VLA2001 to treat COVID-19. The company’s VLA1553 is the only known Phase 3 trial vaccine to treat Chikungunya, which could put it in the spotlight with spread to over 100 countries. Several of the company’s products have received Fast Track designation by the FDA.</p>\n<p><b>Onion Global:</b>Lifestyle brand company<b>Onion Global</b>NYSEOGplanson selling 12.5 million ADS at a price point of $7.25 to $9.25. The company targets fresh, fashionable and future brands, which it refers to as the 3Fs across China and parts of Asia. The company has over 4,000 brands in 23 categories sold in 43 countries. Onion Global is a top ten global lifestyle company in China. The company uses an omnichannel approach with its self operated ecommerce platform O’Mall, live streaming sales, third party sellers and offline sales. The company has 2.1 million active buyers and 15.5 million registered users.</p>\n<p><b>iPower:</b>Online hydroponic equipment seller<b>iPower Inc</b>NASDAQIPWplansto offer 5&nbsp;million shares at a price point of $9 to $11. The company offers its own brands and partnered brands through its websitewww.zenhydro.com. iPower-owned brands represented 76% of company sales in the six month period ending December 31, 2020. The company had sales of $26.2 million in the six month period ending December 31, 2020. Preliminary first-quarter revenue is expected to be in a range of $11.75 million to $12.75 million compared to $9.4 million in the prior year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IPO Preview: Honest Company, Chinese Lifestyle Brand Onion Global, Hydroponic iPower Lead Group</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: Honest Company, Chinese Lifestyle Brand Onion Global, Hydroponic iPower Lead Group\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\">2021-05-04 22:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The week of May 3 has several IPOs on the docket spread across sectors like consumer products, fashion, banking, vaccines and hydroponics. Here is a look at this week’s top offerings and details investors should know.</p>\n<p><b>Waterdrop:</b>Working with insurance companies,<b>Waterdrop</b>NYSEWDHseeksto have a positive social impact with its technology platform. Waterdrop has over 79.4 million cumulative customers and over 340 million donors to its crowdfunding platform, which is the largest medical crowdfunding platform in China.</p>\n<p>Waterdrop works with 62 insurance carriers and offers over 200 products to help customers and those seeking help with medical bills. The company had revenue of $464.1 million in fiscal 2020. The company plans on offering 30 million American depositary shares at a price point of $10 to $12.</p>\n<p><b>Five Star Bancorp:</b>With branches in California,<b>Five Star Bancorp</b>NASDAQFSBCisa regional bank company focused on the Sacramento market. The company ended 2020 with $1.8 billion in deposits and $1.5 billion in loans.</p>\n<p>From 2016 to 2020, the company saw compounded annual growth of 23.5% for assets, 23.8% for loans and 23.7% for deposits. First quarter preliminary numbers saw deposits grow 11.2% from the fourth quarter and loans grow 2.6% from the fourth quarter. The company plans on selling 5.265 million shares at a price point of $18 to $20.</p>\n<p><b>The Honest Company:</b>Clean lifestyle product company<b>The Honest Company</b>NASDAQHNSTcouldbe the most-watched IPO this week. The company was founded by actress Jessica Alba in 2012 in response to finding clean products and non-allergic reactions from products after giving birth.</p>\n<p>The Honest Company prides itself in being “a conscious living company for today and tomorrow.” The company has grown from being a diapers-and-wipes company to covering every age and every life stage of its customers.</p>\n<p>The Honest Company had revenue of $235.6 million in fiscal 2020, up 27.6% year-over-year. Diapers and wipes made up 63% of 2020 revenue, up 16.4% year-over-year. Skin and personal care product revenue represented 26% of sales in 2020 and were up 55% year-over-year. Household and wellness sales made up 11% of sales and had year-over-year growth of 116.5% in 2020. The Honest Company products can be purchased online from the company or sites like<b>Amazon.com</b>AMZN 1.77%and in physical stores like<b>Costco Wholesale Corporation</b>COST 0.54%and<b>Target Corporation</b>TGT 0.23%.</p>\n<p>Founder Alba will not sell any shares in the IPO and will own an estimated 6.1% of the company after the offering. The company isseekingto sell 25.8 million shares at a price point of $14 to $17.</p>\n<p><b>Bowman Consulting Group:</b>Professional services company<b>Bowman Consulting Group</b>NASDAQBWMNoffersengineering solutions to customers. Bowman Consulting has over 2,200 customers who count on the company for services like planning, engineering, construction management, commissioning, geomatics, survey, land procurement and environmental consulting. The company had revenue of $122 million in the last fiscal year, up from $113.7 million in the prior year. Bowman Consulting plans to offer 3.1 million shares at a price point of $12 to $14.</p>\n<p><b>Valneva:</b>Vaccine company<b>Valneva</b>NASDAQVLAplansto sell 7.1 million ordinary shares (3.55 million ADSs) at a price of $28.24. The company is focused on vaccine development in infectious diseases. Target areas include Lyme disease, the Chikungunya virus and COVID-19. The company’s lead program VLA15 is in Phase 2 trials to treat Lyme disease and is partnered with<b>Pfizer Corporation</b>PFE 0.49%. Other clinical trials include VLA1553 to treat Chikungunya virus and VLA2001 to treat COVID-19. The company’s VLA1553 is the only known Phase 3 trial vaccine to treat Chikungunya, which could put it in the spotlight with spread to over 100 countries. Several of the company’s products have received Fast Track designation by the FDA.</p>\n<p><b>Onion Global:</b>Lifestyle brand company<b>Onion Global</b>NYSEOGplanson selling 12.5 million ADS at a price point of $7.25 to $9.25. The company targets fresh, fashionable and future brands, which it refers to as the 3Fs across China and parts of Asia. The company has over 4,000 brands in 23 categories sold in 43 countries. Onion Global is a top ten global lifestyle company in China. The company uses an omnichannel approach with its self operated ecommerce platform O’Mall, live streaming sales, third party sellers and offline sales. The company has 2.1 million active buyers and 15.5 million registered users.</p>\n<p><b>iPower:</b>Online hydroponic equipment seller<b>iPower Inc</b>NASDAQIPWplansto offer 5&nbsp;million shares at a price point of $9 to $11. The company offers its own brands and partnered brands through its websitewww.zenhydro.com. iPower-owned brands represented 76% of company sales in the six month period ending December 31, 2020. The company had sales of $26.2 million in the six month period ending December 31, 2020. Preliminary first-quarter revenue is expected to be in a range of $11.75 million to $12.75 million compared to $9.4 million in the prior year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IPW":"iPower Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191168108","content_text":"The week of May 3 has several IPOs on the docket spread across sectors like consumer products, fashion, banking, vaccines and hydroponics. Here is a look at this week’s top offerings and details investors should know.\nWaterdrop:Working with insurance companies,WaterdropNYSEWDHseeksto have a positive social impact with its technology platform. Waterdrop has over 79.4 million cumulative customers and over 340 million donors to its crowdfunding platform, which is the largest medical crowdfunding platform in China.\nWaterdrop works with 62 insurance carriers and offers over 200 products to help customers and those seeking help with medical bills. The company had revenue of $464.1 million in fiscal 2020. The company plans on offering 30 million American depositary shares at a price point of $10 to $12.\nFive Star Bancorp:With branches in California,Five Star BancorpNASDAQFSBCisa regional bank company focused on the Sacramento market. The company ended 2020 with $1.8 billion in deposits and $1.5 billion in loans.\nFrom 2016 to 2020, the company saw compounded annual growth of 23.5% for assets, 23.8% for loans and 23.7% for deposits. First quarter preliminary numbers saw deposits grow 11.2% from the fourth quarter and loans grow 2.6% from the fourth quarter. The company plans on selling 5.265 million shares at a price point of $18 to $20.\nThe Honest Company:Clean lifestyle product companyThe Honest CompanyNASDAQHNSTcouldbe the most-watched IPO this week. The company was founded by actress Jessica Alba in 2012 in response to finding clean products and non-allergic reactions from products after giving birth.\nThe Honest Company prides itself in being “a conscious living company for today and tomorrow.” The company has grown from being a diapers-and-wipes company to covering every age and every life stage of its customers.\nThe Honest Company had revenue of $235.6 million in fiscal 2020, up 27.6% year-over-year. Diapers and wipes made up 63% of 2020 revenue, up 16.4% year-over-year. Skin and personal care product revenue represented 26% of sales in 2020 and were up 55% year-over-year. Household and wellness sales made up 11% of sales and had year-over-year growth of 116.5% in 2020. The Honest Company products can be purchased online from the company or sites likeAmazon.comAMZN 1.77%and in physical stores likeCostco Wholesale CorporationCOST 0.54%andTarget CorporationTGT 0.23%.\nFounder Alba will not sell any shares in the IPO and will own an estimated 6.1% of the company after the offering. The company isseekingto sell 25.8 million shares at a price point of $14 to $17.\nBowman Consulting Group:Professional services companyBowman Consulting GroupNASDAQBWMNoffersengineering solutions to customers. Bowman Consulting has over 2,200 customers who count on the company for services like planning, engineering, construction management, commissioning, geomatics, survey, land procurement and environmental consulting. The company had revenue of $122 million in the last fiscal year, up from $113.7 million in the prior year. Bowman Consulting plans to offer 3.1 million shares at a price point of $12 to $14.\nValneva:Vaccine companyValnevaNASDAQVLAplansto sell 7.1 million ordinary shares (3.55 million ADSs) at a price of $28.24. The company is focused on vaccine development in infectious diseases. Target areas include Lyme disease, the Chikungunya virus and COVID-19. The company’s lead program VLA15 is in Phase 2 trials to treat Lyme disease and is partnered withPfizer CorporationPFE 0.49%. Other clinical trials include VLA1553 to treat Chikungunya virus and VLA2001 to treat COVID-19. The company’s VLA1553 is the only known Phase 3 trial vaccine to treat Chikungunya, which could put it in the spotlight with spread to over 100 countries. Several of the company’s products have received Fast Track designation by the FDA.\nOnion Global:Lifestyle brand companyOnion GlobalNYSEOGplanson selling 12.5 million ADS at a price point of $7.25 to $9.25. The company targets fresh, fashionable and future brands, which it refers to as the 3Fs across China and parts of Asia. The company has over 4,000 brands in 23 categories sold in 43 countries. Onion Global is a top ten global lifestyle company in China. The company uses an omnichannel approach with its self operated ecommerce platform O’Mall, live streaming sales, third party sellers and offline sales. The company has 2.1 million active buyers and 15.5 million registered users.\niPower:Online hydroponic equipment selleriPower IncNASDAQIPWplansto offer 5 million shares at a price point of $9 to $11. The company offers its own brands and partnered brands through its websitewww.zenhydro.com. iPower-owned brands represented 76% of company sales in the six month period ending December 31, 2020. The company had sales of $26.2 million in the six month period ending December 31, 2020. Preliminary first-quarter revenue is expected to be in a range of $11.75 million to $12.75 million compared to $9.4 million in the prior year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376270819,"gmtCreate":1619134673931,"gmtModify":1704720060179,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like n cmt","listText":"Pls like n cmt","text":"Pls like n cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/376270819","repostId":"2129336009","repostType":4,"repost":{"id":"2129336009","kind":"news","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":1619133392,"share":"https://ttm.financial/m/news/2129336009?lang=&edition=fundamental","pubTime":"2021-04-23 07:16","market":"us","language":"en","title":"Snap adds more users than Wall Street expected; growth slows in N. America","url":"https://stock-news.laohu8.com/highlight/detail?id=2129336009","media":"Reuters","summary":"April 22 (Reuters) - Snap Inc on Thursday beat Wall Street estimates for user growth and revenue as ","content":"<p>April 22 (Reuters) - <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a> on Thursday beat Wall Street estimates for user growth and revenue as the improved Android version of its popular messaging app Snapchat attracted more users, but growth slowed within North America.</p><p>Shares of Snap rose 5% in trading after the bell.</p><p><img src=\"https://static.tigerbbs.com/4af947f3d623a7c7f55640fb163cc158\" tg-width=\"1116\" tg-height=\"493\" referrerpolicy=\"no-referrer\"></p><p>Daily active users (DAUs), a metric closely watched by investors and advertisers, rose 22% year-over-year to 280 million in the first quarter. Analysts had expected 275.3 million, according to IBES data from Refinitiv.</p><p>Most of the user growth came from outside the United States and Canada, where Snap earns much of its revenue.</p><p>North American DAU grew 1 million from the previous quarter to 93 million.</p><p>Snap embarked on rebuilding its Android app, which struggled with technical bugs, back in 2018. Snapchat's Android user base now exceeds those on Apple iOS for the first time, the company said.</p><p>As more people downloaded the new app outside the United States, where Android phones dominate over iPhones, Snap added support for more languages and added more media content geared toward audiences in certain countries.</p><p>It launched an original show called \"Phone Swap India\" in March on the Discover section of Snapchat, which houses original content and shows from media partners.</p><p>Revenue, which Snap generates mainly from advertising, grew 66% to $770 million in the quarter ended March 31, beating Wall Street's consensus estimate of $743 million.</p><p>Snap has increasingly invested in augmented reality technology, betting that it can help brands market products like clothes and makeup to tech-savvy young users.</p><p>In March, Snap acquired Fit Analytics, a tech company that helps customers virtually determine if clothing will fit.</p><p>\"Augmented reality remains <a href=\"https://laohu8.com/S/AONE\">one</a> of our biggest opportunities as we look to the future,\" said Snap Chief Executive Evan Spiegel, in prepared remarks released before an earnings call with analysts.</p><p>Snap's net loss narrowed to $286.9 million, or 19 cents per share, from $305.9 million, or 21 cents per share, a year earlier.</p><p>(Reporting by Sheila Dang; Editing by 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>Snap adds more users than Wall Street expected; growth slows in N. America</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\">\nSnap adds more users than Wall Street expected; growth slows in N. America\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\">2021-04-23 07:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 22 (Reuters) - <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a> on Thursday beat Wall Street estimates for user growth and revenue as the improved Android version of its popular messaging app Snapchat attracted more users, but growth slowed within North America.</p><p>Shares of Snap rose 5% in trading after the bell.</p><p><img src=\"https://static.tigerbbs.com/4af947f3d623a7c7f55640fb163cc158\" tg-width=\"1116\" tg-height=\"493\" referrerpolicy=\"no-referrer\"></p><p>Daily active users (DAUs), a metric closely watched by investors and advertisers, rose 22% year-over-year to 280 million in the first quarter. Analysts had expected 275.3 million, according to IBES data from Refinitiv.</p><p>Most of the user growth came from outside the United States and Canada, where Snap earns much of its revenue.</p><p>North American DAU grew 1 million from the previous quarter to 93 million.</p><p>Snap embarked on rebuilding its Android app, which struggled with technical bugs, back in 2018. Snapchat's Android user base now exceeds those on Apple iOS for the first time, the company said.</p><p>As more people downloaded the new app outside the United States, where Android phones dominate over iPhones, Snap added support for more languages and added more media content geared toward audiences in certain countries.</p><p>It launched an original show called \"Phone Swap India\" in March on the Discover section of Snapchat, which houses original content and shows from media partners.</p><p>Revenue, which Snap generates mainly from advertising, grew 66% to $770 million in the quarter ended March 31, beating Wall Street's consensus estimate of $743 million.</p><p>Snap has increasingly invested in augmented reality technology, betting that it can help brands market products like clothes and makeup to tech-savvy young users.</p><p>In March, Snap acquired Fit Analytics, a tech company that helps customers virtually determine if clothing will fit.</p><p>\"Augmented reality remains <a href=\"https://laohu8.com/S/AONE\">one</a> of our biggest opportunities as we look to the future,\" said Snap Chief Executive Evan Spiegel, in prepared remarks released before an earnings call with analysts.</p><p>Snap's net loss narrowed to $286.9 million, or 19 cents per share, from $305.9 million, or 21 cents per share, a year earlier.</p><p>(Reporting by Sheila Dang; Editing by Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","SNAP":"Snap Inc","09086":"华夏纳指-U"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129336009","content_text":"April 22 (Reuters) - Snap Inc on Thursday beat Wall Street estimates for user growth and revenue as the improved Android version of its popular messaging app Snapchat attracted more users, but growth slowed within North America.Shares of Snap rose 5% in trading after the bell.Daily active users (DAUs), a metric closely watched by investors and advertisers, rose 22% year-over-year to 280 million in the first quarter. Analysts had expected 275.3 million, according to IBES data from Refinitiv.Most of the user growth came from outside the United States and Canada, where Snap earns much of its revenue.North American DAU grew 1 million from the previous quarter to 93 million.Snap embarked on rebuilding its Android app, which struggled with technical bugs, back in 2018. Snapchat's Android user base now exceeds those on Apple iOS for the first time, the company said.As more people downloaded the new app outside the United States, where Android phones dominate over iPhones, Snap added support for more languages and added more media content geared toward audiences in certain countries.It launched an original show called \"Phone Swap India\" in March on the Discover section of Snapchat, which houses original content and shows from media partners.Revenue, which Snap generates mainly from advertising, grew 66% to $770 million in the quarter ended March 31, beating Wall Street's consensus estimate of $743 million.Snap has increasingly invested in augmented reality technology, betting that it can help brands market products like clothes and makeup to tech-savvy young users.In March, Snap acquired Fit Analytics, a tech company that helps customers virtually determine if clothing will fit.\"Augmented reality remains one of our biggest opportunities as we look to the future,\" said Snap Chief Executive Evan Spiegel, in prepared remarks released before an earnings call with analysts.Snap's net loss narrowed to $286.9 million, or 19 cents per share, from $305.9 million, or 21 cents per share, a year earlier.(Reporting by Sheila Dang; Editing by Lisa Shumaker)","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581629167637532","authorId":"3581629167637532","name":"CuriousPhD","avatar":"https://static.tigerbbs.com/6f2eb06a7bbc1da3f700038e46d4e807","crmLevel":5,"crmLevelSwitch":0,"idStr":"3581629167637532","authorIdStr":"3581629167637532"},"content":"Please do the same for me","text":"Please do the same for me","html":"Please do the same for me"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347787776,"gmtCreate":1618531405795,"gmtModify":1704712229098,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like n cmt","listText":"Pls like n cmt","text":"Pls like n cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/347787776","repostId":"1184470866","repostType":4,"repost":{"id":"1184470866","kind":"news","pubTimestamp":1618530196,"share":"https://ttm.financial/m/news/1184470866?lang=&edition=fundamental","pubTime":"2021-04-16 07:43","market":"us","language":"en","title":"Dow jumps 300 points to top 34,000 for the first time amid blowout economic data","url":"https://stock-news.laohu8.com/highlight/detail?id=1184470866","media":"CNBC","summary":"U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fr","content":"<div>\n<p>U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market.\nThe Dow Jones ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/14/stock-futures-inch-higher-after-sp-500-retreats-from-record.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow jumps 300 points to top 34,000 for the first time amid blowout economic data</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\">\nDow jumps 300 points to top 34,000 for the first time amid blowout economic data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/14/stock-futures-inch-higher-after-sp-500-retreats-from-record.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market.\nThe Dow Jones ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/14/stock-futures-inch-higher-after-sp-500-retreats-from-record.html\">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.",".IXIC":"NASDAQ Composite","AAPL":"苹果","NFLX":"奈飞",".SPX":"S&P 500 Index","AMZN":"亚马逊",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/04/14/stock-futures-inch-higher-after-sp-500-retreats-from-record.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1184470866","content_text":"U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market.\nThe Dow Jones Industrial Average rose 305.10 points, or 0.9%, to a record close of 34,035.99, marking the first time the blue-chip benchmark has crossed the 34,000 milestone. The S&P 500 gained 1.1% to 4,170.42, also reaching a record high. The Nasdaq Composite advanced 1.3% to 14,038.76.\nTechnology shares rebounded as bond yields fell. The so-called FAANG stocks – Facebook, Amazon, Apple, Netflix and Alphabet – all climbed more than 1%. The 10-year Treasury yield dropped 8 basis points below 1.56%. Earlier in the year, higher rates caused investors to dump growth-oriented stocks.\nRetail sales surged 9.8% in March as additional stimulus sent consumer spending soaring, the Commerce Department reported Thursday. That number topped the Dow Jones estimate of a 6.1% gain.\nA separate report on Thursday showed that first-time filings for unemployment insurance dropped to the lowest level since March 2020. The Labor Department reported 576,000 new jobless claims for the week ended April 10. Economists polled by Dow Jones expected a total of 710,000.\n“Although 34,000 by itself is just another number, this is a monumental feat when you think back to where we were last year at this time,” said Ryan Detrick, chief market strategist at LPL Financial. “The speed and resiliency of this economic recovery is unlike anything we’ve ever seen and it helps to justify stocks at all-time highs.”\nShares of UnitedHealth, a Dow member, gained 3.8% after results topped the Street’s forecasts and the health insurer raised guidance for 2021.\nPepsi shares added 0.1% after the consumer snack and drink maker said sales last quarter rose nearly 7%, topping estimates.\nThe market has been grinding higher to reach new records in recent sessions amid the economic reopening and trillions of dollars in stimulus. The S&P 500 has gained 11% in 2021 with energy and financials up the most year to date.\n“I am incredibly bullish on the markets, and you are right to be worried about our deficits,” Larry Fink, BlackRock CEO, said in an interview on “Squawk Box.”“If we don’t have economic growth that is sustainable over the next 10 years — our deficits are going to matter and they are going to elevate interest rates ... I believe because of monetary stimulus, fiscal stimulus, cash on the sidelines, earnings, markets are okay. Markets are going to continue to be stronger.”\nShares of Citigroup erased earlier gains and fell 0.5% The bank posted results that beat analysts’ estimates for first-quarter profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves.\nBank of America shares rose as earnings last quarter blew past the Street on booming trading and investment banking results as well the release of loan-loss reserves. The shares dipped 2.9%, however.\nNewly public crypto exchange Coinbase rolled over and closed the day down 1.7% in volatile trading. The stock got a boost earlier after it was revealed Ark Invest’s Cathie Wood loaded up on the first day of trading.\nOn Tuesday, the Food and Drug Administration called for a pause in administering J&J’s Covid-19 vaccine after six people in the U.S. developed a rare disorder involving blood clots. The announcement triggered a sell-off in reopening plays earlier in the week, but is not expected to have a material impact on the pace of the U.S. vaccine rollout.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348875046,"gmtCreate":1617923170485,"gmtModify":1704704759828,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like n cmt","listText":"Pls like n cmt","text":"Pls like n cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/348875046","repostId":"1112389819","repostType":4,"isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340406054,"gmtCreate":1617442613978,"gmtModify":1704699748368,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls like n cmt","listText":"Pls like n cmt","text":"Pls like n cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/340406054","repostId":"2124875875","repostType":4,"repost":{"id":"2124875875","kind":"news","pubTimestamp":1617366960,"share":"https://ttm.financial/m/news/2124875875?lang=&edition=fundamental","pubTime":"2021-04-02 20:36","market":"us","language":"en","title":"Tesla Q1 2021 Vehicle Production & Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=2124875875","media":"StreetInsider","summary":"PALO ALTO, Calif., April 02, 2021  -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin","content":"<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.</p>\n<table>\n <tbody>\n  <tr>\n   <td></td>\n   <td><b>Production</b></td>\n   <td><b>Deliveries</b></td>\n   <td><b>Subject to operating lease accounting</b></td>\n  </tr>\n  <tr>\n   <td>Model S/X</td>\n   <td>-</td>\n   <td>2,020</td>\n   <td>6%</td>\n  </tr>\n  <tr>\n   <td>Model 3/Y</td>\n   <td>180,338</td>\n   <td>182,780</td>\n   <td>7%</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>180,338</b></td>\n   <td><b>184,800</b></td>\n   <td><b>7%</b></td>\n  </tr>\n </tbody>\n</table>\n<p>***************</p>\n<p>Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only <a href=\"https://laohu8.com/S/AONE\">one</a> measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.</p>\n<p><b>Forward-Looking Statements</b>&nbsp;Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.</p>\n<p><img src=\"https://static.tigerbbs.com/db04c7b378cb2db912c3ba8a5a774ee3\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q1 2021 Vehicle Production & Deliveries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Q1 2021 Vehicle Production & Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215929><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215929\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18215929","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124875875","content_text":"PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.\n\n\n\n\nProduction\nDeliveries\nSubject to operating lease accounting\n\n\nModel S/X\n-\n2,020\n6%\n\n\nModel 3/Y\n180,338\n182,780\n7%\n\n\nTotal\n180,338\n184,800\n7%\n\n\n\n***************\nOur net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.\nForward-Looking Statements Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360519957,"gmtCreate":1613955242079,"gmtModify":1704886078163,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Pls comment and like","listText":"Pls comment and like","text":"Pls comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/360519957","repostId":"1143100356","repostType":4,"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9015248827,"gmtCreate":1649496322736,"gmtModify":1676534521694,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9015248827","repostId":"1179777825","repostType":4,"repost":{"id":"1179777825","kind":"news","pubTimestamp":1649469608,"share":"https://ttm.financial/m/news/1179777825?lang=&edition=fundamental","pubTime":"2022-04-09 10:00","market":"us","language":"en","title":"Palantir Vs. Snowflake Stock: Which Is The Better Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=1179777825","media":"Seeking Alpha","summary":"SummaryPalantir's and Snowflake's shares performed badly in 2022 year-to-date, as technology stocks ","content":"<html><head></head><body><p>Summary</p><ul><li>Palantir&#39;s and Snowflake&#39;s shares performed badly in 2022 year-to-date, as technology stocks fell out of favor with investors and both companies&#39; forward-looking guidance disappointed the market.</li><li>The long-term outlook for both SNOW and PLTR is good, considering the growth in new data creation and the expected revenue increase and profit margin expansion for the two companies.</li><li>Palantir is the more attractive Buy of the two stocks, taking into account both valuations and key risk factors.</li></ul><p>Elevator Pitch</p><p>Palantir Technologies Inc. (NYSE:PLTR) is a better buy compared with Snowflake Inc. (SNOW). I prefer PLTR over SNOW because the former has maintained a good balance between revenue growth and profit margins. Palantir is expected to grow its top line by more than +30% every year going forward, while still delivering normalized net profit margins of above +20% in the future. In comparison, Snowflake&#39;s top line growth expectations are better, but it is relatively less profitable. More importantly, Palantir is much cheaper than Snowflake based on the forward Enterprise Value-to-Revenue metric.</p><p>How Are SNOW And PLTR&#39;s Stock Performance?</p><p>The year-to-date stock price performance of SNOW and PLTR have been poor on both an absolute and relative basis.</p><p><b>Snowflake&#39;s And Palantir&#39;s 2022 Year-To-Date Share Price Performance</b></p><p><img src=\"https://static.tigerbbs.com/3dfec436e13ecbd10b4390c8ec9c312b\" tg-width=\"640\" tg-height=\"221\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>The shares of Palantir and Snowflake were down by -29.5% and -37.4%, respectively, so far this year. During the same period, the S&amp;P 500 declined by a relatively modest -5.2%. Both SNOW and PLTR saw their shares fall the most around mid-March 2022. March 11, 2022, <i>Seeking Alpha News</i>articlehighlighted that &#34;Snowflake shares fell sharply&#34; on the day alongside &#34;several other cloud-related stocks, as investors continued to shun technology stocks.&#34;</p><p>Apart from weak investor sentiment, which has hurt the share price performance of technology stocks in general, there are also company-specific headwinds relating to Snowflake and Palantir, which I detail in the next section.</p><p>SNOW And PLTR Stock Key Metrics</p><p>Both SNOW&#39;s and PLTR&#39;s forward-looking guidance disappointed the market. This was a key factor that led to the sell-down in their shares in 2022 year-to-date.</p><p>Starting with Palantir, the company released the company&#39;s Q4 2021 financial results in a media release issued on February 17, 2022, before the market opened. PLTR&#39;s shares subsequently fell by -16% to close at $11.77 on the day of the earnings release. Palantir has yet to fully recover from its post-results announcement correction, as its last closing share price of $12.84 as of April 7, 2022, was still -8% below its pre-results stock price of $13.97 (closing price on February 16th).</p><p>PLTR&#39;s top line expanded by +34% YOY to $433 million in the fourth quarter of 2021. This was+4%above what the market had expected. The company&#39;s robust revenue growth was driven by a +71% YOY increase in the number of customers, from 139 as of December 31, 2020, to 237 as of year-end 2021, as per its recent quarterly results presentation. Palantir grew its client base much faster than what Wall Street was expecting; the sell-side&#39;s consensus 2021 year-end estimate was 219 clients, according to<i>S&amp;P Capital IQ</i>.</p><p>However, Palantir&#39;s non-GAAP adjusted earnings per share contracted from $0.03 in Q4 2020 to $0.02 in Q4 2021. More significantly, PLTR&#39;s fourth quarter bottom line was approximately-44%below the market consensus EPS forecast. Palantir&#39;s total adjusted costs (excluding stock-based compensation) rose by +42% YOY to $309 million in the most recent quarter. This was largely attributable to a substantial jump in commercial sales headcount, from 12 as of end-2020 to 80 as of December 31, 2021, as indicated in PLTR&#39;s Q4 2021 results presentation.</p><p>Looking forward, PLTR&#39;s revenue guidance was encouraging. As per its Q4 2021 earnings press release, Palantir guided for Q1 2022 revenue of $443 million (implying +30% YOY top line expansion) and &#34;annual revenue growth of 30% or greater through 2025.&#34;</p><p>However, Palantir&#39;s near-term profitability guidance didn&#39;t meet market expectations. The company expects to achieve a non-GAAP adjusted operating profit margin of 23% in the first quarter of this year, which is much lower than Wall Street&#39;s consensus Q1 2022 operating margin estimate of 28%, as per<i>S&amp;P Capital IQ</i>. At the <i>Morgan Stanley</i>(MS)Technology, Media &amp; Telecom Conference on March 9, 2022, PLTR explained that &#34;the investments in the product&#34; in 2021 &#34;drove more improvement faster than we actually thought they might,&#34; and the company is &#34;giving ourselves a little space there to invest as aggressively as possible.&#34;</p><p>Moving on to Snowflake, its Q4 2021 revenue of $360 million beat the sell-side consensus by+3%, and this represented a +102% YOY growth. But SNOW&#39;s shares still dropped by -15%, from a $264.69 close on March 2, 2022, to $224.02 on March 3, 2022 (post-earnings release). In the next one month or so, Snowflake&#39;s stock price declined further, closing at $213.88 as of April 7, 2022.</p><p>SNOW&#39;s shares performed poorly because investors were unsatisfied with the company&#39;s fiscal 2023 (YE January 31) revenue growth guidance. Based on the midpoint of Snowflake&#39;s management, the company expected its revenue to increase by +66% in FY 2023. This implied a substantial slowdown in SNOW&#39;s top line expansion, as the company&#39;s sales grew by +106% in fiscal 2022.</p><p>Snowflake attributed the weaker-than-expected revenue growth guidance for FY 2023 to platform performance improvements, which will provide more value to its clients. SNOW acknowledged at the Morgan Stanley Technology, Media &amp; Telecom Conference on March 8, 2022, that &#34;every performance improvement we do, we may have a revenue hit,&#34; but it stressed that &#34;those customers are consuming more&#34; in around half a year&#39;s time.</p><p>In the subsequent two sections of the article, I will touch on the similarities and the differences between Palantir and Snowflake.</p><p>Do Snowflake And Palantir Share The Same Market?</p><p>Snowflake and Palantir do share the same market to a large extent.</p><p>A December 2020research report published by <i>Harris Williams</i> classified both PLTR and SNOW as infrastructure software companies. More specifically, the investment bank placed these two companies in the &#34;data&#34; sub-segment of the infrastructure software sector alongside other listed companies like Splunk (SPLK) and Alteryx (AYX), among others.</p><p><b>Harris Williams&#39;Definition Of The Data Sub-Segment Of The Infrastructure Software Sector</b></p><p><img src=\"https://static.tigerbbs.com/95d28544977ca9c17ef60304a8f96c55\" tg-width=\"474\" tg-height=\"280\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Harris Williams</p><p>In a blog post published on November 11, 2020, Palantir describes itself as a &#34;software company&#34; which builds &#34;digital infrastructure for data-driven operations.&#34; This provides support for Harris Williams&#39; categorization of PLTR as an infrastructure company that belongs in the data sub-category.</p><p>In summary, both companies operate in the infrastructure software market. This is also where the similarities between PLTR and SNOW end, as I highlight in the next section.</p><p>How Do Snowflake And Palantir Differ?</p><p>Referring to PLTR&#39;s November 2020 blog post (which I referred to in the preceding section) again, Palantir mentioned that it plays the role of &#34;data processor.&#34; PLTR emphasized that its platforms &#34;allow organizations to better manage&#34; data &#34;by bringing the right data to the people&#34; and enabling &#34;them to take data-driven decisions&#34; and &#34;conduct sophisticated analytic.&#34;</p><p>In contrast, Snowflake&#39;s cloud data platform, known as Data Cloud, is mainly focused on data warehousing and data sharing; and it partners with other companies to offer solutions such as data analytics to its clients, as per the chart below.</p><p><b>SNOW&#39;s Data Cloud Platform And Partnerships With Other Data Analytics Companies</b></p><p><img src=\"https://static.tigerbbs.com/2ced24e78a2353a0f9f8a45e9fab883b\" tg-width=\"640\" tg-height=\"314\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Snowflake</p><p>I touch on the two companies&#39; growth prospects in the long run in the next section.</p><p>What Are Snowflake And Palantir&#39;s Long-Term Outlooks?</p><p>Both Snowflake and Palantir have long growth runways.</p><p>Interactive Data Trends (IDC) has forecast that new data created will expand at a CAGR of +23%, from 64.1ZB in 2020 to 175ZB in 2025, according to January 31, 2022, article published in <i>CDO Trends</i>. As more data gets created, it is natural that this will boost demand for data warehousing, sharing, processing, and analytics going forward. This will be positive for both PLTR and SNOW.</p><p>PLTR and SNOW are expected to deliver robust top-line growth and profit margin expansion over the next few years. Snowflake will grow its revenue at a faster pace compared with Palantir, but the former&#39;s profitability will still be inferior to that of the latter.</p><p>According to consensus sell-side financial estimates sourced from<i>S&amp;P Capital IQ</i>, Snowflake&#39;s sales are forecasted to increase by a forward four-year CAGR of +57.0%. Over the same period, Palantir&#39;s top line is predicted to grow by a slower CAGR of +34.5%, which is still pretty decent. In terms of profitability, Wall Street expects PLTR&#39;s normalized net profit margin to widen from 20.0% in 2021 to 26.8% by 2025. In comparison, SNOW&#39;s normalized net profit margin is forecasted to improve from 0.3% in fiscal 2022 (YE January 31 or approximating calendar year 2021) to 9.1% in FY 2026.</p><p>SNOW is a pioneer and leading player in the cloud data warehousing space, which explains its strong revenue growth. But Snowflake&#39;s profit margins are low on an absolute basis and inferior to that of PLTR as well. A key factor contributing to Snowflake&#39;s modest profitability is the company&#39;s dependence on third-party vendors such as Microsoft&#39;s (MSFT) Azure and Amazon&#39;s (AMZN) AWS. In my July 20, 2021,article for SNOW, I noted that the company&#39;s key suppliers of public cloud services are also the company&#39;s competitors and &#34;have a big impact on Snowflake&#39;s path to profitability.&#34; This is the most significant downside risk for SNOW.</p><p>On the other hand, a key concern for Palantir has been its reliance on government organizations. This implies that the company&#39;s revenue can be negatively impacted when the government&#39;s budget shrinks. But there have been encouraging signs with respect to client (commercial customers versus government clients) diversification in recent quarters. PTLR&#39;s commercial segment has been rapidly growing in recent quarters, as its commercial revenue growth went from +28% YOY and +37% YOY in Q2 2021 and Q3 2021, respectively, to +47% YOY in Q4 2021.</p><p>In comparison, Palantir&#39;s government revenue increased by a slower +26% YOY in the fourth quarter of last year. Also, as I mentioned in an earlier section of my article, Palantir has invested significantly in commercial sales headcount so as to further support the growth of the commercial segment.</p><p>In a nutshell, both companies&#39; long-term outlooks are decent. But PLTR has struck a better balance between top-line growth and profitability compared with SNOW, as evidenced by the consensus financial forecasts.</p><p>Is SNOW Or PLTR Stock A Better Buy?</p><p>PLTR stock is a better buy. Palantir boasts superior profit margins, and Snowflake is growing its top line at a much faster pace. But the gap in valuations between the two is huge; PLTR and SNOW are valued by the market at consensus forward next twelve months&#39; Enterprise Value-to-Revenue multiples of 11.9 times and 30.7 times, respectively, according to<i>S&amp;P Capital IQ</i>. Taking into account the difference in the two companies&#39; valuations and future financial forecasts, I view Palantir as the more appealing investment candidate of the two.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Vs. Snowflake Stock: Which Is The Better Buy?</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\">\nPalantir Vs. Snowflake Stock: Which Is The Better Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-09 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500463-palantir-vs-snowflake-stock-better-buy><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPalantir's and Snowflake's shares performed badly in 2022 year-to-date, as technology stocks fell out of favor with investors and both companies' forward-looking guidance disappointed the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4500463-palantir-vs-snowflake-stock-better-buy\">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.","SNOW":"Snowflake"},"source_url":"https://seekingalpha.com/article/4500463-palantir-vs-snowflake-stock-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179777825","content_text":"SummaryPalantir's and Snowflake's shares performed badly in 2022 year-to-date, as technology stocks fell out of favor with investors and both companies' forward-looking guidance disappointed the market.The long-term outlook for both SNOW and PLTR is good, considering the growth in new data creation and the expected revenue increase and profit margin expansion for the two companies.Palantir is the more attractive Buy of the two stocks, taking into account both valuations and key risk factors.Elevator PitchPalantir Technologies Inc. (NYSE:PLTR) is a better buy compared with Snowflake Inc. (SNOW). I prefer PLTR over SNOW because the former has maintained a good balance between revenue growth and profit margins. Palantir is expected to grow its top line by more than +30% every year going forward, while still delivering normalized net profit margins of above +20% in the future. In comparison, Snowflake's top line growth expectations are better, but it is relatively less profitable. More importantly, Palantir is much cheaper than Snowflake based on the forward Enterprise Value-to-Revenue metric.How Are SNOW And PLTR's Stock Performance?The year-to-date stock price performance of SNOW and PLTR have been poor on both an absolute and relative basis.Snowflake's And Palantir's 2022 Year-To-Date Share Price PerformanceSeeking AlphaThe shares of Palantir and Snowflake were down by -29.5% and -37.4%, respectively, so far this year. During the same period, the S&P 500 declined by a relatively modest -5.2%. Both SNOW and PLTR saw their shares fall the most around mid-March 2022. March 11, 2022, Seeking Alpha Newsarticlehighlighted that \"Snowflake shares fell sharply\" on the day alongside \"several other cloud-related stocks, as investors continued to shun technology stocks.\"Apart from weak investor sentiment, which has hurt the share price performance of technology stocks in general, there are also company-specific headwinds relating to Snowflake and Palantir, which I detail in the next section.SNOW And PLTR Stock Key MetricsBoth SNOW's and PLTR's forward-looking guidance disappointed the market. This was a key factor that led to the sell-down in their shares in 2022 year-to-date.Starting with Palantir, the company released the company's Q4 2021 financial results in a media release issued on February 17, 2022, before the market opened. PLTR's shares subsequently fell by -16% to close at $11.77 on the day of the earnings release. Palantir has yet to fully recover from its post-results announcement correction, as its last closing share price of $12.84 as of April 7, 2022, was still -8% below its pre-results stock price of $13.97 (closing price on February 16th).PLTR's top line expanded by +34% YOY to $433 million in the fourth quarter of 2021. This was+4%above what the market had expected. The company's robust revenue growth was driven by a +71% YOY increase in the number of customers, from 139 as of December 31, 2020, to 237 as of year-end 2021, as per its recent quarterly results presentation. Palantir grew its client base much faster than what Wall Street was expecting; the sell-side's consensus 2021 year-end estimate was 219 clients, according toS&P Capital IQ.However, Palantir's non-GAAP adjusted earnings per share contracted from $0.03 in Q4 2020 to $0.02 in Q4 2021. More significantly, PLTR's fourth quarter bottom line was approximately-44%below the market consensus EPS forecast. Palantir's total adjusted costs (excluding stock-based compensation) rose by +42% YOY to $309 million in the most recent quarter. This was largely attributable to a substantial jump in commercial sales headcount, from 12 as of end-2020 to 80 as of December 31, 2021, as indicated in PLTR's Q4 2021 results presentation.Looking forward, PLTR's revenue guidance was encouraging. As per its Q4 2021 earnings press release, Palantir guided for Q1 2022 revenue of $443 million (implying +30% YOY top line expansion) and \"annual revenue growth of 30% or greater through 2025.\"However, Palantir's near-term profitability guidance didn't meet market expectations. The company expects to achieve a non-GAAP adjusted operating profit margin of 23% in the first quarter of this year, which is much lower than Wall Street's consensus Q1 2022 operating margin estimate of 28%, as perS&P Capital IQ. At the Morgan Stanley(MS)Technology, Media & Telecom Conference on March 9, 2022, PLTR explained that \"the investments in the product\" in 2021 \"drove more improvement faster than we actually thought they might,\" and the company is \"giving ourselves a little space there to invest as aggressively as possible.\"Moving on to Snowflake, its Q4 2021 revenue of $360 million beat the sell-side consensus by+3%, and this represented a +102% YOY growth. But SNOW's shares still dropped by -15%, from a $264.69 close on March 2, 2022, to $224.02 on March 3, 2022 (post-earnings release). In the next one month or so, Snowflake's stock price declined further, closing at $213.88 as of April 7, 2022.SNOW's shares performed poorly because investors were unsatisfied with the company's fiscal 2023 (YE January 31) revenue growth guidance. Based on the midpoint of Snowflake's management, the company expected its revenue to increase by +66% in FY 2023. This implied a substantial slowdown in SNOW's top line expansion, as the company's sales grew by +106% in fiscal 2022.Snowflake attributed the weaker-than-expected revenue growth guidance for FY 2023 to platform performance improvements, which will provide more value to its clients. SNOW acknowledged at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022, that \"every performance improvement we do, we may have a revenue hit,\" but it stressed that \"those customers are consuming more\" in around half a year's time.In the subsequent two sections of the article, I will touch on the similarities and the differences between Palantir and Snowflake.Do Snowflake And Palantir Share The Same Market?Snowflake and Palantir do share the same market to a large extent.A December 2020research report published by Harris Williams classified both PLTR and SNOW as infrastructure software companies. More specifically, the investment bank placed these two companies in the \"data\" sub-segment of the infrastructure software sector alongside other listed companies like Splunk (SPLK) and Alteryx (AYX), among others.Harris Williams'Definition Of The Data Sub-Segment Of The Infrastructure Software SectorHarris WilliamsIn a blog post published on November 11, 2020, Palantir describes itself as a \"software company\" which builds \"digital infrastructure for data-driven operations.\" This provides support for Harris Williams' categorization of PLTR as an infrastructure company that belongs in the data sub-category.In summary, both companies operate in the infrastructure software market. This is also where the similarities between PLTR and SNOW end, as I highlight in the next section.How Do Snowflake And Palantir Differ?Referring to PLTR's November 2020 blog post (which I referred to in the preceding section) again, Palantir mentioned that it plays the role of \"data processor.\" PLTR emphasized that its platforms \"allow organizations to better manage\" data \"by bringing the right data to the people\" and enabling \"them to take data-driven decisions\" and \"conduct sophisticated analytic.\"In contrast, Snowflake's cloud data platform, known as Data Cloud, is mainly focused on data warehousing and data sharing; and it partners with other companies to offer solutions such as data analytics to its clients, as per the chart below.SNOW's Data Cloud Platform And Partnerships With Other Data Analytics CompaniesSnowflakeI touch on the two companies' growth prospects in the long run in the next section.What Are Snowflake And Palantir's Long-Term Outlooks?Both Snowflake and Palantir have long growth runways.Interactive Data Trends (IDC) has forecast that new data created will expand at a CAGR of +23%, from 64.1ZB in 2020 to 175ZB in 2025, according to January 31, 2022, article published in CDO Trends. As more data gets created, it is natural that this will boost demand for data warehousing, sharing, processing, and analytics going forward. This will be positive for both PLTR and SNOW.PLTR and SNOW are expected to deliver robust top-line growth and profit margin expansion over the next few years. Snowflake will grow its revenue at a faster pace compared with Palantir, but the former's profitability will still be inferior to that of the latter.According to consensus sell-side financial estimates sourced fromS&P Capital IQ, Snowflake's sales are forecasted to increase by a forward four-year CAGR of +57.0%. Over the same period, Palantir's top line is predicted to grow by a slower CAGR of +34.5%, which is still pretty decent. In terms of profitability, Wall Street expects PLTR's normalized net profit margin to widen from 20.0% in 2021 to 26.8% by 2025. In comparison, SNOW's normalized net profit margin is forecasted to improve from 0.3% in fiscal 2022 (YE January 31 or approximating calendar year 2021) to 9.1% in FY 2026.SNOW is a pioneer and leading player in the cloud data warehousing space, which explains its strong revenue growth. But Snowflake's profit margins are low on an absolute basis and inferior to that of PLTR as well. A key factor contributing to Snowflake's modest profitability is the company's dependence on third-party vendors such as Microsoft's (MSFT) Azure and Amazon's (AMZN) AWS. In my July 20, 2021,article for SNOW, I noted that the company's key suppliers of public cloud services are also the company's competitors and \"have a big impact on Snowflake's path to profitability.\" This is the most significant downside risk for SNOW.On the other hand, a key concern for Palantir has been its reliance on government organizations. This implies that the company's revenue can be negatively impacted when the government's budget shrinks. But there have been encouraging signs with respect to client (commercial customers versus government clients) diversification in recent quarters. PTLR's commercial segment has been rapidly growing in recent quarters, as its commercial revenue growth went from +28% YOY and +37% YOY in Q2 2021 and Q3 2021, respectively, to +47% YOY in Q4 2021.In comparison, Palantir's government revenue increased by a slower +26% YOY in the fourth quarter of last year. Also, as I mentioned in an earlier section of my article, Palantir has invested significantly in commercial sales headcount so as to further support the growth of the commercial segment.In a nutshell, both companies' long-term outlooks are decent. But PLTR has struck a better balance between top-line growth and profitability compared with SNOW, as evidenced by the consensus financial forecasts.Is SNOW Or PLTR Stock A Better Buy?PLTR stock is a better buy. Palantir boasts superior profit margins, and Snowflake is growing its top line at a much faster pace. But the gap in valuations between the two is huge; PLTR and SNOW are valued by the market at consensus forward next twelve months' Enterprise Value-to-Revenue multiples of 11.9 times and 30.7 times, respectively, according toS&P Capital IQ. Taking into account the difference in the two companies' valuations and future financial forecasts, I view Palantir as the more appealing investment candidate of the two.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032658462,"gmtCreate":1647360299156,"gmtModify":1676534220636,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032658462","repostId":"1193863909","repostType":4,"repost":{"id":"1193863909","kind":"news","pubTimestamp":1647358200,"share":"https://ttm.financial/m/news/1193863909?lang=&edition=fundamental","pubTime":"2022-03-15 23:30","market":"us","language":"en","title":"Tesla Stock: 2022 Is The Moment Of Truth","url":"https://stock-news.laohu8.com/highlight/detail?id=1193863909","media":"TheStreet","summary":"Tesla stock performed superbly in the past five years. Is this a good sign in the face of multiple h","content":"<html><head></head><body><p>Tesla stock performed superbly in the past five years. Is this a good sign in the face of multiple headwinds in 2022, or is TSLA ripe for a sharper correction from here?</p><p>Has Tesla stock (<b>TSLA</b>) been a good investment? It depends on who you ask. So far in 2022, TSLA has been a loser in absolute terms and relative to most equity benchmarks.</p><p>However, looking back a few years, this stock has been one of the best performers among large-cap names. The big question is: will Tesla be able to defend its rich valuations in a year of numerous market headwinds? Or is a sharper decline only a matter of time?</p><p><b>TSLA: impressive performance</b></p><p>Let’s start with the chart below. It shows how, so far in 2022, Tesla stock (blue line) has underperformed the tech-rich Nasdaq 100 and the autonomous/electric vehicle peer group (<b>DRIV</b>). Compared to other high-growth, high-valuation names like those contained in the ARK Innovation ETF (<b>ARKK</b>), however, TSLA has done better.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c356bf8e260123d0cea375b56d4aa04c\" tg-width=\"1200\" tg-height=\"620\" referrerpolicy=\"no-referrer\"/><span>Figure 2:Tesla stock (blue line) has underperformed the tech-rich Nasdaq 100 and the autonomous/electric vehicle peer group DRIV.</span></p><p>This is not to say, however, that TSLA has been a bad investment in the past several months or couple of years — quite the opposite, in fact.</p><p>This next chart shows how Tesla stock has lavishly outperformed all of the names mentioned above since around the bottom of the COVID-19 bear. The five-year chart (not depicted here) does not look much worse than this.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38e8e05e137bc2bd78a417bc0964ec74\" tg-width=\"1200\" tg-height=\"628\" referrerpolicy=\"no-referrer\"/><span>Figure 3:Tesla stock has lavishly outperformed Nasdaq 100, ARKK and DRIV.</span></p><p><b>Resilience or correction ahead?</b></p><p>There are two ways to interpret recent price action in Tesla stock. The glass-half-full view is that TSLA has been resilient to this year’s selloff. Considering roughly 90% in <i>annualized</i> returns between 2017 and 2021, Tesla’s 28% YTD dip in 2022 has been fairly small by comparison.</p><p>Bulls have business fundamentals reasons to think that Tesla will continue to climb from here, given enough time. The electric vehicle industry is expected to grow aggressively in the next several years: CAGR of 23% through 2027, according to one source.</p><p>The Russia-Ukraine crisis and spike in crude oil prices could also be a positive for Tesla in the end. Tesla’s products are one answer to the global dependence on hydrocarbons that has caused so much turmoil, including inflationary pressures, in the past few months.</p><p>But then, there is the glass-half-empty argument. Tesla stock is still up 77% per year for the past five years, despite all the macroeconomic and geopolitical headwinds. Isn’t it time for shares to de-risk a bit more, as those of so many of Tesla’s peers have since early last year?</p><p>Supporting this idea are rich valuations. According to Seeking Alpha, Tesla stock commands a very high 2022 P/E of 73 times on earnings growth that is expected to decline to a fairly modest 15% through 2025. Is this multiple justifiable in the current market environment?</p><p><b>2022 will be the moment of truth</b></p><p>Clearly, it is impossible to tell for sure whether the optimistic or the pessimistic views on Tesla stock will prove to be correct in the end. The remainder of 2022 will be crucial at determining which way Tesla stock will bifurcate.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock: 2022 Is The Moment Of Truth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock: 2022 Is The Moment Of Truth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-15 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/memestocks/reddit-trends/tesla-stock-2022-is-the-moment-of-truth><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla stock performed superbly in the past five years. Is this a good sign in the face of multiple headwinds in 2022, or is TSLA ripe for a sharper correction from here?Has Tesla stock (TSLA) been a ...</p>\n\n<a href=\"https://www.thestreet.com/memestocks/reddit-trends/tesla-stock-2022-is-the-moment-of-truth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/memestocks/reddit-trends/tesla-stock-2022-is-the-moment-of-truth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193863909","content_text":"Tesla stock performed superbly in the past five years. Is this a good sign in the face of multiple headwinds in 2022, or is TSLA ripe for a sharper correction from here?Has Tesla stock (TSLA) been a good investment? It depends on who you ask. So far in 2022, TSLA has been a loser in absolute terms and relative to most equity benchmarks.However, looking back a few years, this stock has been one of the best performers among large-cap names. The big question is: will Tesla be able to defend its rich valuations in a year of numerous market headwinds? Or is a sharper decline only a matter of time?TSLA: impressive performanceLet’s start with the chart below. It shows how, so far in 2022, Tesla stock (blue line) has underperformed the tech-rich Nasdaq 100 and the autonomous/electric vehicle peer group (DRIV). Compared to other high-growth, high-valuation names like those contained in the ARK Innovation ETF (ARKK), however, TSLA has done better.Figure 2:Tesla stock (blue line) has underperformed the tech-rich Nasdaq 100 and the autonomous/electric vehicle peer group DRIV.This is not to say, however, that TSLA has been a bad investment in the past several months or couple of years — quite the opposite, in fact.This next chart shows how Tesla stock has lavishly outperformed all of the names mentioned above since around the bottom of the COVID-19 bear. The five-year chart (not depicted here) does not look much worse than this.Figure 3:Tesla stock has lavishly outperformed Nasdaq 100, ARKK and DRIV.Resilience or correction ahead?There are two ways to interpret recent price action in Tesla stock. The glass-half-full view is that TSLA has been resilient to this year’s selloff. Considering roughly 90% in annualized returns between 2017 and 2021, Tesla’s 28% YTD dip in 2022 has been fairly small by comparison.Bulls have business fundamentals reasons to think that Tesla will continue to climb from here, given enough time. The electric vehicle industry is expected to grow aggressively in the next several years: CAGR of 23% through 2027, according to one source.The Russia-Ukraine crisis and spike in crude oil prices could also be a positive for Tesla in the end. Tesla’s products are one answer to the global dependence on hydrocarbons that has caused so much turmoil, including inflationary pressures, in the past few months.But then, there is the glass-half-empty argument. Tesla stock is still up 77% per year for the past five years, despite all the macroeconomic and geopolitical headwinds. Isn’t it time for shares to de-risk a bit more, as those of so many of Tesla’s peers have since early last year?Supporting this idea are rich valuations. According to Seeking Alpha, Tesla stock commands a very high 2022 P/E of 73 times on earnings growth that is expected to decline to a fairly modest 15% through 2025. Is this multiple justifiable in the current market environment?2022 will be the moment of truthClearly, it is impossible to tell for sure whether the optimistic or the pessimistic views on Tesla stock will prove to be correct in the end. The remainder of 2022 will be crucial at determining which way Tesla stock will bifurcate.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039370329,"gmtCreate":1645934096466,"gmtModify":1676534076107,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575807346407979","authorIdStr":"3575807346407979"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039370329","repostId":"1125580913","repostType":4,"repost":{"id":"1125580913","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645926503,"share":"https://ttm.financial/m/news/1125580913?lang=&edition=fundamental","pubTime":"2022-02-27 09:48","market":"us","language":"en","title":"Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1125580913","media":"Tiger Newspress","summary":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-yea","content":"<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value</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\">\nBuffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-27 09:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125580913","content_text":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”Read the full letter here：To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.What You OwnBerkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.Surprise, SurpriseHere are a few items about your company that often surprise even seasoned investors:• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.Our Four GiantsThrough Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.InvestmentsNow let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.* This is our actual purchase price and also our tax basis.** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.U.S. Treasury BillsBerkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.But $144 billion?That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.Share RepurchasesThere are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.A Wonderful Man and a Wonderful BusinessLast year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.In all ways, Paul was a class act.* * * * * * * * * * * *Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.ThanksI taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction workingfor you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”The Annual MeetingClear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.February 26, 2022Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}