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11-25

Well researched and analysis

PDD: Near-Term Correction Doesn't Deter Our Bullish Bargain Hunt

2023-11-30

Well noted

3 Unstoppable Growth Stocks to Buy if There's a Stock Market Sell-Off

2023-11-19

Hi Do you also recommend ETF with ELN to get the monthly income

Beyond Stocks: Index Funds Demystified for Every Investor

2023-08-18

Highly noted on the volatility today! Thanks

Traders Brace for Explosion of Volatility Friday As $2.2 Trillion in Stock Options Expire

2023-08-17

Good job ! well noted on the information presented

SGX Reports FY2023 Earnings of $570.9 Mil, up 26.5% YOY; Proposes Final Quarterly Dividend of 8.5 Cents

2023-08-17

We can still trust her judgement on long term

Cathie Wood Says Software Is the Next Big AI Buying Opportunity -- And These 4 Stocks Are Set to Crush the Market

2023-08-17

valid reason to to cost averaging now

Sea Limited: Doubling Down Opportunity From "Historic Plunge"

2023-08-16

Support your thesis!Value to go in

Sea Limited Earnings: Navigating Q2's Storm, Priced At 10x EBITDA

2023-07-15

I still believe the stock can up more base on market trend

Nio Stock Bulls are in for a Rude Awakening

2023-07-07

Buy small average down will not miss when market is up trend

Sorry, the original content has been removed

2023-07-06

Thanks for sharing , at least retail investors like us know that We are not alone in this game .

What The World's Top Investors Are Buying And Selling

2023-06-30

Buy boths and keep for long term sure win

Want to Get Richer? 2 Top AI Stocks to Buy Right Now

2023-06-26

Wonder how much is each battery swap stations cost

Nio Reaches 1,500 Swap Stations in China As It Aims for 2,300 By Year-End

2023-06-20

Thank and very detailed informative.

NIO: Challenges Must Be Faced

2023-06-02

Yes agreed TSMC can join the 1Trillion club and also now the share price is under valued

Sorry, the original content has been removed

2023-05-31

Keep up the good work

Tiger Brokers Surged 18% in Morning Trading After Posting Solid Q1 Results

2023-01-11

Can buy small amounts

Tesla Stock: Go Fishing Below $100?

2022-12-24

Apple: 3 Compelling Reasons To Invest In 2023

2022-12-10

Buy Microsoft and enjoy dividend too

Better Buy: Microsoft vs. Amazon

2022-12-07

Fully support, strong buy if below $3

Grab Holdings: Keep On Moving, Keep Improving, Keep Expanding

Go to Tiger App to see more news

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researched and analysis&nbsp;","listText":"Well researched and analysis&nbsp;","text":"Well researched and analysis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374784629006496","repostId":"2485201958","repostType":4,"repost":{"id":"2485201958","kind":"highlight","pubTimestamp":1732506268,"share":"https://ttm.financial/m/news/2485201958?lang=&edition=fundamental","pubTime":"2024-11-25 11:44","market":"us","language":"en","title":"PDD: Near-Term Correction Doesn't Deter Our Bullish Bargain Hunt","url":"https://stock-news.laohu8.com/highlight/detail?id=2485201958","media":"seekingalpha","summary":"We remain bullish on PDD despite a 15% share price pullback, viewing it as an attractive entry point for growth-focused investors.PDD's cost leadership and Temu's global growth potential position it favorably against competitors like JD and Alibaba.Current valuation undervalues PDD, especially considering Temu's expansion and the company's strong domestic and international market positioning.Key risks include potential prolonged consumption pullback in China, but Temu's growth remains a critical component of our bullish outlook.TommL  We remain bullish on PDD  after the 15% pullback in share price following the 3Q24 print in which revenue slightly missed consensus. Although the company does not historically offer guidance, management commentary during the quarter implicitly guided that competition","content":"<html><head></head><body><ul style=\"\"><li><p>We remain bullish on PDD despite a 15% share price pullback, viewing it as an attractive entry point for growth-focused investors.</p></li><li><p>PDD&#39;s cost leadership and Temu&#39;s global growth potential position it favorably against competitors like JD and Alibaba.</p></li><li><p>Current valuation undervalues PDD, especially considering Temu&#39;s expansion and the company&#39;s strong domestic and international market positioning.</p></li><li><p>Key risks include potential prolonged consumption pullback in China, but Temu&#39;s growth remains a critical component of our bullish outlook.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3490f3a9373a26405e9d116d3a813efc\" tg-width=\"750\" tg-height=\"308\"/></p><p></p><p>We remain bullish on  <a href=\"https://laohu8.com/S/PDD\">PDD Holdings Inc</a>  after the 15% pullback in share price following the 3Q24 print in which revenue slightly missed consensus. Although the company does not historically offer guidance, management commentary during the quarter implicitly guided that competition in China e-commerce is intensifying and that topline growth is expected to decelerate with margin contraction due to elevated investment in merchant and user retention.</p><p style=\"text-align: left;\">The share price corrected by ~15% post-print over the past two days, which is less severe than last quarter when it corrected by 30% back in August under a similar narrative.</p><p style=\"text-align: left;\">We believe that the pullback presents an attractive entry point for investors who are looking for one of the few growth stocks within China’s internet sector with the additional optionality of global growth potential.</p><p style=\"text-align: left;\">A few reasons drive our view:</p><p style=\"text-align: left;\">First, PDD remains the cost leader with significant downward pricing power compared with the other Chinese e-commerce peers and is likely to maintain or even expand its market share amid the competitive environment.</p><p style=\"text-align: left;\">Second, Temu remains an attractive optionality within PDD and a structural growth driver as Temu is one of few e-commerce platforms that has the potential to meet the demand for discount e-commerce on a global level.</p><p style=\"text-align: left;\">Third, investors are concerned about the potential tariff impact on Chinese imports during the Trump presidency. We believe this is a lower perceived risk given an extreme tariff on Chinese goods would not only hurt the Chinese companies but also the US consumers. In addition, the semi-managed model by PDD within the US could partially address the import risk.</p><p style=\"text-align: left;\">Finally, the current valuation of 8.1x 2025E consensus earnings values PDD similarly to JD (JD) and a discount to Alibaba (BABA), which we believe to be an injustice given PDD has been taking shares from BABA (see: Alibaba: The &#39;Value Play&#39; That Keeps On Disappointing) and is better positioned globally than both JD (see: JD.com: A Value Trap Boxed In By Housing Slump And Weak Consumer Sentiment) and BABA. The only thing we concur with the current valuation level is that PDD should be trading at a premium vs. Vipshop (VIPS) which we view to have questionable long-term value (see: Vipshop: A Paradox Of Attractive Valuations And Deteriorating Fundamentals).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8db48422d3bac9029c79ec22340902e9\" alt=\"forward P/E chart\" title=\"forward P/E chart\" tg-width=\"640\" tg-height=\"358\"/><span>forward P/E chart</span></p><p style=\"text-align: left;\"><strong>Capital IQ, Astrada Advisors</strong></p><p style=\"text-align: left;\">With 56 buys, 3 holds, and 1 sell, per Bloomberg, PDD is a consensus buy given its unique position to expand both domestic and international e-commerce share within a sector that is facing limited topline growth given the soft macro backdrop.</p><p style=\"text-align: left;\">The Q3 miss will likely result in near-term de-rating of the stock and we believe that this is an attractive opportunity for investors to accumulate a position on PDD given its superior competitive standing relative to the other Chinese e-commerce players.</p><p style=\"text-align: left;\"><strong>A near-term hiccup with no shift in narrative</strong></p><p style=\"text-align: left;\">The key messages from PDD’s (PDD) 3Q24 can be summarized as 1) domestic competition in China is becoming increasingly intensive in which platforms are vying for a larger share of a shrinking consumer wallet share, and a larger investment cycle is needed to retain merchant and attract consumers, 2) Temu’s growth is decelerating faster than many expected given the diminishing low base effect and penetration in key markets such as the US and Europe are starting to show signs of fatigue.</p><p style=\"text-align: left;\">The surprising aspect of this quarter’s call is that management appears to be more focused on the relevant topics (ie. competitive dynamic within e-commerce) compared with the prior call mostly focused on agriculture, an area that is largely irrelevant to investor focus.</p><p style=\"text-align: left;\">Management acknowledged that competition in e-commerce is intensifying with PDD investing in various programs such as the RMB 10bn subsidy to merchants and subsidized logistics and fulfilment support for orders in western China in an effort to retain quality merchants onto the platform. This in turn allows PDD to maintain user stickiness and GMV growth in an environment of constrained consumer and soft macro.</p><p style=\"text-align: left;\">Worth reminding investors that although competition in China is intensifying and PDD is adapting to the shift in competitive dynamic, PDD continues to have the cost advantage vs. JD and BABA given its direct-to-manufacturer model while the other platforms are largely middlemen between brands and consumers. This allows PDD to secure relevant products at a lower price point for the consumers, thereby maintaining their consumer mindshare and wallet share.</p><p style=\"text-align: left;\">We believe that our bullish on PDD holds as long as the Chinese consumers are willing to trade down and this view is central to our prior thesis on PDD (see: PDD: Shop Until You Drop). However, the risk to our thesis is that if the consumers are <em>pulling back on spending rather than trading down</em>, then PDD’s domestic GMV growth could be pressured. Although the growing competitive dynamic in China amongst the e-commerce players and the decelerating growth in PDD’s China business implies that there is a certain level of consumption pullback, we think it is still too early to tell whether this trend is structural.</p><p style=\"text-align: left;\">The key risk to our thesis on PDD would be a scenario of a prolonged consumption pullback due to a lack of consumption-oriented stimulus, rising pessimism towards income growth and youth unemployment. Under such a scenario, we would be more cautious about PDD’s near-term prospects and would review our thesis and estimates.</p><p style=\"text-align: left;\"><strong>Temu growth remains intact.</strong></p><p style=\"text-align: left;\">A critical component of our bullish view on PDD lies in our view on Temu, which we believe has the potential to become a global discount online retailer and propel PDD to become a global Chinese company similar to that of Byedance and Haier.</p><p style=\"text-align: left;\">Temu has been expanding its scale in both product categories and geographic coverage, both of which have seen ongoing success.</p><p style=\"text-align: left;\">We note that while Temu has historically focused on apparel and household goods, fast-growth categories in beauty and cosmetics are also becoming relevant and consumers are starting to appreciate the product quality and value for money that Temu is offering.</p><p style=\"text-align: left;\">In the US, Temu has opened its platform to US sellers through its semi-managed model, which we believe has the potential to take on Amazon (AMZN) (See: Amazon 3Q24: Strong Beat Overshadows Rising Temu Risk). Although AMZN has rolled out its discount platform Haul, we believe AMZN is facing an uphill battle given its suppliers are all China-based and the cost of ramping up the platform would put further pressure on its margins given the elevated cost of merchant and user acquisition as well as logistics cost. (See: Amazon: Keeping Up With Temu For The Long Haul)</p><p style=\"text-align: left;\">In France, Temu has become one of the leading discount online platforms, a position that was previously held by Shein. Elsewhere in Africa, Temu’s expansion is making local e-commerce leader Jumia rethink its strategy.</p><p style=\"text-align: left;\">All these indicators suggest positive momentum for Temu and underscores our bullish view that Temu is an underappreciated asset by many investors.</p><p style=\"text-align: left;\"><strong>Valuing PDD on SoTP</strong></p><p style=\"text-align: left;\">At the current valuation, PDD investors are essentially getting Temu for free when valuing PDD based on SoTP.</p><p style=\"text-align: left;\">We estimate that PDD China’s e-commerce business uses a P/E multiple with a low end at 10x P/E and a high end at 15x P/E. Our revenue estimate assumes a low double-digit revenue growth which we view to be on the conservative side. Assuming a 40% net margin, we derive PDD China’s value per share to be between $78/share and $117/share, the midpoint of which implies $97/share vs. the current value of $99/share.</p><p style=\"text-align: left;\">For the DDG grocery delivery arm, we value this asset using the EV/EBITDA method, applying a comparable multiple to that of global food delivery and grocery delivery peers. We derive an implied value of $10/share.</p><p style=\"text-align: left;\">Finally, we assume Temu to deliver 60% revenue growth for 2025E and value this asset at 2x – 5x EV/Revenue. Worth flagging that PDD’s domestic peers trade at 1x EV/Revenue while AMZN and EBAY trade between 2x – 3x EV/Revenue. Given that Temu has a faster growth rate than AMZN and EBAY, a higher revenue multiple is warranted in our view.</p><p style=\"text-align: left;\">Factoring in all the assumptions, we value PDD at $144/share on the low end and $231/share on the high end. The midpoint of $188/share implies an 89% upside from the current level.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a5ebbb082fdfc00541d293142fb501f5\" alt=\"Capital IQ, Astrada Advisors\" title=\"Capital IQ, Astrada Advisors\" tg-width=\"640\" tg-height=\"252\"/><span>Capital IQ, Astrada Advisors</span></p><p></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PDD: Near-Term Correction Doesn't Deter Our Bullish Bargain Hunt</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\">\nPDD: Near-Term Correction Doesn't Deter Our Bullish Bargain Hunt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-25 11:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4739828-pdd-near-term-correction-doesnt-deter-our-bullish-bargain-hunt><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We remain bullish on PDD despite a 15% share price pullback, viewing it as an attractive entry point for growth-focused investors.PDD's cost leadership and Temu's global growth potential position it ...</p>\n\n<a href=\"https://seekingalpha.com/article/4739828-pdd-near-term-correction-doesnt-deter-our-bullish-bargain-hunt\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999002463.SGD":"LionGlobal China Growth SGD","LU0683595622.HKD":"AB SICAV I-EM.MKTS MUL.ASS.PTF(AD)","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","LU0502904849.HKD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (HKD) ACC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0589944569.HKD":"ALLIANZ EMERGING ASIA EQUITY \"AT\" (HKD) ACC","LU0047713382.USD":"BGF EMERGING MARKETS \"A2\" ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU0823426308.USD":"法巴中国股票基金","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU0633140560.USD":"AB EMERGING MARKET MULTI ASSET PORTFOLIO \"A\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","BK4531":"中概回港概念","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","BK4553":"喜马拉雅资本持仓","PDD":"拼多多","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","BK4535":"淡马锡持仓","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","SG9999014674.SGD":"Nikko AM All China Equity A SGD","LU0359201612.USD":"贝莱德中国基金A2","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","BK4588":"碎股","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","BK4505":"高瓴资本持仓","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","BK4504":"桥水持仓","LU1769817096.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (USD) INC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/article/4739828-pdd-near-term-correction-doesnt-deter-our-bullish-bargain-hunt","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2485201958","content_text":"We remain bullish on PDD despite a 15% share price pullback, viewing it as an attractive entry point for growth-focused investors.PDD's cost leadership and Temu's global growth potential position it favorably against competitors like JD and Alibaba.Current valuation undervalues PDD, especially considering Temu's expansion and the company's strong domestic and international market positioning.Key risks include potential prolonged consumption pullback in China, but Temu's growth remains a critical component of our bullish outlook.We remain bullish on  PDD Holdings Inc  after the 15% pullback in share price following the 3Q24 print in which revenue slightly missed consensus. Although the company does not historically offer guidance, management commentary during the quarter implicitly guided that competition in China e-commerce is intensifying and that topline growth is expected to decelerate with margin contraction due to elevated investment in merchant and user retention.The share price corrected by ~15% post-print over the past two days, which is less severe than last quarter when it corrected by 30% back in August under a similar narrative.We believe that the pullback presents an attractive entry point for investors who are looking for one of the few growth stocks within China’s internet sector with the additional optionality of global growth potential.A few reasons drive our view:First, PDD remains the cost leader with significant downward pricing power compared with the other Chinese e-commerce peers and is likely to maintain or even expand its market share amid the competitive environment.Second, Temu remains an attractive optionality within PDD and a structural growth driver as Temu is one of few e-commerce platforms that has the potential to meet the demand for discount e-commerce on a global level.Third, investors are concerned about the potential tariff impact on Chinese imports during the Trump presidency. We believe this is a lower perceived risk given an extreme tariff on Chinese goods would not only hurt the Chinese companies but also the US consumers. In addition, the semi-managed model by PDD within the US could partially address the import risk.Finally, the current valuation of 8.1x 2025E consensus earnings values PDD similarly to JD (JD) and a discount to Alibaba (BABA), which we believe to be an injustice given PDD has been taking shares from BABA (see: Alibaba: The 'Value Play' That Keeps On Disappointing) and is better positioned globally than both JD (see: JD.com: A Value Trap Boxed In By Housing Slump And Weak Consumer Sentiment) and BABA. The only thing we concur with the current valuation level is that PDD should be trading at a premium vs. Vipshop (VIPS) which we view to have questionable long-term value (see: Vipshop: A Paradox Of Attractive Valuations And Deteriorating Fundamentals).forward P/E chartCapital IQ, Astrada AdvisorsWith 56 buys, 3 holds, and 1 sell, per Bloomberg, PDD is a consensus buy given its unique position to expand both domestic and international e-commerce share within a sector that is facing limited topline growth given the soft macro backdrop.The Q3 miss will likely result in near-term de-rating of the stock and we believe that this is an attractive opportunity for investors to accumulate a position on PDD given its superior competitive standing relative to the other Chinese e-commerce players.A near-term hiccup with no shift in narrativeThe key messages from PDD’s (PDD) 3Q24 can be summarized as 1) domestic competition in China is becoming increasingly intensive in which platforms are vying for a larger share of a shrinking consumer wallet share, and a larger investment cycle is needed to retain merchant and attract consumers, 2) Temu’s growth is decelerating faster than many expected given the diminishing low base effect and penetration in key markets such as the US and Europe are starting to show signs of fatigue.The surprising aspect of this quarter’s call is that management appears to be more focused on the relevant topics (ie. competitive dynamic within e-commerce) compared with the prior call mostly focused on agriculture, an area that is largely irrelevant to investor focus.Management acknowledged that competition in e-commerce is intensifying with PDD investing in various programs such as the RMB 10bn subsidy to merchants and subsidized logistics and fulfilment support for orders in western China in an effort to retain quality merchants onto the platform. This in turn allows PDD to maintain user stickiness and GMV growth in an environment of constrained consumer and soft macro.Worth reminding investors that although competition in China is intensifying and PDD is adapting to the shift in competitive dynamic, PDD continues to have the cost advantage vs. JD and BABA given its direct-to-manufacturer model while the other platforms are largely middlemen between brands and consumers. This allows PDD to secure relevant products at a lower price point for the consumers, thereby maintaining their consumer mindshare and wallet share.We believe that our bullish on PDD holds as long as the Chinese consumers are willing to trade down and this view is central to our prior thesis on PDD (see: PDD: Shop Until You Drop). However, the risk to our thesis is that if the consumers are pulling back on spending rather than trading down, then PDD’s domestic GMV growth could be pressured. Although the growing competitive dynamic in China amongst the e-commerce players and the decelerating growth in PDD’s China business implies that there is a certain level of consumption pullback, we think it is still too early to tell whether this trend is structural.The key risk to our thesis on PDD would be a scenario of a prolonged consumption pullback due to a lack of consumption-oriented stimulus, rising pessimism towards income growth and youth unemployment. Under such a scenario, we would be more cautious about PDD’s near-term prospects and would review our thesis and estimates.Temu growth remains intact.A critical component of our bullish view on PDD lies in our view on Temu, which we believe has the potential to become a global discount online retailer and propel PDD to become a global Chinese company similar to that of Byedance and Haier.Temu has been expanding its scale in both product categories and geographic coverage, both of which have seen ongoing success.We note that while Temu has historically focused on apparel and household goods, fast-growth categories in beauty and cosmetics are also becoming relevant and consumers are starting to appreciate the product quality and value for money that Temu is offering.In the US, Temu has opened its platform to US sellers through its semi-managed model, which we believe has the potential to take on Amazon (AMZN) (See: Amazon 3Q24: Strong Beat Overshadows Rising Temu Risk). Although AMZN has rolled out its discount platform Haul, we believe AMZN is facing an uphill battle given its suppliers are all China-based and the cost of ramping up the platform would put further pressure on its margins given the elevated cost of merchant and user acquisition as well as logistics cost. (See: Amazon: Keeping Up With Temu For The Long Haul)In France, Temu has become one of the leading discount online platforms, a position that was previously held by Shein. Elsewhere in Africa, Temu’s expansion is making local e-commerce leader Jumia rethink its strategy.All these indicators suggest positive momentum for Temu and underscores our bullish view that Temu is an underappreciated asset by many investors.Valuing PDD on SoTPAt the current valuation, PDD investors are essentially getting Temu for free when valuing PDD based on SoTP.We estimate that PDD China’s e-commerce business uses a P/E multiple with a low end at 10x P/E and a high end at 15x P/E. Our revenue estimate assumes a low double-digit revenue growth which we view to be on the conservative side. Assuming a 40% net margin, we derive PDD China’s value per share to be between $78/share and $117/share, the midpoint of which implies $97/share vs. the current value of $99/share.For the DDG grocery delivery arm, we value this asset using the EV/EBITDA method, applying a comparable multiple to that of global food delivery and grocery delivery peers. We derive an implied value of $10/share.Finally, we assume Temu to deliver 60% revenue growth for 2025E and value this asset at 2x – 5x EV/Revenue. Worth flagging that PDD’s domestic peers trade at 1x EV/Revenue while AMZN and EBAY trade between 2x – 3x EV/Revenue. Given that Temu has a faster growth rate than AMZN and EBAY, a higher revenue multiple is warranted in our view.Factoring in all the assumptions, we value PDD at $144/share on the low end and $231/share on the high end. The midpoint of $188/share implies an 89% upside from the current level.Capital IQ, Astrada Advisors","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246903241408560,"gmtCreate":1701300592039,"gmtModify":1701300596514,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Well noted&nbsp;","listText":"Well noted&nbsp;","text":"Well noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246903241408560","repostId":"2387443133","repostType":2,"repost":{"id":"2387443133","kind":"highlight","pubTimestamp":1701272840,"share":"https://ttm.financial/m/news/2387443133?lang=&edition=fundamental","pubTime":"2023-11-29 23:47","market":"us","language":"en","title":"3 Unstoppable Growth Stocks to Buy if There's a Stock Market Sell-Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2387443133","media":"Motley Fool","summary":"Great companies can get expensive. There's reason to be patient with these stocks before buying shares.","content":"<html><head></head><body><p>The stock market has been on a nice run of late. At the time of this writing, the <strong>S&amp;P 500</strong> has gained 7% over the past month while the <strong>Nasdaq Composite</strong> has risen by 8%. While it&#39;s always great to see green in your brokerage account, with higher prices come higher valuations. Paying too much for even a great growth stock can significantly cut into investor returns.</p><p>However, it is inevitable that the market will eventually turn and stocks will fall. That can be difficult to endure, but it will also provide buying opportunities for the best businesses in the world. Let&#39;s take a look at three growth companies with stocks to buy if there&#39;s a sell-off in the market.</p><h2 id=\"id_3043162096\"><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a></h2><p>Semiconductor chip developer Nvidia has been in the news lately for very good reasons. Driven by the rush into artificial intelligence (AI), Nvidia has seen mind-boggling results in the last two quarters. Consider the year-over-year revenue growth and net income over the latest two quarters of its fiscal 2024 (ended Oct. 29, 2023).</p><table style=\"border-collapse:collapse;\"><tbody><tr><th style=\"text-align:left;\"><p>Metric</p></th><th style=\"text-align:left;\"><p>Q2 2024</p></th><th style=\"text-align:left;\"><p>Q3 2024</p></th></tr></tbody><tbody><tr><td style=\"text-align:left;\"><p>Revenue growth (YOY)</p></td><td style=\"text-align:left;\"><p>101%</p></td><td style=\"text-align:left;\"><p>206%</p></td></tr><tr><td style=\"text-align:left;\"><p>Net income (YOY)</p></td><td style=\"text-align:left;\"><p>843%</p></td><td style=\"text-align:left;\"><p>1,259%</p></td></tr></tbody></table><p>Data source: Nvidia.</p><p>Management expects this trend to continue at least for another quarter. Fourth-quarter 2024 revenue is projected to be $20 billion. That would represent a 231% increase over Q4 2023. The majority of this growth has been in Nvidia&#39;s data center business and it&#39;s because of the interest in chips that can help with artificial intelligence.</p><p>Even if the AI revolution is upon us, it&#39;s unlikely Nvidia will see this level of growth over the long term. As one might expect, the valuation of Nvidia shares is a reflection of the recent results. Nvidia currently trades for 115 times trailing earnings. Compare that to the S&amp;P 500&#39;s price-to-earnings (P/E) ratio of 25 and it&#39;s clear that investors may be better off waiting for the stock to pull back before buying shares.</p><h2 id=\"id_1986814512\"><a href=\"https://laohu8.com/S/AAPL\">Apple</a></h2><p><strong>Apple</strong> is a great company and still is likely to show periods of growth ahead, but the current valuation suggests it may be best to wait before buying shares. Apple is trading for a P/E multiple of 31, which is well above the market average. What makes that more concerning from the standpoint of potential returns is that the results over the last few quarters are showing signs of slowing momentum.</p><p>In the most recently reported fiscal quarter, revenue growth declined by 1% year over year. This was the fourth consecutive quarter with a decline in year-over-year revenue growth. Both revenue and free cash flow have been trending down over the last year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5f83f27e8a244b4d41e17f7014c7d24\" tg-width=\"720\" tg-height=\"466\"/></p><p>AAPL Free Cash Flow (Quarterly) data by YCharts</p><p>There&#39;s every chance that this is a temporary lull in Apple&#39;s growth story. However, the current valuation doesn&#39;t match the results. There&#39;s a chance that Apple&#39;s growth reaccelerates from here, rewarding shareholders who buy today. However, the more likely scenario is that results from today&#39;s valuation could be disappointing. Waiting for a market sell-off seems prudent.</p><h2 id=\"id_4004260442\"><a href=\"https://laohu8.com/S/ASML\">ASML</a></h2><p>To put it simply, there&#39;s no way to build the most high-tech semiconductor chips without <strong>ASML</strong>. This Dutch company makes the machines necessary for Extreme Ultraviolet Lithography (EUV), which is an essential part of the production of chips, and it&#39;s the only company in the world that does so.</p><p>Without looking at results, one might guess ASML is struggling considering the semiconductor industry is in a cyclical down cycle. Luckily, ASML has a strong backlog to rely on. As of the end of the third quarter of 2023, ASML had a backlog of 38 billion Euros. There is more demand for ASML&#39;s machines than it can accommodate, which is helping bridge the gap while the market is working through the bottom of its cycle.</p><p>ASML currently trades for 35 times earnings and 46 times free cash flow. These multiples are both right around the historical average for the company but are still expensive. While investors could still see an investment from here do well, it couldn&#39;t hurt to wait for a market sell-off to add more shares.</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 Unstoppable Growth Stocks to Buy if There's a Stock Market Sell-Off</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 Unstoppable Growth Stocks to Buy if There's a Stock Market Sell-Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-29 23:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/11/29/3-unstoppable-growth-stocks-to-buy-if-theres-a/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market has been on a nice run of late. At the time of this writing, the S&P 500 has gained 7% over the past month while the Nasdaq Composite has risen by 8%. While it's always great to see ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/11/29/3-unstoppable-growth-stocks-to-buy-if-theres-a/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦","NVDA":"英伟达","AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2023/11/29/3-unstoppable-growth-stocks-to-buy-if-theres-a/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2387443133","content_text":"The stock market has been on a nice run of late. At the time of this writing, the S&P 500 has gained 7% over the past month while the Nasdaq Composite has risen by 8%. While it's always great to see green in your brokerage account, with higher prices come higher valuations. Paying too much for even a great growth stock can significantly cut into investor returns.However, it is inevitable that the market will eventually turn and stocks will fall. That can be difficult to endure, but it will also provide buying opportunities for the best businesses in the world. Let's take a look at three growth companies with stocks to buy if there's a sell-off in the market.NvidiaSemiconductor chip developer Nvidia has been in the news lately for very good reasons. Driven by the rush into artificial intelligence (AI), Nvidia has seen mind-boggling results in the last two quarters. Consider the year-over-year revenue growth and net income over the latest two quarters of its fiscal 2024 (ended Oct. 29, 2023).MetricQ2 2024Q3 2024Revenue growth (YOY)101%206%Net income (YOY)843%1,259%Data source: Nvidia.Management expects this trend to continue at least for another quarter. Fourth-quarter 2024 revenue is projected to be $20 billion. That would represent a 231% increase over Q4 2023. The majority of this growth has been in Nvidia's data center business and it's because of the interest in chips that can help with artificial intelligence.Even if the AI revolution is upon us, it's unlikely Nvidia will see this level of growth over the long term. As one might expect, the valuation of Nvidia shares is a reflection of the recent results. Nvidia currently trades for 115 times trailing earnings. Compare that to the S&P 500's price-to-earnings (P/E) ratio of 25 and it's clear that investors may be better off waiting for the stock to pull back before buying shares.AppleApple is a great company and still is likely to show periods of growth ahead, but the current valuation suggests it may be best to wait before buying shares. Apple is trading for a P/E multiple of 31, which is well above the market average. What makes that more concerning from the standpoint of potential returns is that the results over the last few quarters are showing signs of slowing momentum.In the most recently reported fiscal quarter, revenue growth declined by 1% year over year. This was the fourth consecutive quarter with a decline in year-over-year revenue growth. Both revenue and free cash flow have been trending down over the last year.AAPL Free Cash Flow (Quarterly) data by YChartsThere's every chance that this is a temporary lull in Apple's growth story. However, the current valuation doesn't match the results. There's a chance that Apple's growth reaccelerates from here, rewarding shareholders who buy today. However, the more likely scenario is that results from today's valuation could be disappointing. Waiting for a market sell-off seems prudent.ASMLTo put it simply, there's no way to build the most high-tech semiconductor chips without ASML. This Dutch company makes the machines necessary for Extreme Ultraviolet Lithography (EUV), which is an essential part of the production of chips, and it's the only company in the world that does so.Without looking at results, one might guess ASML is struggling considering the semiconductor industry is in a cyclical down cycle. Luckily, ASML has a strong backlog to rely on. As of the end of the third quarter of 2023, ASML had a backlog of 38 billion Euros. There is more demand for ASML's machines than it can accommodate, which is helping bridge the gap while the market is working through the bottom of its cycle.ASML currently trades for 35 times earnings and 46 times free cash flow. These multiples are both right around the historical average for the company but are still expensive. While investors could still see an investment from here do well, it couldn't hurt to wait for a market sell-off to add more shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":242945696477256,"gmtCreate":1700350100188,"gmtModify":1700350104206,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Hi Do you also recommend ETF with ELN to get the monthly income&nbsp;","listText":"Hi Do you also recommend ETF with ELN to get the monthly income&nbsp;","text":"Hi Do you also recommend ETF with ELN to get the monthly income","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/242945696477256","repostId":"1149045319","repostType":2,"repost":{"id":"1149045319","kind":"news","weMediaInfo":{"introduction":"Everything can be ETF","home_visible":1,"media_name":"ETF Tracker","id":"1070810721","head_image":"https://community-static.tradeup.com/news/29067a19beca7bb0f3038d0bea28f179"},"pubTimestamp":1700299343,"share":"https://ttm.financial/m/news/1149045319?lang=&edition=fundamental","pubTime":"2023-11-18 17:22","market":"sh","language":"en","title":"Beyond Stocks: Index Funds Demystified for Every Investor","url":"https://stock-news.laohu8.com/highlight/detail?id=1149045319","media":"ETF Tracker","summary":"Are there any restrictions on investing in the fund?Are there other funds from the provider aligning with your interests?","content":"<html><head></head><body><p>Index funds are straightforward investments mirroring market indices, typically composed of stocks or bonds. These funds invest in all index components and are managed to match index performance.</p><p style=\"text-align: start;\"><strong>1. Choosing an Index:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Numerous indices are available for tracking using index funds.</p></li><li><p>Popular choices: S&amp;P 500 (top 500 U.S. companies), Dow Jones, Nasdaq, Russell 2000, MSCI EAFE, and more.</p></li><li><p>Specialized indices cover industries, countries, and styles.</p></li></ul><p style=\"text-align: start;\"><strong>2. Selecting the Right Fund:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Once an index is chosen, multiple funds may track it.</p></li><li><p>Key considerations:</p><ul style=\"list-style-type: disc;\"><li><p>Which fund closely mirrors index performance?</p></li><li><p>Which fund has the lowest costs?</p></li><li><p>Are there any restrictions on investing in the fund?</p></li><li><p>Are there other funds from the provider aligning with your interests?</p></li></ul></li></ul><p style=\"text-align: start;\"><strong>3. Purchasing Index Fund Shares:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Open a brokerage or mutual fund account to buy shares.</p></li><li><p>Consider costs and features when choosing between options.</p></li></ul><p style=\"text-align: start;\"><strong>Pros and Cons of Index Funds:</strong></p><p style=\"text-align: start;\"><em>Why Invest in Index Funds?</em></p><ul style=\"list-style-type: disc;\"><li><p><strong>Simplicity and Effectiveness:</strong> Easy wealth accumulation without extensive research.</p></li><li><p><strong>Risk Management:</strong> Diversification reduces the impact of individual company performance.</p></li><li><p><strong>Variety of Choices:</strong> Options for broad or specialized investments.</p></li><li><p><strong>Cost Efficiency:</strong> Lower costs compared to actively managed funds.</p></li><li><p><strong>Tax Efficiency:</strong> Infrequent trading minimizes capital gains taxes.</p></li><li><p><strong>Long-Term Growth:</strong> Captures market growth over time.</p></li></ul><p style=\"text-align: start;\"><em>Drawbacks of Index Funds:</em></p><ul style=\"list-style-type: disc;\"><li><p><strong>Market Performance Match:</strong> Designed to match, not beat, market performance.</p></li><li><p><strong>Short-Term Downside Risk:</strong> Follows market fluctuations, including downturns.</p></li><li><p><strong>Diversification Trade-Off:</strong> May hold unwanted stocks and miss preferred ones.</p></li></ul><p style=\"text-align: start;\"><strong>Recommended Index Funds:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Vanguard S&amp;P 500 ETF (VOO): Tracks S&amp;P 500; $10,000 investment costs $3 annually.</p></li><li><p>Vanguard Total Stock Market (VTI): Diverse U.S. stock indices; $10,000 investment costs $3 annually.</p></li><li><p>Vanguard Total International Stock Market (VXUS): Global stocks excluding U.S.; $10,000 investment costs $7 annually.</p></li><li><p>Vanguard Total Bond (BND): Various bond indices; $10,000 investment costs $3 annually.</p></li></ul><p style=\"text-align: start;\"><em>Note: Mentioned fees are expense ratios reflected in the fund&#39;s share price.</em></p><p style=\"text-align: start;\">In conclusion, index funds offer a simple and successful investment strategy for all skill levels, making them an excellent solution for achieving financial goals without the need for extensive research.</p><p><strong><em>Recommended Reading：<a href=\"https://ttm.financial/post/240644339609640\" title=\"Accelerating Wealth: Unleashing Financial Freedom through the Magic of Compound Interest\" target=\"_blank\">Accelerating Wealth: Unleashing Financial Freedom through the Magic of Compound Interest</a></em></strong></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>Beyond Stocks: Index Funds Demystified for Every Investor</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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\">\nBeyond Stocks: Index Funds Demystified for Every Investor\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1070810721\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/29067a19beca7bb0f3038d0bea28f179);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">ETF Tracker </p>\n<p class=\"h-time\">2023-11-18 17:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Index funds are straightforward investments mirroring market indices, typically composed of stocks or bonds. These funds invest in all index components and are managed to match index performance.</p><p style=\"text-align: start;\"><strong>1. Choosing an Index:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Numerous indices are available for tracking using index funds.</p></li><li><p>Popular choices: S&amp;P 500 (top 500 U.S. companies), Dow Jones, Nasdaq, Russell 2000, MSCI EAFE, and more.</p></li><li><p>Specialized indices cover industries, countries, and styles.</p></li></ul><p style=\"text-align: start;\"><strong>2. Selecting the Right Fund:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Once an index is chosen, multiple funds may track it.</p></li><li><p>Key considerations:</p><ul style=\"list-style-type: disc;\"><li><p>Which fund closely mirrors index performance?</p></li><li><p>Which fund has the lowest costs?</p></li><li><p>Are there any restrictions on investing in the fund?</p></li><li><p>Are there other funds from the provider aligning with your interests?</p></li></ul></li></ul><p style=\"text-align: start;\"><strong>3. Purchasing Index Fund Shares:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Open a brokerage or mutual fund account to buy shares.</p></li><li><p>Consider costs and features when choosing between options.</p></li></ul><p style=\"text-align: start;\"><strong>Pros and Cons of Index Funds:</strong></p><p style=\"text-align: start;\"><em>Why Invest in Index Funds?</em></p><ul style=\"list-style-type: disc;\"><li><p><strong>Simplicity and Effectiveness:</strong> Easy wealth accumulation without extensive research.</p></li><li><p><strong>Risk Management:</strong> Diversification reduces the impact of individual company performance.</p></li><li><p><strong>Variety of Choices:</strong> Options for broad or specialized investments.</p></li><li><p><strong>Cost Efficiency:</strong> Lower costs compared to actively managed funds.</p></li><li><p><strong>Tax Efficiency:</strong> Infrequent trading minimizes capital gains taxes.</p></li><li><p><strong>Long-Term Growth:</strong> Captures market growth over time.</p></li></ul><p style=\"text-align: start;\"><em>Drawbacks of Index Funds:</em></p><ul style=\"list-style-type: disc;\"><li><p><strong>Market Performance Match:</strong> Designed to match, not beat, market performance.</p></li><li><p><strong>Short-Term Downside Risk:</strong> Follows market fluctuations, including downturns.</p></li><li><p><strong>Diversification Trade-Off:</strong> May hold unwanted stocks and miss preferred ones.</p></li></ul><p style=\"text-align: start;\"><strong>Recommended Index Funds:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Vanguard S&amp;P 500 ETF (VOO): Tracks S&amp;P 500; $10,000 investment costs $3 annually.</p></li><li><p>Vanguard Total Stock Market (VTI): Diverse U.S. stock indices; $10,000 investment costs $3 annually.</p></li><li><p>Vanguard Total International Stock Market (VXUS): Global stocks excluding U.S.; $10,000 investment costs $7 annually.</p></li><li><p>Vanguard Total Bond (BND): Various bond indices; $10,000 investment costs $3 annually.</p></li></ul><p style=\"text-align: start;\"><em>Note: Mentioned fees are expense ratios reflected in the fund&#39;s share price.</em></p><p style=\"text-align: start;\">In conclusion, index funds offer a simple and successful investment strategy for all skill levels, making them an excellent solution for achieving financial goals without the need for extensive research.</p><p><strong><em>Recommended Reading：<a href=\"https://ttm.financial/post/240644339609640\" title=\"Accelerating Wealth: Unleashing Financial Freedom through the Magic of Compound Interest\" target=\"_blank\">Accelerating Wealth: Unleashing Financial Freedom through the Magic of Compound Interest</a></em></strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VXUS":"国际股票ETF-Vanguard","IWM":"罗素2000指数ETF","VOO":"Vanguard标普500ETF","VTI":"大盘指数ETF-Vanguard MSCI","SPY":"标普500ETF","BND":"债券指数ETF-Vanguard美国","QQQ":"纳指100ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149045319","content_text":"Index funds are straightforward investments mirroring market indices, typically composed of stocks or bonds. These funds invest in all index components and are managed to match index performance.1. Choosing an Index:Numerous indices are available for tracking using index funds.Popular choices: S&P 500 (top 500 U.S. companies), Dow Jones, Nasdaq, Russell 2000, MSCI EAFE, and more.Specialized indices cover industries, countries, and styles.2. Selecting the Right Fund:Once an index is chosen, multiple funds may track it.Key considerations:Which fund closely mirrors index performance?Which fund has the lowest costs?Are there any restrictions on investing in the fund?Are there other funds from the provider aligning with your interests?3. Purchasing Index Fund Shares:Open a brokerage or mutual fund account to buy shares.Consider costs and features when choosing between options.Pros and Cons of Index Funds:Why Invest in Index Funds?Simplicity and Effectiveness: Easy wealth accumulation without extensive research.Risk Management: Diversification reduces the impact of individual company performance.Variety of Choices: Options for broad or specialized investments.Cost Efficiency: Lower costs compared to actively managed funds.Tax Efficiency: Infrequent trading minimizes capital gains taxes.Long-Term Growth: Captures market growth over time.Drawbacks of Index Funds:Market Performance Match: Designed to match, not beat, market performance.Short-Term Downside Risk: Follows market fluctuations, including downturns.Diversification Trade-Off: May hold unwanted stocks and miss preferred ones.Recommended Index Funds:Vanguard S&P 500 ETF (VOO): Tracks S&P 500; $10,000 investment costs $3 annually.Vanguard Total Stock Market (VTI): Diverse U.S. stock indices; $10,000 investment costs $3 annually.Vanguard Total International Stock Market (VXUS): Global stocks excluding U.S.; $10,000 investment costs $7 annually.Vanguard Total Bond (BND): Various bond indices; $10,000 investment costs $3 annually.Note: Mentioned fees are expense ratios reflected in the fund's share price.In conclusion, index funds offer a simple and successful investment strategy for all skill levels, making them an excellent solution for achieving financial goals without the need for extensive research.Recommended Reading：Accelerating Wealth: Unleashing Financial Freedom through the Magic of Compound Interest","news_type":1},"isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":210260968423448,"gmtCreate":1692358122039,"gmtModify":1692358127394,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Highly noted on the volatility today! Thanks&nbsp;","listText":"Highly noted on the volatility today! Thanks&nbsp;","text":"Highly noted on the volatility today! Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210260968423448","repostId":"2360414293","repostType":2,"repost":{"id":"2360414293","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":1692327078,"share":"https://ttm.financial/m/news/2360414293?lang=&edition=fundamental","pubTime":"2023-08-18 10:51","market":"us","language":"en","title":"Traders Brace for Explosion of Volatility Friday As $2.2 Trillion in Stock Options Expire","url":"https://stock-news.laohu8.com/highlight/detail?id=2360414293","media":"Dow Jones","summary":"It's that time again: monthly stock-market options for August are set to expire on Friday, potentially spurring more volatility in stocks after a bruising three-week run.U.S. stock option contracts with a notional value of $2.2 trillion are set to expire, according to Rocky Fishman, founder of newly formed strategy firm Asym 500 and a former head of index derivatives strategy at Goldman Sachs Group. Notional value measures the market value of the stocks, indexes and exchange-traded funds controlled by the options, although the premiums paid by holders of the options are worth much less.Fishman noted that the size of option-market open interest expiring on Friday is about average for an off-month expiration.Monthly options expire every month, but once a quarter -- in March, June, September and December -- an event known as \"Triple Witching\" takes place, causing notional value of expiring options to swell as quarterly and sometimes calendar-year options expire along with monthlies and we","content":"<html><head></head><body><p>It&#39;s that time again: monthly stock-market options for August are set to expire on Friday, potentially spurring more volatility in stocks after a bruising three-week run.</p><p>U.S. stock option contracts with a notional value of $2.2 trillion are set to expire, according to Rocky Fishman, founder of newly formed strategy firm Asym 500 and a former head of index derivatives strategy at Goldman Sachs Group. Notional value measures the market value of the stocks, indexes and exchange-traded funds controlled by the options, although the premiums paid by holders of the options are worth much less.</p><p>Fishman noted that the size of option-market open interest expiring on Friday is about average for an off-month expiration.</p><p>Monthly options expire every month, but once a quarter -- in March, June, September and December -- an event known as &#34;Triple Witching&#34; takes place, causing notional value of expiring options to swell as quarterly and sometimes calendar-year options expire along with monthlies and weeklies.</p><p>Sessions where monthly options expire often see higher-than-normal volatility, and options-market analysts warned that the same could happen on Friday.</p><p>Charlie McElligott, a longtime derivatives strategist who publishes research on Nomura&#39;s trading desk, warned clients that option dealers are &#34;short gamma&#34; heading into Friday&#39;s expiration, increasing the potential for option dealers to exacerbate market volatility. McElligott illustrated this tendency in the chart below.</p><p>Why are dealers short gamma, and what does this mean? As stocks have stumbled, option traders have been buying put options and selling call options. As a result, dealers could be forced to hedge their positions by buying futures if stocks rise and their customers close out their short-call positions, or selling futures to hedge the risk of puts moving into the money.</p><p>This would serve to exaggerate the market&#39;s move in either direction, driving a rising market higher and a falling market lower, McElligott said.</p><p>Dealers could hit &#34;peak short gamma&#34; if the S&amp;P 500 falls to 4,320, sending a wave of puts into the money. If that happens, it&#39;s possible dealers could slam stocks lower as they rush to avoid being on the hook for puts sold to customers. The S&amp;P 500 SPX finished Thursday at 4,370.36.</p><p>Gamma is used by options analysts to describe how quickly an option&#39;s delta changes. Delta represents how sensitive the price of an option is to moves in the underlying asset. When options are about to expire, delta typically increases dramatically, since small moves that put it closer to being in or out of the money can have a dramatic impact on the option&#39;s price.</p><p>Brent Kochuba, founder of SpotGamma, also cited risks tied to dealers&#39; short-gamma position in research shared with clients. SpotGamma shares data and analytics about the option market.</p><p>&#34;We have been watching market gamma fall into negative gamma territory all month. Once it entered that range, price action became visibly choppier, as expected during these conditions,&#34; he said in written commentary shared with MarketWatch and SpotGamma clients.</p><p>Option contracts give traders the right, but not the obligation, to buy or sell the underlying asset or currency. Often, options tied to stock-market indexes like the S&amp;P 500 are settled in futures or cash. Options tied to exchange-traded funds like the SPDR S&amp;P 500 ETF Trust SPY, which tracks the S&amp;P 500 index, are settled in shares of the ETF.</p><p>A put option allows the buyer the right, but not the obligation, to sell shares at an agreed-upon price known as the &#34;strike price.&#34; A call option, conversely, gives the holder the right to buy shares. Put options tend to appreciate when the underlying stock or index falls, while the opposite is true for calls.</p><p>U.S. stocks finished lower on Thursday, with the S&amp;P 500 and Nasdaq Composite poised to record a third straight weekly decline, what would be the longest such streak for the S&amp;P 500 since February.</p><p>In addition to monthly options expiring Friday, weekly options known as &#34;zero days until expiration&#34; or &#34;0DTE&#34; options could further complicate the market&#39;s reaction. A veteran Goldman Sachs Group strategist warned earlier this week that 0DTE traders have been limiting upswings in stocks while piling on the pressure when markets sink.</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>Traders Brace for Explosion of Volatility Friday As $2.2 Trillion in Stock Options Expire</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\">\nTraders Brace for Explosion of Volatility Friday As $2.2 Trillion in Stock Options Expire\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\">2023-08-18 10:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>It&#39;s that time again: monthly stock-market options for August are set to expire on Friday, potentially spurring more volatility in stocks after a bruising three-week run.</p><p>U.S. stock option contracts with a notional value of $2.2 trillion are set to expire, according to Rocky Fishman, founder of newly formed strategy firm Asym 500 and a former head of index derivatives strategy at Goldman Sachs Group. Notional value measures the market value of the stocks, indexes and exchange-traded funds controlled by the options, although the premiums paid by holders of the options are worth much less.</p><p>Fishman noted that the size of option-market open interest expiring on Friday is about average for an off-month expiration.</p><p>Monthly options expire every month, but once a quarter -- in March, June, September and December -- an event known as &#34;Triple Witching&#34; takes place, causing notional value of expiring options to swell as quarterly and sometimes calendar-year options expire along with monthlies and weeklies.</p><p>Sessions where monthly options expire often see higher-than-normal volatility, and options-market analysts warned that the same could happen on Friday.</p><p>Charlie McElligott, a longtime derivatives strategist who publishes research on Nomura&#39;s trading desk, warned clients that option dealers are &#34;short gamma&#34; heading into Friday&#39;s expiration, increasing the potential for option dealers to exacerbate market volatility. McElligott illustrated this tendency in the chart below.</p><p>Why are dealers short gamma, and what does this mean? As stocks have stumbled, option traders have been buying put options and selling call options. As a result, dealers could be forced to hedge their positions by buying futures if stocks rise and their customers close out their short-call positions, or selling futures to hedge the risk of puts moving into the money.</p><p>This would serve to exaggerate the market&#39;s move in either direction, driving a rising market higher and a falling market lower, McElligott said.</p><p>Dealers could hit &#34;peak short gamma&#34; if the S&amp;P 500 falls to 4,320, sending a wave of puts into the money. If that happens, it&#39;s possible dealers could slam stocks lower as they rush to avoid being on the hook for puts sold to customers. The S&amp;P 500 SPX finished Thursday at 4,370.36.</p><p>Gamma is used by options analysts to describe how quickly an option&#39;s delta changes. Delta represents how sensitive the price of an option is to moves in the underlying asset. When options are about to expire, delta typically increases dramatically, since small moves that put it closer to being in or out of the money can have a dramatic impact on the option&#39;s price.</p><p>Brent Kochuba, founder of SpotGamma, also cited risks tied to dealers&#39; short-gamma position in research shared with clients. SpotGamma shares data and analytics about the option market.</p><p>&#34;We have been watching market gamma fall into negative gamma territory all month. Once it entered that range, price action became visibly choppier, as expected during these conditions,&#34; he said in written commentary shared with MarketWatch and SpotGamma clients.</p><p>Option contracts give traders the right, but not the obligation, to buy or sell the underlying asset or currency. Often, options tied to stock-market indexes like the S&amp;P 500 are settled in futures or cash. Options tied to exchange-traded funds like the SPDR S&amp;P 500 ETF Trust SPY, which tracks the S&amp;P 500 index, are settled in shares of the ETF.</p><p>A put option allows the buyer the right, but not the obligation, to sell shares at an agreed-upon price known as the &#34;strike price.&#34; A call option, conversely, gives the holder the right to buy shares. Put options tend to appreciate when the underlying stock or index falls, while the opposite is true for calls.</p><p>U.S. stocks finished lower on Thursday, with the S&amp;P 500 and Nasdaq Composite poised to record a third straight weekly decline, what would be the longest such streak for the S&amp;P 500 since February.</p><p>In addition to monthly options expiring Friday, weekly options known as &#34;zero days until expiration&#34; or &#34;0DTE&#34; options could further complicate the market&#39;s reaction. A veteran Goldman Sachs Group strategist warned earlier this week that 0DTE traders have been limiting upswings in stocks while piling on the pressure when markets sink.</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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2360414293","content_text":"It's that time again: monthly stock-market options for August are set to expire on Friday, potentially spurring more volatility in stocks after a bruising three-week run.U.S. stock option contracts with a notional value of $2.2 trillion are set to expire, according to Rocky Fishman, founder of newly formed strategy firm Asym 500 and a former head of index derivatives strategy at Goldman Sachs Group. Notional value measures the market value of the stocks, indexes and exchange-traded funds controlled by the options, although the premiums paid by holders of the options are worth much less.Fishman noted that the size of option-market open interest expiring on Friday is about average for an off-month expiration.Monthly options expire every month, but once a quarter -- in March, June, September and December -- an event known as \"Triple Witching\" takes place, causing notional value of expiring options to swell as quarterly and sometimes calendar-year options expire along with monthlies and weeklies.Sessions where monthly options expire often see higher-than-normal volatility, and options-market analysts warned that the same could happen on Friday.Charlie McElligott, a longtime derivatives strategist who publishes research on Nomura's trading desk, warned clients that option dealers are \"short gamma\" heading into Friday's expiration, increasing the potential for option dealers to exacerbate market volatility. McElligott illustrated this tendency in the chart below.Why are dealers short gamma, and what does this mean? As stocks have stumbled, option traders have been buying put options and selling call options. As a result, dealers could be forced to hedge their positions by buying futures if stocks rise and their customers close out their short-call positions, or selling futures to hedge the risk of puts moving into the money.This would serve to exaggerate the market's move in either direction, driving a rising market higher and a falling market lower, McElligott said.Dealers could hit \"peak short gamma\" if the S&P 500 falls to 4,320, sending a wave of puts into the money. If that happens, it's possible dealers could slam stocks lower as they rush to avoid being on the hook for puts sold to customers. The S&P 500 SPX finished Thursday at 4,370.36.Gamma is used by options analysts to describe how quickly an option's delta changes. Delta represents how sensitive the price of an option is to moves in the underlying asset. When options are about to expire, delta typically increases dramatically, since small moves that put it closer to being in or out of the money can have a dramatic impact on the option's price.Brent Kochuba, founder of SpotGamma, also cited risks tied to dealers' short-gamma position in research shared with clients. SpotGamma shares data and analytics about the option market.\"We have been watching market gamma fall into negative gamma territory all month. Once it entered that range, price action became visibly choppier, as expected during these conditions,\" he said in written commentary shared with MarketWatch and SpotGamma clients.Option contracts give traders the right, but not the obligation, to buy or sell the underlying asset or currency. Often, options tied to stock-market indexes like the S&P 500 are settled in futures or cash. Options tied to exchange-traded funds like the SPDR S&P 500 ETF Trust SPY, which tracks the S&P 500 index, are settled in shares of the ETF.A put option allows the buyer the right, but not the obligation, to sell shares at an agreed-upon price known as the \"strike price.\" A call option, conversely, gives the holder the right to buy shares. Put options tend to appreciate when the underlying stock or index falls, while the opposite is true for calls.U.S. stocks finished lower on Thursday, with the S&P 500 and Nasdaq Composite poised to record a third straight weekly decline, what would be the longest such streak for the S&P 500 since February.In addition to monthly options expiring Friday, weekly options known as \"zero days until expiration\" or \"0DTE\" options could further complicate the market's reaction. A veteran Goldman Sachs Group strategist warned earlier this week that 0DTE traders have been limiting upswings in stocks while piling on the pressure when markets sink.","news_type":1},"isVote":1,"tweetType":1,"viewCount":520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209905194242248,"gmtCreate":1692268767374,"gmtModify":1692268771666,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Good job ! well noted on the information presented&nbsp;","listText":"Good job ! well noted on the information presented&nbsp;","text":"Good job ! well noted on the information presented","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209905194242248","repostId":"2360358604","repostType":2,"repost":{"id":"2360358604","kind":"highlight","pubTimestamp":1692267042,"share":"https://ttm.financial/m/news/2360358604?lang=&edition=fundamental","pubTime":"2023-08-17 18:10","market":"sg","language":"en","title":"SGX Reports FY2023 Earnings of $570.9 Mil, up 26.5% YOY; Proposes Final Quarterly Dividend of 8.5 Cents","url":"https://stock-news.laohu8.com/highlight/detail?id=2360358604","media":"Felicia Tan","summary":"The final quarterly dividend brings FY2023's total dividend to 32.5 cents, up from FY2022's 32 cents. ","content":"<html><head></head><body><p>The Singapore Exchange (SGX) Group has reported earnings of $570.9 million for the FY2023 ended June 30, 26.5% higher than FY2022’s earnings of $451.4 million.</p><p>Earnings per share (EPS) for the year stood at 53.4 cents.</p><p>Revenue rose 8.7% y-o-y to $1.19 billion mainly due to higher derivatives revenue, which grew by 27.2% y-o-y. Revenue for derivatives includes equities derivatives, currencies and commodities futures and options trading and clearing revenue and associated treasury income. Total treasury income grew by $88.9 million. </p><p>Ebitda rose by 8.5% y-o-y to $687.9 million.</p><p>On an adjusted basis, SGX’s net profit stood at $503.2 million, 10.3% higher y-o-y. Adjusted EPS stood at 47.1 cents while adjusted ebitda was up by 8.0% y-o-y at $688.6 million.</p><p>Commodity derivatives volume increased 35.4% to 41.0 million contracts while currency derivatives volume increased 28.7% to 36.7 million contracts. OTC FX average daily volume (ADV) increased 7.3% to US$75.8 billion ($103.08 billion).</p><p>The increase in treasury and other revenue was driven mainly by higher treasury income and the full-year consolidation of MaxxTrader, which was acquired in January 2022.</p><p>Equities revenue, which comprises cash and derivatives, increased by 1.5% y-o-y to $709.2 million.</p><p>Equities – cash fell by 10.9% y-o-y to $346.1 million as revenues from listing, trading and clearing as well as securities settlement fell on a y-o-y basis.</p><p>FY2023 saw eight new equity listings raising $37.6 million, down from the 17 seen in FY2022 which raised $1.9 billion. The group raised secondary equity funds of $4.8 billion, down 15.8% y-o-y.</p><p>Daily average traded value (DAV) fell by 13.4% y-o-y to $1.1 billion while total traded value – which is made up of cash equities and other products – fell by 14.1% y-o-y to $275.5 billion. Total traded value for cash equities and other products fell on a y-o-y basis. There were a total of 250 trading days in the year, down from the 252 days in the year before.</p><p>Equities – derivatives rose by 17.0% y-o-y to $363.1 million as trading and clearing revenue stood comparable at $281.6 million. Treasury and other revenue surged by 2.8 times to $81.5 million from $28.6 million previously mainly due to higher treasury income. Trading and clearing revenue was impacted by lower trading volumes and partially offset by higher average fees in key equity derivatives contracts.</p><p>Data, connectivity and indices revenue dipped by 0.2% y-o-y to $147.1 million thanks to the increase in connectivity revenue and offset by the lower market data and indices revenue. Market data and indices revenue declined mainly due to lower revenue from the group’s index business while connectivity revenue rose due to the upselling of connectivity services to existing clients and the introduction of new GIFT Connect-related co-location and network services.</p><p>A proposed final quarterly dividend of 8.5 cents per share has been proposed, bringing the full year’s dividend to 32.5 cents, up from FY2022’s 32.0 cents. Barring unforeseen circumstances, the annualised dividend will be 34.0 cents per share, an increase of 6.3%. The final quarter&#39;s dividend will be paid out on Oct 20.</p><p>As at June 30, cash and cash equivalents stood at $777.3 million.</p><p>“Our financial performance continues to demonstrate the strength and resilience of our multi-asset business in a challenging macro environment. Global investors are increasingly turning to our trusted international marketplaces to invest and manage portfolio risk, with our revenue growth primarily driven by our derivatives business,” says CEO Loh Boon Chye.</p><p>“Our currencies and commodities franchises have grown substantially, achieving record volumes while we cemented our foothold as the preferred venue for Asian equity derivatives. With the positive momentum in our OTC FX business, we expect to achieve our goal of US$100 billion average daily volume by FY2025 or earlier,” he adds.</p><p>“While the unprecedented rapid tightening of monetary policies around the world has impacted capital-raising activities globally and in Singapore, we are optimistic that our pipeline of listings will come to market when conditions improve,” he continues.</p><p>In FY2024, Loh says that the group is looking to scale its multi-asset offerings globally through its “network, partnerships and geographical expansion of client coverage”.</p><p>“Asia is at the centre of global economic growth, and SGX Group is at the heart of international capital flows to this part of the world. We remain on track to achieve high-single-digit revenue growth, and are aiming to reward our shareholders with a mid-single-digit percentage increase in our dividend per share over the medium term,” he says.</p><p>Shares slid 1.03% on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/934ebfe03c6c4d771b635af4049dc14a\" tg-width=\"608\" tg-height=\"613\"/></p><p></p></body></html>","source":"edge_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>SGX Reports FY2023 Earnings of $570.9 Mil, up 26.5% YOY; Proposes Final Quarterly Dividend of 8.5 Cents</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\">\nSGX Reports FY2023 Earnings of $570.9 Mil, up 26.5% YOY; Proposes Final Quarterly Dividend of 8.5 Cents\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-17 18:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/results/sgx-reports-fy2023-earnings-5709-mil-265-y-o-y-proposes-final-quarterly-dividend-85?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore Exchange (SGX) Group has reported earnings of $570.9 million for the FY2023 ended June 30, 26.5% higher than FY2022’s earnings of $451.4 million.Earnings per share (EPS) for the year ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/sgx-reports-fy2023-earnings-5709-mil-265-y-o-y-proposes-final-quarterly-dividend-85?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"S68.SI":"新加坡交易所"},"source_url":"https://www.theedgesingapore.com/capital/results/sgx-reports-fy2023-earnings-5709-mil-265-y-o-y-proposes-final-quarterly-dividend-85?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2360358604","content_text":"The Singapore Exchange (SGX) Group has reported earnings of $570.9 million for the FY2023 ended June 30, 26.5% higher than FY2022’s earnings of $451.4 million.Earnings per share (EPS) for the year stood at 53.4 cents.Revenue rose 8.7% y-o-y to $1.19 billion mainly due to higher derivatives revenue, which grew by 27.2% y-o-y. Revenue for derivatives includes equities derivatives, currencies and commodities futures and options trading and clearing revenue and associated treasury income. Total treasury income grew by $88.9 million. Ebitda rose by 8.5% y-o-y to $687.9 million.On an adjusted basis, SGX’s net profit stood at $503.2 million, 10.3% higher y-o-y. Adjusted EPS stood at 47.1 cents while adjusted ebitda was up by 8.0% y-o-y at $688.6 million.Commodity derivatives volume increased 35.4% to 41.0 million contracts while currency derivatives volume increased 28.7% to 36.7 million contracts. OTC FX average daily volume (ADV) increased 7.3% to US$75.8 billion ($103.08 billion).The increase in treasury and other revenue was driven mainly by higher treasury income and the full-year consolidation of MaxxTrader, which was acquired in January 2022.Equities revenue, which comprises cash and derivatives, increased by 1.5% y-o-y to $709.2 million.Equities – cash fell by 10.9% y-o-y to $346.1 million as revenues from listing, trading and clearing as well as securities settlement fell on a y-o-y basis.FY2023 saw eight new equity listings raising $37.6 million, down from the 17 seen in FY2022 which raised $1.9 billion. The group raised secondary equity funds of $4.8 billion, down 15.8% y-o-y.Daily average traded value (DAV) fell by 13.4% y-o-y to $1.1 billion while total traded value – which is made up of cash equities and other products – fell by 14.1% y-o-y to $275.5 billion. Total traded value for cash equities and other products fell on a y-o-y basis. There were a total of 250 trading days in the year, down from the 252 days in the year before.Equities – derivatives rose by 17.0% y-o-y to $363.1 million as trading and clearing revenue stood comparable at $281.6 million. Treasury and other revenue surged by 2.8 times to $81.5 million from $28.6 million previously mainly due to higher treasury income. Trading and clearing revenue was impacted by lower trading volumes and partially offset by higher average fees in key equity derivatives contracts.Data, connectivity and indices revenue dipped by 0.2% y-o-y to $147.1 million thanks to the increase in connectivity revenue and offset by the lower market data and indices revenue. Market data and indices revenue declined mainly due to lower revenue from the group’s index business while connectivity revenue rose due to the upselling of connectivity services to existing clients and the introduction of new GIFT Connect-related co-location and network services.A proposed final quarterly dividend of 8.5 cents per share has been proposed, bringing the full year’s dividend to 32.5 cents, up from FY2022’s 32.0 cents. Barring unforeseen circumstances, the annualised dividend will be 34.0 cents per share, an increase of 6.3%. The final quarter's dividend will be paid out on Oct 20.As at June 30, cash and cash equivalents stood at $777.3 million.“Our financial performance continues to demonstrate the strength and resilience of our multi-asset business in a challenging macro environment. Global investors are increasingly turning to our trusted international marketplaces to invest and manage portfolio risk, with our revenue growth primarily driven by our derivatives business,” says CEO Loh Boon Chye.“Our currencies and commodities franchises have grown substantially, achieving record volumes while we cemented our foothold as the preferred venue for Asian equity derivatives. With the positive momentum in our OTC FX business, we expect to achieve our goal of US$100 billion average daily volume by FY2025 or earlier,” he adds.“While the unprecedented rapid tightening of monetary policies around the world has impacted capital-raising activities globally and in Singapore, we are optimistic that our pipeline of listings will come to market when conditions improve,” he continues.In FY2024, Loh says that the group is looking to scale its multi-asset offerings globally through its “network, partnerships and geographical expansion of client coverage”.“Asia is at the centre of global economic growth, and SGX Group is at the heart of international capital flows to this part of the world. We remain on track to achieve high-single-digit revenue growth, and are aiming to reward our shareholders with a mid-single-digit percentage increase in our dividend per share over the medium term,” he says.Shares slid 1.03% on Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209899113029800,"gmtCreate":1692267257140,"gmtModify":1692267261857,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"We can still trust her judgement on long term&nbsp;","listText":"We can still trust her judgement on long term&nbsp;","text":"We can still trust her judgement on long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209899113029800","repostId":"2359238370","repostType":2,"repost":{"id":"2359238370","kind":"highlight","pubTimestamp":1692262800,"share":"https://ttm.financial/m/news/2359238370?lang=&edition=fundamental","pubTime":"2023-08-17 17:00","market":"us","language":"en","title":"Cathie Wood Says Software Is the Next Big AI Buying Opportunity -- And These 4 Stocks Are Set to Crush the Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2359238370","media":"Motley Fool","summary":"Investors might be overlooking some juicy opportunities in the rapidly growing artificial intelligence space.","content":"<html><head></head><body><h2 id=\"id_38861142\" style=\"text-align: start;\">KEY POINTS</h2><ul><li><p>Cathie Wood is the head of Ark Investment Management, and she&#39;s extremely bullish on artificial intelligence (AI).</p></li><li><p>She thinks AI could add $200 trillion to global economy output by 2030, and software companies might be the key drivers.</p></li><li><p>Investors have been focused on AI hardware stocks like Nvidia, but I&#39;ll share four AI software stocks to buy now.</p></li></ul><p>Artificial intelligence (AI) has already proven its ability to substantially increase productivity for businesses. According to Ark Investment Management, which is run by tech investor Cathie Wood, that productivity boost could add a whopping $200 <em>trillion </em>to global economic output by 2030. </p><p>Investors have been feverishly buying shares of <strong>Nvidia</strong> to get in on the action because the company makes the most advanced semiconductors used in data centers to develop and train AI models. Its stock has soared by 184% in 2023 so far, crushing the benchmark <strong>S&amp;P 500</strong> stock market index, which is up just 16% year to date. </p><p>But in an interview with Bloomberg TV earlier this year, Wood said the next big AI opportunity for investors might be in software companies instead. They could potentially generate $8 in revenue for every $1 in chip hardware Nvidia sells, purely because AI has the potential to help businesses operate at a scale never before seen. </p><p>Below, I&#39;m going to share four stocks operating in the AI software space that could help investors crush the broader market in the long run. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1001275993cf9e7d25f1ee3b4d2692d8\" alt=\"Image source: Getty Images.\" title=\"Image source: Getty Images.\" tg-width=\"700\" tg-height=\"393\"/><span>Image source: Getty Images.</span></p><h2 id=\"id_1714515729\">1. Tesla</h2><p>That&#39;s right, <strong>Tesla </strong>isn&#39;t just the world&#39;s largest electric vehicle manufacturer. Cathie Wood actually believes this company is the biggest AI play around, thanks to its fully autonomous self-driving software. Tesla plans to sell the software to its customers, but CEO Elon Musk has also discussed the possibility of licensing it to other automakers, which would open an entirely new revenue stream.</p><p>But that&#39;s not all. Musk says the average passenger vehicle is only used 12 hours per week and spends most of its time parked. As a result, he plans to develop a ride-hailing network in which Tesla customers could lend their autonomous vehicles to earn revenue during that downtime. Proceeds would be split between the customer and Tesla, and Musk says this could help boost the company&#39;s gross profit margin per vehicle to over 70% in the long term (from 25% today). </p><p>Simply put, self-driving software could transform Tesla&#39;s economics. It forms the basis of Ark Invest&#39;s prediction that its stock will climb to $2,000 by 2027. That would mark an 824% gain from where it trades today, and it would give the company a $6 trillion valuation. If Ark is right, Tesla stock will obliterate the return of the broader market, at least as far as any historical average is concerned. </p><h2 id=\"id_2316744867\">2. Microsoft</h2><p>Few investors would have associated <strong>Microsoft </strong>with AI prior to 2023, but thanks to sizable investments in companies like OpenAI and Builder.ai, it&#39;s quickly becoming the largest distributor of the technology. Microsoft has integrated OpenAI&#39;s ChatGPT chatbot into its Bing search engine and its Office 365 document suite to boost productivity and transform the way its customers seek information. </p><p>In the fiscal 2023 fourth quarter (ended June 30), the company said users had completed over 1 billion chats and generated 750 million images on the new ChatGPT-powered Bing. Now, Microsoft is offering it as an enterprise software solution suitable for use in the workplace, allowing employees to delegate some of their workload to AI. </p><p>But the cloud is where Microsoft&#39;s AI portfolio really comes to life. Its Azure platform now offers its business customers a choice of several large language models for them to build upon, from <strong><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></strong>&#39; LLaMA 2 open-source model to OpenAI&#39;s latest GPT-4. The Azure OpenAI Service alone had 11,000 customers in the recent quarter, up from just 2,500 three months prior, so uptake has been rapid. </p><p>Azure was responsible for more than half of Microsoft&#39;s $110 billion in cloud revenue during the fiscal year 2023, and it was one of the fastest-growing parts of the entire company. It has helped propel Microsoft stock to a 34% gain in 2023, which is double the return of the <strong>S&amp;P 500</strong>, and if the company remains a leader in AI, investors should expect that outperformance to continue long into the future. </p><h2 id=\"id_1919821628\">3. Amazon</h2><p><strong>Amazon </strong>might be known as the world&#39;s largest e-commerce company, but it&#39;s also home to the world&#39;s largest cloud computing platform, Amazon Web Services (AWS). It leads second-placed Azure by revenue, number of customers, and breadth of functionality. Naturally, AWS is therefore becoming a dominant provider of AI technology for businesses. </p><p>Amazon CEO Andy Jassy views AI as having three core layers, and the company is investing heavily in all of them. First, there&#39;s the data center computing hardware like AWS&#39;s EC2 P5 cloud infrastructure, which runs on the latest Nvidia H100 graphics (GPU) chips designed for AI workloads. </p><p>The second layer features large language models as a service. Jassy says AWS&#39;s business customers don&#39;t want to invest the resources in building their own models; they&#39;d rather access existing ones and customize them. As a result, AWS offers several third-party options, and even one it developed in-house, called Titan. </p><p>The third and final layer features the software applications like ChatGPT, which most consumers and businesses are already familiar with. AWS currently offers applications like CodeWhisperer, which is a programming tool built on generative AI and is capable of writing computer code for developers. </p><p>Jassy says investors are far too focused on the third layer and not enough on the first two layers, where substantial financial opportunities exist, especially because Amazon has developed its own GPU chips to compete with Nvidia. That holistic, ground-up approach to AI is helping cement Amazon&#39;s position as a leader in the industry. As a result, Amazon&#39;s stock has a great shot at outperforming the broader market in the long run, particularly if Ark Invest&#39;s projections come to fruition. </p><h2 id=\"id_1602048333\">4. C3.ai</h2><p>I want to be very clear: <strong>C3.ai</strong> is the riskiest play of this bunch. Its stock has surged 197% this year -- crushing even Nvidia -- but it&#39;s still down 79% from its all-time high. The company is worth just $3.8 billion, and it&#39;s still in the process of scaling its business, which comes with challenges. But it&#39;s a true AI software play that could deliver monster returns for investors in the long run.</p><p>C3.ai has a portfolio of more than 40 ready-made and customizable AI applications, which it sells to its 287 business customers (and growing). The applications do everything from detecting fraud for banks to predicting equipment failures for some of the world&#39;s largest oil and gas companies. C3.ai&#39;s AI technology is so good that leading cloud providers like Microsoft Azure and Amazon Web Services also offer it to their customers!</p><p>In fact, a business developing AI software using C3.ai on AWS can complete the project 26 times faster than using just AWS alone. It&#39;s because C3.ai reduces the amount of written code required by 99%, which is exactly the type of productivity boost Cathie Wood and Ark Invest reference in their future value predictions for AI. </p><p>But C3.ai has struggled to grow recently because it&#39;s currently in the middle of a transition from a subscription-based revenue model to a consumption-based one. Subscription agreements take time to negotiate, which means onboarding customers is a slow process. Under a consumption model, businesses can simply come and go as they please while only paying for what they use, which should pave the way for faster customer growth. </p><p>C3.ai&#39;s revenue growth has stalled while its customers convert to the new pricing structure. But from fiscal 2024 (ending April 30, 2024) onward, the company expects its revenue will return to annual growth of 20% as consumption scales. If that happens, it should pave the way for market-beating upside to C3.ai stock -- but investors should always expect volatility in a company this small, especially when it operates in a new industry like AI.</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>Cathie Wood Says Software Is the Next Big AI Buying Opportunity -- And These 4 Stocks Are Set to Crush the Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nCathie Wood Says Software Is the Next Big AI Buying Opportunity -- And These 4 Stocks Are Set to Crush the Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-17 17:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/08/16/cathie-wood-says-software-is-the-next-big-ai-buyin/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSCathie Wood is the head of Ark Investment Management, and she's extremely bullish on artificial intelligence (AI).She thinks AI could add $200 trillion to global economy output by 2030, and ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/08/16/cathie-wood-says-software-is-the-next-big-ai-buyin/\">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","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4588":"碎股","LU2063271972.USD":"富兰克林创新领域基金","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4503":"景林资产持仓","LU0823414478.USD":"法巴经典能源转换基金","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","TSLA":"特斯拉","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1548497426.USD":"安联环球人工智能AT Acc","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","AMZN":"亚马逊","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4023":"应用软件","BK4516":"特朗普概念","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0109391861.USD":"富兰克林美国机遇基金A Acc","AI":"C3.ai, Inc.","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4587":"ChatGPT概念"},"source_url":"https://www.fool.com/investing/2023/08/16/cathie-wood-says-software-is-the-next-big-ai-buyin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2359238370","content_text":"KEY POINTSCathie Wood is the head of Ark Investment Management, and she's extremely bullish on artificial intelligence (AI).She thinks AI could add $200 trillion to global economy output by 2030, and software companies might be the key drivers.Investors have been focused on AI hardware stocks like Nvidia, but I'll share four AI software stocks to buy now.Artificial intelligence (AI) has already proven its ability to substantially increase productivity for businesses. According to Ark Investment Management, which is run by tech investor Cathie Wood, that productivity boost could add a whopping $200 trillion to global economic output by 2030. Investors have been feverishly buying shares of Nvidia to get in on the action because the company makes the most advanced semiconductors used in data centers to develop and train AI models. Its stock has soared by 184% in 2023 so far, crushing the benchmark S&P 500 stock market index, which is up just 16% year to date. But in an interview with Bloomberg TV earlier this year, Wood said the next big AI opportunity for investors might be in software companies instead. They could potentially generate $8 in revenue for every $1 in chip hardware Nvidia sells, purely because AI has the potential to help businesses operate at a scale never before seen. Below, I'm going to share four stocks operating in the AI software space that could help investors crush the broader market in the long run. Image source: Getty Images.1. TeslaThat's right, Tesla isn't just the world's largest electric vehicle manufacturer. Cathie Wood actually believes this company is the biggest AI play around, thanks to its fully autonomous self-driving software. Tesla plans to sell the software to its customers, but CEO Elon Musk has also discussed the possibility of licensing it to other automakers, which would open an entirely new revenue stream.But that's not all. Musk says the average passenger vehicle is only used 12 hours per week and spends most of its time parked. As a result, he plans to develop a ride-hailing network in which Tesla customers could lend their autonomous vehicles to earn revenue during that downtime. Proceeds would be split between the customer and Tesla, and Musk says this could help boost the company's gross profit margin per vehicle to over 70% in the long term (from 25% today). Simply put, self-driving software could transform Tesla's economics. It forms the basis of Ark Invest's prediction that its stock will climb to $2,000 by 2027. That would mark an 824% gain from where it trades today, and it would give the company a $6 trillion valuation. If Ark is right, Tesla stock will obliterate the return of the broader market, at least as far as any historical average is concerned. 2. MicrosoftFew investors would have associated Microsoft with AI prior to 2023, but thanks to sizable investments in companies like OpenAI and Builder.ai, it's quickly becoming the largest distributor of the technology. Microsoft has integrated OpenAI's ChatGPT chatbot into its Bing search engine and its Office 365 document suite to boost productivity and transform the way its customers seek information. In the fiscal 2023 fourth quarter (ended June 30), the company said users had completed over 1 billion chats and generated 750 million images on the new ChatGPT-powered Bing. Now, Microsoft is offering it as an enterprise software solution suitable for use in the workplace, allowing employees to delegate some of their workload to AI. But the cloud is where Microsoft's AI portfolio really comes to life. Its Azure platform now offers its business customers a choice of several large language models for them to build upon, from Meta Platforms' LLaMA 2 open-source model to OpenAI's latest GPT-4. The Azure OpenAI Service alone had 11,000 customers in the recent quarter, up from just 2,500 three months prior, so uptake has been rapid. Azure was responsible for more than half of Microsoft's $110 billion in cloud revenue during the fiscal year 2023, and it was one of the fastest-growing parts of the entire company. It has helped propel Microsoft stock to a 34% gain in 2023, which is double the return of the S&P 500, and if the company remains a leader in AI, investors should expect that outperformance to continue long into the future. 3. AmazonAmazon might be known as the world's largest e-commerce company, but it's also home to the world's largest cloud computing platform, Amazon Web Services (AWS). It leads second-placed Azure by revenue, number of customers, and breadth of functionality. Naturally, AWS is therefore becoming a dominant provider of AI technology for businesses. Amazon CEO Andy Jassy views AI as having three core layers, and the company is investing heavily in all of them. First, there's the data center computing hardware like AWS's EC2 P5 cloud infrastructure, which runs on the latest Nvidia H100 graphics (GPU) chips designed for AI workloads. The second layer features large language models as a service. Jassy says AWS's business customers don't want to invest the resources in building their own models; they'd rather access existing ones and customize them. As a result, AWS offers several third-party options, and even one it developed in-house, called Titan. The third and final layer features the software applications like ChatGPT, which most consumers and businesses are already familiar with. AWS currently offers applications like CodeWhisperer, which is a programming tool built on generative AI and is capable of writing computer code for developers. Jassy says investors are far too focused on the third layer and not enough on the first two layers, where substantial financial opportunities exist, especially because Amazon has developed its own GPU chips to compete with Nvidia. That holistic, ground-up approach to AI is helping cement Amazon's position as a leader in the industry. As a result, Amazon's stock has a great shot at outperforming the broader market in the long run, particularly if Ark Invest's projections come to fruition. 4. C3.aiI want to be very clear: C3.ai is the riskiest play of this bunch. Its stock has surged 197% this year -- crushing even Nvidia -- but it's still down 79% from its all-time high. The company is worth just $3.8 billion, and it's still in the process of scaling its business, which comes with challenges. But it's a true AI software play that could deliver monster returns for investors in the long run.C3.ai has a portfolio of more than 40 ready-made and customizable AI applications, which it sells to its 287 business customers (and growing). The applications do everything from detecting fraud for banks to predicting equipment failures for some of the world's largest oil and gas companies. C3.ai's AI technology is so good that leading cloud providers like Microsoft Azure and Amazon Web Services also offer it to their customers!In fact, a business developing AI software using C3.ai on AWS can complete the project 26 times faster than using just AWS alone. It's because C3.ai reduces the amount of written code required by 99%, which is exactly the type of productivity boost Cathie Wood and Ark Invest reference in their future value predictions for AI. But C3.ai has struggled to grow recently because it's currently in the middle of a transition from a subscription-based revenue model to a consumption-based one. Subscription agreements take time to negotiate, which means onboarding customers is a slow process. Under a consumption model, businesses can simply come and go as they please while only paying for what they use, which should pave the way for faster customer growth. C3.ai's revenue growth has stalled while its customers convert to the new pricing structure. But from fiscal 2024 (ending April 30, 2024) onward, the company expects its revenue will return to annual growth of 20% as consumption scales. If that happens, it should pave the way for market-beating upside to C3.ai stock -- but investors should always expect volatility in a company this small, especially when it operates in a new industry like AI.","news_type":1},"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209896217792568,"gmtCreate":1692266397399,"gmtModify":1692266402660,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"&nbsp;valid reason to to cost averaging now","listText":"&nbsp;valid reason to to cost averaging now","text":"valid reason to to cost averaging now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209896217792568","repostId":"2359386492","repostType":2,"repost":{"id":"2359386492","kind":"highlight","pubTimestamp":1692259800,"share":"https://ttm.financial/m/news/2359386492?lang=&edition=fundamental","pubTime":"2023-08-17 16:10","market":"us","language":"en","title":"Sea Limited: Doubling Down Opportunity From \"Historic Plunge\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2359386492","media":"Seeking Alpha","summary":"SummarySea Limited investors endured a torrid 'historic plunge,' as SE fell nearly 29% yesterday, wiping out a quarter of CEO Forrest Li's wealth.While the earnings report didn't seem that bad, invest","content":"<html><head></head><body><h2 id=\"id_3965424602\" style=\"text-align: left;\">Summary</h2><ul><li><p>Sea Limited investors endured a torrid &#39;historic plunge,&#39; as SE fell nearly 29% yesterday, wiping out a quarter of CEO Forrest Li&#39;s wealth.</p></li><li><p>While the earnings report didn&#39;t seem that bad, investors were concerned about the company&#39;s renewed focus on taking on TikTok.</p></li><li><p>As such, Sea Limited&#39;s push toward sustainability profitability could be extended, which wasn&#39;t denied by management when analysts pressed for clarity in the earnings call.</p></li><li><p>However, I also assessed that yesterday&#39;s steep selloff took us back to November 2022 support levels. SE could bottom out from here with selling exhaustion.</p></li><li><p>I make the case for why I decided to buy aggressively at yesterday&#39;s session lows. If you have been waiting to buy more, make full use of the steep selloff.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d01c1fe9b861ef08b9f99713da5da795\" alt=\"DNY59\" title=\"DNY59\" tg-width=\"750\" tg-height=\"496\"/><span>DNY59</span></p><p>Bloomberg called it a &#34;historic tumble,&#34; as Sea Limited (NYSE:SE) investors saw its stock close nearly 29% below its previous day&#39;s session. It also reportedly wiped out a quarter of CEO Forrest Li&#39;s wealth. Weak holders who didn&#39;t anticipate such massive volatility likely fled, as the Singapore-headquartered internet company telegraphed more investments in e-commerce should be expected.</p><p>As such, a delayed push toward e-commerce profitability is likely in the works, as investors who fled feared the loss-driven gross merchandise value or GMV growth that characterized SE&#39;s previous rapid ascent and descent.</p><p>However, since SE&#39;s massive battering that formed its November 2022 bottom, the company has strategically adjusted its e-commerce growth. With growth in Southeast Asia slowing and hobbled by a possible recession, Sea Limited switched gears as the company underscored its commitment to profitability.</p><p>However, in yesterday&#39;s second-quarter or FQ2 earnings release, management&#39;s commentary reignited worries about when investors can expect Sea Limited to post sustainable profitability. Analysts on the call were palpably surprised by the renewed focus to invest more aggressively in its e-commerce business. Management also didn&#39;t reject suggestions that its near-term profitability could be impacted as investors assess the possible extent of further losses.</p><p>I discussed the impact of TikTok (BDNCE) in my pre-earnings update, suggesting investors must assess the increasing competitive threat posed by the ByteDance-owned unit. Management&#39;s commentary in the earnings call was aimed at TikTok, as Sea Limited channels its investments to live-streaming and content-based e-commerce. Investors should also anticipate more significant shipping subsidies as Shopee (Sea Limited&#39;s e-commerce unit) reaccelerates its investments push.</p><p>I highlighted in my previous update that Sea Limited is expected to be on track for potentially significant operating leverage gains. Yesterday&#39;s selloff suggests the market has likely priced in a substantial downward de-rating in its profitability push. While Sea Limited bears could point out that the company&#39;s aggressive subsidies-induced growth is unsustainable, I believe management has proved that they could pivot their strategies expeditiously.</p><p>Coupled with more robust and potentially bottoming performance from Garena (Sea Limited&#39;s gaming arm) as it posted constructive growth metrics, Sea Limited is reinvesting from a position of strength.</p><p>I assessed that the company likely viewed TikTok&#39;s competitive challenge as formidable and needs to be addressed. Despite that, Shopee remains the market leader in Indonesia and the Southeast Asia region. Notwithstanding the leadership, management emphasized that long-term leadership remains predicated on Shopee&#39;s ability to consolidate its position as a low-cost leader.</p><p>Group Chief Corporate Officer Yanjun Wang accentuated that &#34;in the long term, competition in e-commerce is fundamentally based on serving users efficiently and at low cost.&#34; As such, Shopee must focus on improving its cost efficiencies on its path toward profitability.</p><p>Sea Limited&#39;s ability to achieve adjusted EBITDA gains in e-commerce and Sea Money (fintech unit) indicates the presence and benefits of its growing scale. Hence, while TikTok is a formidable threat, Sea Limited&#39;s e-commerce and flywheel should position it well to take the near-term profitability hit as it looks to expand its market leadership to squeeze TikTok. Moreover, its cash and liquidity position has improved to $7.7B in Q2, suggesting the company is not expected to face imminent liquidity crunches.</p><p>I believe analysts will likely mark down Sea Limited&#39;s adjusted EBITDA estimates over the next three years, given the company&#39;s strategic adjustments. While I&#39;m disappointed that it would likely lead to an extension before reaching sustainable profitability, I&#39;m also assured that yesterday&#39;s &#34;historic selloff&#34; likely led to a massive capitulation which could help SE bottom out against its November 2022 support zone.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86b92ee0c0f0c3e3873f8ceae727faae\" alt=\"SE price chart (weekly) (TradingView)\" title=\"SE price chart (weekly) (TradingView)\" tg-width=\"640\" tg-height=\"340\"/><span>SE price chart (weekly) (TradingView)</span></p><p>Considering SE&#39;s 2-Day chart above, it&#39;s clear that market operators de-rated SE in anticipation of an extended profitability push. However, the price action signals strongly suggest that the selloff indicates a capitulation event re-testing its November 2022 lows.</p><p>With that low taken out, I expect dip buyers looking for selling exhaustion to return. While still early, I&#39;ve already used its plunge yesterday to add more positions near the session&#39;s lows.</p><p>More conservative investors should consider waiting for a validated bullish reversal before picking their spots. However, with yesterday&#39;s selldown and Sea Limited&#39;s increasing scale, SE remains a Buy, offering investors another opportunity to add in line with last year&#39;s lows.</p><p><em>Rating: Maintain Speculative Buy. Please note that a Buy rating is equivalent to a Bullish or Market Outperform rating. See the additional disclosure section below for important notes accompanying the Speculative Buy rating presented.</em></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: Doubling Down Opportunity From \"Historic Plunge\"</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\">\nSea Limited: Doubling Down Opportunity From \"Historic Plunge\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-17 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4628878-sea-limited-doubling-down-opportunity-from-historic-plunge><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited investors endured a torrid 'historic plunge,' as SE fell nearly 29% yesterday, wiping out a quarter of CEO Forrest Li's wealth.While the earnings report didn't seem that bad, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4628878-sea-limited-doubling-down-opportunity-from-historic-plunge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","BK4588":"碎股","SG9999001135.SGD":"United ASEAN Fund SGD","SE":"Sea Ltd","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0048573645.USD":"富达东盟基金","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU0251143029.SGD":"Fidelity ASEAN A-SGD","BK4551":"寇图资本持仓","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","BK4085":"互动家庭娱乐","BK4581":"高盛持仓","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","BK4548":"巴美列捷福持仓","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999002406.SGD":"利安新加坡信托基金","BK4503":"景林资产持仓","BK4554":"元宇宙及AR概念","SG9999002620.SGD":"LionGlobal South East Asia SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK4585":"ETF&股票定投概念","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","BK4535":"淡马锡持仓","SG9999013478.USD":"利安新加坡股息基金","BK4566":"资本集团","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC"},"source_url":"https://seekingalpha.com/article/4628878-sea-limited-doubling-down-opportunity-from-historic-plunge","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2359386492","content_text":"SummarySea Limited investors endured a torrid 'historic plunge,' as SE fell nearly 29% yesterday, wiping out a quarter of CEO Forrest Li's wealth.While the earnings report didn't seem that bad, investors were concerned about the company's renewed focus on taking on TikTok.As such, Sea Limited's push toward sustainability profitability could be extended, which wasn't denied by management when analysts pressed for clarity in the earnings call.However, I also assessed that yesterday's steep selloff took us back to November 2022 support levels. SE could bottom out from here with selling exhaustion.I make the case for why I decided to buy aggressively at yesterday's session lows. If you have been waiting to buy more, make full use of the steep selloff.DNY59Bloomberg called it a \"historic tumble,\" as Sea Limited (NYSE:SE) investors saw its stock close nearly 29% below its previous day's session. It also reportedly wiped out a quarter of CEO Forrest Li's wealth. Weak holders who didn't anticipate such massive volatility likely fled, as the Singapore-headquartered internet company telegraphed more investments in e-commerce should be expected.As such, a delayed push toward e-commerce profitability is likely in the works, as investors who fled feared the loss-driven gross merchandise value or GMV growth that characterized SE's previous rapid ascent and descent.However, since SE's massive battering that formed its November 2022 bottom, the company has strategically adjusted its e-commerce growth. With growth in Southeast Asia slowing and hobbled by a possible recession, Sea Limited switched gears as the company underscored its commitment to profitability.However, in yesterday's second-quarter or FQ2 earnings release, management's commentary reignited worries about when investors can expect Sea Limited to post sustainable profitability. Analysts on the call were palpably surprised by the renewed focus to invest more aggressively in its e-commerce business. Management also didn't reject suggestions that its near-term profitability could be impacted as investors assess the possible extent of further losses.I discussed the impact of TikTok (BDNCE) in my pre-earnings update, suggesting investors must assess the increasing competitive threat posed by the ByteDance-owned unit. Management's commentary in the earnings call was aimed at TikTok, as Sea Limited channels its investments to live-streaming and content-based e-commerce. Investors should also anticipate more significant shipping subsidies as Shopee (Sea Limited's e-commerce unit) reaccelerates its investments push.I highlighted in my previous update that Sea Limited is expected to be on track for potentially significant operating leverage gains. Yesterday's selloff suggests the market has likely priced in a substantial downward de-rating in its profitability push. While Sea Limited bears could point out that the company's aggressive subsidies-induced growth is unsustainable, I believe management has proved that they could pivot their strategies expeditiously.Coupled with more robust and potentially bottoming performance from Garena (Sea Limited's gaming arm) as it posted constructive growth metrics, Sea Limited is reinvesting from a position of strength.I assessed that the company likely viewed TikTok's competitive challenge as formidable and needs to be addressed. Despite that, Shopee remains the market leader in Indonesia and the Southeast Asia region. Notwithstanding the leadership, management emphasized that long-term leadership remains predicated on Shopee's ability to consolidate its position as a low-cost leader.Group Chief Corporate Officer Yanjun Wang accentuated that \"in the long term, competition in e-commerce is fundamentally based on serving users efficiently and at low cost.\" As such, Shopee must focus on improving its cost efficiencies on its path toward profitability.Sea Limited's ability to achieve adjusted EBITDA gains in e-commerce and Sea Money (fintech unit) indicates the presence and benefits of its growing scale. Hence, while TikTok is a formidable threat, Sea Limited's e-commerce and flywheel should position it well to take the near-term profitability hit as it looks to expand its market leadership to squeeze TikTok. Moreover, its cash and liquidity position has improved to $7.7B in Q2, suggesting the company is not expected to face imminent liquidity crunches.I believe analysts will likely mark down Sea Limited's adjusted EBITDA estimates over the next three years, given the company's strategic adjustments. While I'm disappointed that it would likely lead to an extension before reaching sustainable profitability, I'm also assured that yesterday's \"historic selloff\" likely led to a massive capitulation which could help SE bottom out against its November 2022 support zone.SE price chart (weekly) (TradingView)Considering SE's 2-Day chart above, it's clear that market operators de-rated SE in anticipation of an extended profitability push. However, the price action signals strongly suggest that the selloff indicates a capitulation event re-testing its November 2022 lows.With that low taken out, I expect dip buyers looking for selling exhaustion to return. While still early, I've already used its plunge yesterday to add more positions near the session's lows.More conservative investors should consider waiting for a validated bullish reversal before picking their spots. However, with yesterday's selldown and Sea Limited's increasing scale, SE remains a Buy, offering investors another opportunity to add in line with last year's lows.Rating: Maintain Speculative Buy. Please note that a Buy rating is equivalent to a Bullish or Market Outperform rating. See the additional disclosure section below for important notes accompanying the Speculative Buy rating presented.","news_type":1},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209519474737312,"gmtCreate":1692160811058,"gmtModify":1692160816958,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Support your thesis!Value to go in","listText":"Support your thesis!Value to go in","text":"Support your thesis!Value to go in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209519474737312","repostId":"2359810077","repostType":2,"repost":{"id":"2359810077","kind":"highlight","pubTimestamp":1692150445,"share":"https://ttm.financial/m/news/2359810077?lang=&edition=fundamental","pubTime":"2023-08-16 09:47","market":"us","language":"en","title":"Sea Limited Earnings: Navigating Q2's Storm, Priced At 10x EBITDA","url":"https://stock-news.laohu8.com/highlight/detail?id=2359810077","media":"seekingalpha","summary":"Luckily for investors, Sea's comparables ease up substantially over the next couple of quarters, so even if its revenue growth rates don't accelerate, its y/y comparables should be attractive enough for Sea to deliver close to 10% y/y revenue growth rates into H2 2023.   SA Premium Furthermore, as you can see above, analysts' consensus estimates for Sea had already been markedly lowered, to the point that analysts have already reduced their financial projections for Q4 2023 to 3% y/y revenue growth rates. In other words, Sea's growth hurdles had already been lowered. Profitability Profile Examined SE Q2 2023 Sea's bull case is focused on Sea's ability to turn the corner on its profitability. To this end, the graphic above demonstrates Sea's prog","content":"<html><head></head><body><h2 id=\"id_470605604\" style=\"text-align: left;\">Summary</h2><ul><li><p>Sea Limited&#39;s Q2 2023 results disappointed investors, particularly due to the slowing growth of its Digital Financial Services segment.</p></li><li><p>Concerns have been raised about Sea&#39;s ability to sustain its growth trajectory.</p></li><li><p>Despite the slowdown, Sea&#39;s improved profitability and the potential for $3 billion in EBITDA by 2024 make the current valuation of the stock attractive.</p></li></ul><h2 id=\"id_699353409\">Investment Thesis</h2><p><a href=\"https://laohu8.com/S/SE\">Sea Limited</a> negatively surprised investors with its Q2 2023 results. Not only did Sea&#39;s revenue growth rates miss analysts&#39; expectations, but the details of this revenue miss matter.</p><p>I declare that investors felt disenchanted and frustrated to see that Sea&#39;s key growth engine, its Digital Financial Services, delivered yet another quarter of slowing revenue growth rates.</p><p>Nevertheless, I argue, that paying 10x next year&#39;s EBITDA for Sea is probably as cheap as this is going to get. Here&#39;s why I&#39;m bullish on Sea Limited.</p><p>Read more: <a href=\"https://ttm.financial/NW/1136947087\" title=\"Singapore&#39;s Sea Misses Quarterly Revenue Estimates\" target=\"_blank\">Singapore&#39;s Sea Misses Quarterly Revenue Estimates</a></p><h2 id=\"id_2467689377\">Sea Limited&#39;s Growth Engine in Focus</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/793469aa69a9f3ae44f50e9d70e7dd5d\" title=\"\" tg-width=\"640\" tg-height=\"300\"/></p><p>Sea Limited Segments</p><p>Above we see Sea&#39;s 3 main segments. Long ago, investors had come to terms with its shrinking Digital Entertainment segment, so this segment being down slightly didn&#39;t cause investors too much concern.</p><p>However, what investors have latched onto is Sea&#39;s growth engine, its Digital Financial Services (&#39;&#39;DFS&#39;&#39;), which saw a substantial deceleration from Q1. To illustrate, see if you can pick up a trend for Sea&#39;s DFS segment:</p><ul><li><p>Q2 2022: 214% y/y</p></li><li><p>Q3 2022: 147% y/y</p></li><li><p>Q4 2022: 92% y/y</p></li><li><p>Q1 2023: 75% y/y</p></li><li><p>Q2 2023: 53% y/y.</p></li></ul><p>This poses a significant problem. Why? Because investors were backing this stock were backing what <em>they believed</em> to be a business that had another segment asides from its e-commerce segment to deliver strong growth rates.</p><p>And with its DFS segment rapidly decelerating from more than 200% y/y growth this time last year to 53% y/y this time around, investors are left searching and asking tough questions.</p><h2 id=\"id_464247106\">Revenue Growth Rates Fizzled Out</h2><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08c5bcebd43fcbd18b62236fb5b6c629\" title=\"\" tg-width=\"640\" tg-height=\"227\"/></p><p>SE revenue growth rates</p><p>One of the problems with investing is that when the share price is going up, nobody is going to waste too much energy asking difficult questions about their investment. After all, the stock is going up, and everyone is a buy-and-hold-forever investor.</p><p>But when the company starts to report slowing revenue growth rates, all of a sudden investors start to look ahead and show slightly more trepidation before sending good money after bad.</p><p>In practical terms, investors are now looking out to the end of 2023 and asking, if Q2 delivered just 5% y/y growth rates, what sort of growth rates can we expect towards the back end of 2023?</p><p>Luckily for investors, Sea&#39;s comparables ease up substantially over the next couple of quarters, so even if its revenue growth rates don&#39;t accelerate, its y/y comparables should be attractive enough for Sea to deliver close to 10% y/y revenue growth rates into H2 2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05f82fdfe0e02a82701ed0450de3cddf\" title=\"\" tg-width=\"418\" tg-height=\"386\"/></p><p>SA Premium</p><p>Furthermore, as you can see above, analysts&#39; consensus estimates for Sea had already been markedly lowered, to the point that analysts have already reduced their financial projections for Q4 2023 to 3% y/y revenue growth rates.</p><p>In other words, Sea&#39;s growth hurdles had already been lowered.</p><h2 id=\"id_3038995066\">Profitability Profile Examined</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13e7430b69913730a1259222ef68d094\" title=\"\" tg-width=\"640\" tg-height=\"510\"/></p><p>SE Q2 2023</p><p>Sea&#39;s bull case is focused on Sea&#39;s ability to turn the corner on its profitability. To this end, the graphic above demonstrates Sea&#39;s progress. As you can see above, Sea&#39;s EBITDA went from negative $0.5 billion EBITDA in last year&#39;s Q2 to just over $0.5 billion this time around -- a jump of $1 billion in profitability in 12 months.</p><p>Put another way, yes investors are disenchanted with Sea&#39;s growth engine slowing down. But the fact that its underlying profitability has so dramatically improved undoubtedly supports its valuation.</p><p>To illustrate, Sea may end 2023 with slightly more than $2 billion in adjusted EBITDA profitability.</p><p>On the other hand, investors may declare that much of this progress is already old news, after all, Sea had already delivered a similar improvement in profitability last quarter, Q1 2023, see below:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2062ccc2a8499f5dc4d80c7dee119ab5\" title=\"\" tg-width=\"640\" tg-height=\"503\"/></p><p>SEA Q1 2023</p><p>Meaning that, yes, Sea&#39;s y/y profitability comparison has improved. But sequentially? Sea has delivered practically no improvement.</p><p>On yet the other hand, I believe that paying very approximately 14x this year&#39;s EBITDA is a very attractive risk-reward. Indeed, if you think about it, this year is practically finished. Meaning that most investors will already be attempting to price in 2024.</p><p>Further, it&#39;s highly likely that in 2024, Sea could be on the cusp of reporting $3 billion of EBITDA. That means that the stock is priced at 10x next year&#39;s EBITDA. Surely, that&#39;s cheap enough?</p><h2 id=\"id_2834589196\">The Bottom Line</h2><p>Sea Limited&#39;s recent Q2 2023 results left investors disappointed, particularly due to the underwhelming performance of its Digital Financial Services segment, which experienced a significant deceleration in revenue growth rates.</p><p>This slowdown raised concerns about Sea&#39;s ability to sustain its growth trajectory.</p><p>Despite this setback, I argue that the current valuation, with Sea trading at around 10x next year&#39;s EBITDA, presents an attractive opportunity.</p><p>While the DFS segment&#39;s growth has faltered, Sea&#39;s profitability profile has notably improved, and the prospect of reaching $3 billion in EBITDA by 2024 supports the stock&#39;s potential upside.</p><p>Although questions linger, paying such a valuation for Sea might just be as affordable as it gets in the near term. As always, the investing journey continues with its twists and turns.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited Earnings: Navigating Q2's Storm, Priced At 10x EBITDA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited Earnings: Navigating Q2's Storm, Priced At 10x EBITDA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-16 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4628576-sea-limited-earnings-navigating-q2-storm-priced-at-10x-ebitda><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited's Q2 2023 results disappointed investors, particularly due to the slowing growth of its Digital Financial Services segment.Concerns have been raised about Sea's ability to sustain ...</p>\n\n<a href=\"https://seekingalpha.com/article/4628576-sea-limited-earnings-navigating-q2-storm-priced-at-10x-ebitda\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4628576-sea-limited-earnings-navigating-q2-storm-priced-at-10x-ebitda","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2359810077","content_text":"SummarySea Limited's Q2 2023 results disappointed investors, particularly due to the slowing growth of its Digital Financial Services segment.Concerns have been raised about Sea's ability to sustain its growth trajectory.Despite the slowdown, Sea's improved profitability and the potential for $3 billion in EBITDA by 2024 make the current valuation of the stock attractive.Investment ThesisSea Limited negatively surprised investors with its Q2 2023 results. Not only did Sea's revenue growth rates miss analysts' expectations, but the details of this revenue miss matter.I declare that investors felt disenchanted and frustrated to see that Sea's key growth engine, its Digital Financial Services, delivered yet another quarter of slowing revenue growth rates.Nevertheless, I argue, that paying 10x next year's EBITDA for Sea is probably as cheap as this is going to get. Here's why I'm bullish on Sea Limited.Read more: Singapore's Sea Misses Quarterly Revenue EstimatesSea Limited's Growth Engine in FocusSea Limited SegmentsAbove we see Sea's 3 main segments. Long ago, investors had come to terms with its shrinking Digital Entertainment segment, so this segment being down slightly didn't cause investors too much concern.However, what investors have latched onto is Sea's growth engine, its Digital Financial Services (''DFS''), which saw a substantial deceleration from Q1. To illustrate, see if you can pick up a trend for Sea's DFS segment:Q2 2022: 214% y/yQ3 2022: 147% y/yQ4 2022: 92% y/yQ1 2023: 75% y/yQ2 2023: 53% y/y.This poses a significant problem. Why? Because investors were backing this stock were backing what they believed to be a business that had another segment asides from its e-commerce segment to deliver strong growth rates.And with its DFS segment rapidly decelerating from more than 200% y/y growth this time last year to 53% y/y this time around, investors are left searching and asking tough questions.Revenue Growth Rates Fizzled OutSE revenue growth ratesOne of the problems with investing is that when the share price is going up, nobody is going to waste too much energy asking difficult questions about their investment. After all, the stock is going up, and everyone is a buy-and-hold-forever investor.But when the company starts to report slowing revenue growth rates, all of a sudden investors start to look ahead and show slightly more trepidation before sending good money after bad.In practical terms, investors are now looking out to the end of 2023 and asking, if Q2 delivered just 5% y/y growth rates, what sort of growth rates can we expect towards the back end of 2023?Luckily for investors, Sea's comparables ease up substantially over the next couple of quarters, so even if its revenue growth rates don't accelerate, its y/y comparables should be attractive enough for Sea to deliver close to 10% y/y revenue growth rates into H2 2023.SA PremiumFurthermore, as you can see above, analysts' consensus estimates for Sea had already been markedly lowered, to the point that analysts have already reduced their financial projections for Q4 2023 to 3% y/y revenue growth rates.In other words, Sea's growth hurdles had already been lowered.Profitability Profile ExaminedSE Q2 2023Sea's bull case is focused on Sea's ability to turn the corner on its profitability. To this end, the graphic above demonstrates Sea's progress. As you can see above, Sea's EBITDA went from negative $0.5 billion EBITDA in last year's Q2 to just over $0.5 billion this time around -- a jump of $1 billion in profitability in 12 months.Put another way, yes investors are disenchanted with Sea's growth engine slowing down. But the fact that its underlying profitability has so dramatically improved undoubtedly supports its valuation.To illustrate, Sea may end 2023 with slightly more than $2 billion in adjusted EBITDA profitability.On the other hand, investors may declare that much of this progress is already old news, after all, Sea had already delivered a similar improvement in profitability last quarter, Q1 2023, see below:SEA Q1 2023Meaning that, yes, Sea's y/y profitability comparison has improved. But sequentially? Sea has delivered practically no improvement.On yet the other hand, I believe that paying very approximately 14x this year's EBITDA is a very attractive risk-reward. Indeed, if you think about it, this year is practically finished. Meaning that most investors will already be attempting to price in 2024.Further, it's highly likely that in 2024, Sea could be on the cusp of reporting $3 billion of EBITDA. That means that the stock is priced at 10x next year's EBITDA. Surely, that's cheap enough?The Bottom LineSea Limited's recent Q2 2023 results left investors disappointed, particularly due to the underwhelming performance of its Digital Financial Services segment, which experienced a significant deceleration in revenue growth rates.This slowdown raised concerns about Sea's ability to sustain its growth trajectory.Despite this setback, I argue that the current valuation, with Sea trading at around 10x next year's EBITDA, presents an attractive opportunity.While the DFS segment's growth has faltered, Sea's profitability profile has notably improved, and the prospect of reaching $3 billion in EBITDA by 2024 supports the stock's potential upside.Although questions linger, paying such a valuation for Sea might just be as affordable as it gets in the near term. As always, the investing journey continues with its twists and turns.","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198073164345392,"gmtCreate":1689392104388,"gmtModify":1689392107811,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"I still believe the stock can up more base on market trend","listText":"I still believe the stock can up more base on market trend","text":"I still believe the stock can up more base on market trend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198073164345392","repostId":"2351237276","repostType":2,"repost":{"id":"2351237276","kind":"highlight","pubTimestamp":1689383383,"share":"https://ttm.financial/m/news/2351237276?lang=&edition=fundamental","pubTime":"2023-07-15 09:09","market":"sg","language":"en","title":"Nio Stock Bulls are in for a Rude Awakening","url":"https://stock-news.laohu8.com/highlight/detail?id=2351237276","media":"InvestorPlace","summary":"As some recent company-specific developments will fail to have enough of an impact on time to prevent an increasingly-likely late-year price plunge, consider it best to keep avoiding NIO stock.","content":"<html><head></head><body><ul><li><p><strong>Nio’s</strong> (<strong>NIO</strong>) latest delivery numbers were mixed at best, but general excitement about EV sales growth has propelled shares higher.</p></li><li><p>While shares could stay on their current trajectory in the near-term, investors may be in for a rude awakening later this year.</p></li><li><p>As before, there remains a strong chance Nio disappoints with sales growth and/or margins in the coming quarters.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14e2554adb7734c917635ae8dca2b6ba\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: Michael Vi / Shutterstock.com</p><p>July thus far has been a great month for electric vehicle stocks, and <strong>Nio</strong> (NYSE:<strong>NIO</strong>) stock is no exception.</p><p>Already trending higher at the start of the month, NIO stock has kept climbing, making its way back to double-digit prices for the first time in months.</p><p>Some of the latest rally for the China-based EV maker has been driven by company-related news. However, much of it is rising bullishness for the EV industry at-large.</p><p>Strong monthly delivery numbers from several EV makers, plus news perceived to be bullish for EV sales growth in China, has further convinced investors that Nio will come along for the ride. Even so, I’m not convinced.</p><p>Instead, while conceding that the current sentiment for Nio could hold in the near-term, the most relevant facts still point to disappointment and big losses ahead for this EV stock.</p><h2 id=\"id_3690066754\">NIO Stock: Latest Delivery Numbers Mixed at Best</h2><p>Chances are you’ve seen recent headlines touting better-than-expected delivery numbers for major EV makers, and not only <strong>Tesla</strong> (NASDAQ:<strong>TSLA</strong>).</p><p>Several high-profile U.S. and Chinese EV contenders have also reported solid results as of late. Nio, though, is not in that category.</p><p>Sure, NIO stock did move higher after the release of Nio’s latest monthly delivery update, but was it for the right reasons?</p><p>The market focused only on the positive aspects of the update, and none on the negative aspects. For instance, during June, the company delivered a total of 10,707 vehicles.</p><p>Compared to Nio’s May delivery results (6,155 vehicles), this appeared to be a sign of massive growth re-acceleration.</p><p>Yet while sales were up on a sequential (month-over-month) basis, on a year-over-year basis, sales were down by around 17%. In short, far from “crushing it” as its rivals may be right now, for the prior month, Nio’s delivery numbers were mixed at best.</p><p>Still, I don’t assume investors will quickly come to the same conclusion. However, the view that sequential sales growth, plus strong overall demand growth for EVs, bodes well for the company can only prevail for so long.</p><h2 id=\"id_2226961907\">The Bear Case Keeps Strengthening</h2><p>Previously, I have discussed a possible bearish scenario for NIO stock between now and year’s end. There are two ways the company could underwhelm investors. Even if just one happen, it may lead to a big reversal for shares.</p><p>First, high competition from Tesla and local-based EV companies could hinder sales growth this quarter and next quarter.</p><p>Second, Nio’s move to slash vehicle prices, which is the result of the intensifying competition, will negatively affect vehicle margins. In turn, resulting in greater-than-expected operating losses.</p><p>Market confidence in the bull case may be growing right now. However, recently additional factors have emerged pointing to the bear case ultimately playing out. Tesla has once again cut prices for its vehicles in China.</p><p>A prominent China-based EV maker, <strong>BYD Company Limited</strong> (OTCMKTS:<strong>BYDDF</strong>), is gearing up to launch a vehicle that could leave Tesla and Nio’s respective premium midsize crossover offerings in the dust.</p><p>That’s not all. Along with the fact competitive pressures keep rising, the further threat of a price war has not gone away. As <em>InvestorPlace’s</em> Eddie Pan reported July 11, Chinese antitrust law has squashed an attempt to implement a “price war truce.”</p><h2 id=\"id_2341501353\">Don’t End Up Stuck Holding the Bag</h2><p>Since June, a bullish stance has paid off for NIO investors. However, as some of them decide to take profit, don’t be tempted to buy what they are selling. You could end up stuck holding the bag.</p><p>Monthly deliveries may not rise meaningfully over the next six months. The ongoing price war could do even greater damage to Nio’s margins. If one or both things play out, expect the stock to experience a big reversal.</p><p>Yes, there have been some developments recently that could change the story in the long run. For instance, an investment deal with Abu Dhabi, as well as an announced battery-swap partnership deal.</p><p>Unfortunately, neither of these will start to make an impact in time to prevent an increasingly likely late-year plunge.</p><p>With this, consider it best to keep avoiding NIO stock.</p><p>NIO stock earns a D rating in <em>Portfolio Grader</em>.</p></body></html>","source":"investorplace_stock_picks","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>Nio Stock Bulls are in for a Rude Awakening</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\">\nNio Stock Bulls are in for a Rude Awakening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-15 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/market360/2023/07/nio-stock-bulls-are-in-for-a-rude-awakening/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio’s (NIO) latest delivery numbers were mixed at best, but general excitement about EV sales growth has propelled shares higher.While shares could stay on their current trajectory in the near-term, ...</p>\n\n<a href=\"https://investorplace.com/market360/2023/07/nio-stock-bulls-are-in-for-a-rude-awakening/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","BK4531":"中概回港概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4534":"瑞士信贷持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","TSLA":"特斯拉","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4509":"腾讯概念","LU1548497426.USD":"安联环球人工智能AT Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4550":"红杉资本持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4551":"寇图资本持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","NIO":"蔚来","BK4099":"汽车制造商","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4511":"特斯拉概念","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4548":"巴美列捷福持仓","LU0052750758.USD":"富兰克林中国基金A Acc","NIO.SI":"蔚来","09866":"蔚来-SW","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK6125":"汽车制造商","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4532":"文艺复兴科技持仓","LU2063271972.USD":"富兰克林创新领域基金","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H"},"source_url":"https://investorplace.com/market360/2023/07/nio-stock-bulls-are-in-for-a-rude-awakening/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2351237276","content_text":"Nio’s (NIO) latest delivery numbers were mixed at best, but general excitement about EV sales growth has propelled shares higher.While shares could stay on their current trajectory in the near-term, investors may be in for a rude awakening later this year.As before, there remains a strong chance Nio disappoints with sales growth and/or margins in the coming quarters.Source: Michael Vi / Shutterstock.comJuly thus far has been a great month for electric vehicle stocks, and Nio (NYSE:NIO) stock is no exception.Already trending higher at the start of the month, NIO stock has kept climbing, making its way back to double-digit prices for the first time in months.Some of the latest rally for the China-based EV maker has been driven by company-related news. However, much of it is rising bullishness for the EV industry at-large.Strong monthly delivery numbers from several EV makers, plus news perceived to be bullish for EV sales growth in China, has further convinced investors that Nio will come along for the ride. Even so, I’m not convinced.Instead, while conceding that the current sentiment for Nio could hold in the near-term, the most relevant facts still point to disappointment and big losses ahead for this EV stock.NIO Stock: Latest Delivery Numbers Mixed at BestChances are you’ve seen recent headlines touting better-than-expected delivery numbers for major EV makers, and not only Tesla (NASDAQ:TSLA).Several high-profile U.S. and Chinese EV contenders have also reported solid results as of late. Nio, though, is not in that category.Sure, NIO stock did move higher after the release of Nio’s latest monthly delivery update, but was it for the right reasons?The market focused only on the positive aspects of the update, and none on the negative aspects. For instance, during June, the company delivered a total of 10,707 vehicles.Compared to Nio’s May delivery results (6,155 vehicles), this appeared to be a sign of massive growth re-acceleration.Yet while sales were up on a sequential (month-over-month) basis, on a year-over-year basis, sales were down by around 17%. In short, far from “crushing it” as its rivals may be right now, for the prior month, Nio’s delivery numbers were mixed at best.Still, I don’t assume investors will quickly come to the same conclusion. However, the view that sequential sales growth, plus strong overall demand growth for EVs, bodes well for the company can only prevail for so long.The Bear Case Keeps StrengtheningPreviously, I have discussed a possible bearish scenario for NIO stock between now and year’s end. There are two ways the company could underwhelm investors. Even if just one happen, it may lead to a big reversal for shares.First, high competition from Tesla and local-based EV companies could hinder sales growth this quarter and next quarter.Second, Nio’s move to slash vehicle prices, which is the result of the intensifying competition, will negatively affect vehicle margins. In turn, resulting in greater-than-expected operating losses.Market confidence in the bull case may be growing right now. However, recently additional factors have emerged pointing to the bear case ultimately playing out. Tesla has once again cut prices for its vehicles in China.A prominent China-based EV maker, BYD Company Limited (OTCMKTS:BYDDF), is gearing up to launch a vehicle that could leave Tesla and Nio’s respective premium midsize crossover offerings in the dust.That’s not all. Along with the fact competitive pressures keep rising, the further threat of a price war has not gone away. As InvestorPlace’s Eddie Pan reported July 11, Chinese antitrust law has squashed an attempt to implement a “price war truce.”Don’t End Up Stuck Holding the BagSince June, a bullish stance has paid off for NIO investors. However, as some of them decide to take profit, don’t be tempted to buy what they are selling. You could end up stuck holding the bag.Monthly deliveries may not rise meaningfully over the next six months. The ongoing price war could do even greater damage to Nio’s margins. If one or both things play out, expect the stock to experience a big reversal.Yes, there have been some developments recently that could change the story in the long run. For instance, an investment deal with Abu Dhabi, as well as an announced battery-swap partnership deal.Unfortunately, neither of these will start to make an impact in time to prevent an increasingly likely late-year plunge.With this, consider it best to keep avoiding NIO stock.NIO stock earns a D rating in Portfolio Grader.","news_type":1},"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195283110068480,"gmtCreate":1688702141458,"gmtModify":1688702145183,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Buy small average &nbsp;down will not miss when market is up trend&nbsp;","listText":"Buy small average &nbsp;down will not miss when market is up trend&nbsp;","text":"Buy small average down will not miss when market is up trend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195283110068480","repostId":"1129140362","repostType":2,"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194997973995752,"gmtCreate":1688614637573,"gmtModify":1688614641968,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Thanks for sharing , at least retail&nbsp; investors like us know that We are not alone in this game .&nbsp;","listText":"Thanks for sharing , at least retail&nbsp; investors like us know that We are not alone in this game .&nbsp;","text":"Thanks for sharing , at least retail investors like us know that We are not alone in this game .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194997973995752","repostId":"2349377736","repostType":2,"repost":{"id":"2349377736","kind":"highlight","pubTimestamp":1688606645,"share":"https://ttm.financial/m/news/2349377736?lang=&edition=fundamental","pubTime":"2023-07-06 09:24","market":"us","language":"en","title":"What The World's Top Investors Are Buying And Selling","url":"https://stock-news.laohu8.com/highlight/detail?id=2349377736","media":"seekingalpha","summary":"Paul Morigi/Getty Images Entertainment This is a sequel to my popular 2021 article, “What The World’s Top Investors Are Buying and Selling.” I am an avid Indiana Jones fan, so thought it apropos to pu","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>Winners were Buffett, Dalio, Gross, Gundlach, and Rogers, while Munger and Miller had a rough stretch.</p></li><li><p>Now the legends anticipate severe consequences from unprecedented debt, an eventual decline in the dollar, persistent inflation, and a purging of speculative excesses.</p></li><li><p>The stock pickers own good businesses while several others emphasize inflation protection and portfolio diversification.</p></li></ul><p>Here we revisit insights from seven of the world&#39;s greatest investors, taken from a variety of sources. We will look at their performance since my 2021 article and their recent high-conviction investment themes, picks and pans.</p><h2>The Magnificent Seven Investors</h2><p>Given how many great investors there are, any short list will necessarily be subjective. To recap from my previous piece, I chose this group based on their track record over a long period and accessibility to their current thinking. Here are my Magnificent Seven:</p><ol><li><p>Warren Buffett, Chairman, Berkshire Hathaway</p></li><li><p>Charlie Munger, Vice Chairman, Berkshire Hathaway and Vice Chairman, The Daily Journal</p></li><li><p>Ray Dalio, Co-Chief Investment Officer and Chairman, Bridgewater Associates</p></li><li><p>Bill Gross, former Chairman of PIMCO</p></li><li><p>Jeffrey Gundlach, CEO, DoubleLine Capital</p></li><li><p>Bill Miller, Chairman, Miller Value Partners</p></li><li><p>Jim Rogers, co-founder of the Quantum Fund and Soros Fund Management</p></li></ol><p><strong>Buffet Rode Chevron (CVX) to Big Gains While Bank of America Suffered</strong></p><p>According to the March 2023 13F filing, Berkshire Hathaway&#39;s top five holdings account for $251.9B, or 78% of the firm’s $325B equity portfolio.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d857baac613cd07862221ea465584f4d\" title=\"hedgefollow.com\" tg-width=\"640\" tg-height=\"374\"/><span>hedgefollow.com</span></p><p></p><p>The performance of Berkshire’s top equity picks was mixed. Chevron was a big winner while Bank of America was caught in the banking crisis selloff. Note that Chevron didn’t make the top five holdings list back then but Buffett had just boosted the position significantly. Buffet picked up $13B of Occidental Petroleum (OXY), about 25% of the company, over the past year. Berkshire purchased over 2.1 million shares from June 26 to June 28, with an approximate value of $122 million.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/564f674dd975c8b729d91d616536a441\" title=\"Source: Seeking Alpha, Hedgefollow.com\" tg-width=\"640\" tg-height=\"411\"/><span>Source: Seeking Alpha, Hedgefollow.com</span></p><p>On average, Berkshire’s top picks did well during a rough market that included a drop in the S&amp;P 500 of 25% from December 2021 until late September 2022. The S&amp;P 500 declined 7% but an equal weight position in Buffet’s top six gained 3%.</p><h2>Now Buffet Says Cash and the Dollar Are OK and the Banking System is Safe</h2><p>At the May 2023 Berkshire Hathaway shareholder meeting, Buffet and Munger shared some interesting things, among them:</p><p><em>Cash is not trash.</em> Berkshire is sitting on its largest cash pile ever with more than $100B.</p><p><em>The banking system is safe.</em> Buffet said, &#34;I’ve got my own personal money, and I’m probably above the FDIC limit, and I’ve got it with a local bank and I don’t worry about it in the least.&#34; However, stockholders may not be safe:</p><blockquote>The incentives in bank regulation are so messed up and so many people have an interest in having them messed up - it&#39;s totally crazy, so we are very cautious in a situation like that about ownership.&#34;</blockquote><p><em>Dumb things create opportunities.</em> Consistent with the firm’s large cash hoard, Buffett anticipates opportunities ahead. There were hints about the commercial real estate market opportunities ahead.</p><p><em>The dollar is ok – for now.</em> There is no real competition for the dollar. However, if we continue to see high inflation, confidence in the dollar may erode. This could lead to a new world order in currencies.</p><p><em>A.I. will change the world.</em> Buffett expects “AI will change everything in the world,” but doesn’t think it will trump human intelligence.</p><h2>Charlie Munger’s Top Picks and Pans All Declined</h2><p>Buffet’s running mate Munger serves as Vice Chair of Berkshire Hathaway and Chairman of the Daily Journal. Back in 2021 he liked Alibaba (BABA), Costco (COST), <a href=\"https://laohu8.com/S/ZM\">Zoom</a> (ZM), and Micron Technology (MU). Alibaba was one of the Daily Journal’s top holdings at $37.4M.</p><p>At the 2021 Daily Journal shareholder meeting, when asked which was priced crazier, bitcoin or Tesla (TSLA), Munger quipped, “&#34;I can&#39;t decide the order of precedency between a louse and a flea.&#34; Good call. Since that time Tesla is down 23% and bitcoin down 44%.</p><p>Munger said markets are &#34;crazier than the dot-com boom. He said many U.S. companies were trading at 35 times earnings, with valuations the most extreme he&#39;d seen in recent history. This proved prescient given the ensuing 2022 bear market. He also thought Treasuries were a bad investment. This was correct. Since then the <a href=\"https://laohu8.com/S/EEMA\">iShares</a> 7-10 year Treasury ETF is down 15%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0f39a718814b229c551068defa236d0\" title=\"seekingalpha.com, buffet.online.com\" tg-width=\"640\" tg-height=\"521\"/><span>seekingalpha.com, buffet.online.com</span></p><p>The table shows all Munger’s top picks declined. His picks averaged a price decline of 27%. Yet his pans declined even less, by 22% on average.</p><h2>Munger Continues to Hold Blue Chips and Is Skeptical of AI</h2><p>At the May 2023 Berkshire shareholder meeting Munger said:</p><blockquote><em>We are going to see a lot more robotics in the world. I’m personally skeptical of some of the hype in AI. I think old fashioned intelligence works pretty well.”</em></blockquote><p>According to the SEC filing in April 2023, The Daily Journal’s portfolio held Bank of America ($66M), Wells Fargo ($60M), Alibaba ($31M) and US Bancorp ($5M). Munger’s personal portfolio includes Costco, Berkshire Hathaway, and the Daily Journal.</p><h2>Ray Dalio Made Prescient Calls</h2><p>I am an avid follower of Dalio. He is founder of arguably the world’s most successful hedge fund, Bridgewater Associates.</p><p>Since he is a macro thinker, he avoids mention of specific investments, but does comment on asset classes. Therefore it isn’t easy to track performance. Dalio reserves that information for Bridgewater’s institutional and high net worth individual investors.</p><p>Nonetheless, the table below shows some of the picks and pans that Dalio was clear about in his public commentaries that I researched.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2529f932e7389ca457fff7a544fb0918\" title=\"yahoofinance.com\" tg-width=\"640\" tg-height=\"415\"/><span>yahoofinance.com</span></p><p>He made good calls on commodities, gold, and Treasuries. Dalio said “cash is trash” but has since softened his view. Dalio said parallels between the 1940’s and today suggest higher than historical inflation. Inflation has moderated but is still running about 4%, above the long-term average and the Fed’s target.</p><p>Dalio called the U.S. equity market frothy, but not yet in a bubble. This proved correct so far with the market dropping substantially then recovering. He recommended an all-weather portfolio. I subscribe to this view and wrote about this in my article series on Seeking Alpha.</p><p>Dalio was uncertain about the future of bitcoin, which is down 44% since the 2021 article. Bridgewater was long commodities. A representative commodity futures equity ETF (DBC) is up 14% and my preferred vehicle, a commodity equity fund (GUNR), was up 15% last year.</p><h2>Dalio Likes Blue Chips and Says the Banking Crisis is Indicative of a Classic Bubble Bursting</h2><p>According to hedgefollow.com, the most recent Bridgewater 13F filing shows a highly diversified portfolio. Top holdings are:</p><ol><li><p><a href=\"https://laohu8.com/S/IEMG\">iShares Core MSCI Emerging Markets ETF</a> (IEMG): 5.3% of the portfolio, $872M</p></li><li><p>iShares Core S&amp;P 500 ETF (IVV): 4.6%, $872M</p></li><li><p>Procter &amp; Gamble (PG): 4.5%, $752M</p></li><li><p>Johnson &amp; Johnson (JNJ): 3.4%, $556M</p></li><li><p>PepsiCo (PEP): 3.1%, $511M</p></li><li><p>Coca-Cola (KO): 3.1%, $505M</p></li></ol><p>I added Coca-Cola because it’s interesting that the position is almost as large as PepsiCo. Buffet made it one of his top picks too and he puts his mouth where his money is – he is often seen drinking the product.</p><p>Dalio often posts on LinkedIn and shared his thoughts on the banking crisis:</p><blockquote>I think that it is a very classic event in the very classic bubble-bursting part of the short-term debt cycle (which lasts about seven years, give or take about three) in which the tight money to curtail credit growth and inflation leads to a self-reinforcing debt-credit contraction that takes place via a domino-falling-like contagion process that continues until central banks create easy money that negates the debt-credit contraction, thus producing more new credit and debt, which creates the seeds for the next big debt problem until these short-term cycles build up the debt assets and liabilities to the point that they are unsustainable and the whole thing collapses in a debt restructuring and debt monetization (which typically happens about once every 75 years, give or take about 25 years).&#34;</blockquote><p>For several years Dalio has been warning about the perils of fiscal and monetary policy. He foresees a financial crisis and a new world order on the horizon. You can read his outstanding Changing World Order LinkedIn series for all the details.</p><p>Dalio shared his latest thoughts in a recent public interview with Bloomberg and another with Forbes. He expects continuing stagflation. He believes large government debt obligations and a supply-demand imbalance will exert continued upward pressure on interest rates. He is looking for a real rate of about 1% with sticky inflation of 3-4%.</p><p>He says U.S. Treasury bonds are “very risky.” The Treasury plans to issue another $1.3 trillion in debt by year end. Many foreign entities have curtailed their interest in the securities, in part due to the “financial weaponization” effect. The banks are sitting on too many Treasuries at a loss and are not eager to absorb much of the supply either. This creates a significant supply-demand imbalance. He likes gold as an insurance policy and suggests a “normal” portfolio allocation of 10-15%. He continues to recommend a well-diversified all-weather portfolio.</p><p>On the social and geopolitical fronts, Dalio called out the continuing U.S. political division. Not long ago, he cited the potential for some form of civil war, perhaps triggered by the next Presidential election results.</p><p>Dalio is excited about AI as a “thought partner” and called it “bigger than the internet revolution.” He believes we are entering a “time warp” and says we will see a “completely different world in 5-10 years.”</p><h2>Bill Gross Shared Little, But Was Highly Successful</h2><blockquote><em>“Central bankers create money out of thin air, move interest rates up and down pretending to be prescient, yet fail to regulate the industry they oversee.”</em></blockquote><p>Bill Gross is the original &#34;Bond King&#34; and former head of PIMCO. He has been retired for a few years and is off most investors&#39; radar. However as noted below, we can still glean his thoughts from his website.</p><p>In my 2021 article I quoted Gross: “bonds are trash and you&#39;d be better off with alternatives like NUAN (a Microsoft acquisition likely to return 8% annualized before year end) or XLRN (a Merck acquisition likely to do the same).&#34; Since those stocks stopped trading, we can’t compare their performance over the full period considered. However, his other picks and pans all proved highly successful as indicated below.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abbeaaee59e428c8e92e45ded6904e39\" title=\"seekingalpha.com, williamgross.com\" tg-width=\"640\" tg-height=\"341\"/><span>seekingalpha.com, williamgross.com</span></p><h2>Gross is Concerned About Monetary and Fiscal Policy, and Likes Select Banks</h2><p>Gross’ insightful missive encapsulates his latest thinking. His “Wall Street Playbill” begins by flogging the “cast of characters,” including central bankers, bankers, investment bankers, and managers of hedge, investment, mutual, money market and index funds. He empathizes with the average investor and is thankful for his time working at PIMCO.</p><p>He also echoes Dalio regarding monetary and fiscal stimulus, and their consequences:</p><blockquote><em>Our recent global “banking crisis” is but one of an increasingly frequent series of events such as the Great Recession, the dot-com crisis, and the stock market crash of 1987 that can be traced to too much money creation, too radical financial innovation (portfolio insurance in 1987) and too many fiscal deficit bailouts.</em></blockquote><p>Gross says such bailouts not only necessitate, but “perpetuate and accelerate such actions.” He sees it as “extremely difficult” to return to the Fed’s historic 2% inflation target. As a result, investors should invest with expectations of 3%+ annual inflation and own TIPS rather than nominal Treasuries. They should own companies with the capacity to raise prices and maintain margins in an inflationary environment.</p><p>He’d like to start a bank since it’s a “license to make money.” Now with many regional banks down 30-40%, it’s possible to own them on the cheap via the public market. He holds WAL, KRE (an ETF), SNV and PACW. But he also warned (for legal purposes) these aren’t recommendations.</p><h2>Jeffrey Gundlach Made Some Good Bearish Calls</h2><p>The table below shows calls Gundlach made in December 2021 and how they’ve fared.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e37690f9a3134b4163c143fd310213e4\" title=\"seekingalpha.com\" tg-width=\"640\" tg-height=\"404\"/><span>seekingalpha.com</span></p><p>Gundlach was correctly bearish about Treasuries and bitcoin. He said U.S. value stocks were cheap relative to growth, given relative P/E ratios. This proved correct as value stocks dropped about 4% while the S&amp;P declined 7%. Adding generous dividend yields, value did even better - approximately breaking even.</p><p>His highest conviction idea was that the dollar will head lower over the <em>longer-term</em>. Since December 2021 the dollar is up about 6%. He said he would be a strong advocate of emerging market equities <em>when the dollar moves to the downside</em>. Since that didn’t happen, his call on emerging markets is yet to trigger.</p><h2>Now Gundlach Sees a Weak Economy, Likes Bonds and Is Pessimistic About Stocks</h2><p>After the recent Fed meeting Gundlach weighed in on CNBC. He thinks the Fed has a bad record forecasting the Fed funds rate. Two years ago their forecast was 50-75 basis points for year-end 2023. Gundlach says “they missed it by about 450 basis points.”</p><p>He also thinks the economy is much weaker than the Fed and many economists believe. Economic indicators that are “deeply in recession territory,” including hours worked, leading economic indicators, and a strongly inverted yield curve support his view. He thinks the Fed is making the same mistake they made a year and a half ago, “but in reverse.”</p><p>He is looking for year-end CPI in “the low 3’s,” which would result in a very restrictive real rate of about 200 basis points if the Fed follows through on two more rate hikes. As a result, he doesn’t see the Fed boosting rates.</p><p>Gundlach is bearish on U.S. equities:</p><blockquote><em>You’ve got the S&amp;P 7 which is the mania craze. If you say AI, your stock goes up 20%. The stock market frankly is exhibiting signs of a mania. And it leads to a valuation which is pretty scary with an inverted yield curve with the Fed saying they’re going to raise interest rates…The S&amp;P 500 has a PE of 19 based on forward earnings and if the economy weakens or goes into recession, those forward earnings are greatly exaggerated.&#34;</em></blockquote><p>He says he hasn’t changed his game plan for about a year and a half and likes:</p><ul><li><p>Systematic upgrading (of quality) in fixed income portfolios</p></li><li><p>A barbell portfolio - primarily in bonds - with 20% stocks, 60% bonds and 20% real assets</p></li><li><p>Fixed income is very cheap with 5% yields on very high grade bonds with no default risk</p></li><li><p>Actively managed fixed income portfolio that can earn 8-10% via “the middle part of the capital structure” (presumably offered by his firm, Double Line, although Gundlach doesn’t pitch anything specific).</p></li></ul><h2>Bill Miller’s “Ferrari” Pick and Other Hot Stocks Tanked</h2><p>Miller has always advocated a buy and hold strategy. In late 2021 he thought we were still in a bull market and suggested investors stay the course. This came just before the onset of the vicious 2022 bear market. He said gold was a “horse and buggy, and bitcoin a Ferrari.”</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd29eb3098f32bcbb2fc6cd0dbbc8e63\" title=\"seekingalpha.com\" tg-width=\"640\" tg-height=\"354\"/><span>seekingalpha.com</span></p><p>Unfortunately, investors following Miller would have been very well off had they <em>shorted</em> his favorite stocks. On average, they lost a whopping 50% while the S&amp;P lost 7% during the period.</p><p>Miller’s performance reminds active investors how humbling stock picking can be - even for investing legends. In fairness, an 18 month period for a subset of a portfolio doesn’t paint a fair picture. Miller can fall back on his record run of beating the S&amp;P 500 for 15 years in a row. And from 2009-2019 he outperformed the market with annualized returns of about 20%.</p><h2>Miller Sticks to His Blue Chip Approach</h2><p>According to the latest 13F report in March 2023 Miller Value Partners’ top five holdings were:</p><ul><li><p>OneMain Holdings (OMF) $77M</p></li><li><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group (EXPE) $75M</p></li><li><p>Amazon (AMZN) ($71M)</p></li><li><p>Taylor Morrison Home Corp (TMHC) $64M</p></li><li><p>Alphabet (GOOGL) $62M</p></li></ul><h2>Jim Rogers Was Right on <em>Every</em> Major Call</h2><p>Rogers has stayed true to form for quite some time. In his public interviews, he will discuss his macro views but says little about specific investment picks. In 2021 he railed about government spending, debt accumulation and the behavior of what he terms &#34;reckless central banks.&#34;</p><p>The table below shows Rogers’ high conviction picks and pans delivered a powerful performance over the past 18 months. His picks gained 7% while his pans declined 31%. His performance was arguably the best among the legends during this period.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/319c7b5023ea7ddd2c96bf15fabca6e2\" title=\"seekingalpha.com\" tg-width=\"640\" tg-height=\"453\"/><span>seekingalpha.com</span></p><p>Rogers correctly dissed bitcoin, SPACs and NFTs. It may feel like a distant memory, but SPACs were popular at the time with 613 SPAC IPOs in 2021. However issuance fizzled to only 86 in 2022 and a dismal 16 so far in 2023, according to spacinsider.com. The S&amp;P US SPAC index declined 18% in 2022. In addition to regulatory and economic pressures, there have been many civil litigations against SPACs.</p><h2>Rogers Still Expects the Worst Bear Market of His Lifetime and Likes Agriculture</h2><p>In a spring 2023 Kitco interview Rogers shared his views. They were consistent with what he has said for the past several years:</p><blockquote><em>Stay with what you know. Don’t listen to other people. Figure out what you know a lot about and put your money there.”</em></blockquote><p>He says, “you need to figure out how the world is changing and adapt.” Rogers says the U.S. has become the biggest debtor nation in the history of the world and “the people in Washington are forcing people away from the dollar.”</p><p>Rogers says most stocks around the world have been very strong for a long time. He thinks we are getting much closer to the end of the run and that “probably next year will be a bad year, maybe even sooner.”</p><p>Rogers says Uzbekistan “has staggering resources and is probably the best place to invest in Asian emerging markets.” When asked what is hated and cheap (which is what he likes to own), he said agriculture is the only sector that comes to mind. One proxy for ag investing (not cited by Rogers) is the Invesco DB Ag fund (DBA), a futures ETF. It gained 11% since late 2021. However, as I describe in my all-weather portfolio series, I prefer to own a mix of diversified commodity equities (GUNR) and Farmland (FPI). Another commodity equity ETF that is interesting to me is MOO. I may cover this in a future article.</p><h2>The Macro Thinkers Share Some Common Views</h2><p>The macro thinkers, Dalio, Gundlach, Gross and Rogers, share some common views:</p><ul><li><p>U.S. debt resulting from unprecedented fiscal and monetary policy presents historic levels of financial market and economic risk.</p></li><li><p>Higher inflation will be persistent, perhaps longer than the Fed and most economists think.</p></li><li><p>Exercise caution, if not strong bearishness, regarding U.S. equity investments.</p></li><li><p>Own real assets including gold, silver, and other commodities.</p></li><li><p>There are pockets of unique opportunities, including select emerging markets.</p></li><li><p>Diversify across asset classes, geographies, and currencies.</p></li></ul><h2>The Stock Picking Gurus Buy Solid Businesses and Hold Them</h2><p>Buffet, Munger and Miller continue to focus on bottoms-up stock picking. They buy and hold without concern for market direction. But investors should note that many of the high conviction picks of the gurus had middling or very poor performance during the recent bear market. Traders beware.</p><h2>Limitations</h2><p>We should be hesitant to judge the performance of the gurus based on their top picks and pans. They are based on their public comments and don’t reflect a complete view of how they are investing. They are merely a sampling of their thinking. And we are viewing a snapshot of a relatively short 18 month period.</p><h2>My Approach</h2><p>I hesitated to even put my thoughts in the same space as these legends. Their work is truly magnificent and humbling for us amateur investors. However I’ll share a few thoughts for those who don’t follow me or may want to know how to operationalize some of the wisdom here. For more details, you may wish to read some of my other SA articles.</p><p>I utilize a macro, passive, index fund-based approach, much like Dalio’s all-weather approach. My Contrarian All-Weather Portfolio employs a mix of 15% equities, 60% fixed income and 25% precious metals and commodity equities. It has 25 year annual returns of about 6%, with a maximum annual drawdown of 5% and currently yields about 4%.</p><p>In the spirit of full disclosure: the Contrarian All-Weather Portfolio matched the S&amp;P 500’s decline of 7% during the period considered here. In 2022, it helped protect investors with a 6% decline versus a drop of 18% for the S&amp;P 500 and 15% for 7-10 year Treasuries (IEF).</p><p>Please note this portfolio is designed for conservative and long-term oriented investors, such as those near or in retirement. Yet, the all-weather approach can still be utilized with different weightings of risk assets for investors with varying risk-reward preferences. I’ve written several articles on SA that describe the portfolio’s rationale, approach, and holdings. My most recent update shows how it performed during the onset of the banking crisis.</p><h2>Conclusion</h2><p>The investing legends had a mixed track record during the period considered. Big winners were Buffet, Dalio, Gundlach, Gross and Rogers, while Munger and Miller had a rough patch. Again, such short term performance should be viewed in proper context. Investing is a humbling activity and one that requires extreme patience, perspective and perseverance.</p><p>Tactical investors and those who buy individual stocks can benefit from studying the Magnificent Seven&#39;s views on current markets and their high conviction stock picks. Even the world’s most successful investors will make wrong calls. This further demonstrates how difficult it is for individual investors to beat the market.</p><p>Mere mortals such as me adopt an all-weather portfolio. I believe such an approach, followed patiently over many market cycles, is likely to meet my investing goals.</p><p>I look forward to your comments.</p><p>Editor&#39;s Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What The World's Top Investors Are Buying And Selling</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\">\nWhat The World's Top Investors Are Buying And Selling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-06 09:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4615195-what-worlds-top-investors-buying-selling-sequel><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWinners were Buffett, Dalio, Gross, Gundlach, and Rogers, while Munger and Miller had a rough stretch.Now the legends anticipate severe consequences from unprecedented debt, an eventual decline...</p>\n\n<a href=\"https://seekingalpha.com/article/4615195-what-worlds-top-investors-buying-selling-sequel\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生","09988":"阿里巴巴-W","FPI":"Farmland Partners Inc","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","DBA":"农业指数ETF-PowerShares DB","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BRK.A":"伯克希尔","OXY":"西方石油","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","BRK.B":"伯克希尔B","IEF":"债券指数ETF-iShares Barclays 7-10年","COST":"好市多","GUNR":"全球上游自然资源ETF-FlexShares","ISBC":"投资者银行","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","DBC":"商品指数ETF-PowerShares DB","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","AMZN":"亚马逊","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0823414478.USD":"法巴经典能源转换基金","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IEMG":"iShares Core MSCI Emerging Markets ETF","TSLA":"特斯拉","MU":"美光科技","PEP":"百事可乐","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","GOOGL":"谷歌A","KO":"可口可乐","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","ZM":"Zoom","LU0823411888.USD":"法巴消费创新基金 Cap","IVV":"标普500指数ETF","BK4570":"地缘局势概念股","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4576":"AR","BABA":"阿里巴巴","OMF":"OneMain Holdings, Inc","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","BK4575":"芯片概念","CVX":"雪佛龙","EXPE":"Expedia","BK4077":"互动媒体与服务","TMHC":"Taylor Morrison Home Corporation","PG":"宝洁"},"source_url":"https://seekingalpha.com/article/4615195-what-worlds-top-investors-buying-selling-sequel","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2349377736","content_text":"SummaryWinners were Buffett, Dalio, Gross, Gundlach, and Rogers, while Munger and Miller had a rough stretch.Now the legends anticipate severe consequences from unprecedented debt, an eventual decline in the dollar, persistent inflation, and a purging of speculative excesses.The stock pickers own good businesses while several others emphasize inflation protection and portfolio diversification.Here we revisit insights from seven of the world's greatest investors, taken from a variety of sources. We will look at their performance since my 2021 article and their recent high-conviction investment themes, picks and pans.The Magnificent Seven InvestorsGiven how many great investors there are, any short list will necessarily be subjective. To recap from my previous piece, I chose this group based on their track record over a long period and accessibility to their current thinking. Here are my Magnificent Seven:Warren Buffett, Chairman, Berkshire HathawayCharlie Munger, Vice Chairman, Berkshire Hathaway and Vice Chairman, The Daily JournalRay Dalio, Co-Chief Investment Officer and Chairman, Bridgewater AssociatesBill Gross, former Chairman of PIMCOJeffrey Gundlach, CEO, DoubleLine CapitalBill Miller, Chairman, Miller Value PartnersJim Rogers, co-founder of the Quantum Fund and Soros Fund ManagementBuffet Rode Chevron (CVX) to Big Gains While Bank of America SufferedAccording to the March 2023 13F filing, Berkshire Hathaway's top five holdings account for $251.9B, or 78% of the firm’s $325B equity portfolio.hedgefollow.comThe performance of Berkshire’s top equity picks was mixed. Chevron was a big winner while Bank of America was caught in the banking crisis selloff. Note that Chevron didn’t make the top five holdings list back then but Buffett had just boosted the position significantly. Buffet picked up $13B of Occidental Petroleum (OXY), about 25% of the company, over the past year. Berkshire purchased over 2.1 million shares from June 26 to June 28, with an approximate value of $122 million.Source: Seeking Alpha, Hedgefollow.comOn average, Berkshire’s top picks did well during a rough market that included a drop in the S&P 500 of 25% from December 2021 until late September 2022. The S&P 500 declined 7% but an equal weight position in Buffet’s top six gained 3%.Now Buffet Says Cash and the Dollar Are OK and the Banking System is SafeAt the May 2023 Berkshire Hathaway shareholder meeting, Buffet and Munger shared some interesting things, among them:Cash is not trash. Berkshire is sitting on its largest cash pile ever with more than $100B.The banking system is safe. Buffet said, \"I’ve got my own personal money, and I’m probably above the FDIC limit, and I’ve got it with a local bank and I don’t worry about it in the least.\" However, stockholders may not be safe:The incentives in bank regulation are so messed up and so many people have an interest in having them messed up - it's totally crazy, so we are very cautious in a situation like that about ownership.\"Dumb things create opportunities. Consistent with the firm’s large cash hoard, Buffett anticipates opportunities ahead. There were hints about the commercial real estate market opportunities ahead.The dollar is ok – for now. There is no real competition for the dollar. However, if we continue to see high inflation, confidence in the dollar may erode. This could lead to a new world order in currencies.A.I. will change the world. Buffett expects “AI will change everything in the world,” but doesn’t think it will trump human intelligence.Charlie Munger’s Top Picks and Pans All DeclinedBuffet’s running mate Munger serves as Vice Chair of Berkshire Hathaway and Chairman of the Daily Journal. Back in 2021 he liked Alibaba (BABA), Costco (COST), Zoom (ZM), and Micron Technology (MU). Alibaba was one of the Daily Journal’s top holdings at $37.4M.At the 2021 Daily Journal shareholder meeting, when asked which was priced crazier, bitcoin or Tesla (TSLA), Munger quipped, “\"I can't decide the order of precedency between a louse and a flea.\" Good call. Since that time Tesla is down 23% and bitcoin down 44%.Munger said markets are \"crazier than the dot-com boom. He said many U.S. companies were trading at 35 times earnings, with valuations the most extreme he'd seen in recent history. This proved prescient given the ensuing 2022 bear market. He also thought Treasuries were a bad investment. This was correct. Since then the iShares 7-10 year Treasury ETF is down 15%.seekingalpha.com, buffet.online.comThe table shows all Munger’s top picks declined. His picks averaged a price decline of 27%. Yet his pans declined even less, by 22% on average.Munger Continues to Hold Blue Chips and Is Skeptical of AIAt the May 2023 Berkshire shareholder meeting Munger said:We are going to see a lot more robotics in the world. I’m personally skeptical of some of the hype in AI. I think old fashioned intelligence works pretty well.”According to the SEC filing in April 2023, The Daily Journal’s portfolio held Bank of America ($66M), Wells Fargo ($60M), Alibaba ($31M) and US Bancorp ($5M). Munger’s personal portfolio includes Costco, Berkshire Hathaway, and the Daily Journal.Ray Dalio Made Prescient CallsI am an avid follower of Dalio. He is founder of arguably the world’s most successful hedge fund, Bridgewater Associates.Since he is a macro thinker, he avoids mention of specific investments, but does comment on asset classes. Therefore it isn’t easy to track performance. Dalio reserves that information for Bridgewater’s institutional and high net worth individual investors.Nonetheless, the table below shows some of the picks and pans that Dalio was clear about in his public commentaries that I researched.yahoofinance.comHe made good calls on commodities, gold, and Treasuries. Dalio said “cash is trash” but has since softened his view. Dalio said parallels between the 1940’s and today suggest higher than historical inflation. Inflation has moderated but is still running about 4%, above the long-term average and the Fed’s target.Dalio called the U.S. equity market frothy, but not yet in a bubble. This proved correct so far with the market dropping substantially then recovering. He recommended an all-weather portfolio. I subscribe to this view and wrote about this in my article series on Seeking Alpha.Dalio was uncertain about the future of bitcoin, which is down 44% since the 2021 article. Bridgewater was long commodities. A representative commodity futures equity ETF (DBC) is up 14% and my preferred vehicle, a commodity equity fund (GUNR), was up 15% last year.Dalio Likes Blue Chips and Says the Banking Crisis is Indicative of a Classic Bubble BurstingAccording to hedgefollow.com, the most recent Bridgewater 13F filing shows a highly diversified portfolio. Top holdings are:iShares Core MSCI Emerging Markets ETF (IEMG): 5.3% of the portfolio, $872MiShares Core S&P 500 ETF (IVV): 4.6%, $872MProcter & Gamble (PG): 4.5%, $752MJohnson & Johnson (JNJ): 3.4%, $556MPepsiCo (PEP): 3.1%, $511MCoca-Cola (KO): 3.1%, $505MI added Coca-Cola because it’s interesting that the position is almost as large as PepsiCo. Buffet made it one of his top picks too and he puts his mouth where his money is – he is often seen drinking the product.Dalio often posts on LinkedIn and shared his thoughts on the banking crisis:I think that it is a very classic event in the very classic bubble-bursting part of the short-term debt cycle (which lasts about seven years, give or take about three) in which the tight money to curtail credit growth and inflation leads to a self-reinforcing debt-credit contraction that takes place via a domino-falling-like contagion process that continues until central banks create easy money that negates the debt-credit contraction, thus producing more new credit and debt, which creates the seeds for the next big debt problem until these short-term cycles build up the debt assets and liabilities to the point that they are unsustainable and the whole thing collapses in a debt restructuring and debt monetization (which typically happens about once every 75 years, give or take about 25 years).\"For several years Dalio has been warning about the perils of fiscal and monetary policy. He foresees a financial crisis and a new world order on the horizon. You can read his outstanding Changing World Order LinkedIn series for all the details.Dalio shared his latest thoughts in a recent public interview with Bloomberg and another with Forbes. He expects continuing stagflation. He believes large government debt obligations and a supply-demand imbalance will exert continued upward pressure on interest rates. He is looking for a real rate of about 1% with sticky inflation of 3-4%.He says U.S. Treasury bonds are “very risky.” The Treasury plans to issue another $1.3 trillion in debt by year end. Many foreign entities have curtailed their interest in the securities, in part due to the “financial weaponization” effect. The banks are sitting on too many Treasuries at a loss and are not eager to absorb much of the supply either. This creates a significant supply-demand imbalance. He likes gold as an insurance policy and suggests a “normal” portfolio allocation of 10-15%. He continues to recommend a well-diversified all-weather portfolio.On the social and geopolitical fronts, Dalio called out the continuing U.S. political division. Not long ago, he cited the potential for some form of civil war, perhaps triggered by the next Presidential election results.Dalio is excited about AI as a “thought partner” and called it “bigger than the internet revolution.” He believes we are entering a “time warp” and says we will see a “completely different world in 5-10 years.”Bill Gross Shared Little, But Was Highly Successful“Central bankers create money out of thin air, move interest rates up and down pretending to be prescient, yet fail to regulate the industry they oversee.”Bill Gross is the original \"Bond King\" and former head of PIMCO. He has been retired for a few years and is off most investors' radar. However as noted below, we can still glean his thoughts from his website.In my 2021 article I quoted Gross: “bonds are trash and you'd be better off with alternatives like NUAN (a Microsoft acquisition likely to return 8% annualized before year end) or XLRN (a Merck acquisition likely to do the same).\" Since those stocks stopped trading, we can’t compare their performance over the full period considered. However, his other picks and pans all proved highly successful as indicated below.seekingalpha.com, williamgross.comGross is Concerned About Monetary and Fiscal Policy, and Likes Select BanksGross’ insightful missive encapsulates his latest thinking. His “Wall Street Playbill” begins by flogging the “cast of characters,” including central bankers, bankers, investment bankers, and managers of hedge, investment, mutual, money market and index funds. He empathizes with the average investor and is thankful for his time working at PIMCO.He also echoes Dalio regarding monetary and fiscal stimulus, and their consequences:Our recent global “banking crisis” is but one of an increasingly frequent series of events such as the Great Recession, the dot-com crisis, and the stock market crash of 1987 that can be traced to too much money creation, too radical financial innovation (portfolio insurance in 1987) and too many fiscal deficit bailouts.Gross says such bailouts not only necessitate, but “perpetuate and accelerate such actions.” He sees it as “extremely difficult” to return to the Fed’s historic 2% inflation target. As a result, investors should invest with expectations of 3%+ annual inflation and own TIPS rather than nominal Treasuries. They should own companies with the capacity to raise prices and maintain margins in an inflationary environment.He’d like to start a bank since it’s a “license to make money.” Now with many regional banks down 30-40%, it’s possible to own them on the cheap via the public market. He holds WAL, KRE (an ETF), SNV and PACW. But he also warned (for legal purposes) these aren’t recommendations.Jeffrey Gundlach Made Some Good Bearish CallsThe table below shows calls Gundlach made in December 2021 and how they’ve fared.seekingalpha.comGundlach was correctly bearish about Treasuries and bitcoin. He said U.S. value stocks were cheap relative to growth, given relative P/E ratios. This proved correct as value stocks dropped about 4% while the S&P declined 7%. Adding generous dividend yields, value did even better - approximately breaking even.His highest conviction idea was that the dollar will head lower over the longer-term. Since December 2021 the dollar is up about 6%. He said he would be a strong advocate of emerging market equities when the dollar moves to the downside. Since that didn’t happen, his call on emerging markets is yet to trigger.Now Gundlach Sees a Weak Economy, Likes Bonds and Is Pessimistic About StocksAfter the recent Fed meeting Gundlach weighed in on CNBC. He thinks the Fed has a bad record forecasting the Fed funds rate. Two years ago their forecast was 50-75 basis points for year-end 2023. Gundlach says “they missed it by about 450 basis points.”He also thinks the economy is much weaker than the Fed and many economists believe. Economic indicators that are “deeply in recession territory,” including hours worked, leading economic indicators, and a strongly inverted yield curve support his view. He thinks the Fed is making the same mistake they made a year and a half ago, “but in reverse.”He is looking for year-end CPI in “the low 3’s,” which would result in a very restrictive real rate of about 200 basis points if the Fed follows through on two more rate hikes. As a result, he doesn’t see the Fed boosting rates.Gundlach is bearish on U.S. equities:You’ve got the S&P 7 which is the mania craze. If you say AI, your stock goes up 20%. The stock market frankly is exhibiting signs of a mania. And it leads to a valuation which is pretty scary with an inverted yield curve with the Fed saying they’re going to raise interest rates…The S&P 500 has a PE of 19 based on forward earnings and if the economy weakens or goes into recession, those forward earnings are greatly exaggerated.\"He says he hasn’t changed his game plan for about a year and a half and likes:Systematic upgrading (of quality) in fixed income portfoliosA barbell portfolio - primarily in bonds - with 20% stocks, 60% bonds and 20% real assetsFixed income is very cheap with 5% yields on very high grade bonds with no default riskActively managed fixed income portfolio that can earn 8-10% via “the middle part of the capital structure” (presumably offered by his firm, Double Line, although Gundlach doesn’t pitch anything specific).Bill Miller’s “Ferrari” Pick and Other Hot Stocks TankedMiller has always advocated a buy and hold strategy. In late 2021 he thought we were still in a bull market and suggested investors stay the course. This came just before the onset of the vicious 2022 bear market. He said gold was a “horse and buggy, and bitcoin a Ferrari.”seekingalpha.comUnfortunately, investors following Miller would have been very well off had they shorted his favorite stocks. On average, they lost a whopping 50% while the S&P lost 7% during the period.Miller’s performance reminds active investors how humbling stock picking can be - even for investing legends. In fairness, an 18 month period for a subset of a portfolio doesn’t paint a fair picture. Miller can fall back on his record run of beating the S&P 500 for 15 years in a row. And from 2009-2019 he outperformed the market with annualized returns of about 20%.Miller Sticks to His Blue Chip ApproachAccording to the latest 13F report in March 2023 Miller Value Partners’ top five holdings were:OneMain Holdings (OMF) $77MExpedia Group (EXPE) $75MAmazon (AMZN) ($71M)Taylor Morrison Home Corp (TMHC) $64MAlphabet (GOOGL) $62MJim Rogers Was Right on Every Major CallRogers has stayed true to form for quite some time. In his public interviews, he will discuss his macro views but says little about specific investment picks. In 2021 he railed about government spending, debt accumulation and the behavior of what he terms \"reckless central banks.\"The table below shows Rogers’ high conviction picks and pans delivered a powerful performance over the past 18 months. His picks gained 7% while his pans declined 31%. His performance was arguably the best among the legends during this period.seekingalpha.comRogers correctly dissed bitcoin, SPACs and NFTs. It may feel like a distant memory, but SPACs were popular at the time with 613 SPAC IPOs in 2021. However issuance fizzled to only 86 in 2022 and a dismal 16 so far in 2023, according to spacinsider.com. The S&P US SPAC index declined 18% in 2022. In addition to regulatory and economic pressures, there have been many civil litigations against SPACs.Rogers Still Expects the Worst Bear Market of His Lifetime and Likes AgricultureIn a spring 2023 Kitco interview Rogers shared his views. They were consistent with what he has said for the past several years:Stay with what you know. Don’t listen to other people. Figure out what you know a lot about and put your money there.”He says, “you need to figure out how the world is changing and adapt.” Rogers says the U.S. has become the biggest debtor nation in the history of the world and “the people in Washington are forcing people away from the dollar.”Rogers says most stocks around the world have been very strong for a long time. He thinks we are getting much closer to the end of the run and that “probably next year will be a bad year, maybe even sooner.”Rogers says Uzbekistan “has staggering resources and is probably the best place to invest in Asian emerging markets.” When asked what is hated and cheap (which is what he likes to own), he said agriculture is the only sector that comes to mind. One proxy for ag investing (not cited by Rogers) is the Invesco DB Ag fund (DBA), a futures ETF. It gained 11% since late 2021. However, as I describe in my all-weather portfolio series, I prefer to own a mix of diversified commodity equities (GUNR) and Farmland (FPI). Another commodity equity ETF that is interesting to me is MOO. I may cover this in a future article.The Macro Thinkers Share Some Common ViewsThe macro thinkers, Dalio, Gundlach, Gross and Rogers, share some common views:U.S. debt resulting from unprecedented fiscal and monetary policy presents historic levels of financial market and economic risk.Higher inflation will be persistent, perhaps longer than the Fed and most economists think.Exercise caution, if not strong bearishness, regarding U.S. equity investments.Own real assets including gold, silver, and other commodities.There are pockets of unique opportunities, including select emerging markets.Diversify across asset classes, geographies, and currencies.The Stock Picking Gurus Buy Solid Businesses and Hold ThemBuffet, Munger and Miller continue to focus on bottoms-up stock picking. They buy and hold without concern for market direction. But investors should note that many of the high conviction picks of the gurus had middling or very poor performance during the recent bear market. Traders beware.LimitationsWe should be hesitant to judge the performance of the gurus based on their top picks and pans. They are based on their public comments and don’t reflect a complete view of how they are investing. They are merely a sampling of their thinking. And we are viewing a snapshot of a relatively short 18 month period.My ApproachI hesitated to even put my thoughts in the same space as these legends. Their work is truly magnificent and humbling for us amateur investors. However I’ll share a few thoughts for those who don’t follow me or may want to know how to operationalize some of the wisdom here. For more details, you may wish to read some of my other SA articles.I utilize a macro, passive, index fund-based approach, much like Dalio’s all-weather approach. My Contrarian All-Weather Portfolio employs a mix of 15% equities, 60% fixed income and 25% precious metals and commodity equities. It has 25 year annual returns of about 6%, with a maximum annual drawdown of 5% and currently yields about 4%.In the spirit of full disclosure: the Contrarian All-Weather Portfolio matched the S&P 500’s decline of 7% during the period considered here. In 2022, it helped protect investors with a 6% decline versus a drop of 18% for the S&P 500 and 15% for 7-10 year Treasuries (IEF).Please note this portfolio is designed for conservative and long-term oriented investors, such as those near or in retirement. Yet, the all-weather approach can still be utilized with different weightings of risk assets for investors with varying risk-reward preferences. I’ve written several articles on SA that describe the portfolio’s rationale, approach, and holdings. My most recent update shows how it performed during the onset of the banking crisis.ConclusionThe investing legends had a mixed track record during the period considered. Big winners were Buffet, Dalio, Gundlach, Gross and Rogers, while Munger and Miller had a rough patch. Again, such short term performance should be viewed in proper context. Investing is a humbling activity and one that requires extreme patience, perspective and perseverance.Tactical investors and those who buy individual stocks can benefit from studying the Magnificent Seven's views on current markets and their high conviction stock picks. Even the world’s most successful investors will make wrong calls. This further demonstrates how difficult it is for individual investors to beat the market.Mere mortals such as me adopt an all-weather portfolio. I believe such an approach, followed patiently over many market cycles, is likely to meet my investing goals.I look forward to your comments.Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":582,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192836708532416,"gmtCreate":1688108942892,"gmtModify":1688108946845,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Buy boths and keep for long term sure win","listText":"Buy boths and keep for long term sure win","text":"Buy boths and keep for long term sure win","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192836708532416","repostId":"2347384537","repostType":2,"repost":{"id":"2347384537","kind":"highlight","pubTimestamp":1688086899,"share":"https://ttm.financial/m/news/2347384537?lang=&edition=fundamental","pubTime":"2023-06-30 09:01","market":"us","language":"en","title":"Want to Get Richer? 2 Top AI Stocks to Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2347384537","media":"Motley Fool","summary":"Artificial intelligence (AI) appears to have real potential to go down as this decade's most disruptive technology trend. It also has the potential to be a huge moneymaker for investors who put money ","content":"<html><head></head><body><p>Artificial intelligence (AI) appears to have real potential to go down as this decade&#39;s most disruptive technology trend. It also has the potential to be a huge moneymaker for investors who put money behind the right companies. Some players in the space have already scored big rallies this year, but there&#39;s an incredible shift underway that&#39;s just heating up.</p><p>With that in mind, read on to see why two Motley Fool contributors identified these two companies as among the best AI stocks to buy right now. </p><h2>1. TSMC is a great pick-and-shovel play in the AI space</h2><p><strong>Keith Noonan: Taiwan Semiconductor Manufacturing</strong>, or TSMC as it&#39;s often called, stands as the far-and-away leader in the semiconductor fabrication space. While tech leaders including <strong>Nvidia</strong>, <strong>Advanced Micro Devices</strong>, <strong>Amazon</strong>, <strong>Apple</strong>, and <strong>Microsoft</strong> are all devoting resources to the development of cutting-edge AI chips, none of these companies have the infrastructure needed to manufacture their own semiconductors. All of these companies turn to TSMC for fabrication services and will likely continue to do so for many years to come. </p><p>Right now, TSMC accounts for roughly 60% of the global contract chip fabrication market. It&#39;s also capturing more than 90% of the contract foundry services market for the fabrication of the kinds of high-end semiconductor designs that are pushing the AI revolution forward. </p><p>Demand for AI-related semiconductor fabrication is already picking up. Orders from Nvidia pushed the utilization of TSMC&#39;s 5-nanometer chip transistor production capacity to between 70% and 80% -- up from roughly 50% before the order surge. Demand from Nvidia will almost certainly remain high, and orders from other big tech players will likely start pouring in, as well. </p><p>Even after rallying roughly 37% year to date, TSMC still trades at a reasonable 20x this year&#39;s expected earnings. Looking a bit further ahead, the company is valued at around 16x next year&#39;s expected profits. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00df44ecfca6132e8bd2e231bdd445eb\" tg-width=\"720\" tg-height=\"433\"/></p><p>TSM PE Ratio (Forward 1y) data by YCharts.</p><p>Despite surging demand for AI chips, the global semiconductor market is expected to see a relatively small cyclical contraction this year. But AI trends and rebounding demand in other categories are expected to spur a return to growth next year.</p><p>With TSMC set to benefit from some powerful demand tailwinds, the stock stands out as a smart pick-and-shovel bet on the unfolding AI revolution. </p><h2>2. Alphabet&#39;s products are better with AI</h2><p><strong>Parkev Tatevosian:</strong> With the expanded interest in AI, management for just about every company operating in this space is emphasizing how their companies will benefit from the rising effectiveness of AI. That said, the number of companies that will <em>actually</em> benefit from AI is a much more selective set. One AI stock in this latter group is <strong>Alphabet</strong>. </p><p>Alphabet has two primary revenue engines at the moment, Google Search and YouTube. Each has already shown it can enhance the value it offers both users and advertisers in how it already implements AI. For instance, YouTube uses AI to generate its list of recommended videos it thinks you&#39;ll likely want to watch. YouTube, of course, makes most of its money showing advertisements to users engaged on the platform. The better it is at getting you to watch more of them, the more revenue it can generate. Similarly, Google Search uses AI to find results from your search queries it thinks best fit your needs. The powerful search engine also makes money from advertising. Users who are satisfied with the search query results will likely return more often. </p><p>But Alphabet is not just Google and YouTube and its exploration of how it can put AI to use doesn&#39;t stop there. Alphabet is incorporating AI technologies and machine learning into Google Cloud to offer its customers more sophisticated and personalized services. It&#39;s using AI to provide enhanced security and threat detection, which is increasingly important as businesses face more advanced cyber threats. Its Waymo autonomous vehicles are all about using AI to operate vehicles safely and efficiently. Its Verily Life Science division uses AI to analyze large amounts of medical data to develop new treatments and cures for various diseases. In all these cases, AI is integral to its potential for growth.</p><p>Alphabet has already proven it has a lucrative business model. The company&#39;s revenue soared from $56 billion to $283 billion in the last decade. At the same time, its operating income jumped from $15.4 billion to $74.8 billion. As the company continues to use and improve its AI to enhance its efforts, Alphabet&#39;s prospects over the next decade look enticing.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b16c13b578bef53812d4484ce84b4e3\" tg-width=\"720\" tg-height=\"433\"/></p><p>GOOG PE Ratio (Forward) data by YCharts.</p><p>Moreover, investors can get Alphabet stock at a reasonable valuation of a forward price-to-earnings ratio of 23. It&#39;s no surprise why Alphabet is one of my favorite AI stocks to buy right now. </p><h2>Don&#39;t underestimate the long-term AI opportunity</h2><p>While some smaller companies will undoubtedly score disruptive wins with artificial intelligence, the resource-intensive nature of the technology category suggests that established tech giants will wind up being AI&#39;s biggest winners. To that end, TSMC and Alphabet each have deep resources and powerful competitive advantages that could be enhanced by the evolution of AI. Even better, both companies are also trading at valuation levels that leave the door open for long-term investors to see very strong returns. </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>Want to Get Richer? 2 Top AI 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\">\nWant to Get Richer? 2 Top AI Stocks to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-30 09:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/06/29/want-to-get-richer-2-top-ai-stocks-to-buy-right-no/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Artificial intelligence (AI) appears to have real potential to go down as this decade's most disruptive technology trend. It also has the potential to be a huge moneymaker for investors who put money ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/06/29/want-to-get-richer-2-top-ai-stocks-to-buy-right-no/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.fool.com/investing/2023/06/29/want-to-get-richer-2-top-ai-stocks-to-buy-right-no/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2347384537","content_text":"Artificial intelligence (AI) appears to have real potential to go down as this decade's most disruptive technology trend. It also has the potential to be a huge moneymaker for investors who put money behind the right companies. Some players in the space have already scored big rallies this year, but there's an incredible shift underway that's just heating up.With that in mind, read on to see why two Motley Fool contributors identified these two companies as among the best AI stocks to buy right now. 1. TSMC is a great pick-and-shovel play in the AI spaceKeith Noonan: Taiwan Semiconductor Manufacturing, or TSMC as it's often called, stands as the far-and-away leader in the semiconductor fabrication space. While tech leaders including Nvidia, Advanced Micro Devices, Amazon, Apple, and Microsoft are all devoting resources to the development of cutting-edge AI chips, none of these companies have the infrastructure needed to manufacture their own semiconductors. All of these companies turn to TSMC for fabrication services and will likely continue to do so for many years to come. Right now, TSMC accounts for roughly 60% of the global contract chip fabrication market. It's also capturing more than 90% of the contract foundry services market for the fabrication of the kinds of high-end semiconductor designs that are pushing the AI revolution forward. Demand for AI-related semiconductor fabrication is already picking up. Orders from Nvidia pushed the utilization of TSMC's 5-nanometer chip transistor production capacity to between 70% and 80% -- up from roughly 50% before the order surge. Demand from Nvidia will almost certainly remain high, and orders from other big tech players will likely start pouring in, as well. Even after rallying roughly 37% year to date, TSMC still trades at a reasonable 20x this year's expected earnings. Looking a bit further ahead, the company is valued at around 16x next year's expected profits. TSM PE Ratio (Forward 1y) data by YCharts.Despite surging demand for AI chips, the global semiconductor market is expected to see a relatively small cyclical contraction this year. But AI trends and rebounding demand in other categories are expected to spur a return to growth next year.With TSMC set to benefit from some powerful demand tailwinds, the stock stands out as a smart pick-and-shovel bet on the unfolding AI revolution. 2. Alphabet's products are better with AIParkev Tatevosian: With the expanded interest in AI, management for just about every company operating in this space is emphasizing how their companies will benefit from the rising effectiveness of AI. That said, the number of companies that will actually benefit from AI is a much more selective set. One AI stock in this latter group is Alphabet. Alphabet has two primary revenue engines at the moment, Google Search and YouTube. Each has already shown it can enhance the value it offers both users and advertisers in how it already implements AI. For instance, YouTube uses AI to generate its list of recommended videos it thinks you'll likely want to watch. YouTube, of course, makes most of its money showing advertisements to users engaged on the platform. The better it is at getting you to watch more of them, the more revenue it can generate. Similarly, Google Search uses AI to find results from your search queries it thinks best fit your needs. The powerful search engine also makes money from advertising. Users who are satisfied with the search query results will likely return more often. But Alphabet is not just Google and YouTube and its exploration of how it can put AI to use doesn't stop there. Alphabet is incorporating AI technologies and machine learning into Google Cloud to offer its customers more sophisticated and personalized services. It's using AI to provide enhanced security and threat detection, which is increasingly important as businesses face more advanced cyber threats. Its Waymo autonomous vehicles are all about using AI to operate vehicles safely and efficiently. Its Verily Life Science division uses AI to analyze large amounts of medical data to develop new treatments and cures for various diseases. In all these cases, AI is integral to its potential for growth.Alphabet has already proven it has a lucrative business model. The company's revenue soared from $56 billion to $283 billion in the last decade. At the same time, its operating income jumped from $15.4 billion to $74.8 billion. As the company continues to use and improve its AI to enhance its efforts, Alphabet's prospects over the next decade look enticing.GOOG PE Ratio (Forward) data by YCharts.Moreover, investors can get Alphabet stock at a reasonable valuation of a forward price-to-earnings ratio of 23. It's no surprise why Alphabet is one of my favorite AI stocks to buy right now. Don't underestimate the long-term AI opportunityWhile some smaller companies will undoubtedly score disruptive wins with artificial intelligence, the resource-intensive nature of the technology category suggests that established tech giants will wind up being AI's biggest winners. To that end, TSMC and Alphabet each have deep resources and powerful competitive advantages that could be enhanced by the evolution of AI. Even better, both companies are also trading at valuation levels that leave the door open for long-term investors to see very strong returns.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":766235112767664,"gmtCreate":1687773723073,"gmtModify":1687773726622,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Wonder how much is each battery swap stations cost","listText":"Wonder how much is each battery swap stations cost","text":"Wonder how much is each battery swap stations cost","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/766235112767664","repostId":"2346051454","repostType":2,"repost":{"id":"2346051454","kind":"highlight","pubTimestamp":1687770421,"share":"https://ttm.financial/m/news/2346051454?lang=&edition=fundamental","pubTime":"2023-06-26 17:07","market":"us","language":"en","title":"Nio Reaches 1,500 Swap Stations in China As It Aims for 2,300 By Year-End","url":"https://stock-news.laohu8.com/highlight/detail?id=2346051454","media":"CnEVPost","summary":"Nio's battery swap stations in China have served a cumulative total of more than 24 million times today, averaging more than 50,000 services per day.\n...","content":"<html><head></head><body><blockquote>Nio&#39;s battery swap stations in China have served a cumulative total of more than 24 million times today, averaging more than 50,000 services per day.</blockquote><p><a href=\"https://laohu8.com/S/NIO\">Nio</a> has reached a new milestone in the number of battery swap stations in China, as it continues to build its iconic replenishment facility.</p><p>Nio today put five new battery swap stations into operation in China, bringing the total to 1,500, 410 of which are located along highways, according to data released today by the electric vehicle (EV) maker.</p><p>At the same time, Nio&#39;s battery swap stations in China have accumulated more than 24 million services today, averaging more than 50,000 services per day.</p><p>On average, a vehicle leaves Nio&#39;s battery swap stations with a fully charged battery every 1.8 seconds, the company said, adding that more than 60 percent of NIO vehicles&#39; power comes from these stations.</p><p>Currently, 72.44 percent of Nio owners can find a battery swap station within 3 kilometers of their home or office, Nio said.</p><p>Here&#39;s a video Nio shared on its mobile app about the historical changes in the number of its battery swap stations.</p><p>In addition to providing Nio owners with fully charged batteries, battery swap stations are small, distributed energy storage sites.</p><p>Nio&#39;s 1,500 battery swap stations can store a total of about 1.36 million kWh of energy, saving about RMB 300 million yuan a year in electricity costs in China, considering that electricity costs are lower at night, the company said.</p><p>These stations can also participate in load regulation on the grid, helping it accommodate more electricity generated from clean energy sources such as wind and photovoltaics, Nio said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87ecf85a6cc534d176b76c07aaae1729\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Nio allows consumers to purchase vehicles that include batteries, or rent batteries without buying them. In addition, the company allows owners who have purchased or leased a 70-kWh or 75-kWh standard-range battery pack the flexibility to upgrade to a 100-kWh long-range pack.</p><p>To date, Nio has provided more than 80,000 flexible battery upgrades, it said.</p><p>Nio also put 10 supercharging stations into operation today, bringing the total to 1,450, offering 7,156 charging piles. It added an additional 2 destination charging stations today, bringing the total to 1,277, offering 9,048 charging piles.</p><p>Nio completed its first battery swap station in Shenzhen on May 20, 2018. Its initial 200 battery swap stations are first-generation facilities, with its first second-generation battery swap station coming into operation on April 15, 2021.</p><p>Nio&#39;s third-generation battery swap station, unveiled at the Nio Day 2022 event on December 24, 2022, can store up to 21 battery packs, up from 13 in its previous generation and five in the first generation of the facility. These latest-generation stations began operations on April 12.</p><p>Nio announced plans late last year to add 400 battery swap stations by 2023, though that plan was raised to 1,000 on February 21.</p><p>William Li, Nio&#39;s founder, chairman and CEO, said at the time that the company would further accelerate the deployment of battery swap stations, with a goal of having more than 2,300 battery swap stations in China by the end of 2023.</p><p>The company will deploy about 100 battery swap stations in June and more quickly thereafter, which will help boost sales, Li said during Nio&#39;s first-quarter earnings call on June 9.</p><p>Nio has added a total of 52 battery swap stations so far this month, according to data monitored by CnEVPost.</p><p>Nio added a battery swap station in the Netherlands on June 22, bringing the number of such stations in the country to six.</p><p>To date, Nio has 17 battery swap stations and 8 charging stations in Europe.</p></body></html>","source":"cnevpost_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>Nio Reaches 1,500 Swap Stations in China As It Aims for 2,300 By Year-End</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\">\nNio Reaches 1,500 Swap Stations in China As It Aims for 2,300 By Year-End\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-26 17:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2023/06/25/nio-reaches-1500-swap-stations-in-china/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio's battery swap stations in China have served a cumulative total of more than 24 million times today, averaging more than 50,000 services per day.Nio has reached a new milestone in the number of ...</p>\n\n<a href=\"https://cnevpost.com/2023/06/25/nio-reaches-1500-swap-stations-in-china/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://cnevpost.com/2023/06/25/nio-reaches-1500-swap-stations-in-china/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2346051454","content_text":"Nio's battery swap stations in China have served a cumulative total of more than 24 million times today, averaging more than 50,000 services per day.Nio has reached a new milestone in the number of battery swap stations in China, as it continues to build its iconic replenishment facility.Nio today put five new battery swap stations into operation in China, bringing the total to 1,500, 410 of which are located along highways, according to data released today by the electric vehicle (EV) maker.At the same time, Nio's battery swap stations in China have accumulated more than 24 million services today, averaging more than 50,000 services per day.On average, a vehicle leaves Nio's battery swap stations with a fully charged battery every 1.8 seconds, the company said, adding that more than 60 percent of NIO vehicles' power comes from these stations.Currently, 72.44 percent of Nio owners can find a battery swap station within 3 kilometers of their home or office, Nio said.Here's a video Nio shared on its mobile app about the historical changes in the number of its battery swap stations.In addition to providing Nio owners with fully charged batteries, battery swap stations are small, distributed energy storage sites.Nio's 1,500 battery swap stations can store a total of about 1.36 million kWh of energy, saving about RMB 300 million yuan a year in electricity costs in China, considering that electricity costs are lower at night, the company said.These stations can also participate in load regulation on the grid, helping it accommodate more electricity generated from clean energy sources such as wind and photovoltaics, Nio said.Nio allows consumers to purchase vehicles that include batteries, or rent batteries without buying them. In addition, the company allows owners who have purchased or leased a 70-kWh or 75-kWh standard-range battery pack the flexibility to upgrade to a 100-kWh long-range pack.To date, Nio has provided more than 80,000 flexible battery upgrades, it said.Nio also put 10 supercharging stations into operation today, bringing the total to 1,450, offering 7,156 charging piles. It added an additional 2 destination charging stations today, bringing the total to 1,277, offering 9,048 charging piles.Nio completed its first battery swap station in Shenzhen on May 20, 2018. Its initial 200 battery swap stations are first-generation facilities, with its first second-generation battery swap station coming into operation on April 15, 2021.Nio's third-generation battery swap station, unveiled at the Nio Day 2022 event on December 24, 2022, can store up to 21 battery packs, up from 13 in its previous generation and five in the first generation of the facility. These latest-generation stations began operations on April 12.Nio announced plans late last year to add 400 battery swap stations by 2023, though that plan was raised to 1,000 on February 21.William Li, Nio's founder, chairman and CEO, said at the time that the company would further accelerate the deployment of battery swap stations, with a goal of having more than 2,300 battery swap stations in China by the end of 2023.The company will deploy about 100 battery swap stations in June and more quickly thereafter, which will help boost sales, Li said during Nio's first-quarter earnings call on June 9.Nio has added a total of 52 battery swap stations so far this month, according to data monitored by CnEVPost.Nio added a battery swap station in the Netherlands on June 22, bringing the number of such stations in the country to six.To date, Nio has 17 battery swap stations and 8 charging stations in Europe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189303834787992,"gmtCreate":1687242280184,"gmtModify":1687242284281,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Thank and very detailed informative.","listText":"Thank and very detailed informative.","text":"Thank and very detailed informative.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189303834787992","repostId":"2344416931","repostType":2,"repost":{"id":"2344416931","kind":"highlight","pubTimestamp":1687239907,"share":"https://ttm.financial/m/news/2344416931?lang=&edition=fundamental","pubTime":"2023-06-20 13:45","market":"us","language":"en","title":"NIO: Challenges Must Be Faced","url":"https://stock-news.laohu8.com/highlight/detail?id=2344416931","media":"Seeking Alpha","summary":"Getty Images/Getty Images News Introduction My thesis is that NIO (NYSE:NIO) faces challenges with consumer preferences, large competitors, pricing power and gross margins. Much of the message from my","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>NIO faces challenges with consumer preferences, large competitors, pricing power, and gross margins.</p></li><li><p>The company struggles with competition from BYD and Tesla, and consumer preferences for high-end PHEVs over high-end BEVs.</p></li><li><p>NIO&#39;s valuation is uncertain due to net losses, volatility of gross profit, and the viability of its battery as a service business.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17c161dde7ed77ecdefcfa31255d0858\" alt=\"Getty Images/Getty Images News\" title=\"Getty Images/Getty Images News\" tg-width=\"750\" tg-height=\"500\"/><span>Getty Images/Getty Images News</span></p><h2>Introduction</h2><p>My thesis is that NIO (NYSE:NIO) faces challenges with consumer preferences, large competitors, pricing power and gross margins.</p><p>Much of the message from my December article remains true. NIO is increasing unit sales of high-end BEVs but the rate of increase has been mild relative to what we&#39;ve seen from other OEMs in China.</p><p>At the time of this writing, RMB 1,000 is equivalent to about $140.</p><h2>Consumer Preferences</h2><p>A WSJ article by Greg Ip allows readers to visualize the fact that all of NIO&#39;s new energy vehicles (&#34;NEVs&#34;) are battery electric vehicles (&#34;BEVs&#34;) while a little more than half of BYD&#39;s (OTCPK:BYDDY) NEVs are plug-in-hybrid vehicles (&#34;PHEVs&#34;) instead of BEVs:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72c178805259ddee176faeed72bc4d61\" alt=\"China NEVs (WSJ)\" title=\"China NEVs (WSJ)\" tg-width=\"640\" tg-height=\"671\"/><span>China NEVs (WSJ)</span></p><p>The NEV market is expanding in China and BEVs make up a bigger part of this market than PHEVs. Citing CAAM, the GAC 2022 Results Presentation shows sales of 19,977,000 vehicles in China for 2022. 6,887,000 of these were NEVs and nearly 80% of these NEVs were BEVs such that the BEV total was 5,365,000:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aeb6ec6db124b683e82f20379fb5ac49\" alt=\"China BEVs (GAC 2022 Results Presentation)\" title=\"China BEVs (GAC 2022 Results Presentation)\" tg-width=\"640\" tg-height=\"336\"/><span>China BEVs (GAC 2022 Results Presentation)</span></p><p>The NEV market is even bigger in 2023 but unfortunately for NIO, much of this increase is from PHEVs and low-end BEVs as opposed to high-end BEVs. A June article from CnEVPost talks about this:</p><blockquote>Based on our analysis of the premium SUV market (&gt;300k RMB), the BEV mix is only 12% YTD, compared with PHEV (includes EREV) at 18%, leaving 70% for ICE. This compares with the overall market that is 21% BEV and 10% PHEV, showing customer preferences are quite different depending on the sub-segment.</blockquote><p>Said another way, CnEVPost is saying premium SUV NEVs are about 30% of the market so far in 2023 with the remainder being ICE and the NEV breakdown is 12% BEV and 18% PHEV. This compares to the overall NEV segment that is about 31% of the market with a breakdown that is 21% BEV and just 10% PHEV. This means companies like BYD that sell both BEVs and PHEVs at various price points have many sales opportunities that NIO does not.</p><h2>Large Competitors</h2><p>Given consumer preferences for high-end PHEVs over high-end BEVs above, large companies like BYD are advantaged with respect to NIO in terms of increasing unit sales. The growth of another large competitor, Tesla (TSLA), is more concerning than BYD in some ways because Tesla also offers high-end BEVs although the Tesla Model 3 is a little less expensive than the typical NIO vehicle. The CPCA shows that BYD and Tesla are outperforming everyone with January to May NEV sales of 923,343 units and 219,893 units, respectively. Their YoY growth rates are both over 80% which is especially impressive given the fact that they both started with large bases last year. Parts of the Google Translate text are hard to read below but the #5 position belongs to Geely Auto and NIO is way down at #10 with a YoY growth rate of 15.8% which is more modest:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6bbc3c10c6c39b4ea63ed5d58c762fc5\" alt=\"China NEVs (CPCA)\" title=\"China NEVs (CPCA)\" tg-width=\"640\" tg-height=\"925\"/><span>China NEVs (CPCA)</span></p><p>In addition to BYD and Tesla, NIO also has to contend with GAC Aion whose YoY growth rate is over 100%. SAIC-GM-Wuling is shown as #4 above but I don&#39;t pay much attention to them seeing as most of their units are more like golf carts than automobiles. Geely Auto and Changan are #5 and #7 above and they are working together on electrification so this is yet another formidable interest.</p><h2>Pricing Power</h2><p>NIO&#39;s 1Q23 announcement shows deliveries increased from 25,768 in 1Q22 up to 31,041 in 1Q23. However, vehicle sales on the income statement were fairly flat, going from RMB 9,244 million to RMB 9,224. Rounding to the nearest RMB 10,000, this comes out to about RMB 360 thousand per vehicle for 1Q22 and about RMB 300 thousand per vehicle for 1Q23. This decline in price is concerning:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38784473e8905ab352f7becdd4393ec9\" alt=\"NIO Income Statement (1Q23 announcement)\" title=\"NIO Income Statement (1Q23 announcement)\" tg-width=\"640\" tg-height=\"650\"/><span>NIO Income Statement (1Q23 announcement)</span></p><h2>Gross Margin</h2><p>Obviously the decline in sales price above hurts the gross margin. In addition, the 2022 annual report says the vehicle gross margin fell by about 3.8% in 2022 due to the increased battery cost per vehicle:</p><blockquote>Vehicle margin in 2022 was 13.7%, compared with 20.1% in 2021. The decrease of vehicle margin as compared to 2021 was mainly driven by (i) the increased battery cost per vehicle with negative impact of around 3.8%, and (ii) the increased inventory provisions, accelerated depreciation on production facilities, and losses on purchase commitments for the existing generation of ES8, ES6 and EC6 which are expected to have lower production levels and deliveries due to their transition to new models under NT2.0, with a negative impact of 2.2% on vehicle margin.</blockquote><h2>Valuation</h2><p>The 2022 annual report shows revenue climbing nicely from 2020 to 2021 and again from 2021 to 2022:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c151156761a9b83ee8b2a1b6e061bab\" alt=\"NIO Financials (2022 annual report)\" title=\"NIO Financials (2022 annual report)\" tg-width=\"640\" tg-height=\"697\"/><span>NIO Financials (2022 annual report)</span></p><p>Unfortunately, revenue was fairly flat from 1Q22 to 1Q23. Trailing twelve-month (&#34;TTM&#34;) net loss, gross profit and revenue were RMB (17,394) million, RMB 3,859 million and RMB 50,034 million, respectively. This comes from RMB (4,740) million + RMB (14,437) million - RMB (1,783) million, RMB 162 million + RMB 5,144 million - RMB 1,447 million and RMB 10,676 million + RMB 49,269 million - RMB 9,911 million, respectively. This TTM revenue figure is equivalent to about $7 billion and it&#39;s hard to say what NIO is worth given the net losses and the volatility of the gross profit. Additionally, JAC does the manufacturing for NIO so some of the economics are obfuscated. Finally, the viability of the battery as a service (&#34;BaaS&#34;) business is hard to predict.</p><p>The 1Q23 announcement uses 1,649,309,669 as the weighted average number of ordinary shares. Also, the 2022 annual report shows 1,719,105,680 shares outstanding as of December 31st made up of 1,570,605,680 Class A plus 148,500,000 Class C. Multiplying this by the June 16th share price of $9.40 gives us a market cap in excess of $16 billion.</p><p>I view NIO as a hold for now seeing as there are a large number of uncertainties that complicate the picture with respect to buying or selling.</p><p>Forward-looking investors should check the updates from the annual general meeting on June 26th.</p><p><em>This article is written by </em><strong><em>Eric Sprague</em></strong><em> for reference only. Please note the risks.</em></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO: Challenges Must Be Faced</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\">\nNIO: Challenges Must Be Faced\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-20 13:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4612296-nio-challenges-must-be-faced><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNIO faces challenges with consumer preferences, large competitors, pricing power, and gross margins.The company struggles with competition from BYD and Tesla, and consumer preferences for high-...</p>\n\n<a href=\"https://seekingalpha.com/article/4612296-nio-challenges-must-be-faced\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4527":"明星科技股","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4550":"红杉资本持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4588":"碎股","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","NIO.SI":"蔚来","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","NIO":"蔚来","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4504":"桥水持仓","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4099":"汽车制造商","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4548":"巴美列捷福持仓","BK4505":"高瓴资本持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0052750758.USD":"富兰克林中国基金A Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4532":"文艺复兴科技持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4531":"中概回港概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","09866":"蔚来-SW","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC"},"source_url":"https://seekingalpha.com/article/4612296-nio-challenges-must-be-faced","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2344416931","content_text":"SummaryNIO faces challenges with consumer preferences, large competitors, pricing power, and gross margins.The company struggles with competition from BYD and Tesla, and consumer preferences for high-end PHEVs over high-end BEVs.NIO's valuation is uncertain due to net losses, volatility of gross profit, and the viability of its battery as a service business.Getty Images/Getty Images NewsIntroductionMy thesis is that NIO (NYSE:NIO) faces challenges with consumer preferences, large competitors, pricing power and gross margins.Much of the message from my December article remains true. NIO is increasing unit sales of high-end BEVs but the rate of increase has been mild relative to what we've seen from other OEMs in China.At the time of this writing, RMB 1,000 is equivalent to about $140.Consumer PreferencesA WSJ article by Greg Ip allows readers to visualize the fact that all of NIO's new energy vehicles (\"NEVs\") are battery electric vehicles (\"BEVs\") while a little more than half of BYD's (OTCPK:BYDDY) NEVs are plug-in-hybrid vehicles (\"PHEVs\") instead of BEVs:China NEVs (WSJ)The NEV market is expanding in China and BEVs make up a bigger part of this market than PHEVs. Citing CAAM, the GAC 2022 Results Presentation shows sales of 19,977,000 vehicles in China for 2022. 6,887,000 of these were NEVs and nearly 80% of these NEVs were BEVs such that the BEV total was 5,365,000:China BEVs (GAC 2022 Results Presentation)The NEV market is even bigger in 2023 but unfortunately for NIO, much of this increase is from PHEVs and low-end BEVs as opposed to high-end BEVs. A June article from CnEVPost talks about this:Based on our analysis of the premium SUV market (>300k RMB), the BEV mix is only 12% YTD, compared with PHEV (includes EREV) at 18%, leaving 70% for ICE. This compares with the overall market that is 21% BEV and 10% PHEV, showing customer preferences are quite different depending on the sub-segment.Said another way, CnEVPost is saying premium SUV NEVs are about 30% of the market so far in 2023 with the remainder being ICE and the NEV breakdown is 12% BEV and 18% PHEV. This compares to the overall NEV segment that is about 31% of the market with a breakdown that is 21% BEV and just 10% PHEV. This means companies like BYD that sell both BEVs and PHEVs at various price points have many sales opportunities that NIO does not.Large CompetitorsGiven consumer preferences for high-end PHEVs over high-end BEVs above, large companies like BYD are advantaged with respect to NIO in terms of increasing unit sales. The growth of another large competitor, Tesla (TSLA), is more concerning than BYD in some ways because Tesla also offers high-end BEVs although the Tesla Model 3 is a little less expensive than the typical NIO vehicle. The CPCA shows that BYD and Tesla are outperforming everyone with January to May NEV sales of 923,343 units and 219,893 units, respectively. Their YoY growth rates are both over 80% which is especially impressive given the fact that they both started with large bases last year. Parts of the Google Translate text are hard to read below but the #5 position belongs to Geely Auto and NIO is way down at #10 with a YoY growth rate of 15.8% which is more modest:China NEVs (CPCA)In addition to BYD and Tesla, NIO also has to contend with GAC Aion whose YoY growth rate is over 100%. SAIC-GM-Wuling is shown as #4 above but I don't pay much attention to them seeing as most of their units are more like golf carts than automobiles. Geely Auto and Changan are #5 and #7 above and they are working together on electrification so this is yet another formidable interest.Pricing PowerNIO's 1Q23 announcement shows deliveries increased from 25,768 in 1Q22 up to 31,041 in 1Q23. However, vehicle sales on the income statement were fairly flat, going from RMB 9,244 million to RMB 9,224. Rounding to the nearest RMB 10,000, this comes out to about RMB 360 thousand per vehicle for 1Q22 and about RMB 300 thousand per vehicle for 1Q23. This decline in price is concerning:NIO Income Statement (1Q23 announcement)Gross MarginObviously the decline in sales price above hurts the gross margin. In addition, the 2022 annual report says the vehicle gross margin fell by about 3.8% in 2022 due to the increased battery cost per vehicle:Vehicle margin in 2022 was 13.7%, compared with 20.1% in 2021. The decrease of vehicle margin as compared to 2021 was mainly driven by (i) the increased battery cost per vehicle with negative impact of around 3.8%, and (ii) the increased inventory provisions, accelerated depreciation on production facilities, and losses on purchase commitments for the existing generation of ES8, ES6 and EC6 which are expected to have lower production levels and deliveries due to their transition to new models under NT2.0, with a negative impact of 2.2% on vehicle margin.ValuationThe 2022 annual report shows revenue climbing nicely from 2020 to 2021 and again from 2021 to 2022:NIO Financials (2022 annual report)Unfortunately, revenue was fairly flat from 1Q22 to 1Q23. Trailing twelve-month (\"TTM\") net loss, gross profit and revenue were RMB (17,394) million, RMB 3,859 million and RMB 50,034 million, respectively. This comes from RMB (4,740) million + RMB (14,437) million - RMB (1,783) million, RMB 162 million + RMB 5,144 million - RMB 1,447 million and RMB 10,676 million + RMB 49,269 million - RMB 9,911 million, respectively. This TTM revenue figure is equivalent to about $7 billion and it's hard to say what NIO is worth given the net losses and the volatility of the gross profit. Additionally, JAC does the manufacturing for NIO so some of the economics are obfuscated. Finally, the viability of the battery as a service (\"BaaS\") business is hard to predict.The 1Q23 announcement uses 1,649,309,669 as the weighted average number of ordinary shares. Also, the 2022 annual report shows 1,719,105,680 shares outstanding as of December 31st made up of 1,570,605,680 Class A plus 148,500,000 Class C. Multiplying this by the June 16th share price of $9.40 gives us a market cap in excess of $16 billion.I view NIO as a hold for now seeing as there are a large number of uncertainties that complicate the picture with respect to buying or selling.Forward-looking investors should check the updates from the annual general meeting on June 26th.This article is written by Eric Sprague for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183037360214056,"gmtCreate":1685708022072,"gmtModify":1685708027389,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Yes agreed TSMC can join the 1Trillion club &nbsp;and also now the share price is under valued&nbsp;","listText":"Yes agreed TSMC can join the 1Trillion club &nbsp;and also now the share price is under valued&nbsp;","text":"Yes agreed TSMC can join the 1Trillion club and also now the share price is under valued","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183037360214056","repostId":"2340620620","repostType":2,"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182207724855312,"gmtCreate":1685493609018,"gmtModify":1685493612791,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Keep up the good work","listText":"Keep up the good work","text":"Keep up the good work","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182207724855312","repostId":"1156376926","repostType":2,"repost":{"id":"1156376926","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":1685454010,"share":"https://ttm.financial/m/news/1156376926?lang=&edition=fundamental","pubTime":"2023-05-30 21:40","market":"us","language":"en","title":"Tiger Brokers Surged 18% in Morning Trading After Posting Solid Q1 Results","url":"https://stock-news.laohu8.com/highlight/detail?id=1156376926","media":"Tiger Newspress","summary":"Tiger Brokers surged 18% in morning trading.The company's revenue stood at US$66.33 million during t","content":"<html><head></head><body><p> <a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a> surged 18% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d871371eed56b0d351480e6970f978b\" tg-width=\"920\" tg-height=\"611\"/></p><p>The company&#39;s revenue stood at US$66.33 million during the period, up 26.0% year-over-year (YoY). The non-GAAP profit attributable to UP Fintech reached US$10.33 million, registering a 128.5% increase QoQ.</p><p>During the first quarter, 52,534 new customer accounts were added, up 39.8% QoQ, pushing the global total to 2.06 million. The number of new customers with deposits (number of funded accounts) rose by 30,392, or up 11.2% from the previous quarter, to 811,900.</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>Tiger Brokers Surged 18% in Morning Trading After Posting Solid Q1 Results</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\">\nTiger Brokers Surged 18% in Morning Trading After Posting Solid Q1 Results\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\">2023-05-30 21:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p> <a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a> surged 18% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d871371eed56b0d351480e6970f978b\" tg-width=\"920\" tg-height=\"611\"/></p><p>The company&#39;s revenue stood at US$66.33 million during the period, up 26.0% year-over-year (YoY). The non-GAAP profit attributable to UP Fintech reached US$10.33 million, registering a 128.5% increase QoQ.</p><p>During the first quarter, 52,534 new customer accounts were added, up 39.8% QoQ, pushing the global total to 2.06 million. The number of new customers with deposits (number of funded accounts) rose by 30,392, or up 11.2% from the previous quarter, to 811,900.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156376926","content_text":"Tiger Brokers surged 18% in morning trading.The company's revenue stood at US$66.33 million during the period, up 26.0% year-over-year (YoY). The non-GAAP profit attributable to UP Fintech reached US$10.33 million, registering a 128.5% increase QoQ.During the first quarter, 52,534 new customer accounts were added, up 39.8% QoQ, pushing the global total to 2.06 million. The number of new customers with deposits (number of funded accounts) rose by 30,392, or up 11.2% from the previous quarter, to 811,900.","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951123876,"gmtCreate":1673428739095,"gmtModify":1676538835064,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Can buy small amounts&nbsp;","listText":"Can buy small amounts&nbsp;","text":"Can buy small amounts","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951123876","repostId":"2302632190","repostType":4,"repost":{"id":"2302632190","kind":"news","pubTimestamp":1673406117,"share":"https://ttm.financial/m/news/2302632190?lang=&edition=fundamental","pubTime":"2023-01-11 11:01","market":"us","language":"en","title":"Tesla Stock: Go Fishing Below $100?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302632190","media":"Seeking Alpha","summary":"SummaryTSLA's 43% drop in just 2 last months looks like a textbook stock market overreaction against","content":"<html><head></head><body><h2>Summary</h2><ul><li>TSLA&#39;s 43% drop in just 2 last months looks like a textbook stock market overreaction against a backdrop of plenty of negative news.</li><li>The valuation of the company, which was previously considered too high, no longer seems so high, even if we focus only on free cash flows and their realistic projections.</li><li>I try to incorporate some really conservative assumptions into a DCF model and come up with a fair value of about $98.5 per share.</li><li>So once the price falls below this level, GARP investors might consider gradually building a position in the stock.</li><li>I leave my rating Neutral in the hope that TSLA will slide into undervaluation relatively soon.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf807f19c74502010904c6372b10e2e6\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>grandriver/E+ via Getty Images</span></p><h2>Intro &amp; Thesis</h2><p>This is my 5th post on Tesla, Inc. (NASDAQ:TSLA) and the 4th neutral one. In my opinion, the stock has experienced a textbook overreaction, as the valuation of the company, previously considered too high, no longer seems so, even if wefocus only on free cash flows and their realistic projections. I try to incorporate some conservative assumptions into a DCF model and come up with a fair value of about $98.5 per share - it seems to me that once the price falls below this level, GARP investors might consider gradually building a position in the stock.</p><h2>Tesla&#39;s Price Action: Causes &amp; Consequences</h2><p>Like the rest of the market at the time, Tesla stock began to experience growth problems in early November 2021 when, after rising nearly 60% just 1 month before, it began a sharp decline that was followed by bouts of recovery but eventually marked the beginning of a long-term downtrend that continues to this day.</p><p>The descending channel on the way down formed exciting entry points for TSLA to rally, but selling pressure was so intense that the stock could not resist and continued to update its local lows. As a result, TSLA has fallen &gt;74% from its November 2021 peak and is currently trading about 56% below its 200-day simple moving average:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a28b85e5767a6de072aa2489bc31101\" tg-width=\"640\" tg-height=\"310\" width=\"100%\" height=\"auto\"/><span>TrendSpider, TSLA, author&#39;s notes</span></p><p>One of the biggest problems for the company at the start of its downward trajectory was valuation - recall that Tesla was trading at 160 times and 360 times TTM-based EV/EBITDA and price-to-earnings ratios, respectively, in November 2021:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/23ba164f5855603b1dd81c83fba25e8c\" tg-width=\"640\" tg-height=\"484\" width=\"100%\" height=\"auto\"/><span>YCharts, TSLA, author&#39;s notes</span></p><p>The multiple contraction - at least based on the above 3 TTM-based metrics - was about 86.3%, which is too sharp a decline for a simple adjustment based on an interest rate hike. And if we look at the forward ratios, then the multiple contraction in some places reaches ~94%:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5b1684ab867b6d7326ee0f804a94ab5\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>To give you an idea of the extent of today&#39;s multiple contraction - during the COVID-19 era, EV/EBITDA ratio bottomed out at about 18-20x, while the 1-year forward ratio is now ~13x.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f45de9e952829689c0fd6dcf9f437fdf\" tg-width=\"640\" tg-height=\"421\" width=\"100%\" height=\"auto\"/><span>YCharts, TSLA, author&#39;s notes</span></p><p>There must be a good reason for such a sharp decline - TSLA has several such reasons at once, and all of them are recent. However, the decline has also accelerated relatively recently - the stock lost &gt;36% over the past month.</p><p><i>The first</i> and perhaps most important reason for the fall is Elon Musk&#39;s refusal to step down as CEO of Twitter until he finds a worthy successor for the role. Tesla investors were [and presumably still are] concerned that the search will drag on and Musk will lose control of his main asset.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b701128d668ffb0d1438291dc6b398e\" tg-width=\"640\" tg-height=\"212\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha News, author&#39;s notes</span></p><p><i>The second</i> news item is huge selling volumes from Musk, who mercilessly sold his shares in large portions in early November and December:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/434305643aa50e6a7652c28035f50323\" tg-width=\"340\" tg-height=\"567\" width=\"100%\" height=\"auto\"/><span>TrendSpider, TSLA&#39;s Insiders, author&#39;s notes</span></p><p><i>The third</i> piece of news is the introduction of a new hiring freeze and further layoffs through 2023 (presumably Q1), as Electrek writes, citing &#34;a reliable source familiar with the matter.&#34;</p><p><i>The fourth piece</i> of news is thehalt of productionin Shanghai, which in 2021 accounted for 51.7% of Tesla&#39;s global production capacity. While the company did not specify a reason for the production halt, Reuters previously reported that the suspension of Model Y assembly at the Shanghai plant at the end of the month would be part of a 30% reduction in planned production for the model in December. Additionally, sources have noted that employees at Tesla&#39;s Gigafactory in Shanghai and supplier plants have been falling ill due to a recent outbreak of COVID cases in the area.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19eb26f1096b415c5a4694ddade53ced\" tg-width=\"640\" tg-height=\"200\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha News, author&#39;s notes</span></p><p><i>The fifth piece</i> of news is the record deliveries in Q4 2022 that the company announced a few days ago, which unfortunately for TSLA investors did not meet consensus estimates.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3acf215e76cf3a376b3eb5ad27020e42\" tg-width=\"640\" tg-height=\"272\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha News, author&#39;s notes</span></p><p><i>The sixth</i> <i>piece</i> of news was an addition to the 4th one - the company was forced to cut prices of its Model Y and Model 3 in China for the second time in less than three months.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2a9bbae14d732bd0d60387c76beb4539\" tg-width=\"640\" tg-height=\"196\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha News, author&#39;s notes</span></p><p>So all this news has created a kind of perfect storm that has led to an unprecedented multiple contraction discussed above.</p><p>Analysts at some investment banks have added fuel to the fire by massively lowering their price targets after the share price plunge - you know, previous recommendations of $200-250 per share would have assumed 77-87% growth in the stock over the next 12 months, which seems too generous and not permissible for the sell side.</p><p>One of the most significant downgrades, in my opinion, was made by analysts Ryan Brinkman,Rajat Gupta, CFA, Manasvi Garg, et al. of J.P. Morgan. Their valuation calculations and general reasoning seemed the most realistic to me [compared say to BofA and Goldman Sachs] back in October 2022. This time I think the bank&#39;s updated report deserves our attention, just like last time.</p><h2>JPMorgan&#39;s New $125 Target Price - Assumptions And Reality Check</h2><p>It is worth noting that, unlike the Street consensus, JPMorgan analysts expected Tesla to deliver significantly less in Q4 2022, so the company actually slightly outperformed the bank&#39;s internal forecasts by +4%. Citing multiple price cuts in China during the quarter and the $7,500 discount in the U.S. at the end of Q4, JPMorgan lowered its price target from $150 per share [October 2022] to $125 per share as of Jan. 3, 2023:</p><blockquote>4Q deliveries exceeded the 388,500 we had modeled by +4%. However, this modest beat to our deliveries estimate and modest miss to consensus appears to have come at the cost of atypically high discounting (for example, a $7,500 discount in the US late in 4Q more reminiscent of traditional automakers trading at substantially lower earnings multiples, and multiple price cuts in China throughout the quarter). We are lowering our 4Q EPS estimate from $1.19 prior — flowing only the +4% volume beat through our model would have implied EPS of $1.28, although, with the ratcheting down of pricing and margin expectations, we now forecast $1.16.</blockquote><blockquote>Source: JPMorgan on TSLA, January 3, 2023</blockquote><p>It&#39;s interesting to look at the assumptions the bank used in valuing Tesla. They assume that annual sales growth (while remaining impressive overall) is likely to decline every year from now on (they forecast +26% growth in FY2023, +24% in FY2024, and +20% in FY2025), even in the face of growing competition. Tesla&#39;s last model refresh (the updated S &amp; X) dates to spring 2021, and many competing models have entered the market since then. Investors&#39; forecasts for +50% annual growth have been helped by the fact that demand has so far outstripped supply. However, with significant capacity coming online in 2023 as a whole compared to 2022 (annual installed run-rate capacity according to 3Q22 shareholder letter of &gt; 1.9M as Austin and Berlin ramp compared to deliveries of 1.3M. in 2022), supply in FY2023 is unlikely to be the limiting factor on Tesla&#39;s deliveries that it has been in prior years, so a significant miss on deliveries relative to expectations could be particularly damaging to investors&#39; long-term expectations. As a result, analysts have significantly lowered their EPS estimates: FY2023 to $4.60 from $4.84, FY2024 to $5.15 from $5.35, and FY2025 to $5.55 from $5.65.</p><p>The new price target of $125 per share is predicated upon a 50/50 blend of DCF and 2025E-based multiples analysis (itself a blend of P/E, EV/EBITDA, and price-to-sales). To help you better understand the entire reasoning behind JPM&#39;s model, I have summarized the various parts of the model in one image:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58d337bc7188a17b2eeb4fe14ac90428\" tg-width=\"640\" tg-height=\"381\" width=\"100%\" height=\"auto\"/><span>JPMorgan&#39;s valuation model for Tesla, author&#39;s compilation with notes</span></p><p>The multiple-based analysis consists largely of comparing Tesla by 5 categories:</p><ul><li><i>Disruptive Technology</i>: Apple (AAPL), Google (GOOGL);</li><li><i>Clean Technology</i>: First Solar (FSLR), SunPower (SPWR);</li><li><i>Auto Tech / Innovation</i>: BorgWarner (BWA), Gentex (GNTX);</li><li><i>Luxury Automakers</i>: BMW (OTCPK:BMWYY), Mercedes (OTCPK:MBGAF);</li><li><i>High-Growth Automakers</i>: BYD (OTCPK:BYDDF), Great Wall (OTCPK:GWLLF), and SAIC Motor.</li></ul><p>As you can see, JPM did not include classic American manufacturers such as Ford (F) or General Motors (GM) in this list, which is unacceptable in my opinion - after all, the end market for them is almost the same. It seems to me that if the 6th category were included in the above list, the implied value for the entire segment would be somewhat less than the $148 per share we see now. So the DCF-based projections are a much more reliable metric, in my opinion.</p><p>I propose to independently build a DCF model to value TSLA stock -<i>how realistic is the current price in terms of its &#34;intrinsic value&#34;?</i></p><h2>DCF Based On My Reality</h2><p>I write &#34;<i>My Reality</i>&#34; because some of the assumptions I will take as a basis will most likely not coincide with yours - this is perfectly normal, I suggest discussing our contradictions in the comments section.</p><p>JPM has projected a gradual decline in revenue growth from +26% to +20% in the last projected year (FY25) - I want to be even more conservative here and assume that revenue will grow at a rate of 20% from FY23 to FY25, and by only 15% in FY26. Also, I expect the EBITDA margin to drop to 8% in FY23 (TTM EBITDA margin now = 21.65%) and EBIT margin to be negative -50 bps due to increased expenses (TTM EBIT margin now = 16.83%). So, I try to take into account the whole cascade of negative news I described at the very beginning of this article in the model. I also want to take into account the rather high risk of a recession somewhere in the middle of 2023, which I have mentioned repeatedly in my articles.</p><p>D&amp;A as a percentage of total revenue is expected to remain constant at 7.5% throughout the forecast period, although this percentage has declined rapidly in recent years - I expect D&amp;A non-cash costs to return to 2018-2019 levels as the asset base increases.</p><p>The working capital ratios - receivables to sales, inventories to sales, payables to sales - look fairly consistent and can be easily extrapolated for several years into the future without major changes [focus on averages]. The ratio of CAPEX to sales is one of the most important inputs, as this assumption strongly influences FCF generation. In the past, this ratio was quite variable. However, as Tesla scaled its operations, the ratio of this metric systematically decreased:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ccdcae0fc8c85194f0715743a4ba20c3\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>In the event of a recession in 2023, I expect CAPEX-to-revenue to fall even further - to 7%. In 2024, it will grow again (8%) and gradually reach 9% in FY26 as production continues to expand.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a583e039e8dbab7ed4ba1d0c2ea6924\" tg-width=\"640\" tg-height=\"220\" width=\"100%\" height=\"auto\"/><span>stratosphere.io, author&#39;s inputs</span></p><p>The WACC of TSLA calculated by JPM at 12.3% is significantly more plausible than the WACC of Morgan Stanley at 9%.I calculate my WACC based on the CAPM model:</p><ul><li>beta = 1.9;</li><li>cost of debt = 8%;</li><li>tax rate = 15%;</li><li>risk-free rate = 3.6%;</li><li>cost of equity = 4.7%</li></ul><p>So my WACC is only 0.3% higher than JPM&#39;s - 12.6%. In my opinion, this is a very reasonable discount rate for the risk investors take in buying Tesla shares.</p><p>The only point where my model differs fundamentally from the JPM model is the long-term growth rate, in place of which I will use the EV/EBITDA exit multiple. Why?</p><p>Because if I take the same 10% long-term growth rate and lower it slightly, say to 9.5%, then my bottom line - TSLA&#39;s intrinsic share price - will drop almost 19%. In my opinion, this kind of sensitivity is unacceptable - it&#39;s much more reasonable to imagine what exit multiple Tesla might be trading at in a few years. In terms of EV/EBITDA, it&#39;s 13x today. Let us assume that despite the obvious market overreaction, TSLA&#39;s EV/EBITDA ratio does not rise [but does not fall much either] - 12x seems like a reasonable assumption to me.</p><p><i>So what is the result of all the above?</i></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13419ad1fee629fc6c9ba13bbcd52b0c\" tg-width=\"920\" tg-height=\"922\" width=\"100%\" height=\"auto\"/><span>Source: Author&#39;s calculations</span></p><p>My model turned out to be very independent of how the WACC changes - that&#39;s not quite correct, but it&#39;s better than having it change 180 degrees after every little fluctuation in inputs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc6371f1b624e264d364f70b147f8bb8\" tg-width=\"640\" tg-height=\"200\" width=\"100%\" height=\"auto\"/><span>Sensitivity table for author&#39;s DCF</span></p><h2>The Verdict For Tesla Stock</h2><p>No one knows exactly when the downward slide of Tesla stock will end. However, one thing seems clear to me - TSLA&#39;s 43% drop in just 2 last months looks like a textbook stock market overreaction against a backdrop of plenty of negative news and a lack of positive news for the company.</p><p>At the end of December, I assumed that TSLA would experience a strong rebound (then from a level of ~$120 per share) after Elon Musk announced that he would not sell his shares for another 1-2 years. And this one positive news would most likely be enough if no new negative news came. However, now the stock is quickly approaching its fair value, which can be achieved even based on very conservative assumptions.</p><p>I calculated that Tesla&#39;s fair value is about 13% below current levels. So investors looking for growth at a good price should start taking TSLA positions as soon as the next sell-off develops.</p><p>Since my fair price is lower than the current one and the market is moving very fast, I leave my rating Neutral in the hope that TSLA will slide into undervaluation relatively soon.</p><p><i>This article is written by Danil Sereda for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","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: Go Fishing Below $100?</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; 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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\">\nTesla Stock: Go Fishing Below $100?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 11:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568946-tesla-stock-go-fishing-below-100><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTSLA's 43% drop in just 2 last months looks like a textbook stock market overreaction against a backdrop of plenty of negative news.The valuation of the company, which was previously considered...</p>\n\n<a href=\"https://seekingalpha.com/article/4568946-tesla-stock-go-fishing-below-100\">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","BK4548":"巴美列捷福持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0056508442.USD":"贝莱德世界科技基金A2","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4511":"特斯拉概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4527":"明星科技股","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4581":"高盛持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4550":"红杉资本持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4551":"寇图资本持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4574":"无人驾驶","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0823414478.USD":"法巴经典能源转换基金","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2063271972.USD":"富兰克林创新领域基金","BK4099":"汽车制造商"},"source_url":"https://seekingalpha.com/article/4568946-tesla-stock-go-fishing-below-100","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302632190","content_text":"SummaryTSLA's 43% drop in just 2 last months looks like a textbook stock market overreaction against a backdrop of plenty of negative news.The valuation of the company, which was previously considered too high, no longer seems so high, even if we focus only on free cash flows and their realistic projections.I try to incorporate some really conservative assumptions into a DCF model and come up with a fair value of about $98.5 per share.So once the price falls below this level, GARP investors might consider gradually building a position in the stock.I leave my rating Neutral in the hope that TSLA will slide into undervaluation relatively soon.grandriver/E+ via Getty ImagesIntro & ThesisThis is my 5th post on Tesla, Inc. (NASDAQ:TSLA) and the 4th neutral one. In my opinion, the stock has experienced a textbook overreaction, as the valuation of the company, previously considered too high, no longer seems so, even if wefocus only on free cash flows and their realistic projections. I try to incorporate some conservative assumptions into a DCF model and come up with a fair value of about $98.5 per share - it seems to me that once the price falls below this level, GARP investors might consider gradually building a position in the stock.Tesla's Price Action: Causes & ConsequencesLike the rest of the market at the time, Tesla stock began to experience growth problems in early November 2021 when, after rising nearly 60% just 1 month before, it began a sharp decline that was followed by bouts of recovery but eventually marked the beginning of a long-term downtrend that continues to this day.The descending channel on the way down formed exciting entry points for TSLA to rally, but selling pressure was so intense that the stock could not resist and continued to update its local lows. As a result, TSLA has fallen >74% from its November 2021 peak and is currently trading about 56% below its 200-day simple moving average:TrendSpider, TSLA, author's notesOne of the biggest problems for the company at the start of its downward trajectory was valuation - recall that Tesla was trading at 160 times and 360 times TTM-based EV/EBITDA and price-to-earnings ratios, respectively, in November 2021:YCharts, TSLA, author's notesThe multiple contraction - at least based on the above 3 TTM-based metrics - was about 86.3%, which is too sharp a decline for a simple adjustment based on an interest rate hike. And if we look at the forward ratios, then the multiple contraction in some places reaches ~94%:Data by YChartsTo give you an idea of the extent of today's multiple contraction - during the COVID-19 era, EV/EBITDA ratio bottomed out at about 18-20x, while the 1-year forward ratio is now ~13x.YCharts, TSLA, author's notesThere must be a good reason for such a sharp decline - TSLA has several such reasons at once, and all of them are recent. However, the decline has also accelerated relatively recently - the stock lost >36% over the past month.The first and perhaps most important reason for the fall is Elon Musk's refusal to step down as CEO of Twitter until he finds a worthy successor for the role. Tesla investors were [and presumably still are] concerned that the search will drag on and Musk will lose control of his main asset.Seeking Alpha News, author's notesThe second news item is huge selling volumes from Musk, who mercilessly sold his shares in large portions in early November and December:TrendSpider, TSLA's Insiders, author's notesThe third piece of news is the introduction of a new hiring freeze and further layoffs through 2023 (presumably Q1), as Electrek writes, citing \"a reliable source familiar with the matter.\"The fourth piece of news is thehalt of productionin Shanghai, which in 2021 accounted for 51.7% of Tesla's global production capacity. While the company did not specify a reason for the production halt, Reuters previously reported that the suspension of Model Y assembly at the Shanghai plant at the end of the month would be part of a 30% reduction in planned production for the model in December. Additionally, sources have noted that employees at Tesla's Gigafactory in Shanghai and supplier plants have been falling ill due to a recent outbreak of COVID cases in the area.Seeking Alpha News, author's notesThe fifth piece of news is the record deliveries in Q4 2022 that the company announced a few days ago, which unfortunately for TSLA investors did not meet consensus estimates.Seeking Alpha News, author's notesThe sixth piece of news was an addition to the 4th one - the company was forced to cut prices of its Model Y and Model 3 in China for the second time in less than three months.Seeking Alpha News, author's notesSo all this news has created a kind of perfect storm that has led to an unprecedented multiple contraction discussed above.Analysts at some investment banks have added fuel to the fire by massively lowering their price targets after the share price plunge - you know, previous recommendations of $200-250 per share would have assumed 77-87% growth in the stock over the next 12 months, which seems too generous and not permissible for the sell side.One of the most significant downgrades, in my opinion, was made by analysts Ryan Brinkman,Rajat Gupta, CFA, Manasvi Garg, et al. of J.P. Morgan. Their valuation calculations and general reasoning seemed the most realistic to me [compared say to BofA and Goldman Sachs] back in October 2022. This time I think the bank's updated report deserves our attention, just like last time.JPMorgan's New $125 Target Price - Assumptions And Reality CheckIt is worth noting that, unlike the Street consensus, JPMorgan analysts expected Tesla to deliver significantly less in Q4 2022, so the company actually slightly outperformed the bank's internal forecasts by +4%. Citing multiple price cuts in China during the quarter and the $7,500 discount in the U.S. at the end of Q4, JPMorgan lowered its price target from $150 per share [October 2022] to $125 per share as of Jan. 3, 2023:4Q deliveries exceeded the 388,500 we had modeled by +4%. However, this modest beat to our deliveries estimate and modest miss to consensus appears to have come at the cost of atypically high discounting (for example, a $7,500 discount in the US late in 4Q more reminiscent of traditional automakers trading at substantially lower earnings multiples, and multiple price cuts in China throughout the quarter). We are lowering our 4Q EPS estimate from $1.19 prior — flowing only the +4% volume beat through our model would have implied EPS of $1.28, although, with the ratcheting down of pricing and margin expectations, we now forecast $1.16.Source: JPMorgan on TSLA, January 3, 2023It's interesting to look at the assumptions the bank used in valuing Tesla. They assume that annual sales growth (while remaining impressive overall) is likely to decline every year from now on (they forecast +26% growth in FY2023, +24% in FY2024, and +20% in FY2025), even in the face of growing competition. Tesla's last model refresh (the updated S & X) dates to spring 2021, and many competing models have entered the market since then. Investors' forecasts for +50% annual growth have been helped by the fact that demand has so far outstripped supply. However, with significant capacity coming online in 2023 as a whole compared to 2022 (annual installed run-rate capacity according to 3Q22 shareholder letter of > 1.9M as Austin and Berlin ramp compared to deliveries of 1.3M. in 2022), supply in FY2023 is unlikely to be the limiting factor on Tesla's deliveries that it has been in prior years, so a significant miss on deliveries relative to expectations could be particularly damaging to investors' long-term expectations. As a result, analysts have significantly lowered their EPS estimates: FY2023 to $4.60 from $4.84, FY2024 to $5.15 from $5.35, and FY2025 to $5.55 from $5.65.The new price target of $125 per share is predicated upon a 50/50 blend of DCF and 2025E-based multiples analysis (itself a blend of P/E, EV/EBITDA, and price-to-sales). To help you better understand the entire reasoning behind JPM's model, I have summarized the various parts of the model in one image:JPMorgan's valuation model for Tesla, author's compilation with notesThe multiple-based analysis consists largely of comparing Tesla by 5 categories:Disruptive Technology: Apple (AAPL), Google (GOOGL);Clean Technology: First Solar (FSLR), SunPower (SPWR);Auto Tech / Innovation: BorgWarner (BWA), Gentex (GNTX);Luxury Automakers: BMW (OTCPK:BMWYY), Mercedes (OTCPK:MBGAF);High-Growth Automakers: BYD (OTCPK:BYDDF), Great Wall (OTCPK:GWLLF), and SAIC Motor.As you can see, JPM did not include classic American manufacturers such as Ford (F) or General Motors (GM) in this list, which is unacceptable in my opinion - after all, the end market for them is almost the same. It seems to me that if the 6th category were included in the above list, the implied value for the entire segment would be somewhat less than the $148 per share we see now. So the DCF-based projections are a much more reliable metric, in my opinion.I propose to independently build a DCF model to value TSLA stock -how realistic is the current price in terms of its \"intrinsic value\"?DCF Based On My RealityI write \"My Reality\" because some of the assumptions I will take as a basis will most likely not coincide with yours - this is perfectly normal, I suggest discussing our contradictions in the comments section.JPM has projected a gradual decline in revenue growth from +26% to +20% in the last projected year (FY25) - I want to be even more conservative here and assume that revenue will grow at a rate of 20% from FY23 to FY25, and by only 15% in FY26. Also, I expect the EBITDA margin to drop to 8% in FY23 (TTM EBITDA margin now = 21.65%) and EBIT margin to be negative -50 bps due to increased expenses (TTM EBIT margin now = 16.83%). So, I try to take into account the whole cascade of negative news I described at the very beginning of this article in the model. I also want to take into account the rather high risk of a recession somewhere in the middle of 2023, which I have mentioned repeatedly in my articles.D&A as a percentage of total revenue is expected to remain constant at 7.5% throughout the forecast period, although this percentage has declined rapidly in recent years - I expect D&A non-cash costs to return to 2018-2019 levels as the asset base increases.The working capital ratios - receivables to sales, inventories to sales, payables to sales - look fairly consistent and can be easily extrapolated for several years into the future without major changes [focus on averages]. The ratio of CAPEX to sales is one of the most important inputs, as this assumption strongly influences FCF generation. In the past, this ratio was quite variable. However, as Tesla scaled its operations, the ratio of this metric systematically decreased:Data by YChartsIn the event of a recession in 2023, I expect CAPEX-to-revenue to fall even further - to 7%. In 2024, it will grow again (8%) and gradually reach 9% in FY26 as production continues to expand.stratosphere.io, author's inputsThe WACC of TSLA calculated by JPM at 12.3% is significantly more plausible than the WACC of Morgan Stanley at 9%.I calculate my WACC based on the CAPM model:beta = 1.9;cost of debt = 8%;tax rate = 15%;risk-free rate = 3.6%;cost of equity = 4.7%So my WACC is only 0.3% higher than JPM's - 12.6%. In my opinion, this is a very reasonable discount rate for the risk investors take in buying Tesla shares.The only point where my model differs fundamentally from the JPM model is the long-term growth rate, in place of which I will use the EV/EBITDA exit multiple. Why?Because if I take the same 10% long-term growth rate and lower it slightly, say to 9.5%, then my bottom line - TSLA's intrinsic share price - will drop almost 19%. In my opinion, this kind of sensitivity is unacceptable - it's much more reasonable to imagine what exit multiple Tesla might be trading at in a few years. In terms of EV/EBITDA, it's 13x today. Let us assume that despite the obvious market overreaction, TSLA's EV/EBITDA ratio does not rise [but does not fall much either] - 12x seems like a reasonable assumption to me.So what is the result of all the above?Source: Author's calculationsMy model turned out to be very independent of how the WACC changes - that's not quite correct, but it's better than having it change 180 degrees after every little fluctuation in inputs.Sensitivity table for author's DCFThe Verdict For Tesla StockNo one knows exactly when the downward slide of Tesla stock will end. However, one thing seems clear to me - TSLA's 43% drop in just 2 last months looks like a textbook stock market overreaction against a backdrop of plenty of negative news and a lack of positive news for the company.At the end of December, I assumed that TSLA would experience a strong rebound (then from a level of ~$120 per share) after Elon Musk announced that he would not sell his shares for another 1-2 years. And this one positive news would most likely be enough if no new negative news came. However, now the stock is quickly approaching its fair value, which can be achieved even based on very conservative assumptions.I calculated that Tesla's fair value is about 13% below current levels. So investors looking for growth at a good price should start taking TSLA positions as soon as the next sell-off develops.Since my fair price is lower than the current one and the market is moving very fast, I leave my rating Neutral in the hope that TSLA will slide into undervaluation relatively soon.This article is written by Danil Sereda for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922476643,"gmtCreate":1671838687782,"gmtModify":1676538600982,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"&nbsp;","listText":"&nbsp;","text":"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922476643","repostId":"2293551384","repostType":4,"repost":{"id":"2293551384","kind":"highlight","pubTimestamp":1671809458,"share":"https://ttm.financial/m/news/2293551384?lang=&edition=fundamental","pubTime":"2022-12-23 23:30","market":"us","language":"en","title":"Apple: 3 Compelling Reasons To Invest In 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2293551384","media":"Seeking Alpha","summary":"SummaryAmid macro concerns and supply disruptions, Apple has delivered a negative total return of 24","content":"<html><head></head><body><h2>Summary</h2><ul><li>Amid macro concerns and supply disruptions, Apple has delivered a negative total return of 24% so far in 2022.</li><li>Supply challenges caused by Covid-19 related disruptions and semiconductor shortages will likely ease further in 2023.</li><li>Going forward, growth from services is expected to outpace product sales.</li><li>Apple&#39;s industry-leading margins are a testament to the strength of its brand and its loyal customer base.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db66623bcd1945c607ab6f0d56b4ef0c\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>Diego Thomazini/iStock Editorial via Getty Images</span></p><p>Like many in the tech sector, <b>Apple</b> (NASDAQ:AAPL) has been affected by the more challenging macroeconomic environment in 2022. Year-to-date, investors have seen a negative total return of 24% from Apple’s stock, amid concerns about lingering supply chain disruptions and the growing risk of a hard landing for the economy in the coming year.</p><p>Despite the challenges, however, Apple looks well-prepared for a comeback in 2023. And here are three compelling reasons why.</p><h2>End In Sight For Covid-19 Related DisruptionSupply Disruption</h2><p>Supply challenges caused by Covid-19 related disruptions and an industry-wide semiconductor shortage continued to impact Apple&#39;s ability to meet customer demand for its products in 2022. More trouble could be yet to come, as Apple warned in November about lower iPhone 14 Pro and iPhone Pro Max shipments, following Covid-related labor shortages which have disrupted production at Foxconn’s main iPhone assembly facility in Zhengzhou, China.</p><p>But in an effort to improve supply chain resilience, Apple is diversifying its supply chain beyond China. With more production shifting to India and Vietnam and increased procurement from the US, Taiwan and elsewhere, the company will in future be better protected from localized manufacturing risks, as well as trade and geopolitical tensions.</p><p>The supply issues aren’t over yet, but the end is clearly in sight. As chip makers have ramped up production to meet demand, silicon-related supply constraints have already eased significantly during the course of the year. The supply position for iPads and MacBook Pro, which had been considerably constrained throughout most of 2021 and during the first half of 2022, has also improved significantly since then.</p><p>Moreover, with China now moving away from its zero-Covid policy, pandemic-related supply disruption issues may soon finally be no more. Things might get a little worse in the short term, as rising infections temporarily exacerbate existing supply challenges and Covid-related labor shortages. In the longer term, however, the benefits will rack up - as a shift away from strict social controls and unsustainable ‘closed-loop’ manufacturing operations will eventually lead to an enduring improvement in the supply situation.</p><h2>Demand Recovery</h2><p>The same could be said on the demand side too. In the short term, there will be a hit to consumer spending, as people across China choose to stay at home either because they have become unwell with Covid or are trying to avoid catching the virus. After a couple of months though, a return to normality should eventually lead to higher economic activity, and in particular, increased consumer spending.</p><p>We’ve seen the same pattern across the globe as other countries have abandoned their strict Covid-containment strategies and learned to live with the virus. Pent-up demand and an improvement in consumer confidence, driven by better job security and increased employment opportunities, would likely lead to a resurgence in Apple’s sales growth in China too.</p><p>Demonstrating the recent depressed demand, Apple’s sales growth in Greater China, which includes Hong Kong and Taiwan, slowed to just 9% in the year to September 24, 2022, down from 70% in 2021. This was largely attributable to macro factors, as Apple extended its market share lead in its most important market - premium smartphones. In the $600-plus smartphone space, its market share rose to 70% in China in the second quarter of 2022, up from 58% in Q1, according to data from market research firm IDC.</p><p>And while a recovery may only be noticeable from the second half of 2023, it’s important to remember that investor sentiment usually improves before the temporary disruption is over - as investors will likely anticipate a recovery before it actually takes place.</p><h2>Service Revenue OpportunityiOS Services and Apple TV+</h2><p>Although product sales generate a substantial majority of revenues, it’s clear that services are of growing importance to Apple’s growth.</p><p>Of course, the opportunity from services is inextricably linked to the size of its user base - things from the App store and other related services simply cannot sell well unless people are spending time on the company’s devices. But that doesn’t mean revenue from services won’t continue to outpace product sales - as demand for digital content, sold through its App Store, Apple Music and other digital content stores, is expected to hold up well in a still rapidly expanding market.</p><p>Services are a higher margin business too - Apple generated a gross margin of 71.7% from services in 2022, compared to 36.3% for device products. Looking ahead, recent price increases on Apple Music, TV+ and its One bundle will likely drive revenue growth and further margin improvement in coming quarters. These pricing changes were only announced in late October, and have yet to show up in its latest financial results.</p><p>On the downside, competition and regulatory risks, particularly those relating to its App Store, is a potential headwind. The proposed EU Digital Markets Act could force Apple to open up the distribution of apps on iOS devices.</p><p>The potential impact to Apple’s bottom line would likely be limited, however, as the proportion of users opting to purchase products from other sources is expected to be very small. As we can see from Android users, who can already install apps outside of Google’s Play Store, only a small minority of users actually choose to take advantage of the extra competition, due to network effects, security concerns and sticky behavioral patterns. This reflects a &#39;winner takes all&#39; market that demonstrates the value of scale in attracting customers and developers alike.</p><h2>Advertising &amp; Fintech</h2><p>Beyond this, Apple is looking to exploit growth in other services. It has a growing presence in the mobile advertising market - Apple Search Ads on its App Store is a relatively new entrant that has great potential. Its ads business has seen particularly strong growth, at a time when its competitors have been negatively affected by the introduction of its privacy changes last year, namely Apple’s App Tracking Transparency framework. And going forwards, there’s scope for more ad placements in more of its iOS apps, such as Music, Books, Fitness and Podcasts, as well as on its Apple TV+ streaming service.</p><p>Apple is looking at opportunities to grow in the financial technology (fintech) space too. Apple Pay, its mobile payments service, is currently its biggest success, but its ambitions do not rest there. The company partnered with Goldman Sachs to launch Apple Card in 2019, and has plans to launch Apple Pay Later - a buy now pay later (BNPL) service that directly competes with the likes of Klarna (KLAR), Affirm (AFRM) and Afterpay.</p><p>The global fintech market is projected to grow by a compound annual rate of about 25% over the next five years, and reach a market value of approximately $324 billion by 2026.</p><h2>Improving Margins</h2><p>Finally, improving margins is another reason to be bullish on Apple. The company’s industry-leading margins are a testament to the strength of its brand and its loyal customer base. It gives the company an element of revenue visibility that other businesses simply don&#39;t have.</p><p>And such is Apple&#39;s wide moat that the company enjoys strong pricing power - which continues to deliver for its gross margin. It has enabled the company to hike prices not only for services, which were discussed above, but also for its products. Higher prices for its iPhone 14 devices were seen in a number of markets outside of the US and China, as the company sought to offset FX headwinds from the stronger dollar.</p><table><tbody><tr><td><b>Gross margin</b></td><td><b>2022</b></td><td><b>2021</b></td><td><b>2020</b></td></tr><tr><td>Products</td><td>36.3%</td><td>35.3%</td><td>31.5%</td></tr><tr><td>Services</td><td>71.7%</td><td>69.7%</td><td>66.0%</td></tr><tr><td><b>Total</b></td><td><b> 43.3%</b></td><td><b> 41.8%</b></td><td><b> 38.2%</b></td></tr></tbody></table><p>Source: Apple&#39;s 2022 Annual Report</p><p>Apple’s gross margin has increased by 150 basis points over the past year, to 43.3%. This reflected stronger margins for both products and services, as well as a favorable shift in the revenue mix towards higher margin services.</p><p>Widening margins benefit Apple’s bottom line as it enables earnings growth to outpace revenue growth. This combined with the benefit of stock buybacks, which reduces Apple’s share count and further raises its earnings per share.</p></body></html>","source":"seekingalpha_fund","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: 3 Compelling Reasons To Invest In 2023</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: 3 Compelling Reasons To Invest In 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-23 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4566064-apple-stock-3-reasons-invest-2023><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmid macro concerns and supply disruptions, Apple has delivered a negative total return of 24% so far in 2022.Supply challenges caused by Covid-19 related disruptions and semiconductor ...</p>\n\n<a href=\"https://seekingalpha.com/article/4566064-apple-stock-3-reasons-invest-2023\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0320765059.SGD":"FTIF - 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Year-to-date, investors have seen a negative total return of 24% from Apple’s stock, amid concerns about lingering supply chain disruptions and the growing risk of a hard landing for the economy in the coming year.Despite the challenges, however, Apple looks well-prepared for a comeback in 2023. And here are three compelling reasons why.End In Sight For Covid-19 Related DisruptionSupply DisruptionSupply challenges caused by Covid-19 related disruptions and an industry-wide semiconductor shortage continued to impact Apple's ability to meet customer demand for its products in 2022. More trouble could be yet to come, as Apple warned in November about lower iPhone 14 Pro and iPhone Pro Max shipments, following Covid-related labor shortages which have disrupted production at Foxconn’s main iPhone assembly facility in Zhengzhou, China.But in an effort to improve supply chain resilience, Apple is diversifying its supply chain beyond China. With more production shifting to India and Vietnam and increased procurement from the US, Taiwan and elsewhere, the company will in future be better protected from localized manufacturing risks, as well as trade and geopolitical tensions.The supply issues aren’t over yet, but the end is clearly in sight. As chip makers have ramped up production to meet demand, silicon-related supply constraints have already eased significantly during the course of the year. The supply position for iPads and MacBook Pro, which had been considerably constrained throughout most of 2021 and during the first half of 2022, has also improved significantly since then.Moreover, with China now moving away from its zero-Covid policy, pandemic-related supply disruption issues may soon finally be no more. Things might get a little worse in the short term, as rising infections temporarily exacerbate existing supply challenges and Covid-related labor shortages. In the longer term, however, the benefits will rack up - as a shift away from strict social controls and unsustainable ‘closed-loop’ manufacturing operations will eventually lead to an enduring improvement in the supply situation.Demand RecoveryThe same could be said on the demand side too. In the short term, there will be a hit to consumer spending, as people across China choose to stay at home either because they have become unwell with Covid or are trying to avoid catching the virus. After a couple of months though, a return to normality should eventually lead to higher economic activity, and in particular, increased consumer spending.We’ve seen the same pattern across the globe as other countries have abandoned their strict Covid-containment strategies and learned to live with the virus. Pent-up demand and an improvement in consumer confidence, driven by better job security and increased employment opportunities, would likely lead to a resurgence in Apple’s sales growth in China too.Demonstrating the recent depressed demand, Apple’s sales growth in Greater China, which includes Hong Kong and Taiwan, slowed to just 9% in the year to September 24, 2022, down from 70% in 2021. This was largely attributable to macro factors, as Apple extended its market share lead in its most important market - premium smartphones. In the $600-plus smartphone space, its market share rose to 70% in China in the second quarter of 2022, up from 58% in Q1, according to data from market research firm IDC.And while a recovery may only be noticeable from the second half of 2023, it’s important to remember that investor sentiment usually improves before the temporary disruption is over - as investors will likely anticipate a recovery before it actually takes place.Service Revenue OpportunityiOS Services and Apple TV+Although product sales generate a substantial majority of revenues, it’s clear that services are of growing importance to Apple’s growth.Of course, the opportunity from services is inextricably linked to the size of its user base - things from the App store and other related services simply cannot sell well unless people are spending time on the company’s devices. But that doesn’t mean revenue from services won’t continue to outpace product sales - as demand for digital content, sold through its App Store, Apple Music and other digital content stores, is expected to hold up well in a still rapidly expanding market.Services are a higher margin business too - Apple generated a gross margin of 71.7% from services in 2022, compared to 36.3% for device products. Looking ahead, recent price increases on Apple Music, TV+ and its One bundle will likely drive revenue growth and further margin improvement in coming quarters. These pricing changes were only announced in late October, and have yet to show up in its latest financial results.On the downside, competition and regulatory risks, particularly those relating to its App Store, is a potential headwind. The proposed EU Digital Markets Act could force Apple to open up the distribution of apps on iOS devices.The potential impact to Apple’s bottom line would likely be limited, however, as the proportion of users opting to purchase products from other sources is expected to be very small. As we can see from Android users, who can already install apps outside of Google’s Play Store, only a small minority of users actually choose to take advantage of the extra competition, due to network effects, security concerns and sticky behavioral patterns. This reflects a 'winner takes all' market that demonstrates the value of scale in attracting customers and developers alike.Advertising & FintechBeyond this, Apple is looking to exploit growth in other services. It has a growing presence in the mobile advertising market - Apple Search Ads on its App Store is a relatively new entrant that has great potential. Its ads business has seen particularly strong growth, at a time when its competitors have been negatively affected by the introduction of its privacy changes last year, namely Apple’s App Tracking Transparency framework. And going forwards, there’s scope for more ad placements in more of its iOS apps, such as Music, Books, Fitness and Podcasts, as well as on its Apple TV+ streaming service.Apple is looking at opportunities to grow in the financial technology (fintech) space too. Apple Pay, its mobile payments service, is currently its biggest success, but its ambitions do not rest there. The company partnered with Goldman Sachs to launch Apple Card in 2019, and has plans to launch Apple Pay Later - a buy now pay later (BNPL) service that directly competes with the likes of Klarna (KLAR), Affirm (AFRM) and Afterpay.The global fintech market is projected to grow by a compound annual rate of about 25% over the next five years, and reach a market value of approximately $324 billion by 2026.Improving MarginsFinally, improving margins is another reason to be bullish on Apple. The company’s industry-leading margins are a testament to the strength of its brand and its loyal customer base. It gives the company an element of revenue visibility that other businesses simply don't have.And such is Apple's wide moat that the company enjoys strong pricing power - which continues to deliver for its gross margin. It has enabled the company to hike prices not only for services, which were discussed above, but also for its products. Higher prices for its iPhone 14 devices were seen in a number of markets outside of the US and China, as the company sought to offset FX headwinds from the stronger dollar.Gross margin202220212020Products36.3%35.3%31.5%Services71.7%69.7%66.0%Total 43.3% 41.8% 38.2%Source: Apple's 2022 Annual ReportApple’s gross margin has increased by 150 basis points over the past year, to 43.3%. This reflected stronger margins for both products and services, as well as a favorable shift in the revenue mix towards higher margin services.Widening margins benefit Apple’s bottom line as it enables earnings growth to outpace revenue growth. This combined with the benefit of stock buybacks, which reduces Apple’s share count and further raises its earnings per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929605188,"gmtCreate":1670643287844,"gmtModify":1676538411393,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Buy Microsoft and enjoy dividend too","listText":"Buy Microsoft and enjoy dividend too","text":"Buy Microsoft and enjoy dividend too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929605188","repostId":"2290238146","repostType":2,"repost":{"id":"2290238146","kind":"highlight","pubTimestamp":1670638098,"share":"https://ttm.financial/m/news/2290238146?lang=&edition=fundamental","pubTime":"2022-12-10 10:08","market":"us","language":"en","title":"Better Buy: Microsoft vs. Amazon","url":"https://stock-news.laohu8.com/highlight/detail?id=2290238146","media":"Motley Fool","summary":"These two giants have one area where they compete against each other.","content":"<html><head></head><body><p>Two of the largest companies globally are <b>Microsoft</b> and <b>Amazon</b>. Combined, they have brought in $705 billion in revenue over the past 12 months, but that number pales in comparison to the growth trajectories both companies are on.</p><p>Is there an advantage that either stock has that investors should pinpoint? Or are they both evenly matched? Let&#39;s find out.</p><h2>A common offering is the future for both</h2><p>These two businesses hardly needs an introduction. Amazon&#39;s e-commerce platform has become the go-to place for nearly all shopping needs. Microsoft&#39;s Office products are standard for most computers, and it has a consumer product segment offering laptops and gaming consoles.</p><p>However, the most important segment for both companies&#39; future may well be cloud computing. Microsoft&#39;s Azure and Amazon Web Services (AWS) are the industry leaders, each maintaining an impressive market share.</p><table border=\"1\"><tbody><tr><th>Company</th><th>Rank</th><th>Market Share</th></tr><tr><td><b>Amazon</b></td><td>1st</td><td>34%</td></tr><tr><td><b>Microsoft</b></td><td>2nd</td><td>21%</td></tr><tr><td><b>Alphabet </b>(Google Cloud)</td><td>3rd</td><td>11%</td></tr></tbody></table><p>Data source: Synergy Research Group.</p><p>That&#39;s a commanding lead over third-place Google Cloud. Additionally, each saw impressive revenue growth, with AWS rising 27% and Microsoft rising 35% year over year in their latest quarters. That growth is expected to continue for some time. Precedence Research expects the industry to grow at a compound annual rate of 17.4% from 2022 to 2030, eventually reaching a $1.6 trillion market.</p><p>Say Amazon and Microsoft can retain their current market share in cloud computing. This would put potential 2030 revenue for this segment at $544 billion for Amazon and $336 billion for Microsoft. That&#39;s impressive considering that Amazon&#39;s trailing-12-month revenue was $502 billion and Microsoft&#39;s was $203 billion. It&#39;s an opportunity for massive growth apart from their other businesses.</p><p>Looking at it another way, that $336 billion would be more than double Microsoft&#39;s non-Azure revenue today, by my estimate. By comparison, the projected $554 billion for Amazon&#39;s AWS business would be just a little over 30% more than its non-AWS revenue today. So cloud computing could have a much bigger impact down the road for Microsoft&#39;s revenue.</p><p>However, on the bottom line, cloud computing could be more meaningful for Amazon, because AWS has a higher margin than the e-commerce revenue. In fact, it&#39;s Amazon&#39;s only profitable segment right now.</p><p>At Amazon, AWS is also funding other business segments. At Microsoft, Azure is complementary. This skews the future outlook in Microsoft&#39;s favor.</p><h2>Amazon is the better value</h2><p>However, stock valuation also has a role to play. Amazon isn&#39;t profitable, while Microsoft is, so comparing earnings or free cash flow isn&#39;t going to yield a helpful comparison. Plus, Amazon&#39;s commerce business is inherently low margin, even when profitable. So a direct comparison isn&#39;t possible. However, we can value each company in its own way.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a11b2c6b09932649414501fa819d125f\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/><span>MSFT PS Ratio data by YCharts</span></p><p>Microsoft&#39;s price-to-earnings ratio of 27.5 is rich although not quite as expensive as it&#39;s been over the past couple of years. Microsoft&#39;s execution and consistency have earned it its premium, but the company must continue to execute at a high level to maintain its valuation.</p><p>Moving to Amazon, if we value its AWS business at 9.4 times sales (the same as Microsoft) and its retail business at 0.7 times sales (the same as <b>Walmart</b>), you&#39;d get a valuation like this below.</p><table border=\"1\"><tbody><tr><th>Amazon Segment</th><th>Trailing-12-Month Revenue</th><th>Segment Price-to-Sales Ratio</th><th>Segment Market Cap</th></tr><tr><td>AWS</td><td>$76.5 billion</td><td>9.4</td><td>$719.1 billion</td></tr><tr><td>Commerce</td><td>$425.7 billion</td><td>0.7</td><td>$298.0 billion</td></tr></tbody></table><p>Data source: Amazon and YCharts.</p><p>Adding those two segments together gives Amazon a theoretical valuation of $1.017 trillion, yet the stock is valued at $960 billion. This shows that it is potentially undervalued.</p><p>Over the long run, premium valuations can be overcome by solid execution and growth -- something Microsoft has demonstrated. Because of that, I think Microsoft is the better buy today although Amazon is still a strong company too. There&#39;s a lot of uncertainty with Amazon&#39;s commerce business, and so that gives Microsoft the edge.</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>Better Buy: Microsoft vs. Amazon</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\">\nBetter Buy: Microsoft vs. Amazon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-10 10:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/09/better-buy-microsoft-vs-amazon/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Two of the largest companies globally are Microsoft and Amazon. Combined, they have brought in $705 billion in revenue over the past 12 months, but that number pales in comparison to the growth ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/09/better-buy-microsoft-vs-amazon/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","MSFT":"微软"},"source_url":"https://www.fool.com/investing/2022/12/09/better-buy-microsoft-vs-amazon/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2290238146","content_text":"Two of the largest companies globally are Microsoft and Amazon. Combined, they have brought in $705 billion in revenue over the past 12 months, but that number pales in comparison to the growth trajectories both companies are on.Is there an advantage that either stock has that investors should pinpoint? Or are they both evenly matched? Let's find out.A common offering is the future for bothThese two businesses hardly needs an introduction. Amazon's e-commerce platform has become the go-to place for nearly all shopping needs. Microsoft's Office products are standard for most computers, and it has a consumer product segment offering laptops and gaming consoles.However, the most important segment for both companies' future may well be cloud computing. Microsoft's Azure and Amazon Web Services (AWS) are the industry leaders, each maintaining an impressive market share.CompanyRankMarket ShareAmazon1st34%Microsoft2nd21%Alphabet (Google Cloud)3rd11%Data source: Synergy Research Group.That's a commanding lead over third-place Google Cloud. Additionally, each saw impressive revenue growth, with AWS rising 27% and Microsoft rising 35% year over year in their latest quarters. That growth is expected to continue for some time. Precedence Research expects the industry to grow at a compound annual rate of 17.4% from 2022 to 2030, eventually reaching a $1.6 trillion market.Say Amazon and Microsoft can retain their current market share in cloud computing. This would put potential 2030 revenue for this segment at $544 billion for Amazon and $336 billion for Microsoft. That's impressive considering that Amazon's trailing-12-month revenue was $502 billion and Microsoft's was $203 billion. It's an opportunity for massive growth apart from their other businesses.Looking at it another way, that $336 billion would be more than double Microsoft's non-Azure revenue today, by my estimate. By comparison, the projected $554 billion for Amazon's AWS business would be just a little over 30% more than its non-AWS revenue today. So cloud computing could have a much bigger impact down the road for Microsoft's revenue.However, on the bottom line, cloud computing could be more meaningful for Amazon, because AWS has a higher margin than the e-commerce revenue. In fact, it's Amazon's only profitable segment right now.At Amazon, AWS is also funding other business segments. At Microsoft, Azure is complementary. This skews the future outlook in Microsoft's favor.Amazon is the better valueHowever, stock valuation also has a role to play. Amazon isn't profitable, while Microsoft is, so comparing earnings or free cash flow isn't going to yield a helpful comparison. Plus, Amazon's commerce business is inherently low margin, even when profitable. So a direct comparison isn't possible. However, we can value each company in its own way.MSFT PS Ratio data by YChartsMicrosoft's price-to-earnings ratio of 27.5 is rich although not quite as expensive as it's been over the past couple of years. Microsoft's execution and consistency have earned it its premium, but the company must continue to execute at a high level to maintain its valuation.Moving to Amazon, if we value its AWS business at 9.4 times sales (the same as Microsoft) and its retail business at 0.7 times sales (the same as Walmart), you'd get a valuation like this below.Amazon SegmentTrailing-12-Month RevenueSegment Price-to-Sales RatioSegment Market CapAWS$76.5 billion9.4$719.1 billionCommerce$425.7 billion0.7$298.0 billionData source: Amazon and YCharts.Adding those two segments together gives Amazon a theoretical valuation of $1.017 trillion, yet the stock is valued at $960 billion. This shows that it is potentially undervalued.Over the long run, premium valuations can be overcome by solid execution and growth -- something Microsoft has demonstrated. Because of that, I think Microsoft is the better buy today although Amazon is still a strong company too. There's a lot of uncertainty with Amazon's commerce business, and so that gives Microsoft the edge.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920086113,"gmtCreate":1670394376433,"gmtModify":1676538359558,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Fully support, strong buy if below $3","listText":"Fully support, strong buy if below $3","text":"Fully support, strong buy if below $3","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920086113","repostId":"1114079921","repostType":4,"repost":{"id":"1114079921","kind":"news","pubTimestamp":1670392965,"share":"https://ttm.financial/m/news/1114079921?lang=&edition=fundamental","pubTime":"2022-12-07 14:02","market":"us","language":"en","title":"Grab Holdings: Keep On Moving, Keep Improving, Keep Expanding","url":"https://stock-news.laohu8.com/highlight/detail?id=1114079921","media":"Seeking Alpha","summary":"SummaryGrab Holdings Limited enjoys continued revenue growth and margin improvements.Its impressive ","content":"<html><head></head><body><h3>Summary</h3><ul><li>Grab Holdings Limited enjoys continued revenue growth and margin improvements.</li><li>Its impressive fundamentals will help it navigate the changing market landscape.</li><li>It maintains solid liquidity with high cash levels and stable borrowings.</li><li>There is fierce competition in South East Asia, but it remains a favorite.</li><li>The slight stock price uptrend is reasonable.</li></ul><p><a href=\"https://laohu8.com/S/GRAB\">Grab Holdings Limited</a> continues to reign in Southeast Asia. From being an online ride-booking app, it has expanded into food and item delivery, grocery purchasing, and even hotel booking. It has gone a long way and doesn’t indicate a weakening performance. Instead, it continues to improve, as shown by its impressive revenue growth. Its income is still negative, but improvements are evident. Even better, it has a solid financial positioning that allows it to cover its expansion and borrowings. Indeed, it is an exciting company that exudes growth and sustainability despite tight competition and economic volatility. Likewise, the stock price is promising, and even if valuations are not as towering as they were in its SPAC, growth prospects are enticing.</p><h3>Company Performance</h3><p>Since its foundation, Grab Holdings Limited has proven its capacity to grow and expand. Initially a ride-booking app, it was able to penetrate more niches over the years. In the last two years, it has flourished as growth avenues broadened. The company has been and will always be a staple for billions of households in Southeast Asia. And even if restrictions ease, customers still turn to Grab as a convenient and efficient way to travel and receive food and other items.</p><p>In 3Q 2022, its operating revenue amounted to $382 million, more than thrice as much as it was in 4Q 2021. Indeed, it continues to show its capacity to sustain growth despite reopening businesses and lifting health protocols. The pandemic fears continue to subside, but Grab remains a vital app for many customers. In fact, its average monthly transacting users (MTUs) reached 33 million, a 26% year-over-year growth. It shows increased demand for its services in a changing market landscape. Indeed, Grab has successfully normalized its demand despite its fierce competition across different niches. It is most evident in food delivery and online ride booking. These further highlight the solid customer base of Grab. Its core strengths are its popularity, massive expansion, and partnerships with numerous restaurants, QSRs, hotels, cars, and taxis. Also, its importance amidst shaky commuting and dining protocols has become more apparent. Lastly, its acquisition of Uber in the region became pivotal to its humongous growth. It captured more customers, monopolizing the car and taxi booking niche.</p><p><img src=\"https://static.tigerbbs.com/a241fe6e9185cb6590b274e2dfecbfff\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Even more, Grab continues to show its ability to balance growth and viability. As we can see, operating losses dramatically decreased in only a year. Operating margin dropped from -430% to -70%, thanks to its practical focus on cost structure and incentives. It is even more impressive since inflation-adjusted foreign currency translation remains unfavorable. In addition, it continues to innovate its services, improving its efficiency further, raising user engagement, and synergizing services. Its focus on cost optimization may allow it to reach its revenue and margin expansion expectations.</p><p><img src=\"https://static.tigerbbs.com/7b68a7b9950760f18b60ed61caadbbdc\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Operating Margin (MarketWatch)</p><h3>Market Risks And Opportunities</h3><p>In the face of economic volatility, Grab is also susceptible to risks. Prices are higher, raising its operating costs and expenses. It is most evident in its marketing and research expenses. Impairments are also higher as interest rate hikes affect the valuation of its financial assets. Another risk it must consider is the fierce competition among digital apps in Southeast Asia. Although Grab remains a giant, smaller apps are entering the market. The company must widen its gap and highlight service differentiation. Despite this, more opportunities are evident in the market. Restrictions are easing, but booking a taxi or a car has become more convenient. Commuters remain unfazed despite the rising fares due to oil and fuel price increases. Food deliveries have become more convenient and cheaper than commuting to restaurants and supermarkets. It is most evident in Singapore, with 58% showing a preference for food delivery.</p><p>Aside from convenience, cashless transactions remain one of the primary driving forces. Its three markets in Southeast Asia experienced a substantial drop in cash transactions. In Singapore, cash transactions fell from 59% to 39%. Today, it is already higher at 48%, which we can attribute to business reopenings. But the thing is, cash transactions never went back to pre-pandemic levels. Although cash is still king, payment apps continue to revolutionize in the advent of digital transformation. Mobile wallets, credit cards, and debit cards will dominate financial transactions as more businesses go online. Grab remains the primary mobile wallet in the country, with a market share of 35%. It maintains a wide gap from runners-up Favepay with 24%, DBS Paylah! With 19%, and Singtel Dash with 10%. It is also popular in Malaysia, holding 20% of the total market share. In the Philippines and Thailand, percentages are relatively lower. We can attribute it to the increased number of mobile wallets and the higher number of unbanked individuals. Grab may still have to scale up to compete with other payment apps in other countries.</p><p><img src=\"https://static.tigerbbs.com/b1e043221d6879a8c4affeca51c4acfa\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/dd4932fb4383647336091a0277cc236e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>But regarding food deliveries, Grab is the absolute king in Southeast Asia. In Singapore, Grab has an impeccable usage percentage of 76% among the population. Yet, it must be active as it sees tight competition with Food Panda, especially in the Philippines and Malaysia. In Indonesia, it ranks second with a user percentage of 78% versus GoPay with 79%. Although Grabpay is shunned in Indonesia, its food delivery segment is one of its staples. A similar observation is visible in Vietnam, as it holds 64% of the market for food delivery. Grab has the most appeal as a food delivery app, with the vast majority of the market share. Likewise, its online ride-booking niche makes it a formidable champion with a data sensitivity index of 114. It has a vast difference from the second-highest app, with only 81. In all its features, Grab remains the most responsive.</p><p><img src=\"https://static.tigerbbs.com/2bb5cc5392b074bd5e70404310bc9daa\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Percentage Of Food Delivery Usage (Statista)</p><p>What sets Grab apart from many of its competitors is its massive financials. Aside from its improving performance, it has solid and intact fundamentals. Its financial positioning is one of its cornerstones amidst the tight competition and economic disruptions. It has adequate cash levels of over $2.45 billion, although it is way lower than in 4Q 2021. It comprises 24% of the total assets, making it a very liquid company. It will amount to $6.5 billion or 66% of the total assets if we include its liquid investments. Even more, it can cover all its liabilities even in a single payment. It also shows stable financial leverage, which is favorable for the company amidst interest rate hikes. Meanwhile, its cash inflows from operations remain a negative value, but the improvement is visible. It is also consistent with improving viability.</p><p><img src=\"https://static.tigerbbs.com/945d788ed5ad9040bf752214ab894b8c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/945d788ed5ad9040bf752214ab894b8c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Grab continues to leverage its popularity and excellent fundamentals to achieve its goals. But other external factors can drive its growth some more. Online food deliveries, cab bookings, and cashless transactions may increase as remote work setups prevail in Southeast Asia. A recent survey shows that over 50% of workers prefer a remote setup. Over 30% prefer hybrid setups, and less than 10% want a complete onsite work setup. Likewise, online cab bookings are essential as traffic congestion continues to intensify. Many studies show an increased preference for riding private cars and taxis than boarding a train or a bus. Also, mobility demand has yet to reach its maximum, as its driver-partners are only 80% of 4Q 2019 numbers. Its potential may materialize in the succeeding years as the environment becomes more stable.</p><h3>Stock Price Assessment</h3><p>The stock price has had a slight uptrend in the last month, which is reasonable. It is still insufficient as the bearish trend remains evident. At $3.1, it is less than half its starting price. Even if valuations do not appear as towering as it was in its SPAC, growth prospects are enticing. It has massive room for an uptrend as its expansion and increased viability continue. With its performance and potential opportunities, it may reach or even exceed its guidance. To assess the stock price better, we will use the DCF Model. Right now, it is still quite tricky to find the most precise valuation of the company. As it expands and innovates, it continues to burn cash. Thankfully, it doesn’t have to raise its borrowings. It has well-balanced borrowings and equity, an added security to its shareholders. It is still trading at an EV/Revenue multiple of 7.4x, which is still quite high. But if we plot it to its outlook this year, it will decrease to 5.7-5.8x, which is a better value. I expect it to incur losses still as it adjusts, but it may start to generate more inflows in the following years. Grab Holdings is a good bargain. If we adjust the stock price based on our projected EV/Revenue multiple, it may increase to $4.3-4.5, a 29-30% upside in the next twelve months.</p><h3>Bottomline</h3><p>Grab Holdings Limited is a Southeast Asian tiger dominating the market. Its viability goals have yet to materialize, but it is on the right path. Indeed, it has an impressive ability to drive growth while enhancing margins, showing increased efficiency. Even more, it has a stellar balance sheet despite its continued burning of cash. It has excellent liquidity, allowing it to expand while covering its financial leverage. Its move is a logical approach to increased market opportunities as the landscape evolves. It justifies the latest slight uptrend in the stock price, which is an excellent bargain, given its potential. After assessing the risks, opportunities, and core competencies, the recommendation is that Grab Holdings Limited is a strong buy.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab Holdings: Keep On Moving, Keep Improving, Keep Expanding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab Holdings: Keep On Moving, Keep Improving, Keep Expanding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-07 14:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4562851-grab-holdings-stock-moving-improving-expanding><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGrab Holdings Limited enjoys continued revenue growth and margin improvements.Its impressive fundamentals will help it navigate the changing market landscape.It maintains solid liquidity with ...</p>\n\n<a href=\"https://seekingalpha.com/article/4562851-grab-holdings-stock-moving-improving-expanding\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://seekingalpha.com/article/4562851-grab-holdings-stock-moving-improving-expanding","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114079921","content_text":"SummaryGrab Holdings Limited enjoys continued revenue growth and margin improvements.Its impressive fundamentals will help it navigate the changing market landscape.It maintains solid liquidity with high cash levels and stable borrowings.There is fierce competition in South East Asia, but it remains a favorite.The slight stock price uptrend is reasonable.Grab Holdings Limited continues to reign in Southeast Asia. From being an online ride-booking app, it has expanded into food and item delivery, grocery purchasing, and even hotel booking. It has gone a long way and doesn’t indicate a weakening performance. Instead, it continues to improve, as shown by its impressive revenue growth. Its income is still negative, but improvements are evident. Even better, it has a solid financial positioning that allows it to cover its expansion and borrowings. Indeed, it is an exciting company that exudes growth and sustainability despite tight competition and economic volatility. Likewise, the stock price is promising, and even if valuations are not as towering as they were in its SPAC, growth prospects are enticing.Company PerformanceSince its foundation, Grab Holdings Limited has proven its capacity to grow and expand. Initially a ride-booking app, it was able to penetrate more niches over the years. In the last two years, it has flourished as growth avenues broadened. The company has been and will always be a staple for billions of households in Southeast Asia. And even if restrictions ease, customers still turn to Grab as a convenient and efficient way to travel and receive food and other items.In 3Q 2022, its operating revenue amounted to $382 million, more than thrice as much as it was in 4Q 2021. Indeed, it continues to show its capacity to sustain growth despite reopening businesses and lifting health protocols. The pandemic fears continue to subside, but Grab remains a vital app for many customers. In fact, its average monthly transacting users (MTUs) reached 33 million, a 26% year-over-year growth. It shows increased demand for its services in a changing market landscape. Indeed, Grab has successfully normalized its demand despite its fierce competition across different niches. It is most evident in food delivery and online ride booking. These further highlight the solid customer base of Grab. Its core strengths are its popularity, massive expansion, and partnerships with numerous restaurants, QSRs, hotels, cars, and taxis. Also, its importance amidst shaky commuting and dining protocols has become more apparent. Lastly, its acquisition of Uber in the region became pivotal to its humongous growth. It captured more customers, monopolizing the car and taxi booking niche.Even more, Grab continues to show its ability to balance growth and viability. As we can see, operating losses dramatically decreased in only a year. Operating margin dropped from -430% to -70%, thanks to its practical focus on cost structure and incentives. It is even more impressive since inflation-adjusted foreign currency translation remains unfavorable. In addition, it continues to innovate its services, improving its efficiency further, raising user engagement, and synergizing services. Its focus on cost optimization may allow it to reach its revenue and margin expansion expectations.Operating Margin (MarketWatch)Market Risks And OpportunitiesIn the face of economic volatility, Grab is also susceptible to risks. Prices are higher, raising its operating costs and expenses. It is most evident in its marketing and research expenses. Impairments are also higher as interest rate hikes affect the valuation of its financial assets. Another risk it must consider is the fierce competition among digital apps in Southeast Asia. Although Grab remains a giant, smaller apps are entering the market. The company must widen its gap and highlight service differentiation. Despite this, more opportunities are evident in the market. Restrictions are easing, but booking a taxi or a car has become more convenient. Commuters remain unfazed despite the rising fares due to oil and fuel price increases. Food deliveries have become more convenient and cheaper than commuting to restaurants and supermarkets. It is most evident in Singapore, with 58% showing a preference for food delivery.Aside from convenience, cashless transactions remain one of the primary driving forces. Its three markets in Southeast Asia experienced a substantial drop in cash transactions. In Singapore, cash transactions fell from 59% to 39%. Today, it is already higher at 48%, which we can attribute to business reopenings. But the thing is, cash transactions never went back to pre-pandemic levels. Although cash is still king, payment apps continue to revolutionize in the advent of digital transformation. Mobile wallets, credit cards, and debit cards will dominate financial transactions as more businesses go online. Grab remains the primary mobile wallet in the country, with a market share of 35%. It maintains a wide gap from runners-up Favepay with 24%, DBS Paylah! With 19%, and Singtel Dash with 10%. It is also popular in Malaysia, holding 20% of the total market share. In the Philippines and Thailand, percentages are relatively lower. We can attribute it to the increased number of mobile wallets and the higher number of unbanked individuals. Grab may still have to scale up to compete with other payment apps in other countries.But regarding food deliveries, Grab is the absolute king in Southeast Asia. In Singapore, Grab has an impeccable usage percentage of 76% among the population. Yet, it must be active as it sees tight competition with Food Panda, especially in the Philippines and Malaysia. In Indonesia, it ranks second with a user percentage of 78% versus GoPay with 79%. Although Grabpay is shunned in Indonesia, its food delivery segment is one of its staples. A similar observation is visible in Vietnam, as it holds 64% of the market for food delivery. Grab has the most appeal as a food delivery app, with the vast majority of the market share. Likewise, its online ride-booking niche makes it a formidable champion with a data sensitivity index of 114. It has a vast difference from the second-highest app, with only 81. In all its features, Grab remains the most responsive.Percentage Of Food Delivery Usage (Statista)What sets Grab apart from many of its competitors is its massive financials. Aside from its improving performance, it has solid and intact fundamentals. Its financial positioning is one of its cornerstones amidst the tight competition and economic disruptions. It has adequate cash levels of over $2.45 billion, although it is way lower than in 4Q 2021. It comprises 24% of the total assets, making it a very liquid company. It will amount to $6.5 billion or 66% of the total assets if we include its liquid investments. Even more, it can cover all its liabilities even in a single payment. It also shows stable financial leverage, which is favorable for the company amidst interest rate hikes. Meanwhile, its cash inflows from operations remain a negative value, but the improvement is visible. It is also consistent with improving viability.Grab continues to leverage its popularity and excellent fundamentals to achieve its goals. But other external factors can drive its growth some more. Online food deliveries, cab bookings, and cashless transactions may increase as remote work setups prevail in Southeast Asia. A recent survey shows that over 50% of workers prefer a remote setup. Over 30% prefer hybrid setups, and less than 10% want a complete onsite work setup. Likewise, online cab bookings are essential as traffic congestion continues to intensify. Many studies show an increased preference for riding private cars and taxis than boarding a train or a bus. Also, mobility demand has yet to reach its maximum, as its driver-partners are only 80% of 4Q 2019 numbers. Its potential may materialize in the succeeding years as the environment becomes more stable.Stock Price AssessmentThe stock price has had a slight uptrend in the last month, which is reasonable. It is still insufficient as the bearish trend remains evident. At $3.1, it is less than half its starting price. Even if valuations do not appear as towering as it was in its SPAC, growth prospects are enticing. It has massive room for an uptrend as its expansion and increased viability continue. With its performance and potential opportunities, it may reach or even exceed its guidance. To assess the stock price better, we will use the DCF Model. Right now, it is still quite tricky to find the most precise valuation of the company. As it expands and innovates, it continues to burn cash. Thankfully, it doesn’t have to raise its borrowings. It has well-balanced borrowings and equity, an added security to its shareholders. It is still trading at an EV/Revenue multiple of 7.4x, which is still quite high. But if we plot it to its outlook this year, it will decrease to 5.7-5.8x, which is a better value. I expect it to incur losses still as it adjusts, but it may start to generate more inflows in the following years. Grab Holdings is a good bargain. If we adjust the stock price based on our projected EV/Revenue multiple, it may increase to $4.3-4.5, a 29-30% upside in the next twelve months.BottomlineGrab Holdings Limited is a Southeast Asian tiger dominating the market. Its viability goals have yet to materialize, but it is on the right path. Indeed, it has an impressive ability to drive growth while enhancing margins, showing increased efficiency. Even more, it has a stellar balance sheet despite its continued burning of cash. It has excellent liquidity, allowing it to expand while covering its financial leverage. Its move is a logical approach to increased market opportunities as the landscape evolves. It justifies the latest slight uptrend in the stock price, which is an excellent bargain, given its potential. After assessing the risks, opportunities, and core competencies, the recommendation is that Grab Holdings Limited is a strong buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9045714575,"gmtCreate":1656654641797,"gmtModify":1676535872291,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"This 1st half year recap is a good lesson learn.Whenever got profit take first and wait , rather than wait now till when no one know .What is the strategic plan?My plan now-is to move to take average small positions and further dip will take the bigger position.What go down will go up but will not be like last year any more (so bullish)","listText":"This 1st half year recap is a good lesson learn.Whenever got profit take first and wait , rather than wait now till when no one know .What is the strategic plan?My plan now-is to move to take average small positions and further dip will take the bigger position.What go down will go up but will not be like last year any more (so bullish)","text":"This 1st half year recap is a good lesson learn.Whenever got profit take first and wait , rather than wait now till when no one know .What is the strategic plan?My plan now-is to move to take average small positions and further dip will take the bigger position.What go down will go up but will not be like last year any more (so bullish)","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":2,"link":"https://ttm.financial/post/9045714575","isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192836708532416,"gmtCreate":1688108942892,"gmtModify":1688108946845,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Buy boths and keep for long term sure win","listText":"Buy boths and keep for long term sure win","text":"Buy boths and keep for long term sure win","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192836708532416","repostId":"2347384537","repostType":2,"repost":{"id":"2347384537","kind":"highlight","pubTimestamp":1688086899,"share":"https://ttm.financial/m/news/2347384537?lang=&edition=fundamental","pubTime":"2023-06-30 09:01","market":"us","language":"en","title":"Want to Get Richer? 2 Top AI Stocks to Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2347384537","media":"Motley Fool","summary":"Artificial intelligence (AI) appears to have real potential to go down as this decade's most disruptive technology trend. It also has the potential to be a huge moneymaker for investors who put money ","content":"<html><head></head><body><p>Artificial intelligence (AI) appears to have real potential to go down as this decade&#39;s most disruptive technology trend. It also has the potential to be a huge moneymaker for investors who put money behind the right companies. Some players in the space have already scored big rallies this year, but there&#39;s an incredible shift underway that&#39;s just heating up.</p><p>With that in mind, read on to see why two Motley Fool contributors identified these two companies as among the best AI stocks to buy right now. </p><h2>1. TSMC is a great pick-and-shovel play in the AI space</h2><p><strong>Keith Noonan: Taiwan Semiconductor Manufacturing</strong>, or TSMC as it&#39;s often called, stands as the far-and-away leader in the semiconductor fabrication space. While tech leaders including <strong>Nvidia</strong>, <strong>Advanced Micro Devices</strong>, <strong>Amazon</strong>, <strong>Apple</strong>, and <strong>Microsoft</strong> are all devoting resources to the development of cutting-edge AI chips, none of these companies have the infrastructure needed to manufacture their own semiconductors. All of these companies turn to TSMC for fabrication services and will likely continue to do so for many years to come. </p><p>Right now, TSMC accounts for roughly 60% of the global contract chip fabrication market. It&#39;s also capturing more than 90% of the contract foundry services market for the fabrication of the kinds of high-end semiconductor designs that are pushing the AI revolution forward. </p><p>Demand for AI-related semiconductor fabrication is already picking up. Orders from Nvidia pushed the utilization of TSMC&#39;s 5-nanometer chip transistor production capacity to between 70% and 80% -- up from roughly 50% before the order surge. Demand from Nvidia will almost certainly remain high, and orders from other big tech players will likely start pouring in, as well. </p><p>Even after rallying roughly 37% year to date, TSMC still trades at a reasonable 20x this year&#39;s expected earnings. Looking a bit further ahead, the company is valued at around 16x next year&#39;s expected profits. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00df44ecfca6132e8bd2e231bdd445eb\" tg-width=\"720\" tg-height=\"433\"/></p><p>TSM PE Ratio (Forward 1y) data by YCharts.</p><p>Despite surging demand for AI chips, the global semiconductor market is expected to see a relatively small cyclical contraction this year. But AI trends and rebounding demand in other categories are expected to spur a return to growth next year.</p><p>With TSMC set to benefit from some powerful demand tailwinds, the stock stands out as a smart pick-and-shovel bet on the unfolding AI revolution. </p><h2>2. Alphabet&#39;s products are better with AI</h2><p><strong>Parkev Tatevosian:</strong> With the expanded interest in AI, management for just about every company operating in this space is emphasizing how their companies will benefit from the rising effectiveness of AI. That said, the number of companies that will <em>actually</em> benefit from AI is a much more selective set. One AI stock in this latter group is <strong>Alphabet</strong>. </p><p>Alphabet has two primary revenue engines at the moment, Google Search and YouTube. Each has already shown it can enhance the value it offers both users and advertisers in how it already implements AI. For instance, YouTube uses AI to generate its list of recommended videos it thinks you&#39;ll likely want to watch. YouTube, of course, makes most of its money showing advertisements to users engaged on the platform. The better it is at getting you to watch more of them, the more revenue it can generate. Similarly, Google Search uses AI to find results from your search queries it thinks best fit your needs. The powerful search engine also makes money from advertising. Users who are satisfied with the search query results will likely return more often. </p><p>But Alphabet is not just Google and YouTube and its exploration of how it can put AI to use doesn&#39;t stop there. Alphabet is incorporating AI technologies and machine learning into Google Cloud to offer its customers more sophisticated and personalized services. It&#39;s using AI to provide enhanced security and threat detection, which is increasingly important as businesses face more advanced cyber threats. Its Waymo autonomous vehicles are all about using AI to operate vehicles safely and efficiently. Its Verily Life Science division uses AI to analyze large amounts of medical data to develop new treatments and cures for various diseases. In all these cases, AI is integral to its potential for growth.</p><p>Alphabet has already proven it has a lucrative business model. The company&#39;s revenue soared from $56 billion to $283 billion in the last decade. At the same time, its operating income jumped from $15.4 billion to $74.8 billion. As the company continues to use and improve its AI to enhance its efforts, Alphabet&#39;s prospects over the next decade look enticing.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b16c13b578bef53812d4484ce84b4e3\" tg-width=\"720\" tg-height=\"433\"/></p><p>GOOG PE Ratio (Forward) data by YCharts.</p><p>Moreover, investors can get Alphabet stock at a reasonable valuation of a forward price-to-earnings ratio of 23. It&#39;s no surprise why Alphabet is one of my favorite AI stocks to buy right now. </p><h2>Don&#39;t underestimate the long-term AI opportunity</h2><p>While some smaller companies will undoubtedly score disruptive wins with artificial intelligence, the resource-intensive nature of the technology category suggests that established tech giants will wind up being AI&#39;s biggest winners. To that end, TSMC and Alphabet each have deep resources and powerful competitive advantages that could be enhanced by the evolution of AI. Even better, both companies are also trading at valuation levels that leave the door open for long-term investors to see very strong returns. </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>Want to Get Richer? 2 Top AI 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\">\nWant to Get Richer? 2 Top AI Stocks to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-30 09:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/06/29/want-to-get-richer-2-top-ai-stocks-to-buy-right-no/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Artificial intelligence (AI) appears to have real potential to go down as this decade's most disruptive technology trend. It also has the potential to be a huge moneymaker for investors who put money ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/06/29/want-to-get-richer-2-top-ai-stocks-to-buy-right-no/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.fool.com/investing/2023/06/29/want-to-get-richer-2-top-ai-stocks-to-buy-right-no/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2347384537","content_text":"Artificial intelligence (AI) appears to have real potential to go down as this decade's most disruptive technology trend. It also has the potential to be a huge moneymaker for investors who put money behind the right companies. Some players in the space have already scored big rallies this year, but there's an incredible shift underway that's just heating up.With that in mind, read on to see why two Motley Fool contributors identified these two companies as among the best AI stocks to buy right now. 1. TSMC is a great pick-and-shovel play in the AI spaceKeith Noonan: Taiwan Semiconductor Manufacturing, or TSMC as it's often called, stands as the far-and-away leader in the semiconductor fabrication space. While tech leaders including Nvidia, Advanced Micro Devices, Amazon, Apple, and Microsoft are all devoting resources to the development of cutting-edge AI chips, none of these companies have the infrastructure needed to manufacture their own semiconductors. All of these companies turn to TSMC for fabrication services and will likely continue to do so for many years to come. Right now, TSMC accounts for roughly 60% of the global contract chip fabrication market. It's also capturing more than 90% of the contract foundry services market for the fabrication of the kinds of high-end semiconductor designs that are pushing the AI revolution forward. Demand for AI-related semiconductor fabrication is already picking up. Orders from Nvidia pushed the utilization of TSMC's 5-nanometer chip transistor production capacity to between 70% and 80% -- up from roughly 50% before the order surge. Demand from Nvidia will almost certainly remain high, and orders from other big tech players will likely start pouring in, as well. Even after rallying roughly 37% year to date, TSMC still trades at a reasonable 20x this year's expected earnings. Looking a bit further ahead, the company is valued at around 16x next year's expected profits. TSM PE Ratio (Forward 1y) data by YCharts.Despite surging demand for AI chips, the global semiconductor market is expected to see a relatively small cyclical contraction this year. But AI trends and rebounding demand in other categories are expected to spur a return to growth next year.With TSMC set to benefit from some powerful demand tailwinds, the stock stands out as a smart pick-and-shovel bet on the unfolding AI revolution. 2. Alphabet's products are better with AIParkev Tatevosian: With the expanded interest in AI, management for just about every company operating in this space is emphasizing how their companies will benefit from the rising effectiveness of AI. That said, the number of companies that will actually benefit from AI is a much more selective set. One AI stock in this latter group is Alphabet. Alphabet has two primary revenue engines at the moment, Google Search and YouTube. Each has already shown it can enhance the value it offers both users and advertisers in how it already implements AI. For instance, YouTube uses AI to generate its list of recommended videos it thinks you'll likely want to watch. YouTube, of course, makes most of its money showing advertisements to users engaged on the platform. The better it is at getting you to watch more of them, the more revenue it can generate. Similarly, Google Search uses AI to find results from your search queries it thinks best fit your needs. The powerful search engine also makes money from advertising. Users who are satisfied with the search query results will likely return more often. But Alphabet is not just Google and YouTube and its exploration of how it can put AI to use doesn't stop there. Alphabet is incorporating AI technologies and machine learning into Google Cloud to offer its customers more sophisticated and personalized services. It's using AI to provide enhanced security and threat detection, which is increasingly important as businesses face more advanced cyber threats. Its Waymo autonomous vehicles are all about using AI to operate vehicles safely and efficiently. Its Verily Life Science division uses AI to analyze large amounts of medical data to develop new treatments and cures for various diseases. In all these cases, AI is integral to its potential for growth.Alphabet has already proven it has a lucrative business model. The company's revenue soared from $56 billion to $283 billion in the last decade. At the same time, its operating income jumped from $15.4 billion to $74.8 billion. As the company continues to use and improve its AI to enhance its efforts, Alphabet's prospects over the next decade look enticing.GOOG PE Ratio (Forward) data by YCharts.Moreover, investors can get Alphabet stock at a reasonable valuation of a forward price-to-earnings ratio of 23. It's no surprise why Alphabet is one of my favorite AI stocks to buy right now. Don't underestimate the long-term AI opportunityWhile some smaller companies will undoubtedly score disruptive wins with artificial intelligence, the resource-intensive nature of the technology category suggests that established tech giants will wind up being AI's biggest winners. To that end, TSMC and Alphabet each have deep resources and powerful competitive advantages that could be enhanced by the evolution of AI. Even better, both companies are also trading at valuation levels that leave the door open for long-term investors to see very strong returns.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":766235112767664,"gmtCreate":1687773723073,"gmtModify":1687773726622,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Wonder how much is each battery swap stations cost","listText":"Wonder how much is each battery swap stations cost","text":"Wonder how much is each battery swap stations cost","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/766235112767664","repostId":"2346051454","repostType":2,"repost":{"id":"2346051454","kind":"highlight","pubTimestamp":1687770421,"share":"https://ttm.financial/m/news/2346051454?lang=&edition=fundamental","pubTime":"2023-06-26 17:07","market":"us","language":"en","title":"Nio Reaches 1,500 Swap Stations in China As It Aims for 2,300 By Year-End","url":"https://stock-news.laohu8.com/highlight/detail?id=2346051454","media":"CnEVPost","summary":"Nio's battery swap stations in China have served a cumulative total of more than 24 million times today, averaging more than 50,000 services per day.\n...","content":"<html><head></head><body><blockquote>Nio&#39;s battery swap stations in China have served a cumulative total of more than 24 million times today, averaging more than 50,000 services per day.</blockquote><p><a href=\"https://laohu8.com/S/NIO\">Nio</a> has reached a new milestone in the number of battery swap stations in China, as it continues to build its iconic replenishment facility.</p><p>Nio today put five new battery swap stations into operation in China, bringing the total to 1,500, 410 of which are located along highways, according to data released today by the electric vehicle (EV) maker.</p><p>At the same time, Nio&#39;s battery swap stations in China have accumulated more than 24 million services today, averaging more than 50,000 services per day.</p><p>On average, a vehicle leaves Nio&#39;s battery swap stations with a fully charged battery every 1.8 seconds, the company said, adding that more than 60 percent of NIO vehicles&#39; power comes from these stations.</p><p>Currently, 72.44 percent of Nio owners can find a battery swap station within 3 kilometers of their home or office, Nio said.</p><p>Here&#39;s a video Nio shared on its mobile app about the historical changes in the number of its battery swap stations.</p><p>In addition to providing Nio owners with fully charged batteries, battery swap stations are small, distributed energy storage sites.</p><p>Nio&#39;s 1,500 battery swap stations can store a total of about 1.36 million kWh of energy, saving about RMB 300 million yuan a year in electricity costs in China, considering that electricity costs are lower at night, the company said.</p><p>These stations can also participate in load regulation on the grid, helping it accommodate more electricity generated from clean energy sources such as wind and photovoltaics, Nio said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87ecf85a6cc534d176b76c07aaae1729\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Nio allows consumers to purchase vehicles that include batteries, or rent batteries without buying them. In addition, the company allows owners who have purchased or leased a 70-kWh or 75-kWh standard-range battery pack the flexibility to upgrade to a 100-kWh long-range pack.</p><p>To date, Nio has provided more than 80,000 flexible battery upgrades, it said.</p><p>Nio also put 10 supercharging stations into operation today, bringing the total to 1,450, offering 7,156 charging piles. It added an additional 2 destination charging stations today, bringing the total to 1,277, offering 9,048 charging piles.</p><p>Nio completed its first battery swap station in Shenzhen on May 20, 2018. Its initial 200 battery swap stations are first-generation facilities, with its first second-generation battery swap station coming into operation on April 15, 2021.</p><p>Nio&#39;s third-generation battery swap station, unveiled at the Nio Day 2022 event on December 24, 2022, can store up to 21 battery packs, up from 13 in its previous generation and five in the first generation of the facility. These latest-generation stations began operations on April 12.</p><p>Nio announced plans late last year to add 400 battery swap stations by 2023, though that plan was raised to 1,000 on February 21.</p><p>William Li, Nio&#39;s founder, chairman and CEO, said at the time that the company would further accelerate the deployment of battery swap stations, with a goal of having more than 2,300 battery swap stations in China by the end of 2023.</p><p>The company will deploy about 100 battery swap stations in June and more quickly thereafter, which will help boost sales, Li said during Nio&#39;s first-quarter earnings call on June 9.</p><p>Nio has added a total of 52 battery swap stations so far this month, according to data monitored by CnEVPost.</p><p>Nio added a battery swap station in the Netherlands on June 22, bringing the number of such stations in the country to six.</p><p>To date, Nio has 17 battery swap stations and 8 charging stations in Europe.</p></body></html>","source":"cnevpost_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>Nio Reaches 1,500 Swap Stations in China As It Aims for 2,300 By Year-End</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Reaches 1,500 Swap Stations in China As It Aims for 2,300 By Year-End\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-26 17:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2023/06/25/nio-reaches-1500-swap-stations-in-china/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio's battery swap stations in China have served a cumulative total of more than 24 million times today, averaging more than 50,000 services per day.Nio has reached a new milestone in the number of ...</p>\n\n<a href=\"https://cnevpost.com/2023/06/25/nio-reaches-1500-swap-stations-in-china/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://cnevpost.com/2023/06/25/nio-reaches-1500-swap-stations-in-china/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2346051454","content_text":"Nio's battery swap stations in China have served a cumulative total of more than 24 million times today, averaging more than 50,000 services per day.Nio has reached a new milestone in the number of battery swap stations in China, as it continues to build its iconic replenishment facility.Nio today put five new battery swap stations into operation in China, bringing the total to 1,500, 410 of which are located along highways, according to data released today by the electric vehicle (EV) maker.At the same time, Nio's battery swap stations in China have accumulated more than 24 million services today, averaging more than 50,000 services per day.On average, a vehicle leaves Nio's battery swap stations with a fully charged battery every 1.8 seconds, the company said, adding that more than 60 percent of NIO vehicles' power comes from these stations.Currently, 72.44 percent of Nio owners can find a battery swap station within 3 kilometers of their home or office, Nio said.Here's a video Nio shared on its mobile app about the historical changes in the number of its battery swap stations.In addition to providing Nio owners with fully charged batteries, battery swap stations are small, distributed energy storage sites.Nio's 1,500 battery swap stations can store a total of about 1.36 million kWh of energy, saving about RMB 300 million yuan a year in electricity costs in China, considering that electricity costs are lower at night, the company said.These stations can also participate in load regulation on the grid, helping it accommodate more electricity generated from clean energy sources such as wind and photovoltaics, Nio said.Nio allows consumers to purchase vehicles that include batteries, or rent batteries without buying them. In addition, the company allows owners who have purchased or leased a 70-kWh or 75-kWh standard-range battery pack the flexibility to upgrade to a 100-kWh long-range pack.To date, Nio has provided more than 80,000 flexible battery upgrades, it said.Nio also put 10 supercharging stations into operation today, bringing the total to 1,450, offering 7,156 charging piles. It added an additional 2 destination charging stations today, bringing the total to 1,277, offering 9,048 charging piles.Nio completed its first battery swap station in Shenzhen on May 20, 2018. Its initial 200 battery swap stations are first-generation facilities, with its first second-generation battery swap station coming into operation on April 15, 2021.Nio's third-generation battery swap station, unveiled at the Nio Day 2022 event on December 24, 2022, can store up to 21 battery packs, up from 13 in its previous generation and five in the first generation of the facility. These latest-generation stations began operations on April 12.Nio announced plans late last year to add 400 battery swap stations by 2023, though that plan was raised to 1,000 on February 21.William Li, Nio's founder, chairman and CEO, said at the time that the company would further accelerate the deployment of battery swap stations, with a goal of having more than 2,300 battery swap stations in China by the end of 2023.The company will deploy about 100 battery swap stations in June and more quickly thereafter, which will help boost sales, Li said during Nio's first-quarter earnings call on June 9.Nio has added a total of 52 battery swap stations so far this month, according to data monitored by CnEVPost.Nio added a battery swap station in the Netherlands on June 22, bringing the number of such stations in the country to six.To date, Nio has 17 battery swap stations and 8 charging stations in Europe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195283110068480,"gmtCreate":1688702141458,"gmtModify":1688702145183,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Buy small average &nbsp;down will not miss when market is up trend&nbsp;","listText":"Buy small average &nbsp;down will not miss when market is up trend&nbsp;","text":"Buy small average down will not miss when market is up trend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195283110068480","repostId":"1129140362","repostType":2,"repost":{"id":"1129140362","kind":"news","pubTimestamp":1688699520,"share":"https://ttm.financial/m/news/1129140362?lang=&edition=fundamental","pubTime":"2023-07-07 11:12","market":"us","language":"en","title":"Should You Buy The Dip In Disney Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1129140362","media":"Barchart","summary":"Among the most important strategic moves under Iger in the past 8 months has been to shift the focus from streaming subscriber growth to increasing profits. The company’s streaming losses narrowed to $659 million in the March quarter and are now less than half of their last year's peak. The company however lost 4 million streaming subscribers in the most recent quarter. Subscriber growth is no longer the top focus for Disney and it also withdrew its fiscal year 2024 subscriber guidance.Iger also","content":"<html><head></head><body><p>US stock markets have rallied handsomely in 2023. The Nasdaq Composite <u>($NASX)</u> had its best first-half performance in four decades while the S&amp;P 500 <u>($SPX)</u> rose more than 15% to have the best start to the year since 2019. However, Disney <u>(DIS)</u> was barely in the green, with gains of about 3%. </p><h3 style=\"text-align: start;\">Disney Has Pivoted To Streaming </h3><p style=\"text-align: start;\">Disney is among the most iconic global brands and is the proverbial “cradle to grave” business, as it has something to offer to every age group. The company has historically been known for its parks and animated movies. And in 2019 it also pivoted to streaming.</p><p style=\"text-align: start;\">The pivot was quite successful in terms of numbers, and in the first 16 months after launch Disney+ surpassed 100 million users.  After accounting for Hulu and ESPN+, Disney now has more streaming subscribers than streaming giant Netflix <u>(NFLX)</u>.</p><p style=\"text-align: start;\">While the pivot might seem hugely successful considering the massive growth in subscribers, Disney’s streaming business is unprofitable and its losses peaked at $1.47 billion in the fiscal fourth quarter of 2022 that ended in September 2022, which reflects the toll that the <u>streaming war has taken on industry players</u>.</p><h3 style=\"text-align: start;\">Disney Reappointed Bob Iger As CEO</h3><p style=\"text-align: start;\">That fiscal fourth quarter earnings call in 2022 turned out to be the last one for Disney’s then-CEO Bob Chapek who was removed from his position in November, just days later.</p><p style=\"text-align: start;\">Disney reappointed Chapek’s predecessor Bob Iger as the CEO. Notably, it was Iger under whose watch Disney pivoted to streaming and the business gained traction under Chapek. The growth in Disney’s streaming business was also aided by the COVID-19 lockdowns as streaming subscribers grew exponentially in 2020.</p><p style=\"text-align: start;\">Soon after he took over, Iger embarked on his mission to transform Disney. He reversed some of Chapek’s decisions and shifted the focus back to creativity.</p><p style=\"text-align: start;\">Chapek also ended Disney’s work-from-home policy and stressed that working in a team environment works best for a creative company like Disney. He also took harsh measures and announced 7,000 layoffs in a bid to cut costs. Among others, the layoffs impacted the company&#39;s metaverse segment.</p><h3 style=\"text-align: start;\">Can Bob Iger Turnaround Disney?</h3><p style=\"text-align: start;\">Among the most important strategic moves under Iger in the past 8 months has been to shift the focus from streaming subscriber growth to increasing profits. The company’s streaming losses narrowed to $659 million in the March quarter and are now less than half of their last year&#39;s peak. The company however lost 4 million streaming subscribers in the most recent quarter. Subscriber growth is no longer the top focus for Disney and it also withdrew its fiscal year 2024 subscriber guidance.</p><p style=\"text-align: start;\">Iger also reorganized the business into three units: Disney Entertainment, ESPN, and Disney Parks, Experiences, and Products. In contrast, Chapek put streaming at the heart of Disney’s business and had restructured the business to reflect the same.</p><p style=\"text-align: start;\">While Disney stock rose initially when Iger took over, it has since sagged – as is visible in its dismal price action in 2023 which has now pushed it to levels even below when Iger took over last year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c3d2019f503bade12d7aba14b218480\" tg-width=\"999\" tg-height=\"610\"/></p><h3 style=\"text-align: start;\">Disney Is Working To Improve The Experience At Its Theme Parks</h3><p style=\"text-align: start;\">Disney is taking several measures to improve its operating as well as financial performance. It has taken actions to improve the customer experience at its Parks in the US and has allowed annual pass holders to visit the parks on certain days without prior reservations.</p><p style=\"text-align: start;\">It is also expanding its international parks and is adding a line inspired by the popular Frozen franchise in Paris. It is similarly adding a Frozen-inspired expansion in Hong Kong which is expected to be operational by the end of this year. In Shanghai Disney Resort also, the Zootopia-inspired expansion is expected to go live later this year.</p><p style=\"text-align: start;\">The Parks segment is a key driver of Disney’s profitability and in the fiscal second quarter of 2023, it generated an operating profit of $2.16 billion on revenues of $7.78 billion while the Media and Entertainment Distribution segment posted an operating profit of $1.12 billion on revenues of $14.04 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8962a7d080ba7b79f7ee4faa8fe1d105\" tg-width=\"809\" tg-height=\"688\"/></p><h3 style=\"text-align: start;\">Why Disney Stock Looks Like A Good Buy Now</h3><p style=\"text-align: start;\">Meanwhile, Disney’s streaming losses have narrowed and the company expects the business to turn profitable in the next fiscal year. It has hiked Disney+ subscription prices in the US and has simultaneously launched an ad-supported tier.</p><p style=\"text-align: start;\">The company is also looking to launch the ad-supported tier in Europe later this year. If Netflix’s experience is any indication, the ad-supported tier not only helps increase the subscriber count but also improves the overall average revenue per user (ARPU).</p><p style=\"text-align: start;\">Iger believes that the company is on track to meet or exceed its target of cutting $5.5 billion in costs. The strategic actions to boost Disney’s earnings have analysts expecting the company&#39;s profits to rise 34.3% in the next fiscal year.</p><h3 style=\"text-align: start;\">DIS Stock Forecast Looks Bullish</h3><p style=\"text-align: start;\">Disney has a consensus rating of “moderate buy” based on 22 analysts’ ratings. Its mean price target is $120.83, while the street-high target price of $150 implies an upside of almost 70% over current prices.</p><p style=\"text-align: start;\">Not all analysts are bullish on Disney’s forecast though. Last week KeyBanc analyst Brandon Nispel downgraded the stock from an “overweight” to “equal weight” while emphasizing that he sees more negatives than positives for the stock. Nispel added, &#34;We prefer to step aside, acknowledging meaningful uncertainty, and wait for further catalysts, as buying the dip has been a losing trade.”</p><p style=\"text-align: start;\">There are also concerns over a possible US recession taking a toll on Disney’s earnings in the coming quarters.</p><p style=\"text-align: start;\">However, I believe most of the negatives look priced in Disney stock as its next-12-month PE multiple of 20.7x is below the historical averages. As Disney’s streaming business moves towards sustainable profitability and the company’s cost-cutting efforts continue to take effect, the stock should rebound. Therefore, it&#39;s my opinion that the entertainment giant&#39;s stock is a good “buy the dip” candidate at current prices.</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>Should You Buy The Dip In Disney 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\">\nShould You Buy The Dip In Disney Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-07 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barchart.com/story/news/18290989/should-you-buy-the-dip-in-disney-stock><strong>Barchart</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US stock markets have rallied handsomely in 2023. The Nasdaq Composite ($NASX) had its best first-half performance in four decades while the S&P 500 ($SPX) rose more than 15% to have the best start to...</p>\n\n<a href=\"https://www.barchart.com/story/news/18290989/should-you-buy-the-dip-in-disney-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://www.barchart.com/story/news/18290989/should-you-buy-the-dip-in-disney-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129140362","content_text":"US stock markets have rallied handsomely in 2023. The Nasdaq Composite ($NASX) had its best first-half performance in four decades while the S&P 500 ($SPX) rose more than 15% to have the best start to the year since 2019. However, Disney (DIS) was barely in the green, with gains of about 3%. Disney Has Pivoted To Streaming Disney is among the most iconic global brands and is the proverbial “cradle to grave” business, as it has something to offer to every age group. The company has historically been known for its parks and animated movies. And in 2019 it also pivoted to streaming.The pivot was quite successful in terms of numbers, and in the first 16 months after launch Disney+ surpassed 100 million users.  After accounting for Hulu and ESPN+, Disney now has more streaming subscribers than streaming giant Netflix (NFLX).While the pivot might seem hugely successful considering the massive growth in subscribers, Disney’s streaming business is unprofitable and its losses peaked at $1.47 billion in the fiscal fourth quarter of 2022 that ended in September 2022, which reflects the toll that the streaming war has taken on industry players.Disney Reappointed Bob Iger As CEOThat fiscal fourth quarter earnings call in 2022 turned out to be the last one for Disney’s then-CEO Bob Chapek who was removed from his position in November, just days later.Disney reappointed Chapek’s predecessor Bob Iger as the CEO. Notably, it was Iger under whose watch Disney pivoted to streaming and the business gained traction under Chapek. The growth in Disney’s streaming business was also aided by the COVID-19 lockdowns as streaming subscribers grew exponentially in 2020.Soon after he took over, Iger embarked on his mission to transform Disney. He reversed some of Chapek’s decisions and shifted the focus back to creativity.Chapek also ended Disney’s work-from-home policy and stressed that working in a team environment works best for a creative company like Disney. He also took harsh measures and announced 7,000 layoffs in a bid to cut costs. Among others, the layoffs impacted the company's metaverse segment.Can Bob Iger Turnaround Disney?Among the most important strategic moves under Iger in the past 8 months has been to shift the focus from streaming subscriber growth to increasing profits. The company’s streaming losses narrowed to $659 million in the March quarter and are now less than half of their last year's peak. The company however lost 4 million streaming subscribers in the most recent quarter. Subscriber growth is no longer the top focus for Disney and it also withdrew its fiscal year 2024 subscriber guidance.Iger also reorganized the business into three units: Disney Entertainment, ESPN, and Disney Parks, Experiences, and Products. In contrast, Chapek put streaming at the heart of Disney’s business and had restructured the business to reflect the same.While Disney stock rose initially when Iger took over, it has since sagged – as is visible in its dismal price action in 2023 which has now pushed it to levels even below when Iger took over last year.Disney Is Working To Improve The Experience At Its Theme ParksDisney is taking several measures to improve its operating as well as financial performance. It has taken actions to improve the customer experience at its Parks in the US and has allowed annual pass holders to visit the parks on certain days without prior reservations.It is also expanding its international parks and is adding a line inspired by the popular Frozen franchise in Paris. It is similarly adding a Frozen-inspired expansion in Hong Kong which is expected to be operational by the end of this year. In Shanghai Disney Resort also, the Zootopia-inspired expansion is expected to go live later this year.The Parks segment is a key driver of Disney’s profitability and in the fiscal second quarter of 2023, it generated an operating profit of $2.16 billion on revenues of $7.78 billion while the Media and Entertainment Distribution segment posted an operating profit of $1.12 billion on revenues of $14.04 billion.Why Disney Stock Looks Like A Good Buy NowMeanwhile, Disney’s streaming losses have narrowed and the company expects the business to turn profitable in the next fiscal year. It has hiked Disney+ subscription prices in the US and has simultaneously launched an ad-supported tier.The company is also looking to launch the ad-supported tier in Europe later this year. If Netflix’s experience is any indication, the ad-supported tier not only helps increase the subscriber count but also improves the overall average revenue per user (ARPU).Iger believes that the company is on track to meet or exceed its target of cutting $5.5 billion in costs. The strategic actions to boost Disney’s earnings have analysts expecting the company's profits to rise 34.3% in the next fiscal year.DIS Stock Forecast Looks BullishDisney has a consensus rating of “moderate buy” based on 22 analysts’ ratings. Its mean price target is $120.83, while the street-high target price of $150 implies an upside of almost 70% over current prices.Not all analysts are bullish on Disney’s forecast though. Last week KeyBanc analyst Brandon Nispel downgraded the stock from an “overweight” to “equal weight” while emphasizing that he sees more negatives than positives for the stock. Nispel added, \"We prefer to step aside, acknowledging meaningful uncertainty, and wait for further catalysts, as buying the dip has been a losing trade.”There are also concerns over a possible US recession taking a toll on Disney’s earnings in the coming quarters.However, I believe most of the negatives look priced in Disney stock as its next-12-month PE multiple of 20.7x is below the historical averages. As Disney’s streaming business moves towards sustainable profitability and the company’s cost-cutting efforts continue to take effect, the stock should rebound. Therefore, it's my opinion that the entertainment giant's stock is a good “buy the dip” candidate at current prices.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194997973995752,"gmtCreate":1688614637573,"gmtModify":1688614641968,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Thanks for sharing , at least retail&nbsp; investors like us know that We are not alone in this game .&nbsp;","listText":"Thanks for sharing , at least retail&nbsp; investors like us know that We are not alone in this game .&nbsp;","text":"Thanks for sharing , at least retail investors like us know that We are not alone in this game .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194997973995752","repostId":"2349377736","repostType":2,"isVote":1,"tweetType":1,"viewCount":582,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985872529,"gmtCreate":1667361508461,"gmtModify":1676537905134,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"So should be good news for the market&nbsp;","listText":"So should be good news for the market&nbsp;","text":"So should be good news for the market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9985872529","repostId":"2280931319","repostType":4,"repost":{"id":"2280931319","kind":"news","pubTimestamp":1667355767,"share":"https://ttm.financial/m/news/2280931319?lang=&edition=fundamental","pubTime":"2022-11-02 10:22","market":"us","language":"en","title":"How the US Midterm Elections Could Affect Companies' Profits","url":"https://stock-news.laohu8.com/highlight/detail?id=2280931319","media":"Bloomberg","summary":"End of one-party economic policy seen after midtermsUS House Minority Leader Kevin McCarthy, a Repub","content":"<html><head></head><body><p>End of one-party economic policy seen after midterms</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b606eb83fc2517176c9d70f090f70e1c\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\"/><span>US House Minority Leader Kevin McCarthy, a Republican from California, center, during the America First Policy Institute&#39;s America First Agenda Summit in Washington.Photographer: Al Drago/Bloomberg</span></p><p>A Republican takeover of Congress would reshape the fiscal and regulatory landscape for a wide range of businesses that have grappled for nearly two years with Democratic efforts to boost taxes and tighten rules.</p><p>Next week’s midterm elections are expected to usher in a new era of divided government, with polls showing Democrats losing control of the House and possibly the Senate. That would spell the end of President Joe Biden’s agenda.</p><p>For businesses, the biggest impact of a GOP ascent would be the end of one-party economic policy. Democrats would no longer be able to use the partisan budget maneuvers to ram through tax increases, change Medicare drug policies, and pass pandemic relief spending that many economists say helped fuel inflation.</p><p>Even in a divided government, though, there may be room for compromises on border security and legal immigration that could address the labor shortages vexing US industries, along with possible agreements to streamline permitting and leasing for energy projects. Yet, GOP lawmakers are vowing to investigate Biden’s administration, reject his appointees to key jobs and wage a fight over the US debt limit that risks rattling markets — politically charged moves that could interfere with any bipartisan deal-making.</p><p>With a week until Election Day, here’s a look at what’s at stake for business:</p><h2>Republican Congress Would Put Brakes on Business Tax Increase</h2><p>Democrats came within one Senate vote of raising the corporate tax rate to 25% and imposing a global minimum profits tax. The risk of that being resurrected goes away if the GOP takes the House as expected, along with the chances of a windfall profit tax for oil companies. The midterm outcome will also likely shape December talks on renewing research and development tax breaks.</p><p>Republicans have said that in the majority they will push to extend expiring provisions of the 2017 tax cuts signed by former President Donald Trump tax cuts. Two provisions of that law are especially valuable to businesses: the 20% deduction on qualified income for many pass-through entities that expires in 2025 and bonus depreciation for qualified business purchases that phases down fully in 2027.</p><p>Anti-tax activist Grover Norquist predicts a GOP Congress would negotiate with the White House a two-year extension of those provisions before the end of 2024.</p><p>Former top Senate GOP aide Rohit Kumar, now at PWC, predicts the GOP would force tough votes on a reconciliation bill extending the Trump tax law to pressure moderate Democrats to agree to small business relief. “That would set the table for a final negotiation in 2025,” he said.</p><h2>Energy Production Could Get Boost, Climate Measures Pared</h2><p>Republicans plan to push for expanded domestic energy production if they take the majority and will try to use voter frustration over high gasoline prices to get the Biden administration to go along. The House Energy and Commerce Committee will look to boost development of hydrogen projects, streamline permitting and development of nuclear power plants, and accelerate approval for liquefied natural gas export facilities, Representative Bill Johnson, an Ohio Republican who serves on the committee, said.</p><p>Those measures, if enacted, would benefit companies such as nuclear operator Southern Co., small modular reactor maker NuScale Power Corp., and liquefied natural gas exporter Cheniere Energy, Inc. They could benefit drillers like Halliburton Co. and oil producers such as Exxon Mobil Corp. Johnson also plans to target a Biden administration rule phasing out some natural gas furnaces that drew the ire of the American Gas Association, which represents utilities such as Dominion Energy, Inc. and DTE Energy Co.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f20f8410c8c7d0df16077f5b79746f01\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"/><span>Wind turbines at the San Gorgonio Pass wind farm Palm Springs, Calif.Photographer: Bing Guan/Bloomberg</span></p><p>Republicans are already vowing strict oversight over hundreds of billions of dollars in lending authority that Biden’s Inflation Reduction Act gave to the Energy Department. Meanwhile, carmakers’ desire for an additional $7 billion in spending on electric-vehicle charging stations, favored by companies like General Motors Co. and Ford Motor Co., is likely to go ignored by GOP lawmakers. Biden cut his request for $15 billion in EV charger money in half to win GOP support for his bipartisan infrastructure bill and a second Democrats-only climate bill focused on extending EV tax credits for consumers.</p><p>US Chamber of Commerce Executive Vice President Neil Bradley said he doesn’t see the GOP being able to claw back money for renewable energy or reverse Biden’s past tax increases given the legislative hurdles in the Senate. “You are not un-ringing that bell in divided government,” he said.</p><h2>Financial Regulations Could be Delayed or Thwarted</h2><p>Trading firms including Robinhood Markets Inc. would benefit from a takeover by Republicans, who have sought to thwart planned regulations from the Securities and Exchange Commission under Gary Gensler. GOP lawmakers can delay rule-making with information requests to the SEC and language in annual funding bills directing the agency to hold off on regulating.</p><p>Meanwhile, one of the biggest targets for corporations is an SEC plan to require companies to disclose their greenhouse-gas emissions and in some cases from their suppliers and customers. Proposed in March, the rule has drawn the ire of industries from oil to farming. Exxon Mobil, Meta Platforms Inc. and Walmart Inc. have weighed in.</p><p><img src=\"https://static.tigerbbs.com/5a9fc48138aeac12603f4322e9333b15\" tg-width=\"968\" tg-height=\"631\" referrerpolicy=\"no-referrer\"/></p><p>The SEC is also looking to add regulation on the crypto-currency industry.</p><p>Private equity firms and hedge funds could also benefit from any slowdown in SEC rulemaking. Gensler has proposed forcing them to disclose more about their fees and putting in place new restrictions, all of which have drawn the industry’s ire.</p><h2>Antitrust Bill Opposed by Tech Companies Unlikely to Pass</h2><p>Silicon Valley would likely be spared in a Republican Congress from sweeping legislation aimed at anti-competitive behavior by tech companies such as Apple Inc., Amazon.com Inc. and Alphabet Inc.’s Google. The bill has sponsors in both parties and has been cleared by key House and Senate committees, yet the tech industry has helped to stall the measure’s progress with lobbying campaign that has topped $100 million.</p><p>House Republican leader Kevin McCarthy and likely House Judiciary Committee Chair Jim Jordan oppose the antitrust bill, which would have to be reintroduced if it doesn’t get a vote in the current Congress by the end of the year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab1eab8268ab3bcfbf3676453c804408\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\"/><span>Representative Jim Jordan, a Republican from Ohio, speaks during a House Judiciary Committee hearing in Washington.Photographer: Michael Reynolds/EPA</span></p><p>GOP lawmakers plan instead to focus on ending what they see as censorship of conservative voices on social media platforms, including by removing legal liability protections under Section 230, giving users an avenue to appeal when their content is removed and requiring more transparency from tech companies. None of these content-focused proposals is likely to become law, owing to insufficient support in the Senate and the strong odds of a Biden veto.</p><h2>Tougher Regulations For Hospitals, Insurers</h2><p>Hospitals, insurers and pharmaceutical benefit managers face the prospect of tough new regulations pushed by a Republican Congress, with the possible support from Democrats and the Biden administration. GOP lawmakers have promised to beef up requirements that hospitals post their prices online and lower drug costs by targeting drug industry middlemen known as pharmaceutical benefit managers. Party leaders have tried to shift away from promises to tear down the Affordable Care Act — also known as Obamacare — or restrict abortion rights, focusing instead on Americans’ rising medical bills.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/379f713489b433cd5b7609b13da5de8b\" tg-width=\"1000\" tg-height=\"661\" referrerpolicy=\"no-referrer\"/><span>A CVS pharmacy store in San Francisco.Photographer: David Paul Morris/Bloomberg</span></p><p>Cathy McMorris Rodgers, the top Republican on the House Energy and Commerce Committee, ran ads in her home state of Washington vowing to require hospitals, insurers and doctors to disclose prices so consumers can shop around. Three pharmaceutical managers make up more than two-thirds of the total US market: Express Scripts Inc., CVS Health Corp. and OptumRx Inc., HCA Healthcare Inc., Ascension Health and Tenet Healthcare Corp. are hospital companies that may be affected.</p><p>Many Democrats remain frustrated by the limited nature of the drug price negotiation provisions for Medicare in the Inflation Reduction Act, with just 10 drugs coming under negotiation in 2026. Expanding that power is unlikely under GOP control. Johnson &amp; Johnson, Merck &amp; Co. Inc., Pfizer Inc. and Eli Lilly &amp; Co. have products that Medicare spends heavily on.</p><h2>Five-Year, $428 Billion Farm Bill Up for Renewal</h2><p>The next Congress will need to pass another five-year Farm Bill governing direct agricultural subsidies, crop insurance, food stamps and conservation programs. The 2018 farm bill authorized $428 billion in spending over five years, with about three-quarters devoted to food assistance and a quarter to farm supports.</p><p>Renewing the farm bill, a pillar of domestic agribusiness, could be more difficult under GOP control. Some conservatives want to see farm subsidies cut, though there is broad support in both parties to maintain spending. The bigger issue will likely come on nutrition programs that the GOP has previously targeted over eligibility requirements and conservation programs. Food stamps help boost sales of groceries at retail chains such as Walmart and Kroger Co. by providing low-income recipients a way of buying more food.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c14d6bdab7767cbc4686de9832f6562e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\"/><span>A tree shaker removes walnuts from trees at Barton Ranch in Escalon, Calif. The state is the biggest global shipper of walnuts and second-largest grower after China.Photographer: David Paul Morris/Bloomberg</span></p><p>Direct federal government payments are a significant contributor to farm profits, accounting for between 18% and 48% of annual net US farm income since 2018, according to the US Agriculture Department. The extra income for farmers helps boost sales for seed, pesticide, fertilizer and equipment providers such as The Mosaic Co. and Deere &amp; Co. It also reduces costs for major grain buyers such as Cargill Inc. and Archer-Daniels-Midland Co. and meat and poultry processors such as Tyson Foods Inc. that purchase animal feed.</p><h2>Weapons Makers Could See Boost in Contracting</h2><p>A GOP-led Congress offers both opportunities and peril for he biggest US defense contractors including Lockheed Martin Corp., Raytheon Co., General Dynamics Corp. and Boeing Co.</p><p>Republicans have complained that the Biden administration under-funds weapons systems, and the party will be under pressure to ensure that the military’s budget keeps pace with inflation. Texas Representative  Kay Granger, the likely next chair of the House Appropriations Committee, said in an interview she will prioritize increased defense spending.</p><p>Yet the defense industry also risks getting caught in GOP brinkmanship on spending to force Biden to cut social programs and boost border security. Protracted battles over spending could force lawmakers to rely more on interim bills to fund the government that don’t allow for new contracts. It’s likely oversight of the Pentagon’s contracting processes for expediting arms contracts awards for Ukraine will likely receive more scrutiny in a Republican-controlled Congress.</p><p>Also Read: <a href=\"https://ttm.financial/NW/1118726091\" target=\"_blank\">What Midterms Mean for the Stock Market’s &#34;Best 6 Months&#34; As Favorable Calendar Stretch Gets Under Way</a></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How the US Midterm Elections Could Affect Companies' Profits</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\">\nHow the US Midterm Elections Could Affect Companies' Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-02 10:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-01/midterm-elections-2022-how-businesses-are-affected-by-who-controls-congress?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>End of one-party economic policy seen after midtermsUS House Minority Leader Kevin McCarthy, a Republican from California, center, during the America First Policy Institute's America First Agenda ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-01/midterm-elections-2022-how-businesses-are-affected-by-who-controls-congress?srnd=markets-vp\">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",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-01/midterm-elections-2022-how-businesses-are-affected-by-who-controls-congress?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2280931319","content_text":"End of one-party economic policy seen after midtermsUS House Minority Leader Kevin McCarthy, a Republican from California, center, during the America First Policy Institute's America First Agenda Summit in Washington.Photographer: Al Drago/BloombergA Republican takeover of Congress would reshape the fiscal and regulatory landscape for a wide range of businesses that have grappled for nearly two years with Democratic efforts to boost taxes and tighten rules.Next week’s midterm elections are expected to usher in a new era of divided government, with polls showing Democrats losing control of the House and possibly the Senate. That would spell the end of President Joe Biden’s agenda.For businesses, the biggest impact of a GOP ascent would be the end of one-party economic policy. Democrats would no longer be able to use the partisan budget maneuvers to ram through tax increases, change Medicare drug policies, and pass pandemic relief spending that many economists say helped fuel inflation.Even in a divided government, though, there may be room for compromises on border security and legal immigration that could address the labor shortages vexing US industries, along with possible agreements to streamline permitting and leasing for energy projects. Yet, GOP lawmakers are vowing to investigate Biden’s administration, reject his appointees to key jobs and wage a fight over the US debt limit that risks rattling markets — politically charged moves that could interfere with any bipartisan deal-making.With a week until Election Day, here’s a look at what’s at stake for business:Republican Congress Would Put Brakes on Business Tax IncreaseDemocrats came within one Senate vote of raising the corporate tax rate to 25% and imposing a global minimum profits tax. The risk of that being resurrected goes away if the GOP takes the House as expected, along with the chances of a windfall profit tax for oil companies. The midterm outcome will also likely shape December talks on renewing research and development tax breaks.Republicans have said that in the majority they will push to extend expiring provisions of the 2017 tax cuts signed by former President Donald Trump tax cuts. Two provisions of that law are especially valuable to businesses: the 20% deduction on qualified income for many pass-through entities that expires in 2025 and bonus depreciation for qualified business purchases that phases down fully in 2027.Anti-tax activist Grover Norquist predicts a GOP Congress would negotiate with the White House a two-year extension of those provisions before the end of 2024.Former top Senate GOP aide Rohit Kumar, now at PWC, predicts the GOP would force tough votes on a reconciliation bill extending the Trump tax law to pressure moderate Democrats to agree to small business relief. “That would set the table for a final negotiation in 2025,” he said.Energy Production Could Get Boost, Climate Measures ParedRepublicans plan to push for expanded domestic energy production if they take the majority and will try to use voter frustration over high gasoline prices to get the Biden administration to go along. The House Energy and Commerce Committee will look to boost development of hydrogen projects, streamline permitting and development of nuclear power plants, and accelerate approval for liquefied natural gas export facilities, Representative Bill Johnson, an Ohio Republican who serves on the committee, said.Those measures, if enacted, would benefit companies such as nuclear operator Southern Co., small modular reactor maker NuScale Power Corp., and liquefied natural gas exporter Cheniere Energy, Inc. They could benefit drillers like Halliburton Co. and oil producers such as Exxon Mobil Corp. Johnson also plans to target a Biden administration rule phasing out some natural gas furnaces that drew the ire of the American Gas Association, which represents utilities such as Dominion Energy, Inc. and DTE Energy Co.Wind turbines at the San Gorgonio Pass wind farm Palm Springs, Calif.Photographer: Bing Guan/BloombergRepublicans are already vowing strict oversight over hundreds of billions of dollars in lending authority that Biden’s Inflation Reduction Act gave to the Energy Department. Meanwhile, carmakers’ desire for an additional $7 billion in spending on electric-vehicle charging stations, favored by companies like General Motors Co. and Ford Motor Co., is likely to go ignored by GOP lawmakers. Biden cut his request for $15 billion in EV charger money in half to win GOP support for his bipartisan infrastructure bill and a second Democrats-only climate bill focused on extending EV tax credits for consumers.US Chamber of Commerce Executive Vice President Neil Bradley said he doesn’t see the GOP being able to claw back money for renewable energy or reverse Biden’s past tax increases given the legislative hurdles in the Senate. “You are not un-ringing that bell in divided government,” he said.Financial Regulations Could be Delayed or ThwartedTrading firms including Robinhood Markets Inc. would benefit from a takeover by Republicans, who have sought to thwart planned regulations from the Securities and Exchange Commission under Gary Gensler. GOP lawmakers can delay rule-making with information requests to the SEC and language in annual funding bills directing the agency to hold off on regulating.Meanwhile, one of the biggest targets for corporations is an SEC plan to require companies to disclose their greenhouse-gas emissions and in some cases from their suppliers and customers. Proposed in March, the rule has drawn the ire of industries from oil to farming. Exxon Mobil, Meta Platforms Inc. and Walmart Inc. have weighed in.The SEC is also looking to add regulation on the crypto-currency industry.Private equity firms and hedge funds could also benefit from any slowdown in SEC rulemaking. Gensler has proposed forcing them to disclose more about their fees and putting in place new restrictions, all of which have drawn the industry’s ire.Antitrust Bill Opposed by Tech Companies Unlikely to PassSilicon Valley would likely be spared in a Republican Congress from sweeping legislation aimed at anti-competitive behavior by tech companies such as Apple Inc., Amazon.com Inc. and Alphabet Inc.’s Google. The bill has sponsors in both parties and has been cleared by key House and Senate committees, yet the tech industry has helped to stall the measure’s progress with lobbying campaign that has topped $100 million.House Republican leader Kevin McCarthy and likely House Judiciary Committee Chair Jim Jordan oppose the antitrust bill, which would have to be reintroduced if it doesn’t get a vote in the current Congress by the end of the year.Representative Jim Jordan, a Republican from Ohio, speaks during a House Judiciary Committee hearing in Washington.Photographer: Michael Reynolds/EPAGOP lawmakers plan instead to focus on ending what they see as censorship of conservative voices on social media platforms, including by removing legal liability protections under Section 230, giving users an avenue to appeal when their content is removed and requiring more transparency from tech companies. None of these content-focused proposals is likely to become law, owing to insufficient support in the Senate and the strong odds of a Biden veto.Tougher Regulations For Hospitals, InsurersHospitals, insurers and pharmaceutical benefit managers face the prospect of tough new regulations pushed by a Republican Congress, with the possible support from Democrats and the Biden administration. GOP lawmakers have promised to beef up requirements that hospitals post their prices online and lower drug costs by targeting drug industry middlemen known as pharmaceutical benefit managers. Party leaders have tried to shift away from promises to tear down the Affordable Care Act — also known as Obamacare — or restrict abortion rights, focusing instead on Americans’ rising medical bills.A CVS pharmacy store in San Francisco.Photographer: David Paul Morris/BloombergCathy McMorris Rodgers, the top Republican on the House Energy and Commerce Committee, ran ads in her home state of Washington vowing to require hospitals, insurers and doctors to disclose prices so consumers can shop around. Three pharmaceutical managers make up more than two-thirds of the total US market: Express Scripts Inc., CVS Health Corp. and OptumRx Inc., HCA Healthcare Inc., Ascension Health and Tenet Healthcare Corp. are hospital companies that may be affected.Many Democrats remain frustrated by the limited nature of the drug price negotiation provisions for Medicare in the Inflation Reduction Act, with just 10 drugs coming under negotiation in 2026. Expanding that power is unlikely under GOP control. Johnson & Johnson, Merck & Co. Inc., Pfizer Inc. and Eli Lilly & Co. have products that Medicare spends heavily on.Five-Year, $428 Billion Farm Bill Up for RenewalThe next Congress will need to pass another five-year Farm Bill governing direct agricultural subsidies, crop insurance, food stamps and conservation programs. The 2018 farm bill authorized $428 billion in spending over five years, with about three-quarters devoted to food assistance and a quarter to farm supports.Renewing the farm bill, a pillar of domestic agribusiness, could be more difficult under GOP control. Some conservatives want to see farm subsidies cut, though there is broad support in both parties to maintain spending. The bigger issue will likely come on nutrition programs that the GOP has previously targeted over eligibility requirements and conservation programs. Food stamps help boost sales of groceries at retail chains such as Walmart and Kroger Co. by providing low-income recipients a way of buying more food.A tree shaker removes walnuts from trees at Barton Ranch in Escalon, Calif. The state is the biggest global shipper of walnuts and second-largest grower after China.Photographer: David Paul Morris/BloombergDirect federal government payments are a significant contributor to farm profits, accounting for between 18% and 48% of annual net US farm income since 2018, according to the US Agriculture Department. The extra income for farmers helps boost sales for seed, pesticide, fertilizer and equipment providers such as The Mosaic Co. and Deere & Co. It also reduces costs for major grain buyers such as Cargill Inc. and Archer-Daniels-Midland Co. and meat and poultry processors such as Tyson Foods Inc. that purchase animal feed.Weapons Makers Could See Boost in ContractingA GOP-led Congress offers both opportunities and peril for he biggest US defense contractors including Lockheed Martin Corp., Raytheon Co., General Dynamics Corp. and Boeing Co.Republicans have complained that the Biden administration under-funds weapons systems, and the party will be under pressure to ensure that the military’s budget keeps pace with inflation. Texas Representative  Kay Granger, the likely next chair of the House Appropriations Committee, said in an interview she will prioritize increased defense spending.Yet the defense industry also risks getting caught in GOP brinkmanship on spending to force Biden to cut social programs and boost border security. Protracted battles over spending could force lawmakers to rely more on interim bills to fund the government that don’t allow for new contracts. It’s likely oversight of the Pentagon’s contracting processes for expediting arms contracts awards for Ukraine will likely receive more scrutiny in a Republican-controlled Congress.Also Read: What Midterms Mean for the Stock Market’s \"Best 6 Months\" As Favorable Calendar Stretch Gets Under Way","news_type":1},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9070383166,"gmtCreate":1657014657855,"gmtModify":1676535932027,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"For Alphabet (GOOGL) good buy but difficult to buy average price if it fall further since per share price is $3k plus. The other share is good buy.","listText":"For Alphabet (GOOGL) good buy but difficult to buy average price if it fall further since per share price is $3k plus. The other share is good buy.","text":"For Alphabet (GOOGL) good buy but difficult to buy average price if it fall further since per share price is $3k plus. The other share is good buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070383166","repostId":"1163425052","repostType":4,"repost":{"id":"1163425052","kind":"news","pubTimestamp":1657012808,"share":"https://ttm.financial/m/news/1163425052?lang=&edition=fundamental","pubTime":"2022-07-05 17:20","market":"us","language":"en","title":"Which Strong Buy FAANG Stock Does Wall Street Love this Month?","url":"https://stock-news.laohu8.com/highlight/detail?id=1163425052","media":"ipRanks","summary":"Story HighlightsFAANG stocks have failed to hold their own amid the recent barrage of market chaos. ","content":"<html><head></head><body><p><b>Story Highlights</b></p><blockquote>FAANG stocks have failed to hold their own amid the recent barrage of market chaos. Despite their recent slides, many analysts remain incredibly upbeat on the following three FAANG stocks, even as recession risks surge.</blockquote><p>FAANG stocks have been unable to steer clear of the market hailstorm that’s hit the tech sector. Though high-flying hyper-growth stocks have dragged stocks lower in the first half, the fallen FAANG stocks still appear like great long-term holds, even as rates and recession risks rise by the month.</p><p>Many may be quick to conclude that FAANG is dead. And although the acronym may be in need of an update following the epic blow-up of Meta (<b>META</b>) and Netflix (<b>NFLX</b>) in the first half, I’d argue that the broader basket needs more time to demonstrate its resilience.</p><p>As America’s top tech titans brace themselves for an economic slowdown, investors and analysts have been quick to temper expectations. Given their tremendous resilience, I’d argue it’s likely that it’s the FAANG stocks that could provide leadership as markets look to rebound.</p><p>In this piece, we usedTipRanks’ Comparison tool to have a closer look at three Strong-Buy-rated FAANG stocks.</p><p><img src=\"https://static.tigerbbs.com/ace53c3866bdfaad3c5b11b393044de7\" tg-width=\"1024\" tg-height=\"322\" referrerpolicy=\"no-referrer\"/></p><p><b>Alphabet (GOOGL)</b></p><p>Alphabet is a wonderful tech company that you can never count out. The company caused a bit of a stir when it reported a mild earnings miss in its first quarter, with $24.62 per-share earnings, missing the $25.89 estimate.</p><p>In a market that doesn’t even reward earnings beats, you can bet that earnings misses will be met with tremendous selling pressure. Though Alphabet’s rare quarterly flop may be viewed as the beginning of a disturbing trend, I’d argue that things weren’t nearly as ugly as they seemed under the hood.</p><p>The search and cloud businesses were remarkably strong. Internet video behemoth YouTube acted as a major drag for the quarter, thanks in part to significant competition for user engagement and the reopening of the economy. Indeed, many shut-in consumers have been going out, rather than spending hours on custom-tailored videos served up by the YouTube algorithm.</p><p>Though lockdown tailwinds are unlikely to return, even as new COVID variants do, I view YouTube as a powerful platform that could recover ahead of an economic slowdown.</p><p>YouTube isn’t just a magnificent entertainment platform. It’s one that could be a lot more recession-resilient than skeptics think.</p><p>As the economy slows down, consumers won’t be in a hurry to spend considerable sums anymore. Many may ditch their paid subscriptions, and start going out less to curb their monthly spending. As they do, people could spend more time engaging with YouTube’s free, ad-based platform.</p><p>Though YouTube subscriptions could decline, I view the ad business as one that could take off as free entertainment tiers get a chance to shine.</p><p>There’s nothing wrong with YouTube. Softness in the first quarter seems like more of a road bump than the beginning of an insidious trend. As YouTube bounces back, while search and cloud continue powering higher, GOOG stock makes for an exciting dip-buy. At writing, the stock trades at 5.3 times sales and 19.8 times trailing earnings.</p><p>Wall Street is upbeat, with the average Alphabet price target of $3,116.90, implying a 43.32% upside.</p><p><img src=\"https://static.tigerbbs.com/22b03b1ce490c1ab4e4893d884b13e4f\" tg-width=\"1024\" tg-height=\"344\" referrerpolicy=\"no-referrer\"/></p><p><b>Apple (AAPL)</b></p><p>Apple is another high-quality FAANG stock that investors don’t seem to be giving the benefit of the doubt. Despite clocking in a solid Q1 earnings beat, the cautious guide startled investors. There are supply-side constraints that not even Apple can navigate through without enduring a bit of pain.</p><p>Still, as Apple moves past such issues in the second half, there are reasons to believe that demand could stay strong, as wealthier consumers continue to spend on the latest and greatest Apple devices and services. It’s encouraging that Apple fans tend to have a bit more disposable income than more cost-conscious Android users.</p><p>Apple’s strong brand may help it dampen the downside in a recession. However, it’s an innovation that could help Apple shrug off a coming 2023 economic slide. The much-anticipated mixed-reality headset is rumored to launch in early 2023.</p><p>As you may remember, Apple unveiled the first iPhone in the face of the Great Financial Crisis. Looking back, the market crash of 2008 is just a small blip. Could Apple’s big headset launch induce upside such that the 2022 plunge will be dwarfed in a few years’ time? I’d argue it’s likely.</p><p>Wall Street is staying bullish, with the average Apple price target of $186.09, implying a 34.0% upside.</p><p><img src=\"https://static.tigerbbs.com/79c3baa550a4f7d7afb7414d0195a4b3\" tg-width=\"1024\" tg-height=\"344\" referrerpolicy=\"no-referrer\"/></p><p><b>Microsoft (MSFT)</b></p><p>Last, but not least, we have enterprise juggernaut Microsoft, which bucked the trend, with a strong recent quarter along with optimistic guidance. How has Microsoft been able to pivot so effectively where its FAANG peers have fallen?</p><p>Microsoft doesn’t just have excellent managers running the show under CEO Satya Nadella. Enterprise spending has been incredibly robust, and it could stay this way as the consumer begins to get sluggish. Microsoft’s Azure business has been virtually unstoppable amid the digital transformation.</p><p>As the company looks to take its Xbox gaming business to new highs, count me as unsurprised if Microsoft becomes a dominant software player in the metaverse. Yes, the metaverse remains abstract, but Microsoft has the tools it needs to make a smooth transition.</p><p>At writing, Microsoft trades at 27.1 times trailing earnings and 10.1 times sales. It’s the second-priciest FAANG stock on a price-to-earnings basis. However, given its relative resilience, the stock doesn’t seem all that pricey.</p><p>Wall Street is extremely bullish, with the average Microsoft price target of $352.57, implying a 35.9% upside.</p><p><img src=\"https://static.tigerbbs.com/1cdefd8f7e316ab430b0b5141f0a2121\" tg-width=\"1024\" tg-height=\"344\" referrerpolicy=\"no-referrer\"/></p><p><b>Conclusion</b></p><p>FAANG stocks still seem like great buys, even though they’ve faded alongside the broader market. At this juncture, analysts expect most from Alphabet over the year ahead. Personally, I find it hard to pick just one of the three Strong Buy-rated FAANG stars.</p></body></html>","source":"lsy1606183248679","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>Which Strong Buy FAANG Stock Does Wall Street Love this Month?</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\">\nWhich Strong Buy FAANG Stock Does Wall Street Love this Month?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-05 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/which-strong-buy-faang-stock-does-wall-street-love-this-month/><strong>ipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsFAANG stocks have failed to hold their own amid the recent barrage of market chaos. Despite their recent slides, many analysts remain incredibly upbeat on the following three FAANG ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/which-strong-buy-faang-stock-does-wall-street-love-this-month/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","AAPL":"苹果","MSFT":"微软","GOOGL":"谷歌A"},"source_url":"https://www.tipranks.com/news/article/which-strong-buy-faang-stock-does-wall-street-love-this-month/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163425052","content_text":"Story HighlightsFAANG stocks have failed to hold their own amid the recent barrage of market chaos. Despite their recent slides, many analysts remain incredibly upbeat on the following three FAANG stocks, even as recession risks surge.FAANG stocks have been unable to steer clear of the market hailstorm that’s hit the tech sector. Though high-flying hyper-growth stocks have dragged stocks lower in the first half, the fallen FAANG stocks still appear like great long-term holds, even as rates and recession risks rise by the month.Many may be quick to conclude that FAANG is dead. And although the acronym may be in need of an update following the epic blow-up of Meta (META) and Netflix (NFLX) in the first half, I’d argue that the broader basket needs more time to demonstrate its resilience.As America’s top tech titans brace themselves for an economic slowdown, investors and analysts have been quick to temper expectations. Given their tremendous resilience, I’d argue it’s likely that it’s the FAANG stocks that could provide leadership as markets look to rebound.In this piece, we usedTipRanks’ Comparison tool to have a closer look at three Strong-Buy-rated FAANG stocks.Alphabet (GOOGL)Alphabet is a wonderful tech company that you can never count out. The company caused a bit of a stir when it reported a mild earnings miss in its first quarter, with $24.62 per-share earnings, missing the $25.89 estimate.In a market that doesn’t even reward earnings beats, you can bet that earnings misses will be met with tremendous selling pressure. Though Alphabet’s rare quarterly flop may be viewed as the beginning of a disturbing trend, I’d argue that things weren’t nearly as ugly as they seemed under the hood.The search and cloud businesses were remarkably strong. Internet video behemoth YouTube acted as a major drag for the quarter, thanks in part to significant competition for user engagement and the reopening of the economy. Indeed, many shut-in consumers have been going out, rather than spending hours on custom-tailored videos served up by the YouTube algorithm.Though lockdown tailwinds are unlikely to return, even as new COVID variants do, I view YouTube as a powerful platform that could recover ahead of an economic slowdown.YouTube isn’t just a magnificent entertainment platform. It’s one that could be a lot more recession-resilient than skeptics think.As the economy slows down, consumers won’t be in a hurry to spend considerable sums anymore. Many may ditch their paid subscriptions, and start going out less to curb their monthly spending. As they do, people could spend more time engaging with YouTube’s free, ad-based platform.Though YouTube subscriptions could decline, I view the ad business as one that could take off as free entertainment tiers get a chance to shine.There’s nothing wrong with YouTube. Softness in the first quarter seems like more of a road bump than the beginning of an insidious trend. As YouTube bounces back, while search and cloud continue powering higher, GOOG stock makes for an exciting dip-buy. At writing, the stock trades at 5.3 times sales and 19.8 times trailing earnings.Wall Street is upbeat, with the average Alphabet price target of $3,116.90, implying a 43.32% upside.Apple (AAPL)Apple is another high-quality FAANG stock that investors don’t seem to be giving the benefit of the doubt. Despite clocking in a solid Q1 earnings beat, the cautious guide startled investors. There are supply-side constraints that not even Apple can navigate through without enduring a bit of pain.Still, as Apple moves past such issues in the second half, there are reasons to believe that demand could stay strong, as wealthier consumers continue to spend on the latest and greatest Apple devices and services. It’s encouraging that Apple fans tend to have a bit more disposable income than more cost-conscious Android users.Apple’s strong brand may help it dampen the downside in a recession. However, it’s an innovation that could help Apple shrug off a coming 2023 economic slide. The much-anticipated mixed-reality headset is rumored to launch in early 2023.As you may remember, Apple unveiled the first iPhone in the face of the Great Financial Crisis. Looking back, the market crash of 2008 is just a small blip. Could Apple’s big headset launch induce upside such that the 2022 plunge will be dwarfed in a few years’ time? I’d argue it’s likely.Wall Street is staying bullish, with the average Apple price target of $186.09, implying a 34.0% upside.Microsoft (MSFT)Last, but not least, we have enterprise juggernaut Microsoft, which bucked the trend, with a strong recent quarter along with optimistic guidance. How has Microsoft been able to pivot so effectively where its FAANG peers have fallen?Microsoft doesn’t just have excellent managers running the show under CEO Satya Nadella. Enterprise spending has been incredibly robust, and it could stay this way as the consumer begins to get sluggish. Microsoft’s Azure business has been virtually unstoppable amid the digital transformation.As the company looks to take its Xbox gaming business to new highs, count me as unsurprised if Microsoft becomes a dominant software player in the metaverse. Yes, the metaverse remains abstract, but Microsoft has the tools it needs to make a smooth transition.At writing, Microsoft trades at 27.1 times trailing earnings and 10.1 times sales. It’s the second-priciest FAANG stock on a price-to-earnings basis. However, given its relative resilience, the stock doesn’t seem all that pricey.Wall Street is extremely bullish, with the average Microsoft price target of $352.57, implying a 35.9% upside.ConclusionFAANG stocks still seem like great buys, even though they’ve faded alongside the broader market. At this juncture, analysts expect most from Alphabet over the year ahead. Personally, I find it hard to pick just one of the three Strong Buy-rated FAANG stars.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4096599098888750","authorId":"4096599098888750","name":"Fadzli13","avatar":"https://community-static.tradeup.com/news/15e467ec92dd53b5422e77e7a427c1bf","crmLevel":2,"crmLevelSwitch":1,"idStr":"4096599098888750","authorIdStr":"4096599098888750"},"content":"Might need to wait for the upcoming stock split to make it more accessible to a wider range of people.","text":"Might need to wait for the upcoming stock split to make it more accessible to a wider range of people.","html":"Might need to wait for the upcoming stock split to make it more accessible to a wider range of people."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035647832,"gmtCreate":1647594242952,"gmtModify":1676534248727,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Can Tiger help to transfer out the China ADR to HK Stock Exchange&nbsp;if it is delisted In US, ??","listText":"Can Tiger help to transfer out the China ADR to HK Stock Exchange&nbsp;if it is delisted In US, ??","text":"Can Tiger help to transfer out the China ADR to HK Stock Exchange if it is delisted In US, ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035647832","repostId":"1130532398","repostType":4,"repost":{"id":"1130532398","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":1647590694,"share":"https://ttm.financial/m/news/1130532398?lang=&edition=fundamental","pubTime":"2022-03-18 16:04","market":"us","language":"en","title":"Over 90% of UP Fintech’s Q4 Newly Funded Accounts Came from Outside China, Achieving 119% of the Annual Target","url":"https://stock-news.laohu8.com/highlight/detail?id=1130532398","media":"Tiger Newspress","summary":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all ","content":"<html><head></head><body><p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2021. Total revenue in the fourth quarter was US$62.2 million, and total revenue for the year 2021 reached US$264.5 million, a year-over-year increase of 91%. Non-GAAP net income was US$24.5 million.</p><p>At the end of 2021, customer accounts totaled 1.8 million, and the number of customers with deposits increased to 673,400. Furthermore, the company added 414,700 new funded accounts in 2021, more than all of its past annual funded account growth combined. In total, the company achieved 119% of its annual funded account growth target in 2021. During the fourth quarter, the company’s trading volume increased to US$85.9 billion, with total client assets reaching US$17.1 billion. The company’s annual trading volume totaled US$404.3 billion, 1.8 times that of the previous year.</p><p>Mr. Wu Tianhua, CEO and founder of UP Fintech commented, “In 2021, despite fluctuations in global financial markets and significant uncertainties, our focus on our internationalization strategy drove steady growth. In thefourth quarter, over 90% of new funded accounts came from international markets, with a large portion of the new funded accounts coming from Singapore. UP Fintech maintains leading market share in Singapore and the company&#39;s Singapore headquarters contributed to making the market as one of key growth drivers, both in the number of total accounts and newly acquired accounts. The fourth quarter was the third consecutive quarter of more than 100% year-over-year growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore&#39;s population aged 20 and above. In the year since we began to ramp up our self-clearing capabilities, we have made substantial progress and now self-clear over 80% of customers’ U.S. cash equities trades. Our firm’s capability to deploy proprietary technologies on our fintech platform demonstrates the contributions that Chinese innovation is making to the global brokerage industry. Our B2B businesses reached new milestones this year: as of December 31st, 2021, 90% of new issuers with market capitalization in excess ofHK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service. Overall, our company’s comprehensive enterprise services are gaining increasing recognition within the industry. In coming years, the company looks forward to entering new international markets and enabling a greater range of investors to allocate their assets globally on our innovative fintech platform.”</p><p><b>Over 90% of Newly Funded Accounts Came from Outside China as the Company Executes on its Global Expansion Strategy</b></p><p>Driven by strong growth in international markets,UP Fintechfurther expanded its client base. The company added 61,400 new funded accounts during the fourth quarter of which over 90% came from outside China. Furthermore, in 2021, the company added a total of 414,700 new funded accounts, achieving 119% of its annual target. In the fourth quarter, the company&#39;s trading volume was US$85.9 billion, client assets reached US$17.1 billion, commission income was up to US$29.9 million, and interest-related income increased to US$22.5 million.</p><p>At a time of global macroeconomic uncertainty, UP Fintechcontinues focus on its long-term expansion plans with a focus on improving the customer experience. To increase customer choice on its platform, the company recently added new functions such as bracket orders and a new display for analyzing diluted cost positions. The company also recently added an option screener and option list to better meet the needs of investors who trade options. In Australia,UP Fintechbegan to meet the needs of local investors by adding multi-dimensional analysis tools and real-time level 2 market data. Investors on the firm’s platform may view a rich range of financial metrics such as capital flow analysis and lists of corporate actions.</p><p>In addition,the company&#39;s wealth management business continued to attract more clients as the number of available investment products continued to rise. At the end of the fourth quarter, the company’s Fund Mall enabled another 661 funds for investors to choose from. As the selection of funds has increased, the number of customers investing in the Fund Mall increased by 377.5% year-over-year, and the AUM of the Fund Mall increased by 290.1% year-over-year. ForCash Plus, the company’s idle cash management product,the number of customers and their cumulative transfer value during the fourth quarter was nearly double that of the same period last year. The company also added HKD and SGD currencies to the Fund Mall to further meet customers global asset allocation needs.</p><p>The company offered 26 IPO subscriptions in Hong Kong and The U.S. during the fourth quarter, including several high-profile listings such as those of NetEase Cloud Music and Sense Time. For the full year 2021, the company in total offered 123 IPO subscriptions.The company is becoming one of the top platforms for retail investors to participate in new listings in Hong Kong; retail orders for larger listings such as those of Kuaishou and JD Logistics exceeded HK$10 billion. The company also assisted issuers in connecting with its investor base and highlighting their business performance by helping them hold online roadshows and broadcasting their earnings conference calls. During the year, the company held more than 60% of courses about high-quality Asian assets to investors.</p><p>The company continued to invest in key brokerage technologies to enhance its capability to manage securities trading from the front end to execution and clearing. Self-clearing has long been the purview of traditional banks, but the company continues to ramp up its capability to conduct self-clearing and by the end of the fourth quarter, over 80% of clients were having their U.S. cash equities trades self-cleared. As a result of the company’s investment in clearing technology, clearing costsdeclined quarter over quarter by 27.8%.</p><p>As part of its international expansion, the company continued to obtain new licenses and qualifications in multiple international jurisdictions. The firm now holds 50 licenses and qualifications across 37 categories in Hong Kong, Singapore, The U.S., New Zealand, and Australia. The company looks forward to using these licenses to further support its international expansion.</p><p>UP Fintechis also receiving growing recognition in international capital markets and in 2021 was selected for inclusion in the MSCI China All Shares Index and the MSCI China Small Cap Index.</p><p><b>The fourth quarter was the third consecutive quarter of more than 100% YoY growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore&#39;s population aged 20+</b></p><p>Since entering Singapore in February 2020,UP Fintechhas continued to consolidate its position in the local market. More than half of new funded accounts in the fourth quarter came from Singapore. According to App Annie, as of the end of 2021, as measured by the total number of accounts and downloads,UP Fintech’s flagship mobile trading App, Tiger Trade, led the online brokerage market in Singapore.The fourth quarter wasthe third consecutive quarter of over 100%year-over-yeargrowth in funded accounts in Singapore,and the numberof registered accounts now represents 15% of Singapore&#39;s population aged 20or above. In addition, approximately 30% of the new funded accountsin Singaporein the fourth quarter came from users over the age of 40, which demonstrates the firm’s trading platform appeals to a wide range of investors.</p><p>UP Fintech’s leading position in the Singapore market is due to its relentless focus on localization. In the fourth quarter, to better meet the needs of local clients, the company added a new module to allow easy display of Singapore companies listed in The U.S. market. The company also added new features such as industry classifications and sponsor data to assist customers learn more about local investment opportunities.</p><p>In the fourth quarter, the company offered customers in Singapore the opportunity to subscribe shares from two local issuers. The company also enabled institutional clients in Singapore the ability to participate in the global offerings of new issuers in Hong Kong, further increasing the ability of local investors to participate in China’s capital markets.</p><p>The AUM ofUP Fintech’swealth management business in Singapore increased by 186.5% while the number of customers increased by 223.9% quarter-over-quarter respectively. To increase the value proposition of Cash Plus in international markets, the company introduced lower thresholds for customers to invest their capital in Cash Plus. Local customers may now invest in Cash Plus with just 1 USD, 1 SGD, or 5 HKD and may transfer their funds in and out at any time. During the year, the company joined the Securities Association of Singapore and was honored that its subsidiary, Tiger Brokers (Singapore) Pte. Ltd., was officially admitted as a trading member of Singapore Exchange Securities Trading Limited and Singapore Exchange Derivatives Trading Limited, and clearing member and depository agent of The Central Depository (Pte) Limited. The company is the first fintech enabled brokerage in the world to obtain such qualifications in Singapore. In November 2021, UP Fintech’s Singapore subsidiary was Named as &#34;Asia&#39;s Most Innovative Company&#34; by Fortune Times, a Singapore based business magazine, demonstrating the company’s innovative platform is gaining increasing recognition from local media.</p><p><b>The Cumulative Number of ESOP Clients at the End of 2021 was 2.5X Higher than the Year Before and Annual Enterprise Services Revenue Increased by 67%</b></p><p>Corporate services such as investment banking and ESOP have become a new driver of the company’s long-term growth. According to the company’s Q4 financial results, other revenues, which includes revenue from investment banking and ESOP, reached US$9.8 million in Q4, and annual revenue from this segment reached US$37.7 million, an increase of 67% from the prior year.</p><p>As of December 31st, 2021, 90% of new issuers with market capitalization in excess of HK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service.</p><p></p><p>During the fourth quarter, the company leveraged the strength of its innovative platform and comprehensive range of services to participate in the underwriting and distribution of 22 listings in The U.S. and Hong Kong. In Hong Kong, the company acted as an underwriter in the global offerings of NetEase Cloud Music, Sense Time, and Airdoc. For the listing of NetEase Cloud Music, the company was the sole online broker to participate in the global offering. In The U.S., the company leveraged its rich investment banking experience, licenses, and technical capabilities to serve as an underwriter for 15 U.S. IPOs. The 2021 IPO of Kuke Music was another notable milestone for the company; the company was the first online broker to serve as the lead underwriter in a U.S. IPO.</p><p>In the fourth quarter, the company’s investment bank continued to provide a rich range of services to next generation technology companies at multiple stages of their growth, from pre-IPO financial advisory to post listing capital markets services. In 2021, the company provided financial advisory services to over 30 companies. Finally, the company also assisted Canadian Solar conduct an ATM (At The Market) offering to raise additional capital to support the expansion of its green energy business.</p><p>With regards to the company’s ESOP business,UP Fintechadded 51 new clients during the quarter. Despite launching the business just over three years ago, the total number of clients served by the company’s ESOP system reached 313, an increase of 152.4% year-over-year. The company’s ESOP system has extensive capabilities that allow it serve clients listed in Hong Kong, The U.S., and China; the company’s ESOP system also serves a diverse range of pre-IPO clients.</p><p>As a global ESOP provider, the company offers comprehensive services for corporate ESOP management across multiple capital markets. In the fourth quarter, Tiger ESOP provided the pharmaceutical R&amp;D company, Pharmaron, with equity incentive management solutions for both A+H share capital markets. At the same time,UP Fintechalso provided ESOP-related tax, foreign exchange, and other specialized services for Pharmaron’&#39;s multinational employee base that includes British, American, and Chinese nationals. UP Fintech’s capability to provide ESOP and other ancillary services across multiple capital markets and nationalities is a testament to the sophistication of its ESOP system and ability to meet clients’ complex needs.</p><p>On the company’s vibrant social media community, The Tiger Community, 35 new corporations opened enterprise accounts in the fourth quarter, including seven internationally renowned fund companies, such as Fidelity International and Lion Global Investors. As more and more corporations open enterprise accounts in the Tiger Community, the company’s 9+ million user base is able to increase its interaction and understanding of the vast range of issuers and fund companies present in the community.</p><p>UP Fintech’s online community continues to build its position as a preferred investor relations &amp; PR platform for next generation technology companies. The company recently assisted Xiaomi hold an online product launch, helped organize an online conference for Kuaishou, and held a listing anniversary for Dada Nexus. Corporates are drawn to enterprise accounts as they may employ innovative marketing materials, such as interactive graphics and livestreams, to directly connect with investors and customers.Many enterprise accounts have already received over one million views and the company looks forward to inviting more investors and corporates to participate in its online community.</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>Over 90% of UP Fintech’s Q4 Newly Funded Accounts Came from Outside China, Achieving 119% of the Annual Target</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\">\nOver 90% of UP Fintech’s Q4 Newly Funded Accounts Came from Outside China, Achieving 119% of the Annual Target\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-18 16:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2021. Total revenue in the fourth quarter was US$62.2 million, and total revenue for the year 2021 reached US$264.5 million, a year-over-year increase of 91%. Non-GAAP net income was US$24.5 million.</p><p>At the end of 2021, customer accounts totaled 1.8 million, and the number of customers with deposits increased to 673,400. Furthermore, the company added 414,700 new funded accounts in 2021, more than all of its past annual funded account growth combined. In total, the company achieved 119% of its annual funded account growth target in 2021. During the fourth quarter, the company’s trading volume increased to US$85.9 billion, with total client assets reaching US$17.1 billion. The company’s annual trading volume totaled US$404.3 billion, 1.8 times that of the previous year.</p><p>Mr. Wu Tianhua, CEO and founder of UP Fintech commented, “In 2021, despite fluctuations in global financial markets and significant uncertainties, our focus on our internationalization strategy drove steady growth. In thefourth quarter, over 90% of new funded accounts came from international markets, with a large portion of the new funded accounts coming from Singapore. UP Fintech maintains leading market share in Singapore and the company&#39;s Singapore headquarters contributed to making the market as one of key growth drivers, both in the number of total accounts and newly acquired accounts. The fourth quarter was the third consecutive quarter of more than 100% year-over-year growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore&#39;s population aged 20 and above. In the year since we began to ramp up our self-clearing capabilities, we have made substantial progress and now self-clear over 80% of customers’ U.S. cash equities trades. Our firm’s capability to deploy proprietary technologies on our fintech platform demonstrates the contributions that Chinese innovation is making to the global brokerage industry. Our B2B businesses reached new milestones this year: as of December 31st, 2021, 90% of new issuers with market capitalization in excess ofHK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service. Overall, our company’s comprehensive enterprise services are gaining increasing recognition within the industry. In coming years, the company looks forward to entering new international markets and enabling a greater range of investors to allocate their assets globally on our innovative fintech platform.”</p><p><b>Over 90% of Newly Funded Accounts Came from Outside China as the Company Executes on its Global Expansion Strategy</b></p><p>Driven by strong growth in international markets,UP Fintechfurther expanded its client base. The company added 61,400 new funded accounts during the fourth quarter of which over 90% came from outside China. Furthermore, in 2021, the company added a total of 414,700 new funded accounts, achieving 119% of its annual target. In the fourth quarter, the company&#39;s trading volume was US$85.9 billion, client assets reached US$17.1 billion, commission income was up to US$29.9 million, and interest-related income increased to US$22.5 million.</p><p>At a time of global macroeconomic uncertainty, UP Fintechcontinues focus on its long-term expansion plans with a focus on improving the customer experience. To increase customer choice on its platform, the company recently added new functions such as bracket orders and a new display for analyzing diluted cost positions. The company also recently added an option screener and option list to better meet the needs of investors who trade options. In Australia,UP Fintechbegan to meet the needs of local investors by adding multi-dimensional analysis tools and real-time level 2 market data. Investors on the firm’s platform may view a rich range of financial metrics such as capital flow analysis and lists of corporate actions.</p><p>In addition,the company&#39;s wealth management business continued to attract more clients as the number of available investment products continued to rise. At the end of the fourth quarter, the company’s Fund Mall enabled another 661 funds for investors to choose from. As the selection of funds has increased, the number of customers investing in the Fund Mall increased by 377.5% year-over-year, and the AUM of the Fund Mall increased by 290.1% year-over-year. ForCash Plus, the company’s idle cash management product,the number of customers and their cumulative transfer value during the fourth quarter was nearly double that of the same period last year. The company also added HKD and SGD currencies to the Fund Mall to further meet customers global asset allocation needs.</p><p>The company offered 26 IPO subscriptions in Hong Kong and The U.S. during the fourth quarter, including several high-profile listings such as those of NetEase Cloud Music and Sense Time. For the full year 2021, the company in total offered 123 IPO subscriptions.The company is becoming one of the top platforms for retail investors to participate in new listings in Hong Kong; retail orders for larger listings such as those of Kuaishou and JD Logistics exceeded HK$10 billion. The company also assisted issuers in connecting with its investor base and highlighting their business performance by helping them hold online roadshows and broadcasting their earnings conference calls. During the year, the company held more than 60% of courses about high-quality Asian assets to investors.</p><p>The company continued to invest in key brokerage technologies to enhance its capability to manage securities trading from the front end to execution and clearing. Self-clearing has long been the purview of traditional banks, but the company continues to ramp up its capability to conduct self-clearing and by the end of the fourth quarter, over 80% of clients were having their U.S. cash equities trades self-cleared. As a result of the company’s investment in clearing technology, clearing costsdeclined quarter over quarter by 27.8%.</p><p>As part of its international expansion, the company continued to obtain new licenses and qualifications in multiple international jurisdictions. The firm now holds 50 licenses and qualifications across 37 categories in Hong Kong, Singapore, The U.S., New Zealand, and Australia. The company looks forward to using these licenses to further support its international expansion.</p><p>UP Fintechis also receiving growing recognition in international capital markets and in 2021 was selected for inclusion in the MSCI China All Shares Index and the MSCI China Small Cap Index.</p><p><b>The fourth quarter was the third consecutive quarter of more than 100% YoY growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore&#39;s population aged 20+</b></p><p>Since entering Singapore in February 2020,UP Fintechhas continued to consolidate its position in the local market. More than half of new funded accounts in the fourth quarter came from Singapore. According to App Annie, as of the end of 2021, as measured by the total number of accounts and downloads,UP Fintech’s flagship mobile trading App, Tiger Trade, led the online brokerage market in Singapore.The fourth quarter wasthe third consecutive quarter of over 100%year-over-yeargrowth in funded accounts in Singapore,and the numberof registered accounts now represents 15% of Singapore&#39;s population aged 20or above. In addition, approximately 30% of the new funded accountsin Singaporein the fourth quarter came from users over the age of 40, which demonstrates the firm’s trading platform appeals to a wide range of investors.</p><p>UP Fintech’s leading position in the Singapore market is due to its relentless focus on localization. In the fourth quarter, to better meet the needs of local clients, the company added a new module to allow easy display of Singapore companies listed in The U.S. market. The company also added new features such as industry classifications and sponsor data to assist customers learn more about local investment opportunities.</p><p>In the fourth quarter, the company offered customers in Singapore the opportunity to subscribe shares from two local issuers. The company also enabled institutional clients in Singapore the ability to participate in the global offerings of new issuers in Hong Kong, further increasing the ability of local investors to participate in China’s capital markets.</p><p>The AUM ofUP Fintech’swealth management business in Singapore increased by 186.5% while the number of customers increased by 223.9% quarter-over-quarter respectively. To increase the value proposition of Cash Plus in international markets, the company introduced lower thresholds for customers to invest their capital in Cash Plus. Local customers may now invest in Cash Plus with just 1 USD, 1 SGD, or 5 HKD and may transfer their funds in and out at any time. During the year, the company joined the Securities Association of Singapore and was honored that its subsidiary, Tiger Brokers (Singapore) Pte. Ltd., was officially admitted as a trading member of Singapore Exchange Securities Trading Limited and Singapore Exchange Derivatives Trading Limited, and clearing member and depository agent of The Central Depository (Pte) Limited. The company is the first fintech enabled brokerage in the world to obtain such qualifications in Singapore. In November 2021, UP Fintech’s Singapore subsidiary was Named as &#34;Asia&#39;s Most Innovative Company&#34; by Fortune Times, a Singapore based business magazine, demonstrating the company’s innovative platform is gaining increasing recognition from local media.</p><p><b>The Cumulative Number of ESOP Clients at the End of 2021 was 2.5X Higher than the Year Before and Annual Enterprise Services Revenue Increased by 67%</b></p><p>Corporate services such as investment banking and ESOP have become a new driver of the company’s long-term growth. According to the company’s Q4 financial results, other revenues, which includes revenue from investment banking and ESOP, reached US$9.8 million in Q4, and annual revenue from this segment reached US$37.7 million, an increase of 67% from the prior year.</p><p>As of December 31st, 2021, 90% of new issuers with market capitalization in excess of HK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service.</p><p></p><p>During the fourth quarter, the company leveraged the strength of its innovative platform and comprehensive range of services to participate in the underwriting and distribution of 22 listings in The U.S. and Hong Kong. In Hong Kong, the company acted as an underwriter in the global offerings of NetEase Cloud Music, Sense Time, and Airdoc. For the listing of NetEase Cloud Music, the company was the sole online broker to participate in the global offering. In The U.S., the company leveraged its rich investment banking experience, licenses, and technical capabilities to serve as an underwriter for 15 U.S. IPOs. The 2021 IPO of Kuke Music was another notable milestone for the company; the company was the first online broker to serve as the lead underwriter in a U.S. IPO.</p><p>In the fourth quarter, the company’s investment bank continued to provide a rich range of services to next generation technology companies at multiple stages of their growth, from pre-IPO financial advisory to post listing capital markets services. In 2021, the company provided financial advisory services to over 30 companies. Finally, the company also assisted Canadian Solar conduct an ATM (At The Market) offering to raise additional capital to support the expansion of its green energy business.</p><p>With regards to the company’s ESOP business,UP Fintechadded 51 new clients during the quarter. Despite launching the business just over three years ago, the total number of clients served by the company’s ESOP system reached 313, an increase of 152.4% year-over-year. The company’s ESOP system has extensive capabilities that allow it serve clients listed in Hong Kong, The U.S., and China; the company’s ESOP system also serves a diverse range of pre-IPO clients.</p><p>As a global ESOP provider, the company offers comprehensive services for corporate ESOP management across multiple capital markets. In the fourth quarter, Tiger ESOP provided the pharmaceutical R&amp;D company, Pharmaron, with equity incentive management solutions for both A+H share capital markets. At the same time,UP Fintechalso provided ESOP-related tax, foreign exchange, and other specialized services for Pharmaron’&#39;s multinational employee base that includes British, American, and Chinese nationals. UP Fintech’s capability to provide ESOP and other ancillary services across multiple capital markets and nationalities is a testament to the sophistication of its ESOP system and ability to meet clients’ complex needs.</p><p>On the company’s vibrant social media community, The Tiger Community, 35 new corporations opened enterprise accounts in the fourth quarter, including seven internationally renowned fund companies, such as Fidelity International and Lion Global Investors. As more and more corporations open enterprise accounts in the Tiger Community, the company’s 9+ million user base is able to increase its interaction and understanding of the vast range of issuers and fund companies present in the community.</p><p>UP Fintech’s online community continues to build its position as a preferred investor relations &amp; PR platform for next generation technology companies. The company recently assisted Xiaomi hold an online product launch, helped organize an online conference for Kuaishou, and held a listing anniversary for Dada Nexus. Corporates are drawn to enterprise accounts as they may employ innovative marketing materials, such as interactive graphics and livestreams, to directly connect with investors and customers.Many enterprise accounts have already received over one million views and the company looks forward to inviting more investors and corporates to participate in its online community.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130532398","content_text":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2021. Total revenue in the fourth quarter was US$62.2 million, and total revenue for the year 2021 reached US$264.5 million, a year-over-year increase of 91%. Non-GAAP net income was US$24.5 million.At the end of 2021, customer accounts totaled 1.8 million, and the number of customers with deposits increased to 673,400. Furthermore, the company added 414,700 new funded accounts in 2021, more than all of its past annual funded account growth combined. In total, the company achieved 119% of its annual funded account growth target in 2021. During the fourth quarter, the company’s trading volume increased to US$85.9 billion, with total client assets reaching US$17.1 billion. The company’s annual trading volume totaled US$404.3 billion, 1.8 times that of the previous year.Mr. Wu Tianhua, CEO and founder of UP Fintech commented, “In 2021, despite fluctuations in global financial markets and significant uncertainties, our focus on our internationalization strategy drove steady growth. In thefourth quarter, over 90% of new funded accounts came from international markets, with a large portion of the new funded accounts coming from Singapore. UP Fintech maintains leading market share in Singapore and the company's Singapore headquarters contributed to making the market as one of key growth drivers, both in the number of total accounts and newly acquired accounts. The fourth quarter was the third consecutive quarter of more than 100% year-over-year growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore's population aged 20 and above. In the year since we began to ramp up our self-clearing capabilities, we have made substantial progress and now self-clear over 80% of customers’ U.S. cash equities trades. Our firm’s capability to deploy proprietary technologies on our fintech platform demonstrates the contributions that Chinese innovation is making to the global brokerage industry. Our B2B businesses reached new milestones this year: as of December 31st, 2021, 90% of new issuers with market capitalization in excess ofHK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service. Overall, our company’s comprehensive enterprise services are gaining increasing recognition within the industry. In coming years, the company looks forward to entering new international markets and enabling a greater range of investors to allocate their assets globally on our innovative fintech platform.”Over 90% of Newly Funded Accounts Came from Outside China as the Company Executes on its Global Expansion StrategyDriven by strong growth in international markets,UP Fintechfurther expanded its client base. The company added 61,400 new funded accounts during the fourth quarter of which over 90% came from outside China. Furthermore, in 2021, the company added a total of 414,700 new funded accounts, achieving 119% of its annual target. In the fourth quarter, the company's trading volume was US$85.9 billion, client assets reached US$17.1 billion, commission income was up to US$29.9 million, and interest-related income increased to US$22.5 million.At a time of global macroeconomic uncertainty, UP Fintechcontinues focus on its long-term expansion plans with a focus on improving the customer experience. To increase customer choice on its platform, the company recently added new functions such as bracket orders and a new display for analyzing diluted cost positions. The company also recently added an option screener and option list to better meet the needs of investors who trade options. In Australia,UP Fintechbegan to meet the needs of local investors by adding multi-dimensional analysis tools and real-time level 2 market data. Investors on the firm’s platform may view a rich range of financial metrics such as capital flow analysis and lists of corporate actions.In addition,the company's wealth management business continued to attract more clients as the number of available investment products continued to rise. At the end of the fourth quarter, the company’s Fund Mall enabled another 661 funds for investors to choose from. As the selection of funds has increased, the number of customers investing in the Fund Mall increased by 377.5% year-over-year, and the AUM of the Fund Mall increased by 290.1% year-over-year. ForCash Plus, the company’s idle cash management product,the number of customers and their cumulative transfer value during the fourth quarter was nearly double that of the same period last year. The company also added HKD and SGD currencies to the Fund Mall to further meet customers global asset allocation needs.The company offered 26 IPO subscriptions in Hong Kong and The U.S. during the fourth quarter, including several high-profile listings such as those of NetEase Cloud Music and Sense Time. For the full year 2021, the company in total offered 123 IPO subscriptions.The company is becoming one of the top platforms for retail investors to participate in new listings in Hong Kong; retail orders for larger listings such as those of Kuaishou and JD Logistics exceeded HK$10 billion. The company also assisted issuers in connecting with its investor base and highlighting their business performance by helping them hold online roadshows and broadcasting their earnings conference calls. During the year, the company held more than 60% of courses about high-quality Asian assets to investors.The company continued to invest in key brokerage technologies to enhance its capability to manage securities trading from the front end to execution and clearing. Self-clearing has long been the purview of traditional banks, but the company continues to ramp up its capability to conduct self-clearing and by the end of the fourth quarter, over 80% of clients were having their U.S. cash equities trades self-cleared. As a result of the company’s investment in clearing technology, clearing costsdeclined quarter over quarter by 27.8%.As part of its international expansion, the company continued to obtain new licenses and qualifications in multiple international jurisdictions. The firm now holds 50 licenses and qualifications across 37 categories in Hong Kong, Singapore, The U.S., New Zealand, and Australia. The company looks forward to using these licenses to further support its international expansion.UP Fintechis also receiving growing recognition in international capital markets and in 2021 was selected for inclusion in the MSCI China All Shares Index and the MSCI China Small Cap Index.The fourth quarter was the third consecutive quarter of more than 100% YoY growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore's population aged 20+Since entering Singapore in February 2020,UP Fintechhas continued to consolidate its position in the local market. More than half of new funded accounts in the fourth quarter came from Singapore. According to App Annie, as of the end of 2021, as measured by the total number of accounts and downloads,UP Fintech’s flagship mobile trading App, Tiger Trade, led the online brokerage market in Singapore.The fourth quarter wasthe third consecutive quarter of over 100%year-over-yeargrowth in funded accounts in Singapore,and the numberof registered accounts now represents 15% of Singapore's population aged 20or above. In addition, approximately 30% of the new funded accountsin Singaporein the fourth quarter came from users over the age of 40, which demonstrates the firm’s trading platform appeals to a wide range of investors.UP Fintech’s leading position in the Singapore market is due to its relentless focus on localization. In the fourth quarter, to better meet the needs of local clients, the company added a new module to allow easy display of Singapore companies listed in The U.S. market. The company also added new features such as industry classifications and sponsor data to assist customers learn more about local investment opportunities.In the fourth quarter, the company offered customers in Singapore the opportunity to subscribe shares from two local issuers. The company also enabled institutional clients in Singapore the ability to participate in the global offerings of new issuers in Hong Kong, further increasing the ability of local investors to participate in China’s capital markets.The AUM ofUP Fintech’swealth management business in Singapore increased by 186.5% while the number of customers increased by 223.9% quarter-over-quarter respectively. To increase the value proposition of Cash Plus in international markets, the company introduced lower thresholds for customers to invest their capital in Cash Plus. Local customers may now invest in Cash Plus with just 1 USD, 1 SGD, or 5 HKD and may transfer their funds in and out at any time. During the year, the company joined the Securities Association of Singapore and was honored that its subsidiary, Tiger Brokers (Singapore) Pte. Ltd., was officially admitted as a trading member of Singapore Exchange Securities Trading Limited and Singapore Exchange Derivatives Trading Limited, and clearing member and depository agent of The Central Depository (Pte) Limited. The company is the first fintech enabled brokerage in the world to obtain such qualifications in Singapore. In November 2021, UP Fintech’s Singapore subsidiary was Named as \"Asia's Most Innovative Company\" by Fortune Times, a Singapore based business magazine, demonstrating the company’s innovative platform is gaining increasing recognition from local media.The Cumulative Number of ESOP Clients at the End of 2021 was 2.5X Higher than the Year Before and Annual Enterprise Services Revenue Increased by 67%Corporate services such as investment banking and ESOP have become a new driver of the company’s long-term growth. According to the company’s Q4 financial results, other revenues, which includes revenue from investment banking and ESOP, reached US$9.8 million in Q4, and annual revenue from this segment reached US$37.7 million, an increase of 67% from the prior year.As of December 31st, 2021, 90% of new issuers with market capitalization in excess of HK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service.During the fourth quarter, the company leveraged the strength of its innovative platform and comprehensive range of services to participate in the underwriting and distribution of 22 listings in The U.S. and Hong Kong. In Hong Kong, the company acted as an underwriter in the global offerings of NetEase Cloud Music, Sense Time, and Airdoc. For the listing of NetEase Cloud Music, the company was the sole online broker to participate in the global offering. In The U.S., the company leveraged its rich investment banking experience, licenses, and technical capabilities to serve as an underwriter for 15 U.S. IPOs. The 2021 IPO of Kuke Music was another notable milestone for the company; the company was the first online broker to serve as the lead underwriter in a U.S. IPO.In the fourth quarter, the company’s investment bank continued to provide a rich range of services to next generation technology companies at multiple stages of their growth, from pre-IPO financial advisory to post listing capital markets services. In 2021, the company provided financial advisory services to over 30 companies. Finally, the company also assisted Canadian Solar conduct an ATM (At The Market) offering to raise additional capital to support the expansion of its green energy business.With regards to the company’s ESOP business,UP Fintechadded 51 new clients during the quarter. Despite launching the business just over three years ago, the total number of clients served by the company’s ESOP system reached 313, an increase of 152.4% year-over-year. The company’s ESOP system has extensive capabilities that allow it serve clients listed in Hong Kong, The U.S., and China; the company’s ESOP system also serves a diverse range of pre-IPO clients.As a global ESOP provider, the company offers comprehensive services for corporate ESOP management across multiple capital markets. In the fourth quarter, Tiger ESOP provided the pharmaceutical R&D company, Pharmaron, with equity incentive management solutions for both A+H share capital markets. At the same time,UP Fintechalso provided ESOP-related tax, foreign exchange, and other specialized services for Pharmaron’'s multinational employee base that includes British, American, and Chinese nationals. UP Fintech’s capability to provide ESOP and other ancillary services across multiple capital markets and nationalities is a testament to the sophistication of its ESOP system and ability to meet clients’ complex needs.On the company’s vibrant social media community, The Tiger Community, 35 new corporations opened enterprise accounts in the fourth quarter, including seven internationally renowned fund companies, such as Fidelity International and Lion Global Investors. As more and more corporations open enterprise accounts in the Tiger Community, the company’s 9+ million user base is able to increase its interaction and understanding of the vast range of issuers and fund companies present in the community.UP Fintech’s online community continues to build its position as a preferred investor relations & PR platform for next generation technology companies. The company recently assisted Xiaomi hold an online product launch, helped organize an online conference for Kuaishou, and held a listing anniversary for Dada Nexus. Corporates are drawn to enterprise accounts as they may employ innovative marketing materials, such as interactive graphics and livestreams, to directly connect with investors and customers.Many enterprise accounts have already received over one million views and the company looks forward to inviting more investors and corporates to participate in its online community.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575290973507485","authorId":"3575290973507485","name":"Rookie22","avatar":"https://static.tigerbbs.com/c6852efd5f87d9ecf7965e213c38ac97","crmLevel":4,"crmLevelSwitch":1,"idStr":"3575290973507485","authorIdStr":"3575290973507485"},"content":"Yalor I wanna know what will happen to my Didi","text":"Yalor I wanna know what will happen to my Didi","html":"Yalor I wanna know what will happen to my Didi"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198073164345392,"gmtCreate":1689392104388,"gmtModify":1689392107811,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"I still believe the stock can up more base on market trend","listText":"I still believe the stock can up more base on market trend","text":"I still believe the stock can up more base on market trend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198073164345392","repostId":"2351237276","repostType":2,"repost":{"id":"2351237276","kind":"highlight","pubTimestamp":1689383383,"share":"https://ttm.financial/m/news/2351237276?lang=&edition=fundamental","pubTime":"2023-07-15 09:09","market":"sg","language":"en","title":"Nio Stock Bulls are in for a Rude Awakening","url":"https://stock-news.laohu8.com/highlight/detail?id=2351237276","media":"InvestorPlace","summary":"As some recent company-specific developments will fail to have enough of an impact on time to prevent an increasingly-likely late-year price plunge, consider it best to keep avoiding NIO stock.","content":"<html><head></head><body><ul><li><p><strong>Nio’s</strong> (<strong>NIO</strong>) latest delivery numbers were mixed at best, but general excitement about EV sales growth has propelled shares higher.</p></li><li><p>While shares could stay on their current trajectory in the near-term, investors may be in for a rude awakening later this year.</p></li><li><p>As before, there remains a strong chance Nio disappoints with sales growth and/or margins in the coming quarters.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14e2554adb7734c917635ae8dca2b6ba\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: Michael Vi / Shutterstock.com</p><p>July thus far has been a great month for electric vehicle stocks, and <strong>Nio</strong> (NYSE:<strong>NIO</strong>) stock is no exception.</p><p>Already trending higher at the start of the month, NIO stock has kept climbing, making its way back to double-digit prices for the first time in months.</p><p>Some of the latest rally for the China-based EV maker has been driven by company-related news. However, much of it is rising bullishness for the EV industry at-large.</p><p>Strong monthly delivery numbers from several EV makers, plus news perceived to be bullish for EV sales growth in China, has further convinced investors that Nio will come along for the ride. Even so, I’m not convinced.</p><p>Instead, while conceding that the current sentiment for Nio could hold in the near-term, the most relevant facts still point to disappointment and big losses ahead for this EV stock.</p><h2 id=\"id_3690066754\">NIO Stock: Latest Delivery Numbers Mixed at Best</h2><p>Chances are you’ve seen recent headlines touting better-than-expected delivery numbers for major EV makers, and not only <strong>Tesla</strong> (NASDAQ:<strong>TSLA</strong>).</p><p>Several high-profile U.S. and Chinese EV contenders have also reported solid results as of late. Nio, though, is not in that category.</p><p>Sure, NIO stock did move higher after the release of Nio’s latest monthly delivery update, but was it for the right reasons?</p><p>The market focused only on the positive aspects of the update, and none on the negative aspects. For instance, during June, the company delivered a total of 10,707 vehicles.</p><p>Compared to Nio’s May delivery results (6,155 vehicles), this appeared to be a sign of massive growth re-acceleration.</p><p>Yet while sales were up on a sequential (month-over-month) basis, on a year-over-year basis, sales were down by around 17%. In short, far from “crushing it” as its rivals may be right now, for the prior month, Nio’s delivery numbers were mixed at best.</p><p>Still, I don’t assume investors will quickly come to the same conclusion. However, the view that sequential sales growth, plus strong overall demand growth for EVs, bodes well for the company can only prevail for so long.</p><h2 id=\"id_2226961907\">The Bear Case Keeps Strengthening</h2><p>Previously, I have discussed a possible bearish scenario for NIO stock between now and year’s end. There are two ways the company could underwhelm investors. Even if just one happen, it may lead to a big reversal for shares.</p><p>First, high competition from Tesla and local-based EV companies could hinder sales growth this quarter and next quarter.</p><p>Second, Nio’s move to slash vehicle prices, which is the result of the intensifying competition, will negatively affect vehicle margins. In turn, resulting in greater-than-expected operating losses.</p><p>Market confidence in the bull case may be growing right now. However, recently additional factors have emerged pointing to the bear case ultimately playing out. Tesla has once again cut prices for its vehicles in China.</p><p>A prominent China-based EV maker, <strong>BYD Company Limited</strong> (OTCMKTS:<strong>BYDDF</strong>), is gearing up to launch a vehicle that could leave Tesla and Nio’s respective premium midsize crossover offerings in the dust.</p><p>That’s not all. Along with the fact competitive pressures keep rising, the further threat of a price war has not gone away. As <em>InvestorPlace’s</em> Eddie Pan reported July 11, Chinese antitrust law has squashed an attempt to implement a “price war truce.”</p><h2 id=\"id_2341501353\">Don’t End Up Stuck Holding the Bag</h2><p>Since June, a bullish stance has paid off for NIO investors. However, as some of them decide to take profit, don’t be tempted to buy what they are selling. You could end up stuck holding the bag.</p><p>Monthly deliveries may not rise meaningfully over the next six months. The ongoing price war could do even greater damage to Nio’s margins. If one or both things play out, expect the stock to experience a big reversal.</p><p>Yes, there have been some developments recently that could change the story in the long run. For instance, an investment deal with Abu Dhabi, as well as an announced battery-swap partnership deal.</p><p>Unfortunately, neither of these will start to make an impact in time to prevent an increasingly likely late-year plunge.</p><p>With this, consider it best to keep avoiding NIO stock.</p><p>NIO stock earns a D rating in <em>Portfolio Grader</em>.</p></body></html>","source":"investorplace_stock_picks","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>Nio Stock Bulls are in for a Rude Awakening</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\">\nNio Stock Bulls are in for a Rude Awakening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-15 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/market360/2023/07/nio-stock-bulls-are-in-for-a-rude-awakening/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio’s (NIO) latest delivery numbers were mixed at best, but general excitement about EV sales growth has propelled shares higher.While shares could stay on their current trajectory in the near-term, ...</p>\n\n<a href=\"https://investorplace.com/market360/2023/07/nio-stock-bulls-are-in-for-a-rude-awakening/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","BK4531":"中概回港概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4534":"瑞士信贷持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","TSLA":"特斯拉","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4509":"腾讯概念","LU1548497426.USD":"安联环球人工智能AT Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4550":"红杉资本持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4551":"寇图资本持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","NIO":"蔚来","BK4099":"汽车制造商","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4511":"特斯拉概念","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4548":"巴美列捷福持仓","LU0052750758.USD":"富兰克林中国基金A Acc","NIO.SI":"蔚来","09866":"蔚来-SW","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK6125":"汽车制造商","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4532":"文艺复兴科技持仓","LU2063271972.USD":"富兰克林创新领域基金","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H"},"source_url":"https://investorplace.com/market360/2023/07/nio-stock-bulls-are-in-for-a-rude-awakening/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2351237276","content_text":"Nio’s (NIO) latest delivery numbers were mixed at best, but general excitement about EV sales growth has propelled shares higher.While shares could stay on their current trajectory in the near-term, investors may be in for a rude awakening later this year.As before, there remains a strong chance Nio disappoints with sales growth and/or margins in the coming quarters.Source: Michael Vi / Shutterstock.comJuly thus far has been a great month for electric vehicle stocks, and Nio (NYSE:NIO) stock is no exception.Already trending higher at the start of the month, NIO stock has kept climbing, making its way back to double-digit prices for the first time in months.Some of the latest rally for the China-based EV maker has been driven by company-related news. However, much of it is rising bullishness for the EV industry at-large.Strong monthly delivery numbers from several EV makers, plus news perceived to be bullish for EV sales growth in China, has further convinced investors that Nio will come along for the ride. Even so, I’m not convinced.Instead, while conceding that the current sentiment for Nio could hold in the near-term, the most relevant facts still point to disappointment and big losses ahead for this EV stock.NIO Stock: Latest Delivery Numbers Mixed at BestChances are you’ve seen recent headlines touting better-than-expected delivery numbers for major EV makers, and not only Tesla (NASDAQ:TSLA).Several high-profile U.S. and Chinese EV contenders have also reported solid results as of late. Nio, though, is not in that category.Sure, NIO stock did move higher after the release of Nio’s latest monthly delivery update, but was it for the right reasons?The market focused only on the positive aspects of the update, and none on the negative aspects. For instance, during June, the company delivered a total of 10,707 vehicles.Compared to Nio’s May delivery results (6,155 vehicles), this appeared to be a sign of massive growth re-acceleration.Yet while sales were up on a sequential (month-over-month) basis, on a year-over-year basis, sales were down by around 17%. In short, far from “crushing it” as its rivals may be right now, for the prior month, Nio’s delivery numbers were mixed at best.Still, I don’t assume investors will quickly come to the same conclusion. However, the view that sequential sales growth, plus strong overall demand growth for EVs, bodes well for the company can only prevail for so long.The Bear Case Keeps StrengtheningPreviously, I have discussed a possible bearish scenario for NIO stock between now and year’s end. There are two ways the company could underwhelm investors. Even if just one happen, it may lead to a big reversal for shares.First, high competition from Tesla and local-based EV companies could hinder sales growth this quarter and next quarter.Second, Nio’s move to slash vehicle prices, which is the result of the intensifying competition, will negatively affect vehicle margins. In turn, resulting in greater-than-expected operating losses.Market confidence in the bull case may be growing right now. However, recently additional factors have emerged pointing to the bear case ultimately playing out. Tesla has once again cut prices for its vehicles in China.A prominent China-based EV maker, BYD Company Limited (OTCMKTS:BYDDF), is gearing up to launch a vehicle that could leave Tesla and Nio’s respective premium midsize crossover offerings in the dust.That’s not all. Along with the fact competitive pressures keep rising, the further threat of a price war has not gone away. As InvestorPlace’s Eddie Pan reported July 11, Chinese antitrust law has squashed an attempt to implement a “price war truce.”Don’t End Up Stuck Holding the BagSince June, a bullish stance has paid off for NIO investors. However, as some of them decide to take profit, don’t be tempted to buy what they are selling. You could end up stuck holding the bag.Monthly deliveries may not rise meaningfully over the next six months. The ongoing price war could do even greater damage to Nio’s margins. If one or both things play out, expect the stock to experience a big reversal.Yes, there have been some developments recently that could change the story in the long run. For instance, an investment deal with Abu Dhabi, as well as an announced battery-swap partnership deal.Unfortunately, neither of these will start to make an impact in time to prevent an increasingly likely late-year plunge.With this, consider it best to keep avoiding NIO stock.NIO stock earns a D rating in Portfolio Grader.","news_type":1},"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909233633,"gmtCreate":1658879497022,"gmtModify":1676536221286,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Good to go in small positions and wait","listText":"Good to go in small positions and wait","text":"Good to go in small positions and wait","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9909233633","repostId":"2254826492","repostType":4,"repost":{"id":"2254826492","kind":"highlight","pubTimestamp":1658878697,"share":"https://ttm.financial/m/news/2254826492?lang=&edition=fundamental","pubTime":"2022-07-27 07:38","market":"us","language":"en","title":"Shopify Stock Plunges After Layoff Announcement -- Is Now the Time to Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2254826492","media":"Motley Fool","summary":"The e-commerce giant is the latest major tech company to reduce its workforce, but are the long-term trends intact?","content":"<html><head></head><body><p></p><p>Several major tech companies have announced large rounds of layoffs recently in response to recession fears, slowing growth, and other factors. <b>Shopify</b> just became the latest company to join this group, and investors aren&#39;t happy. Shares fell by 14% Tuesday in response to the announcement.</p><p>In Shopify&#39;s case, the main reason behind the layoffs is sluggish e-commerce performance as COVID-19 pandemic restrictions have been relaxed, allowing brick-and-mortar retailers to return to business as usual. This headwind, combined with the prospect of slowing consumer discretionary spending, hasn&#39;t exactly resulted in the best environment for Shopify, which grew its business aggressively in recent years.</p><p>To be sure, layoffs like these are always unfortunate. However, from an investor&#39;s perspective, are these layoffs a sign that the best part of Shopify&#39;s growth story is behind it, or could this be an opportunity for patient long-term investors to add shares at a relative discount?</p><h2>Why is Shopify reducing its workforce?</h2><p>In a letter to employees, Shopify CEO Tobi Lütke confirmed that the company will reduce its workforce by about 10%, which means that about 1,000 people will lose their jobs. The bulk of the reductions will be in recruiting, support, and sales, plus Shopify plans to eliminate &#34;over-specialized and duplicate roles.&#34;</p><p>In a nutshell, Lütke thought that the massive surge in e-commerce demand that resulted from the COVID-19 pandemic would be more durable than it turned out to be. As he said in the letter, the company bet that the share of retail that took place through e-commerce would permanently leap ahead by five to 10 years. Now this doesn&#39;t seem to be the case. E-commerce adoption is trending back to where its growth trajectory was heading before the pandemic happened.</p><h2>Does the business still have room to grow long term?</h2><p>Shopify is already an e-commerce powerhouse. Its platform has the No. 2 share of e-commerce sales in the U.S., behind <b>Amazon</b>. In fact, Shopify merchants have higher online sales volume than <b>Walmart</b>, <b>Best Buy</b>, and <b>Costco</b> <i>combined</i>, based on 2021 data. More than 10% of all e-commerce sales are facilitated by Shopify.</p><p>Although this is certainly impressive, that doesn&#39;t mean the company doesn&#39;t still have plenty of runway ahead of it. As Lütke correctly points out in his letter, e-commerce makes up less than 15% of all addressable retail sales in the United States. And there are millions of small and medium-sized businesses that could potentially set up shop on Shopify&#39;s platform. He believes the &#34;opportunity is massive and it&#39;s still early days for Shopify.&#34;</p><p>In fact, the company has estimated that its addressable market of small and medium-sized businesses worldwide represents a $160 billion revenue opportunity. It certainly isn&#39;t going to get it all, but with less than $5 billion in revenue over the past four quarters, it&#39;s fair to say that Shopify still has potential. And keep in mind that the $160 billion figure is based on the <i>current</i> e-commerce landscape -- as more retail shifts to online channels over time, the company&#39;s addressable market should grow.</p><h2>Is now the time to buy?</h2><p>Shopify&#39;s stock price fell by more than 15% on the news of layoffs and is now down by about 82% from its 52-week high. And while some decline is certainly justified, there are still some compelling long-term catalysts that could result in tremendous, long-tailed growth for the business. Several members of Shopify&#39;s management team, including Lütke, have made large stock purchases after the recent downturn and clearly see a long-term value opportunity here. If they&#39;re right, the current share price could end up being a massive bargain.</p><p></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>Shopify Stock Plunges After Layoff Announcement -- Is Now the Time to 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\">\nShopify Stock Plunges After Layoff Announcement -- Is Now the Time to Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-27 07:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/26/shopify-stock-plunges-after-layoffs-is-now-the-tim/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Several major tech companies have announced large rounds of layoffs recently in response to recession fears, slowing growth, and other factors. Shopify just became the latest company to join this ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/26/shopify-stock-plunges-after-layoffs-is-now-the-tim/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"https://www.fool.com/investing/2022/07/26/shopify-stock-plunges-after-layoffs-is-now-the-tim/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2254826492","content_text":"Several major tech companies have announced large rounds of layoffs recently in response to recession fears, slowing growth, and other factors. Shopify just became the latest company to join this group, and investors aren't happy. Shares fell by 14% Tuesday in response to the announcement.In Shopify's case, the main reason behind the layoffs is sluggish e-commerce performance as COVID-19 pandemic restrictions have been relaxed, allowing brick-and-mortar retailers to return to business as usual. This headwind, combined with the prospect of slowing consumer discretionary spending, hasn't exactly resulted in the best environment for Shopify, which grew its business aggressively in recent years.To be sure, layoffs like these are always unfortunate. However, from an investor's perspective, are these layoffs a sign that the best part of Shopify's growth story is behind it, or could this be an opportunity for patient long-term investors to add shares at a relative discount?Why is Shopify reducing its workforce?In a letter to employees, Shopify CEO Tobi Lütke confirmed that the company will reduce its workforce by about 10%, which means that about 1,000 people will lose their jobs. The bulk of the reductions will be in recruiting, support, and sales, plus Shopify plans to eliminate \"over-specialized and duplicate roles.\"In a nutshell, Lütke thought that the massive surge in e-commerce demand that resulted from the COVID-19 pandemic would be more durable than it turned out to be. As he said in the letter, the company bet that the share of retail that took place through e-commerce would permanently leap ahead by five to 10 years. Now this doesn't seem to be the case. E-commerce adoption is trending back to where its growth trajectory was heading before the pandemic happened.Does the business still have room to grow long term?Shopify is already an e-commerce powerhouse. Its platform has the No. 2 share of e-commerce sales in the U.S., behind Amazon. In fact, Shopify merchants have higher online sales volume than Walmart, Best Buy, and Costco combined, based on 2021 data. More than 10% of all e-commerce sales are facilitated by Shopify.Although this is certainly impressive, that doesn't mean the company doesn't still have plenty of runway ahead of it. As Lütke correctly points out in his letter, e-commerce makes up less than 15% of all addressable retail sales in the United States. And there are millions of small and medium-sized businesses that could potentially set up shop on Shopify's platform. He believes the \"opportunity is massive and it's still early days for Shopify.\"In fact, the company has estimated that its addressable market of small and medium-sized businesses worldwide represents a $160 billion revenue opportunity. It certainly isn't going to get it all, but with less than $5 billion in revenue over the past four quarters, it's fair to say that Shopify still has potential. And keep in mind that the $160 billion figure is based on the current e-commerce landscape -- as more retail shifts to online channels over time, the company's addressable market should grow.Is now the time to buy?Shopify's stock price fell by more than 15% on the news of layoffs and is now down by about 82% from its 52-week high. And while some decline is certainly justified, there are still some compelling long-term catalysts that could result in tremendous, long-tailed growth for the business. Several members of Shopify's management team, including Lütke, have made large stock purchases after the recent downturn and clearly see a long-term value opportunity here. If they're right, the current share price could end up being a massive bargain.","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153486342,"gmtCreate":1625042617486,"gmtModify":1703850752253,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Didi is the winner","listText":"Didi is the winner","text":"Didi is the winner","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/153486342","repostId":"1134806862","repostType":4,"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929605188,"gmtCreate":1670643287844,"gmtModify":1676538411393,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Buy Microsoft and enjoy dividend too","listText":"Buy Microsoft and enjoy dividend too","text":"Buy Microsoft and enjoy dividend too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929605188","repostId":"2290238146","repostType":2,"repost":{"id":"2290238146","kind":"highlight","pubTimestamp":1670638098,"share":"https://ttm.financial/m/news/2290238146?lang=&edition=fundamental","pubTime":"2022-12-10 10:08","market":"us","language":"en","title":"Better Buy: Microsoft vs. Amazon","url":"https://stock-news.laohu8.com/highlight/detail?id=2290238146","media":"Motley Fool","summary":"These two giants have one area where they compete against each other.","content":"<html><head></head><body><p>Two of the largest companies globally are <b>Microsoft</b> and <b>Amazon</b>. Combined, they have brought in $705 billion in revenue over the past 12 months, but that number pales in comparison to the growth trajectories both companies are on.</p><p>Is there an advantage that either stock has that investors should pinpoint? Or are they both evenly matched? Let&#39;s find out.</p><h2>A common offering is the future for both</h2><p>These two businesses hardly needs an introduction. Amazon&#39;s e-commerce platform has become the go-to place for nearly all shopping needs. Microsoft&#39;s Office products are standard for most computers, and it has a consumer product segment offering laptops and gaming consoles.</p><p>However, the most important segment for both companies&#39; future may well be cloud computing. Microsoft&#39;s Azure and Amazon Web Services (AWS) are the industry leaders, each maintaining an impressive market share.</p><table border=\"1\"><tbody><tr><th>Company</th><th>Rank</th><th>Market Share</th></tr><tr><td><b>Amazon</b></td><td>1st</td><td>34%</td></tr><tr><td><b>Microsoft</b></td><td>2nd</td><td>21%</td></tr><tr><td><b>Alphabet </b>(Google Cloud)</td><td>3rd</td><td>11%</td></tr></tbody></table><p>Data source: Synergy Research Group.</p><p>That&#39;s a commanding lead over third-place Google Cloud. Additionally, each saw impressive revenue growth, with AWS rising 27% and Microsoft rising 35% year over year in their latest quarters. That growth is expected to continue for some time. Precedence Research expects the industry to grow at a compound annual rate of 17.4% from 2022 to 2030, eventually reaching a $1.6 trillion market.</p><p>Say Amazon and Microsoft can retain their current market share in cloud computing. This would put potential 2030 revenue for this segment at $544 billion for Amazon and $336 billion for Microsoft. That&#39;s impressive considering that Amazon&#39;s trailing-12-month revenue was $502 billion and Microsoft&#39;s was $203 billion. It&#39;s an opportunity for massive growth apart from their other businesses.</p><p>Looking at it another way, that $336 billion would be more than double Microsoft&#39;s non-Azure revenue today, by my estimate. By comparison, the projected $554 billion for Amazon&#39;s AWS business would be just a little over 30% more than its non-AWS revenue today. So cloud computing could have a much bigger impact down the road for Microsoft&#39;s revenue.</p><p>However, on the bottom line, cloud computing could be more meaningful for Amazon, because AWS has a higher margin than the e-commerce revenue. In fact, it&#39;s Amazon&#39;s only profitable segment right now.</p><p>At Amazon, AWS is also funding other business segments. At Microsoft, Azure is complementary. This skews the future outlook in Microsoft&#39;s favor.</p><h2>Amazon is the better value</h2><p>However, stock valuation also has a role to play. Amazon isn&#39;t profitable, while Microsoft is, so comparing earnings or free cash flow isn&#39;t going to yield a helpful comparison. Plus, Amazon&#39;s commerce business is inherently low margin, even when profitable. So a direct comparison isn&#39;t possible. However, we can value each company in its own way.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a11b2c6b09932649414501fa819d125f\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/><span>MSFT PS Ratio data by YCharts</span></p><p>Microsoft&#39;s price-to-earnings ratio of 27.5 is rich although not quite as expensive as it&#39;s been over the past couple of years. Microsoft&#39;s execution and consistency have earned it its premium, but the company must continue to execute at a high level to maintain its valuation.</p><p>Moving to Amazon, if we value its AWS business at 9.4 times sales (the same as Microsoft) and its retail business at 0.7 times sales (the same as <b>Walmart</b>), you&#39;d get a valuation like this below.</p><table border=\"1\"><tbody><tr><th>Amazon Segment</th><th>Trailing-12-Month Revenue</th><th>Segment Price-to-Sales Ratio</th><th>Segment Market Cap</th></tr><tr><td>AWS</td><td>$76.5 billion</td><td>9.4</td><td>$719.1 billion</td></tr><tr><td>Commerce</td><td>$425.7 billion</td><td>0.7</td><td>$298.0 billion</td></tr></tbody></table><p>Data source: Amazon and YCharts.</p><p>Adding those two segments together gives Amazon a theoretical valuation of $1.017 trillion, yet the stock is valued at $960 billion. This shows that it is potentially undervalued.</p><p>Over the long run, premium valuations can be overcome by solid execution and growth -- something Microsoft has demonstrated. Because of that, I think Microsoft is the better buy today although Amazon is still a strong company too. There&#39;s a lot of uncertainty with Amazon&#39;s commerce business, and so that gives Microsoft the edge.</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>Better Buy: Microsoft vs. Amazon</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\">\nBetter Buy: Microsoft vs. Amazon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-10 10:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/09/better-buy-microsoft-vs-amazon/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Two of the largest companies globally are Microsoft and Amazon. Combined, they have brought in $705 billion in revenue over the past 12 months, but that number pales in comparison to the growth ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/09/better-buy-microsoft-vs-amazon/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","MSFT":"微软"},"source_url":"https://www.fool.com/investing/2022/12/09/better-buy-microsoft-vs-amazon/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2290238146","content_text":"Two of the largest companies globally are Microsoft and Amazon. Combined, they have brought in $705 billion in revenue over the past 12 months, but that number pales in comparison to the growth trajectories both companies are on.Is there an advantage that either stock has that investors should pinpoint? Or are they both evenly matched? Let's find out.A common offering is the future for bothThese two businesses hardly needs an introduction. Amazon's e-commerce platform has become the go-to place for nearly all shopping needs. Microsoft's Office products are standard for most computers, and it has a consumer product segment offering laptops and gaming consoles.However, the most important segment for both companies' future may well be cloud computing. Microsoft's Azure and Amazon Web Services (AWS) are the industry leaders, each maintaining an impressive market share.CompanyRankMarket ShareAmazon1st34%Microsoft2nd21%Alphabet (Google Cloud)3rd11%Data source: Synergy Research Group.That's a commanding lead over third-place Google Cloud. Additionally, each saw impressive revenue growth, with AWS rising 27% and Microsoft rising 35% year over year in their latest quarters. That growth is expected to continue for some time. Precedence Research expects the industry to grow at a compound annual rate of 17.4% from 2022 to 2030, eventually reaching a $1.6 trillion market.Say Amazon and Microsoft can retain their current market share in cloud computing. This would put potential 2030 revenue for this segment at $544 billion for Amazon and $336 billion for Microsoft. That's impressive considering that Amazon's trailing-12-month revenue was $502 billion and Microsoft's was $203 billion. It's an opportunity for massive growth apart from their other businesses.Looking at it another way, that $336 billion would be more than double Microsoft's non-Azure revenue today, by my estimate. By comparison, the projected $554 billion for Amazon's AWS business would be just a little over 30% more than its non-AWS revenue today. So cloud computing could have a much bigger impact down the road for Microsoft's revenue.However, on the bottom line, cloud computing could be more meaningful for Amazon, because AWS has a higher margin than the e-commerce revenue. In fact, it's Amazon's only profitable segment right now.At Amazon, AWS is also funding other business segments. At Microsoft, Azure is complementary. This skews the future outlook in Microsoft's favor.Amazon is the better valueHowever, stock valuation also has a role to play. Amazon isn't profitable, while Microsoft is, so comparing earnings or free cash flow isn't going to yield a helpful comparison. Plus, Amazon's commerce business is inherently low margin, even when profitable. So a direct comparison isn't possible. However, we can value each company in its own way.MSFT PS Ratio data by YChartsMicrosoft's price-to-earnings ratio of 27.5 is rich although not quite as expensive as it's been over the past couple of years. Microsoft's execution and consistency have earned it its premium, but the company must continue to execute at a high level to maintain its valuation.Moving to Amazon, if we value its AWS business at 9.4 times sales (the same as Microsoft) and its retail business at 0.7 times sales (the same as Walmart), you'd get a valuation like this below.Amazon SegmentTrailing-12-Month RevenueSegment Price-to-Sales RatioSegment Market CapAWS$76.5 billion9.4$719.1 billionCommerce$425.7 billion0.7$298.0 billionData source: Amazon and YCharts.Adding those two segments together gives Amazon a theoretical valuation of $1.017 trillion, yet the stock is valued at $960 billion. This shows that it is potentially undervalued.Over the long run, premium valuations can be overcome by solid execution and growth -- something Microsoft has demonstrated. Because of that, I think Microsoft is the better buy today although Amazon is still a strong company too. There's a lot of uncertainty with Amazon's commerce business, and so that gives Microsoft the edge.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838742519,"gmtCreate":1629432533931,"gmtModify":1676530039680,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Have fate&nbsp;on her wisdoms&nbsp;","listText":"Have fate&nbsp;on her wisdoms&nbsp;","text":"Have fate on her wisdoms","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/838742519","repostId":"1190139269","repostType":4,"repost":{"id":"1190139269","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":1629431602,"share":"https://ttm.financial/m/news/1190139269?lang=&edition=fundamental","pubTime":"2021-08-20 11:53","market":"us","language":"en","title":"Palantir, Square, Genius Sports, Zymergen — Stocks Cathie Wood's Ark Bought Or Sold Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1190139269","media":"Benzinga","summary":"Cathie Wood-led Ark Invest continues to pile up shares in Palantir Technologies Inc.\nThe popular mon","content":"<p><b>Cathie Wood</b>-led Ark Invest continues to pile&nbsp;up shares in&nbsp;<b>Palantir Technologies Inc</b>.</p>\n<p>The popular money managing firm on Thursday bought another 368,411 shares shares in the&nbsp;<b>Peter Thiel</b>-co-founded data analytics company on the dip,&nbsp;estimated to be worth about $8.9 million.</p>\n<p>Palantir shares&nbsp;closed 4.43% lower at $24.16 on Thursday.</p>\n<p>Including Thursday’s buys, Ark Invest has bought a total of 10.27 million shares in Palantir in just about a week after it&nbsp;reported second-quarter earnings&nbsp;and shares had jumped 11%.</p>\n<p>Ark Invest owns Palantir via all of its six active exchange-traded funds but deployed the&nbsp;<b>Ark Fintech Innovation ETF</b>&nbsp;and the&nbsp;<b>Ark Space Exploration &amp; Innovation ETF</b>&nbsp;to buy the shares on Thursday.</p>\n<p>The six ETFs held a total of 35.77 million shares, worth $904.29 million, in Palantir, ahead of Thursday’s trade.</p>\n<p>Here are some of the other key trades for Ark on Thursday:</p>\n<ul>\n <li>Shed 41,400 shares, estimated to be worth $10.65 million, in&nbsp;<b>Jack Dorsey</b>-led&nbsp;<b>Square Inc</b>. Square share closed 0.89% lower at $257.35 on Thursday.</li>\n <li>Snapped up 343,796 shares, estimated to be worth $5.85 million, in&nbsp;<b>Genius Sports Ltd</b>&nbsp;on the day shares of the sports data and technology company closed 1.33% lower at $17.02.</li>\n <li>Bought 109,777 shares – estimated to be worth about $1.08 million in&nbsp;<b>Zymergen Inc</b>.</li>\n</ul>\n<p></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>Palantir, Square, Genius Sports, Zymergen — Stocks Cathie Wood's Ark Bought Or Sold Thursday</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, Square, Genius Sports, Zymergen — Stocks Cathie Wood's Ark Bought Or Sold Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-20 11:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Cathie Wood</b>-led Ark Invest continues to pile&nbsp;up shares in&nbsp;<b>Palantir Technologies Inc</b>.</p>\n<p>The popular money managing firm on Thursday bought another 368,411 shares shares in the&nbsp;<b>Peter Thiel</b>-co-founded data analytics company on the dip,&nbsp;estimated to be worth about $8.9 million.</p>\n<p>Palantir shares&nbsp;closed 4.43% lower at $24.16 on Thursday.</p>\n<p>Including Thursday’s buys, Ark Invest has bought a total of 10.27 million shares in Palantir in just about a week after it&nbsp;reported second-quarter earnings&nbsp;and shares had jumped 11%.</p>\n<p>Ark Invest owns Palantir via all of its six active exchange-traded funds but deployed the&nbsp;<b>Ark Fintech Innovation ETF</b>&nbsp;and the&nbsp;<b>Ark Space Exploration &amp; Innovation ETF</b>&nbsp;to buy the shares on Thursday.</p>\n<p>The six ETFs held a total of 35.77 million shares, worth $904.29 million, in Palantir, ahead of Thursday’s trade.</p>\n<p>Here are some of the other key trades for Ark on Thursday:</p>\n<ul>\n <li>Shed 41,400 shares, estimated to be worth $10.65 million, in&nbsp;<b>Jack Dorsey</b>-led&nbsp;<b>Square Inc</b>. Square share closed 0.89% lower at $257.35 on Thursday.</li>\n <li>Snapped up 343,796 shares, estimated to be worth $5.85 million, in&nbsp;<b>Genius Sports Ltd</b>&nbsp;on the day shares of the sports data and technology company closed 1.33% lower at $17.02.</li>\n <li>Bought 109,777 shares – estimated to be worth about $1.08 million in&nbsp;<b>Zymergen Inc</b>.</li>\n</ul>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","PLTR":"Palantir Technologies Inc.","GENI":"Genius Sports Ltd","ARKK":"ARK Innovation ETF","SQ":"Block","ZY":"Zymergen, Inc.","ARKF":"ARK Fintech Innovation ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190139269","content_text":"Cathie Wood-led Ark Invest continues to pile up shares in Palantir Technologies Inc.\nThe popular money managing firm on Thursday bought another 368,411 shares shares in the Peter Thiel-co-founded data analytics company on the dip, estimated to be worth about $8.9 million.\nPalantir shares closed 4.43% lower at $24.16 on Thursday.\nIncluding Thursday’s buys, Ark Invest has bought a total of 10.27 million shares in Palantir in just about a week after it reported second-quarter earnings and shares had jumped 11%.\nArk Invest owns Palantir via all of its six active exchange-traded funds but deployed the Ark Fintech Innovation ETF and the Ark Space Exploration & Innovation ETF to buy the shares on Thursday.\nThe six ETFs held a total of 35.77 million shares, worth $904.29 million, in Palantir, ahead of Thursday’s trade.\nHere are some of the other key trades for Ark on Thursday:\n\nShed 41,400 shares, estimated to be worth $10.65 million, in Jack Dorsey-led Square Inc. Square share closed 0.89% lower at $257.35 on Thursday.\nSnapped up 343,796 shares, estimated to be worth $5.85 million, in Genius Sports Ltd on the day shares of the sports data and technology company closed 1.33% lower at $17.02.\nBought 109,777 shares – estimated to be worth about $1.08 million in Zymergen Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919493585,"gmtCreate":1663836018947,"gmtModify":1676537346711,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Love your great insight on Tesla&nbsp;","listText":"Love your great insight on Tesla&nbsp;","text":"Love your great insight on Tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919493585","repostId":"1188153731","repostType":4,"repost":{"id":"1188153731","kind":"news","pubTimestamp":1663837756,"share":"https://ttm.financial/m/news/1188153731?lang=&edition=fundamental","pubTime":"2022-09-22 17:09","market":"us","language":"en","title":"Tesla: The Top 5 Things Every Investor Should Consider","url":"https://stock-news.laohu8.com/highlight/detail?id=1188153731","media":"Seeking Alpha","summary":"Because Elon is far from done achieving his future reality, so he will continue to reinvest in his goal","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Elon Musk is far from done achieving his future reality, so he will continue to reinvest in his goals and vision until they are reached.</li><li>Tesla has a completely different level of brand and financial strength than it did 10 years ago.</li><li>The full operating margin capabilities of Tesla Gigafactories have not been reached yet.</li><li>Elon is completely focused and aligned with the customer experience for Tesla owners, employees, and shareholders.</li><li>The innovation and new revenue streams for Tesla is just getting started.</li></ul><p><b>Thesis:</b></p><p>It is my opinion that there are five foundational areas of strength that Tesla (NASDAQ:TSLA) maintains that its competition cannot match. It is these areas of strength that have drawn me into becoming a long-term investor in Tesla. These areas of strength very rarely get examined in my opinion and some are hard to put a quantifiable value on. However, when I invest in companies, these are some of the most important areas of a business I examine. After doing my research on Tesla, I went from owning zero shares a year ago to making Tesla one of my top five holdings. So now let&#39;s dive into these five areas of strength that Tesla maintains and should not be ignored by investors.</p><p>1. The Drive of Co-Founder and CEO Elon Musk:</p><p>Now I know what you may be thinking right after this subtitle, &#34;Elon wasn&#39;t the Founder of Tesla,&#34; so let us begin there. In 2009, what was Tesla Motors at the time announced an agreement after a lawsuit from co-founder Martin Eberhard, that there were five founders of Tesla not two. Elon Musk was one of those five, who was CEO and chief product architect at the time and now labeled as Technoking of Tesla, a.k.a. CEO.</p><p>The drive of Elon&#39;s entrepreneurial and visionary spirit, I believe is not appreciated enough in the market. If Elon Musk doesn&#39;t risk everything, including his personal life, money, time, and health, then we would never have an entire automobile industry putting efforts into building electric vehicles. We would not have reusable rockets going through space or space exploration for consumers.</p><p>I love these excerpts from the book&#34;Elon Musk&#34; by Ashlee Vance, as this sums it up perfectly.</p><blockquote>&#34;His willingness to make large personal investments is what sets him apart from other entrepreneurs and makes him so successful. Musk&#39;s ability to handle stress complements his high-risk tolerance. This means he doesn&#39;t create any safety nets for himself should he fail. This mindset has given him an edge in his professional life. He&#39;s willing to risk everything-his money, his possessions, his health, and so on-to make his vision a reality. Most people would find what Elon Musk risks to be extremely stressful, but Musk sees it as necessary in order to achieve his goals. He&#39;s willing to invest all of his time and money into his businesses for the possibility of even bigger gains.&#34;</blockquote><p>So why does this matter to a thesis on Tesla stock? Because Elon is far from done achieving his future reality, so he will continue to reinvest in his goals and vision until they are reached. Elon will push himself and his employees to new heights of success. It is this intensity in drive and the company&#39;s proven track record of execution, that will allow Tesla to continue to obtain the best talent in the world. Did you know after Tesla&#39;s first AI Day in August 2021, Tesla&#39;s AI applicants rose 100xthe following week after the event? We will talk more about Tesla&#39;s excellence in creating a brand awareness and customer experience later.</p><p>2. Vertical Integration and Max Manufacturing Efficiencies</p><p>The vertical integration of the Tesla Gigafactories has created more efficiencies than any other car manufacturer, but will not be fully realized until peak production is reached at each location. This will take time, as Elon&#39;s goal is to have each factory producing 1.5 million to 2 million cars per year. The primary long-term goal for Elon for the automobile portion of the company is to reach 20 million vehicles annually by 2030, which could require at least a dozen factories total. So for any investors that think they missed the boat on getting massive returns on Tesla, they may be misinformed.</p><p>Currently, Tesla is projecting for 1.5 million vehicles created and delivered by the end of 2022, which will require a record pace, flawless execution, and no more Shanghai shutdowns for COVID to accomplish this. In my opinion, it appears to reach that goal of 1.5 million vehicles is not fully in Elon&#39;s control with possible future Shanghai lockdowns, but only time will tell to see what happens. The stock has been rewarded and punished depending if commitments of vehicle deliveries are missed. However, this is where I believe the media and investors can lose perspective.</p><p>During the previous quarter, Tesla delivered 254,695 vehicles which was 96.4% to the estimates Wall Street expected. This was with its fastest producing plant in Shanghai being shut down for most of the quarter due to COVID lockdowns and supply chain challenges globally. The way Elon and his teams have navigated COVID, supply chain disruptions, and semiconductor challenges has been exceptional in my opinion. The question I ask myself is not &#39;will Tesla hit its quarterly commitment goal of deliveries?,&#39; but &#39;do I believe the company can reach remotely close to the ambitious 20 million vehicle goal in 2030?&#39; And my answer is most definitely, because I believe Tesla&#39;s efficiencies and optimizations continue to improve with each factory that is created and we will not always have these current supply chain disruptions occurring.</p><p>There are other questions that I must ask myself that are important to the thesis, that I will cover in our next section as well.</p><p>Before We Continue, What Risks Must We Weigh?</p><p>I believe these top five factors investors should consider in their thesis about Tesla make it much easier to invest in the stock. However, we have to look at both sides of the potential investment. What could go wrong? Are there any thesis breakers that exist within Tesla or could happen in the future?</p><p>My biggest thesis breaker would be if something happened to Elon Musk and he was no longer the CEO of Tesla. Whether Elon were to step down from Tesla and be forced to buy Twitter (TWTR), or only focus on SpaceX, this would be a game changer for the worst. I do not find any high probability of any of these things happening, but one cannot predict the future either. We have also lost other great CEOs and innovators of our time, way before we thought would happen, for example Steve Jobs. I do believe Elon has a strong executive leadership team alongside him, but this would make any shareholder stop in their tracks if Elon was not at the helm.</p><p>Another short-term headwind that could impact the stock is if China were to push Tesla out of the country and take a more domestic approach, due to political tensions between the U.S. and China. China is making more traction with all the different domestic EV companies growing deliveries annually. A particular winner in the Chinese EV market is BYD (OTCPK: BYDDY) who completed the most deliveries in China, at 162,000 in the month of July. I believe Tesla being forced out of China is also unlikely, for the following reasons.</p><ol><li><p>Elon has never taken a political stance against the Chinese government, and recognizes the Chinese EV market as a formidable competitor.</p></li><li><p>China is the highest annual emitter of greenhouse gases and mercury. EVs are highly needed in China, to the point there is an extra tax citizens pay to have an ICE vehicle.</p></li><li><p>Tesla still generates the second most deliveries for EVs in China, so demand is still high by consumers.</p></li></ol><p>The other short-term headwinds that could impact Tesla&#39;s stock would be if it missed its annual delivery goal of 1.5 million vehicles in 2022. This is a real possibility due to the lack of ramp the Berlin and Austin Gigafactories have achieved, and more potential Shanghai lockdowns.</p><p>Lastly, if Elon Musk was forced to purchase Twitter, then this could cause less short-term focus on running Tesla. Once again, I do not believe this will be a high probability, but investors should be aware of all these potential risks.</p><p>3. The Innovation of Tesla and Revenue Optionality</p><p>Besides Tesla possibly reaching its mass delivery goal of 20 million vehicles 2030, there are other innovations and revenue streams I foresee with the company. I believe if Elon only delivers on one or two of these questions below, Tesla will be able to exceed all expectations of institutional investors, as they are not factoring these possibilities into their valuations.</p><ul><li>Can Tesla create new vehicles that attract new buyers and expand customer adoption?</li><li>Can Tesla achieve autonomous driving and possible robotaxi services? And what revenue opportunities could this bring?</li><li>Will the humanoid Optimus robot ever make a meaningful revenue impact to Tesla?</li><li>Will Tesla be able grow its solar panel and battery storage business into a larger part of the business?</li><li>Could Tesla create new synergies between Starlink, Tesla Vehicles, and the edge compute the Dojo architecture could provide?</li></ul><p>Tesla is currently creating new vehicles that will attract new buyers. It has been working on having the Cybertruck available by the end of 2023, which would open the number one vehicle spot in the United States to Tesla. Whenever this moment does happen, there will be a whole new set of customers coming to own a Tesla Cybertruck. The revenue in the pickup trucks market segment in the US is projected to finish the year at $78.46 billion and reach $85.17 billion by 2026. Tesla is also working on a Model-2 vehicle that will be closer to the $25,000 price point, but dates for this release will be years in the future.</p><p>The company also has a Tesla Semi that will be coming out towards the end of 2022, which will be another revenue stream not factored in. The Tesla Semi could compete against other electric vehicle semi-transportation companies like Embark (EMBK) for future autonomous trucking business. This is a zero-emissions freight-hauling cargo machine that will average over 500 miles before it needs to charge. Once autonomous driving does occur, this will change the trucking industry forever, and make it where the trucker may drive the last mile or two and then do the unloading of the shipments. A lot more possibilities in revenue and new partnerships for Tesla in my opinion.</p><p>Tesla currently had to raise costs of its Full-Self Driving (&#34;FSD&#34;) mode 25% to $15,000 annually. I do not anticipate this always costing this much but being a feature drivers do not want to give up, once they use it. I wouldn&#39;t know where to begin on calculating the value of robotaxis and full autonomous driving on all Teslas, but Elon has stated that many people are underestimating the value it will unlock from even a monetary perspective.</p><p><img src=\"https://static.tigerbbs.com/870a33299399061807157aa29a92a775\" tg-width=\"640\" tg-height=\"184\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Bot (Tesla.com/AI)</p><p>One of the most exciting revenue possibilities is the Optimus Tesla Bot. A humanoid robot that could be used for manufacturing plants and laborious work and repetitive tasks that could accelerate time to value for businesses and help with labor shortages. It was shocking for most to hear Elon say he believes this could be the most valuable thing Tesla creates. Many investors are skeptical of this being able to actually provide enough value to replace human workers in factories and be able to be created at scale. However, coming from an investor who just started owning the stock a year ago and immersing himself in the history of the company and Elon, I say, &#34;Don&#39;t Underestimate Elon in the Long Run&#34;. He may be off on his timelines sometimes, but overall he has done many unthinkable accomplishments, and this could be his next.</p><p>An already growing revenue stream that is separate of the automobile segment is Tesla&#39;s solar panel and battery storage business. Power grid outages are becoming more common and impacting costs to businesses and consumers. As the transition to renewable energy occurs, high performing battery storage will be crucial to solve for intermittent energy spikes with solar and wind. Tesla continues to grow its energy storage deployments and sold last year15% of the 25GWh global market energy storage.</p><p><img src=\"https://static.tigerbbs.com/b117066e75c5e8798f353dc249ca0d1e\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Reported Electrical Disturbances in the U.S. (Tesla 2021 Impact Report)</p><p>This past August, over 3,500 homes with Tesla Powerwalls were able to connect to each other via the app, sell excess power and push up 24MW of power back to the power grid as one entity, to help reduce stress to the grid. This is just another example of the innovation and capabilities the other car competitors do not have in their wheelhouse.</p><p>The last question is one of more speculation but one to ponder on. As you know Tesla has created Dojo, one of the world&#39;s fastest AI Supercomputers, and the Dojo CPU architecture provides massive computation at scale. What if this computation could be moved to the edge, and if every Tesla had a Dojo CPU in it, could this compute power be accessed all at once when cars are not on the road? Essentially allowing owners to rent out the compute capabilities of their car, to a Tesla cloud or &#34;neural network&#34; of compute for others to use.</p><p>This would be similar to the virtual power plant example we examined earlier. Hyperscalers such as AWS (AMZN), Microsoft (MSFT), and Google (GOOG) make a lot of margins and revenue out of the convenience they provide businesses by allowing them flexibility to spin up &amp; spin down the CPU and storage when needed. What if Tesla could do this at the edge?</p><p>If Tesla could pull something off like this and create a more efficient way to do compute at the edge vs. centralized clouds, this would take serious market share away from players moving forward like AWS, Microsoft Azure, and GCP. I believe the Dojo architecture could be a much bigger part of future product releases and revenue streams from Tesla.</p><p>It just seems to me there are more possibilities &amp; future synergies between Elon&#39;s companies and products like Tesla, Starlink, Neurolink, SpaceX, and The Boring Company. Even if I am way off base here, I feel the other revenue streams and innovations will yield well for Tesla.</p><p>4. The Focus on Customer Experience and Brand Awareness</p><p>Tesla has demonstrated its focus on customer experience and brand awareness flawlessly over the years and continues to improve. Think about the risk and contrarian act Elon took with not working with dealerships and middlemen in their business model. Instead, he chose a direct to consumer business model and very few show stores globally, compared to the amount dealerships that exist for competition to sell their cars. Elon was so focused on the customer experience of owning and driving a Tesla being superb that the customer would be the marketing for the company. The Go-to-Market strategy for Tesla is the product executing exactly to users&#39; expectations and delivering such an experience that drivers want to tell everyone about it. That is a big bet to make that is opposite to every other competitor in the industry.</p><p>Tesla is also unique in that 100% of its cars that are in the United States are made in the United States, where the average for all other competitors is 52%. That is amazing in my opinion that the company can have 100% made-in-America cars and still deliver14.6% operating margins last quarter, making it the fourth highest in the industry. This is another result from the vertical integration manufacturing that Tesla uses. An example would be its single-piece casting which reduces weight, simplifies the factory, increases ride quality, and reduces road noise. This single-piece rear casting in the Model Y replaces 70+ underbody parts! The manufacturing excellence and focus on the customer experience in driving a Tesla is unmatched.</p><p>There is a reason Hertz signed a 100,000-vehicle deal with Tesla and another 50,000 for selling Tesla cars to Uber. The software platform and updates that Tesla delivers will not be matched by traditional competitors, in my opinion. Here are just a few of the customer experience features that Tesla delivers to its owners and most of these features were created from customer requests reaching out directly to Elon and Tesla on Twitter. The customers&#39; Tesla car experience objectively gets better than when they first purchased it. Now that is a first in the industry!</p><ul><li><b>Tesla Dog Mode</b>- which locks the doors of the car and keeps the AC on with a message on the dashboard screen saying, don&#39;t worry I am okay, my owner will return shortly, and shows the temperature of the car.</li><li><b>Tesla Video Dash Cam Capture Mode</b>- Can save footage of up to 10 minutes from when a user hits their honk button, to see things like a hit and run or accident etc.</li><li><b>Tesla Sentry Mode</b>- If someone tried to break into the Tesla, it records the video and this feature is triggered upon someone getting trying to break in or just getting too close to the car for elongated time.</li><li><b>The Tesla Entertainment system</b>- A fun use case for the Tesla owner who can watch their Netflix or Hulu streaming, or play videogames etc.</li><li><b>Tesla Vent Mode</b>- Users are always notified about the temperature inside the car and you can drop the windows to level out the temperature in the car. It now also automatically rolls up your windows when you forget to, when leaving the car unattended.</li><li><b>Upgrades to the Software OS to activate Full-Self Driving Mode</b>- in just a 2-minute download the customer is able to start using the FSD feature, if they pay the annual $15,000 subscription.</li><li><b>A HEPA Air Filter in the Model Y, S, and X</b>- Removes greater than 99.97% of dust, pollen, mold, bacteria, and any other airborne particles. (The video in this demonstration vs. a standard car HEPA filter is eye-opening.)</li></ul><ul><li><b>The Tesla App</b>- Allows a full breakdown of the charging history of the car and how much gas savings the customer has received. It also allows the car to melt snow and ice off the car remotely. The Tesla Solar Roof does this as well, which I am sure those in the northeast appreciate.</li><li><b>Tesla Car Insurance</b>- In certain states, which helps reduce the cost of insurance for users. I believe this will be a big revenue driver long term.</li><li><b>Tesla Higher Safety Rating</b>- Cars are statistically safer vehicles when using Autopilot. In the Q1 2021, Autopilot was approaching a 10x lower chance of an accident than an average vehicle.</li><li><b>Tesla Supercharger Destination GPS</b>- Drivers can enter their destination and their Tesla will automatically include Supercharging stops in their route.</li></ul><p>5. Financial Fortitude and Optimization</p><p>Elon Musk is aligned with the success of his customers, shareholders, and employees. After all that stock selling that the media made a big deal about, Elon is still the number one shareholder at nearly 15%. I believe Elon and his leadership staff make nearly every business decision with long-term optimization and financial fortitude in mind.</p><p>An example of this was the approach to single-piece casting and other efficiencies within the Gigafactory workflows. Once all four Gigafactories reach a capacity of 1.5 million units per year, with the average sales price for a vehicle at $53,000, and operating margins staying flat at 15.7% operating margins (which they won&#39;t), Tesla would net nearly $50 billion in operating profits annually. Show me another automobile maker that has the manufacturing optimizations and business model that would deliver those kinds of profits.</p><p>It is interesting how the 33 analysts that cover Tesla stock today have an average price rating of $308 a share, which is essentially flat from where it is today. Tesla&#39;s analysts currently forecast the company to generate over $85 billion in revenue. They also have anticipated annual growth rates on earnings declining from its previous 5-year average of 80.7% to a mere 20%. This illustrates to me a major disconnect how some investors are measuring the company and what their growth expectations are for the future. I believe the operating margins and revenues only compound more with improved delivery rates, more factories being created, and the improvement in technology like the 4680 batteries.</p><p><img src=\"https://static.tigerbbs.com/7a0b446d15d4de95291747d811670da1\" tg-width=\"640\" tg-height=\"454\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Financials from Simply Wall St.</p><p>Tesla is the 6th largest market cap company in the world and yet it has a junk bond rating, even with the large amount of cash and low debt it has. Tesla reduced its debt to equity ratio over the last 5 years from 122.5% to a simple 8.4%. I believe as many other investors that Tesla will finally get re-rated as a blue chip stock credit rating which would open up a large number of institutional investors, that have not been able to participate in owning Tesla, due to credit restrictions on who they own. Currently there is only a 46.5% percent of ownership in total Tesla shares by institutions.</p><p><img src=\"https://static.tigerbbs.com/fd8790d4ec98026799917c9d0008f5b9\" tg-width=\"640\" tg-height=\"283\" referrerpolicy=\"no-referrer\"/></p><p>Shareholder Percentages (Simply Wall St. )</p><p>Tesla continues to attract the top talent and retain them which will only further drive innovation and new optimizations for the company. In 2021, the company received 3 million job applications and has created in the last 10 years over 100,000 direct new jobs. Not only does Tesla attract the top talent, but it builds a culture within that rewards them from a compensation perspective, mission perspective, and promotion from within. Over 70% of Tesla&#39;s leadership team is promoted from within the company, and just in 2021, the global headcount at Tesla increased over 40%.</p><p>Tesla has reached a new trajectory point in its journey and is one of the few companies that are challenged with over-demand from its customers, not over-supply in inventory. Tesla has a strong balance sheet and business model with nearly $19 billion in cash and only $3.2 billion in debt and generating consistent free-cash flow. I believe these five things that I outlined that investors should not ignore will be what propel Tesla to thrive in the current market, and reach new heights in the long run. Let me know your thoughts and comments below.</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 Top 5 Things Every Investor Should Consider</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 Top 5 Things Every Investor Should Consider\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-22 17:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4542400-tesla-stock-top-5-things-investor-consider?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryElon Musk is far from done achieving his future reality, so he will continue to reinvest in his goals and vision until they are reached.Tesla has a completely different level of brand and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4542400-tesla-stock-top-5-things-investor-consider?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2\">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/4542400-tesla-stock-top-5-things-investor-consider?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188153731","content_text":"SummaryElon Musk is far from done achieving his future reality, so he will continue to reinvest in his goals and vision until they are reached.Tesla has a completely different level of brand and financial strength than it did 10 years ago.The full operating margin capabilities of Tesla Gigafactories have not been reached yet.Elon is completely focused and aligned with the customer experience for Tesla owners, employees, and shareholders.The innovation and new revenue streams for Tesla is just getting started.Thesis:It is my opinion that there are five foundational areas of strength that Tesla (NASDAQ:TSLA) maintains that its competition cannot match. It is these areas of strength that have drawn me into becoming a long-term investor in Tesla. These areas of strength very rarely get examined in my opinion and some are hard to put a quantifiable value on. However, when I invest in companies, these are some of the most important areas of a business I examine. After doing my research on Tesla, I went from owning zero shares a year ago to making Tesla one of my top five holdings. So now let's dive into these five areas of strength that Tesla maintains and should not be ignored by investors.1. The Drive of Co-Founder and CEO Elon Musk:Now I know what you may be thinking right after this subtitle, \"Elon wasn't the Founder of Tesla,\" so let us begin there. In 2009, what was Tesla Motors at the time announced an agreement after a lawsuit from co-founder Martin Eberhard, that there were five founders of Tesla not two. Elon Musk was one of those five, who was CEO and chief product architect at the time and now labeled as Technoking of Tesla, a.k.a. CEO.The drive of Elon's entrepreneurial and visionary spirit, I believe is not appreciated enough in the market. If Elon Musk doesn't risk everything, including his personal life, money, time, and health, then we would never have an entire automobile industry putting efforts into building electric vehicles. We would not have reusable rockets going through space or space exploration for consumers.I love these excerpts from the book\"Elon Musk\" by Ashlee Vance, as this sums it up perfectly.\"His willingness to make large personal investments is what sets him apart from other entrepreneurs and makes him so successful. Musk's ability to handle stress complements his high-risk tolerance. This means he doesn't create any safety nets for himself should he fail. This mindset has given him an edge in his professional life. He's willing to risk everything-his money, his possessions, his health, and so on-to make his vision a reality. Most people would find what Elon Musk risks to be extremely stressful, but Musk sees it as necessary in order to achieve his goals. He's willing to invest all of his time and money into his businesses for the possibility of even bigger gains.\"So why does this matter to a thesis on Tesla stock? Because Elon is far from done achieving his future reality, so he will continue to reinvest in his goals and vision until they are reached. Elon will push himself and his employees to new heights of success. It is this intensity in drive and the company's proven track record of execution, that will allow Tesla to continue to obtain the best talent in the world. Did you know after Tesla's first AI Day in August 2021, Tesla's AI applicants rose 100xthe following week after the event? We will talk more about Tesla's excellence in creating a brand awareness and customer experience later.2. Vertical Integration and Max Manufacturing EfficienciesThe vertical integration of the Tesla Gigafactories has created more efficiencies than any other car manufacturer, but will not be fully realized until peak production is reached at each location. This will take time, as Elon's goal is to have each factory producing 1.5 million to 2 million cars per year. The primary long-term goal for Elon for the automobile portion of the company is to reach 20 million vehicles annually by 2030, which could require at least a dozen factories total. So for any investors that think they missed the boat on getting massive returns on Tesla, they may be misinformed.Currently, Tesla is projecting for 1.5 million vehicles created and delivered by the end of 2022, which will require a record pace, flawless execution, and no more Shanghai shutdowns for COVID to accomplish this. In my opinion, it appears to reach that goal of 1.5 million vehicles is not fully in Elon's control with possible future Shanghai lockdowns, but only time will tell to see what happens. The stock has been rewarded and punished depending if commitments of vehicle deliveries are missed. However, this is where I believe the media and investors can lose perspective.During the previous quarter, Tesla delivered 254,695 vehicles which was 96.4% to the estimates Wall Street expected. This was with its fastest producing plant in Shanghai being shut down for most of the quarter due to COVID lockdowns and supply chain challenges globally. The way Elon and his teams have navigated COVID, supply chain disruptions, and semiconductor challenges has been exceptional in my opinion. The question I ask myself is not 'will Tesla hit its quarterly commitment goal of deliveries?,' but 'do I believe the company can reach remotely close to the ambitious 20 million vehicle goal in 2030?' And my answer is most definitely, because I believe Tesla's efficiencies and optimizations continue to improve with each factory that is created and we will not always have these current supply chain disruptions occurring.There are other questions that I must ask myself that are important to the thesis, that I will cover in our next section as well.Before We Continue, What Risks Must We Weigh?I believe these top five factors investors should consider in their thesis about Tesla make it much easier to invest in the stock. However, we have to look at both sides of the potential investment. What could go wrong? Are there any thesis breakers that exist within Tesla or could happen in the future?My biggest thesis breaker would be if something happened to Elon Musk and he was no longer the CEO of Tesla. Whether Elon were to step down from Tesla and be forced to buy Twitter (TWTR), or only focus on SpaceX, this would be a game changer for the worst. I do not find any high probability of any of these things happening, but one cannot predict the future either. We have also lost other great CEOs and innovators of our time, way before we thought would happen, for example Steve Jobs. I do believe Elon has a strong executive leadership team alongside him, but this would make any shareholder stop in their tracks if Elon was not at the helm.Another short-term headwind that could impact the stock is if China were to push Tesla out of the country and take a more domestic approach, due to political tensions between the U.S. and China. China is making more traction with all the different domestic EV companies growing deliveries annually. A particular winner in the Chinese EV market is BYD (OTCPK: BYDDY) who completed the most deliveries in China, at 162,000 in the month of July. I believe Tesla being forced out of China is also unlikely, for the following reasons.Elon has never taken a political stance against the Chinese government, and recognizes the Chinese EV market as a formidable competitor.China is the highest annual emitter of greenhouse gases and mercury. EVs are highly needed in China, to the point there is an extra tax citizens pay to have an ICE vehicle.Tesla still generates the second most deliveries for EVs in China, so demand is still high by consumers.The other short-term headwinds that could impact Tesla's stock would be if it missed its annual delivery goal of 1.5 million vehicles in 2022. This is a real possibility due to the lack of ramp the Berlin and Austin Gigafactories have achieved, and more potential Shanghai lockdowns.Lastly, if Elon Musk was forced to purchase Twitter, then this could cause less short-term focus on running Tesla. Once again, I do not believe this will be a high probability, but investors should be aware of all these potential risks.3. The Innovation of Tesla and Revenue OptionalityBesides Tesla possibly reaching its mass delivery goal of 20 million vehicles 2030, there are other innovations and revenue streams I foresee with the company. I believe if Elon only delivers on one or two of these questions below, Tesla will be able to exceed all expectations of institutional investors, as they are not factoring these possibilities into their valuations.Can Tesla create new vehicles that attract new buyers and expand customer adoption?Can Tesla achieve autonomous driving and possible robotaxi services? And what revenue opportunities could this bring?Will the humanoid Optimus robot ever make a meaningful revenue impact to Tesla?Will Tesla be able grow its solar panel and battery storage business into a larger part of the business?Could Tesla create new synergies between Starlink, Tesla Vehicles, and the edge compute the Dojo architecture could provide?Tesla is currently creating new vehicles that will attract new buyers. It has been working on having the Cybertruck available by the end of 2023, which would open the number one vehicle spot in the United States to Tesla. Whenever this moment does happen, there will be a whole new set of customers coming to own a Tesla Cybertruck. The revenue in the pickup trucks market segment in the US is projected to finish the year at $78.46 billion and reach $85.17 billion by 2026. Tesla is also working on a Model-2 vehicle that will be closer to the $25,000 price point, but dates for this release will be years in the future.The company also has a Tesla Semi that will be coming out towards the end of 2022, which will be another revenue stream not factored in. The Tesla Semi could compete against other electric vehicle semi-transportation companies like Embark (EMBK) for future autonomous trucking business. This is a zero-emissions freight-hauling cargo machine that will average over 500 miles before it needs to charge. Once autonomous driving does occur, this will change the trucking industry forever, and make it where the trucker may drive the last mile or two and then do the unloading of the shipments. A lot more possibilities in revenue and new partnerships for Tesla in my opinion.Tesla currently had to raise costs of its Full-Self Driving (\"FSD\") mode 25% to $15,000 annually. I do not anticipate this always costing this much but being a feature drivers do not want to give up, once they use it. I wouldn't know where to begin on calculating the value of robotaxis and full autonomous driving on all Teslas, but Elon has stated that many people are underestimating the value it will unlock from even a monetary perspective.Tesla Bot (Tesla.com/AI)One of the most exciting revenue possibilities is the Optimus Tesla Bot. A humanoid robot that could be used for manufacturing plants and laborious work and repetitive tasks that could accelerate time to value for businesses and help with labor shortages. It was shocking for most to hear Elon say he believes this could be the most valuable thing Tesla creates. Many investors are skeptical of this being able to actually provide enough value to replace human workers in factories and be able to be created at scale. However, coming from an investor who just started owning the stock a year ago and immersing himself in the history of the company and Elon, I say, \"Don't Underestimate Elon in the Long Run\". He may be off on his timelines sometimes, but overall he has done many unthinkable accomplishments, and this could be his next.An already growing revenue stream that is separate of the automobile segment is Tesla's solar panel and battery storage business. Power grid outages are becoming more common and impacting costs to businesses and consumers. As the transition to renewable energy occurs, high performing battery storage will be crucial to solve for intermittent energy spikes with solar and wind. Tesla continues to grow its energy storage deployments and sold last year15% of the 25GWh global market energy storage.Reported Electrical Disturbances in the U.S. (Tesla 2021 Impact Report)This past August, over 3,500 homes with Tesla Powerwalls were able to connect to each other via the app, sell excess power and push up 24MW of power back to the power grid as one entity, to help reduce stress to the grid. This is just another example of the innovation and capabilities the other car competitors do not have in their wheelhouse.The last question is one of more speculation but one to ponder on. As you know Tesla has created Dojo, one of the world's fastest AI Supercomputers, and the Dojo CPU architecture provides massive computation at scale. What if this computation could be moved to the edge, and if every Tesla had a Dojo CPU in it, could this compute power be accessed all at once when cars are not on the road? Essentially allowing owners to rent out the compute capabilities of their car, to a Tesla cloud or \"neural network\" of compute for others to use.This would be similar to the virtual power plant example we examined earlier. Hyperscalers such as AWS (AMZN), Microsoft (MSFT), and Google (GOOG) make a lot of margins and revenue out of the convenience they provide businesses by allowing them flexibility to spin up & spin down the CPU and storage when needed. What if Tesla could do this at the edge?If Tesla could pull something off like this and create a more efficient way to do compute at the edge vs. centralized clouds, this would take serious market share away from players moving forward like AWS, Microsoft Azure, and GCP. I believe the Dojo architecture could be a much bigger part of future product releases and revenue streams from Tesla.It just seems to me there are more possibilities & future synergies between Elon's companies and products like Tesla, Starlink, Neurolink, SpaceX, and The Boring Company. Even if I am way off base here, I feel the other revenue streams and innovations will yield well for Tesla.4. The Focus on Customer Experience and Brand AwarenessTesla has demonstrated its focus on customer experience and brand awareness flawlessly over the years and continues to improve. Think about the risk and contrarian act Elon took with not working with dealerships and middlemen in their business model. Instead, he chose a direct to consumer business model and very few show stores globally, compared to the amount dealerships that exist for competition to sell their cars. Elon was so focused on the customer experience of owning and driving a Tesla being superb that the customer would be the marketing for the company. The Go-to-Market strategy for Tesla is the product executing exactly to users' expectations and delivering such an experience that drivers want to tell everyone about it. That is a big bet to make that is opposite to every other competitor in the industry.Tesla is also unique in that 100% of its cars that are in the United States are made in the United States, where the average for all other competitors is 52%. That is amazing in my opinion that the company can have 100% made-in-America cars and still deliver14.6% operating margins last quarter, making it the fourth highest in the industry. This is another result from the vertical integration manufacturing that Tesla uses. An example would be its single-piece casting which reduces weight, simplifies the factory, increases ride quality, and reduces road noise. This single-piece rear casting in the Model Y replaces 70+ underbody parts! The manufacturing excellence and focus on the customer experience in driving a Tesla is unmatched.There is a reason Hertz signed a 100,000-vehicle deal with Tesla and another 50,000 for selling Tesla cars to Uber. The software platform and updates that Tesla delivers will not be matched by traditional competitors, in my opinion. Here are just a few of the customer experience features that Tesla delivers to its owners and most of these features were created from customer requests reaching out directly to Elon and Tesla on Twitter. The customers' Tesla car experience objectively gets better than when they first purchased it. Now that is a first in the industry!Tesla Dog Mode- which locks the doors of the car and keeps the AC on with a message on the dashboard screen saying, don't worry I am okay, my owner will return shortly, and shows the temperature of the car.Tesla Video Dash Cam Capture Mode- Can save footage of up to 10 minutes from when a user hits their honk button, to see things like a hit and run or accident etc.Tesla Sentry Mode- If someone tried to break into the Tesla, it records the video and this feature is triggered upon someone getting trying to break in or just getting too close to the car for elongated time.The Tesla Entertainment system- A fun use case for the Tesla owner who can watch their Netflix or Hulu streaming, or play videogames etc.Tesla Vent Mode- Users are always notified about the temperature inside the car and you can drop the windows to level out the temperature in the car. It now also automatically rolls up your windows when you forget to, when leaving the car unattended.Upgrades to the Software OS to activate Full-Self Driving Mode- in just a 2-minute download the customer is able to start using the FSD feature, if they pay the annual $15,000 subscription.A HEPA Air Filter in the Model Y, S, and X- Removes greater than 99.97% of dust, pollen, mold, bacteria, and any other airborne particles. (The video in this demonstration vs. a standard car HEPA filter is eye-opening.)The Tesla App- Allows a full breakdown of the charging history of the car and how much gas savings the customer has received. It also allows the car to melt snow and ice off the car remotely. The Tesla Solar Roof does this as well, which I am sure those in the northeast appreciate.Tesla Car Insurance- In certain states, which helps reduce the cost of insurance for users. I believe this will be a big revenue driver long term.Tesla Higher Safety Rating- Cars are statistically safer vehicles when using Autopilot. In the Q1 2021, Autopilot was approaching a 10x lower chance of an accident than an average vehicle.Tesla Supercharger Destination GPS- Drivers can enter their destination and their Tesla will automatically include Supercharging stops in their route.5. Financial Fortitude and OptimizationElon Musk is aligned with the success of his customers, shareholders, and employees. After all that stock selling that the media made a big deal about, Elon is still the number one shareholder at nearly 15%. I believe Elon and his leadership staff make nearly every business decision with long-term optimization and financial fortitude in mind.An example of this was the approach to single-piece casting and other efficiencies within the Gigafactory workflows. Once all four Gigafactories reach a capacity of 1.5 million units per year, with the average sales price for a vehicle at $53,000, and operating margins staying flat at 15.7% operating margins (which they won't), Tesla would net nearly $50 billion in operating profits annually. Show me another automobile maker that has the manufacturing optimizations and business model that would deliver those kinds of profits.It is interesting how the 33 analysts that cover Tesla stock today have an average price rating of $308 a share, which is essentially flat from where it is today. Tesla's analysts currently forecast the company to generate over $85 billion in revenue. They also have anticipated annual growth rates on earnings declining from its previous 5-year average of 80.7% to a mere 20%. This illustrates to me a major disconnect how some investors are measuring the company and what their growth expectations are for the future. I believe the operating margins and revenues only compound more with improved delivery rates, more factories being created, and the improvement in technology like the 4680 batteries.Tesla Financials from Simply Wall St.Tesla is the 6th largest market cap company in the world and yet it has a junk bond rating, even with the large amount of cash and low debt it has. Tesla reduced its debt to equity ratio over the last 5 years from 122.5% to a simple 8.4%. I believe as many other investors that Tesla will finally get re-rated as a blue chip stock credit rating which would open up a large number of institutional investors, that have not been able to participate in owning Tesla, due to credit restrictions on who they own. Currently there is only a 46.5% percent of ownership in total Tesla shares by institutions.Shareholder Percentages (Simply Wall St. )Tesla continues to attract the top talent and retain them which will only further drive innovation and new optimizations for the company. In 2021, the company received 3 million job applications and has created in the last 10 years over 100,000 direct new jobs. Not only does Tesla attract the top talent, but it builds a culture within that rewards them from a compensation perspective, mission perspective, and promotion from within. Over 70% of Tesla's leadership team is promoted from within the company, and just in 2021, the global headcount at Tesla increased over 40%.Tesla has reached a new trajectory point in its journey and is one of the few companies that are challenged with over-demand from its customers, not over-supply in inventory. Tesla has a strong balance sheet and business model with nearly $19 billion in cash and only $3.2 billion in debt and generating consistent free-cash flow. I believe these five things that I outlined that investors should not ignore will be what propel Tesla to thrive in the current market, and reach new heights in the long run. Let me know your thoughts and comments below.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907984261,"gmtCreate":1660128239355,"gmtModify":1703478191829,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Tesla’s EV tax credit Is good news and the sharegot every reason to shoot upward and not talkingabout stock split soon","listText":"Tesla’s EV tax credit Is good news and the sharegot every reason to shoot upward and not talkingabout stock split soon","text":"Tesla’s EV tax credit Is good news and the sharegot every reason to shoot upward and not talkingabout stock split soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907984261","repostId":"1157330995","repostType":4,"repost":{"id":"1157330995","kind":"news","pubTimestamp":1660145407,"share":"https://ttm.financial/m/news/1157330995?lang=&edition=fundamental","pubTime":"2022-08-10 23:30","market":"us","language":"en","title":"Tesla: The EV Tax Credit Is A Huge Catalyst","url":"https://stock-news.laohu8.com/highlight/detail?id=1157330995","media":"Seeking Alpha","summary":"SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Recently the U.S. Senate Passed the Inflation Reduction Act.</li><li>The act removes the 200,000 unit sales cap for electric vehicle &#34;EV&#34; tax credits.</li><li>The act still has to be passed by the House of Representatives to become law.</li><li>If it passes, it will be a huge catalyst for Tesla, which will once again be eligible for Federal tax credits.</li><li>Many Tesla models meet the Act&#39;s strict U.S. sourcing requirements; most competitors&#39; offerings don&#39;t.</li></ul><p>This past Sunday, the U.S. Senate passed the Inflation Reduction Act, a spending bill containing a variety of climate change related measures. Among the most discussed measures in the bill is a change to the electric vehicle (“EV”)tax credit. Under previous rules, a company would lose its eligibility for EV credits after selling its 200,000th car. Tesla (NASDAQ:TSLA) crossed the 200,000 car threshold in 2018, and its tax credits were phased out over three years. By early 2022, Teslas were no longer eligible for the tax credit.</p><p>With the passage of the Inflation Reduction Act, that has changed. The current version of the act, which will be debated by the House of Representatives this week, removes the 200,000 car limit for credit eligibility. Now, buyers of some Tesla models can enjoy the full $7,500 credit toward the purchase of their vehicles. There are some limits to this – the credit applies to sedans up to $55,000 and SUVs up to $80,000– but many Teslas will be eligible. The EV tax credit notably requires that the vehicle&#39;s battery be40% sourced from the U.S. or allies- Tesla&#39;s Model S meets this standard, most competitors&#39; offerings don&#39;t.</p><p><img src=\"https://static.tigerbbs.com/c4475ae62d8d2254828c81b2e64dc19b\" tg-width=\"640\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Model 3 meets the standard, most don&#39;t(roadandtrack.com)</p><p>This is great news for a company that some say was built on government subsidies. Many of Elon Musk’s critics allege that Tesla has been taking enormous amounts of government assistance over the years. When we dig into the details, we see that Tesla did benefit from the EV tax credit in its early days. Furthermore, it benefits from similar credits in other countries today. The point about Tesla’s reliance on tax breaks can be overstated, but there’s no doubt that when a consumer gets a tax break for buying an EV, they’re more likely to buy one.</p><p>Given that Tesla has the most brand awareness of all the major EV companies, it benefits from consumers being incentivized to buy EVs. According to a 2018 Energy Policy article, every $1,000 in EV credits leads to a 2.6% increase in EV sales. With Tesla having a large share of the U.S. EV market, it’s likely to gain revenue from the revamped tax credit. This credit could therefore serve as a catalyst improving Tesla’s business performance in the second half. However, as I’ll demonstrate shortly, this catalyst alone doesn’t automatically make the stock a great value.</p><p><b>How the EV Tax Credit Works</b></p><p>To understand how the revamped EV tax credit helps Tesla, we need to know how the credit works. The EV tax credit has been around in some form since 2009, having been announced in 2008’s Energy Improvement and Extension Act. The way credit works has changed since it was first introduced.</p><p>The way the credit originally worked was like this:</p><p>Every electric vehicle got a base credit of $2,500. A person buying any EV would get $2,500 plus an extra $417 per kilowatt-hour of battery capacity. For passenger cars, this increase in credits continued up until $7,500 worth of tax credits were earned. Any American who bought an EV would get to claim this credit on their taxes and deduct the appropriate percentage of $7,500 from their income.</p><p>The EV tax credit also had a cap on how many cars a manufacturer could sell and still be eligible for the credit. Once a manufacturer surpassed 200,000 cars sold in the United States, their tax credits would be phased out over three years. Tesla hit the 200,000 car milestone in 2008. Its tax credits were phased out on the schedule shown below:</p><p><img src=\"https://static.tigerbbs.com/61a30d4a86130928bc8262cb7df92850\" tg-width=\"872\" tg-height=\"298\" referrerpolicy=\"no-referrer\"/></p><p>Tesla&#39;s EV credit phase out(Tesla)</p><p>As the table above shows, all of the credits on Tesla models S, X and 3 were phased out by the end of 2019. This was where things stood for most of the last two years: Teslas weren’t eligible for the credit. Technically, this is still the case, but the Inflation Reduction Act looks quite likely to pass. The Act passed 51-50 in the Senate, and is heading to the House of Representatives for review this week. If it passes, then Teslas will be eligible for the EV tax credit once more. The version of the Act that passed in the Senate puts no cap on how many EVs a manufacturer can sell, so not only will Tesla buyers get the credit again, they’ll continue to get it indefinitely. To top it off: there are Tesla models that meet the act&#39;s strict sourcing requirements, while many competitors&#39; offerings don&#39;t make the grade.</p><p><b>Business Implications</b></p><p>Tesla regaining the EV tax credit has important business implications. Academic research suggests that every $1,000 worth of EV tax credits drives a2.6% increase in EV sales. As an example, if we have a country where 100,000 EVs are being sold per year, then adding a $1,000 credit increases sales to 102,600. The higher the dollar value of the credit, the more the sales increase. The research I’m citing doesn’t say whether the effect increases linearly or compounds with the size of the credit. If the effect is linear, then a $7,500 credit would increase the number of vehicles sold by 19,500. If it compounds, then it adds 21,228 extra sales. Either way, we should see a significant boost in sales from a $7,500 tax credit.</p><p>Furthermore, we would expect Tesla to gain from this disproportionately. Many of Tesla’s competitors haven’t shipped 200,000 cars yet, but Tesla has.<b>Lucid</b>(LCID) is aiming for14,000 cumulative deliveries by year’s end, <b>Ford</b>(F) has sold 37,000 or so, <b>Rivian</b>(RIVN) has only delivered a handful of cars to employees. None of these companies are anywhere near the 200,000 deliveries threshold, so they’re getting the credit already. Tesla, on the other hand, passed the threshold in 2018, so it will be eligible for the credit again. Therefore, we’d expect the Inflation Reduction Act to boost Tesla’s sales while leaving its competitors’ sales unchanged.</p><p><b>Tesla’s Valuation</b></p><p>Valuing a company like Tesla is always tough. The company has historically had high growth, which makes estimating its future cash flows difficult. Nevertheless, we can safely assume that, with its tax credits back, Tesla will grow faster than it would have without them. So, we can start by making a projection of Tesla’s revenue and build a discounted cash flow model from there.</p><p>According to Seeking Alpha Quant, Tesla’s five year CAGR revenue growth rate is 46%. The rate in the most recent quarter was 43%. We have indications that the growth rate will slow down. First, the most recent quarterly growth rate is lower than the five year rate. Second, the five year growth rate is only half the 10 year growth rate. It wouldn’t be conservative to assume that TSLA can keep up 43% growth forever. So, I’ll use Valuates Report’s 18.2% CAGR EV industry forecast as my revenue growth estimate. However, to account for the bullish impact of the EV tax credits Tesla is about to get, I’ll add an extra 19.5% on to the first year’s growth. So the first year will see 41.2% growth (1.182 times 1.195), followed by 18.2% growth thereafter. Tesla’s revenue for the trailing 12 month period is $67.1 billion, so we get:</p><ul><li><p>Base year: $67.1B.</p></li><li><p>Year 1: $94.74B.</p></li><li><p>Year 2: $112B.</p></li><li><p>Year 3: $132B.</p></li><li><p>Year 4: $156B.</p></li><li><p>Year 5: $185B.</p></li></ul><p>This gives us an overall CAGR growth rate of 22%. With that established, we can look at costs. Tesla had $48 billion in cost of goods sold (“COGS”) in the last 12 months. COGS scales up directly with revenue so I’ll assume that this portion of costs rises at 22%. Tesla’s operating costs have risen at 20% CAGR over the last five years, so I’ll assume they continue growing at that rate. Tesla’s tax rate in the trailing 12 month period was 10%, but I’ll up that to 15% to account for the new minimum tax included in the Inflation Reduction Act. Finally, I’ll add in non-cash costs at 6% of revenue (the percentage in the trailing 12 month period) to get a model that approximates cash from operations (“CFO”).</p><table><tbody><tr><td><p>Year 1</p></td><td><p>Year 2</p></td><td><p>Year 3</p></td><td><p>Year 4</p></td><td><p>Year 5</p></td></tr><tr><td><p>Revenue</p></td><td><p>$94.74B</p></td><td><p>$112B</p></td><td><p>$132B</p></td><td><p>$156B</p></td><td><p>$185B</p></td></tr><tr><td><p>COGS</p></td><td><p>$69B</p></td><td><p>$81.6B</p></td><td><p>$96.5B</p></td><td><p>$114B</p></td><td><p>$135B</p></td></tr><tr><td><p>Operating costs</p></td><td><p>$8.76B</p></td><td><p>$10.5B</p></td><td><p>$12.6B</p></td><td><p>$15B</p></td><td><p>$18B</p></td></tr><tr><td><p>EBIT</p></td><td><p>$16.98</p></td><td><p>$19.9B</p></td><td><p>$22.9B</p></td><td><p>$27B</p></td><td><p>$32B</p></td></tr><tr><td><p>After tax</p></td><td><p>$14.43B</p></td><td><p>$16.9B</p></td><td><p>$19.46B</p></td><td><p>$22.95B</p></td><td><p>$27.2B</p></td></tr><tr><td><p>Non-cash costs (added back in)</p></td><td><p>$5.7B</p></td><td><p>$6.72B</p></td><td><p>$7.9B</p></td><td><p>$9.36B</p></td><td><p>$11.1B</p></td></tr><tr><td><p>CFO</p></td><td><p>$20.13B</p></td><td><p>$23.62B</p></td><td><p>$27.36B</p></td><td><p>$32.31B</p></td><td><p>$38.3B</p></td></tr></tbody></table><p>Tesla has 1.155 billion shares outstanding, so these CFO figures on a per share basis add up to:</p><ul><li><p>TTM: $12.18.</p></li><li><p>Year 1: $17.42.</p></li><li><p>Year 2: $20.45</p></li><li><p>Year 3: $23.68.</p></li><li><p>Year 4: $27.97.</p></li><li><p>Year 5: $33.16.</p></li></ul><p>So, we get a 22% growth rate in cash flows per share. Using 8% as the discount rate and assuming a 5% perpetual growth rate after five years, we get a fair value of $879. This is only a 3.4% upside to the price at the time of writing ($850), so I conclude that Tesla is fully valued.</p><p><b>The Big Risk to Watch Out For</b></p><p>As I’ve shown in this article, Tesla’s EV tax credit could create a sales spike in the year ahead that gives the stock slight upside to today’s price. Without the sales spike caused by tax credits, my model would have yielded about $825, suggesting slight overvaluation. This stock is trading very close to conservative estimates of fair value, even when you account for the EV tax credit causing sales to spike. The credit is a catalyst, but not a big one, adding only a very slight amount of upside.</p><p>For this reason, Tesla investors are going to want to be on the lookout for one big risk:</p><p><i>Revenue deceleration.</i></p><p>Most industry forecasts have EVs growing at 18 to 22% for the next five years. If Tesla simply grows at that rate then its stock is not worth what it trades for today. You have to assume at least one more year of 40%+ growth to get an intrinsic value estimate for this stock that exceeds its current value. It’s so expensive already that if it grows at 18% for the next five years–a fantastic growth rate in absolute terms–it’s overvalued. The EV tax credit, or a similar catalyst, is needed for the stock to have just a little upside.</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 EV Tax Credit Is A Huge Catalyst</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 EV Tax Credit Is A Huge Catalyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-10 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit sales cap for electric vehicle \"EV\" tax credits.The act still has to be passed by the House of ...</p>\n\n<a href=\"https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2\">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/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157330995","content_text":"SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit sales cap for electric vehicle \"EV\" tax credits.The act still has to be passed by the House of Representatives to become law.If it passes, it will be a huge catalyst for Tesla, which will once again be eligible for Federal tax credits.Many Tesla models meet the Act's strict U.S. sourcing requirements; most competitors' offerings don't.This past Sunday, the U.S. Senate passed the Inflation Reduction Act, a spending bill containing a variety of climate change related measures. Among the most discussed measures in the bill is a change to the electric vehicle (“EV”)tax credit. Under previous rules, a company would lose its eligibility for EV credits after selling its 200,000th car. Tesla (NASDAQ:TSLA) crossed the 200,000 car threshold in 2018, and its tax credits were phased out over three years. By early 2022, Teslas were no longer eligible for the tax credit.With the passage of the Inflation Reduction Act, that has changed. The current version of the act, which will be debated by the House of Representatives this week, removes the 200,000 car limit for credit eligibility. Now, buyers of some Tesla models can enjoy the full $7,500 credit toward the purchase of their vehicles. There are some limits to this – the credit applies to sedans up to $55,000 and SUVs up to $80,000– but many Teslas will be eligible. The EV tax credit notably requires that the vehicle's battery be40% sourced from the U.S. or allies- Tesla's Model S meets this standard, most competitors' offerings don't.Tesla Model 3 meets the standard, most don't(roadandtrack.com)This is great news for a company that some say was built on government subsidies. Many of Elon Musk’s critics allege that Tesla has been taking enormous amounts of government assistance over the years. When we dig into the details, we see that Tesla did benefit from the EV tax credit in its early days. Furthermore, it benefits from similar credits in other countries today. The point about Tesla’s reliance on tax breaks can be overstated, but there’s no doubt that when a consumer gets a tax break for buying an EV, they’re more likely to buy one.Given that Tesla has the most brand awareness of all the major EV companies, it benefits from consumers being incentivized to buy EVs. According to a 2018 Energy Policy article, every $1,000 in EV credits leads to a 2.6% increase in EV sales. With Tesla having a large share of the U.S. EV market, it’s likely to gain revenue from the revamped tax credit. This credit could therefore serve as a catalyst improving Tesla’s business performance in the second half. However, as I’ll demonstrate shortly, this catalyst alone doesn’t automatically make the stock a great value.How the EV Tax Credit WorksTo understand how the revamped EV tax credit helps Tesla, we need to know how the credit works. The EV tax credit has been around in some form since 2009, having been announced in 2008’s Energy Improvement and Extension Act. The way credit works has changed since it was first introduced.The way the credit originally worked was like this:Every electric vehicle got a base credit of $2,500. A person buying any EV would get $2,500 plus an extra $417 per kilowatt-hour of battery capacity. For passenger cars, this increase in credits continued up until $7,500 worth of tax credits were earned. Any American who bought an EV would get to claim this credit on their taxes and deduct the appropriate percentage of $7,500 from their income.The EV tax credit also had a cap on how many cars a manufacturer could sell and still be eligible for the credit. Once a manufacturer surpassed 200,000 cars sold in the United States, their tax credits would be phased out over three years. Tesla hit the 200,000 car milestone in 2008. Its tax credits were phased out on the schedule shown below:Tesla's EV credit phase out(Tesla)As the table above shows, all of the credits on Tesla models S, X and 3 were phased out by the end of 2019. This was where things stood for most of the last two years: Teslas weren’t eligible for the credit. Technically, this is still the case, but the Inflation Reduction Act looks quite likely to pass. The Act passed 51-50 in the Senate, and is heading to the House of Representatives for review this week. If it passes, then Teslas will be eligible for the EV tax credit once more. The version of the Act that passed in the Senate puts no cap on how many EVs a manufacturer can sell, so not only will Tesla buyers get the credit again, they’ll continue to get it indefinitely. To top it off: there are Tesla models that meet the act's strict sourcing requirements, while many competitors' offerings don't make the grade.Business ImplicationsTesla regaining the EV tax credit has important business implications. Academic research suggests that every $1,000 worth of EV tax credits drives a2.6% increase in EV sales. As an example, if we have a country where 100,000 EVs are being sold per year, then adding a $1,000 credit increases sales to 102,600. The higher the dollar value of the credit, the more the sales increase. The research I’m citing doesn’t say whether the effect increases linearly or compounds with the size of the credit. If the effect is linear, then a $7,500 credit would increase the number of vehicles sold by 19,500. If it compounds, then it adds 21,228 extra sales. Either way, we should see a significant boost in sales from a $7,500 tax credit.Furthermore, we would expect Tesla to gain from this disproportionately. Many of Tesla’s competitors haven’t shipped 200,000 cars yet, but Tesla has.Lucid(LCID) is aiming for14,000 cumulative deliveries by year’s end, Ford(F) has sold 37,000 or so, Rivian(RIVN) has only delivered a handful of cars to employees. None of these companies are anywhere near the 200,000 deliveries threshold, so they’re getting the credit already. Tesla, on the other hand, passed the threshold in 2018, so it will be eligible for the credit again. Therefore, we’d expect the Inflation Reduction Act to boost Tesla’s sales while leaving its competitors’ sales unchanged.Tesla’s ValuationValuing a company like Tesla is always tough. The company has historically had high growth, which makes estimating its future cash flows difficult. Nevertheless, we can safely assume that, with its tax credits back, Tesla will grow faster than it would have without them. So, we can start by making a projection of Tesla’s revenue and build a discounted cash flow model from there.According to Seeking Alpha Quant, Tesla’s five year CAGR revenue growth rate is 46%. The rate in the most recent quarter was 43%. We have indications that the growth rate will slow down. First, the most recent quarterly growth rate is lower than the five year rate. Second, the five year growth rate is only half the 10 year growth rate. It wouldn’t be conservative to assume that TSLA can keep up 43% growth forever. So, I’ll use Valuates Report’s 18.2% CAGR EV industry forecast as my revenue growth estimate. However, to account for the bullish impact of the EV tax credits Tesla is about to get, I’ll add an extra 19.5% on to the first year’s growth. So the first year will see 41.2% growth (1.182 times 1.195), followed by 18.2% growth thereafter. Tesla’s revenue for the trailing 12 month period is $67.1 billion, so we get:Base year: $67.1B.Year 1: $94.74B.Year 2: $112B.Year 3: $132B.Year 4: $156B.Year 5: $185B.This gives us an overall CAGR growth rate of 22%. With that established, we can look at costs. Tesla had $48 billion in cost of goods sold (“COGS”) in the last 12 months. COGS scales up directly with revenue so I’ll assume that this portion of costs rises at 22%. Tesla’s operating costs have risen at 20% CAGR over the last five years, so I’ll assume they continue growing at that rate. Tesla’s tax rate in the trailing 12 month period was 10%, but I’ll up that to 15% to account for the new minimum tax included in the Inflation Reduction Act. Finally, I’ll add in non-cash costs at 6% of revenue (the percentage in the trailing 12 month period) to get a model that approximates cash from operations (“CFO”).Year 1Year 2Year 3Year 4Year 5Revenue$94.74B$112B$132B$156B$185BCOGS$69B$81.6B$96.5B$114B$135BOperating costs$8.76B$10.5B$12.6B$15B$18BEBIT$16.98$19.9B$22.9B$27B$32BAfter tax$14.43B$16.9B$19.46B$22.95B$27.2BNon-cash costs (added back in)$5.7B$6.72B$7.9B$9.36B$11.1BCFO$20.13B$23.62B$27.36B$32.31B$38.3BTesla has 1.155 billion shares outstanding, so these CFO figures on a per share basis add up to:TTM: $12.18.Year 1: $17.42.Year 2: $20.45Year 3: $23.68.Year 4: $27.97.Year 5: $33.16.So, we get a 22% growth rate in cash flows per share. Using 8% as the discount rate and assuming a 5% perpetual growth rate after five years, we get a fair value of $879. This is only a 3.4% upside to the price at the time of writing ($850), so I conclude that Tesla is fully valued.The Big Risk to Watch Out ForAs I’ve shown in this article, Tesla’s EV tax credit could create a sales spike in the year ahead that gives the stock slight upside to today’s price. Without the sales spike caused by tax credits, my model would have yielded about $825, suggesting slight overvaluation. This stock is trading very close to conservative estimates of fair value, even when you account for the EV tax credit causing sales to spike. The credit is a catalyst, but not a big one, adding only a very slight amount of upside.For this reason, Tesla investors are going to want to be on the lookout for one big risk:Revenue deceleration.Most industry forecasts have EVs growing at 18 to 22% for the next five years. If Tesla simply grows at that rate then its stock is not worth what it trades for today. You have to assume at least one more year of 40%+ growth to get an intrinsic value estimate for this stock that exceeds its current value. It’s so expensive already that if it grows at 18% for the next five years–a fantastic growth rate in absolute terms–it’s overvalued. The EV tax credit, or a similar catalyst, is needed for the stock to have just a little upside.","news_type":1},"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9036967772,"gmtCreate":1646965132984,"gmtModify":1676534182566,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Stuck already neither way also losses&nbsp;","listText":"Stuck already neither way also losses&nbsp;","text":"Stuck already neither way also losses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036967772","repostId":"1119275067","repostType":4,"repost":{"id":"1119275067","kind":"news","pubTimestamp":1646964789,"share":"https://ttm.financial/m/news/1119275067?lang=&edition=fundamental","pubTime":"2022-03-11 10:13","market":"us","language":"en","title":"Why Are Chinese Stocks BABA, JD, BIDU, PDD, BILI, TCEHY Down Thursday?","url":"https://stock-news.laohu8.com/highlight/detail?id=1119275067","media":"InvestorPlace","summary":"Chinese stocks are sinking as the SEC cracks down on audit violations","content":"<html><head></head><body><p>Chinese stocks saw a near across-the-board drop today and a number of major players are suffering brutal losses. Why? It appears the slump is due to a recent U.S. Securities and Exchange Commission (SEC) crackdown.</p><p>What’s going on with Chinese stocks today?</p><p>Well, the SEC just listed five U.S.-traded Chinese companies that have failed to follow the Holding Foreign Companies Accountable Act (HFCAA). The American depositary receipts (ADRs), which are securities for shares of non-U.S. companies, may be the first Chinese companies reprimanded for inability to adhere to HFCAA guidelines. Under the act, the SEC could delist them as a result.</p><p>This SEC crackdown has elicited a Chinese stock selloff far and wide. So, which companies have been hit?</p><p><b>Chinese Stocks Suffer Major Losses Amid SEC Crackdown</b></p><p>According to <i>Bloomberg</i>, the <b>Nasdaq</b> <b>Golden Dragon China Index</b> has dropped more than 10% today, nearing its largest drop since 2008. This comes after a strong trading day for Chinese companies on Wednesday, in which the group saw itslargest jumpin “more than a month.”</p><p>A number of large-cap Chinese stocks have been hit by the recent downturn. <b>Alibaba</b>(NYSE:<b><u>BABA</u></b>) is down nearly 8%, while <b>Baidu</b>(NASDAQ:<b><u>BIDU</u></b>) and <b>Tencent</b>(OTCMKTS:<b><u>TCEHY</u></b>) are each down by around 6% or more as of closed. This is actually on the tame side, comparatively. <b>JD.com</b>(NASDAQ:<b><u>JD</u></b>) and <b>Pinduoduo</b>(NASDAQ:<b><u>PDD</u></b>) have dropped over 15% today while <b>Bilibili</b>(NASDAQ:<b><u>BILI</u></b>) has dropped more than 14%. While the markets are down across the board today, Chinese stocks are getting hit particularly hard. Fears of regulatory oversight has clearly presented a bearish sign to many investors.</p><p>It’s unclear whether the HFCAA violations will grow legitimate thorns. But rest assured, investors will be keeping a close eye on Chinese companies going forward into the year.</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>Why Are Chinese Stocks BABA, JD, BIDU, PDD, BILI, TCEHY Down Thursday?</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\">\nWhy Are Chinese Stocks BABA, JD, BIDU, PDD, BILI, TCEHY Down Thursday?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-11 10:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/why-are-chinese-stocks-baba-jd-bidu-pdd-bili-tcehy-down-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese stocks saw a near across-the-board drop today and a number of major players are suffering brutal losses. Why? It appears the slump is due to a recent U.S. Securities and Exchange Commission (...</p>\n\n<a href=\"https://investorplace.com/2022/03/why-are-chinese-stocks-baba-jd-bidu-pdd-bili-tcehy-down-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","BIDU":"百度","BILI":"哔哩哔哩","BABA":"阿里巴巴","PDD":"拼多多","TCEHY":"腾讯控股ADR"},"source_url":"https://investorplace.com/2022/03/why-are-chinese-stocks-baba-jd-bidu-pdd-bili-tcehy-down-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119275067","content_text":"Chinese stocks saw a near across-the-board drop today and a number of major players are suffering brutal losses. Why? It appears the slump is due to a recent U.S. Securities and Exchange Commission (SEC) crackdown.What’s going on with Chinese stocks today?Well, the SEC just listed five U.S.-traded Chinese companies that have failed to follow the Holding Foreign Companies Accountable Act (HFCAA). The American depositary receipts (ADRs), which are securities for shares of non-U.S. companies, may be the first Chinese companies reprimanded for inability to adhere to HFCAA guidelines. Under the act, the SEC could delist them as a result.This SEC crackdown has elicited a Chinese stock selloff far and wide. So, which companies have been hit?Chinese Stocks Suffer Major Losses Amid SEC CrackdownAccording to Bloomberg, the Nasdaq Golden Dragon China Index has dropped more than 10% today, nearing its largest drop since 2008. This comes after a strong trading day for Chinese companies on Wednesday, in which the group saw itslargest jumpin “more than a month.”A number of large-cap Chinese stocks have been hit by the recent downturn. Alibaba(NYSE:BABA) is down nearly 8%, while Baidu(NASDAQ:BIDU) and Tencent(OTCMKTS:TCEHY) are each down by around 6% or more as of closed. This is actually on the tame side, comparatively. JD.com(NASDAQ:JD) and Pinduoduo(NASDAQ:PDD) have dropped over 15% today while Bilibili(NASDAQ:BILI) has dropped more than 14%. While the markets are down across the board today, Chinese stocks are getting hit particularly hard. Fears of regulatory oversight has clearly presented a bearish sign to many investors.It’s unclear whether the HFCAA violations will grow legitimate thorns. But rest assured, investors will be keeping a close eye on Chinese companies going forward into the year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154348555,"gmtCreate":1625484210277,"gmtModify":1703742503592,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"This is enlightening to me.thanks for sharing&nbsp;","listText":"This is enlightening to me.thanks for sharing&nbsp;","text":"This is enlightening to me.thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154348555","repostId":"1155435134","repostType":4,"repost":{"id":"1155435134","kind":"news","pubTimestamp":1625483300,"share":"https://ttm.financial/m/news/1155435134?lang=&edition=fundamental","pubTime":"2021-07-05 19:08","market":"us","language":"en","title":"What Does the End of the Quarter Mean for Portfolio Management?","url":"https://stock-news.laohu8.com/highlight/detail?id=1155435134","media":"investopedia","summary":"The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the","content":"<p>The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.</p>\n<p>There's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.</p>\n<p>Even if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.</p>\n<p>Rebalancing a Portfolio</p>\n<p>Rebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.</p>\n<p>KEY TAKEAWAYS</p>\n<ul>\n <li>The end of the three-month period known as a financial quarter is considered an important time for investors.</li>\n <li>Companies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.</li>\n <li>Both retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.</li>\n</ul>\n<p>Traditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.</p>\n<p>Institutional Investors and Rebalancing</p>\n<p>It is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3</p>\n<p>There are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.</p>\n<p>Active funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.</p>","source":"lsy1606203311635","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Does the End of the Quarter Mean for Portfolio Management?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Does the End of the Quarter Mean for Portfolio Management?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 19:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral><strong>investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and ...</p>\n\n<a href=\"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155435134","content_text":"The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.\nThere's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.\nEven if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.\nRebalancing a Portfolio\nRebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.\nKEY TAKEAWAYS\n\nThe end of the three-month period known as a financial quarter is considered an important time for investors.\nCompanies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.\nBoth retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.\n\nTraditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.\nInstitutional Investors and Rebalancing\nIt is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3\nThere are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.\nActive funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138203346,"gmtCreate":1621939711085,"gmtModify":1704364779199,"author":{"id":"3576401458285275","authorId":"3576401458285275","name":"Huitai","avatar":"https://static.tigerbbs.com/be4eb3604e496ba474ae6df683a3ed25","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576401458285275","authorIdStr":"3576401458285275"},"themes":[],"htmlText":"Congratulations and may your UP Fintech Holding continue to prosperous&nbsp;","listText":"Congratulations and may your UP Fintech Holding continue to prosperous&nbsp;","text":"Congratulations and may your UP Fintech Holding continue to prosperous","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138203346","repostId":"1162584877","repostType":4,"repost":{"id":"1162584877","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":1621929875,"share":"https://ttm.financial/m/news/1162584877?lang=&edition=fundamental","pubTime":"2021-05-25 16:04","market":"us","language":"en","title":"UP Fintech Client Accounts and Balances Hit Record High in Q1 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1162584877","media":"Tiger Newspress","summary":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “$(TIGR)$”, and ","content":"<p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “<a href=\"https://laohu8.com/S/TIGR\">$(TIGR)$</a>”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.</p>\n<p>UP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.</p>\n<p>Total revenue increased 255.5% year-over-year to $81.3 million. Non-GAAP profit was $23.5 million during the quarter, 22 times that of the first quarter of 2020.</p>\n<p>In the first quarter, UP Fintech continued to expand its international reach with a growing presence in Singapore. Since the launch of its mobile trading app in Singapore a year ago, the firm has successfully differentiated itself with its innovative technology in a crowded market. In order to further expand product offerings for local users to diversify their portfolios, UP Fintech introduced new products and services in Singapore including its Fund Mall, as well as Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities in Q1.</p>\n<p>The quarterly additions of new client accounts and funded accounts in Singapore increased by 257.9% and 300.8%, respectively, compared to the preceding quarter. The number of new accounts in Singapore during the first three months of 2021 also exceeded the total for 2020, representing an important step forward in implementing the firm’s global expansion strategy.</p>\n<p>Other revenues from corporate services, including investment banking and ESOP, rose 330.5% to $10.5 million from the prior year period. In Q1, UP Fintech participated in 14 H.K. and U.S. IPOs and served as an underwriter in 8 of them. The firm’s U.S. subsidiary also served as a lead bank for the first time in KuKe’s U.S. IPO (NYSE:KUKE). Despite having only started its investment banking business three years ago, UP Fintech has participated in more than 80 U.S. IPOs of Chinese issuers, leading U.S. IPO underwriting of Chinese companies by deal count among brokerages in both 2019 and 2020.</p>\n<p>The firm also added 41 ESOP clients in Q1. Meanwhile, UP Fintech received ISO27701:2019 and ISO29151:2017 accreditations from DNV. These certifications certified the firm’s commitment to comply with the most stringent international standards in supporting data integrity and client confidentiality.</p>\n<p>“We delivered another strong performance in Q1 with the highest ever funded account additions of 117K during the quarter. We are proud to now serve a diverse and sophisticated base of 376K investors. In Q1, more than half of new clients came from international markets, demonstrating our global expansion strategy is proceeding nicely. The Singapore market delivered phenomenal customer growth, serving as a testament to the relevance of our product offering and the opportunity in the retail brokerage market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “We are off to a strong start in 2021 with record new accounts and client balances. Looking ahead, we will continue to expand our product portfolio and enhance our one-stop trading platform to meet investor preferences.”</p>\n<p>Safe Harbor Statement</p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</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>UP Fintech Client Accounts and Balances Hit Record High in Q1 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech Client Accounts and Balances Hit Record High in Q1 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-25 16:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “<a href=\"https://laohu8.com/S/TIGR\">$(TIGR)$</a>”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.</p>\n<p>UP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.</p>\n<p>Total revenue increased 255.5% year-over-year to $81.3 million. Non-GAAP profit was $23.5 million during the quarter, 22 times that of the first quarter of 2020.</p>\n<p>In the first quarter, UP Fintech continued to expand its international reach with a growing presence in Singapore. Since the launch of its mobile trading app in Singapore a year ago, the firm has successfully differentiated itself with its innovative technology in a crowded market. In order to further expand product offerings for local users to diversify their portfolios, UP Fintech introduced new products and services in Singapore including its Fund Mall, as well as Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities in Q1.</p>\n<p>The quarterly additions of new client accounts and funded accounts in Singapore increased by 257.9% and 300.8%, respectively, compared to the preceding quarter. The number of new accounts in Singapore during the first three months of 2021 also exceeded the total for 2020, representing an important step forward in implementing the firm’s global expansion strategy.</p>\n<p>Other revenues from corporate services, including investment banking and ESOP, rose 330.5% to $10.5 million from the prior year period. In Q1, UP Fintech participated in 14 H.K. and U.S. IPOs and served as an underwriter in 8 of them. The firm’s U.S. subsidiary also served as a lead bank for the first time in KuKe’s U.S. IPO (NYSE:KUKE). Despite having only started its investment banking business three years ago, UP Fintech has participated in more than 80 U.S. IPOs of Chinese issuers, leading U.S. IPO underwriting of Chinese companies by deal count among brokerages in both 2019 and 2020.</p>\n<p>The firm also added 41 ESOP clients in Q1. Meanwhile, UP Fintech received ISO27701:2019 and ISO29151:2017 accreditations from DNV. These certifications certified the firm’s commitment to comply with the most stringent international standards in supporting data integrity and client confidentiality.</p>\n<p>“We delivered another strong performance in Q1 with the highest ever funded account additions of 117K during the quarter. We are proud to now serve a diverse and sophisticated base of 376K investors. In Q1, more than half of new clients came from international markets, demonstrating our global expansion strategy is proceeding nicely. The Singapore market delivered phenomenal customer growth, serving as a testament to the relevance of our product offering and the opportunity in the retail brokerage market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “We are off to a strong start in 2021 with record new accounts and client balances. Looking ahead, we will continue to expand our product portfolio and enhance our one-stop trading platform to meet investor preferences.”</p>\n<p>Safe Harbor Statement</p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162584877","content_text":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “$(TIGR)$”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.\nUP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.\nTotal revenue increased 255.5% year-over-year to $81.3 million. Non-GAAP profit was $23.5 million during the quarter, 22 times that of the first quarter of 2020.\nIn the first quarter, UP Fintech continued to expand its international reach with a growing presence in Singapore. Since the launch of its mobile trading app in Singapore a year ago, the firm has successfully differentiated itself with its innovative technology in a crowded market. In order to further expand product offerings for local users to diversify their portfolios, UP Fintech introduced new products and services in Singapore including its Fund Mall, as well as Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities in Q1.\nThe quarterly additions of new client accounts and funded accounts in Singapore increased by 257.9% and 300.8%, respectively, compared to the preceding quarter. The number of new accounts in Singapore during the first three months of 2021 also exceeded the total for 2020, representing an important step forward in implementing the firm’s global expansion strategy.\nOther revenues from corporate services, including investment banking and ESOP, rose 330.5% to $10.5 million from the prior year period. In Q1, UP Fintech participated in 14 H.K. and U.S. IPOs and served as an underwriter in 8 of them. The firm’s U.S. subsidiary also served as a lead bank for the first time in KuKe’s U.S. IPO (NYSE:KUKE). Despite having only started its investment banking business three years ago, UP Fintech has participated in more than 80 U.S. IPOs of Chinese issuers, leading U.S. IPO underwriting of Chinese companies by deal count among brokerages in both 2019 and 2020.\nThe firm also added 41 ESOP clients in Q1. Meanwhile, UP Fintech received ISO27701:2019 and ISO29151:2017 accreditations from DNV. These certifications certified the firm’s commitment to comply with the most stringent international standards in supporting data integrity and client confidentiality.\n“We delivered another strong performance in Q1 with the highest ever funded account additions of 117K during the quarter. We are proud to now serve a diverse and sophisticated base of 376K investors. In Q1, more than half of new clients came from international markets, demonstrating our global expansion strategy is proceeding nicely. The Singapore market delivered phenomenal customer growth, serving as a testament to the relevance of our product offering and the opportunity in the retail brokerage market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “We are off to a strong start in 2021 with record new accounts and client balances. Looking ahead, we will continue to expand our product portfolio and enhance our one-stop trading platform to meet investor preferences.”\nSafe Harbor Statement\nThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.","news_type":1},"isVote":1,"tweetType":1,"viewCount":385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}